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

Thryv Holdings, Inc. is the larger business by last-quarter revenue ($167.7M vs $112.3M, roughly 1.5× Clean Energy Fuels Corp.). Thryv Holdings, Inc. runs the higher net margin — 2.7% vs -38.3%, a 41.0% gap on every dollar of revenue. On growth, Clean Energy Fuels Corp. posted the faster year-over-year revenue change (2.7% vs -7.5%). Clean Energy Fuels Corp. produced more free cash flow last quarter ($6.5M vs $-5.5M). Over the past eight quarters, Clean Energy Fuels Corp.'s revenue compounded faster (4.1% CAGR vs -13.5%).

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...

Thryv Holdings, Inc. is a publicly traded software as a service (SaaS) company, providing customer relationship management and online reputation management software for small businesses. It has headquarters in Dallas, Texas, and operates in 48 states across the United States of America with more than 2,400 employees. The company began as a conglomerate of Yellow Pages companies. In June 2020, Thryv reported $1.3 billion in revenue over a twelve-month period.

CLNE vs THRY — Head-to-Head

Bigger by revenue
THRY
THRY
1.5× larger
THRY
$167.7M
$112.3M
CLNE
Growing faster (revenue YoY)
CLNE
CLNE
+10.3% gap
CLNE
2.7%
-7.5%
THRY
Higher net margin
THRY
THRY
41.0% more per $
THRY
2.7%
-38.3%
CLNE
More free cash flow
CLNE
CLNE
$12.0M more FCF
CLNE
$6.5M
$-5.5M
THRY
Faster 2-yr revenue CAGR
CLNE
CLNE
Annualised
CLNE
4.1%
-13.5%
THRY

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CLNE
CLNE
THRY
THRY
Revenue
$112.3M
$167.7M
Net Profit
$-43.0M
$4.5M
Gross Margin
65.2%
Operating Margin
-9.5%
37.3%
Net Margin
-38.3%
2.7%
Revenue YoY
2.7%
-7.5%
Net Profit YoY
-42.6%
147.2%
EPS (diluted)
$-0.21
$0.10

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
THRY
THRY
Q1 26
$167.7M
Q4 25
$112.3M
$191.6M
Q3 25
$106.1M
$201.6M
Q2 25
$102.6M
$210.5M
Q1 25
$103.8M
$181.4M
Q4 24
$109.3M
$186.6M
Q3 24
$104.9M
$179.9M
Q2 24
$98.0M
$224.1M
Net Profit
CLNE
CLNE
THRY
THRY
Q1 26
$4.5M
Q4 25
$-43.0M
$-9.7M
Q3 25
$-23.8M
$5.7M
Q2 25
$-20.2M
$13.9M
Q1 25
$-135.0M
$-9.6M
Q4 24
$-30.2M
$7.9M
Q3 24
$-18.2M
$-96.1M
Q2 24
$-16.3M
$5.5M
Gross Margin
CLNE
CLNE
THRY
THRY
Q1 26
65.2%
Q4 25
68.0%
Q3 25
67.7%
Q2 25
69.7%
Q1 25
65.8%
Q4 24
65.9%
Q3 24
62.3%
Q2 24
66.3%
Operating Margin
CLNE
CLNE
THRY
THRY
Q1 26
37.3%
Q4 25
-9.5%
5.3%
Q3 25
-12.8%
9.9%
Q2 25
-9.0%
14.0%
Q1 25
-121.7%
-1.7%
Q4 24
-11.8%
-3.9%
Q3 24
-8.1%
-49.2%
Q2 24
-5.7%
14.0%
Net Margin
CLNE
CLNE
THRY
THRY
Q1 26
2.7%
Q4 25
-38.3%
-5.0%
Q3 25
-22.4%
2.8%
Q2 25
-19.7%
6.6%
Q1 25
-130.1%
-5.3%
Q4 24
-27.6%
4.2%
Q3 24
-17.3%
-53.4%
Q2 24
-16.6%
2.5%
EPS (diluted)
CLNE
CLNE
THRY
THRY
Q1 26
$0.10
Q4 25
$-0.21
$-0.21
Q3 25
$-0.11
$0.13
Q2 25
$-0.09
$0.31
Q1 25
$-0.60
$-0.22
Q4 24
$-0.14
$0.28
Q3 24
$-0.08
$-2.65
Q2 24
$-0.07
$0.15

