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Side-by-side financial comparison of Envela Corp (ELA) and FUELCELL ENERGY INC (FCEL). Click either name above to swap in a different company.
Envela Corp is the larger business by last-quarter revenue ($80.5M vs $55.0M, roughly 1.5× FUELCELL ENERGY INC). Envela Corp runs the higher net margin — 7.4% vs -54.3%, a 61.7% gap on every dollar of revenue. On growth, Envela Corp posted the faster year-over-year revenue change (66.6% vs 11.5%). Envela Corp produced more free cash flow last quarter ($-3.7M vs $-23.9M). Over the past eight quarters, FUELCELL ENERGY INC's revenue compounded faster (81.6% CAGR vs 42.1%).
Envela Corporation is a U.S.-based company that provides recommerce services aimed at extending product lifecycles and reducing resource consumption. The company operates through two primary segments: consumer and commercial.
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.
ELA vs FCEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $80.5M | $55.0M |
| Net Profit | $6.0M | $-29.9M |
| Gross Margin | 20.5% | -12.1% |
| Operating Margin | 9.4% | -51.5% |
| Net Margin | 7.4% | -54.3% |
| Revenue YoY | 66.6% | 11.5% |
| Net Profit YoY | 274.6% | 27.9% |
| EPS (diluted) | $0.22 | $-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 | $80.5M | $55.0M | ||
| Q3 25 | $57.4M | $46.7M | ||
| Q2 25 | $54.9M | $37.4M | ||
| Q1 25 | $48.3M | $19.0M | ||
| Q4 24 | $48.3M | $49.3M | ||
| Q3 24 | $46.9M | $23.7M | ||
| Q2 24 | $45.3M | $22.4M | ||
| Q1 24 | $39.9M | $16.7M |
| Q4 25 | $6.0M | $-29.9M | ||
| Q3 25 | $3.4M | $-91.7M | ||
| Q2 25 | $2.8M | $-38.0M | ||
| Q1 25 | $2.5M | $-28.3M | ||
| Q4 24 | $1.6M | $-41.4M | ||
| Q3 24 | $1.7M | $-32.7M | ||
| Q2 24 | $1.6M | $-32.1M | ||
| Q1 24 | $1.9M | $-19.8M |
| Q4 25 | 20.5% | -12.1% | ||
| Q3 25 | 22.8% | -11.0% | ||
| Q2 25 | 22.6% | -25.2% | ||
| Q1 25 | 24.8% | -27.4% | ||
| Q4 24 | 23.1% | -22.1% | ||
| Q3 24 | 24.4% | -26.2% | ||
| Q2 24 | 25.1% | -31.6% | ||
| Q1 24 | 25.9% | -70.2% |
| Q4 25 | 9.4% | -51.5% | ||
| Q3 25 | 7.3% | -204.0% | ||
| Q2 25 | 5.9% | -95.7% | ||
| Q1 25 | 6.5% | -172.9% | ||
| Q4 24 | 3.9% | -83.2% | ||
| Q3 24 | 4.3% | -141.9% | ||
| Q2 24 | 4.2% | -184.5% | ||
| Q1 24 | 5.9% | -254.5% |
| Q4 25 | 7.4% | -54.3% | ||
| Q3 25 | 5.8% | -196.1% | ||
| Q2 25 | 5.0% | -101.7% | ||
| Q1 25 | 5.2% | -149.1% | ||
| Q4 24 | 3.3% | -84.0% | ||
| Q3 24 | 3.6% | -137.8% | ||
| Q2 24 | 3.5% | -143.4% | ||
| Q1 24 | 4.8% | -118.6% |
| Q4 25 | $0.22 | $-0.43 | ||
| Q3 25 | $0.13 | $-3.78 | ||
| Q2 25 | $0.11 | $-1.79 | ||
| Q1 25 | $0.10 | $-1.42 | ||
| Q4 24 | $0.07 | $-2.29 | ||
| Q3 24 | $0.06 | $-1.99 | ||
| Q2 24 | $0.06 | $-2.18 | ||
| Q1 24 | $0.07 | $-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 | $9.9M | $103.8M |
| Stockholders' EquityBook value | $67.1M | $662.2M |
| Total Assets | $96.0M | $932.1M |
