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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |