Growth Metrics

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

Fuelcell Energy (FCEL) has disclosed Return on Invested Capital for 15 consecutive years, with 0.3% as the latest value for Q4 2025.

  • Quarterly Return on Invested Capital fell 7.0% to 0.3% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 0.3% through Oct 2025, down 7.0% year-over-year, with the annual reading at 0.28% for FY2025, 5.0% down from the prior year.
  • Return on Invested Capital hit 0.3% in Q4 2025 for Fuelcell Energy, up from 0.34% in the prior quarter.
  • In the past five years, Return on Invested Capital ranged from a high of 0.1% in Q4 2021 to a low of 0.34% in Q3 2025.
  • Historically, Return on Invested Capital has averaged 0.21% across 5 years, with a median of 0.2% in 2022.
  • Biggest five-year swings in Return on Invested Capital: soared 64bps in 2021 and later decreased -11bps in 2022.
  • Year by year, Return on Invested Capital stood at 0.1% in 2021, then plummeted by -110bps to 0.2% in 2022, then grew by 6bps to 0.19% in 2023, then decreased by -20bps to 0.23% in 2024, then tumbled by -32bps to 0.3% in 2025.
  • Business Quant data shows Return on Invested Capital for FCEL at 0.3% in Q4 2025, 0.34% in Q3 2025, and 0.23% in Q2 2025.