Fuelcell Energy (FCEL) Net Margin (2010 - 2026)
Fuelcell Energy (FCEL) posted Net Margin of 221.16% for Q2 2026, down 185.38% sequentially from 77.5% in Q1 2026, and down 11730.0% YoY from N/an in Q2 2025.
Fuelcell Energy (FCEL) Net Margin (2010 - 2026) Analysis & Trends
Fuelcell Energy has reported Net Margin for 17 years, with the latest figure at 221.16% in Q2 2026.
- Quarterly Net Margin fell 11730.0% year-over-year to 221.16% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 134.32% (down 2333.0% YoY) and the FY2025 annual result came in at 120.82%, down 560.0% from the prior year.
- Net Margin slipped to 221.16% in Q2 2026 per FCEL's latest filing, from 77.5% in the prior quarter.
- Over five years, Net Margin peaked at 52.39% in Q1 2023 and troughed at 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 sharpest annual moves came in 2022 and 2026: Net Margin jumped 18403 bps in 2022, then plunged 11730 bps in 2026.
- Over 5 years, Net Margin stood at 110.37% in 2022, then dropped by 26 bps to 138.74% in 2023, then jumped by 38 bps to 85.59% in 2024, then jumped by 35 bps to 55.74% in 2025, then plunged 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.02 Bn | 96.91 Bn | 1.23 Bn | 15.20% |
| 2 | Bloom Energy | 56.49 Bn | 53.82 Bn | 355.57 Mn | 18.42% |
| 3 | Hubbell | 24.96 Bn | 24.56 Bn | 613.00 Mn | 14.15% |
| 4 | nVent Electric | 24.79 Bn | 24.53 Bn | 558.00 Mn | 14.67% |
| 5 | Advanced Energy Industries | 11.15 Bn | 9.73 Bn | 236.10 Mn | 9.42% |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 11.77% |
| 7 | Powell Industries | 7.24 Bn | 6.61 Bn | 95.30 Mn | 16.73% |
| 8 | EnerSys | 6.91 Bn | 6.38 Bn | 313.36 Mn | 12.45% |
| 9 | Plug Power | 3.22 Bn | 2.91 Bn | -1.68 Mn | -106.62% |
| 10 | Fuelcell Energy | 1.04 Bn | 667.37 Mn | -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% |