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Side-by-side financial comparison of FUELCELL ENERGY INC (FCEL) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
TACTILE SYSTEMS TECHNOLOGY INC is the larger business by last-quarter revenue ($103.6M vs $55.0M, roughly 1.9× FUELCELL ENERGY INC). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs -54.3%, a 64.6% gap on every dollar of revenue. On growth, TACTILE SYSTEMS TECHNOLOGY INC posted the faster year-over-year revenue change (21.0% vs 11.5%). TACTILE SYSTEMS TECHNOLOGY INC produced more free cash flow last quarter ($16.8M vs $-23.9M). Over the past eight quarters, FUELCELL ENERGY INC's revenue compounded faster (81.6% CAGR vs 30.2%).
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.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
FCEL vs TCMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $55.0M | $103.6M |
| Net Profit | $-29.9M | $10.6M |
| Gross Margin | -12.1% | 78.2% |
| Operating Margin | -51.5% | 18.1% |
| Net Margin | -54.3% | 10.3% |
| Revenue YoY | 11.5% | 21.0% |
| Net Profit YoY | 27.9% | 9.4% |
| EPS (diluted) | $-0.43 | $0.45 |
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 | $103.6M | ||
| Q3 25 | $46.7M | $85.8M | ||
| Q2 25 | $37.4M | $78.9M | ||
| Q1 25 | $19.0M | $61.3M | ||
| Q4 24 | $49.3M | $85.6M | ||
| Q3 24 | $23.7M | $73.1M | ||
| Q2 24 | $22.4M | $73.2M | ||
| Q1 24 | $16.7M | $61.1M |
| Q4 25 | $-29.9M | $10.6M | ||
| Q3 25 | $-91.7M | $8.2M | ||
| Q2 25 | $-38.0M | $3.2M | ||
| Q1 25 | $-28.3M | $-3.0M | ||
| Q4 24 | $-41.4M | $9.7M | ||
| Q3 24 | $-32.7M | $5.2M | ||
| Q2 24 | $-32.1M | $4.3M | ||
| Q1 24 | $-19.8M | $-2.2M |
| Q4 25 | -12.1% | 78.2% | ||
| Q3 25 | -11.0% | 75.8% | ||
| Q2 25 | -25.2% | 74.5% | ||
| Q1 25 | -27.4% | 74.0% | ||
| Q4 24 | -22.1% | 75.2% | ||
| Q3 24 | -26.2% | 75.0% | ||
| Q2 24 | -31.6% | 73.9% | ||
| Q1 24 | -70.2% | 71.1% |
| Q4 25 | -51.5% | 18.1% | ||
| Q3 25 | -204.0% | 12.8% | ||
| Q2 25 | -95.7% | 5.2% | ||
| Q1 25 | -172.9% | -7.4% | ||
| Q4 24 | -83.2% | 14.6% | ||
| Q3 24 | -141.9% | 9.3% | ||
| Q2 24 | -184.5% | 8.0% | ||
| Q1 24 | -254.5% | -4.9% |
| Q4 25 | -54.3% | 10.3% | ||
| Q3 25 | -196.1% | 9.6% | ||
| Q2 25 | -101.7% | 4.1% | ||
| Q1 25 | -149.1% | -4.9% | ||
| Q4 24 | -84.0% | 11.4% | ||
| Q3 24 | -137.8% | 7.1% | ||
| Q2 24 | -143.4% | 5.9% | ||
| Q1 24 | -118.6% | -3.6% |
| Q4 25 | $-0.43 | $0.45 | ||
| Q3 25 | $-3.78 | $0.36 | ||
| Q2 25 | $-1.79 | $0.14 | ||
| Q1 25 | $-1.42 | $-0.13 | ||
| Q4 24 | $-2.29 | $0.40 | ||
| Q3 24 | $-1.99 | $0.21 | ||
| Q2 24 | $-2.18 | $0.18 | ||
| Q1 24 | $-1.37 | $-0.09 |
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 | $83.4M |
| Total DebtLower is stronger | $103.8M | $0 |
| Stockholders' EquityBook value | $662.2M | $218.9M |
| Total Assets | $932.1M | $273.9M |
