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Side-by-side financial comparison of Clean Energy Technologies, Inc. (CETY) and Clean Energy Fuels Corp. (CLNE), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
Clean Energy Fuels Corp. is the larger business by last-quarter revenue ($112.3M vs $773.6K, roughly 145.2× Clean Energy Technologies, Inc.). Clean Energy Fuels Corp. runs the higher net margin — -271.8% vs -38.3%, a 233.5% gap on every dollar of revenue. On growth, Clean Energy Technologies, Inc. posted the faster year-over-year revenue change (228.9% vs 2.7%). Over the past eight quarters, Clean Energy Fuels Corp.'s revenue compounded faster (4.1% CAGR vs -26.1%).
Bloom Energy is an American public company that designs and manufactures solid oxide fuel cells (SOFCs) which independently produce electricity onsite for power generation in data centers, manufacturing, and other commercial sectors. Founded in 2001 and headquartered in San Jose, California; its fuel cell technology generates electricity through a chemical conversion process, which differs from most other power sources reliant on combustion, and can use natural gas, biogas or hydrogen as fuel...
Bloom Energy is an American public company that designs and manufactures solid oxide fuel cells (SOFCs) which independently produce electricity onsite for power generation in data centers, manufacturing, and other commercial sectors. Founded in 2001 and headquartered in San Jose, California; its fuel cell technology generates electricity through a chemical conversion process, which differs from most other power sources reliant on combustion, and can use natural gas, biogas or hydrogen as fuel...
CETY vs CLNE — Head-to-Head
Income Statement — Q3 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $773.6K | $112.3M |
| Net Profit | $-2.1M | $-43.0M |
| Gross Margin | 23.7% | — |
| Operating Margin | -172.6% | -9.5% |
| Net Margin | -271.8% | -38.3% |
| Revenue YoY | 228.9% | 2.7% |
| Net Profit YoY | -61.8% | -42.6% |
| EPS (diluted) | $-0.47 | $-0.21 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | — | $112.3M | ||
| Q3 25 | $773.6K | $106.1M | ||
| Q2 25 | $236.3K | $102.6M | ||
| Q1 25 | $791.9K | $103.8M | ||
| Q4 24 | $480.3K | $109.3M | ||
| Q3 24 | $235.2K | $104.9M | ||
| Q2 24 | $196.1K | $98.0M | ||
| Q1 24 | $1.5M | $103.7M |
| Q4 25 | — | $-43.0M | ||
| Q3 25 | $-2.1M | $-23.8M | ||
| Q2 25 | $-1.1M | $-20.2M | ||
| Q1 25 | $-331.2K | $-135.0M | ||
| Q4 24 | $-865.6K | $-30.2M | ||
| Q3 24 | $-1.3M | $-18.2M | ||
| Q2 24 | $-831.9K | $-16.3M | ||
| Q1 24 | $-1.4M | $-18.4M |
| Q4 25 | — | — | ||
| Q3 25 | 23.7% | — | ||
| Q2 25 | 94.7% | — | ||
| Q1 25 | 92.0% | — | ||
| Q4 24 | 42.7% | — | ||
| Q3 24 | 90.4% | — | ||
| Q2 24 | 89.8% | — | ||
| Q1 24 | 16.7% | — |
| Q4 25 | — | -9.5% | ||
| Q3 25 | -172.6% | -12.8% | ||
| Q2 25 | -311.0% | -9.0% | ||
| Q1 25 | -12.1% | -121.7% | ||
| Q4 24 | -116.3% | -11.8% | ||
| Q3 24 | -322.9% | -8.1% | ||
| Q2 24 | -496.6% | -5.7% | ||
| Q1 24 | -54.3% | -9.0% |
| Q4 25 | — | -38.3% | ||
| Q3 25 | -271.8% | -22.4% | ||
| Q2 25 | -460.8% | -19.7% | ||
| Q1 25 | -41.8% | -130.1% | ||
| Q4 24 | -180.2% | -27.6% | ||
