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Side-by-side financial comparison of FUELCELL ENERGY INC (FCEL) and RxSight, Inc. (RXST). Click either name above to swap in a different company.
FUELCELL ENERGY INC is the larger business by last-quarter revenue ($55.0M vs $32.6M, roughly 1.7× RxSight, Inc.). RxSight, Inc. runs the higher net margin — -28.1% vs -54.3%, a 26.2% gap on every dollar of revenue. On growth, FUELCELL ENERGY INC posted the faster year-over-year revenue change (11.5% vs -18.9%). RxSight, Inc. produced more free cash flow last quarter ($-2.3M vs $-23.9M). Over the past eight quarters, FUELCELL ENERGY INC's revenue compounded faster (81.6% CAGR vs 5.1%).
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.
RxSight, Inc. is a medical technology company focused on developing and commercializing innovative intraocular lens solutions for patients undergoing cataract and refractive lens exchange procedures. Its flagship Light Adjustable Lens allows post-surgery power adjustment via a dedicated light delivery device, serving global ophthalmology care markets to improve post-operative visual outcomes for patients.
FCEL vs RXST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $55.0M | $32.6M |
| Net Profit | $-29.9M | $-9.2M |
| Gross Margin | -12.1% | 77.5% |
| Operating Margin | -51.5% | -34.8% |
| Net Margin | -54.3% | -28.1% |
| Revenue YoY | 11.5% | -18.9% |
| Net Profit YoY | 27.9% | -54.1% |
| EPS (diluted) | $-0.43 | $-0.22 |
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 | $32.6M | ||
| Q3 25 | $46.7M | $30.3M | ||
| Q2 25 | $37.4M | $33.6M | ||
| Q1 25 | $19.0M | $37.9M | ||
| Q4 24 | $49.3M | $40.2M | ||
| Q3 24 | $23.7M | $35.3M | ||
| Q2 24 | $22.4M | $34.9M | ||
| Q1 24 | $16.7M | $29.5M |
| Q4 25 | $-29.9M | $-9.2M | ||
| Q3 25 | $-91.7M | $-9.8M | ||
| Q2 25 | $-38.0M | $-11.8M | ||
| Q1 25 | $-28.3M | $-8.2M | ||
| Q4 24 | $-41.4M | $-5.9M | ||
| Q3 24 | $-32.7M | $-6.3M | ||
| Q2 24 | $-32.1M | $-6.1M | ||
| Q1 24 | $-19.8M | $-9.1M |
| Q4 25 | -12.1% | 77.5% | ||
| Q3 25 | -11.0% | 79.9% | ||
| Q2 25 | -25.2% | 74.9% | ||
| Q1 25 | -27.4% | 74.8% | ||
| Q4 24 | -22.1% | 71.6% | ||
| Q3 24 | -26.2% | 71.4% | ||
| Q2 24 | -31.6% | 69.5% | ||
| Q1 24 | -70.2% | 70.1% |
| Q4 25 | -51.5% | -34.8% | ||
| Q3 25 | -204.0% | -40.1% | ||
| Q2 25 | -95.7% | -41.6% | ||
| Q1 25 | -172.9% | -28.2% | ||
| Q4 24 | -83.2% | -21.5% | ||
| Q3 24 | -141.9% | -26.1% | ||
| Q2 24 | -184.5% | -23.9% | ||
| Q1 24 | -254.5% | -36.2% |
| Q4 25 | -54.3% | -28.1% | ||
| Q3 25 | -196.1% | -32.4% | ||
| Q2 25 | -101.7% | -35.0% | ||
| Q1 25 | -149.1% | -21.6% | ||
| Q4 24 | -84.0% | -14.8% | ||
| Q3 24 | -137.8% | -17.9% | ||
| Q2 24 | -143.4% | -17.4% | ||
| Q1 24 | -118.6% | -30.8% |
| Q4 25 | $-0.43 | $-0.22 | ||
