Fuelcell Energy (FCEL) FCF Margin (2010 - 2026)
Fuelcell Energy's (FCEL) quarterly FCF Margin came in at 81.49% in Q2 2026, up 1253.0% YoY from 6.02% in Q2 2025, and up 28.32% on a QoQ basis from 113.69% in Q1 2026.
Fuelcell Energy (FCEL) FCF Margin (2010 - 2026) Analysis & Trends
Fuelcell Energy's FCF Margin history runs 17 years deep, the most recent figure standing at 81.49% for Q2 2026.
- On a quarterly basis, FCF Margin rose 1253.0% year-over-year to 81.49% in Q2 2026; TTM through Apr 2026 was 71.28%, a 5961.0% increase from a year earlier, with the FY2025 full-year figure at 90.98%, up 8794.0% from the prior year.
- FCF Margin was 81.49% for Q2 2026 at Fuelcell Energy, up from 113.69% in the prior quarter.
- Over the last five years, FCF Margin for FCEL reached as high as 9.53% in Q4 2024 and fell as low as 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.
- The widest annual swing landed in 2024, when FCF Margin plunged 24747 bps; it then soared 25534 bps in 2025.
- 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 soared 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.
- According to Business Quant data, FCF Margin over the past three periods registered 81.49%, 113.69%, and 43.4% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 28.89% |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 6.31% |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 3.95% |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 3.03% |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | -8.26% |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 16.63% |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | -13.40% |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 6.94% |
| 10 | Fuelcell Energy | 1.02 Bn | 1.02 Bn | -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% |