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Side-by-side financial comparison of FUELCELL ENERGY INC (FCEL) and FARMERS NATIONAL BANC CORP (FMNB). Click either name above to swap in a different company.
FARMERS NATIONAL BANC CORP is the larger business by last-quarter revenue ($71.5M vs $55.0M, roughly 1.3× FUELCELL ENERGY INC). FARMERS NATIONAL BANC CORP runs the higher net margin — 20.5% vs -54.3%, a 74.8% gap on every dollar of revenue. On growth, FUELCELL ENERGY INC posted the faster year-over-year revenue change (11.5% vs 3.2%). FARMERS NATIONAL BANC CORP produced more free cash flow last quarter ($52.2M vs $-23.9M). Over the past eight quarters, FUELCELL ENERGY INC's revenue compounded faster (81.6% CAGR vs 6.2%).
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.
Farmers National Banc Corp (OH) is a regional financial holding company based in Ohio, the United States. It offers full-spectrum retail and commercial banking products, wealth management solutions, and insurance services, primarily catering to individual consumers, small and medium-sized enterprises, and local community clients in Ohio and adjacent Midwestern U.S. regions.
FCEL vs FMNB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $55.0M | $71.5M |
| Net Profit | $-29.9M | $14.6M |
| Gross Margin | -12.1% | — |
| Operating Margin | -51.5% | 24.8% |
| Net Margin | -54.3% | 20.5% |
| Revenue YoY | 11.5% | 3.2% |
| Net Profit YoY | 27.9% | 1.7% |
| EPS (diluted) | $-0.43 | $0.39 |
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 | $55.0M | $71.5M | ||
| Q3 25 | $46.7M | $70.8M | ||
| Q2 25 | $37.4M | $69.8M | ||
| Q1 25 | $19.0M | $67.8M | ||
| Q4 24 | $49.3M | $69.3M | ||
| Q3 24 | $23.7M | $70.3M | ||
| Q2 24 | $22.4M | $66.5M | ||
| Q1 24 | $16.7M | $63.4M |
| Q4 25 | $-29.9M | $14.6M | ||
| Q3 25 | $-91.7M | $12.5M | ||
| Q2 25 | $-38.0M | $13.9M | ||
| Q1 25 | $-28.3M | $13.6M | ||
| Q4 24 | $-41.4M | $14.4M | ||
| Q3 24 | $-32.7M | $8.5M | ||
| Q2 24 | $-32.1M | $11.8M | ||
| Q1 24 | $-19.8M | $11.2M |
| 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% | — |
| Q4 25 | -51.5% | 24.8% | ||
| Q3 25 | -204.0% | 20.7% | ||
| Q2 25 | -95.7% | 23.4% | ||
| Q1 25 | -172.9% | 24.1% | ||
| Q4 24 | -83.2% | 25.5% | ||
| Q3 24 | -141.9% | 14.4% | ||
| Q2 24 | -184.5% | 21.3% | ||
| Q1 24 | -254.5% | 21.2% |
| Q4 25 | -54.3% | 20.5% | ||
| Q3 25 | -196.1% | 17.6% | ||
| Q2 25 | -101.7% | 19.9% | ||
| Q1 25 | -149.1% | 20.0% | ||
| Q4 24 | -84.0% | 20.8% | ||
| Q3 24 | -137.8% | 12.1% | ||
| Q2 24 | -143.4% | 17.7% | ||
| Q1 24 | -118.6% | 17.7% |
| Q4 25 | $-0.43 | $0.39 | ||
| Q3 25 | $-3.78 | $0.33 | ||
| Q2 25 | $-1.79 | $0.37 | ||
| Q1 25 | $-1.42 | $0.36 | ||
| Q4 24 | $-2.29 | $0.38 | ||
| Q3 24 | $-1.99 | $0.23 | ||
| Q2 24 | $-2.18 | $0.31 | ||
| Q1 24 | $-1.37 | $0.30 |
