Revenue Comparison
Chart: Revenue Comparison. Values in USD_BILLIONS. In Q4 2025: Ceres Power 0.0075, ITM Power 0.0115.
* Ceres Power, ITM Power report semi-annually. Values are evenly split across both quarters within each half.
Ceres Power vs ITM Power: Revenue Comparison
Ceres Power (CWR.L) and ITM Power (ITM.L) are peers in Hydrogen & Fuel Cells. Ceres Power reported revenue of $15M as of Q4 2025, compared with $23M for ITM Power. ITM Power leads on revenue.
Ceres Power's gross margin is 34.7% versus -59.0% for ITM Power. Ceres Power's net margin is -241.6% versus -78.5% for ITM Power.
Latest Quarter Comparison
Table: Latest Quarter Comparison. 15 rows across Metric, Ceres Power, ITM Power.| Metric | Ceres Power | ITM Power |
|---|---|---|
| Market Cap | - | - |
| Revenue | $15.00M | $23.00M |
| Cost of Revenue | $10.00M | $36.00M |
| Gross Profit | $5.00M | $-13.00M |
| Operating Income | $-36.00M | $-23.00M |
| Net Income | $-35.00M | $-18.00M |
| R&D Expense | $29.00M | $0 |
| Earnings Per Share | -$0.18 | -$0.03 |
| Gross Margin | 34.7% | -59.0% |
| Operating Margin | -246.0% | -99.8% |
| Net Profit Margin | -241.6% | -78.5% |
| Free Cash Flow | $-26.00M | $-8.00M |
| Cumulative Free Cash Flow | $-438.00M | $-484.00M |
| Operating Cash Flow | $-25.00M | $-2.00M |
| Cash & Equivalents | $45.00M | $249.00M |