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FCEL vs LIN
Revenue, margins, valuation, and 5-year total return — side by side.
Chemicals - Specialty
FCEL vs LIN — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Electrical Equipment & Parts | Chemicals - Specialty |
| Market Cap | $674M | $232.56B |
| Revenue (TTM) | $170M | $34.66B |
| Net Income (TTM) | $-183M | $7.13B |
| Gross Margin | -15.9% | 46.0% |
| Operating Margin | -67.6% | 28.8% |
| Forward P/E | — | 28.1x |
| Total Debt | $144M | $26.99B |
| Cash & Equiv. | $295M | $5.06B |
FCEL vs LIN — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| FuelCell Energy, In… (FCEL) | 100 | 20.0 | -80.0% |
| Linde plc (LIN) | 100 | 248.0 | +148.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FCEL vs LIN
Each card shows where this stock fits in a portfolio — not just who wins on paper.
FCEL is the clearest fit if your priority is growth exposure and sleep-well-at-night.
- Rev growth 41.0%, EPS growth -14.1%, 3Y rev CAGR 6.6%
- Lower volatility, beta 2.91, Low D/E 19.7%, current ratio 6.63x
- 41.0% revenue growth vs LIN's 3.0%
LIN carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 6 yrs, beta 0.24, yield 1.2%
- 376.9% 10Y total return vs FCEL's -99.4%
- Beta 0.24, yield 1.2%, current ratio 0.88x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 41.0% revenue growth vs LIN's 3.0% | |
| Quality / Margins | 20.6% margin vs FCEL's -108.0% | |
| Stability / Safety | Beta 0.24 vs FCEL's 2.91 | |
| Dividends | 1.2% yield, 6-year raise streak, vs FCEL's 1.0% | |
| Momentum (1Y) | +242.5% vs LIN's +13.6% | |
| Efficiency (ROA) | 8.3% ROA vs FCEL's -20.1%, ROIC 11.3% vs -14.0% |
FCEL vs LIN — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FCEL vs LIN — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
LIN leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
LIN is the larger business by revenue, generating $34.7B annually — 204.2x FCEL's $170M. LIN is the more profitable business, keeping 20.6% of every revenue dollar as net income compared to FCEL's -108.0%. On growth, FCEL holds the edge at +60.7% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $170M | $34.7B |
| EBITDAEarnings before interest/tax | -$84M | $12.1B |
| Net IncomeAfter-tax profit | -$183M | $7.1B |
| Free Cash FlowCash after capex | -$126M | $5.1B |
| Gross MarginGross profit ÷ Revenue | -15.9% | +46.0% |
| Operating MarginEBIT ÷ Revenue | -67.6% | +28.8% |
| Net MarginNet income ÷ Revenue | -108.0% | +20.6% |
| FCF MarginFCF ÷ Revenue | -74.2% | +14.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +60.7% | +8.2% |
| EPS Growth (YoY)Latest quarter vs prior year | +65.5% | +13.4% |
Valuation Metrics
FCEL leads this category, winning 3 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $674M | $232.6B |
| Enterprise ValueMkt cap + debt − cash | $523M | $254.5B |
| Trailing P/EPrice ÷ TTM EPS | -1.73x | 34.40x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 28.12x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.36x |
| EV / EBITDAEnterprise value multiple | — | 20.04x |
| Price / SalesMarket cap ÷ Revenue | 4.26x | 6.84x |
| Price / BookPrice ÷ Book value/share | 0.45x | 5.92x |
| Price / FCFMarket cap ÷ FCF | — | 45.70x |
Profitability & Efficiency
LIN leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
LIN delivers a 17.8% return on equity — every $100 of shareholder capital generates $18 in annual profit, vs $-27 for FCEL. FCEL carries lower financial leverage with a 0.20x debt-to-equity ratio, signaling a more conservative balance sheet compared to LIN's 0.68x. On the Piotroski fundamental quality scale (0–9), LIN scores 6/9 vs FCEL's 5/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -26.8% | +17.8% |
| ROA (TTM)Return on assets | -20.1% | +8.3% |
| ROICReturn on invested capital | -14.0% | +11.3% |
| ROCEReturn on capital employed | -13.8% | +13.0% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 0.20x | 0.68x |
| Net DebtTotal debt minus cash | -$151M | $21.9B |
| Cash & Equiv.Liquid assets | $295M | $5.1B |
| Total DebtShort + long-term debt | $144M | $27.0B |
| Interest CoverageEBIT ÷ Interest expense | -30.14x | 34.52x |
Total Returns (Dividends Reinvested)
LIN leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in LIN five years ago would be worth $17,813 today (with dividends reinvested), compared to $538 for FCEL. Over the past 12 months, FCEL leads with a +242.5% total return vs LIN's +13.6%. The 3-year compound annual growth rate (CAGR) favors LIN at 12.4% vs FCEL's -43.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +56.8% | +17.3% |
| 1-Year ReturnPast 12 months | +242.5% | +13.6% |
