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Side-by-side financial comparison of Dominari Holdings Inc. (DOMH) 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 $30.1M, roughly 1.8× Dominari Holdings Inc.). FUELCELL ENERGY INC runs the higher net margin — -54.3% vs -438.1%, a 383.8% gap on every dollar of revenue. On growth, Dominari Holdings Inc. posted the faster year-over-year revenue change (220.4% vs 11.5%). Over the past eight quarters, Dominari Holdings Inc.'s revenue compounded faster (369.1% CAGR vs 81.6%).

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.

DOMH vs FCEL — Head-to-Head

Bigger by revenue
FCEL
FCEL
1.8× larger
FCEL
$55.0M
$30.1M
DOMH
Growing faster (revenue YoY)
DOMH
DOMH
+208.9% gap
DOMH
220.4%
11.5%
FCEL
Higher net margin
FCEL
FCEL
383.8% more per $
FCEL
-54.3%
-438.1%
DOMH
Faster 2-yr revenue CAGR
DOMH
DOMH
Annualised
DOMH
369.1%
81.6%
FCEL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DOMH
DOMH
FCEL
FCEL
Revenue
$30.1M
$55.0M
Net Profit
$-131.8M
$-29.9M
Gross Margin
-12.1%
Operating Margin
-8.9%
-51.5%
Net Margin
-438.1%
-54.3%
Revenue YoY
220.4%
11.5%
Net Profit YoY
-12426.2%
27.9%
EPS (diluted)
$-6.94
$-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
DOMH
DOMH
FCEL
FCEL
Q4 25
$30.1M
$55.0M
Q3 25
$50.8M
$46.7M
Q2 25
$34.1M
$37.4M
Q1 25
$8.1M
$19.0M
Q4 24
$9.4M
$49.3M
Q3 24
$4.0M
$23.7M
Q2 24
$6.2M
$22.4M
Q1 24
$1.4M
$16.7M
Net Profit
DOMH
DOMH
FCEL
FCEL
Q4 25
$-131.8M
$-29.9M
Q3 25
$125.2M
$-91.7M
Q2 25
$16.6M
$-38.0M
Q1 25
$-32.5M
$-28.3M
Q4 24
$1.1M
$-41.4M
Q3 24
$-4.2M
$-32.7M
Q2 24
$-6.1M
$-32.1M
Q1 24
$-5.4M
$-19.8M
Gross Margin
DOMH
DOMH
FCEL
FCEL
Q4 25
-12.1%
Q3 25
-11.0%
Q2 25
-25.2%
Q1 25
-27.4%
Q4 24
-22.1%
Q3 24
-26.2%
Q2 24
-31.6%
Q1 24
-70.2%
Operating Margin
DOMH
DOMH
FCEL
FCEL
Q4 25
-8.9%
-51.5%
Q3 25
-3.1%
-204.0%
Q2 25
-57.0%
-95.7%
Q1 25
-394.6%
-172.9%
Q4 24
0.4%
-83.2%
Q3 24
-79.1%
-141.9%
Q2 24
-44.3%
-184.5%
Q1 24
-205.2%
-254.5%
Net Margin
DOMH
DOMH
FCEL
FCEL
Q4 25
-438.1%
-54.3%
Q3 25
246.4%
-196.1%
Q2 25
48.7%
-101.7%
Q1 25
-400.5%
-149.1%
Q4 24
11.4%
-84.0%
Q3 24
-104.2%
-137.8%
Q2 24
-99.1%
-143.4%
Q1 24
-398.0%
-118.6%
EPS (diluted)
DOMH
DOMH
FCEL
FCEL
Q4 25
$-6.94
$-0.43
Q3 25
$7.27
$-3.78
Q2 25
$1.12
$-1.79
Q1 25
$-3.02
$-1.42
Q4 24
$0.21
$-2.29
Q3 24
$-0.67
$-1.99
Q2 24
$-1.01
$-2.18
Q1 24
$-0.91
$-1.37

Balance Sheet & Financial Strength

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

Metric
DOMH
DOMH
FCEL
FCEL
Cash + ST InvestmentsLiquidity on hand
$80.5M
$278.1M
Total DebtLower is stronger
$103.8M
Stockholders' EquityBook value
$69.4M
$662.2M
Total Assets
$112.9M
$932.1M
Debt / EquityLower = less leverage
0.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOMH
DOMH
FCEL
FCEL
Q4 25
$80.5M
$278.1M
Q3 25
$176.2M
$174.7M
Q2 25
$28.2M
$177.0M
Q1 25
$18.9M
$208.4M
Q4 24
$8.2M
$257.3M
Q3 24
$7.2M
$267.2M
Q2 24
$12.1M
$260.1M
Q1 24
$7.1M
$297.5M
Total Debt
DOMH
DOMH
FCEL
FCEL
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
Stockholders' Equity
DOMH
DOMH
FCEL
FCEL
Q4 25
$69.4M
$662.2M
Q3 25
$210.2M
$556.2M
Q2 25
$88.6M
$609.2M
Q1 25
$42.4M
$635.2M
Q4 24
$39.9M
$656.9M
Q3 24
$38.3M
$675.8M
Q2 24
$42.4M
$639.8M
Q1 24
$47.7M
$663.9M
Total Assets
DOMH
DOMH
FCEL
FCEL
Q4 25
$112.9M
$932.1M
Q3 25
$223.4M
$830.5M
Q2 25
$109.3M
$883.8M
Q1 25
$52.3M
$907.5M
Q4 24
$47.1M
$944.1M
Q3 24
$43.4M
$948.9M
Q2 24
$49.1M
$916.8M
Q1 24
$52.2M
$923.2M
Debt / Equity
DOMH
DOMH
FCEL
FCEL
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
DOMH
DOMH
FCEL
FCEL
Operating Cash FlowLast quarter
$22.7M
$-22.9M
Free Cash FlowOCF − Capex
$-23.9M
FCF MarginFCF / Revenue
-43.4%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-143.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOMH
DOMH
FCEL
FCEL
Q4 25
$22.7M
$-22.9M
Q3 25
$-4.9M
$-26.8M
Q2 25
$-353.0K
$-29.9M
Q1 25
$1.2M
$-45.7M
Q4 24
$-16.7M
$5.8M
Q3 24
$-4.7M
$-63.4M
Q2 24
$1.4M
$-37.1M
Q1 24
$-8.6M
$-58.3M
Free Cash Flow
DOMH
DOMH
FCEL
FCEL
Q4 25
$-23.9M
Q3 25
$-32.1M
Q2 25
$-35.2M
Q1 25
$-52.8M
Q4 24
$-4.7M
Q3 24
$-76.8M
Q2 24
$-50.3M
Q1 24
$-68.8M
FCF Margin
DOMH
DOMH
FCEL
FCEL
Q4 25
-43.4%
Q3 25
-68.6%
Q2 25
-94.0%
Q1 25
-277.8%
Q4 24
-9.5%
Q3 24
-324.0%
Q2 24
-224.5%
Q1 24
-412.4%
Capex Intensity
DOMH
DOMH
FCEL
FCEL
Q4 25
1.8%
Q3 25
11.2%
Q2 25
14.1%
Q1 25
37.2%
Q4 24
21.4%
Q3 24
56.6%
Q2 24
58.9%
Q1 24
63.3%
Cash Conversion
DOMH
DOMH
FCEL
FCEL
Q4 25
Q3 25
-0.04×
Q2 25
-0.02×
Q1 25
Q4 24
-15.65×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

DOMH
DOMH

Chief Operating Decision Maker$30.1M100%
Commissions$458.0K2%

FCEL
FCEL

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

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