Fuelcell Energy (FCEL) Asset Utilization Ratio (2011 - 2026)
Fuelcell Energy's Asset Utilization Ratio was 0.13 in fiscal Q3 2026 (quarter ended Jul 31, 2026), down 25.1% from 0.18 a year earlier and down 21.4% from the prior quarter.
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Analysis
Fuelcell Energy (FCEL) Asset Utilization Ratio (2011 - 2026) Analysis & Trends
For FY2025 (ended Oct 31, 2025), Asset Utilization Ratio at Fuelcell Energy came in at 0.17, up 42.8% from FY2024.
- In earlier fiscal years, Asset Utilization Ratio was 0.12 in FY2024 (-9.3%), 0.13 in FY2023 (-9.4%), 0.14 in FY2022 (+44.5%) and 0.10 in FY2021 (-39.8%).
- The fiscal Q3 2026 figure marks the lowest quarterly Asset Utilization Ratio since fiscal Q1 2025.
- Compared with a year earlier, Asset Utilization Ratio was higher in six of the last eight quarters, with growth averaging 29.8%.
- The best year-over-year quarter for Asset Utilization Ratio over five years was fiscal Q3 2025 (growth of 94.6%); the worst was fiscal Q2 2024 (a decline of 47.5%).
- Per Business Quant data, FCEL's Asset Utilization Ratio in the three fiscal quarters before Q3 2026 was 0.17 (Q2 2026), 0.18 (Q1 2026) and 0.18 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 240.76 Bn | 200.68 Bn | 2.36 Bn | 0.53 |
| 2 | Bloom Energy | 64.28 Bn | 56.07 Bn | 355.57 Mn | 0.60 |
| 3 | First Solar | 18.88 Bn | 9.83 Bn | 605.00 Mn | 0.40 |
| 4 | BWX Technologies | 12.32 Bn | 10.62 Bn | 202.31 Mn | 0.80 |
| 5 | Nextpower | 12.00 Bn | 7.89 Bn | 335.85 Mn | 0.87 |
| 6 | Generac Holdings | 11.43 Bn | 10.26 Bn | 521.81 Mn | 0.78 |
| 7 | EnerSys | 6.22 Bn | 4.41 Bn | 313.36 Mn | 0.95 |
| 8 | Enphase Energy | 4.20 Bn | -654.79 Mn | 175.01 Mn | 0.47 |
| 9 | Mirion Technologies | 3.73 Bn | 1.57 Bn | 133.10 Mn | 0.29 |
| 10 | Fuelcell Energy | 882.19 Mn | -739.01 Mn | -24.50 Mn | 0.13 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 0.13 |
| 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 |
API Access
Fuelcell Energy Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=FCEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "FCEL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=FCEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();