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Side-by-side financial comparison of Cambium Networks Corp (CMBM) and FUELCELL ENERGY INC (FCEL). Click either name above to swap in a different company.
FUELCELL ENERGY INC is the larger business by last-quarter revenue ($55.0M vs $40.3M, roughly 1.4× Cambium Networks Corp). Cambium Networks Corp runs the higher net margin — -17.9% vs -54.3%, a 36.4% gap on every dollar of revenue. On growth, FUELCELL ENERGY INC posted the faster year-over-year revenue change (11.5% vs -23.2%). Cambium Networks Corp produced more free cash flow last quarter ($-10.8M vs $-23.9M). Over the past eight quarters, FUELCELL ENERGY INC's revenue compounded faster (81.6% CAGR vs -27.2%).
Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.
FuelCell Energy, Inc. is a publicly traded fuel cell company headquartered in Danbury, Connecticut. It designs, manufactures, operates and services power plants based on molten carbonate fuel cells.
CMBM vs FCEL — Head-to-Head
Income Statement — Q4 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $40.3M | $55.0M |
| Net Profit | $-7.2M | $-29.9M |
| Gross Margin | 36.6% | -12.1% |
| Operating Margin | -28.4% | -51.5% |
| Net Margin | -17.9% | -54.3% |
| Revenue YoY | -23.2% | 11.5% |
| Net Profit YoY | 71.0% | 27.9% |
| EPS (diluted) | $-0.26 | $-0.43 |
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.
| Q4 25 | — | $55.0M | ||
| Q3 25 | — | $46.7M | ||
| Q2 25 | — | $37.4M | ||
| Q1 25 | — | $19.0M | ||
| Q4 24 | $40.3M | $49.3M | ||
| Q3 24 | $44.7M | $23.7M | ||
| Q2 24 | $45.2M | $22.4M | ||
| Q1 24 | $47.1M | $16.7M |
| Q4 25 | — | $-29.9M | ||
| Q3 25 | — | $-91.7M | ||
| Q2 25 | — | $-38.0M | ||
| Q1 25 | — | $-28.3M | ||
| Q4 24 | $-7.2M | $-41.4M | ||
| Q3 24 | $-34.5M | $-32.7M | ||
| Q2 24 | $-14.2M | $-32.1M | ||
| Q1 24 | $-18.4M | $-19.8M |
| Q4 25 | — | -12.1% | ||
| Q3 25 | — | -11.0% | ||
| Q2 25 | — | -25.2% | ||
| Q1 25 | — | -27.4% | ||
| Q4 24 | 36.6% | -22.1% | ||
| Q3 24 | 43.6% | -26.2% | ||
| Q2 24 | 32.5% | -31.6% | ||
| Q1 24 | 29.8% | -70.2% |
| Q4 25 | — | -51.5% | ||
| Q3 25 | — | -204.0% | ||
| Q2 25 | — | -95.7% | ||
| Q1 25 | — | -172.9% | ||
| Q4 24 | -28.4% | -83.2% | ||
| Q3 24 | -69.6% | -141.9% | ||
| Q2 24 | -27.2% | -184.5% | ||
| Q1 24 | -33.1% | -254.5% |
| Q4 25 | — | -54.3% | ||
| Q3 25 | — | -196.1% | ||
| Q2 25 | — | -101.7% | ||
| Q1 25 | — | -149.1% | ||
| Q4 24 | -17.9% | -84.0% | ||
| Q3 24 | -77.3% | -137.8% | ||
| Q2 24 | -31.5% | -143.4% | ||
| Q1 24 | -39.2% | -118.6% |
| Q4 25 | — | $-0.43 | ||
| Q3 25 | — | $-3.78 | ||
| Q2 25 | — | $-1.79 | ||
| Q1 25 | — | $-1.42 | ||
| Q4 24 | $-0.26 | $-2.29 | ||
| Q3 24 | $-1.22 | $-1.99 | ||
| Q2 24 | $-0.51 | $-2.18 | ||
| Q1 24 | $-0.66 | $-1.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $278.1M |
