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ERock vs Fuelcell Energy: EROC and FCEL compared
ERock is the larger company: $39.9M of revenue in its latest quarter (Q2 2026) against $33.0M for Fuelcell Energy (Q3 FY26). Fuelcell Energy is growing faster (-29% against -42% a year earlier). ERock is more profitable, with an operating margin of -49.8% against -141.4%.
Where the money goes: EROC and FCEL
ERock (EROC) · Q2 2026
ERock, Q2 2026: revenue $39.9M (-42% year over year), operating margin -49.8%, net loss $67.7M. The chart follows the revenue to costs, profit and cash.
Fuelcell Energy (FCEL) · Q3 FY26
Fuelcell Energy, Q3 FY26: revenue $33.0M (-29% year over year), operating margin -141.4%, net loss $45.3M, operating cash flow −$12.2M. The chart follows the revenue to costs, profit and cash.
| ERock (EROC) | Fuelcell Energy (FCEL) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 FY26 |
| Revenue | $39.9M | $33.0M |
| Revenue growth, Y/Y | -42% | -29% |
| Operating margin | -49.8% | -141.4% |
| Net earnings | −$67.7M | −$45.3M |
| Net margin | -169.8% | -137.2% |
| Operating cash flow | — | −$12.2M |
Where the revenue comes from
ERock
- Power System Sales Revenues: $26.5M (66%)
- Ongoing Services Revenues: $13.4M (34%)
Fuelcell Energy
- Product: $18.0M (55%)
- Generation: $8.8M (27%)
- Advanced Technologies: $3.8M (11%)
- Service: $2.4M (7%)
Questions
Which is bigger, ERock or Fuelcell Energy?
ERock is the larger company: $39.9M of revenue in its latest quarter (Q2 2026) against $33.0M for Fuelcell Energy (Q3 FY26).
Is ERock or Fuelcell Energy growing faster?
Fuelcell Energy is growing faster (-29% against -42% a year earlier).
Which is more profitable, ERock or Fuelcell Energy?
ERock is more profitable, with an operating margin of -49.8% against -141.4%.
More: ERock earnings · how ERock makes money · Fuelcell Energy earnings · how Fuelcell Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 12, 2026; 10-Q filed Sep 2, 2026). Fiscal quarters can end on different dates. Not investment advice.