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Side-by-side financial comparison of CASTLE BIOSCIENCES INC (CSTL) and FUELCELL ENERGY INC (FCEL). Click either name above to swap in a different company.

CASTLE BIOSCIENCES INC is the larger business by last-quarter revenue ($87.0M vs $55.0M, roughly 1.6× FUELCELL ENERGY INC). On growth, FUELCELL ENERGY INC posted the faster year-over-year revenue change (11.5% vs 0.8%). CASTLE BIOSCIENCES INC produced more free cash flow last quarter ($19.7M vs $-23.9M). Over the past eight quarters, FUELCELL ENERGY INC's revenue compounded faster (81.6% CAGR vs 9.2%).

Castle Biosciences Inc. is a commercial-stage diagnostic firm that develops and markets proprietary, clinically actionable tests for dermatological conditions such as melanoma and other skin cancers, plus rare diseases. It operates mainly in the U.S. healthcare market, focusing on segments with high unmet need for more accurate diagnostics to guide treatment choices.

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.

CSTL vs FCEL — Head-to-Head

Bigger by revenue
CSTL
CSTL
1.6× larger
CSTL
$87.0M
$55.0M
FCEL
Growing faster (revenue YoY)
FCEL
FCEL
+10.7% gap
FCEL
11.5%
0.8%
CSTL
More free cash flow
CSTL
CSTL
$43.6M more FCF
CSTL
$19.7M
$-23.9M
FCEL
Faster 2-yr revenue CAGR
FCEL
FCEL
Annualised
FCEL
81.6%
9.2%
CSTL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CSTL
CSTL
FCEL
FCEL
Revenue
$87.0M
$55.0M
Net Profit
$-29.9M
Gross Margin
79.0%
-12.1%
Operating Margin
-4.4%
-51.5%
Net Margin
-54.3%
Revenue YoY
0.8%
11.5%
Net Profit YoY
27.9%
EPS (diluted)
$-0.06
$-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.

Revenue
CSTL
CSTL
FCEL
FCEL
Q4 25
$87.0M
$55.0M
Q3 25
$83.0M
$46.7M
Q2 25
$86.2M
$37.4M
Q1 25
$88.0M
$19.0M
Q4 24
$86.3M
$49.3M
Q3 24
$85.8M
$23.7M
Q2 24
$87.0M
$22.4M
Q1 24
$73.0M
$16.7M
Net Profit
CSTL
CSTL
FCEL
FCEL
Q4 25
$-29.9M
Q3 25
$-501.0K
$-91.7M
Q2 25
$4.5M
$-38.0M
Q1 25
$-25.8M
$-28.3M
Q4 24
$-41.4M
Q3 24
$2.3M
$-32.7M
Q2 24
$8.9M
$-32.1M
Q1 24
$-2.5M
$-19.8M
Gross Margin
CSTL
CSTL
FCEL
FCEL
Q4 25
79.0%
-12.1%
Q3 25
77.5%
-11.0%
Q2 25
79.5%
-25.2%
Q1 25
81.4%
-27.4%
Q4 24
81.3%
-22.1%
Q3 24
81.8%
-26.2%
Q2 24
83.3%
-31.6%
Q1 24
81.0%
-70.2%
Operating Margin
CSTL
CSTL
FCEL
FCEL
Q4 25
-4.4%
-51.5%
Q3 25
-8.2%
-204.0%
Q2 25
-4.9%
-95.7%
Q1 25
-31.7%
-172.9%
Q4 24
4.7%
-83.2%
Q3 24
5.9%
-141.9%
Q2 24
5.8%
-184.5%
Q1 24
-7.5%
-254.5%
Net Margin
CSTL
CSTL
FCEL
FCEL
Q4 25
-54.3%
Q3 25
-0.6%
-196.1%
Q2 25
5.2%
-101.7%
Q1 25
-29.4%
-149.1%
Q4 24
-84.0%
Q3 24
2.6%
-137.8%
Q2 24
10.3%
-143.4%
Q1 24
-3.5%
-118.6%
EPS (diluted)
CSTL
CSTL
FCEL
FCEL
Q4 25
$-0.06
$-0.43
Q3 25
$-0.02
$-3.78
Q2 25
$0.15
$-1.79
Q1 25
$-0.90
$-1.42
Q4 24
$0.32
$-2.29
Q3 24
$0.08
$-1.99
Q2 24
$0.31
$-2.18
Q1 24
$-0.09
$-1.37