| Total DebtLower is stronger | $67.6M | $103.8M |
| Stockholders' EquityBook value | $-3.2M | $662.2M |
| Total Assets | $173.7M | $932.1M |
| Debt / EquityLower = less leverage | — | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $278.1M | ||
| Q3 25 | — | $174.7M | ||
| Q2 25 | — | $177.0M | ||
| Q1 25 | — | $208.4M | ||
| Q4 24 | — | $257.3M | ||
| Q3 24 | — | $267.2M | ||
| Q2 24 | — | $260.1M | ||
| Q1 24 | — | $297.5M |
| Q4 25 | — | $103.8M | ||
| Q3 25 | — | $106.4M | ||
| Q2 25 | — | $109.4M | ||
| Q1 25 | — | $112.3M | ||
| Q4 24 | $67.6M | $115.7M | ||
| Q3 24 | $67.6M | $112.7M | ||
| Q2 24 | $68.9M | $116.2M | ||
| Q1 24 | $63.8M | $107.2M |
| Q4 25 | — | $662.2M | ||
| Q3 25 | — | $556.2M | ||
| Q2 25 | — | $609.2M | ||
| Q1 25 | — | $635.2M | ||
| Q4 24 | $-3.2M | $656.9M | ||
| Q3 24 | $1.9M | $675.8M | ||
| Q2 24 | $34.1M | $639.8M | ||
| Q1 24 | $45.0M | $663.9M |
| Q4 25 | — | $932.1M | ||
| Q3 25 | — | $830.5M | ||
| Q2 25 | — | $883.8M | ||
| Q1 25 | — | $907.5M | ||
| Q4 24 | $173.7M | $944.1M | ||
| Q3 24 | $194.3M | $948.9M | ||
| Q2 24 | $221.1M | $916.8M | ||
| Q1 24 | $219.8M | $923.2M |
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | 36.12× | 0.17× | ||
| Q2 24 | 2.02× | 0.18× | ||
| Q1 24 | 1.42× | 0.16× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-10.4M | $-22.9M |
| Free Cash FlowOCF − Capex | $-10.8M | $-23.9M |
| FCF MarginFCF / Revenue | -26.8% | -43.4% |
| Capex IntensityCapex / Revenue | 1.1% | 1.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-21.4M | $-143.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-22.9M | ||
| Q3 25 | — | $-26.8M | ||
| Q2 25 | — | $-29.9M | ||
| Q1 25 | — | $-45.7M | ||
| Q4 24 | $-10.4M | $5.8M | ||
| Q3 24 | $8.9M | $-63.4M | ||
| Q2 24 | $2.4M | $-37.1M | ||
| Q1 24 | $-15.9M | $-58.3M |
| Q4 25 | — | $-23.9M | ||
| Q3 25 | — | $-32.1M | ||
| Q2 25 | — | $-35.2M | ||
| Q1 25 | — | $-52.8M | ||
| Q4 24 | $-10.8M | $-4.7M | ||
| Q3 24 | $6.8M | $-76.8M | ||
| Q2 24 | $87.0K | $-50.3M | ||
| Q1 24 | $-17.4M | $-68.8M |
| Q4 25 | — | -43.4% | ||
| Q3 25 | — | -68.6% | ||
| Q2 25 | — | -94.0% | ||
| Q1 25 | — | -277.8% | ||
| Q4 24 | -26.8% | -9.5% | ||
| Q3 24 | 15.2% | -324.0% | ||
| Q2 24 | 0.2% | -224.5% | ||
| Q1 24 | -37.0% | -412.4% |
| Q4 25 | — | 1.8% | ||
| Q3 25 | — | 11.2% | ||
| Q2 25 | — | 14.1% | ||
| Q1 25 | — | 37.2% | ||
| Q4 24 | 1.1% | 21.4% | ||
| Q3 24 | 4.8% | 56.6% | ||
| Q2 24 | 5.1% | 58.9% | ||
| Q1 24 | 3.3% | 63.3% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMBM
| Enterprise | $16.6M | 41% |
| Point To Multi Point | $16.4M | 41% |
| Other | $5.8M | 14% |
FCEL
| Other | $30.0M | 55% |
| Electricity Generation | $12.2M | 22% |
| Services | $7.3M | 13% |
| Advanced Technologies | $5.5M | 10% |
