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Side-by-side financial comparison of FUELCELL ENERGY INC (FCEL) and Information Services Group Inc. (III). Click either name above to swap in a different company.

Information Services Group Inc. is the larger business by last-quarter revenue ($61.2M vs $55.0M, roughly 1.1× FUELCELL ENERGY INC). Information Services Group Inc. runs the higher net margin — 4.3% vs -54.3%, a 58.6% gap on every dollar of revenue. On growth, FUELCELL ENERGY INC posted the faster year-over-year revenue change (11.5% vs 5.9%). Information Services Group Inc. produced more free cash flow last quarter ($4.3M vs $-23.9M). Over the past eight quarters, FUELCELL ENERGY INC's revenue compounded faster (81.6% CAGR vs -2.4%).

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.

EBSCO Information Services, headquartered in Ipswich, Massachusetts, is a division of EBSCO Industries Inc., a private company headquartered in Birmingham, Alabama. EBSCO provides products and services to libraries of many types around the world. Its products include EBSCONET, a complete e-resource management system, and EBSCOhost, which supplies a fee-based online research service with 375 full-text databases, a collection of 600,000-plus ebooks, subject indexes, point-of-care medical refere...

FCEL vs III — Head-to-Head

Bigger by revenue
III
III
1.1× larger
III
$61.2M
$55.0M
FCEL
Growing faster (revenue YoY)
FCEL
FCEL
+5.6% gap
FCEL
11.5%
5.9%
III
Higher net margin
III
III
58.6% more per $
III
4.3%
-54.3%
FCEL
More free cash flow
III
III
$28.2M more FCF
III
$4.3M
$-23.9M
FCEL
Faster 2-yr revenue CAGR
FCEL
FCEL
Annualised
FCEL
81.6%
-2.4%
III

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FCEL
FCEL
III
III
Revenue
$55.0M
$61.2M
Net Profit
$-29.9M
$2.6M
Gross Margin
-12.1%
44.8%
Operating Margin
-51.5%
8.4%
Net Margin
-54.3%
4.3%
Revenue YoY
11.5%
5.9%
Net Profit YoY
27.9%
-14.1%
EPS (diluted)
$-0.43
$0.06

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
FCEL
FCEL
III
III
Q4 25
$55.0M
$61.2M
Q3 25
$46.7M
$62.4M
Q2 25
$37.4M
$61.6M
Q1 25
$19.0M
$59.6M
Q4 24
$49.3M
$57.8M
Q3 24
$23.7M
$61.3M
Q2 24
$22.4M
$64.3M
Q1 24
$16.7M
$64.3M
Net Profit
FCEL
FCEL
III
III
Q4 25
$-29.9M
$2.6M
Q3 25
$-91.7M
$3.1M
Q2 25
$-38.0M
$2.2M
Q1 25
$-28.3M
$1.5M
Q4 24
$-41.4M
$3.0M
Q3 24
$-32.7M
$1.1M
Q2 24
$-32.1M
$2.0M
Q1 24
$-19.8M
$-3.4M
Gross Margin
FCEL
FCEL
III
III
Q4 25
-12.1%
44.8%
Q3 25
-11.0%
42.2%
Q2 25
-25.2%
42.2%
Q1 25
-27.4%
43.1%
Q4 24
-22.1%
41.5%
Q3 24
-26.2%
40.4%
Q2 24
-31.6%
39.5%
Q1 24
-70.2%
36.1%
Operating Margin
FCEL
FCEL
III
III
Q4 25
-51.5%
8.4%
Q3 25
-204.0%
7.4%
Q2 25
-95.7%
7.6%
Q1 25
-172.9%
5.7%
Q4 24
-83.2%
0.3%
Q3 24
-141.9%
7.0%
Q2 24
-184.5%
5.7%
Q1 24
-254.5%
-3.7%
Net Margin
FCEL
FCEL
III
III
Q4 25
-54.3%
4.3%
Q3 25
-196.1%
4.9%
Q2 25
-101.7%
3.5%
Q1 25
-149.1%
2.5%
Q4 24
-84.0%
5.3%
Q3 24
-137.8%
1.9%
Q2 24
-143.4%
3.2%
Q1 24
-118.6%
-5.3%
EPS (diluted)
FCEL
FCEL
III
III
Q4 25
$-0.43
$0.06
Q3 25
$-3.78
$0.06
Q2 25
$-1.79
$0.04
Q1 25
$-1.42
$0.03
Q4 24
$-2.29
$0.07
Q3 24
$-1.99
$0.02
Q2 24
$-2.18
$0.04
Q1 24
$-1.37
$-0.07

