vs
Side-by-side financial comparison of FUELCELL ENERGY INC (FCEL) and VINCE HOLDING CORP. (VNCE). Click either name above to swap in a different company.
VINCE HOLDING CORP. is the larger business by last-quarter revenue ($85.1M vs $55.0M, roughly 1.5× FUELCELL ENERGY INC). VINCE HOLDING CORP. runs the higher net margin — 3.2% vs -54.3%, a 57.5% gap on every dollar of revenue. On growth, FUELCELL ENERGY INC posted the faster year-over-year revenue change (11.5% vs 6.2%). VINCE HOLDING CORP. produced more free cash flow last quarter ($-5.7M vs $-23.9M). Over the past eight quarters, FUELCELL ENERGY INC's revenue compounded faster (81.6% CAGR vs 6.3%).
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.
VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.
FCEL vs VNCE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $55.0M | $85.1M |
| Net Profit | $-29.9M | $2.7M |
| Gross Margin | -12.1% | 49.2% |
| Operating Margin | -51.5% | 6.4% |
| Net Margin | -54.3% | 3.2% |
| Revenue YoY | 11.5% | 6.2% |
| Net Profit YoY | 27.9% | -37.3% |
| EPS (diluted) | $-0.43 | $0.21 |
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 | $85.1M | ||
| Q3 25 | $46.7M | $73.2M | ||
| Q2 25 | $37.4M | $57.9M | ||
| Q1 25 | $19.0M | $80.0M | ||
| Q4 24 | $49.3M | $80.2M | ||
| Q3 24 | $23.7M | $74.2M | ||
| Q2 24 | $22.4M | $59.2M | ||
| Q1 24 | $16.7M | $75.3M |
| Q4 25 | $-29.9M | $2.7M | ||
| Q3 25 | $-91.7M | $12.1M | ||
| Q2 25 | $-38.0M | $-4.8M | ||
| Q1 25 | $-28.3M | $-28.3M | ||
| Q4 24 | $-41.4M | $4.3M | ||
| Q3 24 | $-32.7M | $569.0K | ||
| Q2 24 | $-32.1M | $4.4M | ||
| Q1 24 | $-19.8M | $-4.7M |
| Q4 25 | -12.1% | 49.2% | ||
| Q3 25 | -11.0% | 50.4% | ||
| Q2 25 | -25.2% | 50.3% | ||
| Q1 25 | -27.4% | 50.1% | ||
| Q4 24 | -22.1% | 50.0% | ||
| Q3 24 | -26.2% | 47.4% | ||
| Q2 24 | -31.6% | 50.6% | ||
| Q1 24 | -70.2% | 45.4% |
| Q4 25 | -51.5% | 6.4% | ||
| Q3 25 | -204.0% | 15.2% | ||
| Q2 25 | -95.7% | -7.7% | ||
| Q1 25 | -172.9% | -37.1% | ||
| Q4 24 | -83.2% | 7.2% | ||
| Q3 24 | -141.9% | 1.5% | ||
| Q2 24 | -184.5% | 9.5% | ||
| Q1 24 | -254.5% | -2.2% |
| Q4 25 | -54.3% | 3.2% | ||
| Q3 25 | -196.1% | 16.5% | ||
| Q2 25 | -101.7% | -8.3% | ||
| Q1 25 | -149.1% | -35.5% | ||
| Q4 24 | -84.0% | 5.4% | ||
| Q3 24 | -137.8% | 0.8% | ||
| Q2 24 | -143.4% | 7.4% | ||
| Q1 24 | -118.6% | -6.2% |
| Q4 25 | $-0.43 | $0.21 | ||
| Q3 25 | $-3.78 | $0.93 | ||
| Q2 25 | $-1.79 | $-0.37 | ||
| Q1 25 | $-1.42 | $-2.25 | ||
| Q4 24 | $-2.29 | $0.34 | ||
| Q3 24 | $-1.99 | $0.05 | ||
| Q2 24 | $-2.18 | $0.35 | ||
| Q1 24 | $-1.37 | $-0.37 |
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 | $1.1M |
