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Side-by-side financial comparison of Clean Energy Fuels Corp. (CLNE) and indie Semiconductor, Inc. (INDI). 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 $55.5M, roughly 36.5× indie Semiconductor, Inc.). On growth, indie Semiconductor, Inc. posted the faster year-over-year revenue change (2.6% vs -0.0%). Over the past eight quarters, Clean Energy Fuels Corp.'s revenue compounded faster (354.7% CAGR vs 2.9%).

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...

indie Semiconductor is a fabless semiconductor manufacturer focused on designing high-performance mixed-signal and embedded system-on-chip solutions for the automotive industry. Its products support advanced driver assistance systems, in-vehicle infotainment, connected car, and electric vehicle applications, serving global auto OEMs and tier 1 suppliers across major global markets.

CLNE vs INDI — Head-to-Head

Bigger by revenue
CLNE
CLNE
36.5× larger
CLNE
$2.0B
$55.5M
INDI
Growing faster (revenue YoY)
INDI
INDI
+2.6% gap
INDI
2.6%
-0.0%
CLNE
Faster 2-yr revenue CAGR
CLNE
CLNE
Annualised
CLNE
354.7%
2.9%
INDI

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CLNE
CLNE
INDI
INDI
Revenue
$2.0B
$55.5M
Net Profit
$-135.0M
Gross Margin
38.0%
Operating Margin
88.6%
-70.1%
Net Margin
-6.7%
Revenue YoY
-0.0%
2.6%
Net Profit YoY
EPS (diluted)

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
INDI
INDI
Q1 26
$2.0B
$55.5M
Q4 25
$112.3M
$58.0M
Q3 25
$106.1M
$53.7M
Q2 25
$102.6M
$51.6M
Q1 25
$103.8M
$54.1M
Q4 24
$109.3M
$58.0M
Q3 24
$104.9M
$54.0M
Q2 24
$98.0M
$52.4M
Net Profit
CLNE
CLNE
INDI
INDI
Q1 26
$-135.0M
Q4 25
$-43.0M
$-31.2M
Q3 25
$-23.8M
$-38.3M
Q2 25
$-20.2M
$-39.0M
Q1 25
$-135.0M
$-34.5M
Q4 24
$-30.2M
$-34.4M
Q3 24
$-18.2M
$-49.7M
Q2 24
$-16.3M
$-19.2M
Gross Margin
CLNE
CLNE
INDI
INDI
Q1 26
38.0%
Q4 25
37.3%
Q3 25
40.1%
Q2 25
40.6%
Q1 25
41.7%
Q4 24
42.6%
Q3 24
39.3%
Q2 24
42.2%
Operating Margin
CLNE
CLNE
INDI
INDI
Q1 26
88.6%
-70.1%
Q4 25
-9.5%
-58.5%
Q3 25
-12.8%
-71.4%
Q2 25
-9.0%
-83.3%
Q1 25
-121.7%
-72.0%
Q4 24
-11.8%
-58.4%
Q3 24
-8.1%
-92.5%
Q2 24
-5.7%
-70.0%
Net Margin
CLNE
CLNE
INDI
INDI
Q1 26
-6.7%
Q4 25
-38.3%
-53.8%
Q3 25
-22.4%
-71.3%
Q2 25
-19.7%
-75.6%
Q1 25
-130.1%
-63.9%
Q4 24
-27.6%
-59.2%
Q3 24
-17.3%
-92.1%
Q2 24
-16.6%
-36.6%
EPS (diluted)
CLNE
CLNE
INDI
INDI
Q1 26
Q4 25
$-0.21
$-0.16
Q3 25
$-0.11
$-0.19
Q2 25
$-0.09
$-0.20
Q1 25
$-0.60
$-0.18
Q4 24
$-0.14
$-0.18
Q3 24
$-0.08
$-0.28
Q2 24
$-0.07
$-0.11

Balance Sheet & Financial Strength

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

Metric
CLNE
CLNE
INDI
INDI
Cash + ST InvestmentsLiquidity on hand
$552.0K
$174.4M
Total DebtLower is stronger
$52.0K
$402.8M
Stockholders' EquityBook value
$565.1M
$348.9M
Total Assets
$1.1B
$869.6M
Debt / EquityLower = less leverage
0.00×
1.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLNE
CLNE
INDI
INDI
Q1 26
$552.0K
$174.4M
Q4 25
$156.1M
$145.5M
Q3 25
$232.2M
$160.9M
Q2 25
$240.8M
$192.6M
Q1 25
$226.6M
$236.6M
Q4 24
$217.5M
$274.2M
Q3 24
$243.5M
$96.9M
Q2 24
$249.3M
$112.3M
Total Debt
CLNE
CLNE
INDI
INDI
Q1 26
$52.0K
$402.8M
Q4 25
$226.8M
$353.4M
Q3 25
$284.3M
$353.5M
Q2 25
$277.9M
$352.5M
Q1 25
$271.6M
$379.0M
Q4 24
$265.4M
$381.3M
Q3 24
$264.1M
Q2 24
$263.0M
Stockholders' Equity
CLNE
CLNE
INDI
INDI
Q1 26
$565.1M
$348.9M
Q4 25
$559.4M
$358.0M
Q3 25
$585.2M
$369.2M
Q2 25
$590.8M
$390.4M
Q1 25
$596.7M
$405.6M
Q4 24
$713.3M
$417.9M
Q3 24
$724.8M
$458.6M
Q2 24
$723.0M
$470.7M
Total Assets
CLNE
CLNE
INDI
INDI
Q1 26
$1.1B
$869.6M
Q4 25
$1.1B
$840.8M
Q3 25
$1.1B
$855.1M
Q2 25
$1.1B
$867.6M
Q1 25
$1.1B
$909.0M
Q4 24
$1.2B
$941.4M
Q3 24
$1.2B
$797.5M
Q2 24
$1.2B
$797.3M
Debt / Equity
CLNE
CLNE
INDI
INDI
Q1 26
0.00×
1.15×
Q4 25
0.41×
0.99×
Q3 25
0.49×
0.96×
Q2 25
0.47×
0.90×
Q1 25
0.46×
0.93×
Q4 24
0.37×
0.91×
Q3 24
0.36×
Q2 24
0.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLNE
CLNE

Segment breakdown not available.

INDI
INDI

Product revenue$51.6M93%
Contract revenue$3.9M7%

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