Fuelcell Energy (FCEL) Gross Margin (2010 - 2026)
Fuelcell Energy recorded quarterly Gross Margin of 19.18% in Q1 2026, down 59.14% quarter-over-quarter from 12.05% in Q4 2025, and up 821.0% year-over-year from 2.08% in Q1 2025.
Fuelcell Energy's Gross Margin history runs 17 years deep, the most recent figure standing at 19.18% for Q1 2026.
- In Q1 2026, Gross Margin rose 821.0% year-over-year to 19.18%; the TTM figure through Jan 2026 stood at 15.95% (up 974.0% YoY), while the FY2025 annual figure was 16.7%, up 1534.0% from the prior year.
- Gross Margin came in at 19.18% for Q1 2026 at Fuelcell Energy, down from 12.05% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 14.13% in Q1 2023 to a low of 70.25% in Q1 2024.
- A 5-year average of 22.8% and a median of 22.13% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin tumbled 8437 bps in 2024 and jumped 4285 bps in 2025, its largest moves.
- Fuelcell Energy's Gross Margin stood at 38.75% in 2022, then soared by 83 bps to 6.52% in 2023, then sank by 240 bps to 22.13% in 2024, then jumped by 46 bps to 12.05% in 2025, then plunged by 59 bps to 19.18% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 19.18%, 12.05%, and 10.98% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 37.73% |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 30.03% |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 35.88% |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 33.32% |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 39.32% |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 29.65% |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | 49.29% |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 29.44% |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | -13.21% |
| 10 | Fuelcell Energy | 1.21 Bn | 903.11 Mn | -5.86 Mn | -19.18% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | -19.18% |
| Oct 31, 2025 | -12.05% |
| Jul 31, 2025 | -10.98% |
| Apr 30, 2025 | -25.23% |
| Jan 31, 2025 | -27.39% |
| Oct 31, 2024 | -22.13% |
| Jul 31, 2024 | -26.17% |
| Apr 30, 2024 | -31.55% |
| Jan 31, 2024 | -70.25% |
| Oct 31, 2023 | -6.52% |
| Jul 31, 2023 | -32.20% |
| Apr 30, 2023 | -15.89% |
| Jan 31, 2023 | 14.13% |
| Oct 31, 2022 | -38.75% |
| Jul 31, 2022 | -9.70% |
| Apr 30, 2022 | -44.62% |
| Jan 31, 2022 | -9.11% |
| Oct 31, 2021 | -60.03% |
| Jul 31, 2021 | 4.10% |
| Apr 30, 2021 | -34.09% |
| Jan 31, 2021 | -24.32% |
| Oct 31, 2020 | -47.33% |
| Jul 31, 2020 | -16.70% |
| Apr 30, 2020 | 0.88% |
| Jan 31, 2020 | 20.17% |
| Oct 31, 2019 | -211.84% |
| Jul 31, 2019 | 35.07% |
| Apr 30, 2019 | -39.50% |
| Jan 31, 2019 | -12.40% |
| Oct 31, 2018 | 6.39% |
| Jul 31, 2018 | -16.98% |
| Apr 30, 2018 | -3.02% |
| Jan 31, 2018 | 12.00% |
| Oct 31, 2017 | 8.11% |
| Jul 31, 2017 | -25.35% |
| Apr 30, 2017 | 1.88% |
| Jan 31, 2017 | 10.66% |
| Oct 31, 2016 | -1.91% |
| Jul 31, 2016 | 2.00% |
| Apr 30, 2016 | -0.55% |
| Jan 31, 2016 | -0.50% |
| Oct 31, 2015 | 6.11% |
| Jul 31, 2015 | 8.69% |
| Apr 30, 2015 | 7.07% |
| Jan 31, 2015 | 9.63% |
| Oct 31, 2014 | 10.94% |
| Jul 31, 2014 | 9.17% |
| Apr 30, 2014 | 4.21% |
| Jan 31, 2014 | 4.95% |
| Oct 31, 2013 | 4.71% |
| Jul 31, 2013 | 8.42% |
| Apr 30, 2013 | 5.45% |
| Jan 31, 2013 | -6.36% |
| Oct 31, 2012 | 2.48% |
| Jul 31, 2012 | -9.22% |
| Apr 30, 2012 | 0.83% |
| Jan 31, 2012 | 6.71% |
| Oct 31, 2011 | 1.26% |
| Jul 31, 2011 | 0.47% |
| Apr 30, 2011 | -38.00% |
| Jan 31, 2011 | -8.25% |
| Oct 31, 2010 | 24.75% |
| Jul 31, 2010 | -23.63% |