Fuelcell Energy (FCEL) Operating Leases (2020 - 2026)

Fuelcell Energy's (FCEL) quarterly Operating Leases came in at $11.8 million in Q2 2026, up 41.27% YoY from $8.4 million in Q2 2025, and little changed on a QoQ basis from $11.9 million in Q1 2026.

Fuelcell Energy (FCEL) Operating Leases (2020 - 2026) Analysis & Trends

Fuelcell Energy's Operating Leases history runs 7 years deep, the most recent figure standing at $11.8 million for Q2 2026.

  • On a quarterly basis, Operating Leases rose 41.27% year-over-year to $11.8 million in Q2 2026; TTM through Apr 2026 was $11.8 million, a 41.27% increase from a year earlier, with the FY2025 full-year figure at $12.0 million, up 34.41% from the prior year.
  • Operating Leases was $11.8 million for Q2 2026 at Fuelcell Energy, roughly flat from $11.9 million in the prior quarter.
  • Over the last five years, Operating Leases for FCEL reached as high as $12.0 million in Q4 2025 and fell as low as $7.6 million in Q4 2022.
  • A 5-year average of $9.3 million and a median of $8.9 million in 2024 frame the typical range for Operating Leases.
  • The widest annual swing landed in 2022, when Operating Leases slipped 6.4%; it then surged 41.27% in 2026.
  • Tracing FCEL's Operating Leases over 5 years: stood at $7.6 million in 2022, then climbed by 18.71% to $9.0 million in 2023, then retreated by 1.09% to $8.9 million in 2024, then surged by 34.41% to $12.0 million in 2025, then dropped by 1.3% to $11.8 million in 2026.
  • According to Business Quant data, Operating Leases over the past three periods registered $11.8 million, $11.9 million, and $12.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Novonix 479.97 Bn 479.92 Bn -
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn
10 Fuelcell Energy 1.02 Bn 1.02 Bn -12.93 Mn

Historic Data

Download Data
DateValue
Apr 30, 2026 11.80 Mn
Jan 31, 2026 11.86 Mn
Oct 31, 2025 11.95 Mn
Jul 31, 2025 11.71 Mn
Apr 30, 2025 8.35 Mn
Jan 31, 2025 8.69 Mn
Oct 31, 2024 8.89 Mn
Jul 31, 2024 8.71 Mn
Apr 30, 2024 8.86 Mn
Jan 31, 2024 8.91 Mn
Oct 31, 2023 8.99 Mn
Jul 31, 2023 9.28 Mn
Apr 30, 2023 9.39 Mn
Jan 31, 2023 9.50 Mn
Oct 31, 2022 7.58 Mn
Jul 31, 2022 7.62 Mn
Apr 30, 2022 7.71 Mn
Jan 31, 2022 7.82 Mn
Oct 31, 2021 8.09 Mn
Jul 31, 2021 8.01 Mn