Fuelcell Energy (FCEL) EBT (2010 - 2026)

Fuelcell Energy's (FCEL) quarterly EBT came in at -$77.7 million in Q2 2026, down 106.24% YoY from $1.2 billion in Q2 2025, and down 198.18% on a QoQ basis from -$26.1 million in Q1 2026.

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

Fuelcell Energy's EBT history runs 17 years deep, the most recent figure standing at -$77.7 million for Q2 2026.

  • On a quarterly basis, EBT fell 106.24% year-over-year to -$77.7 million in Q2 2026; TTM through Apr 2026 was -$224.9 million, a 5472.7% decrease from a year earlier, with the FY2025 full-year figure at -$191.2 million, down 1092.24% from the prior year.
  • EBT was -$77.7 million for Q2 2026 at Fuelcell Energy, down from -$26.1 million in the prior quarter.
  • Over the last five years, EBT for FCEL reached as high as $103.8 million in Q4 2022 and fell as low as -$91.9 million in Q3 2025.
  • A 5-year average of -$22.7 million and a median of -$31.3 million in 2022 frame the typical range for EBT.
  • The widest annual swing landed in 2024, when EBT surged 665.23%; it then slumped 161.54% in 2025.
  • Tracing FCEL's EBT over 5 years: stood at $103.8 million in 2022, then plunged by 117.25% to -$17.9 million in 2023, then surged by 665.23% to $101.1 million in 2024, then tumbled by 129.0% to -$29.3 million in 2025, then sank by 164.86% to -$77.7 million in 2026.
  • According to Business Quant data, EBT over the past three periods registered -$77.7 million, -$26.1 million, and -$29.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - -
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 438.30 Mn
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn 74.10 Mn
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 176.90 Mn
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 236.40 Mn
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 70.00 Mn
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn 61.78 Mn
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn -17.50 Mn
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 122.90 Mn
10 Fuelcell Energy 1.02 Bn 1.02 Bn -12.93 Mn -77.68 Mn

Historic Data

Download Data
DateValue
Apr 30, 2026 -77.68 Mn
Jan 31, 2026 -26.05 Mn
Oct 31, 2025 -29.33 Mn
Jul 31, 2025 -91.86 Mn
Apr 30, 2025 -37.67 Mn
Jan 31, 2025 -32.39 Mn
Oct 31, 2024 101.14 Mn
Jul 31, 2024 -35.12 Mn
Apr 30, 2024 -37.66 Mn
Jan 31, 2024 -44.40 Mn
Oct 31, 2023 -17.89 Mn
Jul 31, 2023 -23.60 Mn
Apr 30, 2023 -33.91 Mn
Jan 31, 2023 -20.51 Mn
Oct 31, 2022 103.76 Mn
Jul 31, 2022 -28.48 Mn
Apr 30, 2022 -30.13 Mn
Jan 31, 2022 -46.12 Mn
Oct 31, 2021 72.81 Mn
Jul 31, 2021 -11.99 Mn