Fuelcell Energy (FCEL) Operating Income (2010 - 2026)
Fuelcell Energy recorded quarterly Operating Income of -$26.3 million in Q1 2026, up 7.18% quarter-over-quarter from -$28.3 million in Q4 2025, and up 19.97% year-over-year from -$21.9 million in Q1 2025.
Fuelcell Energy's Operating Income history runs 17 years deep, the most recent figure standing at -$26.3 million for Q1 2026.
- In Q1 2026, Operating Income rose 19.97% year-over-year to -$26.3 million; the TTM figure through Jan 2026 stood at -$185.8 million (down 24.81% YoY), while the FY2025 annual figure was -$192.3 million, down 21.36% from the prior year.
- Operating Income came in at -$26.3 million for Q1 2026 at Fuelcell Energy, up from -$28.3 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of -$22.5 million in Q1 2023 to a low of -$95.4 million in Q3 2025.
- A 5-year average of -$38.6 million and a median of -$35.9 million in 2023 frame the typical range for Operating Income.
- Across the five-year window, Operating Income sank 212.0% in 2022 and surged 49.93% in 2023, its largest moves.
- Fuelcell Energy's Operating Income stood at -$42.7 million in 2022, then increased by 14.74% to -$36.4 million in 2023, then declined by 12.8% to -$41.0 million in 2024, then soared by 30.97% to -$28.3 million in 2025, then rose by 7.18% to -$26.3 million in 2026.
- According to Business Quant data, Operating Income over the past three periods registered -$26.3 million, -$28.3 million, and -$95.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 440.10 Mn |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 72.20 Mn |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 195.70 Mn |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 263.80 Mn |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 68.30 Mn |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 57.58 Mn |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | 133.00 Mn |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 123.70 Mn |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | -109.49 Mn |
| 10 | Fuelcell Energy | 1.21 Bn | 903.11 Mn | -5.86 Mn | -26.29 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jul 31, 2021 | -10.59 Mn |
| Apr 30, 2021 | -17.39 Mn |
| Jan 31, 2021 | -14.37 Mn |
| Oct 31, 2020 | -17.12 Mn |
| Jul 31, 2020 | -10.76 Mn |
| Apr 30, 2020 | -8.14 Mn |
| Jan 31, 2020 | -3.14 Mn |
| Oct 31, 2019 | -32.99 Mn |
| Jul 31, 2019 | -1.07 Mn |
| Apr 30, 2019 | -17.62 Mn |
| Jan 31, 2019 | -15.24 Mn |
| Oct 31, 2018 | -11.87 Mn |
| Jul 31, 2018 | -14.47 Mn |
| Apr 30, 2018 | -12.74 Mn |
| Jan 31, 2018 | -5.55 Mn |
| Oct 31, 2017 | -8.18 Mn |
| Jul 31, 2017 | -14.33 Mn |
| Apr 30, 2017 | -11.50 Mn |
| Jan 31, 2017 | -10.93 Mn |
| Oct 31, 2016 | -11.81 Mn |
| Jul 31, 2016 | -10.32 Mn |
| Apr 30, 2016 | -12.71 Mn |
| Jan 31, 2016 | -11.52 Mn |
| Oct 31, 2015 | -7.87 Mn |
| Jul 31, 2015 | -7.10 Mn |
| Apr 30, 2015 | -8.79 Mn |
| Jan 31, 2015 | -5.13 Mn |
| Oct 31, 2014 | -4.97 Mn |
| Jul 31, 2014 | -6.00 Mn |
| Apr 30, 2014 | -8.77 Mn |
| Jan 31, 2014 | -7.57 Mn |
| Oct 31, 2013 | -6.95 Mn |
| Jul 31, 2013 | -4.59 Mn |
| Apr 30, 2013 | -7.20 Mn |
| Jan 31, 2013 | -11.07 Mn |
| Oct 31, 2012 | -8.42 Mn |
| Jul 31, 2012 | -10.51 Mn |
| Apr 30, 2012 | -7.76 Mn |
| Jan 31, 2012 | -5.44 Mn |
| Oct 31, 2011 | -7.88 Mn |
| Jul 31, 2011 | -7.36 Mn |
| Apr 30, 2011 | -19.82 Mn |
| Jan 31, 2011 | -10.61 Mn |
| Oct 31, 2010 | -12.10 Mn |
| Jul 31, 2010 | -12.56 Mn |