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
DateValue
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%