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
DateValue
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%