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| Date | Value |
|---|---|
| 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 |