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
DateValue
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