Fuelcell Energy (FCEL) Net Margin (2010 - 2026)
Fuelcell Energy's (FCEL) quarterly Net Margin came in at 221.16% in Q2 2026, down 11730.0% YoY from N/an in Q2 2025, and down 185.38% on a QoQ basis from 77.5% in Q1 2026.
Fuelcell Energy (FCEL) Net Margin (2010 - 2026) Analysis & Trends
Fuelcell Energy's Net Margin history runs 17 years deep, the most recent figure standing at 221.16% for Q2 2026.
- On a quarterly basis, Net Margin fell 11730.0% year-over-year to 221.16% in Q2 2026; TTM through Apr 2026 was 134.32%, a 2333.0% decrease from a year earlier, with the FY2025 full-year figure at 120.82%, down 560.0% from the prior year.
- Net Margin was 221.16% for Q2 2026 at Fuelcell Energy, down from 77.5% in the prior quarter.
- Over the last five years, Net Margin for FCEL reached as high as 52.39% in Q1 2023 and fell as low as 221.16% in Q2 2026.
- A 5-year average of 121.53% and a median of 116.88% in 2024 frame the typical range for Net Margin.
- The widest annual swing landed in 2022, when Net Margin jumped 18403 bps; it then tumbled 11730 bps in 2026.
- Tracing FCEL's Net Margin over 5 years: stood at 110.37% in 2022, then slipped by 26 bps to 138.74% in 2023, then soared by 38 bps to 85.59% in 2024, then soared by 35 bps to 55.74% in 2025, then sank by 297 bps to 221.16% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 221.16%, 77.5%, and 55.74% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 14.72% |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 9.41% |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 0.16% |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 12.07% |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | -0.10% |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 15.47% |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | -52.10% |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 9.17% |
| 10 | Fuelcell Energy | 1.02 Bn | 1.02 Bn | -12.93 Mn | -221.16% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | -221.16% |
| Jan 31, 2026 | -77.50% |
| Oct 31, 2025 | -55.74% |
| Jul 31, 2025 | -197.80% |
| Apr 30, 2025 | -103.86% |
| Jan 31, 2025 | -153.32% |
| Oct 31, 2024 | -85.59% |
| Jul 31, 2024 | -141.21% |
| Apr 30, 2024 | -146.92% |
| Jan 31, 2024 | -123.38% |
| Oct 31, 2023 | -138.74% |
| Jul 31, 2023 | -98.31% |
| Apr 30, 2023 | -91.54% |
| Jan 31, 2023 | -52.39% |
| Oct 31, 2022 | -110.37% |
| Jul 31, 2022 | -70.10% |
| Apr 30, 2022 | -189.31% |
| Jan 31, 2022 | -130.28% |
| Oct 31, 2021 | -179.27% |
| Jul 31, 2021 | -47.71% |