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Side-by-side financial comparison of FUELCELL ENERGY INC (FCEL) and REGIS CORP (RGS). Click either name above to swap in a different company.

REGIS CORP is the larger business by last-quarter revenue ($57.1M vs $55.0M, roughly 1.0× FUELCELL ENERGY INC). REGIS CORP runs the higher net margin — 0.8% vs -54.3%, a 55.1% gap on every dollar of revenue. On growth, REGIS CORP posted the faster year-over-year revenue change (22.3% vs 11.5%). REGIS CORP produced more free cash flow last quarter ($891.0K vs $-23.9M). Over the past eight quarters, FUELCELL ENERGY INC's revenue compounded faster (81.6% CAGR vs 7.8%).

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.

Regis Corporation is an American operator of hair salons. As of August 2021, it has 5,563 franchised and 276 company-owned salons. Its headquarters are in Minneapolis, Minnesota.

FCEL vs RGS — Head-to-Head

Bigger by revenue
RGS
RGS
1.0× larger
RGS
$57.1M
$55.0M
FCEL
Growing faster (revenue YoY)
RGS
RGS
+10.7% gap
RGS
22.3%
11.5%
FCEL
Higher net margin
RGS
RGS
55.1% more per $
RGS
0.8%
-54.3%
FCEL
More free cash flow
RGS
RGS
$24.8M more FCF
RGS
$891.0K
$-23.9M
FCEL
Faster 2-yr revenue CAGR
FCEL
FCEL
Annualised
FCEL
81.6%
7.8%
RGS

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
FCEL
FCEL
RGS
RGS
Revenue
$55.0M
$57.1M
Net Profit
$-29.9M
$456.0K
Gross Margin
-12.1%
Operating Margin
-51.5%
10.8%
Net Margin
-54.3%
0.8%
Revenue YoY
11.5%
22.3%
Net Profit YoY
27.9%
-94.0%
EPS (diluted)
$-0.43
$0.16

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
RGS
RGS
Q4 25
$55.0M
$57.1M
Q3 25
$46.7M
$59.0M
Q2 25
$37.4M
$60.4M
Q1 25
$19.0M
$57.0M
Q4 24
$49.3M
$46.7M
Q3 24
$23.7M
$46.1M
Q2 24
$22.4M
$49.4M
Q1 24
$16.7M
$49.2M
Net Profit
FCEL
FCEL
RGS
RGS
Q4 25
$-29.9M
$456.0K
Q3 25
$-91.7M
$1.4M
Q2 25
$-38.0M
$116.5M
Q1 25
$-28.3M
$250.0K
Q4 24
$-41.4M
$7.6M
Q3 24
$-32.7M
$-853.0K
Q2 24
$-32.1M
$91.2M
Q1 24
$-19.8M
$-2.3M
Gross Margin
FCEL
FCEL
RGS
RGS
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%
Operating Margin
FCEL
FCEL
RGS
RGS
Q4 25
-51.5%
10.8%
Q3 25
-204.0%
10.0%
Q2 25
-95.7%
12.1%
Q1 25
-172.9%
8.8%
Q4 24
-83.2%
11.8%
Q3 24
-141.9%
4.6%
Q2 24
-184.5%
Q1 24
-254.5%
8.3%
Net Margin
FCEL
FCEL
RGS
RGS
Q4 25
-54.3%
0.8%
Q3 25
-196.1%
2.3%
Q2 25
-101.7%
192.9%
Q1 25
-149.1%
0.4%
Q4 24
-84.0%
16.4%
Q3 24
-137.8%
-1.9%
Q2 24
-143.4%
184.7%
Q1 24
-118.6%
-4.7%
EPS (diluted)
FCEL
FCEL
RGS
RGS
Q4 25
$-0.43
$0.16
Q3 25
$-3.78
$0.49
Q2 25
$-1.79
$43.67
Q1 25
$-1.42
$0.08
Q4 24
$-2.29
$2.71
Q3 24
$-1.99
$-0.36
Q2 24
$-2.18
$38.40
Q1 24
$-1.37
$-1.00

