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FUELCELL ENERGY INC（FCEL）与Woodward, Inc.（WWD）财务数据对比。点击上方公司名可切换其他公司
Woodward, Inc.的季度营收约是FUELCELL ENERGY INC的18.1倍（$996.5M vs $55.0M）。Woodward, Inc.净利率更高（13.4% vs -54.3%，领先67.7%）。Woodward, Inc.同比增速更快（29.0% vs 11.5%）。Woodward, Inc.自由现金流更多（$70.3M vs $-23.9M）。过去两年FUELCELL ENERGY INC的营收复合增速更高（81.6% vs 9.2%）
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。
伍德沃德（Woodward, Inc.）是美国的控制系统及组件供应商，业务涵盖产品设计、制造与全链条服务，产品广泛应用于飞机、航空发动机、工业发动机与轮机、发电及移动工业设备领域，同时为国防领域供应军用装置及其他配套设备。
FCEL vs WWD — 直观对比
营收规模更大
WWD
是对方的18.1倍
$55.0M
营收增速更快
WWD
高出17.4%
11.5%
净利率更高
WWD
高出67.7%
-54.3%
自由现金流更多
WWD
多$94.2M
$-23.9M
两年增速更快
FCEL
近两年复合增速
9.2%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $55.0M | $996.5M |
| 净利润 | $-29.9M | $133.7M |
| 毛利率 | -12.1% | 29.3% |
| 营业利润率 | -51.5% | 17.0% |
| 净利率 | -54.3% | 13.4% |
| 营收同比 | 11.5% | 29.0% |
| 净利润同比 | 27.9% | 53.5% |
| 每股收益（稀释后） | $-0.43 | $2.17 |
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FCELWWD
| Q4 25 | $55.0M | $996.5M | ||
| Q3 25 | $46.7M | $995.3M | ||
| Q2 25 | $37.4M | $915.4M | ||
| Q1 25 | $19.0M | $883.6M | ||
| Q4 24 | $49.3M | $772.7M | ||
| Q3 24 | $23.7M | $854.5M | ||
| Q2 24 | $22.4M | $847.7M | ||
| Q1 24 | $16.7M | $835.3M |
净利润FCELWWD
| Q4 25 | $-29.9M | $133.7M | ||
| Q3 25 | $-91.7M | $137.6M | ||
| Q2 25 | $-38.0M | $108.4M | ||
| Q1 25 | $-28.3M | $108.9M | ||
| Q4 24 | $-41.4M | $87.1M | ||
| Q3 24 | $-32.7M | $83.3M | ||
| Q2 24 | $-32.1M | $102.1M | ||
| Q1 24 | $-19.8M | $97.6M |
毛利率FCELWWD
| Q4 25 | -12.1% | 29.3% | ||
| Q3 25 | -11.0% | 27.9% | ||
| Q2 25 | -25.2% | 27.2% | ||
| Q1 25 | -27.4% | 27.2% | ||
| Q4 24 | -22.1% | 24.5% | ||
| Q3 24 | -26.2% | 24.3% | ||
| Q2 24 | -31.6% | 27.1% | ||
| Q1 24 | -70.2% | 28.1% |
营业利润率FCELWWD
| Q4 25 | -51.5% | 17.0% | ||
| Q3 25 | -204.0% | 16.1% | ||
| Q2 25 | -95.7% | 13.9% | ||
| Q1 25 | -172.9% | 15.0% | ||
| Q4 24 | -83.2% | 13.2% | ||
| Q3 24 | -141.9% | 11.9% | ||
| Q2 24 | -184.5% | 14.4% | ||
| Q1 24 | -254.5% | 14.4% |
净利率FCELWWD
| Q4 25 | -54.3% | 13.4% | ||
| Q3 25 | -196.1% | 13.8% | ||
| Q2 25 | -101.7% | 11.8% | ||
| Q1 25 | -149.1% | 12.3% | ||
| Q4 24 | -84.0% | 11.3% | ||
| Q3 24 | -137.8% | 9.7% | ||
| Q2 24 | -143.4% | 12.0% | ||
| Q1 24 | -118.6% | 11.7% |
每股收益（稀释后）FCELWWD
| Q4 25 | $-0.43 | $2.17 | ||
| Q3 25 | $-3.78 | $2.23 | ||
| Q2 25 | $-1.79 | $1.76 | ||
| Q1 25 | $-1.42 | $1.78 | ||
| Q4 24 | $-2.29 | $1.42 | ||
| Q3 24 | $-1.99 | $1.36 | ||
| Q2 24 | $-2.18 | $1.63 | ||
| Q1 24 | $-1.37 | $1.56 |
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 | $454.2M |
| 总债务越低越好 | $103.8M | — |
| 股东权益账面价值 | $662.2M | $2.6B |
| 总资产 | $932.1M | $4.7B |
| 负债/权益比越低杠杆越低 | 0.16× | — |
8季度趋势，按日历期对齐
现金及短期投资FCELWWD
| Q4 25 | $278.1M | $454.2M | ||
| Q3 25 | $174.7M | $327.4M | ||
