Fuelcell Energy (FCEL) EBITDA (2010 - 2026)

Fuelcell Energy's (FCEL) quarterly EBITDA came in at -$77.9 million in Q2 2026, down 106.41% YoY from $1.2 billion in Q2 2025, and down 198.37% on a QoQ basis from -$26.1 million in Q1 2026.

Fuelcell Energy (FCEL) EBITDA (2010 - 2026) Analysis & Trends

Fuelcell Energy's EBITDA history runs 17 years deep, the most recent figure standing at -$77.9 million for Q2 2026.

  • On a quarterly basis, EBITDA fell 106.41% year-over-year to -$77.9 million in Q2 2026; TTM through Apr 2026 was -$222.0 million, a 101.62% decrease from a year earlier, with the FY2025 full-year figure at -$188.0 million, down 49.35% from the prior year.
  • EBITDA was -$77.9 million for Q2 2026 at Fuelcell Energy, down from -$26.1 million in the prior quarter.
  • Over the last five years, EBITDA for FCEL reached as high as -$8.8 million in Q4 2024 and fell as low as -$92.3 million in Q3 2025.
  • A 5-year average of -$35.7 million and a median of -$30.3 million in 2022 frame the typical range for EBITDA.
  • The widest annual swing landed in 2022, when EBITDA sank 212.0%; it then soared 71.02% in 2024.
  • Tracing FCEL's EBITDA over 5 years: stood at -$42.6 million in 2022, then increased by 28.63% to -$30.4 million in 2023, then soared by 71.02% to -$8.8 million in 2024, then plunged by 191.31% to -$25.7 million in 2025, then slumped by 203.51% to -$77.9 million in 2026.
  • According to Business Quant data, EBITDA over the past three periods registered -$77.9 million, -$26.1 million, and -$25.7 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - -
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 440.10 Mn
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn 72.20 Mn
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 145.60 Mn
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 263.80 Mn
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 68.30 Mn
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn 57.58 Mn
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn 11.60 Mn
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 117.50 Mn
10 Fuelcell Energy 1.02 Bn 1.02 Bn -12.93 Mn -77.95 Mn

Historic Data

Download Data
DateValue
Apr 30, 2026 -77.95 Mn
Jan 31, 2026 -26.13 Mn
Oct 31, 2025 -25.68 Mn
Jul 31, 2025 -92.27 Mn
Apr 30, 2025 -37.76 Mn
Jan 31, 2025 -28.56 Mn
Oct 31, 2024 -8.82 Mn
Jul 31, 2024 -34.98 Mn
Apr 30, 2024 -32.22 Mn
Jan 31, 2024 -19.76 Mn
Oct 31, 2023 -30.42 Mn
Jul 31, 2023 -23.77 Mn
Apr 30, 2023 -35.86 Mn
Jan 31, 2023 -22.46 Mn
Oct 31, 2022 -42.62 Mn
Jul 31, 2022 -29.06 Mn
Apr 30, 2022 -30.28 Mn
Jan 31, 2022 -44.84 Mn
Oct 31, 2021 -22.55 Mn
Jul 31, 2021 -12.00 Mn