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

Fuelcell Energy has disclosed Net Margin across 17 years of filings, most recently posting 77.5% for Q1 2026.

• Net Margin for Q1 2026 came in at 77.5%, up 7582.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 109.39% (up 1097.0% YoY), and the FY2025 annual result was 120.82%, down 560.0% from the prior year.
• Net Margin came in at 77.5% for Q1 2026 at Fuelcell Energy, down from 55.74% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 52.39% in Q1 2023 to a low of 197.8% in Q3 2025.
• The 5-year median for Net Margin is 110.37% (2022), against an average of 115.67%.
• Across the five-year window, Net Margin surged 18403 bps in 2022 and plunged 7099 bps in 2024, its largest moves.
• Fuelcell Energy's Net Margin stood at 110.37% in 2022, then decreased by 26 bps to 138.74% in 2023, then surged by 38 bps to 85.59% in 2024, then surged by 35 bps to 55.74% in 2025, then plunged by 39 bps to 77.5% in 2026.
• The last three Net Margin figures came in at 77.5% (Q1 2026), 55.74% (Q4 2025), and 197.8% (Q3 2025), per Business Quant data.