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FUELCELL ENERGY INC（FCEL）与RCI HOSPITALITY HOLDINGS, INC.（RICK）财务数据对比。点击上方公司名可切换其他公司
RCI HOSPITALITY HOLDINGS, INC.的季度营收约是FUELCELL ENERGY INC的1.3倍（$70.9M vs $55.0M），RCI HOSPITALITY HOLDINGS, INC.净利率更高（-7.8% vs -54.3%，领先46.5%），FUELCELL ENERGY INC同比增速更快（11.5% vs -3.1%），RCI HOSPITALITY HOLDINGS, INC.自由现金流更多（$11.5M vs $-23.9M），过去两年FUELCELL ENERGY INC的营收复合增速更高（81.6% vs -2.0%）
燃料电池能源公司是一家上市燃料电池企业，总部位于美国康涅狄格州丹伯里，公司主打基于熔融碳酸盐燃料电池技术的发电站业务，从事相关产品的设计、生产，同时还提供发电站运营及相关技术服务。
RCI Hospitality控股通过子公司经营脱衣舞俱乐部、夜总会、运动酒吧与餐厅，同时还运营一家为成人俱乐部行业提供服务的传媒会展企业。公司于1995年完成首次公开募股上市，目前在纳斯达克全球市场挂牌交易。
FCEL vs RICK — 直观对比
营收规模更大
RICK
是对方的1.3倍
$55.0M
营收增速更快
FCEL
高出14.7%
-3.1%
净利率更高
RICK
高出46.5%
-54.3%
自由现金流更多
RICK
多$35.4M
$-23.9M
两年增速更快
FCEL
近两年复合增速
-2.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $55.0M | $70.9M |
| 净利润 | $-29.9M | $-5.5M |
| 毛利率 | -12.1% | — |
| 营业利润率 | -51.5% | -0.7% |
| 净利率 | -54.3% | -7.8% |
| 营收同比 | 11.5% | -3.1% |
| 净利润同比 | 27.9% | -2354.9% |
| 每股收益（稀释后） | $-0.43 | $-0.60 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FCELRICK
| Q4 25 | $55.0M | — | ||
| Q3 25 | $46.7M | $70.9M | ||
| Q2 25 | $37.4M | $71.1M | ||
| Q1 25 | $19.0M | $65.9M | ||
| Q4 24 | $49.3M | $71.5M | ||
| Q3 24 | $23.7M | $73.2M | ||
| Q2 24 | $22.4M | $76.2M | ||
| Q1 24 | $16.7M | $72.3M |
净利润FCELRICK
| Q4 25 | $-29.9M | — | ||
| Q3 25 | $-91.7M | $-5.5M | ||
| Q2 25 | $-38.0M | $4.1M | ||
| Q1 25 | $-28.3M | $3.2M | ||
| Q4 24 | $-41.4M | $9.0M | ||
| Q3 24 | $-32.7M | $244.0K | ||
| Q2 24 | $-32.1M | $-5.2M | ||
| Q1 24 | $-19.8M | $774.0K |
毛利率FCELRICK
| 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 24 | -70.2% | — |
营业利润率FCELRICK
| Q4 25 | -51.5% | — | ||
| Q3 25 | -204.0% | -0.7% | ||
| Q2 25 | -95.7% | 12.2% | ||
| Q1 25 | -172.9% | 12.4% | ||
| Q4 24 | -83.2% | 19.5% | ||
| Q3 24 | -141.9% | 4.8% | ||
| Q2 24 | -184.5% | -3.3% | ||
| Q1 24 | -254.5% | 6.4% |
净利率FCELRICK
| Q4 25 | -54.3% | — | ||
| Q3 25 | -196.1% | -7.8% | ||
| Q2 25 | -101.7% | 5.7% | ||
| Q1 25 | -149.1% | 4.9% | ||
| Q4 24 | -84.0% | 12.6% | ||
| Q3 24 | -137.8% | 0.3% | ||
| Q2 24 | -143.4% | -6.9% | ||
| Q1 24 | -118.6% | 1.1% |
每股收益（稀释后）FCELRICK
| Q4 25 | $-0.43 | — | ||
| Q3 25 | $-3.78 | $-0.60 | ||
| Q2 25 | $-1.79 | $0.46 | ||
| Q1 25 | $-1.42 | $0.36 | ||
| Q4 24 | $-2.29 | $1.01 | ||
| Q3 24 | $-1.99 | $0.04 | ||
| Q2 24 | $-2.18 | $-0.56 | ||
| Q1 24 | $-1.37 | $0.08 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $278.1M | $33.7M |
| 总债务越低越好 | $103.8M | $238.2M |
| 股东权益账面价值 | $662.2M | $261.1M |
| 总资产 | $932.1M | $596.9M |
| 负债/权益比越低杠杆越低 | 0.16× | 0.91× |
8季度趋势，按日历期对齐
现金及短期投资FCELRICK
| Q4 25 | $278.1M | — | ||
| Q3 25 | $174.7M | $33.7M | ||
| Q2 25 | $177.0M | $29.3M | ||
| Q1 25 | $208.4M | $32.7M | ||
| Q4 24 | $257.3M | $34.7M | ||
| Q3 24 | $267.2M | $32.4M | ||