| Q2 25 | $177.0M | $473.2M | ||
| Q1 25 | $208.4M | $364.1M | ||
| Q4 24 | $257.3M | $283.7M | ||
| Q3 24 | $267.2M | $282.3M | ||
| Q2 24 | $260.1M | $308.3M | ||
| Q1 24 | $297.5M | $316.9M |
总债务FCELWWD
| Q4 25 | $103.8M | — | ||
| Q3 25 | $106.4M | $579.9M | ||
| Q2 25 | $109.4M | — | ||
| Q1 25 | $112.3M | — | ||
| Q4 24 | $115.7M | — | ||
| Q3 24 | $112.7M | $655.5M | ||
| Q2 24 | $116.2M | — | ||
| Q1 24 | $107.2M | — |
股东权益FCELWWD
| Q4 25 | $662.2M | $2.6B | ||
| Q3 25 | $556.2M | $2.6B | ||
| Q2 25 | $609.2M | $2.5B | ||
| Q1 25 | $635.2M | $2.3B | ||
| Q4 24 | $656.9M | $2.2B | ||
| Q3 24 | $675.8M | $2.2B | ||
| Q2 24 | $639.8M | $2.2B | ||
| Q1 24 | $663.9M | $2.3B |
总资产FCELWWD
| Q4 25 | $932.1M | $4.7B | ||
| Q3 25 | $830.5M | $4.6B | ||
| Q2 25 | $883.8M | $4.7B | ||
| Q1 25 | $907.5M | $4.5B | ||
| Q4 24 | $944.1M | $4.3B | ||
| Q3 24 | $948.9M | $4.4B | ||
| Q2 24 | $916.8M | $4.3B | ||
| Q1 24 | $923.2M | $4.4B |
负债/权益比FCELWWD
| Q4 25 | 0.16× | — | ||
| Q3 25 | 0.19× | 0.23× | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.17× | 0.30× | ||
| 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 | $114.4M |
| 自由现金流经营现金流 - 资本支出 | $-23.9M | $70.3M |
| 自由现金流率自由现金流/营收 | -43.4% | 7.1% |
| 资本支出强度资本支出/营收 | 1.8% | 4.4% |
| 现金转化率经营现金流/净利润 | — | 0.86× |
| 过去12个月自由现金流最近4个季度 | $-143.9M | $409.7M |
8季度趋势，按日历期对齐
经营现金流FCELWWD
| Q4 25 | $-22.9M | $114.4M | ||
| Q3 25 | $-26.8M | $233.3M | ||
| Q2 25 | $-29.9M | $125.6M | ||
| Q1 25 | $-45.7M | $77.8M | ||
| Q4 24 | $5.8M | $34.5M | ||
| Q3 24 | $-63.4M | $141.8M | ||
| Q2 24 | $-37.1M | $153.2M | ||
| Q1 24 | $-58.3M | $97.3M |
自由现金流FCELWWD
| Q4 25 | $-23.9M | $70.3M | ||
| Q3 25 | $-32.1M | $180.9M | ||
| Q2 25 | $-35.2M | $99.1M | ||
| Q1 25 | $-52.8M | $59.4M | ||
| Q4 24 | $-4.7M | $942.0K | ||
| Q3 24 | $-76.8M | $117.7M | ||
| Q2 24 | $-50.3M | $137.3M | ||
| Q1 24 | $-68.8M | $82.8M |
自由现金流率FCELWWD
| Q4 25 | -43.4% | 7.1% | ||
| Q3 25 | -68.6% | 18.2% | ||
| Q2 25 | -94.0% | 10.8% | ||
| Q1 25 | -277.8% | 6.7% | ||
| Q4 24 | -9.5% | 0.1% | ||
| Q3 24 | -324.0% | 13.8% | ||
| Q2 24 | -224.5% | 16.2% | ||
| Q1 24 | -412.4% | 9.9% |
资本支出强度FCELWWD
| Q4 25 | 1.8% | 4.4% | ||
| Q3 25 | 11.2% | 5.3% | ||
| Q2 25 | 14.1% | 2.9% | ||
| Q1 25 | 37.2% | 2.1% | ||
| Q4 24 | 21.4% | 4.3% | ||
| Q3 24 | 56.6% | 2.8% | ||
| Q2 24 | 58.9% | 1.9% | ||
| Q1 24 | 63.3% | 1.7% |
现金转化率FCELWWD
| Q4 25 | — | 0.86× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | 1.70× | ||
| Q2 24 | — | 1.50× | ||
| Q1 24 | — | 1.00× |
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% |
WWD
| Transferred At Point In Time | $253.6M | 25% |
| Commercial OEM | $187.9M | 19% |
| Transportation | $166.3M | 17% |
| Defense OEM | $138.2M | 14% |
| Power Generation | $122.8M | 12% |
| Oil And Gas | $72.4M | 7% |
| Defense Aftermarket | $63.8M | 6% |
