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
DateValue
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%