Balance Sheet & Financial Strength

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

Metric
CLNE
CLNE
THRY
THRY
Cash + ST InvestmentsLiquidity on hand
$156.1M
$8.0M
Total DebtLower is stronger
$226.8M
Stockholders' EquityBook value
$559.4M
$225.4M
Total Assets
$1.1B
$693.7M
Debt / EquityLower = less leverage
0.41×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLNE
CLNE
THRY
THRY
Q1 26
$8.0M
Q4 25
$156.1M
$10.8M
Q3 25
$232.2M
$11.6M
Q2 25
$240.8M
$10.8M
Q1 25
$226.6M
$11.0M
Q4 24
$217.5M
$16.3M
Q3 24
$243.5M
$12.5M
Q2 24
$249.3M
$15.5M
Total Debt
CLNE
CLNE
THRY
THRY
Q1 26
Q4 25
$226.8M
$253.5M
Q3 25
$284.3M
$268.2M
Q2 25
$277.9M
$275.6M
Q1 25
$271.6M
$299.0M
Q4 24
$265.4M
$284.3M
Q3 24
$264.1M
$307.8M
Q2 24
$263.0M
$342.1M
Stockholders' Equity
CLNE
CLNE
THRY
THRY
Q1 26
$225.4M
Q4 25
$559.4M
$218.1M
Q3 25
$585.2M
$221.1M
Q2 25
$590.8M
$214.9M
Q1 25
$596.7M
$193.2M
Q4 24
$713.3M
$196.9M
Q3 24
$724.8M
$94.5M
Q2 24
$723.0M
$183.1M
Total Assets
CLNE
CLNE
THRY
THRY
Q1 26
$693.7M
Q4 25
$1.1B
$688.6M
Q3 25
$1.1B
$701.8M
Q2 25
$1.1B
$687.7M
Q1 25
$1.1B
$703.7M
Q4 24
$1.2B
$712.2M
Q3 24
$1.2B
$654.8M
Q2 24
$1.2B
$785.5M
Debt / Equity
CLNE
CLNE
THRY
THRY
Q1 26
Q4 25
0.41×
1.16×
Q3 25
0.49×
1.21×
Q2 25
0.47×
1.28×
Q1 25
0.46×
1.55×
Q4 24
0.37×
1.44×
Q3 24
0.36×
3.26×
Q2 24
0.36×
1.87×

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
THRY
THRY
Operating Cash FlowLast quarter
$13.1M
Free Cash FlowOCF − Capex
$6.5M
$-5.5M
FCF MarginFCF / Revenue
5.8%
-3.3%
Capex IntensityCapex / Revenue
5.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$59.9M
$43.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLNE
CLNE
THRY
THRY
Q1 26
Q4 25
$13.1M
$22.2M
Q3 25
$13.1M
$22.2M
Q2 25
$35.9M
$29.6M
Q1 25
$23.4M
$-10.5M
Q4 24
$21.9M
$26.1M
Q3 24
$21.4M
$36.0M
Q2 24
$18.8M
$22.2M
Free Cash Flow
CLNE
CLNE
THRY
THRY
Q1 26
$-5.5M
Q4 25
$6.5M
$12.3M
Q3 25
$6.5M
$14.6M
Q2 25
$30.9M
$21.8M
Q1 25
$15.9M
$-17.6M
Q4 24
$10.3M
$17.3M
Q3 24
$42.0K
$27.5M
Q2 24
$4.8M
$13.3M
FCF Margin
CLNE
CLNE
THRY
THRY
Q1 26
-3.3%
Q4 25
5.8%
6.4%
Q3 25
6.1%
7.2%
Q2 25
30.2%
10.4%
Q1 25
15.4%
-9.7%
Q4 24
9.5%
9.3%
Q3 24
0.0%
15.3%
Q2 24
4.9%
5.9%
Capex Intensity
CLNE
CLNE
THRY
THRY
Q1 26
Q4 25
5.9%
5.2%
Q3 25
6.2%
3.8%
Q2 25
4.8%
3.7%
Q1 25
7.2%
3.9%
Q4 24
10.5%
4.7%
Q3 24
20.3%
4.7%
Q2 24
14.2%
4.0%
Cash Conversion
CLNE
CLNE
THRY
THRY
Q1 26
Q4 25
Q3 25
3.93×
Q2 25
2.12×
Q1 25
Q4 24
3.32×
Q3 24
Q2 24
4.01×

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%

THRY
THRY

SaaS$116.7M70%
Other$50.9M30%

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