Fuelcell Energy (FCEL) Return on Capital Employed (2011 - 2026)
Fuelcell Energy recorded quarterly Return on Capital Employed of 20.8% in Q1 2026, up 12.03% quarter-over-quarter from 23.64% in Q4 2025, and down 351.0% year-over-year from 8.29% in Q1 2025.
Fuelcell Energy's Return on Capital Employed history runs 16 years deep, the most recent figure standing at 20.8% for Q1 2026.
- In Q1 2026, Return on Capital Employed fell 351.0% year-over-year to 20.8%; the TTM figure through Jan 2026 stood at 20.8% (down 351.0% YoY), while the FY2025 annual figure was 22.1%, down 401.0% from the prior year.
- Return on Capital Employed came in at 20.8% for Q1 2026 at Fuelcell Energy, up from 23.64% 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 17.41% and a median of 17.29% in 2025 frame the typical range for Return on Capital Employed.
- Across the five-year window, Return on Capital Employed plunged 891 bps in 2022 and jumped 158 bps in 2025, its largest moves.
- Fuelcell Energy's Return on Capital Employed stood at 16.78% in 2022, then rose by 8 bps to 15.39% in 2023, then decreased by 18 bps to 18.16% in 2024, then tumbled by 30 bps to 23.64% in 2025, then grew by 12 bps to 20.8% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 20.8%, 23.64%, and 26.02% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 26.52% |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 4.38% |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 11.66% |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 18.97% |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 13.11% |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 32.43% |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | 15.83% |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 13.24% |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | -72.06% |
| 10 | Fuelcell Energy | 1.21 Bn | 903.11 Mn | -5.86 Mn | -20.80% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Apr 30, 2021 | -12.23% |
| Jan 31, 2021 | -10.39% |
| Oct 31, 2020 | -9.30% |
| Jul 31, 2020 | -15.24% |
| Apr 30, 2020 | -13.32% |
| Jan 31, 2020 | -17.50% |
| Oct 31, 2019 | -23.51% |
| Jul 31, 2019 | -18.14% |
| Apr 30, 2019 | -25.44% |
| Jan 31, 2019 | -21.29% |
| Oct 31, 2018 | -15.43% |
| Jul 31, 2018 | -14.66% |
| Apr 30, 2018 | -13.91% |
| Jan 31, 2018 | -13.87% |
| Oct 31, 2017 | -17.80% |
| Jul 31, 2017 | -18.33% |
| Apr 30, 2017 | -16.21% |
| Jan 31, 2017 | -15.88% |
| Oct 31, 2016 | -16.37% |
| Jul 31, 2016 | -16.88% |
| Apr 30, 2016 | -17.36% |
| Jan 31, 2016 | -16.71% |
| Oct 31, 2015 | -13.85% |
| Jul 31, 2015 | -12.58% |
| Apr 30, 2015 | -12.05% |
| Jan 31, 2015 | -12.12% |
| Oct 31, 2014 | -13.31% |
| Jul 31, 2014 | -16.30% |
| Apr 30, 2014 | -18.11% |
| Jan 31, 2014 | -17.01% |
| Oct 31, 2013 | -22.69% |
| Jul 31, 2013 | -26.08% |
| Apr 30, 2013 | -35.90% |
| Jan 31, 2013 | -37.98% |
| Oct 31, 2012 | -29.38% |
| Jul 31, 2012 | -26.77% |
| Apr 30, 2012 | -29.75% |
| Jan 31, 2012 | -56.84% |
| Oct 31, 2011 | -81.43% |