vs
Side-by-side financial comparison of AMPCO PITTSBURGH CORP (AP) and FUELCELL ENERGY INC (FCEL). Click either name above to swap in a different company.
AMPCO PITTSBURGH CORP is the larger business by last-quarter revenue ($104.4M vs $55.0M, roughly 1.9× FUELCELL ENERGY INC). FUELCELL ENERGY INC runs the higher net margin — -54.3% vs -55.2%, a 1.0% gap on every dollar of revenue. On growth, FUELCELL ENERGY INC posted the faster year-over-year revenue change (11.5% vs 11.5%). AMPCO PITTSBURGH CORP produced more free cash flow last quarter ($-64.0K vs $-23.9M). Over the past eight quarters, FUELCELL ENERGY INC's revenue compounded faster (81.6% CAGR vs -2.6%).
Ampco-Pittsburgh Corporation is a specialty steel manufacturer headquartered in Downtown Pittsburgh, Pennsylvania. It is one of several companies to bear the Ampco name, and it should not be confused with the Milwaukee-based copper base alloy producer, Ampco Metal Inc.; the Miami-based cabinetry company; the Swiss aluminum corporation; or the Dallas-based tool company. Ampco was formed in 1929 and is a conglomerate made up of several previously established small steel makers. Five small compa...
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.
AP vs FCEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.4M | $55.0M |
| Net Profit | $-57.7M | $-29.9M |
| Gross Margin | — | -12.1% |
| Operating Margin | -54.0% | -51.5% |
| Net Margin | -55.2% | -54.3% |
| Revenue YoY | 11.5% | 11.5% |
| Net Profit YoY | -1958.9% | 27.9% |
| EPS (diluted) | $-2.87 | $-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 | $104.4M | $55.0M | ||
| Q3 25 | $103.7M | $46.7M | ||
| Q2 25 | $108.9M | $37.4M | ||
| Q1 25 | $99.2M | $19.0M | ||
| Q4 24 | $93.6M | $49.3M | ||
| Q3 24 | $92.1M | $23.7M | ||
| Q2 24 | $107.1M | $22.4M | ||
| Q1 24 | $110.0M | $16.7M |
| Q4 25 | $-57.7M | $-29.9M | ||
| Q3 25 | $-2.2M | $-91.7M | ||
| Q2 25 | $-7.3M | $-38.0M | ||
| Q1 25 | $1.1M | $-28.3M | ||
| Q4 24 | $3.1M | $-41.4M | ||
| Q3 24 | $-2.0M | $-32.7M | ||
| Q2 24 | $2.0M | $-32.1M | ||
| Q1 24 | $-2.7M | $-19.8M |
| 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% |
| Q4 25 | -54.0% | -51.5% | ||
| Q3 25 | 1.1% | -204.0% | ||
| Q2 25 | -2.8% | -95.7% | ||
| Q1 25 | 3.9% | -172.9% | ||
| Q4 24 | 5.5% | -83.2% | ||
| Q3 24 | 2.0% | -141.9% | ||
| Q2 24 | 4.7% | -184.5% | ||
| Q1 24 | 0.1% | -254.5% |
| Q4 25 | -55.2% | -54.3% | ||
| Q3 25 | -2.1% | -196.1% | ||
| Q2 25 | -6.7% | -101.7% | ||
| Q1 25 | 1.2% | -149.1% | ||
| Q4 24 | 3.3% | -84.0% | ||
| Q3 24 | -2.1% | -137.8% | ||
| Q2 24 | 1.9% | -143.4% | ||
| Q1 24 | -2.5% | -118.6% |
| Q4 25 | $-2.87 | $-0.43 | ||
| Q3 25 | $-0.11 | $-3.78 | ||
| Q2 25 | $-0.36 | $-1.79 | ||
| Q1 25 | $0.06 | $-1.42 | ||
| Q4 24 | $0.16 | $-2.29 | ||
| Q3 24 | $-0.10 | $-1.99 | ||
| Q2 24 | $0.10 | $-2.18 | ||
| Q1 24 | $-0.14 | $-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 | $10.7M | $278.1M |
| Total DebtLower is stronger | $117.9M | $103.8M |
| Stockholders' EquityBook value | $32.6M | $662.2M |
| Total Assets | $495.4M | $932.1M |
