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

Fuelcell Energy has disclosed Gross Margin across 17 years of filings, most recently posting 19.18% for Q1 2026.

• Gross Margin for Q1 2026 came in at 19.18%, up 821.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 15.95% (up 974.0% YoY), and the FY2025 annual result was 16.7%, up 1534.0% from the prior year.
• Gross Margin came in at 19.18% for Q1 2026 at Fuelcell Energy, down from 12.05% 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 70.25% in Q1 2024.
• The 5-year median for Gross Margin is 22.13% (2024), against an average of 22.8%.
• Across the five-year window, Gross Margin plunged 8437 bps in 2024 and soared 4285 bps in 2025, its largest moves.
• Fuelcell Energy's Gross Margin stood at 38.75% in 2022, then surged by 83 bps to 6.52% in 2023, then slumped by 240 bps to 22.13% in 2024, then soared by 46 bps to 12.05% in 2025, then sank by 59 bps to 19.18% in 2026.
• The last three Gross Margin figures came in at 19.18% (Q1 2026), 12.05% (Q4 2025), and 10.98% (Q3 2025), per Business Quant data.