Fuelcell Energy (FCEL) Free Cash Flow (2010 - 2026)

Fuelcell Energy's (FCEL) quarterly Free Cash Flow came in at -$29.0 million in Q2 2026, up 17.53% YoY from -$24.7 million in Q2 2025, and up 16.45% on a QoQ basis from -$34.7 million in Q1 2026.

Fuelcell Energy (FCEL) Free Cash Flow (2010 - 2026) Analysis & Trends

Fuelcell Energy's Free Cash Flow history runs 17 years deep, the most recent figure standing at -$29.0 million for Q2 2026.

  • On a quarterly basis, Free Cash Flow rose 17.53% year-over-year to -$29.0 million in Q2 2026; TTM through Apr 2026 was -$119.7 million, a 29.36% increase from a year earlier, with the FY2025 full-year figure at -$143.9 million, up 28.28% from the prior year.
  • Free Cash Flow was -$29.0 million for Q2 2026 at Fuelcell Energy, up from -$34.7 million in the prior quarter.
  • Over the last five years, Free Cash Flow for FCEL reached as high as -$4.7 million in Q4 2024 and fell as low as -$76.8 million in Q3 2024.
  • A 5-year average of -$40.1 million and a median of -$34.9 million in 2025 frame the typical range for Free Cash Flow.
  • The widest annual swing landed in 2024, when Free Cash Flow soared 82.64%; it then tumbled 408.06% in 2025.
  • Tracing FCEL's Free Cash Flow over 5 years: stood at -$29.4 million in 2022, then gained by 7.78% to -$27.1 million in 2023, then soared by 82.64% to -$4.7 million in 2024, then tumbled by 408.06% to -$23.9 million in 2025, then dropped by 21.45% to -$29.0 million in 2026.
  • According to Business Quant data, Free Cash Flow over the past three periods registered -$29.0 million, -$34.7 million, and -$23.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - -
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 765.40 Mn
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn 47.43 Mn
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 49.10 Mn
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 46.00 Mn
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn -42.20 Mn
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn 49.34 Mn
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn -4.51 Mn
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 73.30 Mn
10 Fuelcell Energy 1.02 Bn 1.02 Bn -12.93 Mn -29.00 Mn

Historic Data

Download Data
DateValue
Apr 30, 2026 -29.00 Mn
Apr 30, 2026 -29.00 Mn
Jan 31, 2026 -34.71 Mn
Jan 31, 2026 -34.71 Mn
Oct 31, 2025 -23.88 Mn
Oct 31, 2025 -23.88 Mn
Jul 31, 2025 -32.08 Mn
Jul 31, 2025 -32.08 Mn
Apr 30, 2025 -35.17 Mn
Apr 30, 2025 -35.17 Mn
Jan 31, 2025 -52.77 Mn
Jan 31, 2025 -52.77 Mn
Oct 31, 2024 -4.70 Mn
Oct 31, 2024 -4.70 Mn
Jul 31, 2024 -76.76 Mn
Jul 31, 2024 -76.76 Mn
Apr 30, 2024 -50.33 Mn
Apr 30, 2024 -50.33 Mn
Jan 31, 2024 -68.83 Mn
Jan 31, 2024 -68.83 Mn