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Side-by-side financial comparison of Clean Energy Fuels Corp. (CLNE) and Evolus, Inc. (EOLS). Click either name above to swap in a different company.

Clean Energy Fuels Corp. is the larger business by last-quarter revenue ($112.3M vs $90.3M, roughly 1.2× Evolus, Inc.). Evolus, Inc. runs the higher net margin — 0.1% vs -38.3%, a 38.4% gap on every dollar of revenue. On growth, Evolus, Inc. posted the faster year-over-year revenue change (14.4% vs 2.7%). Evolus, Inc. produced more free cash flow last quarter ($11.3M vs $6.5M). Over the past eight quarters, Evolus, Inc.'s revenue compounded faster (23.4% CAGR vs 4.1%).

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...

Evolus, Inc. is a medical aesthetics company focused on developing and commercializing non-surgical cosmetic treatment solutions. Its flagship product is a prescription neuromodulator designed to reduce moderate to severe glabellar frown lines, serving licensed aesthetic healthcare providers and consumers across North America, Europe, and key Asia-Pacific regional markets.

CLNE vs EOLS — Head-to-Head

Bigger by revenue
CLNE
CLNE
1.2× larger
CLNE
$112.3M
$90.3M
EOLS
Growing faster (revenue YoY)
EOLS
EOLS
+11.6% gap
EOLS
14.4%
2.7%
CLNE
Higher net margin
EOLS
EOLS
38.4% more per $
EOLS
0.1%
-38.3%
CLNE
More free cash flow
EOLS
EOLS
$4.8M more FCF
EOLS
$11.3M
$6.5M
CLNE
Faster 2-yr revenue CAGR
EOLS
EOLS
Annualised
EOLS
23.4%
4.1%
CLNE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CLNE
CLNE
EOLS
EOLS
Revenue
$112.3M
$90.3M
Net Profit
$-43.0M
$130.0K
Gross Margin
65.7%
Operating Margin
-9.5%
4.7%
Net Margin
-38.3%
0.1%
Revenue YoY
2.7%
14.4%
Net Profit YoY
-42.6%
101.9%
EPS (diluted)
$-0.21
$0.01

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
CLNE
CLNE
EOLS
EOLS
Q4 25
$112.3M
$90.3M
Q3 25
$106.1M
$69.0M
Q2 25
$102.6M
$69.4M
Q1 25
$103.8M
$68.5M
Q4 24
$109.3M
$78.9M
Q3 24
$104.9M
$61.1M
Q2 24
$98.0M
$66.9M
Q1 24
$103.7M
$59.3M
Net Profit
CLNE
CLNE
EOLS
EOLS
Q4 25
$-43.0M
$130.0K
Q3 25
$-23.8M
$-15.7M
Q2 25
$-20.2M
$-17.1M
Q1 25
$-135.0M
$-18.9M
Q4 24
$-30.2M
$-6.8M
Q3 24
$-18.2M
$-19.2M
Q2 24
$-16.3M
$-11.3M
Q1 24
$-18.4M
$-13.1M
Gross Margin
CLNE
CLNE
EOLS
EOLS
Q4 25
65.7%
Q3 25
66.5%
Q2 25
65.3%
Q1 25
68.1%
Q4 24
66.7%
Q3 24
68.9%
Q2 24
70.3%
Q1 24
68.3%
Operating Margin
CLNE
CLNE
EOLS
EOLS
Q4 25
-9.5%
4.7%
Q3 25
-12.8%
-16.7%
Q2 25
-9.0%
-14.7%
Q1 25
-121.7%
-22.1%
Q4 24
-11.8%
-2.9%
Q3 24
-8.1%
-25.3%
Q2 24
-5.7%
-11.5%
Q1 24
-9.0%
-15.0%
Net Margin
CLNE
CLNE
EOLS
EOLS
Q4 25
-38.3%
0.1%
Q3 25
-22.4%
-22.8%
Q2 25
-19.7%
-24.7%
Q1 25
-130.1%
-27.6%
Q4 24
-27.6%
-8.6%
Q3 24
-17.3%
-31.4%
Q2 24
-16.6%
-17.0%
Q1 24
-17.8%
-22.1%
EPS (diluted)
CLNE
CLNE
EOLS
EOLS
Q4 25
$-0.21
$0.01
Q3 25
$-0.11
$-0.24
Q2 25
$-0.09
$-0.27
Q1 25
$-0.60
$-0.30
Q4 24
$-0.14
$-0.11
Q3 24
$-0.08
$-0.30
Q2 24
$-0.07
$-0.18
Q1 24
$-0.08
$-0.22