| Debt / EquityLower = less leverage | 0.16× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $278.1M | $83.4M | ||
| Q3 25 | $174.7M | $66.0M | ||
| Q2 25 | $177.0M | $81.5M | ||
| Q1 25 | $208.4M | $83.6M | ||
| Q4 24 | $257.3M | $94.4M | ||
| Q3 24 | $267.2M | $82.1M | ||
| Q2 24 | $260.1M | $73.6M | ||
| Q1 24 | $297.5M | $60.7M |
| Q4 25 | $103.8M | $0 | ||
| Q3 25 | $106.4M | $0 | ||
| Q2 25 | $109.4M | — | ||
| Q1 25 | $112.3M | — | ||
| Q4 24 | $115.7M | — | ||
| Q3 24 | $112.7M | $27.0M | ||
| Q2 24 | $116.2M | $27.8M | ||
| Q1 24 | $107.2M | $28.5M |
| Q4 25 | $662.2M | $218.9M | ||
| Q3 25 | $556.2M | $204.9M | ||
| Q2 25 | $609.2M | $194.9M | ||
| Q1 25 | $635.2M | $205.6M | ||
| Q4 24 | $656.9M | $216.6M | ||
| Q3 24 | $675.8M | $207.9M | ||
| Q2 24 | $639.8M | $200.7M | ||
| Q1 24 | $663.9M | $193.5M |
| Q4 25 | $932.1M | $273.9M | ||
| Q3 25 | $830.5M | $259.2M | ||
| Q2 25 | $883.8M | $273.0M | ||
| Q1 25 | $907.5M | $280.2M | ||
| Q4 24 | $944.1M | $297.9M | ||
| Q3 24 | $948.9M | $287.7M | ||
| Q2 24 | $916.8M | $278.8M | ||
| Q1 24 | $923.2M | $272.0M |
| Q4 25 | 0.16× | 0.00× | ||
| Q3 25 | 0.19× | 0.00× | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.17× | 0.13× | ||
| Q2 24 | 0.18× | 0.14× | ||
| Q1 24 | 0.16× | 0.15× |
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 | $17.3M |
| Free Cash FlowOCF − Capex | $-23.9M | $16.8M |
| FCF MarginFCF / Revenue | -43.4% | 16.2% |
| Capex IntensityCapex / Revenue | 1.8% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $-143.9M | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-22.9M | $17.3M | ||
| Q3 25 | $-26.8M | $10.3M | ||
| Q2 25 | $-29.9M | $14.8M | ||
| Q1 25 | $-45.7M | $417.0K | ||
| Q4 24 | $5.8M | $16.3M | ||
| Q3 24 | $-63.4M | $10.3M | ||
| Q2 24 | $-37.1M | $13.1M | ||
| Q1 24 | $-58.3M | $924.0K |
| Q4 25 | $-23.9M | $16.8M | ||
| Q3 25 | $-32.1M | $9.2M | ||
| Q2 25 | $-35.2M | $14.4M | ||
| Q1 25 | $-52.8M | $38.0K | ||
| Q4 24 | $-4.7M | $15.9M | ||
| Q3 24 | $-76.8M | $9.3M | ||
| Q2 24 | $-50.3M | $12.6M | ||
| Q1 24 | $-68.8M | $442.0K |
| Q4 25 | -43.4% | 16.2% | ||
| Q3 25 | -68.6% | 10.8% | ||
| Q2 25 | -94.0% | 18.2% | ||
| Q1 25 | -277.8% | 0.1% | ||
| Q4 24 | -9.5% | 18.5% | ||
| Q3 24 | -324.0% | 12.7% | ||
| Q2 24 | -224.5% | 17.3% | ||
| Q1 24 | -412.4% | 0.7% |
| Q4 25 | 1.8% | 0.5% | ||
| Q3 25 | 11.2% | 1.3% | ||
| Q2 25 | 14.1% | 0.5% | ||
| Q1 25 | 37.2% | 0.6% | ||
| Q4 24 | 21.4% | 0.5% | ||
| Q3 24 | 56.6% | 1.3% | ||
| Q2 24 | 58.9% | 0.7% | ||
| Q1 24 | 63.3% | 0.8% |
| Q4 25 | — | 1.63× | ||
| Q3 25 | — | 1.26× | ||
| Q2 25 | — | 4.59× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 1.99× | ||
| Q2 24 | — | 3.06× | ||
| Q1 24 | — | — |
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% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
