Fuelcell Energy (FCEL) Tax Rate (2010 - 2026)

Fuelcell Energy (FCEL) posted Tax Rate of 0.06% for Q2 2026, up 742.69% sequentially from 0.01% in Q4 2025, and up 29.0% YoY from 0.05% in Q2 2025.

Fuelcell Energy (FCEL) Tax Rate (2010 - 2026) Analysis & Trends

Fuelcell Energy has reported Tax Rate for 17 years, with the latest figure at 0.06% in Q2 2026.

Quarterly Tax Rate rose 29.0% year-over-year to 0.06% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 0.34% (down 25.0% YoY) and the FY2025 annual result came in at 1.65%, up 167.0% from the prior year.
Tax Rate rose to 0.06% in Q2 2026 per FCEL's latest filing, from 0.01% in the prior quarter.
Over five years, Tax Rate peaked at 0.06% in Q2 2026 and troughed at 2.82% in Q1 2023.
A 5-year average of 0.5% and a median of 0.04% in 2025 frame the typical range for Tax Rate.
The sharpest annual moves came in 2022 and 2023: Tax Rate slumped 168 bps in 2022, then surged 76 bps in 2023.
Over 5 years, Tax Rate stood at 0.73% in 2022, then surged by 104 bps to 0.03% in 2023, then slumped by 347 bps to 0.07% in 2024, then soared by 111 bps to 0.01% in 2025, then soared by 743 bps to 0.06% in 2026.
According to Business Quant data, Tax Rate over the past three periods registered 0.06%, 0.01%, and 0.04% for Q2 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	Vertiv Holdings	101.35 Bn	98.24 Bn	1.23 Bn	19.71%
2	Bloom Energy	58.17 Bn	55.50 Bn	355.57 Mn	0.75%
3	nVent Electric	24.99 Bn	24.74 Bn	558.00 Mn	23.48%
4	Hubbell	24.90 Bn	24.51 Bn	613.00 Mn	20.25%
5	Advanced Energy Industries	11.37 Bn	9.96 Bn	236.10 Mn	18.17%
6	Acuity Inc. (De)	10.36 Bn	9.95 Bn	606.40 Mn	23.87%
7	Powell Industries	7.22 Bn	6.58 Bn	95.30 Mn	24.54%
8	EnerSys	6.93 Bn	6.40 Bn	313.36 Mn	13.75%
9	Hayward Holdings	3.18 Bn	2.70 Bn	155.05 Mn	23.02%
10	Fuelcell Energy	1.00 Bn	627.38 Mn	-12.93 Mn	0.06%

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