Fuelcell Energy (FCEL) Liabilities and Shareholders Equity (2010 - 2026)
Fuelcell Energy's Liabilities and Shareholders Equity came in at $1.31 billion for fiscal Q3 2026 (quarter ended Jul 31, 2026), up 57.9% from $830.54 million a year earlier and up 30.7% from the prior quarter.
Powered by 
Analysis
Fuelcell Energy (FCEL) Liabilities and Shareholders Equity (2010 - 2026) Analysis & Trends
At the end of FY2025 (ended Oct 31, 2025), Fuelcell Energy's Liabilities and Shareholders Equity was $932.15 million, down 1.3% from FY2024.
- Liabilities and Shareholders Equity carries a five-year compound annual growth rate of 12.2% (FY2020 to FY2025).
- Going back by fiscal year, Liabilities and Shareholders Equity was $944.12 million in FY2024 (-1.2%), $955.52 million in FY2023 (+1.7%), $939.72 million in FY2022 (+7.4%) and $875.25 million in FY2021 (+67.2%).
- The fiscal Q3 2026 figure represents the highest quarterly Liabilities and Shareholders Equity in data going back to fiscal Q4 2010.
- Year-over-year, Liabilities and Shareholders Equity has increased for three consecutive quarters, with growth averaging 7.4% over the last eight quarters.
- The fastest year-over-year change in Liabilities and Shareholders Equity over five years came in fiscal Q2 2022 (growth of 76.7%), and the weakest in fiscal Q3 2025 (a decline of 12.5%).
- Business Quant data shows FCEL's Liabilities and Shareholders Equity at $1 billion (Q2 2026), $978.48 million (Q1 2026) and $932.15 million (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Liabilities and Shareholders Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 242.79 Bn | 202.70 Bn | 2.36 Bn | 80.80 Bn |
| 2 | Bloom Energy | 64.49 Bn | 56.28 Bn | 355.57 Mn | 5.63 Bn |
| 3 | First Solar | 18.86 Bn | 9.81 Bn | 605.00 Mn | 13.39 Bn |
| 4 | BWX Technologies | 12.45 Bn | 10.75 Bn | 202.31 Mn | 4.42 Bn |
| 5 | Nextpower | 11.91 Bn | 7.81 Bn | 335.85 Mn | 4.26 Bn |
| 6 | Generac Holdings | 11.44 Bn | 10.27 Bn | 521.81 Mn | 5.77 Bn |
| 7 | EnerSys | 6.20 Bn | 4.39 Bn | 313.36 Mn | 3.96 Bn |
| 8 | Enphase Energy | 4.15 Bn | -710.87 Mn | 175.01 Mn | 2.92 Bn |
| 9 | Mirion Technologies | 3.70 Bn | 1.54 Bn | 133.10 Mn | 3.52 Bn |
| 10 | Fuelcell Energy | 882.89 Mn | -738.31 Mn | -24.50 Mn | 1.31 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 1.31 Bn |
| Apr 30, 2026 | 1.00 Bn |
| Jan 31, 2026 | 978.48 Mn |
| Oct 31, 2025 | 932.15 Mn |
| Jul 31, 2025 | 830.54 Mn |
| Apr 30, 2025 | 883.84 Mn |
| Jan 31, 2025 | 907.54 Mn |
| Oct 31, 2024 | 944.12 Mn |
| Jul 31, 2024 | 948.91 Mn |
| Apr 30, 2024 | 916.83 Mn |
| Jan 31, 2024 | 923.18 Mn |
| Oct 31, 2023 | 955.52 Mn |
| Jul 31, 2023 | 945.25 Mn |
| Apr 30, 2023 | 858.64 Mn |
| Jan 31, 2023 | 892.38 Mn |
| Oct 31, 2022 | 939.72 Mn |
| Jul 31, 2022 | 944.42 Mn |
| Apr 30, 2022 | 946.22 Mn |
| Jan 31, 2022 | 854.69 Mn |
| Oct 31, 2021 | 875.25 Mn |
API Access
Fuelcell Energy Liabilities and Shareholders Equity API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=liabilities-and-shareholders-equity&ticker=FCEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "liabilities-and-shareholders-equity", "ticker": "FCEL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=liabilities-and-shareholders-equity&ticker=FCEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();