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Side-by-side financial comparison of Cytek Biosciences, Inc. (CTKB) and FUELCELL ENERGY INC (FCEL). Click either name above to swap in a different company.
Cytek Biosciences, Inc. is the larger business by last-quarter revenue ($62.1M vs $55.0M, roughly 1.1× FUELCELL ENERGY INC). FUELCELL ENERGY INC runs the higher net margin — -54.3% vs -70.9%, a 16.6% gap on every dollar of revenue. On growth, FUELCELL ENERGY INC posted the faster year-over-year revenue change (11.5% vs 8.1%). Cytek Biosciences, Inc. produced more free cash flow last quarter ($-1.8M vs $-23.9M). Over the past eight quarters, FUELCELL ENERGY INC's revenue compounded faster (81.6% CAGR vs 17.7%).
Cytek Biosciences, Inc. develops, manufactures and sells high-performance flow cytometry systems, associated reagents and analysis software. Its solutions serve life science research, clinical diagnostics and biopharmaceutical sectors, with a global customer base across North America, Europe and the Asia-Pacific region.
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.
CTKB vs FCEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.1M | $55.0M |
| Net Profit | $-44.1M | $-29.9M |
| Gross Margin | 52.9% | -12.1% |
| Operating Margin | -9.0% | -51.5% |
| Net Margin | -70.9% | -54.3% |
| Revenue YoY | 8.1% | 11.5% |
| Net Profit YoY | -557.1% | 27.9% |
| EPS (diluted) | — | $-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 | $62.1M | $55.0M | ||
| Q3 25 | $52.3M | $46.7M | ||
| Q2 25 | $45.6M | $37.4M | ||
| Q1 25 | $41.5M | $19.0M | ||
| Q4 24 | $57.5M | $49.3M | ||
| Q3 24 | $51.5M | $23.7M | ||
| Q2 24 | $46.6M | $22.4M | ||
| Q1 24 | $44.9M | $16.7M |
| Q4 25 | $-44.1M | $-29.9M | ||
| Q3 25 | $-5.5M | $-91.7M | ||
| Q2 25 | $-5.6M | $-38.0M | ||
| Q1 25 | $-11.4M | $-28.3M | ||
| Q4 24 | $9.6M | $-41.4M | ||
| Q3 24 | $941.0K | $-32.7M | ||
| Q2 24 | $-10.4M | $-32.1M | ||
| Q1 24 | $-6.2M | $-19.8M |
| Q4 25 | 52.9% | -12.1% | ||
| Q3 25 | 52.7% | -11.0% | ||
| Q2 25 | 52.3% | -25.2% | ||
| Q1 25 | 48.6% | -27.4% | ||
| Q4 24 | 58.5% | -22.1% | ||
| Q3 24 | 56.3% | -26.2% | ||
| Q2 24 | 54.6% | -31.6% | ||
| Q1 24 | 51.3% | -70.2% |
| Q4 25 | -9.0% | -51.5% | ||
| Q3 25 | -17.6% | -204.0% | ||
| Q2 25 | -23.3% | -95.7% | ||
| Q1 25 | -36.1% | -172.9% | ||
| Q4 24 | 5.2% | -83.2% | ||
| Q3 24 | -8.2% | -141.9% | ||
| Q2 24 | -18.3% | -184.5% | ||
| Q1 24 | -23.9% | -254.5% |
| Q4 25 | -70.9% | -54.3% | ||
| Q3 25 | -10.5% | -196.1% | ||
| Q2 25 | -12.2% | -101.7% | ||
| Q1 25 | -27.5% | -149.1% | ||
| Q4 24 | 16.8% | -84.0% | ||
| Q3 24 | 1.8% | -137.8% | ||
| Q2 24 | -22.4% | -143.4% | ||
| Q1 24 | -13.8% | -118.6% |
| Q4 25 | — | $-0.43 | ||
| Q3 25 | — | $-3.78 | ||
| Q2 25 | — | $-1.79 | ||
| Q1 25 | — | $-1.42 | ||
| Q4 24 | — | $-2.29 | ||
| Q3 24 | — | $-1.99 | ||
| Q2 24 | — | $-2.18 | ||
| Q1 24 | — | $-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 | $90.9M | $278.1M |
