Fuelcell Energy (FCELB) Equity Ratio (2010 - 2026)

Fuelcell Energy's (FCELB) quarterly Equity Ratio came in at 0.71 in Q1 2026, little changed year-on-year from 0.71 in Q1 2025, and down 1.39% quarter-over-quarter from 0.72 in Q4 2025.

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

Fuelcell Energy has disclosed Equity Ratio across 17 years of filings, most recently posting 0.71 for Q1 2026.

  • Equity Ratio for Q1 2026 came in at 0.71, changed 0.12% year-over-year; the trailing twelve-month figure through Jan 2026 was 0.71 (changed 0.12% YoY), and the FY2025 annual result was 0.72, up 1.84% from the prior year.
  • Equity Ratio came in at 0.71 for Q1 2026 at Fuelcell Energy, down from 0.72 in the prior quarter.
  • In the past five years, Equity Ratio ranged from a high of 0.76 in Q1 2023 to a low of 0.68 in Q3 2025.
  • The 5-year median for Equity Ratio is 0.72 (2024), against an average of 0.72.
  • Across the five-year window, Equity Ratio grew 27.75% in 2022 and decreased 5.74% in 2025, its largest moves.
  • Fuelcell Energy's Equity Ratio stood at 0.74 in 2022, then slipped by 0.38% to 0.73 in 2023, then fell by 3.54% to 0.71 in 2024, then advanced by 1.84% to 0.72 in 2025, then slipped by 1.39% to 0.71 in 2026.
  • The last three Equity Ratio figures came in at 0.71 (Q1 2026), 0.72 (Q4 2025), and 0.68 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Novonix 395.03 Bn 394.98 Bn - 0.57
2 Vertiv Holdings 110.52 Bn 108.02 Bn 999.70 Mn 0.32
3 Bloom Energy 73.12 Bn 70.66 Bn 225.54 Mn 0.20
4 nVent Electric 26.38 Bn 26.19 Bn 445.60 Mn 0.55
5 Hubbell 25.79 Bn 25.28 Bn 505.30 Mn 0.45
6 Advanced Energy Industries 11.69 Bn 11.69 Bn 200.90 Mn 0.53
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 0.60
9 Acuity Inc. (De) 9.21 Bn 8.94 Bn 520.40 Mn 0.62
10 Fuelcell Energy - - -12.93 Mn 0.73

Historic Data

Download Data
DateValue
Apr 30, 2026 0.73
Jan 31, 2026 0.72
Oct 31, 2025 0.72
Jul 31, 2025 0.68
Apr 30, 2025 0.70
Jan 31, 2025 0.71
Oct 31, 2024 0.71
Jul 31, 2024 0.72
Apr 30, 2024 0.71
Jan 31, 2024 0.74
Oct 31, 2023 0.73
Jul 31, 2023 0.75
Apr 30, 2023 0.75
Jan 31, 2023 0.76
Oct 31, 2022 0.74
Jul 31, 2022 0.74
Apr 30, 2022 0.74
Jan 31, 2022 0.70
Oct 31, 2021 0.73
Jul 31, 2021 0.76