Fuelcell Energy vs Tigo Energy
Fuelcell Energy is the larger business, with $158m of revenue in fiscal 2025 against $104m for Tigo Energy (1.5 times as much). Tigo Energy grew faster (91.7% against 41.0%). Tigo Energy kept more of each dollar of sales as profit: a net margin of -1.8% against -118.8%. Tigo Energy carries less debt relative to equity (0.0% against 18.1%).
| Latest fiscal year | Fuelcell EnergyFCEL, 2025 | Tigo EnergyTYGO, 2025 |
|---|---|---|
| Revenue | $158m | $104m |
| Revenue growth | 41.0% | 91.7% |
| Net income | −$188m | −$1.9m |
| Operating margin | -121.6% | -4.3% |
| Net margin | -118.8% | -1.8% |
| Return on equity | -28.5% | -10.4% |
| Free cash flow | −$144m | $9.7m |
| Cash | $278m | $7.7m |
| Total debt | $120m | $0 |
| Debt to equity | 18.1% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 424 | 138 |
| Market value | $840m | $67.3m |
| Price vs our value range | — | — |
| Moat score | 16 (Weak) | — |
| Insider trades, 12 months | 2 buys, 4 sales | 0 buys, 9 sales |