Fuelcell Energy (FCELB) Debt to Equity (2010 - 2026)

Fuelcell Energy's (FCELB) quarterly Debt to Equity came in at $0.03 in Q1 2026, down 2.14% year-on-year from $0.03 in Q1 2025, and up 8.48% quarter-over-quarter from $0.02 in Q4 2025.

Fuelcell Energy (FCELB) Debt to Equity (2010 - 2026) Analysis & Trends

Fuelcell Energy has disclosed Debt to Equity across 17 years of filings, most recently posting $0.03 for Q1 2026.

  • Debt to Equity for Q1 2026 came in at $0.03, down 2.14% year-over-year; the trailing twelve-month figure through Jan 2026 was $0.03 (down 2.14% YoY), and the FY2025 annual result was $0.02, down 1.03% from the prior year.
  • Debt to Equity came in at $0.03 for Q1 2026 at Fuelcell Energy, up from $0.02 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $0.03 in Q3 2025 to a low of $0.01 in Q3 2023.
  • The 5-year median for Debt to Equity is $0.02 (2022), against an average of $0.02.
  • Across the five-year window, Debt to Equity sank 63.44% in 2022 and soared 75.06% in 2025, its largest moves.
  • Fuelcell Energy's Debt to Equity stood at $0.02 in 2022, then fell by 24.7% to $0.01 in 2023, then soared by 65.96% to $0.02 in 2024, then slipped by 1.03% to $0.02 in 2025, then climbed by 8.48% to $0.03 in 2026.
  • The last three Debt to Equity figures came in at $0.03 (Q1 2026), $0.02 (Q4 2025), and $0.03 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Novonix 395.03 Bn 394.98 Bn - 0.58
2 Vertiv Holdings 110.52 Bn 108.02 Bn 999.70 Mn 0.69
3 Bloom Energy 73.12 Bn 70.66 Bn 225.54 Mn -
4 nVent Electric 26.38 Bn 26.19 Bn 445.60 Mn 0.41
5 Hubbell 25.79 Bn 25.28 Bn 505.30 Mn 0.68
6 Advanced Energy Industries 11.69 Bn 11.69 Bn 200.90 Mn 0.41
7 Ballard Power Systems 11.51 Bn 10.98 Bn 5.64 Mn -
8 Powell Industries 10.32 Bn 9.77 Bn 87.94 Mn -
9 Acuity Inc. (De) 9.21 Bn 8.94 Bn 520.40 Mn 0.25
10 Fuelcell Energy - - -12.93 Mn 0.02

Historic Data

Download Data
DateValue
Apr 30, 2026 0.02
Jan 31, 2026 0.03
Oct 31, 2025 0.02
Jul 31, 2025 0.03
Apr 30, 2025 0.03
Jan 31, 2025 0.03
Oct 31, 2024 0.02
Jul 31, 2024 0.02
Apr 30, 2024 0.02
Jan 31, 2024 0.01
Oct 31, 2023 0.01
Jul 31, 2023 0.01
Apr 30, 2023 0.02
Jan 31, 2023 0.02
Oct 31, 2022 0.02
Jul 31, 2022 0.01
Apr 30, 2022 0.01
Jan 31, 2022 0.02
Oct 31, 2021 0.02
Jul 31, 2021 0.01