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Side-by-side financial comparison of FUELCELL ENERGY INC (FCEL) and LIFECORE BIOMEDICAL, INC. \DE\ (LFCR). Click either name above to swap in a different company.
FUELCELL ENERGY INC is the larger business by last-quarter revenue ($55.0M vs $31.1M, roughly 1.8× LIFECORE BIOMEDICAL, INC. \DE\). LIFECORE BIOMEDICAL, INC. \DE\ runs the higher net margin — -32.1% vs -54.3%, a 22.2% gap on every dollar of revenue. On growth, FUELCELL ENERGY INC posted the faster year-over-year revenue change (11.5% vs -4.5%). LIFECORE BIOMEDICAL, INC. \DE\ produced more free cash flow last quarter ($25.0K vs $-23.9M). Over the past eight quarters, FUELCELL ENERGY INC's revenue compounded faster (81.6% CAGR vs -0.1%).
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.
LIFECORE BIOMEDICAL, INC. is a biomedical firm focused on developing and manufacturing high-quality hyaluronic acid-based biomaterials. It operates three core segments: medical application products, pharmaceutical solutions, and personal care ingredients, with main markets spanning North America, Europe and the Asia-Pacific, supplying to leading medical device, pharmaceutical and cosmetic brand partners.
FCEL vs LFCR — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $55.0M | $31.1M |
| Net Profit | $-29.9M | $-10.0M |
| Gross Margin | -12.1% | 25.0% |
| Operating Margin | -51.5% | -9.9% |
| Net Margin | -54.3% | -32.1% |
| Revenue YoY | 11.5% | -4.5% |
| Net Profit YoY | 27.9% | -52.0% |
| EPS (diluted) | $-0.43 | $-0.29 |
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 | — | ||
| Q3 25 | $46.7M | $31.1M | ||
| Q2 25 | $37.4M | — | ||
| Q1 25 | $19.0M | $35.2M | ||
| Q4 24 | $49.3M | $32.6M | ||
| Q3 24 | $23.7M | $24.7M | ||
| Q2 24 | $22.4M | — | ||
| Q1 24 | $16.7M | $35.7M |
| Q4 25 | $-29.9M | — | ||
| Q3 25 | $-91.7M | $-10.0M | ||
| Q2 25 | $-38.0M | — | ||
| Q1 25 | $-28.3M | $-14.8M | ||
| Q4 24 | $-41.4M | $-6.6M | ||
| Q3 24 | $-32.7M | $-16.2M | ||
| Q2 24 | $-32.1M | — | ||
| Q1 24 | $-19.8M | $15.6M |
| Q4 25 | -12.1% | — | ||
| Q3 25 | -11.0% | 25.0% | ||
| Q2 25 | -25.2% | — | ||
| Q1 25 | -27.4% | 28.0% | ||
| Q4 24 | -22.1% | 34.0% | ||
| Q3 24 | -26.2% | 21.8% | ||
| Q2 24 | -31.6% | — | ||
| Q1 24 | -70.2% | 33.3% |
| Q4 25 | -51.5% | — | ||
| Q3 25 | -204.0% | -9.9% | ||
| Q2 25 | -95.7% | — | ||
| Q1 25 | -172.9% | -25.7% | ||
| Q4 24 | -83.2% | -6.0% | ||
| Q3 24 | -141.9% | -46.9% | ||
| Q2 24 | -184.5% | — | ||
| Q1 24 | -254.5% | -2.5% |
| Q4 25 | -54.3% | — | ||
| Q3 25 | -196.1% | -32.1% | ||
| Q2 25 | -101.7% | — | ||
| Q1 25 | -149.1% | -42.0% | ||
| Q4 24 | -84.0% | -20.2% | ||
| Q3 24 | -137.8% | -65.7% | ||
| Q2 24 | -143.4% | — | ||
| Q1 24 | -118.6% | 43.8% |
| Q4 25 | $-0.43 | — | ||
| Q3 25 | $-3.78 | $-0.29 | ||
| Q2 25 | $-1.79 | — | ||
| Q1 25 | $-1.42 | $-0.47 | ||
| Q4 24 | $-2.29 | $-0.25 | ||
| Q3 24 | $-1.99 | $-0.53 | ||
| Q2 24 | $-2.18 | — | ||