| Debt / EquityLower = less leverage | 3.61× | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.7M | $278.1M | ||
| Q3 25 | $15.0M | $174.7M | ||
| Q2 25 | $9.9M | $177.0M | ||
| Q1 25 | $7.1M | $208.4M | ||
| Q4 24 | $15.4M | $257.3M | ||
| Q3 24 | $11.8M | $267.2M | ||
| Q2 24 | $7.9M | $260.1M | ||
| Q1 24 | $10.8M | $297.5M |
| Q4 25 | $117.9M | $103.8M | ||
| Q3 25 | $119.0M | $106.4M | ||
| Q2 25 | $115.9M | $109.4M | ||
| Q1 25 | $115.0M | $112.3M | ||
| Q4 24 | $116.4M | $115.7M | ||
| Q3 24 | $116.0M | $112.7M | ||
| Q2 24 | $119.4M | $116.2M | ||
| Q1 24 | $116.2M | $107.2M |
| Q4 25 | $32.6M | $662.2M | ||
| Q3 25 | $60.1M | $556.2M | ||
| Q2 25 | $62.7M | $609.2M | ||
| Q1 25 | $64.6M | $635.2M | ||
| Q4 24 | $58.9M | $656.9M | ||
| Q3 24 | $61.3M | $675.8M | ||
| Q2 24 | $58.0M | $639.8M | ||
| Q1 24 | $56.3M | $663.9M |
| Q4 25 | $495.4M | $932.1M | ||
| Q3 25 | $524.4M | $830.5M | ||
| Q2 25 | $537.2M | $883.8M | ||
| Q1 25 | $536.2M | $907.5M | ||
| Q4 24 | $530.9M | $944.1M | ||
| Q3 24 | $547.4M | $948.9M | ||
| Q2 24 | $560.8M | $916.8M | ||
| Q1 24 | $565.8M | $923.2M |
| Q4 25 | 3.61× | 0.16× | ||
| Q3 25 | 1.98× | 0.19× | ||
| Q2 25 | 1.85× | 0.18× | ||
| Q1 25 | 1.78× | 0.18× | ||
| Q4 24 | 1.98× | 0.18× | ||
| Q3 24 | 1.89× | 0.17× | ||
| Q2 24 | 2.06× | 0.18× | ||
| Q1 24 | 2.06× | 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 | $2.7M | $-22.9M |
| Free Cash FlowOCF − Capex | $-64.0K | $-23.9M |
| FCF MarginFCF / Revenue | -0.1% | -43.4% |
| Capex IntensityCapex / Revenue | 2.7% | 1.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-8.1M | $-143.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.7M | $-22.9M | ||
| Q3 25 | $6.3M | $-26.8M | ||
| Q2 25 | $-2.3M | $-29.9M | ||
| Q1 25 | $-5.3M | $-45.7M | ||
| Q4 24 | $7.5M | $5.8M | ||
| Q3 24 | $11.4M | $-63.4M | ||
| Q2 24 | $-5.3M | $-37.1M | ||
| Q1 24 | $4.5M | $-58.3M |
| Q4 25 | $-64.0K | $-23.9M | ||
| Q3 25 | $3.3M | $-32.1M | ||
| Q2 25 | $-3.8M | $-35.2M | ||
| Q1 25 | $-7.5M | $-52.8M | ||
| Q4 24 | $3.7M | $-4.7M | ||
| Q3 24 | $8.4M | $-76.8M | ||
| Q2 24 | $-8.0M | $-50.3M | ||
| Q1 24 | $1.7M | $-68.8M |
| Q4 25 | -0.1% | -43.4% | ||
| Q3 25 | 3.2% | -68.6% | ||
| Q2 25 | -3.5% | -94.0% | ||
| Q1 25 | -7.5% | -277.8% | ||
| Q4 24 | 4.0% | -9.5% | ||
| Q3 24 | 9.1% | -324.0% | ||
| Q2 24 | -7.5% | -224.5% | ||
| Q1 24 | 1.5% | -412.4% |
| Q4 25 | 2.7% | 1.8% | ||
| Q3 25 | 2.9% | 11.2% | ||
| Q2 25 | 1.3% | 14.1% | ||
| Q1 25 | 2.2% | 37.2% | ||
| Q4 24 | 4.0% | 21.4% | ||
| Q3 24 | 3.2% | 56.6% | ||
| Q2 24 | 2.5% | 58.9% | ||
| Q1 24 | 2.6% | 63.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -4.62× | — | ||
| Q4 24 | 2.40× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -2.64× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AP
| Forged And Cast Mill Rolls | $67.0M | 64% |
| Air Handling Systems | $14.3M | 14% |
| Heat Exchange Coils | $13.1M | 13% |
| Centrifugal Pumps | $10.3M | 10% |
| Forged Engineered Products | $4.0M | 4% |
FCEL
| Other | $30.0M | 55% |
| Electricity Generation | $12.2M | 22% |
| Services | $7.3M | 13% |
| Advanced Technologies | $5.5M | 10% |
