Fuelcell Energy (FCEL) Return on Assets [ROA] (2011 - 2026)
Fuelcell Energy's Return on Assets [ROA] came in at -15.41% for fiscal Q3 2026 (quarter ended Jul 31, 2026), up 8.12 percentage points from -23.52% a year earlier and up 7.29 percentage points from the prior quarter.
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Analysis
Fuelcell Energy (FCEL) Return on Assets [ROA] (2011 - 2026) Analysis & Trends
For FY2025 (ended Oct 31, 2025), Fuelcell Energy's Return on Assets [ROA] was -20.40%, down 3.89 percentage points from FY2024.
- Return on Assets [ROA] carries a five-year change of +0.40 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Return on Assets [ROA] was -16.51% in FY2024 (-5.10 pp), -11.40% in FY2023 (+4.82 pp), -16.22% in FY2022 (-1.78 pp) and -14.44% in FY2021 (+6.35 pp).
- The fiscal Q3 2026 figure represents the highest quarterly Return on Assets [ROA] since fiscal Q2 2024.
- Year-over-year, Return on Assets [ROA] increased in 1 of the last eight quarters, with an average year-over-year change of -2.93 percentage points.
- The fastest year-over-year change in Return on Assets [ROA] over five years came in fiscal Q3 2026 (a gain of 8.12 percentage points), and the weakest in fiscal Q3 2025 (a drop of 7.80 percentage points).
- Business Quant data shows FCEL's Return on Assets [ROA] at -22.70% (Q2 2026), -19.37% (Q1 2026) and -21.71% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 238.25 Bn | 198.17 Bn | 2.36 Bn | 12.18% |
| 2 | Bloom Energy | 64.00 Bn | 55.79 Bn | 355.57 Mn | 4.88% |
| 3 | First Solar | 18.75 Bn | 9.70 Bn | 605.00 Mn | 13.06% |
| 4 | BWX Technologies | 12.32 Bn | 10.62 Bn | 202.31 Mn | 8.14% |
| 5 | Nextpower | 11.91 Bn | 7.80 Bn | 335.85 Mn | 14.25% |
| 6 | Generac Holdings | 11.42 Bn | 10.25 Bn | 521.81 Mn | 4.56% |
| 7 | EnerSys | 6.22 Bn | 4.41 Bn | 313.36 Mn | 8.86% |
| 8 | Enphase Energy | 4.25 Bn | -607.94 Mn | 175.01 Mn | 4.75% |
| 9 | Mirion Technologies | 3.72 Bn | 1.56 Bn | 133.10 Mn | 0.73% |
| 10 | Fuelcell Energy | 872.33 Mn | -748.87 Mn | -24.50 Mn | -15.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -15.41% |
| Apr 30, 2026 | -22.70% |
| Jan 31, 2026 | -19.37% |
| Oct 31, 2025 | -21.71% |
| Jul 31, 2025 | -23.52% |
| Apr 30, 2025 | -16.17% |
| Jan 31, 2025 | -15.64% |
| Oct 31, 2024 | -16.56% |
| Jul 31, 2024 | -15.72% |
| Apr 30, 2024 | -14.69% |
| Jan 31, 2024 | -13.99% |
| Oct 31, 2023 | -11.37% |
| Jul 31, 2023 | -13.37% |
| Apr 30, 2023 | -14.39% |
| Jan 31, 2023 | -13.34% |
| Oct 31, 2022 | -15.63% |
| Jul 31, 2022 | -13.69% |
| Apr 30, 2022 | -12.48% |
| Jan 31, 2022 | -11.70% |
| Oct 31, 2021 | -11.51% |
API Access
Fuelcell Energy Return on Assets [ROA] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-assets-%5Broa%5D&ticker=FCEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "ticker": "FCEL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-assets-%5Broa%5D&ticker=FCEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();