Fuelcell Energy FCELB
NASDAQ FCELB
$480.00 -10.00 (-2.04%)
At close: Sep 8, 2026 · 4:00 PM EDT

Fuelcell Energy (FCELB) Gross Margin (2010 - 2026)

Fuelcell Energy's (FCELB) quarterly Gross Margin came in at 74.25% in Q3 2026, down 6327.0% year-over-year from 1.19% in Q3 2025, and down 104.38% quarter-over-quarter from 36.33% in Q2 2026.

Analysis

Fuelcell Energy (FCELB) Gross Margin (2010 - 2026) Analysis & Trends

Fuelcell Energy has disclosed Gross Margin across 17 years of filings, most recently posting 74.25% for Q3 2026.

  • In Q3 2026, Gross Margin fell 6327.0% year-over-year to 74.25%; the TTM figure through Jul 2026 stood at 32.39% (down 1226.0% YoY), while the FY2025 annual figure was 16.7%, up 1534.0% from the prior year.
  • Gross Margin came in at 74.25% for Q3 2026 at Fuelcell Energy, down from 36.33% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 14.13% in Q1 2023 to a low of 74.25% in Q3 2026.
  • Average Gross Margin over 5 years is 26.22%, with a median of 25.23% recorded in 2025.
  • Year-over-year, Gross Margin tumbled 8437 bps in 2024 and jumped 4285 bps in 2025.
  • Over 5 years, Gross Margin stood at 38.75% in 2022, then surged by 83 bps to 6.52% in 2023, then plunged by 240 bps to 22.13% in 2024, then soared by 46 bps to 12.05% in 2025, then tumbled by 516 bps to 74.25% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 74.25% in Q3 2026, 36.33% in Q2 2026, and 19.18% in Q1 2026.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Bloom Energy 74.04 Bn 71.37 Bn 355.57 Mn 33.38%
2 Fuelcell Energy 33.44 Bn 32.78 Bn -24.50 Mn -74.25%
3 Ballard Power Systems 667.85 Mn 162.70 Mn 4.08 Mn 19.81%
4 Sunhydrogen 89.43 Mn 89.43 Mn -45,724.00 -
Historic Data

Historic Data

Download Data
DateValue
Jul 31, 2026 -74.25%
Apr 30, 2026 -36.33%
Jan 31, 2026 -19.18%
Oct 31, 2025 -12.05%
Jul 31, 2025 -10.98%
Apr 30, 2025 -25.23%
Jan 31, 2025 -27.39%
Oct 31, 2024 -22.13%
Jul 31, 2024 -26.17%
Apr 30, 2024 -31.55%
Jan 31, 2024 -70.25%
Oct 31, 2023 -6.52%
Jul 31, 2023 -32.20%
Apr 30, 2023 -15.89%
Jan 31, 2023 14.13%
Oct 31, 2022 -38.75%
Jul 31, 2022 -9.70%
Apr 30, 2022 -44.62%
Jan 31, 2022 -9.11%
Oct 31, 2021 -60.03%