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Side-by-side financial comparison of Adobe Inc. (ADBE) and FUELCELL ENERGY INC (FCEL). Click either name above to swap in a different company.
Adobe Inc. is the larger business by last-quarter revenue ($6.4B vs $55.0M, roughly 116.3× FUELCELL ENERGY INC). Adobe Inc. runs the higher net margin — 29.5% vs -54.3%, a 83.8% gap on every dollar of revenue. On growth, Adobe Inc. posted the faster year-over-year revenue change (12.0% vs 11.5%). Adobe Inc. produced more free cash flow last quarter ($2.9B vs $-23.9M). Over the past eight quarters, FUELCELL ENERGY INC's revenue compounded faster (81.6% CAGR vs 9.8%).
Adobe Inc., formerly Adobe Systems Incorporated, is an American multinational computer software company based in San Jose, California. It offers a wide range of programs from web design tools, photo manipulation, and vector creation to video and audio editing, mobile app development, print layout, and animation software.
FuelCell Energy, Inc. is a publicly traded fuel cell company headquartered in Danbury, Connecticut. It designs, manufactures, operates and services power plants based on molten carbonate fuel cells.
ADBE vs FCEL — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $6.4B | $55.0M |
| Net Profit | $1.9B | $-29.9M |
| Gross Margin | 89.6% | -12.1% |
| Operating Margin | 37.8% | -51.5% |
| Net Margin | 29.5% | -54.3% |
| Revenue YoY | 12.0% | 11.5% |
| Net Profit YoY | 4.3% | 27.9% |
| EPS (diluted) | $4.60 | $-0.43 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | $55.0M | ||
| Q3 25 | $6.0B | $46.7M | ||
| Q2 25 | $5.9B | $37.4M | ||
| Q1 25 | $5.7B | $19.0M | ||
| Q4 24 | $5.6B | $49.3M | ||
| Q3 24 | $5.4B | $23.7M | ||
| Q2 24 | $5.3B | $22.4M |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $-29.9M | ||
| Q3 25 | $1.8B | $-91.7M | ||
| Q2 25 | $1.7B | $-38.0M | ||
| Q1 25 | $1.8B | $-28.3M | ||
| Q4 24 | $1.7B | $-41.4M | ||
| Q3 24 | $1.7B | $-32.7M | ||
| Q2 24 | $1.6B | $-32.1M |
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | -12.1% | ||
| Q3 25 | 89.3% | -11.0% | ||
| Q2 25 | 89.1% | -25.2% | ||
| Q1 25 | 89.1% | -27.4% | ||
| Q4 24 | 89.0% | -22.1% | ||
| Q3 24 | 89.8% | -26.2% | ||
| Q2 24 | 88.7% | -31.6% |
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | -51.5% | ||
| Q3 25 | 36.3% | -204.0% | ||
| Q2 25 | 35.9% | -95.7% | ||
| Q1 25 | 37.9% | -172.9% | ||
| Q4 24 | 34.9% | -83.2% | ||
| Q3 24 | 36.8% | -141.9% | ||
| Q2 24 | 35.5% | -184.5% |
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | -54.3% | ||
| Q3 25 | 29.6% | -196.1% | ||
| Q2 25 | 28.8% | -101.7% | ||
| Q1 25 | 31.7% | -149.1% | ||
| Q4 24 | 30.0% | -84.0% | ||
| Q3 24 | 31.1% | -137.8% | ||
| Q2 24 | 29.6% | -143.4% |
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $-0.43 | ||
| Q3 25 | $4.18 | $-3.78 | ||
| Q2 25 | $3.94 | $-1.79 | ||
| Q1 25 | $4.14 | $-1.42 | ||
| Q4 24 | $3.75 | $-2.29 | ||
| Q3 24 | $3.76 | $-1.99 | ||
| Q2 24 | $3.49 | $-2.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $6.9B | $278.1M |
| Total DebtLower is stronger | $5.4B | $103.8M |
