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FUELCELL ENERGY INC（FCEL）与null（SWIM）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是FUELCELL ENERGY INC的2.1倍（$117.3M vs $55.0M），null净利率更高（-7.3% vs -54.3%，领先47.0%），FUELCELL ENERGY INC同比增速更快（11.5% vs 5.3%），过去两年FUELCELL ENERGY INC的营收复合增速更高（81.6% vs -14.4%）
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。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
FCEL vs SWIM — 直观对比
营收规模更大
SWIM
是对方的2.1倍
$55.0M
营收增速更快
FCEL
高出6.2%
5.3%
净利率更高
SWIM
高出47.0%
-54.3%
两年增速更快
FCEL
近两年复合增速
-14.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $55.0M | $117.3M |
| 净利润 | $-29.9M | $-8.5M |
| 毛利率 | -12.1% | 31.7% |
| 营业利润率 | -51.5% | — |
| 净利率 | -54.3% | -7.3% |
| 营收同比 | 11.5% | 5.3% |
| 净利润同比 | 27.9% | -43.1% |
| 每股收益（稀释后） | $-0.43 | $-0.07 |
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FCELSWIM
| Q1 26 | — | $117.3M | ||
| Q4 25 | $55.0M | $100.0M | ||
| Q3 25 | $46.7M | $161.9M | ||
| Q2 25 | $37.4M | $172.6M | ||
| Q1 25 | $19.0M | $111.4M | ||
| Q4 24 | $49.3M | $87.3M | ||
| Q3 24 | $23.7M | $150.5M | ||
| Q2 24 | $22.4M | $160.1M |
净利润FCELSWIM
| Q1 26 | — | $-8.5M | ||
| Q4 25 | $-29.9M | $-7.0M | ||
| Q3 25 | $-91.7M | $8.1M | ||
| Q2 25 | $-38.0M | $16.0M | ||
| Q1 25 | $-28.3M | $-6.0M | ||
| Q4 24 | $-41.4M | $-29.2M | ||
| Q3 24 | $-32.7M | $5.9M | ||
| Q2 24 | $-32.1M | $13.3M |
毛利率FCELSWIM
| Q1 26 | — | 31.7% | ||
| Q4 25 | -12.1% | 28.0% | ||
| Q3 25 | -11.0% | 35.4% | ||
| Q2 25 | -25.2% | 37.1% | ||
| Q1 25 | -27.4% | 29.5% | ||
| Q4 24 | -22.1% | 24.6% | ||
| Q3 24 | -26.2% | 32.4% | ||
| Q2 24 | -31.6% | 33.1% |
营业利润率FCELSWIM
| Q1 26 | — | — | ||
| Q4 25 | -51.5% | -10.7% | ||
| Q3 25 | -204.0% | 13.3% | ||
| Q2 25 | -95.7% | 14.3% | ||
| Q1 25 | -172.9% | -4.4% | ||
| Q4 24 | -83.2% | -14.9% | ||
| Q3 24 | -141.9% | 8.9% | ||
| Q2 24 | -184.5% | 12.5% |
净利率FCELSWIM
| Q1 26 | — | -7.3% | ||
| Q4 25 | -54.3% | -7.0% | ||
| Q3 25 | -196.1% | 5.0% | ||
| Q2 25 | -101.7% | 9.3% | ||
| Q1 25 | -149.1% | -5.4% | ||
| Q4 24 | -84.0% | -33.4% | ||
| Q3 24 | -137.8% | 3.9% | ||
| Q2 24 | -143.4% | 8.3% |
每股收益（稀释后）FCELSWIM
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $-0.43 | $-0.06 | ||
| Q3 25 | $-3.78 | $0.07 | ||
| Q2 25 | $-1.79 | $0.13 | ||
| Q1 25 | $-1.42 | $-0.05 | ||
| Q4 24 | $-2.29 | $-0.24 | ||
| Q3 24 | $-1.99 | $0.05 | ||
| Q2 24 | $-2.18 | $0.11 |
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 | — |
| 总债务越低越好 | $103.8M | $3.3M |
| 股东权益账面价值 | $662.2M | $396.7M |
| 总资产 | $932.1M | $856.4M |
| 负债/权益比越低杠杆越低 | 0.16× | 0.01× |
8季度趋势，按日历期对齐
现金及短期投资FCELSWIM
