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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Fuelcell Energy (FCEL) Operating Margin (2016 - 2026)

Fuelcell Energy's Operating Margin history spans 17 years, with the latest figure at 86.11% for Q1 2026.

  • For Q1 2026, Operating Margin rose 8682.0% year-over-year to 86.11%; the TTM value through Jan 2026 reached 109.48%, up 2060.0%, while the annual FY2025 figure was 121.61%, 1973.0% up from the prior year.
  • Operating Margin for Q1 2026 was 86.11% at Fuelcell Energy, down from 51.48% in the prior quarter.
  • Across five years, Operating Margin topped out at 51.48% in Q4 2025 and bottomed at 254.5% in Q1 2024.
  • The 5-year median for Operating Margin is 141.04% (2022), against an average of 131.74%.
  • The largest annual shift saw Operating Margin crashed -19393bps in 2024 before it skyrocketed 8875bps in 2025.
  • A 5-year view of Operating Margin shows it stood at 108.84% in 2022, then plummeted by -49bps to 161.94% in 2023, then skyrocketed by 49bps to 83.19% in 2024, then soared by 38bps to 51.48% in 2025, then plummeted by -67bps to 86.11% in 2026.
  • Per Business Quant, the three most recent readings for FCEL's Operating Margin are 86.11% (Q1 2026), 51.48% (Q4 2025), and 204.02% (Q3 2025).