Fuelcell Energy (FCEL) Return on Capital Employed (2011 - 2026)
Fuelcell Energy (FCEL) reported Return on Capital Employed of 24.57% for Q2 2026, down 725.0% on a YoY basis from 3.93% in Q2 2025, and down 18.11% sequentially from 20.8% in Q1 2026.
Fuelcell Energy (FCEL) Return on Capital Employed (2011 - 2026) Analysis & Trends
Fuelcell Energy (FCEL) has 16 years of Return on Capital Employed data on file, last reported at 24.57% in Q2 2026.
- For the quarter ending Q2 2026, Return on Capital Employed fell 725.0% year-over-year to 24.57%; the trailing twelve-month figure through Apr 2026 stood at 24.57% (down 725.0% YoY), and the FY2025 full-year result was 22.1%, down 401.0% from the prior year.
- Return on Capital Employed fell to 24.57% in Q2 2026, from 20.8% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 12.08% in Q1 2022 to a low of 26.02% in Q3 2025.
- A 5-year average of 17.81% and a median of 17.31% in 2025 frame the typical range for Return on Capital Employed.
- Across the five-year window, Return on Capital Employed tumbled 891 bps in 2022 and soared 158 bps in 2025, its largest moves.
- Tracing FCEL's Return on Capital Employed over 5 years: stood at 16.78% in 2022, then grew by 8 bps to 15.39% in 2023, then fell by 18 bps to 18.16% in 2024, then sank by 30 bps to 23.64% in 2025, then fell by 4 bps to 24.57% in 2026.
- Business Quant data shows FCEL's Return on Capital Employed at 24.57% in Q2 2026, 20.8% in Q1 2026, and 23.64% in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 403.71 Bn | 403.68 Bn | 6.04 Mn | 8.37% |
| 2 | Vertiv Holdings | 106.22 Bn | 103.72 Bn | 999.70 Mn | 26.52% |
| 3 | Bloom Energy | 50.57 Bn | 48.08 Bn | 225.54 Mn | 4.38% |
| 4 | Hubbell | 25.67 Bn | 25.15 Bn | 505.30 Mn | 18.97% |
| 5 | nVent Electric | 23.34 Bn | 23.15 Bn | 445.60 Mn | 11.66% |
| 6 | Advanced Energy Industries | 10.84 Bn | 10.14 Bn | 200.90 Mn | 13.11% |
| 7 | Acuity Inc. (De) | 10.06 Bn | 9.65 Bn | 606.40 Mn | 17.52% |
| 8 | Powell Industries | 7.93 Bn | 7.39 Bn | 87.94 Mn | 32.43% |
| 9 | EnerSys | 6.97 Bn | 6.53 Bn | 290.87 Mn | 13.24% |
| 10 | Fuelcell Energy | 1.12 Bn | 748.74 Mn | -12.93 Mn | -24.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | -24.57% |
| Jan 31, 2026 | -20.80% |
| Oct 31, 2025 | -23.64% |
| Jul 31, 2025 | -26.02% |
| Apr 30, 2025 | -17.32% |
| Jan 31, 2025 | -17.29% |
| Oct 31, 2024 | -18.16% |
| Jul 31, 2024 | -17.76% |
| Apr 30, 2024 | -18.90% |
| Jan 31, 2024 | -17.63% |
| Oct 31, 2023 | -15.39% |
| Jul 31, 2023 | -16.89% |
| Apr 30, 2023 | -15.87% |
| Jan 31, 2023 | -14.28% |
| Oct 31, 2022 | -16.78% |
| Jul 31, 2022 | -14.29% |
| Apr 30, 2022 | -12.95% |
| Jan 31, 2022 | -12.08% |
| Oct 31, 2021 | -7.87% |
| Jul 31, 2021 | -8.95% |