Fuelcell Energy (FCEL) FCF Margin (2010 - 2026)
Fuelcell Energy (FCEL) reported FCF Margin of 81.49% for Q2 2026, up 1253.0% on a YoY basis from 6.02% in Q2 2025, and up 28.32% sequentially from 113.69% in Q1 2026.
Fuelcell Energy (FCEL) FCF Margin (2010 - 2026) Analysis & Trends
Fuelcell Energy (FCEL) has 17 years of FCF Margin data on file, last reported at 81.49% in Q2 2026.
- For the quarter ending Q2 2026, FCF Margin rose 1253.0% year-over-year to 81.49%; the trailing twelve-month figure through Apr 2026 stood at 71.28% (up 5961.0% YoY), and the FY2025 full-year result was 90.98%, up 8794.0% from the prior year.
- FCF Margin rose to 81.49% in Q2 2026, from 113.69% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 9.53% in Q4 2024 to a low of 412.39% in Q1 2024.
- A 5-year average of 148.77% and a median of 118.21% in 2023 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin tumbled 24747 bps in 2024 and jumped 25534 bps in 2025, its largest moves.
- Tracing FCEL's FCF Margin over 5 years: stood at 74.91% in 2022, then tumbled by 61 bps to 120.56% in 2023, then jumped by 92 bps to 9.53% in 2024, then tumbled by 356 bps to 43.4% in 2025, then plunged by 88 bps to 81.49% in 2026.
- Business Quant data shows FCEL's FCF Margin at 81.49% in Q2 2026, 113.69% in Q1 2026, and 43.4% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 406.91 Bn | 406.88 Bn | 6.04 Mn | -41.78% |
| 2 | Vertiv Holdings | 106.92 Bn | 104.42 Bn | 999.70 Mn | 24.69% |
| 3 | Bloom Energy | 51.54 Bn | 49.04 Bn | 225.54 Mn | 6.34% |
| 4 | Hubbell | 25.76 Bn | 25.25 Bn | 505.30 Mn | 3.03% |
| 5 | nVent Electric | 23.48 Bn | 23.29 Bn | 445.60 Mn | 4.33% |
| 6 | Advanced Energy Industries | 10.92 Bn | 10.23 Bn | 200.90 Mn | -8.26% |
| 7 | Acuity Inc. (De) | 10.08 Bn | 9.67 Bn | 606.40 Mn | 22.84% |
| 8 | Powell Industries | 8.00 Bn | 7.45 Bn | 87.94 Mn | 16.63% |
| 9 | EnerSys | 6.97 Bn | 6.53 Bn | 290.87 Mn | 13.28% |
| 10 | Fuelcell Energy | 1.13 Bn | 761.72 Mn | -12.93 Mn | -81.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | -81.49% |
| Jan 31, 2026 | -113.69% |
| Oct 31, 2025 | -43.40% |
| Jul 31, 2025 | -68.62% |
| Apr 30, 2025 | -94.01% |
| Jan 31, 2025 | -277.78% |
| Oct 31, 2024 | -9.53% |
| Jul 31, 2024 | -323.97% |
| Apr 30, 2024 | -224.49% |
| Jan 31, 2024 | -412.39% |
| Oct 31, 2023 | -120.56% |
| Jul 31, 2023 | -184.05% |
| Apr 30, 2023 | -115.86% |
| Jan 31, 2023 | -164.92% |
| Oct 31, 2022 | -74.91% |
| Jul 31, 2022 | -66.76% |
| Apr 30, 2022 | -134.38% |
| Jan 31, 2022 | -166.96% |
| Oct 31, 2021 | -95.44% |
| Jul 31, 2021 | -79.68% |