| Q1 24 | $-1.37 | $0.42 |
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 | $18.9M |
| Total DebtLower is stronger | $103.8M | $136.0M |
| Stockholders' EquityBook value | $662.2M | $-10.5M |
| Total Assets | $932.1M | $235.2M |
| Debt / EquityLower = less leverage | 0.16× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $278.1M | — | ||
| Q3 25 | $174.7M | $18.9M | ||
| Q2 25 | $177.0M | — | ||
| Q1 25 | $208.4M | $5.4M | ||
| Q4 24 | $257.3M | $9.5M | ||
| Q3 24 | $267.2M | — | ||
| Q2 24 | $260.1M | — | ||
| Q1 24 | $297.5M | — |
| Q4 25 | $103.8M | — | ||
| Q3 25 | $106.4M | $136.0M | ||
| Q2 25 | $109.4M | — | ||
| Q1 25 | $112.3M | $124.9M | ||
| Q4 24 | $115.7M | $111.3M | ||
| Q3 24 | $112.7M | $106.3M | ||
| Q2 24 | $116.2M | — | ||
| Q1 24 | $107.2M | $97.1M |
| Q4 25 | $662.2M | — | ||
| Q3 25 | $556.2M | $-10.5M | ||
| Q2 25 | $609.2M | — | ||
| Q1 25 | $635.2M | $2.2M | ||
| Q4 24 | $656.9M | $15.4M | ||
| Q3 24 | $675.8M | $-3.9M | ||
| Q2 24 | $639.8M | — | ||
| Q1 24 | $663.9M | $17.7M |
| Q4 25 | $932.1M | — | ||
| Q3 25 | $830.5M | $235.2M | ||
| Q2 25 | $883.8M | — | ||
| Q1 25 | $907.5M | $237.7M | ||
| Q4 24 | $944.1M | $255.4M | ||
| Q3 24 | $948.9M | $246.8M | ||
| Q2 24 | $916.8M | — | ||
| Q1 24 | $923.2M | $246.2M |
| Q4 25 | 0.16× | — | ||
| Q3 25 | 0.19× | — | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | 0.18× | 56.05× | ||
| Q4 24 | 0.18× | 7.20× | ||
| Q3 24 | 0.17× | — | ||
| Q2 24 | 0.18× | — | ||
| Q1 24 | 0.16× | 5.49× |
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 | $1.8M |
| Free Cash FlowOCF − Capex | $-23.9M | $25.0K |
| FCF MarginFCF / Revenue | -43.4% | 0.1% |
| Capex IntensityCapex / Revenue | 1.8% | 5.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-143.9M | $-16.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-22.9M | — | ||
| Q3 25 | $-26.8M | $1.8M | ||
| Q2 25 | $-29.9M | — | ||
| Q1 25 | $-45.7M | $1.2M | ||
| Q4 24 | $5.8M | $-6.1M | ||
| Q3 24 | $-63.4M | $-613.0K | ||
| Q2 24 | $-37.1M | — | ||
| Q1 24 | $-58.3M | $-1.4M |
| Q4 25 | $-23.9M | — | ||
| Q3 25 | $-32.1M | $25.0K | ||
| Q2 25 | $-35.2M | — | ||
| Q1 25 | $-52.8M | $-4.3M | ||
| Q4 24 | $-4.7M | $-8.6M | ||
| Q3 24 | $-76.8M | $-4.0M | ||
| Q2 24 | $-50.3M | — | ||
| Q1 24 | $-68.8M | $-7.8M |
| Q4 25 | -43.4% | — | ||
| Q3 25 | -68.6% | 0.1% | ||
| Q2 25 | -94.0% | — | ||
| Q1 25 | -277.8% | -12.1% | ||
| Q4 24 | -9.5% | -26.3% | ||
| Q3 24 | -324.0% | -16.3% | ||
| Q2 24 | -224.5% | — | ||
| Q1 24 | -412.4% | -21.8% |
| Q4 25 | 1.8% | — | ||
| Q3 25 | 11.2% | 5.6% | ||
| Q2 25 | 14.1% | — | ||
| Q1 25 | 37.2% | 15.5% | ||
| Q4 24 | 21.4% | 7.5% | ||
| Q3 24 | 56.6% | 13.9% | ||
| Q2 24 | 58.9% | — | ||
| Q1 24 | 63.3% | 17.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.09× |
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% |
LFCR
| Transferred At Point In Time | $26.6M | 85% |
| Transferred Over Time | $4.5M | 15% |
