BW vs FCEL vs AMSC Stock Comparison

Babcock & Wilcox Enterprises, Fuelcell Energy and American Superconductor Prices as of Nov 3, 2026 Peers: Industry group
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FCEL Fuelcell Energy Inc
$11.21 -39.3% 1M +35.1% 1Y
Market cap
$737.85M
P/E
–
Revenue (TTM)
$154.14M
Div. yield
–
Fuel Cells Industrials
1 win

Head to Head

10 decided of 12

American Superconductor leads on 5 of the 12 questions below (American Superconductor 5, Babcock & Wilcox Enterprises 4, Fuelcell Energy 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBWFCELAMSCLeader
Larger companyMarket capitalisation $521.03M $737.85M $1.25B AMSC
Cheaper on earningsLower P/E, profitable companies only -15.7x -4.1x 9.2x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 30.3x — 30.8x BW
Faster revenue growthRevenue growth, trailing twelve months +42.6% +1.1% +25.9% BW
More profitableNet margin, trailing twelve months -4.0% -115.7% 42.6% AMSC
Better return on capitalReturn on invested capital 14.3% -20.5% — BW
Less leveragedLower net debt / EBITDA -2.8x 4.6x — BW
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +8.2% +35.1% -54.3% FCEL
Better 5-year returnAnnualised price return, 5 years -10.2%/yr -47.4%/yr +9.2%/yr AMSC
Less volatileAnnualised volatility, 1 year 114.6% 130.6% 85.4% AMSC
Higher overall scoreMean of the five percentile scores vs peers 50/100 38/100 84/100 AMSC

Percentile Scorecard

BWFCELAMSC

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBWFCELAMSC
Valuation 58 #27 of 63 36 #41 of 63 82 #12 of 63
Growth 68 #20 of 60 32 #41 of 60 97 #3 of 60
Profitability 71 #17 of 57 32 #39 of 57 82 #11 of 57
Financial Health 41 #43 of 72 82 #14 of 72 79 #16 of 72
Shareholder Returns 9 #30 of 33 6 #31 of 33 78 #8 of 33
Overall 50 38 84
  • BW ranked among 72 companies in Clean Energy Equipment
  • FCEL ranked among 72 companies in Clean Energy Equipment
  • AMSC ranked among 72 companies in Clean Energy Equipment

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBWFCELAMSCSPY
1 month -25.6%-39.3%-7.8% -2.0%
3 months -58.2%-50.2%-17.2% -2.2%
6 months -72.6%-17.3%-49.7% +4.2%
Year to date -33.1%+53.4%-3.8% +10.6%
1 year +8.2%+35.1%-54.3% +10.4%
3 years +66.3%-70.1%+257.2% +73.6%
3 years, per year +18.5%-33.2%+52.9% +20.2%
5 years -41.5%-96.0%+55.5% +61.6%
5 years, per year -10.2%-47.4%+9.2% +10.1%
10 years -97.0%-98.9%+313.8% +261.3%
10 years, per year -29.5%-36.2%+15.3% +13.7%

Risk

MeasureBWFCELAMSCSPY
Volatility, 1Y 114.6%130.6%85.4% 12.8%
Downside volatility, 1Y 103.6%113.5%97.9% 12.8%
Beta vs S&P 500, 1Y 3.403.773.44 1.00
Return / volatility, 1Y 0.070.27-0.64 0.81
Max drawdown, 5Y -97.4%-98.9%-82.0% -25.4%
From 52-week high -80.6%-68.9%-54.3% -3.2%
52-week high $21.85$36.01$60.63 $779.14
52-week low $3.74$6.00$25.01 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBWFCELAMSC
P/E now vs peer median -18.2xmedian 28.1x -4.4xmedian 28.1x 9.7xmedian 28.1x
P/S now vs peer median 0.8xmedian 2.6x 5.8xmedian 2.6x 4.2xmedian 2.6x
EV/EBITDA now vs peer median 14.8xmedian 18.9x -1.9xmedian 18.9x 48.7xmedian 18.9x
P/FCF now vs peer median -10.9xmedian 29.8x -8.9xmedian 29.8x 65.3xmedian 29.8x
P/B now vs peer median 11.0xmedian 1.9x 0.9xmedian 1.9x 2.3xmedian 1.9x
PEG now vs peer median -0.74median 0.77 0.04median 0.77 0.19median 0.77

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBWFCELAMSC
Revenue $821.95M $154.14M $320.87M
Gross profit $160.14M -$49.92M $91.62M
Operating income $22.49M -$179.19M $15.63M
Net income -$18.35M -$178.30M $136.58M
Free cash flow -$58.17M -$101.12M $20.52M
R&D – $28.64M $15.36M
EPS (diluted) $-0.21 $-2.53 $2.90
Cash & equivalents $308.63M $658.10M $143.71M
Total debt $209.43M $18.80M –
Shares (diluted) 154.51M 70.41M 47.12M
Enterprise value -$8.00M -$883.35M $616.34M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBWFCELAMSC
P/E -18.2x -4.4x 9.7x
P/FCF -10.9x -8.9x 65.3x
P/Operating cash flow -18.2x -9.3x 38.3x
P/S 0.8x 5.8x 4.2x
P/B 11.0x 0.9x 2.3x
P/Tangible book 14.4x 0.9x 2.4x
EV/EBITDA 14.8x -1.9x 48.7x
EV/EBIT 23.7x -1.4x 76.6x
EV/Revenue 0.6x 1.7x 3.7x
EV/FCF -9.2x -2.5x 58.3x
EV/Operating cash flow -15.3x -2.7x 34.2x
PEG (3Y EPS CAGR) -0.74 0.04 0.19

