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Side-by-side financial comparison of APi Group Corp (APG) and Clean Energy Fuels Corp. (CLNE). Click either name above to swap in a different company.

Clean Energy Fuels Corp. is the larger business by last-quarter revenue ($2.0B vs $2.0B, roughly 1.0× APi Group Corp). APi Group Corp runs the higher net margin — 2.9% vs -6.7%, a 9.5% gap on every dollar of revenue. On growth, APi Group Corp posted the faster year-over-year revenue change (11.7% vs -0.0%). Over the past eight quarters, Clean Energy Fuels Corp.'s revenue compounded faster (354.7% CAGR vs 7.0%).

X.AI Corp., doing business as xAI, is an American company working in the area of artificial intelligence (AI), social media and technology that is a wholly owned subsidiary of American aerospace company SpaceX. Founded by Elon Musk in 2023, the company's flagship products are the generative AI chatbot named Grok and the social media platform X, the latter of which they acquired in March 2025.

Bloom Energy is an American public company that designs and manufactures solid oxide fuel cells (SOFCs) which independently produce electricity onsite for power generation in data centers, manufacturing, and other commercial sectors. Founded in 2001 and headquartered in San Jose, California; its fuel cell technology generates electricity through a chemical conversion process, which differs from most other power sources reliant on combustion, and can use natural gas, biogas or hydrogen as fuel...

APG vs CLNE — Head-to-Head

Bigger by revenue
CLNE
CLNE
1.0× larger
CLNE
$2.0B
$2.0B
APG
Growing faster (revenue YoY)
APG
APG
+11.7% gap
APG
11.7%
-0.0%
CLNE
Higher net margin
APG
APG
9.5% more per $
APG
2.9%
-6.7%
CLNE
Faster 2-yr revenue CAGR
CLNE
CLNE
Annualised
CLNE
354.7%
7.0%
APG

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
APG
APG
CLNE
CLNE
Revenue
$2.0B
$2.0B
Net Profit
$57.0M
$-135.0M
Gross Margin
31.3%
Operating Margin
5.2%
88.6%
Net Margin
2.9%
-6.7%
Revenue YoY
11.7%
-0.0%
Net Profit YoY
EPS (diluted)
$0.12

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
APG
APG
CLNE
CLNE
Q1 26
$2.0B
$2.0B
Q4 25
$2.1B
$112.3M
Q3 25
$2.1B
$106.1M
Q2 25
$2.0B
$102.6M
Q1 25
$1.7B
$103.8M
Q4 24
$1.9B
$109.3M
Q3 24
$1.8B
$104.9M
Q2 24
$1.7B
$98.0M
Net Profit
APG
APG
CLNE
CLNE
Q1 26
$57.0M
$-135.0M
Q4 25
$97.0M
$-43.0M
Q3 25
$93.0M
$-23.8M
Q2 25
$77.0M
$-20.2M
Q1 25
$35.0M
$-135.0M
Q4 24
$67.0M
$-30.2M
Q3 24
$69.0M
$-18.2M
Q2 24
$69.0M
$-16.3M
Gross Margin
APG
APG
CLNE
CLNE
Q1 26
31.3%
Q4 25
32.0%
Q3 25
31.3%
Q2 25
30.9%
Q1 25
31.5%
Q4 24
30.9%
Q3 24
31.1%
Q2 24
31.4%
Operating Margin
APG
APG
CLNE
CLNE
Q1 26
5.2%
88.6%
Q4 25
7.7%
-9.5%
Q3 25
7.8%
-12.8%
Q2 25
7.2%
-9.0%
Q1 25
4.9%
-121.7%
Q4 24
6.2%
-11.8%
Q3 24
7.8%
-8.1%
Q2 24
7.3%
-5.7%
Net Margin
APG
APG
CLNE
CLNE
Q1 26
2.9%
-6.7%
Q4 25
4.6%
-38.3%
Q3 25
4.5%
-22.4%
Q2 25
3.9%
-19.7%
Q1 25
2.0%
-130.1%
Q4 24
3.6%
-27.6%
Q3 24
3.8%
-17.3%
Q2 24
4.0%
-16.6%
EPS (diluted)
APG
APG
CLNE
CLNE
Q1 26
$0.12
Q4 25
$-1.16
$-0.21
Q3 25
$0.20
$-0.11
Q2 25
$0.16
$-0.09
Q1 25
$0.11
$-0.60
Q4 24
$0.05
$-0.14
Q3 24
$0.23
$-0.08
Q2 24
$0.22
$-0.07

