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Side-by-side financial comparison of FARMER BROTHERS CO (FARM) and FUELCELL ENERGY INC (FCEL). Click either name above to swap in a different company.

FARMER BROTHERS CO is the larger business by last-quarter revenue ($88.9M vs $55.0M, roughly 1.6× FUELCELL ENERGY INC). FARMER BROTHERS CO runs the higher net margin — -5.5% vs -54.3%, a 48.8% gap on every dollar of revenue. On growth, FUELCELL ENERGY INC posted the faster year-over-year revenue change (11.5% vs -1.2%). FARMER BROTHERS CO produced more free cash flow last quarter ($-2.6M vs $-23.9M). Over the past eight quarters, FUELCELL ENERGY INC's revenue compounded faster (81.6% CAGR vs 2.1%).

Farmer Bros. Co. is an American coffee foodservice company based in Fort Worth, Texas. The company specializes in the manufacture and distribution of coffee, tea, and approximately 300 other foodservice items used by restaurants and other establishments. John Moore serves as the company's president and chief executive officer.

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.

FARM vs FCEL — Head-to-Head

Bigger by revenue
FARM
FARM
1.6× larger
FARM
$88.9M
$55.0M
FCEL
Growing faster (revenue YoY)
FCEL
FCEL
+12.8% gap
FCEL
11.5%
-1.2%
FARM
Higher net margin
FARM
FARM
48.8% more per $
FARM
-5.5%
-54.3%
FCEL
More free cash flow
FARM
FARM
$21.3M more FCF
FARM
$-2.6M
$-23.9M
FCEL
Faster 2-yr revenue CAGR
FCEL
FCEL
Annualised
FCEL
81.6%
2.1%
FARM

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FARM
FARM
FCEL
FCEL
Revenue
$88.9M
$55.0M
Net Profit
$-4.9M
$-29.9M
Gross Margin
36.3%
-12.1%
Operating Margin
-4.7%
-51.5%
Net Margin
-5.5%
-54.3%
Revenue YoY
-1.2%
11.5%
Net Profit YoY
-2417.1%
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.

Revenue
FARM
FARM
FCEL
FCEL
Q4 25
$88.9M
$55.0M
Q3 25
$81.6M
$46.7M
Q2 25
$85.1M
$37.4M
Q1 25
$82.1M
$19.0M
Q4 24
$90.0M
$49.3M
Q3 24
$85.1M
$23.7M
Q2 24
$84.4M
$22.4M
Q1 24
$85.4M
$16.7M
Net Profit
FARM
FARM
FCEL
FCEL
Q4 25
$-4.9M
$-29.9M
Q3 25
$-4.0M
$-91.7M
Q2 25
$-4.7M
$-38.0M
Q1 25
$-5.0M
$-28.3M
Q4 24
$210.0K
$-41.4M
Q3 24
$-5.0M
$-32.7M
Q2 24
$-4.6M
$-32.1M
Q1 24
$-682.0K
$-19.8M
Gross Margin
FARM
FARM
FCEL
FCEL
Q4 25
36.3%
-12.1%
Q3 25
39.7%
-11.0%
Q2 25
44.9%
-25.2%
Q1 25
42.1%
-27.4%
Q4 24
43.1%
-22.1%
Q3 24
43.9%
-26.2%
Q2 24
38.8%
-31.6%
Q1 24
40.1%
-70.2%
Operating Margin
FARM
FARM
FCEL
FCEL
Q4 25
-4.7%
-51.5%
Q3 25
-3.9%
-204.0%
Q2 25
4.6%
-95.7%
Q1 25
-4.3%
-172.9%
Q4 24
1.1%
-83.2%
Q3 24
-3.3%
-141.9%
Q2 24
-4.9%
-184.5%
Q1 24
-0.5%
-254.5%
Net Margin
FARM
FARM
FCEL
FCEL
Q4 25
-5.5%
-54.3%
Q3 25
-4.9%
-196.1%
Q2 25
-5.6%
-101.7%
Q1 25
-6.1%
-149.1%
Q4 24
0.2%
-84.0%
Q3 24
-5.9%
-137.8%
Q2 24
-5.4%
-143.4%
Q1 24
-0.8%
-118.6%
EPS (diluted)
FARM
FARM
FCEL
FCEL
Q4 25
$-0.22
$-0.43
Q3 25
$-0.19
$-3.78
Q2 25
$-0.22
$-1.79
Q1 25
$-0.23
$-1.42
Q4 24
$0.01
$-2.29
Q3 24
$-0.24
$-1.99
Q2 24
$-0.23
$-2.18
Q1 24
$-0.03
$-1.37