| Total DebtLower is stronger | $103.8M | — |
| Stockholders' EquityBook value | $662.2M | $53.4M |
| Total Assets | $932.1M | $246.0M |
| Debt / EquityLower = less leverage | 0.16× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $278.1M | $1.1M | ||
| Q3 25 | $174.7M | $777.0K | ||
| Q2 25 | $177.0M | $2.6M | ||
| Q1 25 | $208.4M | $607.0K | ||
| Q4 24 | $257.3M | $892.0K | ||
| Q3 24 | $267.2M | $711.0K | ||
| Q2 24 | $260.1M | $739.0K | ||
| Q1 24 | $297.5M | $357.0K |
| 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 | $53.4M | ||
| Q3 25 | $556.2M | $49.3M | ||
| Q2 25 | $609.2M | $37.2M | ||
| Q1 25 | $635.2M | $41.8M | ||
| Q4 24 | $656.9M | $57.1M | ||
| Q3 24 | $675.8M | $52.4M | ||
| Q2 24 | $639.8M | $51.7M | ||
| Q1 24 | $663.9M | $47.2M |
| Q4 25 | $932.1M | $246.0M | ||
| Q3 25 | $830.5M | $239.0M | ||
| Q2 25 | $883.8M | $218.0M | ||
| Q1 25 | $907.5M | $222.7M | ||
| Q4 24 | $944.1M | $254.7M | ||
| Q3 24 | $948.9M | $253.6M | ||
| Q2 24 | $916.8M | $223.1M | ||
| Q1 24 | $923.2M | $225.1M |
| 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 | $-5.1M |
| Free Cash FlowOCF − Capex | $-23.9M | $-5.7M |
| FCF MarginFCF / Revenue | -43.4% | -6.7% |
| Capex IntensityCapex / Revenue | 1.8% | 0.7% |
| Cash ConversionOCF / Net Profit | — | -1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $-143.9M | $4.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-22.9M | $-5.1M | ||
| Q3 25 | $-26.8M | $4.2M | ||
| Q2 25 | $-29.9M | $-11.8M | ||
| Q1 25 | $-45.7M | $22.7M | ||
| Q4 24 | $5.8M | $6.4M | ||
| Q3 24 | $-63.4M | $-3.2M | ||
| Q2 24 | $-37.1M | $-3.9M | ||
| Q1 24 | $-58.3M | $14.8M |
| Q4 25 | $-23.9M | $-5.7M | ||
| Q3 25 | $-32.1M | $2.1M | ||
| Q2 25 | $-35.2M | $-13.2M | ||
| Q1 25 | $-52.8M | $21.2M | ||
| Q4 24 | $-4.7M | $5.1M | ||
| Q3 24 | $-76.8M | $-3.9M | ||
| Q2 24 | $-50.3M | $-4.6M | ||
| Q1 24 | $-68.8M | $14.2M |
| Q4 25 | -43.4% | -6.7% | ||
| Q3 25 | -68.6% | 2.9% | ||
| Q2 25 | -94.0% | -22.9% | ||
| Q1 25 | -277.8% | 26.5% | ||
| Q4 24 | -9.5% | 6.4% | ||
| Q3 24 | -324.0% | -5.2% | ||
| Q2 24 | -224.5% | -7.8% | ||
| Q1 24 | -412.4% | 18.9% |
| Q4 25 | 1.8% | 0.7% | ||
| Q3 25 | 11.2% | 2.9% | ||
| Q2 25 | 14.1% | 2.5% | ||
| Q1 25 | 37.2% | 1.9% | ||
| Q4 24 | 21.4% | 1.6% | ||
| Q3 24 | 56.6% | 0.9% | ||
| Q2 24 | 58.9% | 1.3% | ||
| Q1 24 | 63.3% | 0.7% |
| Q4 25 | — | -1.86× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | -5.61× | ||
| Q2 24 | — | -0.89× | ||
| 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% |
VNCE
| Vince Wholesale | $52.0M | 61% |
| Vince Direct To Consumer | $33.1M | 39% |