| 3-Year ReturnCumulative with dividends | -82.1% | +41.9% |
| 5-Year ReturnCumulative with dividends | -94.6% | +78.1% |
| 10-Year ReturnCumulative with dividends | -99.4% | +376.9% |
| CAGR (3Y)Annualised 3-year return | -43.7% | +12.4% |
Risk & Volatility
LIN leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
LIN is the less volatile stock with a 0.24 beta — it tends to amplify market swings less than FCEL's 2.91 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. LIN currently trades 96.3% from its 52-week high vs FCEL's 89.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.91x | 0.24x |
| 52-Week HighHighest price in past year | $14.30 | $521.28 |
| 52-Week LowLowest price in past year | $3.58 | $387.78 |
| % of 52W HighCurrent price vs 52-week peak | +89.6% | +96.3% |
| RSI (14)Momentum oscillator 0–100 | 70.4 | 50.6 |
| Avg Volume (50D)Average daily shares traded | 3.7M | 2.3M |
Analyst Outlook
LIN leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates FCEL as "Hold" and LIN as "Buy". Consensus price targets imply 7.5% upside for LIN (target: $540) vs -31.9% for FCEL (target: $9). For income investors, LIN offers the higher dividend yield at 1.20% vs FCEL's 0.97%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $8.73 | $539.71 |
| # AnalystsCovering analysts | 19 | 28 |
| Dividend YieldAnnual dividend ÷ price | +1.0% | +1.2% |
| Dividend StreakConsecutive years of raises | 2 | 6 |
| Dividend / ShareAnnual DPS | $0.12 | $6.00 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +2.0% |
LIN leads in 5 of 6 categories (Income & Cash Flow, Profitability & Efficiency). FCEL leads in 1 (Valuation Metrics).
FCEL vs LIN: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is FCEL or LIN a better buy right now?
For growth investors, FuelCell Energy, Inc.
(FCEL) is the stronger pick with 41. 0% revenue growth year-over-year, versus 3. 0% for Linde plc (LIN). Linde plc (LIN) offers the better valuation at 34. 4x trailing P/E (28. 1x forward), making it the more compelling value choice. Analysts rate Linde plc (LIN) a "Buy" — based on 28 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — FCEL or LIN?
Over the past 5 years, Linde plc (LIN) delivered a total return of +78.
1%, compared to -94. 6% for FuelCell Energy, Inc. (FCEL). Over 10 years, the gap is even starker: LIN returned +376. 9% versus FCEL's -99. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — FCEL or LIN?
By beta (market sensitivity over 5 years), Linde plc (LIN) is the lower-risk stock at 0.
24β versus FuelCell Energy, Inc. 's 2. 91β — meaning FCEL is approximately 1110% more volatile than LIN relative to the S&P 500. On balance sheet safety, FuelCell Energy, Inc. (FCEL) carries a lower debt/equity ratio of 20% versus 68% for Linde plc — giving it more financial flexibility in a downturn.
04Which is growing faster — FCEL or LIN?
By revenue growth (latest reported year), FuelCell Energy, Inc.
(FCEL) is pulling ahead at 41. 0% versus 3. 0% for Linde plc (LIN). On earnings-per-share growth, the picture is similar: Linde plc grew EPS 7. 1% year-over-year, compared to -1414. 3% for FuelCell Energy, Inc.. Over a 3-year CAGR, FCEL leads at 6. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — FCEL or LIN?
Linde plc (LIN) is the more profitable company, earning 20.
3% net margin versus -118. 8% for FuelCell Energy, Inc. — meaning it keeps 20. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: LIN leads at 26. 3% versus -76. 6% for FCEL. At the gross margin level — before operating expenses — LIN leads at 43. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is FCEL or LIN more undervalued right now?
Analyst consensus price targets imply the most upside for LIN: 7.
5% to $539. 71.
07Which pays a better dividend — FCEL or LIN?
All stocks in this comparison pay dividends.
Linde plc (LIN) offers the highest yield at 1. 2%, versus 1. 0% for FuelCell Energy, Inc. (FCEL).
08Is FCEL or LIN better for a retirement portfolio?
For long-horizon retirement investors, Linde plc (LIN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
24), 1. 2% yield, +376. 9% 10Y return). FuelCell Energy, Inc. (FCEL) carries a higher beta of 2. 91 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (LIN: +376. 9%, FCEL: -99. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between FCEL and LIN?
These companies operate in different sectors (FCEL (Industrials) and LIN (Basic Materials)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: FCEL is a small-cap high-growth stock; LIN is a large-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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