Balance Sheet & Financial Strength

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

Metric
FCEL
FCEL
RGS
RGS
Cash + ST InvestmentsLiquidity on hand
$278.1M
$18.4M
Total DebtLower is stronger
$103.8M
$113.3M
Stockholders' EquityBook value
$662.2M
$188.7M
Total Assets
$932.1M
$588.3M
Debt / EquityLower = less leverage
0.16×
0.60×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCEL
FCEL
RGS
RGS
Q4 25
$278.1M
$18.4M
Q3 25
$174.7M
$16.6M
Q2 25
$177.0M
$17.0M
Q1 25
$208.4M
$13.3M
Q4 24
$257.3M
$10.2M
Q3 24
$267.2M
$6.3M
Q2 24
$260.1M
$10.1M
Q1 24
$297.5M
$5.9M
Total Debt
FCEL
FCEL
RGS
RGS
Q4 25
$103.8M
$113.3M
Q3 25
$106.4M
$111.3M
Q2 25
$109.4M
$110.8M
Q1 25
$112.3M
$112.0M
Q4 24
$115.7M
$111.5M
Q3 24
$112.7M
$95.2M
Q2 24
$116.2M
$99.5M
Q1 24
$107.2M
$179.7M
Stockholders' Equity
FCEL
FCEL
RGS
RGS
Q4 25
$662.2M
$188.7M
Q3 25
$556.2M
$187.6M
Q2 25
$609.2M
$185.6M
Q1 25
$635.2M
$68.6M
Q4 24
$656.9M
$66.7M
Q3 24
$675.8M
$56.4M
Q2 24
$639.8M
$56.8M
Q1 24
$663.9M
$-35.8M
Total Assets
FCEL
FCEL
RGS
RGS
Q4 25
$932.1M
$588.3M
Q3 25
$830.5M
$592.1M
Q2 25
$883.8M
$599.0M
Q1 25
$907.5M
$511.2M
Q4 24
$944.1M
$530.1M
Q3 24
$948.9M
$508.9M
Q2 24
$916.8M
$530.5M
Q1 24
$923.2M
$543.7M
Debt / Equity
FCEL
FCEL
RGS
RGS
Q4 25
0.16×
0.60×
Q3 25
0.19×
0.59×
Q2 25
0.18×
0.60×
Q1 25
0.18×
1.63×
Q4 24
0.18×
1.67×
Q3 24
0.17×
1.69×
Q2 24
0.18×
1.75×
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
RGS
RGS
Operating Cash FlowLast quarter
$-22.9M
$1.7M
Free Cash FlowOCF − Capex
$-23.9M
$891.0K
FCF MarginFCF / Revenue
-43.4%
1.6%
Capex IntensityCapex / Revenue
1.8%
1.4%
Cash ConversionOCF / Net Profit
3.65×
TTM Free Cash FlowTrailing 4 quarters
$-143.9M
$14.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCEL
FCEL
RGS
RGS
Q4 25
$-22.9M
$1.7M
Q3 25
$-26.8M
$2.3M
Q2 25
$-29.9M
$6.8M
Q1 25
$-45.7M
$6.2M
Q4 24
$5.8M
$2.1M
Q3 24
$-63.4M
$-1.3M
Q2 24
$-37.1M
$5.1M
Q1 24
$-58.3M
$-277.0K
Free Cash Flow
FCEL
FCEL
RGS
RGS
Q4 25
$-23.9M
$891.0K
Q3 25
$-32.1M
$1.9M
Q2 25
$-35.2M
$6.2M
Q1 25
$-52.8M
$5.9M
Q4 24
$-4.7M
$1.7M
Q3 24
$-76.8M
$-1.4M
Q2 24
$-50.3M
$5.1M
Q1 24
$-68.8M
$-326.0K
FCF Margin
FCEL
FCEL
RGS
RGS
Q4 25
-43.4%
1.6%
Q3 25
-68.6%
3.2%
Q2 25
-94.0%
10.3%
Q1 25
-277.8%
10.3%
Q4 24
-9.5%
3.6%
Q3 24
-324.0%
-3.0%
Q2 24
-224.5%
10.3%
Q1 24
-412.4%
-0.7%
Capex Intensity
FCEL
FCEL
RGS
RGS
Q4 25
1.8%
1.4%
Q3 25
11.2%
0.7%
Q2 25
14.1%
0.9%
Q1 25
37.2%
0.6%
Q4 24
21.4%
0.9%
Q3 24
56.6%
0.0%
Q2 24
58.9%
0.0%
Q1 24
63.3%
0.1%
Cash Conversion
FCEL
FCEL
RGS
RGS
Q4 25
3.65×
Q3 25
1.68×
Q2 25
0.06×
Q1 25
24.80×
Q4 24
0.28×
Q3 24
Q2 24
0.06×
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%

RGS
RGS

Franchise Segment$37.9M66%
Royalty$13.6M24%
Other$2.8M5%
Fees$1.8M3%
Franchise Fees$1.0M2%

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