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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Fuelcell Energy (FCEL) Gross Margin (2016 - 2026)

Fuelcell Energy's Gross Margin history spans 17 years, with the latest figure at 19.18% for Q1 2026.

  • For Q1 2026, Gross Margin rose 821.0% year-over-year to 19.18%; the TTM value through Jan 2026 reached 15.95%, up 974.0%, while the annual FY2025 figure was 16.7%, 1534.0% up from the prior year.
  • Gross Margin for Q1 2026 was 19.18% at Fuelcell Energy, down from 12.05% in the prior quarter.
  • Across five years, Gross Margin topped out at 14.13% in Q1 2023 and bottomed at 70.25% in Q1 2024.
  • The 5-year median for Gross Margin is 22.13% (2024), against an average of 22.8%.
  • The largest annual shift saw Gross Margin tumbled -8437bps in 2024 before it skyrocketed 4285bps in 2025.
  • A 5-year view of Gross Margin shows it stood at 38.75% in 2022, then soared by 83bps to 6.52% in 2023, then plummeted by -240bps to 22.13% in 2024, then skyrocketed by 46bps to 12.05% in 2025, then tumbled by -59bps to 19.18% in 2026.
  • Per Business Quant, the three most recent readings for FCEL's Gross Margin are 19.18% (Q1 2026), 12.05% (Q4 2025), and 10.98% (Q3 2025).