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Side-by-side financial comparison of Black Rock Coffee Bar, Inc. (BRCB) 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 $51.5M, roughly 1.1× Black Rock Coffee Bar, Inc.). Black Rock Coffee Bar, Inc. runs the higher net margin — -1.4% vs -54.3%, a 52.9% gap on every dollar of revenue. FUELCELL ENERGY INC produced more free cash flow last quarter ($-23.9M vs $-25.8M).

Black Rock Coffee Bar, Inc. is a U.S.-based specialty coffee retail chain that offers handcrafted premium coffee beverages, energy drinks, baked goods, and light snacks. It operates in-store and drive-thru locations primarily across western U.S. states, prioritizing high-quality customizable products and community-focused consumer experiences.

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.

BRCB vs FCEL — Head-to-Head

Bigger by revenue
FCEL
FCEL
1.1× larger
FCEL
$55.0M
$51.5M
BRCB
Higher net margin
BRCB
BRCB
52.9% more per $
BRCB
-1.4%
-54.3%
FCEL
More free cash flow
FCEL
FCEL
$2.0M more FCF
FCEL
$-23.9M
$-25.8M
BRCB

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BRCB
BRCB
FCEL
FCEL
Revenue
$51.5M
$55.0M
Net Profit
$-712.0K
$-29.9M
Gross Margin
-12.1%
Operating Margin
-12.4%
-51.5%
Net Margin
-1.4%
-54.3%
Revenue YoY
11.5%
Net Profit YoY
27.9%
EPS (diluted)
$-0.05
$-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
BRCB
BRCB
FCEL
FCEL
Q4 25
$55.0M
Q3 25
$51.5M
$46.7M
Q2 25
$37.4M
Q1 25
$19.0M
Q4 24
$49.3M
Q3 24
$23.7M
Q2 24
$22.4M
Q1 24
$16.7M
Net Profit
BRCB
BRCB
FCEL
FCEL
Q4 25
$-29.9M
Q3 25
$-712.0K
$-91.7M
Q2 25
$-38.0M
Q1 25
$-28.3M
Q4 24
$-41.4M
Q3 24
$-32.7M
Q2 24
$-32.1M
Q1 24
$-19.8M
Gross Margin
BRCB
BRCB
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
BRCB
BRCB
FCEL
FCEL
Q4 25
-51.5%
Q3 25
-12.4%
-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
BRCB
BRCB
FCEL
FCEL
Q4 25
-54.3%
Q3 25
-1.4%
-196.1%
Q2 25
-101.7%
Q1 25
-149.1%
Q4 24
-84.0%
Q3 24
-137.8%
Q2 24
-143.4%
Q1 24
-118.6%
EPS (diluted)
BRCB
BRCB
FCEL
FCEL
Q4 25
$-0.43
Q3 25
$-0.05
$-3.78
Q2 25
$-1.79
Q1 25
$-1.42
Q4 24
$-2.29
Q3 24
$-1.99
Q2 24
$-2.18
Q1 24
$-1.37

Balance Sheet & Financial Strength

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

Metric
BRCB
BRCB
FCEL
FCEL
Cash + ST InvestmentsLiquidity on hand
$32.6M
$278.1M
Total DebtLower is stronger
$20.0M
$103.8M
Stockholders' EquityBook value
$43.0M
$662.2M
Total Assets
$323.2M
$932.1M
Debt / EquityLower = less leverage
0.46×
0.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRCB
BRCB
FCEL
FCEL
Q4 25
$278.1M
Q3 25
$32.6M
$174.7M
Q2 25
$177.0M
Q1 25
$208.4M
Q4 24
$257.3M
Q3 24
$267.2M
Q2 24
$260.1M
Q1 24
$297.5M
Total Debt
BRCB
BRCB
FCEL
FCEL
Q4 25
$103.8M
Q3 25
$20.0M
$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
BRCB
BRCB
FCEL
FCEL
Q4 25
$662.2M
Q3 25
$43.0M
$556.2M
Q2 25
$609.2M
Q1 25
$635.2M
Q4 24
$656.9M
Q3 24
$675.8M
Q2 24
$639.8M
Q1 24
$663.9M
Total Assets
BRCB
BRCB
FCEL
FCEL
Q4 25
$932.1M
Q3 25
$323.2M
$830.5M
Q2 25
$883.8M
Q1 25
$907.5M
Q4 24
$944.1M
Q3 24
$948.9M
Q2 24
$916.8M
Q1 24
$923.2M
Debt / Equity
BRCB
BRCB
FCEL
FCEL
Q4 25
0.16×
Q3 25
0.46×
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
BRCB
BRCB
FCEL
FCEL
Operating Cash FlowLast quarter
$-2.9M
$-22.9M
Free Cash FlowOCF − Capex
$-25.8M
$-23.9M
FCF MarginFCF / Revenue
-50.2%
-43.4%
Capex IntensityCapex / Revenue
44.5%
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
BRCB
BRCB
FCEL
FCEL
Q4 25
$-22.9M
Q3 25
$-2.9M
$-26.8M
Q2 25
$-29.9M
Q1 25
$-45.7M
Q4 24
$5.8M
Q3 24
$-63.4M
Q2 24
$-37.1M
Q1 24
$-58.3M
Free Cash Flow
BRCB
BRCB
FCEL
FCEL
Q4 25
$-23.9M
Q3 25
$-25.8M
$-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
BRCB
BRCB
FCEL
FCEL
Q4 25
-43.4%
Q3 25
-50.2%
-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
BRCB
BRCB
FCEL
FCEL
Q4 25
1.8%
Q3 25
44.5%
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%

Financial Flow Comparison

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

Revenue Breakdown by Segment

BRCB
BRCB

Segment breakdown not available.

FCEL
FCEL

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

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