vs

Side-by-side financial comparison of Clean Energy Fuels Corp. (CLNE) and FIRST INDUSTRIAL REALTY TRUST INC (FR). Click either name above to swap in a different company.

FIRST INDUSTRIAL REALTY TRUST INC is the larger business by last-quarter revenue ($194.8M vs $112.3M, roughly 1.7× Clean Energy Fuels Corp.). FIRST INDUSTRIAL REALTY TRUST INC runs the higher net margin — 75.9% vs -38.3%, a 114.2% gap on every dollar of revenue. On growth, FIRST INDUSTRIAL REALTY TRUST INC posted the faster year-over-year revenue change (10.0% vs 2.7%). Over the past eight quarters, FIRST INDUSTRIAL REALTY TRUST INC's revenue compounded faster (8.9% 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...

First Potomac Realty Trust was a real estate investment trust that invested in industrial properties and business parks in the suburbs of the Washington metropolitan area. In 2017, it was acquired by Government Properties Income Trust.

CLNE vs FR — Head-to-Head

Bigger by revenue
FR
FR
1.7× larger
FR
$194.8M
$112.3M
CLNE
Growing faster (revenue YoY)
FR
FR
+7.3% gap
FR
10.0%
2.7%
CLNE
Higher net margin
FR
FR
114.2% more per $
FR
75.9%
-38.3%
CLNE
Faster 2-yr revenue CAGR
FR
FR
Annualised
FR
8.9%
4.1%
CLNE

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CLNE
CLNE
FR
FR
Revenue
$112.3M
$194.8M
Net Profit
$-43.0M
$147.9M
Gross Margin
Operating Margin
-9.5%
Net Margin
-38.3%
75.9%
Revenue YoY
2.7%
10.0%
Net Profit YoY
-42.6%
179.7%
EPS (diluted)
$-0.21
$1.08

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
FR
FR
Q1 26
$194.8M
Q4 25
$112.3M
$188.4M
Q3 25
$106.1M
$181.4M
Q2 25
$102.6M
$180.2M
Q1 25
$103.8M
$177.1M
Q4 24
$109.3M
$175.6M
Q3 24
$104.9M
$167.6M
Q2 24
$98.0M
$164.1M
Net Profit
CLNE
CLNE
FR
FR
Q1 26
$147.9M
Q4 25
$-43.0M
$78.8M
Q3 25
$-23.8M
$65.3M
Q2 25
$-20.2M
$55.2M
Q1 25
$-135.0M
$48.1M
Q4 24
$-30.2M
$68.4M
Q3 24
$-18.2M
$99.4M
Q2 24
$-16.3M
$51.3M
Operating Margin
CLNE
CLNE
FR
FR
Q1 26
Q4 25
-9.5%
34.6%
Q3 25
-12.8%
37.0%
Q2 25
-9.0%
31.7%
Q1 25
-121.7%
31.2%
Q4 24
-11.8%
40.1%
Q3 24
-8.1%
62.6%
Q2 24
-5.7%
31.8%
Net Margin
CLNE
CLNE
FR
FR
Q1 26
75.9%
Q4 25
-38.3%
41.8%
Q3 25
-22.4%
36.0%
Q2 25
-19.7%
30.6%
Q1 25
-130.1%
27.2%
Q4 24
-27.6%
39.0%
Q3 24
-17.3%
59.3%
Q2 24
-16.6%
31.3%
EPS (diluted)
CLNE
CLNE
FR
FR
Q1 26
$1.08
Q4 25
$-0.21
$0.60
Q3 25
$-0.11
$0.49
Q2 25
$-0.09
$0.42
Q1 25
$-0.60
$0.36
Q4 24
$-0.14
$0.51
Q3 24
$-0.08
$0.75
Q2 24
$-0.07
$0.39

Balance Sheet & Financial Strength

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

Metric
CLNE
CLNE
FR
FR
Cash + ST InvestmentsLiquidity on hand
$156.1M
Total DebtLower is stronger
$226.8M
Stockholders' EquityBook value
$559.4M
$2.9B
Total Assets
$1.1B
$5.8B
Debt / EquityLower = less leverage
0.41×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLNE
CLNE
FR
FR
Q1 26
Q4 25
$156.1M
$78.0M
Q3 25
$232.2M
$33.5M
Q2 25
$240.8M
$34.9M
Q1 25
$226.6M
$35.7M
Q4 24
$217.5M
$44.5M
Q3 24
$243.5M
$47.1M
Q2 24
$249.3M
$38.5M
Total Debt
CLNE
CLNE
FR
FR
Q1 26
Q4 25
$226.8M
Q3 25
$284.3M
Q2 25
$277.9M
Q1 25
$271.6M
Q4 24
$265.4M
Q3 24
$264.1M
Q2 24
$263.0M
Stockholders' Equity
CLNE
CLNE
FR
FR
Q1 26
$2.9B
Q4 25
$559.4M
$2.7B
Q3 25
$585.2M
$2.7B
Q2 25
$590.8M
$2.6B
Q1 25
$596.7M
$2.7B
Q4 24
$713.3M
$2.7B
Q3 24
$724.8M
$2.6B
Q2 24
$723.0M
$2.6B
Total Assets
CLNE
CLNE
FR
FR
Q1 26
$5.8B
Q4 25
$1.1B
$5.7B
Q3 25
$1.1B
$5.5B
Q2 25
$1.1B
$5.5B
Q1 25
$1.1B
$5.4B
Q4 24
$1.2B
$5.3B
Q3 24
$1.2B
$5.2B
Q2 24
$1.2B
$5.2B
Debt / Equity
CLNE
CLNE
FR
FR
Q1 26
Q4 25
0.41×
Q3 25
0.49×
Q2 25
0.47×
Q1 25
0.46×
Q4 24
0.37×
Q3 24
0.36×
Q2 24
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
CLNE
CLNE
FR
FR
Operating Cash FlowLast quarter
$13.1M
Free Cash FlowOCF − Capex
$6.5M
FCF MarginFCF / Revenue
5.8%
Capex IntensityCapex / Revenue
5.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$59.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLNE
CLNE
FR
FR
Q1 26
Q4 25
$13.1M
$461.3M
Q3 25
$13.1M
$124.6M
Q2 25
$35.9M
$126.1M
Q1 25
$23.4M
$88.6M
Q4 24
$21.9M
$352.5M
Q3 24
$21.4M
$105.5M
Q2 24
$18.8M
$107.7M
Free Cash Flow
CLNE
CLNE
FR
FR
Q1 26
Q4 25
$6.5M
Q3 25
$6.5M
Q2 25
$30.9M
Q1 25
$15.9M
Q4 24
$10.3M
Q3 24
$42.0K
Q2 24
$4.8M
FCF Margin
CLNE
CLNE
FR
FR
Q1 26
Q4 25
5.8%
Q3 25
6.1%
Q2 25
30.2%
Q1 25
15.4%
Q4 24
9.5%
Q3 24
0.0%
Q2 24
4.9%
Capex Intensity
CLNE
CLNE
FR
FR
Q1 26
Q4 25
5.9%
Q3 25
6.2%
Q2 25
4.8%
Q1 25
7.2%
Q4 24
10.5%
Q3 24
20.3%
Q2 24
14.2%
Cash Conversion
CLNE
CLNE
FR
FR
Q1 26
Q4 25
5.85×
Q3 25
1.91×
Q2 25
2.28×
Q1 25
1.84×
Q4 24
5.15×
Q3 24
1.06×
Q2 24
2.10×

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%

FR
FR

Segment breakdown not available.

Related Comparisons