| Q3 25 | $-3.78 | $-0.24 | ||
| Q2 25 | $-1.79 | $-0.29 | ||
| Q1 25 | $-1.42 | $-0.20 | ||
| Q4 24 | $-2.29 | $-0.14 | ||
| Q3 24 | $-1.99 | $-0.16 | ||
| Q2 24 | $-2.18 | $-0.16 | ||
| Q1 24 | $-1.37 | $-0.25 |
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 | $228.1M |
| Total DebtLower is stronger | $103.8M | — |
| Stockholders' EquityBook value | $662.2M | $275.7M |
| Total Assets | $932.1M | $311.8M |
| Debt / EquityLower = less leverage | 0.16× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $278.1M | $228.1M | ||
| Q3 25 | $174.7M | $227.5M | ||
| Q2 25 | $177.0M | $227.5M | ||
| Q1 25 | $208.4M | $229.3M | ||
| Q4 24 | $257.3M | $237.2M | ||
| Q3 24 | $267.2M | $237.1M | ||
| Q2 24 | $260.1M | $233.3M | ||
| Q1 24 | $297.5M | $125.4M |
| 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 | — |
| Q4 25 | $662.2M | $275.7M | ||
| Q3 25 | $556.2M | $276.0M | ||
| Q2 25 | $609.2M | $278.0M | ||
| Q1 25 | $635.2M | $279.3M | ||
| Q4 24 | $656.9M | $281.2M | ||
| Q3 24 | $675.8M | $277.3M | ||
| Q2 24 | $639.8M | $275.2M | ||
| Q1 24 | $663.9M | $163.9M |
| Q4 25 | $932.1M | $311.8M | ||
| Q3 25 | $830.5M | $308.5M | ||
| Q2 25 | $883.8M | $309.0M | ||
| Q1 25 | $907.5M | $313.0M | ||
| Q4 24 | $944.1M | $318.6M | ||
| Q3 24 | $948.9M | $310.5M | ||
| Q2 24 | $916.8M | $305.5M | ||
| Q1 24 | $923.2M | $183.2M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-22.9M | $-1.1M |
| Free Cash FlowOCF − Capex | $-23.9M | $-2.3M |
| FCF MarginFCF / Revenue | -43.4% | -6.9% |
| Capex IntensityCapex / Revenue | 1.8% | 3.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-143.9M | $-19.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-22.9M | $-1.1M | ||
| Q3 25 | $-26.8M | $-1.2M | ||
| Q2 25 | $-29.9M | $-4.4M | ||
| Q1 25 | $-45.7M | $-8.8M | ||
| Q4 24 | $5.8M | $-4.3M | ||
| Q3 24 | $-63.4M | $650.0K | ||
| Q2 24 | $-37.1M | $-4.0M | ||
| Q1 24 | $-58.3M | $-9.3M |
| Q4 25 | $-23.9M | $-2.3M | ||
| Q3 25 | $-32.1M | $-1.8M | ||
| Q2 25 | $-35.2M | $-5.9M | ||
| Q1 25 | $-52.8M | $-9.4M | ||
| Q4 24 | $-4.7M | $-5.1M | ||
| Q3 24 | $-76.8M | $-453.0K | ||
| Q2 24 | $-50.3M | $-5.5M | ||
| Q1 24 | $-68.8M | $-11.3M |
| Q4 25 | -43.4% | -6.9% | ||
| Q3 25 | -68.6% | -5.8% | ||
| Q2 25 | -94.0% | -17.6% | ||
| Q1 25 | -277.8% | -24.8% | ||
| Q4 24 | -9.5% | -12.7% | ||
| Q3 24 | -324.0% | -1.3% | ||
| Q2 24 | -224.5% | -15.9% | ||
| Q1 24 | -412.4% | -38.2% |
| Q4 25 | 1.8% | 3.5% | ||
| Q3 25 | 11.2% | 1.9% | ||
| Q2 25 | 14.1% | 4.6% | ||
| Q1 25 | 37.2% | 1.5% | ||
| Q4 24 | 21.4% | 2.1% | ||
| Q3 24 | 56.6% | 3.1% | ||
| Q2 24 | 58.9% | 4.4% | ||
| Q1 24 | 63.3% | 6.7% |
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% |
RXST
| Rxlal | $28.2M | 86% |
| LDD | $3.0M | 9% |
| Service Warranty Service Contracts And Accessories | $1.5M | 4% |
