Fuelcell Energy (FCEL) Return on Invested Capital (2011 - 2026)
Fuelcell Energy (FCEL) posted Return on Invested Capital of 0.03% for Q2 2026, down 19.54% sequentially from 0.03% in Q4 2025, and down 1.0% YoY from 0.03% in Q2 2025.
Fuelcell Energy (FCEL) Return on Invested Capital (2011 - 2026) Analysis & Trends
Fuelcell Energy has reported Return on Invested Capital for 16 years, with the latest figure at 0.03% in Q2 2026.
- Quarterly Return on Invested Capital fell 1.0% year-over-year to 0.03% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 0.03% (down 1.0% YoY) and the FY2025 annual result came in at 0.12%, changed 0.0% from the prior year.
- Return on Invested Capital slipped to 0.03% in Q2 2026 per FCEL's latest filing, from 0.03% in the prior quarter.
- Over five years, Return on Invested Capital peaked at 0.02% in Q2 2025 and troughed at 0.04% in Q3 2024.
- A 5-year average of 0.03% and a median of 0.03% in 2022 frame the typical range for Return on Invested Capital.
- The sharpest annual moves came in 2022 and 2023: Return on Invested Capital declined 2 bps in 2022, then rose 1 bps in 2023.
- Over 5 years, Return on Invested Capital stood at 0.04% in 2022, then rose by 15 bps to 0.03% in 2023, then declined by 13 bps to 0.03% in 2024, then grew by 16 bps to 0.03% in 2025, then dropped by 20 bps to 0.03% in 2026.
- According to Business Quant data, Return on Invested Capital over the past three periods registered 0.03%, 0.03%, and 0.03% for Q2 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn | 0.34% |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn | 0.30% |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn | 0.00% |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn | 0.12% |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | 0.00% |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn | - |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn | - |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | 0.05% |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn | -0.04% |
| 10 | Fuelcell Energy | 1.05 Bn | 675.77 Mn | -12.93 Mn | -0.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | -0.03% |
| Oct 31, 2025 | -0.03% |
| Jul 31, 2025 | -0.03% |
| Apr 30, 2025 | -0.02% |
| Oct 31, 2024 | -0.03% |
| Jul 31, 2024 | -0.04% |
| Oct 31, 2023 | -0.03% |
| Jul 31, 2023 | -0.03% |
| Apr 30, 2023 | -0.03% |
| Jan 31, 2023 | -0.03% |
| Oct 31, 2022 | -0.04% |
| Jul 31, 2022 | -0.03% |
| Oct 31, 2021 | -0.01% |
| Jul 31, 2021 | -0.01% |
| Apr 30, 2021 | -0.01% |
| Oct 31, 2020 | -0.01% |
| Jul 31, 2020 | -0.01% |
| Apr 30, 2020 | 0.00% |
| Jan 31, 2020 | 0.00% |
| Oct 31, 2019 | 0.00% |