BW vs FCEL vs WPRT Stock Comparison

Babcock & Wilcox Enterprises, Fuelcell Energy and Aetherion Technologies 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
2 wins

Head to Head

9 decided of 12

Babcock & Wilcox Enterprises leads on 6 of the 12 questions below (Babcock & Wilcox Enterprises 6, Fuelcell Energy 2, Aetherion Technologies 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBWFCELWPRTLeader
Larger companyMarket capitalisation $677.78M $989.83M $36.14M FCEL
Cheaper on earningsLower P/E, profitable companies only -19.5x -4.9x -0.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 32.5x — — –
Faster revenue growthRevenue growth, trailing twelve months +42.6% +1.1% -73.4% BW
More profitableNet margin, trailing twelve months -4.0% -115.7% -493.2% BW
Better return on capitalReturn on invested capital 14.3% -20.5% -39.8% BW
Less leveragedLower net debt / EBITDA -2.8x 4.6x 1.0x BW
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months +44.0% +62.3% +2.5% FCEL
Better 5-year returnAnnualised price return, 5 years -7.8%/yr -44.7%/yr -42.7%/yr BW
Less volatileAnnualised volatility, 1 year 114.7% 131.3% 53.4% WPRT
Higher overall scoreMean of the five percentile scores vs peers 50/100 37/100 25/100 BW

Percentile Scorecard

BWFCELWPRT

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

AxisBWFCELWPRT
Valuation 62 #24 of 61 37 #39 of 61 10 #182 of 203
Growth 70 #18 of 58 32 #40 of 58 30 #132 of 188
Profitability 72 #16 of 55 33 #37 of 55 4 #176 of 184
Financial Health 37 #45 of 71 81 #14 of 71 55 #99 of 217
Shareholder Returns 11 #26 of 29 4 #28 of 29 –
Overall 50 37 25
  • BW ranked among 71 companies in Clean Energy Equipment
  • FCEL ranked among 71 companies in Clean Energy Equipment
  • WPRT ranked among 222 companies in Machinery

Price Performance

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

Returns

PeriodBWFCELWPRTSPY
1 month -21.0%-23.3%+2.5% +0.9%
3 months -42.6%-31.5%+20.2% +5.9%
6 months -69.2%-9.2%+5.6% +8.5%
Year to date -28.2%+69.4%+32.5% +13.3%
1 year +44.0%+62.3%+2.5% +12.4%
3 years +93.6%-60.3%-58.0% +88.1%
3 years, per year +24.7%-26.5%-25.1% +23.5%
5 years -33.4%-94.8%-93.8% +68.2%
5 years, per year -7.8%-44.7%-42.7% +11.0%
10 years -97.1%-99.0%-86.8% +263.4%
10 years, per year -29.9%-37.1%-18.4% +13.8%

Risk

MeasureBWFCELWPRTSPY
Volatility, 1Y 114.7%131.3%53.4% 12.7%
Downside volatility, 1Y 103.8%113.7%47.4% 12.7%
Beta vs S&P 500, 1Y 3.333.740.64 1.00
Return / volatility, 1Y 0.380.470.05 0.98
Max drawdown, 5Y -97.4%-98.9%-96.1% -25.4%
From 52-week high -79.2%-65.6%-15.8% -0.9%
52-week high $21.85$36.01$2.47 $779.14
52-week low $3.16$6.00$1.54 $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.

MultipleBWFCELWPRT
P/E now vs peer median -19.5xmedian 29.4x -4.9xmedian 29.4x -0.9xmedian 25.4x
P/S now vs peer median 0.8xmedian 2.6x 6.4xmedian 2.6x 4.3xmedian 1.9x
EV/EBITDA now vs peer median 16.1xmedian 18.4x -2.5xmedian 18.4x -0.6xmedian 14.3x
P/FCF now vs peer median -11.7xmedian 24.4x -9.8xmedian 24.4x -4.1xmedian 21.8x
P/B now vs peer median 11.8xmedian 1.8x 1.0xmedian 1.8x 0.7xmedian 2.2x
PEG now vs peer median -0.79median 1.07 0.05median 1.07 -0.11median 1.41

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 monthsBWFCELWPRT
Revenue $821.95M $154.14M $8.50M
Gross profit $160.14M -$49.92M $952.00K
Operating income $22.49M -$179.19M -$23.52M
Net income -$18.35M -$178.30M -$41.91M
Free cash flow -$58.17M -$101.12M -$8.83M
R&D – $28.64M $5.35M
EPS (diluted) $-0.21 $-2.53 $-2.42
Cash & equivalents $308.63M $658.10M $23.95M
Total debt $209.43M $18.80M $972.00K
Shares (diluted) 154.51M 70.41M 17.34M
Enterprise value $148.75M -$623.58M -$200.96M

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
MetricBWFCELWPRT
P/E -19.5x -4.9x -0.9x
P/FCF -11.7x -9.8x -4.1x
P/Operating cash flow -19.5x -10.3x -4.6x
P/S 0.8x 6.4x 4.3x
P/B 11.8x 1.0x 0.7x
P/Tangible book 15.4x 1.0x 0.7x
EV/EBITDA 16.1x -2.5x -0.6x
EV/EBIT 25.7x -2.0x -0.6x
EV/Revenue 0.7x 2.3x 1.5x
EV/FCF -9.9x -3.5x -1.5x
EV/Operating cash flow -16.7x -3.6x -1.7x
PEG (3Y EPS CAGR) -0.79 0.05 -0.11

