Revenue Comparison
Chart: Revenue Comparison. Values in USD_BILLIONS. In Q4 2025: Ceres Power 0.0075, Nel 0.153.
* Ceres Power reports semi-annually. Values are evenly split across both quarters within each half.
Ceres Power vs Nel: Revenue Comparison
Ceres Power (CWR.L) and Nel (NEL.OL) are peers in Hydrogen & Fuel Cells. Ceres Power reported revenue of $15M as of Q4 2025, compared with $153M for Nel. Nel leads on revenue.
Ceres Power's gross margin is 34.7% versus 54.1% for Nel. Ceres Power's net margin is -241.6% versus -122.9% for Nel.
Latest Quarter Comparison
Table: Latest Quarter Comparison. 15 rows across Metric, Ceres Power, Nel.| Metric | Ceres Power | Nel |
|---|---|---|
| Market Cap | - | - |
| Revenue | $15.00M | $153.00M |
| Cost of Revenue | $10.00M | $70.00M |
| Gross Profit | $5.00M | $83.00M |
| Operating Income | $-36.00M | $-234.00M |
| Net Income | $-35.00M | $-189.00M |
| R&D Expense | $29.00M | $0 |
| Earnings Per Share | -$0.18 | -$0.1 |
| Gross Margin | 34.7% | 54.1% |
| Operating Margin | -246.0% | -152.2% |
| Net Profit Margin | -241.6% | -122.9% |
| Free Cash Flow | $-26.00M | $-73.00M |
| Cumulative Free Cash Flow | $-438.00M | $-6.34B |
| Operating Cash Flow | $-25.00M | $2.00M |
| Cash & Equivalents | $45.00M | $1.33B |