| Total DebtLower is stronger | — | $103.8M |
| Stockholders' EquityBook value | $341.7M | $662.2M |
| Total Assets | $461.5M | $932.1M |
| Debt / EquityLower = less leverage | — | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $90.9M | $278.1M | ||
| Q3 25 | $93.3M | $174.7M | ||
| Q2 25 | $75.5M | $177.0M | ||
| Q1 25 | $95.3M | $208.4M | ||
| Q4 24 | $98.7M | $257.3M | ||
| Q3 24 | $162.3M | $267.2M | ||
| Q2 24 | $177.9M | $260.1M | ||
| Q1 24 | $168.8M | $297.5M |
| Q4 25 | — | $103.8M | ||
| Q3 25 | — | $106.4M | ||
| Q2 25 | — | $109.4M | ||
| Q1 25 | — | $112.3M | ||
| Q4 24 | — | $115.7M | ||
| Q3 24 | — | $112.7M | ||
| Q2 24 | — | $116.2M | ||
| Q1 24 | — | $107.2M |
| Q4 25 | $341.7M | $662.2M | ||
| Q3 25 | $378.6M | $556.2M | ||
| Q2 25 | $377.6M | $609.2M | ||
| Q1 25 | $379.6M | $635.2M | ||
| Q4 24 | $395.7M | $656.9M | ||
| Q3 24 | $385.5M | $675.8M | ||
| Q2 24 | $389.1M | $639.8M | ||
| Q1 24 | $392.6M | $663.9M |
| Q4 25 | $461.5M | $932.1M | ||
| Q3 25 | $494.9M | $830.5M | ||
| Q2 25 | $493.3M | $883.8M | ||
| Q1 25 | $482.6M | $907.5M | ||
| Q4 24 | $499.5M | $944.1M | ||
| Q3 24 | $491.2M | $948.9M | ||
| Q2 24 | $483.7M | $916.8M | ||
| Q1 24 | $492.1M | $923.2M |
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 0.18× | ||
| Q1 24 | — | 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 | $-771.0K | $-22.9M |
| Free Cash FlowOCF − Capex | $-1.8M | $-23.9M |
| FCF MarginFCF / Revenue | -2.9% | -43.4% |
| Capex IntensityCapex / Revenue | 1.6% | 1.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-8.8M | $-143.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-771.0K | $-22.9M | ||
| Q3 25 | $-3.9M | $-26.8M | ||
| Q2 25 | $108.0K | $-29.9M | ||
| Q1 25 | $-125.0K | $-45.7M | ||
| Q4 24 | $2.0M | $5.8M | ||
| Q3 24 | $13.2M | $-63.4M | ||
| Q2 24 | $6.2M | $-37.1M | ||
| Q1 24 | $4.0M | $-58.3M |
| Q4 25 | $-1.8M | $-23.9M | ||
| Q3 25 | $-4.6M | $-32.1M | ||
| Q2 25 | $-1.5M | $-35.2M | ||
| Q1 25 | $-974.0K | $-52.8M | ||
| Q4 24 | $1.1M | $-4.7M | ||
| Q3 24 | $12.2M | $-76.8M | ||
| Q2 24 | $5.2M | $-50.3M | ||
| Q1 24 | $3.4M | $-68.8M |
| Q4 25 | -2.9% | -43.4% | ||
| Q3 25 | -8.7% | -68.6% | ||
| Q2 25 | -3.2% | -94.0% | ||
| Q1 25 | -2.3% | -277.8% | ||
| Q4 24 | 1.9% | -9.5% | ||
| Q3 24 | 23.7% | -324.0% | ||
| Q2 24 | 11.0% | -224.5% | ||
| Q1 24 | 7.6% | -412.4% |
| Q4 25 | 1.6% | 1.8% | ||
| Q3 25 | 1.3% | 11.2% | ||
| Q2 25 | 3.5% | 14.1% | ||
| Q1 25 | 2.0% | 37.2% | ||
| Q4 24 | 1.6% | 21.4% | ||
| Q3 24 | 2.0% | 56.6% | ||
| Q2 24 | 2.3% | 58.9% | ||
| Q1 24 | 1.3% | 63.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | 14.05× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTKB
| Products | $46.6M | 75% |
| Services | $15.5M | 25% |
FCEL
| Other | $30.0M | 55% |
| Electricity Generation | $12.2M | 22% |
| Services | $7.3M | 13% |
| Advanced Technologies | $5.5M | 10% |
