Fuelcell Energy (FCEL) Return on Capital Employed (2011 - 2026)
Fuelcell Energy (FCEL) posted Return on Capital Employed of 24.57% for Q2 2026, down 18.11% sequentially from 20.8% in Q1 2026, and down 725.0% YoY from 3.93% in Q2 2025.
Fuelcell Energy (FCEL) Return on Capital Employed (2011 - 2026) Analysis & Trends
Fuelcell Energy has reported Return on Capital Employed for 16 years, with the latest figure at 24.57% in Q2 2026.
- Quarterly Return on Capital Employed fell 725.0% year-over-year to 24.57% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 24.57% (down 725.0% YoY) and the FY2025 annual result came in at 22.1%, down 401.0% from the prior year.
- Return on Capital Employed fell to 24.57% in Q2 2026 per FCEL's latest filing, from 20.8% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 12.08% in Q1 2022 and troughed at 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.
- The sharpest annual moves came in 2022 and 2025: Return on Capital Employed sank 891 bps in 2022, then surged 158 bps in 2025.
- Over 5 years, Return on Capital Employed stood at 16.78% in 2022, then gained by 8 bps to 15.39% in 2023, then slipped by 18 bps to 18.16% in 2024, then plunged by 30 bps to 23.64% in 2025, then slipped by 4 bps to 24.57% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 24.57%, 20.8%, and 23.64% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 99.31 Bn | 96.20 Bn | 1.23 Bn | 29.36% |
| 2 | Bloom Energy | 57.59 Bn | 54.92 Bn | 355.57 Mn | 8.69% |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 33.42% |
| 4 | Hubbell | 24.97 Bn | 24.57 Bn | 613.00 Mn | 15.18% |
| 5 | Advanced Energy Industries | 11.01 Bn | 9.59 Bn | 236.10 Mn | 11.34% |
| 6 | Acuity Inc. (De) | 10.34 Bn | 9.93 Bn | 606.40 Mn | 17.52% |
| 7 | Powell Industries | 7.16 Bn | 6.53 Bn | 95.30 Mn | 34.05% |
| 8 | EnerSys | 6.90 Bn | 6.37 Bn | 313.36 Mn | 15.27% |
| 9 | Hayward Holdings | 3.19 Bn | 2.71 Bn | 155.05 Mn | 8.67% |
| 10 | Fuelcell Energy | 1.02 Bn | 646.49 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% |