BW vs FCEL vs AMSC Stock Comparison

Babcock & Wilcox Enterprises, Fuelcell Energy and American Superconductor Prices as of Oct 28, 2026 Peers: Industry group
FCEL Fuelcell Energy Inc
$12.38 -23.3% 1M +62.3% 1Y
Market cap
$989.83M
P/E
–
Revenue (TTM)
$154.14M
Div. yield
–
Fuel Cells Industrials
1 win

Head to Head

10 decided of 12

Babcock & Wilcox Enterprises leads on 5 of the 12 questions below (Babcock & Wilcox Enterprises 5, American Superconductor 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 $677.78M $989.83M $1.34B AMSC
Cheaper on earningsLower P/E, profitable companies only -19.5x -4.9x — –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 32.5x — 31.3x AMSC
Faster revenue growthRevenue growth, trailing twelve months +42.6% +1.1% — BW
More profitableNet margin, trailing twelve months -4.0% -115.7% — BW
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 — — — –
Better 1-year returnPrice return, last 12 months +44.0% +62.3% -51.3% FCEL
Better 5-year returnAnnualised price return, 5 years -7.8%/yr -44.7%/yr +8.9%/yr AMSC
Less volatileAnnualised volatility, 1 year 114.7% 131.3% 85.9% AMSC
Higher overall scoreMean of the five percentile scores vs peers 50/100 37/100 — BW

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 62 #24 of 61 37 #39 of 61 –
Growth 70 #18 of 58 32 #40 of 58 –
Profitability 72 #16 of 55 33 #37 of 55 –
Financial Health 37 #45 of 71 81 #14 of 71 77 #17 of 71
Shareholder Returns 11 #26 of 29 4 #28 of 29 –
Overall 50 37 –
  • BW ranked among 71 companies in Clean Energy Equipment
  • FCEL ranked among 71 companies in Clean Energy Equipment
  • AMSC ranked among 71 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 -21.0%-23.3%-3.8% +0.9%
3 months -42.6%-31.5%+5.8% +5.9%
6 months -69.2%-9.2%-40.9% +8.5%
Year to date -28.2%+69.4%-2.1% +13.3%
1 year +44.0%+62.3%-51.3% +12.4%
3 years +93.6%-60.3%+353.9% +88.1%
3 years, per year +24.7%-26.5%+65.6% +23.5%
5 years -33.4%-94.8%+53.4% +68.2%
5 years, per year -7.8%-44.7%+8.9% +11.0%
10 years -97.1%-99.0%+308.6% +263.4%
10 years, per year -29.9%-37.1%+15.1% +13.8%

Risk

MeasureBWFCELAMSCSPY
Volatility, 1Y 114.7%131.3%85.9% 12.7%
Downside volatility, 1Y 103.8%113.7%98.8% 12.7%
Beta vs S&P 500, 1Y 3.333.743.48 1.00
Return / volatility, 1Y 0.380.47-0.60 0.98
Max drawdown, 5Y -97.4%-98.9%-82.9% -25.4%
From 52-week high -79.2%-65.6%-55.3% -0.9%
52-week high $21.85$36.01$63.01 $779.14
52-week low $3.16$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 -19.5xmedian 29.4x -4.9xmedian 29.4x —median 29.4x
P/S now vs peer median 0.8xmedian 2.6x 6.4xmedian 2.6x —median 2.6x
EV/EBITDA now vs peer median 16.1xmedian 18.4x -2.5xmedian 18.4x —median 18.4x
P/FCF now vs peer median -11.7xmedian 24.4x -9.8xmedian 24.4x —median 24.4x
P/B now vs peer median 11.8xmedian 1.8x 1.0xmedian 1.8x 2.4xmedian 1.8x
PEG now vs peer median -0.79median 1.07 0.05median 1.07 —median 1.07

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 –
Gross profit $160.14M -$49.92M –
Operating income $22.49M -$179.19M –
Net income -$18.35M -$178.30M –
Free cash flow -$58.17M -$101.12M –
R&D – $28.64M –
EPS (diluted) $-0.21 $-2.53 –
Cash & equivalents $308.63M $658.10M $140.69M
Total debt $209.43M $18.80M –
Shares (diluted) 154.51M 70.41M 44.94M
Enterprise value $148.75M -$623.58M $639.64M

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 -19.5x -4.9x –
P/FCF -11.7x -9.8x –
P/Operating cash flow -19.5x -10.3x –
P/S 0.8x 6.4x –
P/B 11.8x 1.0x 2.4x
P/Tangible book 15.4x 1.0x 2.5x
EV/EBITDA 16.1x -2.5x –
EV/EBIT 25.7x -2.0x –
EV/Revenue 0.7x 2.3x –
EV/FCF -9.9x -3.5x –
EV/Operating cash flow -16.7x -3.6x –
PEG (3Y EPS CAGR) -0.79 0.05 –

Growth

14 metrics
MetricBWFCELAMSC
Revenue growth (1Y) 42.6% 1.1% –
Revenue CAGR (3Y) 3.5% 3.2% –
Gross profit growth (1Y) 20.7% -62.6% –
Gross profit CAGR (3Y) -2.8% -27.2% –
Operating income growth (1Y) 879.4% 12.6% –
Operating income CAGR (3Y) 17.5% -8.0% –
Net income growth (1Y) 87.7% 11.6% –
Net income CAGR (3Y) 17.3% -13.9% –
EPS growth (1Y) 87.1% 69.5% –
EPS CAGR (3Y) 24.6% -104.7% –
Operating cash flow growth (1Y) 72.4% 0.3% –
Operating cash flow CAGR (3Y) -73.7% 13.4% –
Free cash flow growth (1Y) 57.3% 18.9% –
Free cash flow CAGR (3Y) -120.7% 17.8% –

Profitability

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

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 1.6x
Cash ratio 0.6x 6.8x 1.0x
Altman Z-score -0.88 0.04 –

Shareholder Returns

7 metrics
MetricBWFCELAMSC
Dividend yield – – –
Net buyback yield -56.7% -59.4% –
Shareholder yield -56.7% -59.4% –
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 32.5xFY2026 – 31.3xFY2026
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 200 226 277
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) $677.78M, Fuelcell Energy (FCEL) $989.83M, American Superconductor (AMSC) $1.34B.

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%.

Which company is more profitable?

Babcock & Wilcox Enterprises (BW) has the highest net margin (Babcock & Wilcox Enterprises (BW) -4.0%, Fuelcell Energy (FCEL) -115.7%). 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) +44.0%, Fuelcell Energy (FCEL) +62.3%, American Superconductor (AMSC) -51.3%. Over five years, American Superconductor (AMSC) compounded fastest (Babcock & Wilcox Enterprises (BW) -7.8%/yr, Fuelcell Energy (FCEL) -44.7%/yr, American Superconductor (AMSC) +8.9%/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) 114.7%, Fuelcell Energy (FCEL) 131.3%, American Superconductor (AMSC) 85.9%). 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, Babcock & Wilcox Enterprises (BW) 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.