Fuelcell Energy (FCEL) Invested Capital (2010 - 2026)

Fuelcell Energy's (FCEL) quarterly Invested Capital came in at $745.9 million in Q2 2026, up 17.26% YoY from $636.1 million in Q2 2025, and up 3.31% on a QoQ basis from $721.9 million in Q1 2026.

Fuelcell Energy (FCEL) Invested Capital (2010 - 2026) Analysis & Trends

Fuelcell Energy's Invested Capital history runs 17 years deep, the most recent figure standing at $745.9 million for Q2 2026.

  • On a quarterly basis, Invested Capital rose 17.26% year-over-year to $745.9 million in Q2 2026; TTM through Apr 2026 was $745.9 million, a 17.26% increase from a year earlier, with the FY2025 full-year figure at $687.1 million, up 0.53% from the prior year.
  • Invested Capital was $745.9 million for Q2 2026 at Fuelcell Energy, up from $721.9 million in the prior quarter.
  • Over the last five years, Invested Capital for FCEL reached as high as $745.9 million in Q2 2026 and fell as low as $581.9 million in Q3 2025.
  • A 5-year average of $681.9 million and a median of $690.5 million in 2023 frame the typical range for Invested Capital.
  • The widest annual swing landed in 2022, when Invested Capital soared 122.73%; it then dropped 16.55% in 2025.
  • Tracing FCEL's Invested Capital over 5 years: stood at $704.7 million in 2022, then grew by 0.83% to $710.5 million in 2023, then retreated by 3.8% to $683.5 million in 2024, then advanced by 0.53% to $687.1 million in 2025, then rose by 8.55% to $745.9 million in 2026.
  • According to Business Quant data, Invested Capital over the past three periods registered $745.9 million, $721.9 million, and $687.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - 141.20 Mn
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 7.17 Bn
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn 921.47 Mn
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 5.35 Bn
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 4.32 Bn
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 1.95 Bn
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn 709.07 Mn
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn -
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 3.04 Bn
10 Fuelcell Energy 1.02 Bn 1.02 Bn -12.93 Mn 745.86 Mn

Historic Data

Download Data
DateValue
Apr 30, 2026 745.86 Mn
Jan 31, 2026 721.94 Mn
Oct 31, 2025 687.13 Mn
Jul 31, 2025 581.93 Mn
Apr 30, 2025 636.08 Mn
Jan 31, 2025 662.13 Mn
Oct 31, 2024 683.53 Mn
Jul 31, 2024 697.34 Mn
Apr 30, 2024 663.83 Mn
Jan 31, 2024 692.37 Mn
Oct 31, 2023 710.52 Mn
Jul 31, 2023 717.76 Mn
Apr 30, 2023 659.51 Mn
Jan 31, 2023 688.62 Mn
Oct 31, 2022 704.70 Mn
Jul 31, 2022 706.59 Mn
Apr 30, 2022 707.44 Mn
Jan 31, 2022 606.46 Mn
Oct 31, 2021 652.52 Mn
Jul 31, 2021 675.39 Mn