Balance Sheet & Financial Strength

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

Metric
CSTL
CSTL
FCEL
FCEL
Cash + ST InvestmentsLiquidity on hand
$299.5M
$278.1M
Total DebtLower is stronger
$10.1M
$103.8M
Stockholders' EquityBook value
$470.9M
$662.2M
Total Assets
$578.6M
$932.1M
Debt / EquityLower = less leverage
0.02×
0.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSTL
CSTL
FCEL
FCEL
Q4 25
$299.5M
$278.1M
Q3 25
$287.5M
$174.7M
Q2 25
$275.9M
$177.0M
Q1 25
$275.2M
$208.4M
Q4 24
$293.1M
$257.3M
Q3 24
$95.0M
$267.2M
Q2 24
$85.6M
$260.1M
Q1 24
$82.9M
$297.5M
Total Debt
CSTL
CSTL
FCEL
FCEL
Q4 25
$10.1M
$103.8M
Q3 25
$10.0M
$106.4M
Q2 25
$10.0M
$109.4M
Q1 25
$10.0M
$112.3M
Q4 24
$10.0M
$115.7M
Q3 24
$10.0M
$112.7M
Q2 24
$10.0M
$116.2M
Q1 24
$10.0M
$107.2M
Stockholders' Equity
CSTL
CSTL
FCEL
FCEL
Q4 25
$470.9M
$662.2M
Q3 25
$467.0M
$556.2M
Q2 25
$455.4M
$609.2M
Q1 25
$440.3M
$635.2M
Q4 24
$455.8M
$656.9M
Q3 24
$441.1M
$675.8M
Q2 24
$423.9M
$639.8M
Q1 24
$402.5M
$663.9M
Total Assets
CSTL
CSTL
FCEL
FCEL
Q4 25
$578.6M
$932.1M
Q3 25
$562.8M
$830.5M
Q2 25
$544.7M
$883.8M
Q1 25
$501.7M
$907.5M
Q4 24
$531.2M
$944.1M
Q3 24
$514.6M
$948.9M
Q2 24
$487.3M
$916.8M
Q1 24
$458.5M
$923.2M
Debt / Equity
CSTL
CSTL
FCEL
FCEL
Q4 25
0.02×
0.16×
Q3 25
0.02×
0.19×
Q2 25
0.02×
0.18×
Q1 25
0.02×
0.18×
Q4 24
0.02×
0.18×
Q3 24
0.02×
0.17×
Q2 24
0.02×
0.18×
Q1 24
0.02×
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
CSTL
CSTL
FCEL
FCEL
Operating Cash FlowLast quarter
$26.9M
$-22.9M
Free Cash FlowOCF − Capex
$19.7M
$-23.9M
FCF MarginFCF / Revenue
22.7%
-43.4%
Capex IntensityCapex / Revenue
8.3%
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$28.3M
$-143.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSTL
CSTL
FCEL
FCEL
Q4 25
$26.9M
$-22.9M
Q3 25
$22.6M
$-26.8M
Q2 25
$20.8M
$-29.9M
Q1 25
$-6.0M
$-45.7M
Q4 24
$24.4M
$5.8M
Q3 24
$23.3M
$-63.4M
Q2 24
$24.0M
$-37.1M
Q1 24
$-6.8M
$-58.3M
Free Cash Flow
CSTL
CSTL
FCEL
FCEL
Q4 25
$19.7M
$-23.9M
Q3 25
$7.8M
$-32.1M
Q2 25
$11.6M
$-35.2M
Q1 25
$-10.8M
$-52.8M
Q4 24
$16.8M
$-4.7M
Q3 24
$17.0M
$-76.8M
Q2 24
$18.8M
$-50.3M
Q1 24
$-16.0M
$-68.8M
FCF Margin
CSTL
CSTL
FCEL
FCEL
Q4 25
22.7%
-43.4%
Q3 25
9.4%
-68.6%
Q2 25
13.4%
-94.0%
Q1 25
-12.2%
-277.8%
Q4 24
19.5%
-9.5%
Q3 24
19.8%
-324.0%
Q2 24
21.6%
-224.5%
Q1 24
-21.9%
-412.4%
Capex Intensity
CSTL
CSTL
FCEL
FCEL
Q4 25
8.3%
1.8%
Q3 25
17.9%
11.2%
Q2 25
10.7%
14.1%
Q1 25
5.4%
37.2%
Q4 24
8.8%
21.4%
Q3 24
7.4%
56.6%
Q2 24
6.0%
58.9%
Q1 24
12.5%
63.3%
Cash Conversion
CSTL
CSTL
FCEL
FCEL
Q4 25
Q3 25
Q2 25
4.60×
Q1 25
Q4 24
Q3 24
10.29×
Q2 24
2.69×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CSTL
CSTL

Dermatologic$48.6M56%
Non Dermatologic$38.4M44%

FCEL
FCEL

Other$30.0M55%
Electricity Generation$12.2M22%
Services$7.3M13%
Advanced Technologies$5.5M10%

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