Fuelcell Energy (FCEL) Asset Utilization Ratio (2011 - 2026)
Fuelcell Energy's (FCEL) quarterly Asset Utilization Ratio came in at 0.17 in Q2 2026, up 17.25% YoY from 0.14 in Q2 2025, and down 4.63% on a QoQ basis from 0.18 in Q1 2026.
Fuelcell Energy (FCEL) Asset Utilization Ratio (2011 - 2026) Analysis & Trends
Fuelcell Energy's Asset Utilization Ratio history runs 16 years deep, the most recent figure standing at 0.17 for Q2 2026.
- On a quarterly basis, Asset Utilization Ratio rose 17.25% year-over-year to 0.17 in Q2 2026; TTM through Apr 2026 was 0.17, a 17.25% increase from a year earlier, with the FY2025 full-year figure at 0.17, up 42.81% from the prior year.
- Asset Utilization Ratio was 0.17 for Q2 2026 at Fuelcell Energy, down from 0.18 in the prior quarter.
- Over the last five years, Asset Utilization Ratio for FCEL reached as high as 0.18 in Q2 2023 and fell as low as 0.09 in Q3 2024.
- A 5-year average of 0.14 and a median of 0.13 in 2023 frame the typical range for Asset Utilization Ratio.
- The widest annual swing landed in 2024, when Asset Utilization Ratio sank 47.46%; it then jumped 94.6% in 2025.
- Tracing FCEL's Asset Utilization Ratio over 5 years: stood at 0.14 in 2022, then declined by 6.26% to 0.13 in 2023, then dropped by 8.76% to 0.12 in 2024, then soared by 51.48% to 0.18 in 2025, then dropped by 5.59% to 0.17 in 2026.
- According to Business Quant data, Asset Utilization Ratio over the past three periods registered 0.17, 0.18, and 0.18 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 0.85 |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 0.54 |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 0.63 |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 0.72 |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 0.74 |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 1.00 |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | 0.14 |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 1.00 |
| 10 | Fuelcell Energy | 1.02 Bn | 1.02 Bn | -12.93 Mn | 0.17 |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 0.17 |
| Jan 31, 2026 | 0.18 |
| Oct 31, 2025 | 0.18 |
| Jul 31, 2025 | 0.18 |
| Apr 30, 2025 | 0.14 |
| Jan 31, 2025 | 0.12 |
| Oct 31, 2024 | 0.12 |
| Jul 31, 2024 | 0.09 |
| Apr 30, 2024 | 0.09 |
| Jan 31, 2024 | 0.11 |
| Oct 31, 2023 | 0.13 |
| Jul 31, 2023 | 0.16 |
| Apr 30, 2023 | 0.18 |
| Jan 31, 2023 | 0.15 |
| Oct 31, 2022 | 0.14 |
| Jul 31, 2022 | 0.11 |
| Apr 30, 2022 | 0.10 |
| Jan 31, 2022 | 0.10 |
| Oct 31, 2021 | 0.08 |
| Jul 31, 2021 | 0.10 |