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Side-by-side financial comparison of FUELCELL ENERGY INC (FCEL) and SMARTFINANCIAL INC. (SMBK). Click either name above to swap in a different company.
FUELCELL ENERGY INC is the larger business by last-quarter revenue ($55.0M vs $53.8M, roughly 1.0× SMARTFINANCIAL INC.). SMARTFINANCIAL INC. runs the higher net margin — 25.4% vs -54.3%, a 79.7% gap on every dollar of revenue. Over the past eight quarters, FUELCELL ENERGY INC's revenue compounded faster (81.6% CAGR vs 15.4%).
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.
SmartFinancial Inc. is a U.S.-based bank holding company that operates its wholly owned subsidiary SmartBank. It offers a full range of retail and commercial banking products including deposit accounts, personal and business loans, mortgage services, and wealth management solutions, primarily serving individual customers and small-to-medium enterprises across the Southeastern United States.
FCEL vs SMBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $55.0M | $53.8M |
| Net Profit | $-29.9M | $13.7M |
| Gross Margin | -12.1% | — |
| Operating Margin | -51.5% | — |
| Net Margin | -54.3% | 25.4% |
| Revenue YoY | 11.5% | — |
| Net Profit YoY | 27.9% | 21.6% |
| EPS (diluted) | $-0.43 | $0.81 |
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 | — | $53.8M | ||
| Q4 25 | $55.0M | $53.3M | ||
| Q3 25 | $46.7M | $51.1M | ||
| Q2 25 | $37.4M | $49.2M | ||
| Q1 25 | $19.0M | $46.8M | ||
| Q4 24 | $49.3M | $46.8M | ||
| Q3 24 | $23.7M | $44.2M | ||
| Q2 24 | $22.4M | $40.4M |
| Q1 26 | — | $13.7M | ||
| Q4 25 | $-29.9M | $13.7M | ||
| Q3 25 | $-91.7M | $13.7M | ||
| Q2 25 | $-38.0M | $11.7M | ||
| Q1 25 | $-28.3M | $11.3M | ||
| Q4 24 | $-41.4M | $9.6M | ||
| Q3 24 | $-32.7M | $9.1M | ||
| Q2 24 | $-32.1M | $8.0M |
| 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% | 31.3% | ||
| Q3 25 | -204.0% | 33.2% | ||
| Q2 25 | -95.7% | 29.0% | ||
| Q1 25 | -172.9% | 29.0% | ||
| Q4 24 | -83.2% | 26.5% | ||
| Q3 24 | -141.9% | 24.3% | ||
| Q2 24 | -184.5% | 25.6% |
| Q1 26 | — | 25.4% | ||
| Q4 25 | -54.3% | 25.7% | ||
| Q3 25 | -196.1% | 26.8% | ||
| Q2 25 | -101.7% | 23.8% | ||
| Q1 25 | -149.1% | 24.0% | ||
| Q4 24 | -84.0% | 20.6% | ||
| Q3 24 | -137.8% | 20.7% | ||
| Q2 24 | -143.4% | 19.8% |
| Q1 26 | — | $0.81 | ||
| Q4 25 | $-0.43 | $0.81 | ||
| Q3 25 | $-3.78 | $0.81 | ||
| Q2 25 | $-1.79 | $0.69 | ||
| Q1 25 | $-1.42 | $0.67 | ||
| Q4 24 | $-2.29 | $0.57 | ||
| Q3 24 | $-1.99 | $0.54 | ||
| Q2 24 | $-2.18 | $0.48 |
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 | $346.1M |
| Total DebtLower is stronger | $103.8M | — |
| Stockholders' EquityBook value | $662.2M | $562.2M |
| Total Assets | $932.1M | $5.9B |
| Debt / EquityLower = less leverage | 0.16× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $346.1M | ||
| Q4 25 | $278.1M | $464.4M | ||
| Q3 25 | $174.7M | $557.1M | ||
| Q2 25 | $177.0M | $365.1M | ||
| Q1 25 | $208.4M | $423.0M | ||
| Q4 24 | $257.3M | $387.6M | ||
| Q3 24 | $267.2M | $192.9M | ||
| Q2 24 | $260.1M | $342.8M |
| Q1 26 | — | — | ||
| Q4 25 | $103.8M | — | ||
| Q3 25 | $106.4M | $1.3M | ||
| Q2 25 | $109.4M | $7.0M | ||
| Q1 25 | $112.3M | $7.6M | ||
| Q4 24 | $115.7M | $8.1M | ||
| Q3 24 | $112.7M | $9.0M | ||
| Q2 24 | $116.2M | $12.7M |
| Q1 26 | — | $562.2M | ||
| Q4 25 | $662.2M | $552.4M | ||
| Q3 25 | $556.2M | $538.4M | ||
| Q2 25 | $609.2M | $519.0M | ||
| Q1 25 | $635.2M | $505.8M | ||
| Q4 24 | $656.9M | $491.3M | ||
| Q3 24 | $675.8M | $489.0M | ||
| Q2 24 | $639.8M | $472.5M |
| Q1 26 | — | $5.9B | ||
| Q4 25 | $932.1M | $5.9B | ||
| Q3 25 | $830.5M | $5.8B | ||
| Q2 25 | $883.8M | $5.5B | ||
| Q1 25 | $907.5M | $5.4B | ||
| Q4 24 | $944.1M | $5.3B | ||
| Q3 24 | $948.9M | $4.9B | ||
| Q2 24 | $916.8M | $4.9B |
| Q1 26 | — | — | ||
| Q4 25 | 0.16× | — | ||
| Q3 25 | 0.19× | 0.00× | ||
| Q2 25 | 0.18× | 0.01× | ||
| Q1 25 | 0.18× | 0.02× | ||
| Q4 24 | 0.18× | 0.02× | ||
| Q3 24 | 0.17× | 0.02× | ||
| Q2 24 | 0.18× | 0.03× |
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 | $61.7M | ||
| Q3 25 | $-26.8M | $16.9M | ||
| Q2 25 | $-29.9M | $14.0M | ||
| Q1 25 | $-45.7M | $14.3M | ||
| Q4 24 | $5.8M | $52.7M | ||
| Q3 24 | $-63.4M | $12.4M | ||
| Q2 24 | $-37.1M | $16.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-23.9M | $59.3M | ||
| Q3 25 | $-32.1M | $16.6M | ||
| Q2 25 | $-35.2M | $13.2M | ||
| Q1 25 | $-52.8M | $13.4M | ||
| Q4 24 | $-4.7M | $46.3M | ||
| Q3 24 | $-76.8M | $11.3M | ||
| Q2 24 | $-50.3M | $15.4M |
| Q1 26 | — | — | ||
| Q4 25 | -43.4% | 111.3% | ||
| Q3 25 | -68.6% | 32.4% | ||
| Q2 25 | -94.0% | 26.9% | ||
| Q1 25 | -277.8% | 28.5% | ||
| Q4 24 | -9.5% | 98.9% | ||
| Q3 24 | -324.0% | 25.7% | ||
| Q2 24 | -224.5% | 38.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.8% | 4.5% | ||
| Q3 25 | 11.2% | 0.6% | ||
| Q2 25 | 14.1% | 1.6% | ||
| Q1 25 | 37.2% | 2.0% | ||
| Q4 24 | 21.4% | 13.7% | ||
| Q3 24 | 56.6% | 2.4% | ||
| Q2 24 | 58.9% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.50× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | — | 5.47× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 2.07× |
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% |
SMBK
| Net Interest Income | $45.9M | 85% |
| Noninterest Income | $7.9M | 15% |