Growth

14 metrics
MetricBWFCELWPRT
Revenue growth (1Y) 42.6% 1.1% -73.4%
Revenue CAGR (3Y) 3.5% 3.2% -70.1%
Gross profit growth (1Y) 20.7% -62.6% -72.0%
Gross profit CAGR (3Y) -2.8% -27.2% -72.0%
Operating income growth (1Y) 879.4% 12.6% -71.1%
Operating income CAGR (3Y) 17.5% -8.0% -35.5%
Net income growth (1Y) 87.7% 11.6% 21.9%
Net income CAGR (3Y) 17.3% -13.9% 7.3%
EPS growth (1Y) 87.1% 69.5% 18.0%
EPS CAGR (3Y) 24.6% -104.7% 7.7%
Operating cash flow growth (1Y) 72.4% 0.3% 55.5%
Operating cash flow CAGR (3Y) -73.7% 13.4% 10.8%
Free cash flow growth (1Y) 57.3% 18.9% 55.5%
Free cash flow CAGR (3Y) -120.7% 17.8% 27.8%

Profitability

14 metrics
MetricBWFCELWPRT
Gross margin 19.5% -32.4% 11.2%
EBITDA margin 4.4% -89.9% -267.3%
Operating margin 2.7% -116.3% -276.7%
Pretax margin -8.8% -115.7% -423.1%
Net margin -4.0% -115.7% -493.2%
FCF margin -7.1% -65.6% -103.9%
Operating cash flow margin -4.2% -62.5% -93.2%
Return on equity – -20.8% -29.3%
Return on assets -8.9% -15.4% -19.9%
Return on invested capital 14.3% -20.5% -39.8%
Return on capital employed 5.9% -16.9% -42.2%
Asset turnover 0.9x 0.1x 0.1x
Cash conversion (OCF / net income) 1.9x 0.5x 0.2x
Stock comp / revenue 2.0% 6.4% 8.2%

Financial Health

11 metrics
MetricBWFCELWPRT
Debt / assets 21.0% 1.4% 1.1%
Debt / equity 3.7x 0.0x 0.0x
Net debt / EBITDA -2.8x 4.6x 1.0x
Debt / FCF -3.6x -0.2x -0.1x
Liabilities / assets 94.3% 25.0% 38.5%
Equity / assets 5.7% 75.0% 61.5%
Interest coverage 0.9x -16.0x -100.9x
Current ratio 1.5x 8.7x 1.1x
Quick ratio 1.1x 7.3x 1.1x
Cash ratio 0.6x 6.8x 0.8x
Altman Z-score -0.88 0.04 -19.44

Shareholder Returns

7 metrics
MetricBWFCELWPRT
Dividend yield – – –
Net buyback yield -56.7% -59.4% 306.4%
Shareholder yield -56.7% -59.4% 306.4%
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.

ConsensusBWFCELWPRT
Forward P/E 32.5xFY2026 – –
EPS, next fiscal year $0.14FY2026 $-2.70FY2026 $-1.37FY2026
EPS growth, the year after +221.4% – –
Revenue, next fiscal year $1.01BFY2026 $153.46MFY2026 $10.34MFY2026
Revenue growth, next FY +71.1%FY2026 -3.0%FY2026 -55.7%FY2026
Revenue growth, the year after +35.9% +71.6% +10.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBWFCELWPRT
Held by institutions 88.0% 65.0% 21.0%
Institutions holding 200 226 46
Change in shares held, QoQ +24.0% +67.3% +70.5%
Institutions buying 146 161 16
Institutions selling 41 38 13
Buyers to sellers 3.56 4.24 1.23

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.

BWFCELWPRT
BW 1.00 0.39 0.05
FCEL 0.39 1.00 0.12
WPRT 0.05 0.12 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BW, FCEL and WPRT?

Fuelcell Energy (FCEL) is the largest by market capitalisation: Babcock & Wilcox Enterprises (BW) $677.78M, Fuelcell Energy (FCEL) $989.83M, Aetherion Technologies (WPRT) $36.14M.

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%, Aetherion Technologies (WPRT) -73.4%.

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%, Aetherion Technologies (WPRT) -493.2%). On return on invested capital, Babcock & Wilcox Enterprises (BW) leads (Babcock & Wilcox Enterprises (BW) 14.3%, Fuelcell Energy (FCEL) -20.5%, Aetherion Technologies (WPRT) -39.8%).

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%, Aetherion Technologies (WPRT) +2.5%. Over five years, Babcock & Wilcox Enterprises (BW) compounded fastest (Babcock & Wilcox Enterprises (BW) -7.8%/yr, Fuelcell Energy (FCEL) -44.7%/yr, Aetherion Technologies (WPRT) -42.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Aetherion Technologies (WPRT) has been the steadiest (Babcock & Wilcox Enterprises (BW) 114.7%, Fuelcell Energy (FCEL) 131.3%, Aetherion Technologies (WPRT) 53.4%). Volatility measures how widely the price swings, not the risk of the business.

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

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 6. 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.