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
DateValue
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