Fuelcell Energy (FCEL) Operating Margin (2010 - 2026)
Fuelcell Energy recorded quarterly Operating Margin of 86.11% in Q1 2026, down 67.26% quarter-over-quarter from 51.48% in Q4 2025, and up 8682.0% year-over-year from 0.98% in Q1 2025.
Fuelcell Energy's Operating Margin history runs 17 years deep, the most recent figure standing at 86.11% for Q1 2026.
- In Q1 2026, Operating Margin rose 8682.0% year-over-year to 86.11%; the TTM figure through Jan 2026 stood at 109.48% (up 2060.0% YoY), while the FY2025 annual figure was 121.61%, up 1973.0% from the prior year.
- Operating Margin came in at 86.11% for Q1 2026 at Fuelcell Energy, down from 51.48% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 51.48% in Q4 2025 to a low of 254.5% in Q1 2024.
- A 5-year average of 131.74% and a median of 141.04% in 2022 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin sank 19393 bps in 2024 and jumped 8875 bps in 2025, its largest moves.
- Fuelcell Energy's Operating Margin stood at 108.84% in 2022, then plunged by 49 bps to 161.94% in 2023, then jumped by 49 bps to 83.19% in 2024, then soared by 38 bps to 51.48% in 2025, then slumped by 67 bps to 86.11% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 86.11%, 51.48%, and 204.02% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 16.61% |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 9.61% |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 15.76% |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 17.39% |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 13.37% |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 19.41% |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | 12.60% |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 12.52% |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | -66.96% |
| 10 | Fuelcell Energy | 1.21 Bn | 903.11 Mn | -5.86 Mn | -86.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | -86.11% |
| Oct 31, 2025 | -51.48% |
| Jul 31, 2025 | -204.02% |
| Apr 30, 2025 | -95.73% |
| Jan 31, 2025 | -172.93% |
| Oct 31, 2024 | -83.19% |
| Jul 31, 2024 | -141.87% |
| Apr 30, 2024 | -184.48% |
| Jan 31, 2024 | -254.50% |
| Oct 31, 2023 | -161.94% |
| Jul 31, 2023 | -162.27% |
| Apr 30, 2023 | -93.50% |
| Jan 31, 2023 | -60.57% |
| Oct 31, 2022 | -108.84% |
| Jul 31, 2022 | -64.95% |
| Apr 30, 2022 | -172.22% |
| Jan 31, 2022 | -141.04% |
| Oct 31, 2021 | -161.85% |
| Jul 31, 2021 | -39.47% |
| Apr 30, 2021 | -124.63% |
| Jan 31, 2021 | -96.61% |
| Oct 31, 2020 | -100.72% |
| Jul 31, 2020 | -57.46% |
| Apr 30, 2020 | -43.13% |
| Jan 31, 2020 | -19.31% |
| Oct 31, 2019 | -298.81% |
| Jul 31, 2019 | -4.71% |
| Apr 30, 2019 | -191.22% |
| Jan 31, 2019 | -85.72% |
| Oct 31, 2018 | -66.37% |
| Jul 31, 2018 | -119.52% |
| Apr 30, 2018 | -61.14% |
| Jan 31, 2018 | -14.38% |
| Oct 31, 2017 | -20.98% |
| Jul 31, 2017 | -138.35% |
| Apr 30, 2017 | -56.31% |
| Jan 31, 2017 | -64.27% |
| Oct 31, 2016 | -48.24% |
| Jul 31, 2016 | -47.54% |
| Apr 30, 2016 | -44.46% |
| Jan 31, 2016 | -34.40% |
| Oct 31, 2015 | -15.29% |
| Jul 31, 2015 | -17.18% |
| Apr 30, 2015 | -30.74% |
| Jan 31, 2015 | -12.31% |
| Oct 31, 2014 | -9.13% |
| Jul 31, 2014 | -13.90% |
| Apr 30, 2014 | -22.92% |
| Jan 31, 2014 | -17.04% |
| Oct 31, 2013 | -12.60% |
| Jul 31, 2013 | -8.55% |
| Apr 30, 2013 | -16.96% |
| Jan 31, 2013 | -30.45% |
| Oct 31, 2012 | -23.77% |
| Jul 31, 2012 | -35.40% |
| Apr 30, 2012 | -32.12% |
| Jan 31, 2012 | -17.37% |
| Oct 31, 2011 | -22.71% |
| Jul 31, 2011 | -25.05% |
| Apr 30, 2011 | -69.29% |
| Jan 31, 2011 | -37.79% |
| Oct 31, 2010 | -43.62% |
| Jul 31, 2010 | -77.44% |