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Side-by-side financial comparison of FUELCELL ENERGY INC (FCEL) and FIRSTSUN CAPITAL BANCORP (FSUN). Click either name above to swap in a different company.
FIRSTSUN CAPITAL BANCORP is the larger business by last-quarter revenue ($110.0M vs $55.0M, roughly 2.0× FUELCELL ENERGY INC). FIRSTSUN CAPITAL BANCORP runs the higher net margin — 19.6% vs -54.3%, a 73.9% gap on every dollar of revenue. Over the past eight quarters, FUELCELL ENERGY INC's revenue compounded faster (81.6% CAGR vs 6.9%).
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.
FirstSun Capital Bancorp is a U.S.-headquartered financial holding company that offers a comprehensive range of banking and financial services, including commercial and consumer lending, deposit products, wealth management, and treasury solutions. It mainly serves individual customers, small and medium-sized enterprises, and corporate clients across U.S. regional markets.
FCEL vs FSUN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $55.0M | $110.0M |
| Net Profit | $-29.9M | $21.6M |
| Gross Margin | -12.1% | — |
| Operating Margin | -51.5% | — |
| Net Margin | -54.3% | 19.6% |
| Revenue YoY | 11.5% | — |
| Net Profit YoY | 27.9% | -8.4% |
| EPS (diluted) | $-0.43 | $0.76 |
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 | — | $110.0M | ||
| Q4 25 | $55.0M | $110.2M | ||
| Q3 25 | $46.7M | $107.3M | ||
| Q2 25 | $37.4M | $105.6M | ||
| Q1 25 | $19.0M | $96.2M | ||
| Q4 24 | $49.3M | $98.7M | ||
| Q3 24 | $23.7M | $98.2M | ||
| Q2 24 | $22.4M | $96.2M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-29.9M | $24.8M | ||
| Q3 25 | $-91.7M | $23.2M | ||
| Q2 25 | $-38.0M | $26.4M | ||
| Q1 25 | $-28.3M | $23.6M | ||
| Q4 24 | $-41.4M | $16.4M | ||
| Q3 24 | $-32.7M | $22.4M | ||
| Q2 24 | $-32.1M | $24.6M |
| 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% | 29.0% | ||
| Q3 25 | -204.0% | 26.4% | ||
| Q2 25 | -95.7% | 31.2% | ||
| Q1 25 | -172.9% | 30.9% | ||
| Q4 24 | -83.2% | 20.4% | ||
| Q3 24 | -141.9% | 29.1% | ||
| Q2 24 | -184.5% | 32.3% |
| Q1 26 | — | 19.6% | ||
| Q4 25 | -54.3% | 22.5% | ||
| Q3 25 | -196.1% | 21.6% | ||
| Q2 25 | -101.7% | 25.0% | ||
| Q1 25 | -149.1% | 24.5% | ||
| Q4 24 | -84.0% | 16.6% | ||
| Q3 24 | -137.8% | 22.8% | ||
| Q2 24 | -143.4% | 25.5% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $-0.43 | $0.89 | ||
| Q3 25 | $-3.78 | $0.82 | ||
| Q2 25 | $-1.79 | $0.93 | ||
| Q1 25 | $-1.42 | $0.83 | ||
| Q4 24 | $-2.29 | $0.57 | ||
| Q3 24 | $-1.99 | $0.79 | ||
| Q2 24 | $-2.18 | $0.88 |
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 | $413.7M |
| Total DebtLower is stronger | $103.8M | — |
| Stockholders' EquityBook value | $662.2M | $1.2B |
| Total Assets | $932.1M | $8.6B |
| Debt / EquityLower = less leverage | 0.16× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $413.7M | ||
| Q4 25 | $278.1M | $652.6M | ||
| Q3 25 | $174.7M | $659.9M | ||
| Q2 25 | $177.0M | $785.1M | ||
| Q1 25 | $208.4M | $621.4M | ||
| Q4 24 | $257.3M | $615.9M | ||
| Q3 24 | $267.2M | $573.7M | ||
| Q2 24 | $260.1M | $535.8M |
| 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 | — | $1.2B | ||
| Q4 25 | $662.2M | $1.2B | ||
| Q3 25 | $556.2M | $1.1B | ||
| Q2 25 | $609.2M | $1.1B | ||
| Q1 25 | $635.2M | $1.1B | ||
| Q4 24 | $656.9M | $1.0B | ||
| Q3 24 | $675.8M | $1.0B | ||
| Q2 24 | $639.8M | $996.6M |
| Q1 26 | — | $8.6B | ||
| Q4 25 | $932.1M | $8.5B | ||
| Q3 25 | $830.5M | $8.5B | ||
| Q2 25 | $883.8M | $8.4B | ||
| Q1 25 | $907.5M | $8.2B | ||
| Q4 24 | $944.1M | $8.1B | ||
| Q3 24 | $948.9M | $8.1B | ||
| Q2 24 | $916.8M | $8.0B |
| 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 | $111.5M | ||
| Q3 25 | $-26.8M | $49.4M | ||
| Q2 25 | $-29.9M | $15.0M | ||
| Q1 25 | $-45.7M | $26.4M | ||
| Q4 24 | $5.8M | $101.1M | ||
| Q3 24 | $-63.4M | $48.1M | ||
| Q2 24 | $-37.1M | $20.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-23.9M | $104.0M | ||
| Q3 25 | $-32.1M | $47.6M | ||
| Q2 25 | $-35.2M | $13.0M | ||
| Q1 25 | $-52.8M | $24.3M | ||
| Q4 24 | $-4.7M | $95.7M | ||
| Q3 24 | $-76.8M | $47.1M | ||
| Q2 24 | $-50.3M | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | -43.4% | 94.3% | ||
| Q3 25 | -68.6% | 44.4% | ||
| Q2 25 | -94.0% | 12.3% | ||
| Q1 25 | -277.8% | 25.3% | ||
| Q4 24 | -9.5% | 97.0% | ||
| Q3 24 | -324.0% | 47.9% | ||
| Q2 24 | -224.5% | 20.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.8% | 6.8% | ||
| Q3 25 | 11.2% | 1.6% | ||
| Q2 25 | 14.1% | 1.9% | ||
| Q1 25 | 37.2% | 2.1% | ||
| Q4 24 | 21.4% | 5.5% | ||
| Q3 24 | 56.6% | 1.1% | ||
| Q2 24 | 58.9% | 1.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.49× | ||
| Q3 25 | — | 2.13× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | 6.18× | ||
| Q3 24 | — | 2.15× | ||
| Q2 24 | — | 0.85× |
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% |
FSUN
| Net Interest Income | $82.8M | 75% |
| Noninterest Income | $27.2M | 25% |
