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

Fuelcell Energy (FCEL) reported Operating Leases of $11.8 million for Q2 2026, up 41.27% on a YoY basis from $8.4 million in Q2 2025, and little changed sequentially from $11.9 million in Q1 2026.

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

Fuelcell Energy (FCEL) has 7 years of Operating Leases data on file, last reported at $11.8 million in Q2 2026.

  • For the quarter ending Q2 2026, Operating Leases rose 41.27% year-over-year to $11.8 million; the trailing twelve-month figure through Apr 2026 stood at $11.8 million (up 41.27% YoY), and the FY2025 full-year result was $12.0 million, up 34.41% from the prior year.
  • Operating Leases was little changed at $11.8 million in Q2 2026, from $11.9 million in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $12.0 million in Q4 2025 to a low of $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.
  • Across the five-year window, Operating Leases dropped 6.4% in 2022 and soared 41.27% in 2026, its largest moves.
  • Tracing FCEL's Operating Leases over 5 years: stood at $7.6 million in 2022, then gained by 18.71% to $9.0 million in 2023, then declined by 1.09% to $8.9 million in 2024, then soared by 34.41% to $12.0 million in 2025, then decreased by 1.3% to $11.8 million in 2026.
  • Business Quant data shows FCEL's Operating Leases at $11.8 million in Q2 2026, $11.9 million in Q1 2026, and $12.0 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn
10 Fuelcell Energy 5.02 Mn -359.10 Mn -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