Growth

14 metrics
MetricBWFCELAMSC
Revenue growth (1Y) 42.6% 1.1% 25.9%
Revenue CAGR (3Y) 3.5% 3.2% 41.4%
Gross profit growth (1Y) 20.7% -62.6% 23.6%
Gross profit CAGR (3Y) -2.8% -27.2% 93.8%
Operating income growth (1Y) 879.4% 12.6% 98.9%
Operating income CAGR (3Y) 17.5% -8.0% 36.3%
Net income growth (1Y) 87.7% 11.6% 793.8%
Net income CAGR (3Y) 17.3% -13.9% 62.4%
EPS growth (1Y) 87.1% 69.5% 653.7%
EPS CAGR (3Y) 24.6% -104.7% 49.9%
Operating cash flow growth (1Y) 72.4% 0.3% 20.8%
Operating cash flow CAGR (3Y) -73.7% 13.4% 56.8%
Free cash flow growth (1Y) 57.3% 18.9% -21.2%
Free cash flow CAGR (3Y) -120.7% 17.8% 44.7%

Profitability

14 metrics
MetricBWFCELAMSC
Gross margin 19.5% -32.4% 28.6%
EBITDA margin 4.4% -89.9% 7.7%
Operating margin 2.7% -116.3% 4.9%
Pretax margin -8.8% -115.7% 6.4%
Net margin -4.0% -115.7% 42.6%
FCF margin -7.1% -65.6% 6.4%
Operating cash flow margin -4.2% -62.5% 10.9%
Return on equity – -20.8% 24.2%
Return on assets -8.9% -15.4% 18.2%
Return on invested capital 14.3% -20.5% –
Return on capital employed 5.9% -16.9% 2.6%
Asset turnover 0.9x 0.1x 0.4x
Cash conversion (OCF / net income) 1.9x 0.5x 0.3x
Stock comp / revenue 2.0% 6.4% 5.6%

Financial Health

11 metrics
MetricBWFCELAMSC
Debt / assets 21.0% 1.4% –
Debt / equity 3.7x 0.0x –
Net debt / EBITDA -2.8x 4.6x –
Debt / FCF -3.6x -0.2x –
Liabilities / assets 94.3% 25.0% 24.9%
Equity / assets 5.7% 75.0% 75.1%
Interest coverage 0.9x -16.0x –
Current ratio 1.5x 8.7x 2.4x
Quick ratio 1.1x 7.3x 1.7x
Cash ratio 0.6x 6.8x 1.0x
Altman Z-score -0.91 -0.13 3.36

Shareholder Returns

7 metrics
MetricBWFCELAMSC
Dividend yield – – –
Net buyback yield -60.8% -65.6% 0.0%
Shareholder yield -60.8% -65.6% 0.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBWFCELAMSC
Forward P/E 30.3xFY2026 – 30.8xFY2026
EPS, next fiscal year $0.14FY2026 $-2.70FY2026 $0.90FY2026
EPS growth, next FY – – -75.0%FY2026
EPS growth, the year after +221.4% – +40.0%
Revenue, next fiscal year $1.01BFY2026 $153.46MFY2026 $383.43MFY2026
Revenue growth, next FY +71.1%FY2026 -3.0%FY2026 +28.2%FY2026
Revenue growth, the year after +35.9% +71.6% +15.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBWFCELAMSC
Held by institutions 88.0% 65.0% 73.7%
Institutions holding 200 228 278
Change in shares held, QoQ +24.0% +67.3% +6.4%
Institutions buying 146 161 173
Institutions selling 41 38 77
Buyers to sellers 3.56 4.24 2.25

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BWFCELAMSC
BW 1.00 0.39 0.29
FCEL 0.39 1.00 0.46
AMSC 0.29 0.46 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BW, FCEL and AMSC?

American Superconductor (AMSC) is the largest by market capitalisation: Babcock & Wilcox Enterprises (BW) $521.03M, Fuelcell Energy (FCEL) $737.85M, American Superconductor (AMSC) $1.25B.

Which company is growing faster?

Babcock & Wilcox Enterprises (BW) grew revenue fastest over the trailing twelve months: Babcock & Wilcox Enterprises (BW) +42.6%, Fuelcell Energy (FCEL) +1.1%, American Superconductor (AMSC) +25.9%.

Which company is more profitable?

American Superconductor (AMSC) has the highest net margin (Babcock & Wilcox Enterprises (BW) -4.0%, Fuelcell Energy (FCEL) -115.7%, American Superconductor (AMSC) 42.6%). On return on invested capital, Babcock & Wilcox Enterprises (BW) leads (Babcock & Wilcox Enterprises (BW) 14.3%, Fuelcell Energy (FCEL) -20.5%).

Which stock has performed better?

Over the past year Fuelcell Energy (FCEL) returned the most: Babcock & Wilcox Enterprises (BW) +8.2%, Fuelcell Energy (FCEL) +35.1%, American Superconductor (AMSC) -54.3%. Over five years, American Superconductor (AMSC) compounded fastest (Babcock & Wilcox Enterprises (BW) -10.2%/yr, Fuelcell Energy (FCEL) -47.4%/yr, American Superconductor (AMSC) +9.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, American Superconductor (AMSC) has been the steadiest (Babcock & Wilcox Enterprises (BW) 114.6%, Fuelcell Energy (FCEL) 130.6%, American Superconductor (AMSC) 85.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BW, FCEL and AMSC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, American Superconductor (AMSC) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.