| Q2 24 | $260.1M | $34.9M | ||
| Q1 24 | $297.5M | $20.0M |
总债务FCELRICK
| Q4 25 | $103.8M | — | ||
| Q3 25 | $106.4M | $238.2M | ||
| Q2 25 | $109.4M | $243.8M | ||
| Q1 25 | $112.3M | $244.1M | ||
| Q4 24 | $115.7M | — | ||
| Q3 24 | $112.7M | $241.1M | ||
| Q2 24 | $116.2M | — | ||
| Q1 24 | $107.2M | — |
股东权益FCELRICK
| Q4 25 | $662.2M | — | ||
| Q3 25 | $556.2M | $261.1M | ||
| Q2 25 | $609.2M | $269.5M | ||
| Q1 25 | $635.2M | $268.8M | ||
| Q4 24 | $656.9M | $269.0M | ||
| Q3 24 | $675.8M | $263.4M | ||
| Q2 24 | $639.8M | $271.2M | ||
| Q1 24 | $663.9M | $285.8M |
总资产FCELRICK
| Q4 25 | $932.1M | — | ||
| Q3 25 | $830.5M | $596.9M | ||
| Q2 25 | $883.8M | $597.4M | ||
| Q1 25 | $907.5M | $589.8M | ||
| Q4 24 | $944.1M | $586.2M | ||
| Q3 24 | $948.9M | $584.4M | ||
| Q2 24 | $916.8M | $601.0M | ||
| Q1 24 | $923.2M | $609.9M |
负债/权益比FCELRICK
| Q4 25 | 0.16× | — | ||
| Q3 25 | 0.19× | 0.91× | ||
| Q2 25 | 0.18× | 0.90× | ||
| Q1 25 | 0.18× | 0.91× | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.17× | 0.92× | ||
| Q2 24 | 0.18× | — | ||
| Q1 24 | 0.16× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-22.9M | $13.7M |
| 自由现金流经营现金流 - 资本支出 | $-23.9M | $11.5M |
| 自由现金流率自由现金流/营收 | -43.4% | 16.2% |
| 资本支出强度资本支出/营收 | 1.8% | 3.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-143.9M | $34.9M |
8季度趋势，按日历期对齐
经营现金流FCELRICK
| Q4 25 | $-22.9M | — | ||
| Q3 25 | $-26.8M | $13.7M | ||
| Q2 25 | $-29.9M | $13.8M | ||
| Q1 25 | $-45.7M | $8.5M | ||
| Q4 24 | $5.8M | $13.3M | ||
| Q3 24 | $-63.4M | $15.7M | ||
| Q2 24 | $-37.1M | $15.8M | ||
| Q1 24 | $-58.3M | $10.8M |
自由现金流FCELRICK
| Q4 25 | $-23.9M | — | ||
| Q3 25 | $-32.1M | $11.5M | ||
| Q2 25 | $-35.2M | $10.1M | ||
| Q1 25 | $-52.8M | $5.7M | ||
| Q4 24 | $-4.7M | $7.6M | ||
| Q3 24 | $-76.8M | $10.3M | ||
| Q2 24 | $-50.3M | $9.3M | ||
| Q1 24 | $-68.8M | $3.2M |
自由现金流率FCELRICK
| Q4 25 | -43.4% | — | ||
| Q3 25 | -68.6% | 16.2% | ||
| Q2 25 | -94.0% | 14.2% | ||
| Q1 25 | -277.8% | 8.6% | ||
| Q4 24 | -9.5% | 10.6% | ||
| Q3 24 | -324.0% | 14.0% | ||
| Q2 24 | -224.5% | 12.3% | ||
| Q1 24 | -412.4% | 4.4% |
资本支出强度FCELRICK
| Q4 25 | 1.8% | — | ||
| Q3 25 | 11.2% | 3.2% | ||
| Q2 25 | 14.1% | 5.2% | ||
| Q1 25 | 37.2% | 4.3% | ||
| Q4 24 | 21.4% | 8.0% | ||
| Q3 24 | 56.6% | 7.3% | ||
| Q2 24 | 58.9% | 8.4% | ||
| Q1 24 | 63.3% | 10.6% |
现金转化率FCELRICK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 3.40× | ||
| Q1 25 | — | 2.65× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | 64.14× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 14.00× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FCEL
| Other | $30.0M | 55% |
| Electricity Generation | $12.2M | 22% |
| Services | $7.3M | 13% |
| Advanced Technologies | $5.5M | 10% |
RICK
| Transferred At Point In Time | $60.8M | 86% |
| Food And Merchandise | $10.4M | 15% |
