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Side-by-side financial comparison of ALEXANDERS INC (ALX) and FUELCELL ENERGY INC (FCEL). Click either name above to swap in a different company.

FUELCELL ENERGY INC is the larger business by last-quarter revenue ($55.0M vs $53.3M, roughly 1.0× ALEXANDERS INC). On growth, FUELCELL ENERGY INC posted the faster year-over-year revenue change (11.5% vs -4.7%). Over the past eight quarters, FUELCELL ENERGY INC's revenue compounded faster (81.6% CAGR vs -6.9%).

Alexander's, Inc. is a real estate investment trust that owns 7 properties in New York metropolitan area, including 731 Lexington Avenue, the headquarters of Bloomberg L.P. It is controlled by Vornado Realty Trust. It was founded by George Farkas and Louis Schwadron in 1928.

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.

ALX vs FCEL — Head-to-Head

Bigger by revenue
FCEL
FCEL
1.0× larger
FCEL
$55.0M
$53.3M
ALX
Growing faster (revenue YoY)
FCEL
FCEL
+16.3% gap
FCEL
11.5%
-4.7%
ALX
Faster 2-yr revenue CAGR
FCEL
FCEL
Annualised
FCEL
81.6%
-6.9%
ALX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALX
ALX
FCEL
FCEL
Revenue
$53.3M
$55.0M
Net Profit
$-29.9M
Gross Margin
-12.1%
Operating Margin
-51.5%
Net Margin
-54.3%
Revenue YoY
-4.7%
11.5%
Net Profit YoY
27.9%
EPS (diluted)
$0.75
$-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.

Revenue
ALX
ALX
FCEL
FCEL
Q4 25
$53.3M
$55.0M
Q3 25
$53.4M
$46.7M
Q2 25
$51.6M
$37.4M
Q1 25
$54.9M
$19.0M
Q4 24
$55.9M
$49.3M
Q3 24
$55.7M
$23.7M
Q2 24
$53.4M
$22.4M
Q1 24
$61.4M
$16.7M
Net Profit
ALX
ALX
FCEL
FCEL
Q4 25
$-29.9M
Q3 25
$6.0M
$-91.7M
Q2 25
$6.1M
$-38.0M
Q1 25
$12.3M
$-28.3M
Q4 24
$-41.4M
Q3 24
$6.7M
$-32.7M
Q2 24
$8.4M
$-32.1M
Q1 24
$16.1M
$-19.8M
Gross Margin
ALX
ALX
FCEL
FCEL
Q4 25
-12.1%
Q3 25
-11.0%
Q2 25
-25.2%
Q1 25
-27.4%
Q4 24
-22.1%
Q3 24
-26.2%
Q2 24
-31.6%
Q1 24
-70.2%
Operating Margin
ALX
ALX
FCEL
FCEL
Q4 25
-51.5%
Q3 25
-204.0%
Q2 25
-95.7%
Q1 25
-172.9%
Q4 24
-83.2%
Q3 24
-141.9%
Q2 24
-184.5%
Q1 24
-254.5%
Net Margin
ALX
ALX
FCEL
FCEL
Q4 25
-54.3%
Q3 25
11.2%
-196.1%
Q2 25
11.9%
-101.7%
Q1 25
22.4%
-149.1%
Q4 24
-84.0%
Q3 24
12.0%
-137.8%
Q2 24
15.7%
-143.4%
Q1 24
26.2%
-118.6%
EPS (diluted)
ALX
ALX
FCEL
FCEL
Q4 25
$0.75
$-0.43
Q3 25
$1.16
$-3.78
Q2 25
$1.19
$-1.79
Q1 25
$2.40
$-1.42
Q4 24
$2.39
$-2.29
Q3 24
$1.30
$-1.99
Q2 24
$1.63
$-2.18
Q1 24
$3.14
$-1.37

