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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Fuelcell Energy (FCEL) Return on Invested Capital (2016 - 2025)

Fuelcell Energy's Return on Invested Capital history spans 15 years, with the latest figure at 0.3% for Q4 2025.

  • For Q4 2025, Return on Invested Capital fell 7.0% year-over-year to 0.3%; the TTM value through Oct 2025 reached 0.3%, down 7.0%, while the annual FY2025 figure was 0.28%, 5.0% down from the prior year.
  • Return on Invested Capital for Q4 2025 was 0.3% at Fuelcell Energy, up from 0.34% in the prior quarter.
  • Across five years, Return on Invested Capital topped out at 0.1% in Q4 2021 and bottomed at 0.34% in Q3 2025.
  • The 5-year median for Return on Invested Capital is 0.2% (2023), against an average of 0.21%.
  • The largest annual shift saw Return on Invested Capital surged 64bps in 2021 before it dropped -17bps in 2022.
  • A 5-year view of Return on Invested Capital shows it stood at 0.1% in 2021, then plummeted by -178bps to 0.27% in 2022, then rose by 29bps to 0.19% in 2023, then fell by -20bps to 0.23% in 2024, then crashed by -32bps to 0.3% in 2025.
  • Per Business Quant, the three most recent readings for FCEL's Return on Invested Capital are 0.3% (Q4 2025), 0.34% (Q3 2025), and 0.23% (Q4 2024).