Balance Sheet & Financial Strength

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

Metric
APG
APG
CLNE
CLNE
Cash + ST InvestmentsLiquidity on hand
$645.0M
$552.0K
Total DebtLower is stronger
$2.8B
$52.0K
Stockholders' EquityBook value
$3.5B
$565.1M
Total Assets
$9.0B
$1.1B
Debt / EquityLower = less leverage
0.79×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APG
APG
CLNE
CLNE
Q1 26
$645.0M
$552.0K
Q4 25
$912.0M
$156.1M
Q3 25
$555.0M
$232.2M
Q2 25
$432.0M
$240.8M
Q1 25
$460.0M
$226.6M
Q4 24
$499.0M
$217.5M
Q3 24
$487.0M
$243.5M
Q2 24
$324.0M
$249.3M
Total Debt
APG
APG
CLNE
CLNE
Q1 26
$2.8B
$52.0K
Q4 25
$2.8B
$226.8M
Q3 25
$2.8B
$284.3M
Q2 25
$2.8B
$277.9M
Q1 25
$2.8B
$271.6M
Q4 24
$2.8B
$265.4M
Q3 24
$2.9B
$264.1M
Q2 24
$2.8B
$263.0M
Stockholders' Equity
APG
APG
CLNE
CLNE
Q1 26
$3.5B
$565.1M
Q4 25
$3.4B
$559.4M
Q3 25
$3.3B
$585.2M
Q2 25
$3.2B
$590.8M
Q1 25
$3.0B
$596.7M
Q4 24
$3.0B
$713.3M
Q3 24
$3.0B
$724.8M
Q2 24
$2.8B
$723.0M
Total Assets
APG
APG
CLNE
CLNE
Q1 26
$9.0B
$1.1B
Q4 25
$8.9B
$1.1B
Q3 25
$8.7B
$1.1B
Q2 25
$8.5B
$1.1B
Q1 25
$8.1B
$1.1B
Q4 24
$8.2B
$1.2B
Q3 24
$8.2B
$1.2B
Q2 24
$8.0B
$1.2B
Debt / Equity
APG
APG
CLNE
CLNE
Q1 26
0.79×
0.00×
Q4 25
0.81×
0.41×
Q3 25
0.84×
0.49×
Q2 25
0.87×
0.47×
Q1 25
0.92×
0.46×
Q4 24
0.93×
0.37×
Q3 24
0.96×
0.36×
Q2 24
1.00×
0.36×

Cash Flow & Capital Efficiency

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

Metric
APG
APG
CLNE
CLNE
Operating Cash FlowLast quarter
$85.0M
Free Cash FlowOCF − Capex
$67.0M
FCF MarginFCF / Revenue
3.4%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.49×
TTM Free Cash FlowTrailing 4 quarters
$680.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APG
APG
CLNE
CLNE
Q1 26
$85.0M
Q4 25
$382.0M
$13.1M
Q3 25
$232.0M
$13.1M
Q2 25
$83.0M
$35.9M
Q1 25
$62.0M
$23.4M
Q4 24
$283.0M
$21.9M
Q3 24
$220.0M
$21.4M
Q2 24
$110.0M
$18.8M
Free Cash Flow
APG
APG
CLNE
CLNE
Q1 26
$67.0M
Q4 25
$356.0M
$6.5M
Q3 25
$201.0M
$6.5M
Q2 25
$56.0M
$30.9M
Q1 25
$50.0M
$15.9M
Q4 24
$265.0M
$10.3M
Q3 24
$198.0M
$42.0K
Q2 24
$88.0M
$4.8M
FCF Margin
APG
APG
CLNE
CLNE
Q1 26
3.4%
Q4 25
16.8%
5.8%
Q3 25
9.6%
6.1%
Q2 25
2.8%
30.2%
Q1 25
2.9%
15.4%
Q4 24
14.2%
9.5%
Q3 24
10.8%
0.0%
Q2 24
5.1%
4.9%
Capex Intensity
APG
APG
CLNE
CLNE
Q1 26
Q4 25
1.2%
5.9%
Q3 25
1.5%
6.2%
Q2 25
1.4%
4.8%
Q1 25
0.7%
7.2%
Q4 24
1.0%
10.5%
Q3 24
1.2%
20.3%
Q2 24
1.3%
14.2%
Cash Conversion
APG
APG
CLNE
CLNE
Q1 26
1.49×
Q4 25
3.94×
Q3 25
2.49×
Q2 25
1.08×
Q1 25
1.77×
Q4 24
4.22×
Q3 24
3.19×
Q2 24
1.59×

Financial Flow Comparison

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

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