| Q1 26 | — | — | ||
| Q4 25 | $278.1M | — | ||
| Q3 25 | $174.7M | — | ||
| Q2 25 | $177.0M | — | ||
| Q1 25 | $208.4M | — | ||
| Q4 24 | $257.3M | — | ||
| Q3 24 | $267.2M | — | ||
| Q2 24 | $260.1M | — |
总债务FCELSWIM
| Q1 26 | — | $3.3M | ||
| Q4 25 | $103.8M | $279.8M | ||
| Q3 25 | $106.4M | $281.1M | ||
| Q2 25 | $109.4M | $281.5M | ||
| Q1 25 | $112.3M | $306.9M | ||
| Q4 24 | $115.7M | $281.5M | ||
| Q3 24 | $112.7M | $282.8M | ||
| Q2 24 | $116.2M | $282.4M |
股东权益FCELSWIM
| Q1 26 | — | $396.7M | ||
| Q4 25 | $662.2M | $405.9M | ||
| Q3 25 | $556.2M | $408.4M | ||
| Q2 25 | $609.2M | $398.4M | ||
| Q1 25 | $635.2M | $381.1M | ||
| Q4 24 | $656.9M | $387.2M | ||
| Q3 24 | $675.8M | $416.6M | ||
| Q2 24 | $639.8M | $408.1M |
总资产FCELSWIM
| Q1 26 | — | $856.4M | ||
| Q4 25 | $932.1M | $823.2M | ||
| Q3 25 | $830.5M | $844.4M | ||
| Q2 25 | $883.8M | $822.1M | ||
| Q1 25 | $907.5M | $824.6M | ||
| Q4 24 | $944.1M | $794.2M | ||
| Q3 24 | $948.9M | $853.4M | ||
| Q2 24 | $916.8M | $830.0M |
负债/权益比FCELSWIM
| Q1 26 | — | 0.01× | ||
| Q4 25 | 0.16× | 0.69× | ||
| Q3 25 | 0.19× | 0.69× | ||
| Q2 25 | 0.18× | 0.71× | ||
| Q1 25 | 0.18× | 0.81× | ||
| Q4 24 | 0.18× | 0.73× | ||
| Q3 24 | 0.17× | 0.68× | ||
| Q2 24 | 0.18× | 0.69× |
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 | $-47.7M |
| 自由现金流经营现金流 - 资本支出 | $-23.9M | — |
| 自由现金流率自由现金流/营收 | -43.4% | — |
| 资本支出强度资本支出/营收 | 1.8% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流FCELSWIM
| Q1 26 | — | $-47.7M | ||
| Q4 25 | $-22.9M | $23.3M | ||
| Q3 25 | $-26.8M | $51.0M | ||
| Q2 25 | $-29.9M | $36.0M | ||
| Q1 25 | $-45.7M | $-46.9M | ||
| Q4 24 | $5.8M | $6.2M | ||
| Q3 24 | $-63.4M | $37.2M | ||
| Q2 24 | $-37.1M | $52.4M |
自由现金流FCELSWIM
| Q1 26 | — | — | ||
| Q4 25 | $-23.9M | $14.1M | ||
| Q3 25 | $-32.1M | $45.2M | ||
| Q2 25 | $-35.2M | $29.1M | ||
| Q1 25 | $-52.8M | $-50.3M | ||
| Q4 24 | $-4.7M | $-98.0K | ||
| Q3 24 | $-76.8M | $33.2M | ||
| Q2 24 | $-50.3M | $47.9M |
自由现金流率FCELSWIM
| Q1 26 | — | — | ||
| Q4 25 | -43.4% | 14.1% | ||
| Q3 25 | -68.6% | 27.9% | ||
| Q2 25 | -94.0% | 16.8% | ||
| Q1 25 | -277.8% | -45.2% | ||
| Q4 24 | -9.5% | -0.1% | ||
| Q3 24 | -324.0% | 22.1% | ||
| Q2 24 | -224.5% | 29.9% |
资本支出强度FCELSWIM
| Q1 26 | — | — | ||
| Q4 25 | 1.8% | 9.2% | ||
| Q3 25 | 11.2% | 3.6% | ||
| Q2 25 | 14.1% | 4.0% | ||
| Q1 25 | 37.2% | 3.1% | ||
| Q4 24 | 21.4% | 7.2% | ||
| Q3 24 | 56.6% | 2.7% | ||
| Q2 24 | 58.9% | 2.8% |
现金转化率FCELSWIM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× |
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% |
SWIM
暂无分部数据