Balance Sheet & Financial Strength

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

Metric
FCEL
FCEL
III
III
Cash + ST InvestmentsLiquidity on hand
$278.1M
$28.7M
Total DebtLower is stronger
$103.8M
Stockholders' EquityBook value
$662.2M
$94.7M
Total Assets
$932.1M
$211.0M
Debt / EquityLower = less leverage
0.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCEL
FCEL
III
III
Q4 25
$278.1M
$28.7M
Q3 25
$174.7M
$28.7M
Q2 25
$177.0M
$25.2M
Q1 25
$208.4M
$20.1M
Q4 24
$257.3M
$23.1M
Q3 24
$267.2M
$9.7M
Q2 24
$260.1M
$11.8M
Q1 24
$297.5M
$14.0M
Total Debt
FCEL
FCEL
III
III
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
FCEL
FCEL
III
III
Q4 25
$662.2M
$94.7M
Q3 25
$556.2M
$94.7M
Q2 25
$609.2M
$94.1M
Q1 25
$635.2M
$95.0M
Q4 24
$656.9M
$96.3M
Q3 24
$675.8M
$96.6M
Q2 24
$639.8M
$95.5M
Q1 24
$663.9M
$95.6M
Total Assets
FCEL
FCEL
III
III
Q4 25
$932.1M
$211.0M
Q3 25
$830.5M
$213.3M
Q2 25
$883.8M
$200.7M
Q1 25
$907.5M
$202.4M
Q4 24
$944.1M
$204.5M
Q3 24
$948.9M
$227.1M
Q2 24
$916.8M
$235.3M
Q1 24
$923.2M
$234.2M
Debt / Equity
FCEL
FCEL
III
III
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
FCEL
FCEL
III
III
Operating Cash FlowLast quarter
$-22.9M
$5.1M
Free Cash FlowOCF − Capex
$-23.9M
$4.3M
FCF MarginFCF / Revenue
-43.4%
7.0%
Capex IntensityCapex / Revenue
1.8%
1.2%
Cash ConversionOCF / Net Profit
1.94×
TTM Free Cash FlowTrailing 4 quarters
$-143.9M
$25.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCEL
FCEL
III
III
Q4 25
$-22.9M
$5.1M
Q3 25
$-26.8M
$11.1M
Q2 25
$-29.9M
$11.9M
Q1 25
$-45.7M
$978.0K
Q4 24
$5.8M
$6.6M
Q3 24
$-63.4M
$8.8M
Q2 24
$-37.1M
$2.2M
Q1 24
$-58.3M
$2.3M
Free Cash Flow
FCEL
FCEL
III
III
Q4 25
$-23.9M
$4.3M
Q3 25
$-32.1M
$9.5M
Q2 25
$-35.2M
$11.1M
Q1 25
$-52.8M
$141.0K
Q4 24
$-4.7M
$6.0M
Q3 24
$-76.8M
$8.4M
Q2 24
$-50.3M
$1.3M
Q1 24
$-68.8M
$1.3M
FCF Margin
FCEL
FCEL
III
III
Q4 25
-43.4%
7.0%
Q3 25
-68.6%
15.2%
Q2 25
-94.0%
18.0%
Q1 25
-277.8%
0.2%
Q4 24
-9.5%
10.4%
Q3 24
-324.0%
13.7%
Q2 24
-224.5%
2.0%
Q1 24
-412.4%
2.0%
Capex Intensity
FCEL
FCEL
III
III
Q4 25
1.8%
1.2%
Q3 25
11.2%
2.5%
Q2 25
14.1%
1.4%
Q1 25
37.2%
1.4%
Q4 24
21.4%
0.9%
Q3 24
56.6%
0.6%
Q2 24
58.9%
1.4%
Q1 24
63.3%
1.6%
Cash Conversion
FCEL
FCEL
III
III
Q4 25
1.94×
Q3 25
3.62×
Q2 25
5.46×
Q1 25
0.66×
Q4 24
2.15×
Q3 24
7.66×
Q2 24
1.07×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

FCEL
FCEL

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

III
III

Segment breakdown not available.

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