Growth Metrics

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

Fuelcell Energy's Net Margin history spans 17 years, with the latest figure at 77.5% for Q1 2026.

  • For Q1 2026, Net Margin rose 7582.0% year-over-year to 77.5%; the TTM value through Jan 2026 reached 109.39%, up 1097.0%, while the annual FY2025 figure was 120.82%, 560.0% down from the prior year.
  • Net Margin for Q1 2026 was 77.5% at Fuelcell Energy, down from 55.74% in the prior quarter.
  • Across five years, Net Margin topped out at 52.39% in Q1 2023 and bottomed at 197.8% in Q3 2025.
  • The 5-year median for Net Margin is 110.37% (2022), against an average of 115.67%.
  • The largest annual shift saw Net Margin soared 18403bps in 2022 before it plummeted -7099bps in 2024.
  • A 5-year view of Net Margin shows it stood at 110.37% in 2022, then fell by -26bps to 138.74% in 2023, then soared by 38bps to 85.59% in 2024, then soared by 35bps to 55.74% in 2025, then tumbled by -39bps to 77.5% in 2026.
  • Per Business Quant, the three most recent readings for FCEL's Net Margin are 77.5% (Q1 2026), 55.74% (Q4 2025), and 197.8% (Q3 2025).