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Side-by-side financial comparison of AMERICAN SUPERCONDUCTOR CORP (AMSC) and FUELCELL ENERGY INC (FCEL). Click either name above to swap in a different company.
AMERICAN SUPERCONDUCTOR CORP is the larger business by last-quarter revenue ($74.5M vs $55.0M, roughly 1.4× FUELCELL ENERGY INC). AMERICAN SUPERCONDUCTOR CORP runs the higher net margin — 158.1% vs -54.3%, a 212.4% gap on every dollar of revenue. On growth, AMERICAN SUPERCONDUCTOR CORP posted the faster year-over-year revenue change (21.4% vs 11.5%). AMERICAN SUPERCONDUCTOR CORP produced more free cash flow last quarter ($2.4M vs $-23.9M). Over the past eight quarters, FUELCELL ENERGY INC's revenue compounded faster (81.6% CAGR vs 33.2%).
Anglo American plc is a British multinational mining company with headquarters in London, England. It is the world's largest producer of platinum, representing approximately 40 percent of global output, as well as being a major producer of diamonds, copper, nickel, iron ore, polyhalite and steelmaking coal. The company has operations in Africa, Asia, Australia, Europe, North America and South America.
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.
AMSC vs FCEL — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $74.5M | $55.0M |
| Net Profit | $117.8M | $-29.9M |
| Gross Margin | 30.7% | -12.1% |
| Operating Margin | 4.5% | -51.5% |
| Net Margin | 158.1% | -54.3% |
| Revenue YoY | 21.4% | 11.5% |
| Net Profit YoY | 4679.1% | 27.9% |
| EPS (diluted) | $2.62 | $-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.
| Q4 25 | $74.5M | $55.0M | ||
| Q3 25 | $65.9M | $46.7M | ||
| Q2 25 | $72.4M | $37.4M | ||
| Q1 25 | $66.7M | $19.0M | ||
| Q4 24 | $61.4M | $49.3M | ||
| Q3 24 | $54.5M | $23.7M | ||
| Q2 24 | $40.3M | $22.4M | ||
| Q1 24 | $42.0M | $16.7M |
| Q4 25 | $117.8M | $-29.9M | ||
| Q3 25 | $4.8M | $-91.7M | ||
| Q2 25 | $6.7M | $-38.0M | ||
| Q1 25 | $1.2M | $-28.3M | ||
| Q4 24 | $2.5M | $-41.4M | ||
| Q3 24 | $4.9M | $-32.7M | ||
| Q2 24 | $-2.5M | $-32.1M | ||
| Q1 24 | $-1.6M | $-19.8M |
| Q4 25 | 30.7% | -12.1% | ||
| Q3 25 | 31.0% | -11.0% | ||
| Q2 25 | 33.8% | -25.2% | ||
| Q1 25 | 26.5% | -27.4% | ||
| Q4 24 | 26.6% | -22.1% | ||
| Q3 24 | 28.7% | -26.2% | ||
| Q2 24 | 30.3% | -31.6% | ||
| Q1 24 | 24.8% | -70.2% |
| Q4 25 | 4.5% | -51.5% | ||
| Q3 25 | 4.5% | -204.0% | ||
| Q2 25 | 7.8% | -95.7% | ||
| Q1 25 | 2.5% | -172.9% | ||
| Q4 24 | 2.1% | -83.2% | ||
| Q3 24 | -1.4% | -141.9% | ||
| Q2 24 | -8.2% | -184.5% | ||
| Q1 24 | -5.3% | -254.5% |
| Q4 25 | 158.1% | -54.3% | ||
| Q3 25 | 7.2% | -196.1% | ||
| Q2 25 | 9.3% | -101.7% | ||
| Q1 25 | 1.8% | -149.1% | ||
| Q4 24 | 4.0% | -84.0% | ||
| Q3 24 | 9.0% | -137.8% | ||
| Q2 24 | -6.3% | -143.4% | ||
| Q1 24 | -3.8% | -118.6% |
| Q4 25 | $2.62 | $-0.43 | ||
| Q3 25 | $0.11 | $-3.78 | ||
| Q2 25 | $0.17 | $-1.79 | ||
| Q1 25 | $0.04 | $-1.42 | ||
| Q4 24 | $0.06 | $-2.29 | ||
| Q3 24 | $0.13 | $-1.99 | ||
