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Side-by-side financial comparison of FUELCELL ENERGY INC (FCEL) and Finwise Bancorp (FINW). Click either name above to swap in a different company.
FUELCELL ENERGY INC is the larger business by last-quarter revenue ($55.0M vs $42.7M, roughly 1.3× Finwise Bancorp). Finwise Bancorp runs the higher net margin — 6.4% vs -54.3%, a 60.7% gap on every dollar of revenue. Over the past eight quarters, FUELCELL ENERGY INC's revenue compounded faster (81.6% CAGR vs 47.0%).
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.
Finwise Bancorp is a U.S.-based financial holding company that operates primarily through its community banking subsidiary. It offers a full suite of retail and commercial financial services, including deposit accounts, personal loans, mortgage products, small business financing, and wealth management solutions, serving local retail consumers and small to medium-sized business clients across its regional operating markets.
FCEL vs FINW — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $55.0M | $42.7M |
| Net Profit | $-29.9M | $2.7M |
| Gross Margin | -12.1% | — |
| Operating Margin | -51.5% | — |
| Net Margin | -54.3% | 6.4% |
| Revenue YoY | 11.5% | — |
| Net Profit YoY | 27.9% | — |
| EPS (diluted) | $-0.43 | $0.20 |
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.
| Q1 26 | — | $42.7M | ||
| Q4 25 | $55.0M | $46.9M | ||
| Q3 25 | $46.7M | $36.7M | ||
| Q2 25 | $37.4M | $25.1M | ||
| Q1 25 | $19.0M | $22.1M | ||
| Q4 24 | $49.3M | $21.1M | ||
| Q3 24 | $23.7M | $20.8M | ||
| Q2 24 | $22.4M | $19.8M |
| Q1 26 | — | $2.7M | ||
| Q4 25 | $-29.9M | $3.9M | ||
| Q3 25 | $-91.7M | $4.9M | ||
| Q2 25 | $-38.0M | $4.1M | ||
| Q1 25 | $-28.3M | $3.2M | ||
| Q4 24 | $-41.4M | $2.8M | ||
| Q3 24 | $-32.7M | $3.5M | ||
| Q2 24 | $-32.1M | $3.2M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -51.5% | 11.7% | ||
| Q3 25 | -204.0% | 17.5% | ||
| Q2 25 | -95.7% | 21.7% | ||
| Q1 25 | -172.9% | 20.1% | ||
| Q4 24 | -83.2% | 17.5% | ||
| Q3 24 | -141.9% | 22.2% | ||
| Q2 24 | -184.5% | 21.1% |
| Q1 26 | — | 6.4% | ||
| Q4 25 | -54.3% | 8.4% | ||
| Q3 25 | -196.1% | 13.3% | ||
| Q2 25 | -101.7% | 16.3% | ||
| Q1 25 | -149.1% | 14.4% | ||
| Q4 24 | -84.0% | 13.2% | ||
| Q3 24 | -137.8% | 16.6% | ||
| Q2 24 | -143.4% | 16.1% |
| Q1 26 | — | $0.20 | ||
| Q4 25 | $-0.43 | $0.27 | ||
| Q3 25 | $-3.78 | $0.34 | ||
| Q2 25 | $-1.79 | $0.29 | ||
| Q1 25 | $-1.42 | $0.23 | ||
| Q4 24 | $-2.29 | $0.19 | ||
| Q3 24 | $-1.99 | $0.25 | ||
| Q2 24 | $-2.18 | $0.24 |
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 | $103.8M | — |
| Stockholders' EquityBook value | $662.2M | $196.6M |
| Total Assets | $932.1M | $899.4M |
| Debt / EquityLower = less leverage | 0.16× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $278.1M | $163.4M | ||
| Q3 25 | $174.7M | $105.6M | ||
| Q2 25 | $177.0M | $90.1M | ||
| Q1 25 | $208.4M | $120.3M | ||
| Q4 24 | $257.3M | $109.2M | ||
| Q3 24 | $267.2M | $85.8M | ||
| Q2 24 | $260.1M | $89.0M |
| Q1 26 | — | — | ||
| 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 26 | — | $196.6M | ||
| Q4 25 | $662.2M | $193.2M | ||
| Q3 25 | $556.2M | $187.8M | ||
| Q2 25 | $609.2M | $182.0M | ||
| Q1 25 | $635.2M | $177.4M | ||
| Q4 24 | $656.9M | $173.7M | ||
| Q3 24 | $675.8M | $170.4M | ||
| Q2 24 | $639.8M | $165.8M |
| Q1 26 | — | $899.4M | ||
| Q4 25 | $932.1M | $977.1M | ||
| Q3 25 | $830.5M | $899.9M | ||
| Q2 25 | $883.8M | $842.5M | ||
| Q1 25 | $907.5M | $804.1M | ||
| Q4 24 | $944.1M | $746.0M | ||
| Q3 24 | $948.9M | $683.0M | ||
| Q2 24 | $916.8M | $617.8M |
| Q1 26 | — | — | ||
| 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× | — |
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 | $-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.
| Q1 26 | — | — | ||
| Q4 25 | $-22.9M | $-28.4M | ||
| Q3 25 | $-26.8M | $3.5M | ||
| Q2 25 | $-29.9M | $-18.3M | ||
| Q1 25 | $-45.7M | $-21.6M | ||
| Q4 24 | $5.8M | $-15.0M | ||
| Q3 24 | $-63.4M | $-9.8M | ||
| Q2 24 | $-37.1M | $-7.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-23.9M | $-28.6M | ||
| Q3 25 | $-32.1M | $3.4M | ||
| Q2 25 | $-35.2M | $-19.8M | ||
| Q1 25 | $-52.8M | $-23.3M | ||
| Q4 24 | $-4.7M | $-16.1M | ||
| Q3 24 | $-76.8M | $-13.4M | ||
| Q2 24 | $-50.3M | $-7.7M |
| Q1 26 | — | — | ||
| Q4 25 | -43.4% | -61.1% | ||
| Q3 25 | -68.6% | 9.4% | ||
| Q2 25 | -94.0% | -79.0% | ||
| Q1 25 | -277.8% | -105.3% | ||
| Q4 24 | -9.5% | -76.0% | ||
| Q3 24 | -324.0% | -64.3% | ||
| Q2 24 | -224.5% | -38.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.8% | 0.5% | ||
| Q3 25 | 11.2% | 0.1% | ||
| Q2 25 | 14.1% | 5.8% | ||
| Q1 25 | 37.2% | 7.4% | ||
| Q4 24 | 21.4% | 5.1% | ||
| Q3 24 | 56.6% | 17.2% | ||
| Q2 24 | 58.9% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | -7.26× | ||
| Q3 25 | — | 0.71× | ||
| Q2 25 | — | -4.48× | ||
| Q1 25 | — | -6.78× | ||
| Q4 24 | — | -5.37× | ||
| Q3 24 | — | -2.84× | ||
| Q2 24 | — | -2.39× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FCEL
| Other | $30.0M | 55% |
| Electricity Generation | $12.2M | 22% |
| Services | $7.3M | 13% |
| Advanced Technologies | $5.5M | 10% |
FINW
| Net Interest Income | $28.1M | 66% |
| Noninterest Income | $14.6M | 34% |
