vs
Side-by-side financial comparison of CAMDEN NATIONAL CORP (CAC) and FUELCELL ENERGY INC (FCEL). Click either name above to swap in a different company.
CAMDEN NATIONAL CORP is the larger business by last-quarter revenue ($64.3M vs $55.0M, roughly 1.2× FUELCELL ENERGY INC). CAMDEN NATIONAL CORP runs the higher net margin — 34.0% vs -54.3%, a 88.3% gap on every dollar of revenue. Over the past eight quarters, FUELCELL ENERGY INC's revenue compounded faster (81.6% CAGR vs 22.6%).
Camden National Bank is a commercial bank headquartered in Camden, Maine, operating as the principal subsidiary of Camden National Corporation, a publicly traded bank holding company. Founded in 1875, the bank became a direct, wholly owned subsidiary of the holding company following a corporate reorganization in 1984. Following the 2025 merger with Northway Financial, the combined institution has approximately $7.0 billion in assets.
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.
CAC vs FCEL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.3M | $55.0M |
| Net Profit | $21.9M | $-29.9M |
| Gross Margin | — | -12.1% |
| Operating Margin | — | -51.5% |
| Net Margin | 34.0% | -54.3% |
| Revenue YoY | — | 11.5% |
| Net Profit YoY | — | 27.9% |
| EPS (diluted) | $1.29 | $-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.
| Q1 26 | $64.3M | — | ||
| Q4 25 | $68.1M | $55.0M | ||
| Q3 25 | $65.4M | $46.7M | ||
| Q2 25 | $62.3M | $37.4M | ||
| Q1 25 | $60.1M | $19.0M | ||
| Q4 24 | $47.6M | $49.3M | ||
| Q3 24 | $45.0M | $23.7M | ||
| Q2 24 | $42.8M | $22.4M |
| Q1 26 | $21.9M | — | ||
| Q4 25 | $22.6M | $-29.9M | ||
| Q3 25 | $21.2M | $-91.7M | ||
| Q2 25 | $14.1M | $-38.0M | ||
| Q1 25 | $7.3M | $-28.3M | ||
| Q4 24 | $14.7M | $-41.4M | ||
| Q3 24 | $13.1M | $-32.7M | ||
| Q2 24 | $12.0M | $-32.1M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 41.5% | -51.5% | ||
| Q3 25 | 40.5% | -204.0% | ||
| Q2 25 | 28.5% | -95.7% | ||
| Q1 25 | 10.3% | -172.9% | ||
| Q4 24 | 38.7% | -83.2% | ||
| Q3 24 | 35.2% | -141.9% | ||
| Q2 24 | 34.7% | -184.5% |
| Q1 26 | 34.0% | — | ||
| Q4 25 | 33.1% | -54.3% | ||
| Q3 25 | 32.4% | -196.1% | ||
| Q2 25 | 22.6% | -101.7% | ||
| Q1 25 | 12.2% | -149.1% | ||
| Q4 24 | 30.8% | -84.0% | ||
| Q3 24 | 29.1% | -137.8% | ||
| Q2 24 | 28.0% | -143.4% |
| Q1 26 | $1.29 | — | ||
| Q4 25 | $1.33 | $-0.43 | ||
| Q3 25 | $1.25 | $-3.78 | ||
| Q2 25 | $0.83 | $-1.79 | ||
| Q1 25 | $0.43 | $-1.42 | ||
| Q4 24 | $1.00 | $-2.29 | ||
| Q3 24 | $0.90 | $-1.99 | ||
| Q2 24 | $0.81 | $-2.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $278.1M |
| Total DebtLower is stronger | $514.4M | $103.8M |
| Stockholders' EquityBook value | $710.0M | $662.2M |
| Total Assets | $7.0B | $932.1M |
| Debt / EquityLower = less leverage | 0.72× | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $278.1M | ||
| Q3 25 | — | $174.7M | ||
| Q2 25 | — | $177.0M | ||
| Q1 25 | — | $208.4M | ||
| Q4 24 | — | $257.3M | ||
| Q3 24 | — | $267.2M | ||
| Q2 24 | — | $260.1M |
| Q1 26 | $514.4M | — | ||
| 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 26 | $710.0M | — | ||
| Q4 25 | $696.6M | $662.2M | ||
| Q3 25 | $676.4M | $556.2M | ||
| Q2 25 | $652.1M | $609.2M | ||
| Q1 25 | $640.1M | $635.2M | ||
| Q4 24 | $531.2M | $656.9M | ||
| Q3 24 | $529.9M | $675.8M | ||
| Q2 24 | $508.3M | $639.8M |
| Q1 26 | $7.0B | — | ||
| Q4 25 | $7.0B | $932.1M | ||
| Q3 25 | $7.0B | $830.5M | ||
| Q2 25 | $6.9B | $883.8M | ||
| Q1 25 | $7.0B | $907.5M | ||
| Q4 24 | $5.8B | $944.1M | ||
| Q3 24 | $5.7B | $948.9M | ||
| Q2 24 | $5.7B | $916.8M |
| Q1 26 | 0.72× | — | ||
| 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× |
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 | — | $-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.
| Q1 26 | — | — | ||
| Q4 25 | $63.9M | $-22.9M | ||
| Q3 25 | $36.1M | $-26.8M | ||
| Q2 25 | $6.0M | $-29.9M | ||
| Q1 25 | $1.0M | $-45.7M | ||
| Q4 24 | $60.9M | $5.8M | ||
| Q3 24 | $-14.5M | $-63.4M | ||
| Q2 24 | $14.5M | $-37.1M |
| Q1 26 | — | — | ||
| Q4 25 | $58.2M | $-23.9M | ||
| Q3 25 | $35.4M | $-32.1M | ||
| Q2 25 | $4.5M | $-35.2M | ||
| Q1 25 | $-727.0K | $-52.8M | ||
| Q4 24 | $55.4M | $-4.7M | ||
| Q3 24 | $-16.2M | $-76.8M | ||
| Q2 24 | $13.2M | $-50.3M |
| Q1 26 | — | — | ||
| Q4 25 | 85.5% | -43.4% | ||
| Q3 25 | 54.1% | -68.6% | ||
| Q2 25 | 7.3% | -94.0% | ||
| Q1 25 | -1.2% | -277.8% | ||
| Q4 24 | 116.4% | -9.5% | ||
| Q3 24 | -36.0% | -324.0% | ||
| Q2 24 | 30.8% | -224.5% |
| Q1 26 | — | — | ||
| Q4 25 | 8.4% | 1.8% | ||
| Q3 25 | 1.1% | 11.2% | ||
| Q2 25 | 2.4% | 14.1% | ||
| Q1 25 | 2.9% | 37.2% | ||
| Q4 24 | 11.7% | 21.4% | ||
| Q3 24 | 3.8% | 56.6% | ||
| Q2 24 | 3.0% | 58.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.83× | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 4.15× | — | ||
| Q3 24 | -1.11× | — | ||
| Q2 24 | 1.21× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CAC
| Net Interest Income | $52.4M | 81% |
| Noninterest Income | $12.0M | 19% |
FCEL
| Other | $30.0M | 55% |
| Electricity Generation | $12.2M | 22% |
| Services | $7.3M | 13% |
| Advanced Technologies | $5.5M | 10% |
