Fuelcell Energy (FCEL) EBT Margin (2010 - 2026)
Fuelcell Energy (FCEL) recorded EBT Margin of -137.22% in fiscal Q3 2026 (quarter ended Jul 31, 2026), up 59.30 percentage points from -196.51% a year earlier and up 81.05 percentage points from the prior quarter.
Fuelcell Energy (FCEL) EBT Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Fuelcell Energy's EBT Margin came in at -115.70% as of Jul 31, 2026, up 16.44 percentage points year-over-year; for FY2025 (ended Oct 31, 2025), it was -120.91%, up 18.88 percentage points from FY2024.
- Annual EBT Margin has a five-year change of +4.76 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, EBT Margin came in at -139.79% in FY2024 (-52.69 pp), -87.10% in FY2023 (+25.11 pp), -112.21% in FY2022 (+32.97 pp) and -145.18% in FY2021 (-19.51 pp).
- Quarterly EBT Margin has ranged from -266.01% in fiscal Q1 2024 to -53.31% in fiscal Q4 2025 over the past five years.
- On a year-over-year basis, EBT Margin rose in six of the last eight quarters, with an average year-over-year change of +27.40 percentage points.
- Peak year-over-year performance for EBT Margin in the last five years was a gain of 163.88 percentage points in fiscal Q1 2022, against a drop of 210.69 percentage points in fiscal Q1 2024 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at -218.27% (Q2 2026), -85.33% (Q1 2026) and -53.31% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 241.15 Bn | 201.06 Bn | 2.36 Bn | 8.33% |
| 2 | Bloom Energy | 63.97 Bn | 55.76 Bn | 355.57 Mn | 18.80% |
| 3 | First Solar | 18.94 Bn | 9.89 Bn | 605.00 Mn | 43.49% |
| 4 | BWX Technologies | 12.36 Bn | 10.66 Bn | 202.31 Mn | 12.60% |
| 5 | Nextpower | 12.01 Bn | 7.90 Bn | 335.85 Mn | 21.27% |
| 6 | Generac Holdings | 11.45 Bn | 10.27 Bn | 521.81 Mn | 16.17% |
| 7 | EnerSys | 6.22 Bn | 4.41 Bn | 313.36 Mn | 14.43% |
| 8 | Enphase Energy | 4.23 Bn | -626.41 Mn | 175.01 Mn | 21.21% |
| 9 | Mirion Technologies | 3.73 Bn | 1.57 Bn | 133.10 Mn | 4.24% |
| 10 | Fuelcell Energy | 878.67 Mn | -742.53 Mn | -24.50 Mn | -137.22% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -137.22% |
| Apr 30, 2026 | -218.27% |
| Jan 31, 2026 | -85.33% |
| Oct 31, 2025 | -53.31% |
| Jul 31, 2025 | -196.51% |
| Apr 30, 2025 | -100.69% |
| Jan 31, 2025 | -170.48% |
| Oct 31, 2024 | -80.24% |
| Jul 31, 2024 | -148.22% |
| Apr 30, 2024 | -167.96% |
| Jan 31, 2024 | -266.01% |
| Oct 31, 2023 | -131.15% |
| Jul 31, 2023 | -92.52% |
| Apr 30, 2023 | -88.42% |
| Jan 31, 2023 | -55.32% |
| Oct 31, 2022 | -106.33% |
| Jul 31, 2022 | -66.08% |
| Apr 30, 2022 | -183.87% |
| Jan 31, 2022 | -145.05% |
| Oct 31, 2021 | -173.32% |
Fuelcell Energy EBT Margin 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=ebt-margin&ticker=FCEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "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=ebt-margin&ticker=FCEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();