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 | $86.7M |
| Stockholders' EquityBook value | $662.2M | $485.7M |
| Total Assets | $932.1M | $5.2B |
| Debt / EquityLower = less leverage | 0.16× | 0.18× |
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 | $297.5M | — |
| Q4 25 | $103.8M | $86.7M | ||
| Q3 25 | $106.4M | $86.6M | ||
| Q2 25 | $109.4M | $86.4M | ||
| Q1 25 | $112.3M | $86.3M | ||
| Q4 24 | $115.7M | $86.2M | ||
| Q3 24 | $112.7M | $86.0M | ||
| Q2 24 | $116.2M | $88.9M | ||
| Q1 24 | $107.2M | $88.8M |
| Q4 25 | $662.2M | $485.7M | ||
| Q3 25 | $556.2M | $465.9M | ||
| Q2 25 | $609.2M | $437.7M | ||
| Q1 25 | $635.2M | $429.1M | ||
| Q4 24 | $656.9M | $406.0M | ||
| Q3 24 | $675.8M | $439.7M | ||
| Q2 24 | $639.8M | $396.7M | ||
| Q1 24 | $663.9M | $397.0M |
| Q4 25 | $932.1M | $5.2B | ||
| Q3 25 | $830.5M | $5.2B | ||
| Q2 25 | $883.8M | $5.2B | ||
| Q1 25 | $907.5M | $5.2B | ||
| Q4 24 | $944.1M | $5.1B | ||
| Q3 24 | $948.9M | $5.2B | ||
| Q2 24 | $916.8M | $5.2B | ||
| Q1 24 | $923.2M | $5.1B |
| Q4 25 | 0.16× | 0.18× | ||
| Q3 25 | 0.19× | 0.19× | ||
| Q2 25 | 0.18× | 0.20× | ||
| Q1 25 | 0.18× | 0.20× | ||
| Q4 24 | 0.18× | 0.21× | ||
| Q3 24 | 0.17× | 0.20× | ||
| Q2 24 | 0.18× | 0.22× | ||
| Q1 24 | 0.16× | 0.22× |
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 | $60.0M |
| Free Cash FlowOCF − Capex | $-23.9M | $52.2M |
| FCF MarginFCF / Revenue | -43.4% | 73.0% |
| Capex IntensityCapex / Revenue | 1.8% | 11.0% |
| Cash ConversionOCF / Net Profit | — | 4.10× |
| TTM Free Cash FlowTrailing 4 quarters | $-143.9M | $85.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-22.9M | $60.0M | ||
| Q3 25 | $-26.8M | $10.7M | ||
| Q2 25 | $-29.9M | $14.0M | ||
| Q1 25 | $-45.7M | $15.7M | ||
| Q4 24 | $5.8M | $66.6M | ||
| Q3 24 | $-63.4M | $23.9M | ||
| Q2 24 | $-37.1M | $16.6M | ||
| Q1 24 | $-58.3M | $13.7M |
| Q4 25 | $-23.9M | $52.2M | ||
| Q3 25 | $-32.1M | $9.0M | ||
| Q2 25 | $-35.2M | $12.4M | ||
| Q1 25 | $-52.8M | $12.2M | ||
| Q4 24 | $-4.7M | $54.9M | ||
| Q3 24 | $-76.8M | $20.4M | ||
| Q2 24 | $-50.3M | $14.4M | ||
| Q1 24 | $-68.8M | $12.2M |
| Q4 25 | -43.4% | 73.0% | ||
| Q3 25 | -68.6% | 12.8% | ||
| Q2 25 | -94.0% | 17.8% | ||
| Q1 25 | -277.8% | 18.0% | ||
| Q4 24 | -9.5% | 79.2% | ||
| Q3 24 | -324.0% | 29.1% | ||
| Q2 24 | -224.5% | 21.6% | ||
| Q1 24 | -412.4% | 19.2% |
| Q4 25 | 1.8% | 11.0% | ||
| Q3 25 | 11.2% | 2.4% | ||
| Q2 25 | 14.1% | 2.3% | ||
| Q1 25 | 37.2% | 5.2% | ||
| Q4 24 | 21.4% | 16.9% | ||
| Q3 24 | 56.6% | 4.9% | ||
| Q2 24 | 58.9% | 3.3% | ||
| Q1 24 | 63.3% | 2.4% |
| Q4 25 | — | 4.10× | ||
| Q3 25 | — | 0.86× | ||
| Q2 25 | — | 1.01× | ||
| Q1 25 | — | 1.15× | ||
| Q4 24 | — | 4.63× | ||
| Q3 24 | — | 2.80× | ||
| Q2 24 | — | 1.41× | ||
| Q1 24 | — | 1.22× |
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% |
FMNB
Segment breakdown not available.