Balance Sheet & Financial Strength

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

Metric
CLNE
CLNE
EOLS
EOLS
Cash + ST InvestmentsLiquidity on hand
$156.1M
$53.8M
Total DebtLower is stronger
$226.8M
$146.1M
Stockholders' EquityBook value
$559.4M
$-23.1M
Total Assets
$1.1B
$225.9M
Debt / EquityLower = less leverage
0.41×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLNE
CLNE
EOLS
EOLS
Q4 25
$156.1M
$53.8M
Q3 25
$232.2M
$43.5M
Q2 25
$240.8M
$61.7M
Q1 25
$226.6M
$67.9M
Q4 24
$217.5M
$87.0M
Q3 24
$243.5M
$85.0M
Q2 24
$249.3M
$93.7M
Q1 24
$248.9M
$97.0M
Total Debt
CLNE
CLNE
EOLS
EOLS
Q4 25
$226.8M
$146.1M
Q3 25
$284.3M
Q2 25
$277.9M
Q1 25
$271.6M
$121.8M
Q4 24
$265.4M
$121.5M
Q3 24
$264.1M
$121.2M
Q2 24
$263.0M
$120.9M
Q1 24
$262.0M
$120.6M
Stockholders' Equity
CLNE
CLNE
EOLS
EOLS
Q4 25
$559.4M
$-23.1M
Q3 25
$585.2M
$-28.8M
Q2 25
$590.8M
$-18.7M
Q1 25
$596.7M
$-6.6M
Q4 24
$713.3M
$5.5M
Q3 24
$724.8M
$5.9M
Q2 24
$723.0M
$19.3M
Q1 24
$722.9M
$18.4M
Total Assets
CLNE
CLNE
EOLS
EOLS
Q4 25
$1.1B
$225.9M
Q3 25
$1.1B
$219.0M
Q2 25
$1.1B
$228.8M
Q1 25
$1.1B
$213.4M
Q4 24
$1.2B
$232.6M
Q3 24
$1.2B
$229.6M
Q2 24
$1.2B
$233.8M
Q1 24
$1.2B
$226.2M
Debt / Equity
CLNE
CLNE
EOLS
EOLS
Q4 25
0.41×
Q3 25
0.49×
Q2 25
0.47×
Q1 25
0.46×
Q4 24
0.37×
22.00×
Q3 24
0.36×
20.58×
Q2 24
0.36×
6.26×
Q1 24
0.36×
6.54×

Cash Flow & Capital Efficiency

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

Metric
CLNE
CLNE
EOLS
EOLS
Operating Cash FlowLast quarter
$13.1M
$12.8M
Free Cash FlowOCF − Capex
$6.5M
$11.3M
FCF MarginFCF / Revenue
5.8%
12.6%
Capex IntensityCapex / Revenue
5.9%
1.6%
Cash ConversionOCF / Net Profit
98.67×
TTM Free Cash FlowTrailing 4 quarters
$59.9M
$-45.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLNE
CLNE
EOLS
EOLS
Q4 25
$13.1M
$12.8M
Q3 25
$13.1M
$-14.7M
Q2 25
$35.9M
$-24.8M
Q1 25
$23.4M
$-15.6M
Q4 24
$21.9M
$4.8M
Q3 24
$21.4M
$-5.7M
Q2 24
$18.8M
$-6.5M
Q1 24
$2.6M
$-10.6M
Free Cash Flow
CLNE
CLNE
EOLS
EOLS
Q4 25
$6.5M
$11.3M
Q3 25
$6.5M
$-15.6M
Q2 25
$30.9M
$-25.5M
Q1 25
$15.9M
$-16.0M
Q4 24
$10.3M
$4.4M
Q3 24
$42.0K
$-6.0M
Q2 24
$4.8M
$-6.9M
Q1 24
$-15.6M
$-10.9M
FCF Margin
CLNE
CLNE
EOLS
EOLS
Q4 25
5.8%
12.6%
Q3 25
6.1%
-22.7%
Q2 25
30.2%
-36.7%
Q1 25
15.4%
-23.3%
Q4 24
9.5%
5.5%
Q3 24
0.0%
-9.9%
Q2 24
4.9%
-10.4%
Q1 24
-15.1%
-18.3%
Capex Intensity
CLNE
CLNE
EOLS
EOLS
Q4 25
5.9%
1.6%
Q3 25
6.2%
1.4%
Q2 25
4.8%
1.0%
Q1 25
7.2%
0.5%
Q4 24
10.5%
0.6%
Q3 24
20.3%
0.5%
Q2 24
14.2%
0.7%
Q1 24
17.6%
0.4%
Cash Conversion
CLNE
CLNE
EOLS
EOLS
Q4 25
98.67×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLNE
CLNE

Volume Related Fuel Sales$73.6M66%
Services$15.1M13%
Station Construction Sales$10.7M9%
Volume Related Renewable Identification Number Credits$9.5M8%
Volume Related Low Carbon Fuel Standard Credits$3.4M3%

EOLS
EOLS

Segment breakdown not available.

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