| Q2 24 | $-0.07 | $-2.18 | ||
| Q1 24 | $-0.03 | $-1.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $141.1M | $278.1M |
| Total DebtLower is stronger | — | $103.8M |
| Stockholders' EquityBook value | $536.8M | $662.2M |
| Total Assets | $719.5M | $932.1M |
| Debt / EquityLower = less leverage | — | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $141.1M | $278.1M | ||
| Q3 25 | $212.9M | $174.7M | ||
| Q2 25 | $207.9M | $177.0M | ||
| Q1 25 | $79.5M | $208.4M | ||
| Q4 24 | $75.2M | $257.3M | ||
| Q3 24 | $72.1M | $267.2M | ||
| Q2 24 | $93.5M | $260.1M | ||
| Q1 24 | $90.5M | $297.5M |
| 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 |
| Q4 25 | $536.8M | $662.2M | ||
| Q3 25 | $342.2M | $556.2M | ||
| Q2 25 | $333.1M | $609.2M | ||
| Q1 25 | $197.1M | $635.2M | ||
| Q4 24 | $192.7M | $656.9M | ||
| Q3 24 | $187.0M | $675.8M | ||
| Q2 24 | $143.3M | $639.8M | ||
| Q1 24 | $144.6M | $663.9M |
| Q4 25 | $719.5M | $932.1M | ||
| Q3 25 | $445.6M | $830.5M | ||
| Q2 25 | $452.8M | $883.8M | ||
| Q1 25 | $310.5M | $907.5M | ||
| Q4 24 | $310.3M | $944.1M | ||
| Q3 24 | $298.4M | $948.9M | ||
| Q2 24 | $240.1M | $916.8M | ||
| Q1 24 | $232.8M | $923.2M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.2M | $-22.9M |
| Free Cash FlowOCF − Capex | $2.4M | $-23.9M |
| FCF MarginFCF / Revenue | 3.2% | -43.4% |
| Capex IntensityCapex / Revenue | 1.2% | 1.8% |
| Cash ConversionOCF / Net Profit | 0.03× | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.0M | $-143.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2M | $-22.9M | ||
| Q3 25 | $6.5M | $-26.8M | ||
| Q2 25 | $4.1M | $-29.9M | ||
| Q1 25 | $6.3M | $-45.7M | ||
| Q4 24 | $5.9M | $5.8M | ||
| Q3 24 | $12.7M | $-63.4M | ||
| Q2 24 | $3.4M | $-37.1M | ||
| Q1 24 | $2.2M | $-58.3M |
| Q4 25 | $2.4M | $-23.9M | ||
| Q3 25 | $5.1M | $-32.1M | ||
| Q2 25 | $3.3M | $-35.2M | ||
| Q1 25 | $5.3M | $-52.8M | ||
| Q4 24 | $5.3M | $-4.7M | ||
| Q3 24 | $12.1M | $-76.8M | ||
| Q2 24 | $3.1M | $-50.3M | ||
| Q1 24 | $1.9M | $-68.8M |
| Q4 25 | 3.2% | -43.4% | ||
| Q3 25 | 7.7% | -68.6% | ||
| Q2 25 | 4.6% | -94.0% | ||
| Q1 25 | 7.9% | -277.8% | ||
| Q4 24 | 8.7% | -9.5% | ||
| Q3 24 | 22.3% | -324.0% | ||
| Q2 24 | 7.8% | -224.5% | ||
| Q1 24 | 4.6% | -412.4% |
| Q4 25 | 1.2% | 1.8% | ||
| Q3 25 | 2.1% | 11.2% | ||
| Q2 25 | 1.1% | 14.1% | ||
| Q1 25 | 1.6% | 37.2% | ||
| Q4 24 | 0.9% | 21.4% | ||
| Q3 24 | 1.1% | 56.6% | ||
| Q2 24 | 0.7% | 58.9% | ||
| Q1 24 | 0.7% | 63.3% |
| Q4 25 | 0.03× | — | ||
| Q3 25 | 1.37× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 5.22× | — | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 2.60× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMSC
| Equipment And Systems | $56.0M | 75% |
| Megatran | $14.1M | 19% |
| Comtrafo Industria De Transformadores Eletricos SA | $4.6M | 6% |
FCEL
| Other | $30.0M | 55% |
| Electricity Generation | $12.2M | 22% |
| Services | $7.3M | 13% |
| Advanced Technologies | $5.5M | 10% |
