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Side-by-side financial comparison of FUELCELL ENERGY INC (FCEL) and Origin Bancorp, Inc. (OBK). Click either name above to swap in a different company.
Origin Bancorp, Inc. is the larger business by last-quarter revenue ($104.0M vs $55.0M, roughly 1.9× FUELCELL ENERGY INC). Origin Bancorp, Inc. runs the higher net margin — 26.6% vs -54.3%, a 80.9% gap on every dollar of revenue. Over the past eight quarters, FUELCELL ENERGY INC's revenue compounded faster (81.6% CAGR vs 3.9%).
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.
Southern Bancorp is a community development financial institution headquartered in Arkadelphia, Arkansas. It was founded in 1986 as Southern Development Bancorporation, and is often referred to simply as "Southern".
FCEL vs OBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $55.0M | $104.0M |
| Net Profit | $-29.9M | $27.7M |
| Gross Margin | -12.1% | — |
| Operating Margin | -51.5% | — |
| Net Margin | -54.3% | 26.6% |
| Revenue YoY | 11.5% | — |
| Net Profit YoY | 27.9% | — |
| EPS (diluted) | $-0.43 | $0.89 |
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 | — | $104.0M | ||
| Q4 25 | $55.0M | $103.4M | ||
| Q3 25 | $46.7M | $109.8M | ||
| Q2 25 | $37.4M | $83.5M | ||
| Q1 25 | $19.0M | $94.1M | ||
| Q4 24 | $49.3M | $78.3M | ||
| Q3 24 | $23.7M | $90.8M | ||
| Q2 24 | $22.4M | $96.4M |
| Q1 26 | — | $27.7M | ||
| Q4 25 | $-29.9M | $29.5M | ||
| Q3 25 | $-91.7M | $8.6M | ||
| Q2 25 | $-38.0M | $14.6M | ||
| Q1 25 | $-28.3M | $22.4M | ||
| Q4 24 | $-41.4M | $14.3M | ||
| Q3 24 | $-32.7M | $18.6M | ||
| Q2 24 | $-32.1M | $21.0M |
| 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% | 36.2% | ||
| Q3 25 | -204.0% | 10.0% | ||
| Q2 25 | -95.7% | 22.3% | ||
| Q1 25 | -172.9% | 30.4% | ||
| Q4 24 | -83.2% | 23.0% | ||
| Q3 24 | -141.9% | 26.1% | ||
| Q2 24 | -184.5% | 27.7% |
| Q1 26 | — | 26.6% | ||
| Q4 25 | -54.3% | 28.5% | ||
| Q3 25 | -196.1% | 7.9% | ||
| Q2 25 | -101.7% | 17.5% | ||
| Q1 25 | -149.1% | 23.8% | ||
| Q4 24 | -84.0% | 18.2% | ||
| Q3 24 | -137.8% | 20.5% | ||
| Q2 24 | -143.4% | 21.8% |
| Q1 26 | — | $0.89 | ||
| Q4 25 | $-0.43 | $0.95 | ||
| Q3 25 | $-3.78 | $0.27 | ||
| Q2 25 | $-1.79 | $0.47 | ||
| Q1 25 | $-1.42 | $0.71 | ||
| Q4 24 | $-2.29 | $0.45 | ||
| Q3 24 | $-1.99 | $0.60 | ||
| Q2 24 | $-2.18 | $0.67 |
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 | $1.3B |
| Total Assets | $932.1M | $10.2B |
| Debt / EquityLower = less leverage | 0.16× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $278.1M | $424.2M | ||
| Q3 25 | $174.7M | $626.9M | ||
| Q2 25 | $177.0M | $334.1M | ||
| Q1 25 | $208.4M | $486.2M | ||
| Q4 24 | $257.3M | $470.2M | ||
| Q3 24 | $267.2M | $321.2M | ||
| Q2 24 | $260.1M | $288.1M |
| 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 | — | $1.3B | ||
| Q4 25 | $662.2M | $1.2B | ||
| Q3 25 | $556.2M | $1.2B | ||
| Q2 25 | $609.2M | $1.2B | ||
| Q1 25 | $635.2M | $1.2B | ||
| Q4 24 | $656.9M | $1.1B | ||
| Q3 24 | $675.8M | $1.1B | ||
| Q2 24 | $639.8M | $1.1B |
| Q1 26 | — | $10.2B | ||
| Q4 25 | $932.1M | $9.7B | ||
| Q3 25 | $830.5M | $9.8B | ||
| Q2 25 | $883.8M | $9.7B | ||
| Q1 25 | $907.5M | $9.8B | ||
| Q4 24 | $944.1M | $9.7B | ||
| Q3 24 | $948.9M | $10.0B | ||
| Q2 24 | $916.8M | $9.9B |
| 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 | $158.9M | ||
| Q3 25 | $-26.8M | $59.3M | ||
| Q2 25 | $-29.9M | $20.6M | ||
| Q1 25 | $-45.7M | $35.6M | ||
| Q4 24 | $5.8M | $108.5M | ||
| Q3 24 | $-63.4M | $39.6M | ||
| Q2 24 | $-37.1M | $11.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-23.9M | $151.1M | ||
| Q3 25 | $-32.1M | $56.8M | ||
| Q2 25 | $-35.2M | $19.6M | ||
| Q1 25 | $-52.8M | $34.8M | ||
| Q4 24 | $-4.7M | $86.4M | ||
| Q3 24 | $-76.8M | $32.2M | ||
| Q2 24 | $-50.3M | $6.5M |
| Q1 26 | — | — | ||
| Q4 25 | -43.4% | 146.0% | ||
| Q3 25 | -68.6% | 51.7% | ||
| Q2 25 | -94.0% | 23.5% | ||
| Q1 25 | -277.8% | 37.0% | ||
| Q4 24 | -9.5% | 110.3% | ||
| Q3 24 | -324.0% | 35.5% | ||
| Q2 24 | -224.5% | 6.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.8% | 7.6% | ||
| Q3 25 | 11.2% | 2.3% | ||
| Q2 25 | 14.1% | 1.2% | ||
| Q1 25 | 37.2% | 0.8% | ||
| Q4 24 | 21.4% | 28.1% | ||
| Q3 24 | 56.6% | 8.1% | ||
| Q2 24 | 58.9% | 5.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.38× | ||
| Q3 25 | — | 6.88× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 7.60× | ||
| Q3 24 | — | 2.13× | ||
| Q2 24 | — | 0.57× |
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% |
OBK
| Net Interest Income | $87.2M | 84% |
| Noninterest Income | $16.8M | 16% |
