Fuelcell Energy (FCEL) Return on Capital Employed (2011 - 2026)
Fuelcell Energy's (FCEL) quarterly Return on Capital Employed came in at 24.57% in Q2 2026, down 725.0% YoY from 3.93% in Q2 2025, and down 18.11% on a QoQ basis from 20.8% in Q1 2026.
Fuelcell Energy (FCEL) Return on Capital Employed (2011 - 2026) Analysis & Trends
Fuelcell Energy's Return on Capital Employed history runs 16 years deep, the most recent figure standing at 24.57% for Q2 2026.
- On a quarterly basis, Return on Capital Employed fell 725.0% year-over-year to 24.57% in Q2 2026; TTM through Apr 2026 was 24.57%, a 725.0% decrease from a year earlier, with the FY2025 full-year figure at 22.1%, down 401.0% from the prior year.
- Return on Capital Employed was 24.57% for Q2 2026 at Fuelcell Energy, down from 20.8% in the prior quarter.
- Over the last five years, Return on Capital Employed for FCEL reached as high as 12.08% in Q1 2022 and fell as low as 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 widest annual swing landed in 2022, when Return on Capital Employed plunged 891 bps; it then surged 158 bps in 2025.
- Tracing FCEL's Return on Capital Employed over 5 years: 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 sank by 30 bps to 23.64% in 2025, then decreased 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 26.52% |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 4.38% |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 11.66% |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 18.97% |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 13.11% |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 32.43% |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | -16.28% |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 15.83% |
| 10 | Fuelcell Energy | 1.02 Bn | 1.02 Bn | -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% |