Fuelcell Energy (FCEL) Equity Ratio (2010 - 2026)
Fuelcell Energy's (FCEL) quarterly Equity Ratio came in at 0.73 in Q2 2026, up 3.68% YoY from 0.7 in Q2 2025, and up 0.89% on a QoQ basis from 0.72 in Q1 2026.
Fuelcell Energy (FCEL) Equity Ratio (2010 - 2026) Analysis & Trends
Fuelcell Energy's Equity Ratio history runs 17 years deep, the most recent figure standing at 0.73 for Q2 2026.
- On a quarterly basis, Equity Ratio rose 3.68% year-over-year to 0.73 in Q2 2026; TTM through Apr 2026 was 0.73, a 3.68% increase from a year earlier, with the FY2025 full-year figure at 0.72, up 1.84% from the prior year.
- Equity Ratio was 0.73 for Q2 2026 at Fuelcell Energy, up from 0.72 in the prior quarter.
- Over the last five years, Equity Ratio for FCEL reached as high as 0.76 in Q1 2023 and fell as low as 0.68 in Q3 2025.
- A 5-year average of 0.72 and a median of 0.72 in 2026 frame the typical range for Equity Ratio.
- The widest annual swing landed in 2022, when Equity Ratio climbed 27.75%; it then retreated 5.74% in 2025.
- Tracing FCEL's Equity Ratio over 5 years: stood at 0.74 in 2022, then dropped by 0.38% to 0.73 in 2023, then retreated by 3.54% to 0.71 in 2024, then climbed by 1.84% to 0.72 in 2025, then climbed by 0.82% to 0.73 in 2026.
- According to Business Quant data, Equity Ratio over the past three periods registered 0.73, 0.72, and 0.72 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | 0.57 |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 0.32 |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 0.20 |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 0.55 |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 0.45 |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 0.53 |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 0.60 |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | - |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 0.62 |
| 10 | Fuelcell Energy | 1.02 Bn | 1.02 Bn | -12.93 Mn | 0.73 |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 0.73 |
| Jan 31, 2026 | 0.72 |
| Oct 31, 2025 | 0.72 |
| Jul 31, 2025 | 0.68 |
| Apr 30, 2025 | 0.70 |
| Jan 31, 2025 | 0.71 |
| Oct 31, 2024 | 0.71 |
| Jul 31, 2024 | 0.72 |
| Apr 30, 2024 | 0.71 |
| Jan 31, 2024 | 0.74 |
| Oct 31, 2023 | 0.73 |
| Jul 31, 2023 | 0.75 |
| Apr 30, 2023 | 0.75 |
| Jan 31, 2023 | 0.76 |
| Oct 31, 2022 | 0.74 |
| Jul 31, 2022 | 0.74 |
| Apr 30, 2022 | 0.74 |
| Jan 31, 2022 | 0.70 |
| Oct 31, 2021 | 0.73 |
| Jul 31, 2021 | 0.76 |