Fuelcell Energy (FCEL) Operating Income (2010 - 2026)
Fuelcell Energy's Operating Income came in at -$46.66 million for fiscal Q3 2026 (quarter ended Jul 31, 2026), compared with -$95.36 million a year earlier.
Powered by 
Analysis
Fuelcell Energy (FCEL) Operating Income (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, Fuelcell Energy reported Operating Income of -$179.19 million; for FY2025 (ended Oct 31, 2025), it came in at -$192.35 million.
- Going back by fiscal year, Operating Income was -$158.49 million in FY2024, -$136.08 million in FY2023, -$143.72 million in FY2022 and -$64.9 million in FY2021.
- The five-year range for quarterly Operating Income is -$95.36 million (fiscal Q3 2025) to -$22.46 million (fiscal Q1 2023).
- Business Quant data shows FCEL's Operating Income at -$77.91 million (Q2 2026), -$26.29 million (Q1 2026) and -$28.32 million (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 268.56 Bn | 228.47 Bn | 2.36 Bn | 653.00 Mn |
| 2 | Bloom Energy | 80.34 Bn | 72.14 Bn | 355.57 Mn | 182.24 Mn |
| 3 | First Solar | 19.10 Bn | 10.05 Bn | 605.00 Mn | 450.39 Mn |
| 4 | Generac Holdings | 13.23 Bn | 12.06 Bn | 521.81 Mn | 210.43 Mn |
| 5 | BWX Technologies | 13.20 Bn | 11.50 Bn | 202.31 Mn | 114.14 Mn |
| 6 | Nextpower | 13.02 Bn | 8.91 Bn | 335.85 Mn | 190.91 Mn |
| 7 | EnerSys | 6.55 Bn | 4.74 Bn | 313.36 Mn | 151.41 Mn |
| 8 | Enphase Energy | 4.32 Bn | -539.32 Mn | 175.01 Mn | 51.52 Mn |
| 9 | Mirion Technologies | 4.08 Bn | 1.92 Bn | 133.10 Mn | 17.90 Mn |
| 10 | Fuelcell Energy | 1.27 Bn | -350.38 Mn | -24.50 Mn | -46.66 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -46.66 Mn |
| Apr 30, 2026 | -77.91 Mn |
| Jan 31, 2026 | -26.29 Mn |
| Oct 31, 2025 | -28.32 Mn |
| Jul 31, 2025 | -95.36 Mn |
| Apr 30, 2025 | -35.81 Mn |
| Jan 31, 2025 | -32.85 Mn |
| Oct 31, 2024 | -41.03 Mn |
| Jul 31, 2024 | -33.62 Mn |
| Apr 30, 2024 | -41.36 Mn |
| Jan 31, 2024 | -42.48 Mn |
| Oct 31, 2023 | -36.38 Mn |
| Jul 31, 2023 | -41.40 Mn |
| Apr 30, 2023 | -35.86 Mn |
| Jan 31, 2023 | -22.46 Mn |
| Oct 31, 2022 | -42.67 Mn |
| Jul 31, 2022 | -28.00 Mn |
| Apr 30, 2022 | -28.22 Mn |
| Jan 31, 2022 | -44.84 Mn |
| Oct 31, 2021 | -22.55 Mn |
API Access
Fuelcell Energy Operating Income 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=operating-income&ticker=FCEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=FCEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();