| Q3 24 | -552.5% | -17.3% | ||
| Q2 24 | -424.2% | -16.6% | ||
| Q1 24 | -93.8% | -17.8% |
| Q4 25 | — | $-0.21 | ||
| Q3 25 | $-0.47 | $-0.11 | ||
| Q2 25 | $-0.02 | $-0.09 | ||
| Q1 25 | $-0.01 | $-0.60 | ||
| Q4 24 | $0.40 | $-0.14 | ||
| Q3 24 | $-0.44 | $-0.08 | ||
| Q2 24 | $-0.02 | $-0.07 | ||
| Q1 24 | $-0.04 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $234.9K | $156.1M |
| Total DebtLower is stronger | — | $226.8M |
| Stockholders' EquityBook value | $7.1M | $559.4M |
| Total Assets | $14.8M | $1.1B |
| Debt / EquityLower = less leverage | — | 0.41× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | — | $156.1M | ||
| Q3 25 | $234.9K | $232.2M | ||
| Q2 25 | $233.4K | $240.8M | ||
| Q1 25 | — | $226.6M | ||
| Q4 24 | $62.1K | $217.5M | ||
| Q3 24 | — | $243.5M | ||
| Q2 24 | — | $249.3M | ||
| Q1 24 | — | $248.9M |
| Q4 25 | — | $226.8M | ||
| Q3 25 | — | $284.3M | ||
| Q2 25 | — | $277.9M | ||
| Q1 25 | — | $271.6M | ||
| Q4 24 | — | $265.4M | ||
| Q3 24 | — | $264.1M | ||
| Q2 24 | — | $263.0M | ||
| Q1 24 | — | $262.0M |
| Q4 25 | — | $559.4M | ||
| Q3 25 | $7.1M | $585.2M | ||
| Q2 25 | $7.8M | $590.8M | ||
| Q1 25 | $3.0M | $596.7M | ||
| Q4 24 | $2.9M | $713.3M | ||
| Q3 24 | $3.6M | $724.8M | ||
| Q2 24 | $4.6M | $723.0M | ||
| Q1 24 | $4.4M | $722.9M |
| Q4 25 | — | $1.1B | ||
| Q3 25 | $14.8M | $1.1B | ||
| Q2 25 | $14.8M | $1.1B | ||
| Q1 25 | $10.1M | $1.1B | ||
| Q4 24 | $9.5M | $1.2B | ||
| Q3 24 | $9.4M | $1.2B | ||
| Q2 24 | $9.3M | $1.2B | ||
| Q1 24 | $9.0M | $1.2B |
| Q4 25 | — | 0.41× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | — | 0.37× | ||
| Q3 24 | — | 0.36× | ||
| Q2 24 | — | 0.36× | ||
| Q1 24 | — | 0.36× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-4.7M | $13.1M |
| Free Cash FlowOCF − Capex | — | $6.5M |
| FCF MarginFCF / Revenue | — | 5.8% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | — | 5.9% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $59.9M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | — | $13.1M | ||
| Q3 25 | $-4.7M | $13.1M | ||
| Q2 25 | $-780.9K | $35.9M | ||
| Q1 25 | $-776.0K | $23.4M | ||
| Q4 24 | $-772.3K | $21.9M | ||
| Q3 24 | $-1.2M | $21.4M | ||
| Q2 24 | $-740.4K | $18.8M | ||
| Q1 24 | $-871.6K | $2.6M |
| Q4 25 | — | $6.5M | ||
| Q3 25 | — | $6.5M | ||
| Q2 25 | — | $30.9M | ||
| Q1 25 | — | $15.9M | ||
| Q4 24 | — | $10.3M | ||
| Q3 24 | — | $42.0K | ||
| Q2 24 | — | $4.8M | ||
| Q1 24 | — | $-15.6M |
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 6.1% | ||
| Q2 25 | — | 30.2% | ||
| Q1 25 | — | 15.4% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 4.9% | ||
| Q1 24 | — | -15.1% |
| Q4 25 | — | 5.9% | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | — | 4.8% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 10.5% | ||
| Q3 24 | — | 20.3% | ||
| Q2 24 | — | 14.2% | ||
| Q1 24 | — | 17.6% |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
CETY
Segment breakdown not available.
CLNE
| Volume Related Fuel Sales | $73.6M | 66% |
| Services | $15.1M | 13% |
| Station Construction Sales | $10.7M | 9% |
| Volume Related Renewable Identification Number Credits | $9.5M | 8% |
| Volume Related Low Carbon Fuel Standard Credits | $3.4M | 3% |