| Debt / EquityLower = less leverage | 0.15× | 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 | $19.8M | $297.5M |
| Q4 25 | $9.9M | $103.8M | ||
| Q3 25 | $12.5M | $106.4M | ||
| Q2 25 | $13.0M | $109.4M | ||
| Q1 25 | $13.2M | $112.3M | ||
| Q4 24 | $13.5M | $115.7M | ||
| Q3 24 | $13.8M | $112.7M | ||
| Q2 24 | $14.3M | $116.2M | ||
| Q1 24 | $14.6M | $107.2M |
| Q4 25 | $67.1M | $662.2M | ||
| Q3 25 | $61.1M | $556.2M | ||
| Q2 25 | $57.8M | $609.2M | ||
| Q1 25 | $55.1M | $635.2M | ||
| Q4 24 | $52.7M | $656.9M | ||
| Q3 24 | $51.1M | $675.8M | ||
| Q2 24 | $50.2M | $639.8M | ||
| Q1 24 | $49.3M | $663.9M |
| Q4 25 | $96.0M | $932.1M | ||
| Q3 25 | $90.9M | $830.5M | ||
| Q2 25 | $82.7M | $883.8M | ||
| Q1 25 | $79.7M | $907.5M | ||
| Q4 24 | $77.9M | $944.1M | ||
| Q3 24 | $77.4M | $948.9M | ||
| Q2 24 | $73.8M | $916.8M | ||
| Q1 24 | $74.7M | $923.2M |
| Q4 25 | 0.15× | 0.16× | ||
| Q3 25 | 0.20× | 0.19× | ||
| Q2 25 | 0.23× | 0.18× | ||
| Q1 25 | 0.24× | 0.18× | ||
| Q4 24 | 0.26× | 0.18× | ||
| Q3 24 | 0.27× | 0.17× | ||
| Q2 24 | 0.29× | 0.18× | ||
| Q1 24 | 0.30× | 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 | $-3.5M | $-22.9M |
| Free Cash FlowOCF − Capex | $-3.7M | $-23.9M |
| FCF MarginFCF / Revenue | -4.6% | -43.4% |
| Capex IntensityCapex / Revenue | 0.2% | 1.8% |
| Cash ConversionOCF / Net Profit | -0.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.4M | $-143.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.5M | $-22.9M | ||
| Q3 25 | $2.4M | $-26.8M | ||
| Q2 25 | $2.6M | $-29.9M | ||
| Q1 25 | $1.1M | $-45.7M | ||
| Q4 24 | $3.7M | $5.8M | ||
| Q3 24 | $3.4M | $-63.4M | ||
| Q2 24 | $-789.5K | $-37.1M | ||
| Q1 24 | $3.8M | $-58.3M |
| Q4 25 | $-3.7M | $-23.9M | ||
| Q3 25 | $2.2M | $-32.1M | ||
| Q2 25 | $2.1M | $-35.2M | ||
| Q1 25 | $746.6K | $-52.8M | ||
| Q4 24 | $3.2M | $-4.7M | ||
| Q3 24 | $1.5M | $-76.8M | ||
| Q2 24 | $-1.3M | $-50.3M | ||
| Q1 24 | $3.3M | $-68.8M |
| Q4 25 | -4.6% | -43.4% | ||
| Q3 25 | 3.8% | -68.6% | ||
| Q2 25 | 3.9% | -94.0% | ||
| Q1 25 | 1.5% | -277.8% | ||
| Q4 24 | 6.7% | -9.5% | ||
| Q3 24 | 3.1% | -324.0% | ||
| Q2 24 | -2.9% | -224.5% | ||
| Q1 24 | 8.4% | -412.4% |
| Q4 25 | 0.2% | 1.8% | ||
| Q3 25 | 0.4% | 11.2% | ||
| Q2 25 | 0.8% | 14.1% | ||
| Q1 25 | 0.8% | 37.2% | ||
| Q4 24 | 1.0% | 21.4% | ||
| Q3 24 | 4.2% | 56.6% | ||
| Q2 24 | 1.1% | 58.9% | ||
| Q1 24 | 1.1% | 63.3% |
| Q4 25 | -0.59× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.94× | — | ||
| Q1 25 | 0.45× | — | ||
| Q4 24 | 2.34× | — | ||
| Q3 24 | 2.05× | — | ||
| Q2 24 | -0.50× | — | ||
| Q1 24 | 1.99× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ELA
| Consumer Segment | $67.7M | 84% |
| Commercial Segment | $12.8M | 16% |
FCEL
| Other | $30.0M | 55% |
| Electricity Generation | $12.2M | 22% |
| Services | $7.3M | 13% |
| Advanced Technologies | $5.5M | 10% |