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALX
ALX
FCEL
FCEL
Cash + ST InvestmentsLiquidity on hand
$128.2M
$278.1M
Total DebtLower is stronger
$103.8M
Stockholders' EquityBook value
$109.2M
$662.2M
Total Assets
$1.1B
$932.1M
Debt / EquityLower = less leverage
0.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALX
ALX
FCEL
FCEL
Q4 25
$128.2M
$278.1M
Q3 25
$286.1M
$174.7M
Q2 25
$313.0M
$177.0M
Q1 25
$319.9M
$208.4M
Q4 24
$338.5M
$257.3M
Q3 24
$354.8M
$267.2M
Q2 24
$410.9M
$260.1M
Q1 24
$526.3M
$297.5M
Total Debt
ALX
ALX
FCEL
FCEL
Q4 25
$103.8M
Q3 25
$106.4M
Q2 25
$109.4M
Q1 25
$112.3M
Q4 24
$115.7M
Q3 24
$112.7M
Q2 24
$116.2M
Q1 24
$107.2M
Stockholders' Equity
ALX
ALX
FCEL
FCEL
Q4 25
$109.2M
$662.2M
Q3 25
$128.3M
$556.2M
Q2 25
$145.4M
$609.2M
Q1 25
$163.1M
$635.2M
Q4 24
$176.9M
$656.9M
Q3 24
$190.7M
$675.8M
Q2 24
$212.5M
$639.8M
Q1 24
$230.1M
$663.9M
Total Assets
ALX
ALX
FCEL
FCEL
Q4 25
$1.1B
$932.1M
Q3 25
$1.3B
$830.5M
Q2 25
$1.3B
$883.8M
Q1 25
$1.3B
$907.5M
Q4 24
$1.3B
$944.1M
Q3 24
$1.4B
$948.9M
Q2 24
$1.5B
$916.8M
Q1 24
$1.4B
$923.2M
Debt / Equity
ALX
ALX
FCEL
FCEL
Q4 25
0.16×
Q3 25
0.19×
Q2 25
0.18×
Q1 25
0.18×
Q4 24
0.18×
Q3 24
0.17×
Q2 24
0.18×
Q1 24
0.16×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALX
ALX
FCEL
FCEL
Operating Cash FlowLast quarter
$73.4M
$-22.9M
Free Cash FlowOCF − Capex
$-23.9M
FCF MarginFCF / Revenue
-43.4%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-143.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALX
ALX
FCEL
FCEL
Q4 25
$73.4M
$-22.9M
Q3 25
$-9.3M
$-26.8M
Q2 25
$43.6M
$-29.9M
Q1 25
$15.7M
$-45.7M
Q4 24
$54.1M
$5.8M
Q3 24
$-5.0M
$-63.4M
Q2 24
$11.5M
$-37.1M
Q1 24
$16.8M
$-58.3M
Free Cash Flow
ALX
ALX
FCEL
FCEL
Q4 25
$-23.9M
Q3 25
$-32.1M
Q2 25
$-35.2M
Q1 25
$-52.8M
Q4 24
$-4.7M
Q3 24
$-76.8M
Q2 24
$-50.3M
Q1 24
$-68.8M
FCF Margin
ALX
ALX
FCEL
FCEL
Q4 25
-43.4%
Q3 25
-68.6%
Q2 25
-94.0%
Q1 25
-277.8%
Q4 24
-9.5%
Q3 24
-324.0%
Q2 24
-224.5%
Q1 24
-412.4%
Capex Intensity
ALX
ALX
FCEL
FCEL
Q4 25
1.8%
Q3 25
11.2%
Q2 25
14.1%
Q1 25
37.2%
Q4 24
21.4%
Q3 24
56.6%
Q2 24
58.9%
Q1 24
63.3%
Cash Conversion
ALX
ALX
FCEL
FCEL
Q4 25
Q3 25
-1.55×
Q2 25
7.12×
Q1 25
1.28×
Q4 24
Q3 24
-0.75×
Q2 24
1.37×
Q1 24
1.04×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALX
ALX

Segment breakdown not available.

FCEL
FCEL

Other$30.0M55%
Electricity Generation$12.2M22%
Services$7.3M13%
Advanced Technologies$5.5M10%

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