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Side-by-side financial comparison of Clean Energy Fuels Corp. (CLNE) and M&T Bank (MTB). Click either name above to swap in a different company.

M&T Bank is the larger business by last-quarter revenue ($2.5B vs $2.0B, roughly 1.2× Clean Energy Fuels Corp.). M&T Bank runs the higher net margin — 30.7% vs -6.7%, a 37.3% gap on every dollar of revenue. On growth, M&T Bank posted the faster year-over-year revenue change (3.8% vs -0.0%). Over the past eight quarters, Clean Energy Fuels Corp.'s revenue compounded faster (354.7% CAGR vs 4.6%).

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...

M&T Bank Corporation is an American bank holding company headquartered in Buffalo, New York. It operates 950+ branches in 12 states and Washington D.C. across the Eastern United States, from Maine to Virginia. Until May 1998, the bank's holding company was named First Empire State Corporation.

CLNE vs MTB — Head-to-Head

Bigger by revenue
MTB
MTB
1.2× larger
MTB
$2.5B
$2.0B
CLNE
Growing faster (revenue YoY)
MTB
MTB
+3.8% gap
MTB
3.8%
-0.0%
CLNE
Higher net margin
MTB
MTB
37.3% more per $
MTB
30.7%
-6.7%
CLNE
Faster 2-yr revenue CAGR
CLNE
CLNE
Annualised
CLNE
354.7%
4.6%
MTB

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLNE
CLNE
MTB
MTB
Revenue
$2.0B
$2.5B
Net Profit
$-135.0M
$759.0M
Gross Margin
Operating Margin
88.6%
39.2%
Net Margin
-6.7%
30.7%
Revenue YoY
-0.0%
3.8%
Net Profit YoY
11.5%
EPS (diluted)
$4.62

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
MTB
MTB
Q1 26
$2.0B
Q4 25
$112.3M
$2.5B
Q3 25
$106.1M
$2.5B
Q2 25
$102.6M
$2.4B
Q1 25
$103.8M
$2.3B
Q4 24
$109.3M
$2.4B
Q3 24
$104.9M
$2.3B
Q2 24
$98.0M
$2.3B
Net Profit
CLNE
CLNE
MTB
MTB
Q1 26
$-135.0M
Q4 25
$-43.0M
$759.0M
Q3 25
$-23.8M
$792.0M
Q2 25
$-20.2M
$716.0M
Q1 25
$-135.0M
$584.0M
Q4 24
$-30.2M
$681.0M
Q3 24
$-18.2M
$721.0M
Q2 24
$-16.3M
$655.0M
Operating Margin
CLNE
CLNE
MTB
MTB
Q1 26
88.6%
Q4 25
-9.5%
39.2%
Q3 25
-12.8%
40.8%
Q2 25
-9.0%
39.0%
Q1 25
-121.7%
33.0%
Q4 24
-11.8%
37.0%
Q3 24
-8.1%
39.0%
Q2 24
-5.7%
37.1%
Net Margin
CLNE
CLNE
MTB
MTB
Q1 26
-6.7%
Q4 25
-38.3%
30.7%
Q3 25
-22.4%
31.5%
Q2 25
-19.7%
29.9%
Q1 25
-130.1%
25.3%
Q4 24
-27.6%
28.6%
Q3 24
-17.3%
30.9%
Q2 24
-16.6%
28.5%
EPS (diluted)
CLNE
CLNE
MTB
MTB
Q1 26
Q4 25
$-0.21
$4.62
Q3 25
$-0.11
$4.82
Q2 25
$-0.09
$4.24
Q1 25
$-0.60
$3.32
Q4 24
$-0.14
$3.87
Q3 24
$-0.08
$4.02
Q2 24
$-0.07
$3.73

Balance Sheet & Financial Strength

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

Metric
CLNE
CLNE
MTB
MTB
Cash + ST InvestmentsLiquidity on hand
$552.0K
Total DebtLower is stronger
$52.0K
$10.9B
Stockholders' EquityBook value
$565.1M
$29.2B
Total Assets
$1.1B
$213.5B
Debt / EquityLower = less leverage
0.00×
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLNE
CLNE
MTB
MTB
Q1 26
$552.0K
Q4 25
$156.1M
Q3 25
$232.2M
Q2 25
$240.8M
Q1 25
$226.6M
Q4 24
$217.5M
Q3 24
$243.5M
Q2 24
$249.3M
Total Debt
CLNE
CLNE
MTB
MTB
Q1 26
$52.0K
Q4 25
$226.8M
$10.9B
Q3 25
$284.3M
$12.9B
Q2 25
$277.9M
$12.4B
Q1 25
$271.6M
$10.5B
Q4 24
$265.4M
$12.6B
Q3 24
$264.1M
$11.6B
Q2 24
$263.0M
$11.3B
Stockholders' Equity
CLNE
CLNE
MTB
MTB
Q1 26
$565.1M
Q4 25
$559.4M
$29.2B
Q3 25
$585.2M
$28.7B
Q2 25
$590.8M
$28.5B
Q1 25
$596.7M
$29.0B
Q4 24
$713.3M
$29.0B
Q3 24
$724.8M
$28.9B
Q2 24
$723.0M
$28.4B
Total Assets
CLNE
CLNE
MTB
MTB
Q1 26
$1.1B
Q4 25
$1.1B
$213.5B
Q3 25
$1.1B
$211.3B
Q2 25
$1.1B
$211.6B
Q1 25
$1.1B
$210.3B
Q4 24
$1.2B
$208.1B
Q3 24
$1.2B
$211.8B
Q2 24
$1.2B
$208.9B
Debt / Equity
CLNE
CLNE
MTB
MTB
Q1 26
0.00×
Q4 25
0.41×
0.37×
Q3 25
0.49×
0.45×
Q2 25
0.47×
0.43×
Q1 25
0.46×
0.36×
Q4 24
0.37×
0.43×
Q3 24
0.36×
0.40×
Q2 24
0.36×
0.40×

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
MTB
MTB
Operating Cash FlowLast quarter
$3.0B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.96×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLNE
CLNE
MTB
MTB
Q1 26
Q4 25
$13.1M
$3.0B
Q3 25
$13.1M
$1.0B
Q2 25
$35.9M
$844.0M
Q1 25
$23.4M
$635.0M
Q4 24
$21.9M
$3.6B
Q3 24
$21.4M
$-28.0M
Q2 24
$18.8M
$1.4B
Free Cash Flow
CLNE
CLNE
MTB
MTB
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
MTB
MTB
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
MTB
MTB
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
MTB
MTB
Q1 26
Q4 25
3.96×
Q3 25
1.26×
Q2 25
1.18×
Q1 25
1.09×
Q4 24
5.30×
Q3 24
-0.04×
Q2 24
2.07×

Financial Flow Comparison

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

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