Balance Sheet & Financial Strength

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

Metric
FARM
FARM
FCEL
FCEL
Cash + ST InvestmentsLiquidity on hand
$4.2M
$278.1M
Total DebtLower is stronger
$103.8M
Stockholders' EquityBook value
$35.7M
$662.2M
Total Assets
$151.4M
$932.1M
Debt / EquityLower = less leverage
0.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FARM
FARM
FCEL
FCEL
Q4 25
$4.2M
$278.1M
Q3 25
$3.8M
$174.7M
Q2 25
$6.8M
$177.0M
Q1 25
$4.1M
$208.4M
Q4 24
$5.5M
$257.3M
Q3 24
$3.3M
$267.2M
Q2 24
$5.8M
$260.1M
Q1 24
$5.5M
$297.5M
Total Debt
FARM
FARM
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
FARM
FARM
FCEL
FCEL
Q4 25
$35.7M
$662.2M
Q3 25
$40.0M
$556.2M
Q2 25
$43.5M
$609.2M
Q1 25
$37.3M
$635.2M
Q4 24
$41.5M
$656.9M
Q3 24
$40.9M
$675.8M
Q2 24
$45.5M
$639.8M
Q1 24
$43.1M
$663.9M
Total Assets
FARM
FARM
FCEL
FCEL
Q4 25
$151.4M
$932.1M
Q3 25
$158.8M
$830.5M
Q2 25
$161.2M
$883.8M
Q1 25
$163.2M
$907.5M
Q4 24
$179.1M
$944.1M
Q3 24
$182.0M
$948.9M
Q2 24
$185.2M
$916.8M
Q1 24
$179.1M
$923.2M
Debt / Equity
FARM
FARM
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
FARM
FARM
FCEL
FCEL
Operating Cash FlowLast quarter
$-786.0K
$-22.9M
Free Cash FlowOCF − Capex
$-2.6M
$-23.9M
FCF MarginFCF / Revenue
-2.9%
-43.4%
Capex IntensityCapex / Revenue
2.1%
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
FARM
FARM
FCEL
FCEL
Q4 25
$-786.0K
$-22.9M
Q3 25
$-5.0M
$-26.8M
Q2 25
$9.7M
$-29.9M
Q1 25
$1.3M
$-45.7M
Q4 24
$2.6M
$5.8M
Q3 24
$2.5M
$-63.4M
Q2 24
$-995.0K
$-37.1M
Q1 24
$-2.3M
$-58.3M
Free Cash Flow
FARM
FARM
FCEL
FCEL
Q4 25
$-2.6M
$-23.9M
Q3 25
$-6.9M
$-32.1M
Q2 25
$-35.2M
Q1 25
$-684.0K
$-52.8M
Q4 24
$521.0K
$-4.7M
Q3 24
$-837.0K
$-76.8M
Q2 24
$-50.3M
Q1 24
$-5.7M
$-68.8M
FCF Margin
FARM
FARM
FCEL
FCEL
Q4 25
-2.9%
-43.4%
Q3 25
-8.5%
-68.6%
Q2 25
-94.0%
Q1 25
-0.8%
-277.8%
Q4 24
0.6%
-9.5%
Q3 24
-1.0%
-324.0%
Q2 24
-224.5%
Q1 24
-6.7%
-412.4%
Capex Intensity
FARM
FARM
FCEL
FCEL
Q4 25
2.1%
1.8%
Q3 25
2.4%
11.2%
Q2 25
14.1%
Q1 25
2.4%
37.2%
Q4 24
2.3%
21.4%
Q3 24
3.9%
56.6%
Q2 24
58.9%
Q1 24
4.0%
63.3%
Cash Conversion
FARM
FARM
FCEL
FCEL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
12.16×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

FARM
FARM

Coffee Roasted$45.5M51%
Tea Iced Hot$23.3M26%
Culinary$14.1M16%
Spice$4.9M5%
Fuel Surcharge$1.2M1%

FCEL
FCEL

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

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