| Stockholders' EquityBook value | $11.4B | $662.2M |
| Total Assets | $29.7B | $932.1M |
| Debt / EquityLower = less leverage | 0.47× | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | $278.1M | ||
| Q3 25 | $5.9B | $174.7M | ||
| Q2 25 | $5.7B | $177.0M | ||
| Q1 25 | $7.4B | $208.4M | ||
| Q4 24 | $7.9B | $257.3M | ||
| Q3 24 | $7.5B | $267.2M | ||
| Q2 24 | $8.1B | $260.1M |
| Q1 26 | $5.4B | — | ||
| Q4 25 | $6.2B | $103.8M | ||
| Q3 25 | $6.2B | $106.4M | ||
| Q2 25 | $6.2B | $109.4M | ||
| Q1 25 | $6.2B | $112.3M | ||
| Q4 24 | $4.1B | $115.7M | ||
| Q3 24 | $4.1B | $112.7M | ||
| Q2 24 | $4.1B | $116.2M |
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $662.2M | ||
| Q3 25 | $11.8B | $556.2M | ||
| Q2 25 | $11.4B | $609.2M | ||
| Q1 25 | $13.1B | $635.2M | ||
| Q4 24 | $14.1B | $656.9M | ||
| Q3 24 | $14.5B | $675.8M | ||
| Q2 24 | $14.8B | $639.8M |
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $932.1M | ||
| Q3 25 | $28.8B | $830.5M | ||
| Q2 25 | $28.1B | $883.8M | ||
| Q1 25 | $30.0B | $907.5M | ||
| Q4 24 | $30.2B | $944.1M | ||
| Q3 24 | $29.8B | $948.9M | ||
| Q2 24 | $30.0B | $916.8M |
| Q1 26 | 0.47× | — | ||
| Q4 25 | 0.53× | 0.16× | ||
| Q3 25 | 0.53× | 0.19× | ||
| Q2 25 | 0.54× | 0.18× | ||
| Q1 25 | 0.47× | 0.18× | ||
| Q4 24 | 0.29× | 0.18× | ||
| Q3 24 | 0.28× | 0.17× | ||
| Q2 24 | 0.28× | 0.18× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.0B | $-22.9M |
| Free Cash FlowOCF − Capex | $2.9B | $-23.9M |
| FCF MarginFCF / Revenue | 45.7% | -43.4% |
| Capex IntensityCapex / Revenue | 0.6% | 1.8% |
| Cash ConversionOCF / Net Profit | 1.57× | — |
| TTM Free Cash FlowTrailing 4 quarters | $10.3B | $-143.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $-22.9M | ||
| Q3 25 | $2.2B | $-26.8M | ||
| Q2 25 | $2.2B | $-29.9M | ||
| Q1 25 | $2.5B | $-45.7M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $2.0B | $-63.4M | ||
| Q2 24 | $1.9B | $-37.1M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $-23.9M | ||
| Q3 25 | $2.1B | $-32.1M | ||
| Q2 25 | $2.1B | $-35.2M | ||
| Q1 25 | $2.5B | $-52.8M | ||
| Q4 24 | — | $-4.7M | ||
| Q3 24 | $2.0B | $-76.8M | ||
| Q2 24 | $1.9B | $-50.3M |
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | -43.4% | ||
| Q3 25 | 35.5% | -68.6% | ||
| Q2 25 | 36.5% | -94.0% | ||
| Q1 25 | 43.0% | -277.8% | ||
| Q4 24 | — | -9.5% | ||
| Q3 24 | 36.3% | -324.0% | ||
| Q2 24 | 35.8% | -224.5% |
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 1.8% | ||
| Q3 25 | 1.2% | 11.2% | ||
| Q2 25 | 0.8% | 14.1% | ||
| Q1 25 | 0.5% | 37.2% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | 1.1% | 56.6% | ||
| Q2 24 | 0.8% | 58.9% |
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | — | ||
| Q3 25 | 1.24× | — | ||
| Q2 25 | 1.30× | — | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.20× | — | ||
| Q2 24 | 1.23× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADBE
| Subscription Revenue | $6.2B | 97% |
| Service Other | $110.0M | 2% |
| Products | $90.0M | 1% |
FCEL
| Other | $30.0M | 55% |
| Electricity Generation | $12.2M | 22% |
| Services | $7.3M | 13% |
| Advanced Technologies | $5.5M | 10% |
