Fuelcell Energy (FCELB) Operating Income (2010 - 2026)
Fuelcell Energy's (FCELB) quarterly Operating Income came in at -$26.3 million in Q1 2026, up 19.97% year-on-year from -$21.9 million in Q1 2025, and up 7.18% quarter-over-quarter from -$28.3 million in Q4 2025.
Fuelcell Energy (FCELB) Operating Income (2010 - 2026) Analysis & Trends
Fuelcell Energy has disclosed Operating Income across 17 years of filings, most recently posting -$26.3 million for Q1 2026.
- Operating Income for Q1 2026 came in at -$26.3 million, up 19.97% year-over-year; the trailing twelve-month figure through Jan 2026 was -$185.8 million (down 24.81% YoY), and the FY2025 annual result was -$192.3 million, down 21.36% from the prior year.
- Operating Income came in at -$26.3 million for Q1 2026 at Fuelcell Energy, up from -$28.3 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of -$22.5 million in Q1 2023 to a low of -$95.4 million in Q3 2025.
- The 5-year median for Operating Income is -$35.9 million (2023), against an average of -$38.6 million.
- Across the five-year window, Operating Income slumped 212.0% in 2022 and jumped 49.93% in 2023, its largest moves.
- Fuelcell Energy's Operating Income stood at -$42.7 million in 2022, then grew by 14.74% to -$36.4 million in 2023, then dropped by 12.8% to -$41.0 million in 2024, then surged by 30.97% to -$28.3 million in 2025, then increased by 7.18% to -$26.3 million in 2026.
- The last three Operating Income figures came in at -$26.3 million (Q1 2026), -$28.3 million (Q4 2025), and -$95.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 395.03 Bn | 394.98 Bn | - | - |
| 2 | Vertiv Holdings | 110.52 Bn | 108.02 Bn | 999.70 Mn | 440.10 Mn |
| 3 | Bloom Energy | 73.12 Bn | 70.66 Bn | 225.54 Mn | 72.20 Mn |
| 4 | nVent Electric | 26.38 Bn | 26.19 Bn | 445.60 Mn | 195.70 Mn |
| 5 | Hubbell | 25.79 Bn | 25.28 Bn | 505.30 Mn | 263.80 Mn |
| 6 | Advanced Energy Industries | 11.69 Bn | 11.69 Bn | 200.90 Mn | 68.30 Mn |
| 7 | Ballard Power Systems | 11.51 Bn | 10.98 Bn | 5.64 Mn | -11.26 Mn |
| 8 | Powell Industries | 10.32 Bn | 9.77 Bn | 87.94 Mn | 57.58 Mn |
| 9 | Acuity Inc. (De) | 9.21 Bn | 8.94 Bn | 520.40 Mn | 133.00 Mn |
| 10 | Fuelcell Energy | - | - | -12.93 Mn | -77.91 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | -77.91 Mn |
| Jan 31, 2026 | -26.29 Mn |
| Oct 31, 2025 | -28.32 Mn |
| Jul 31, 2025 | -95.36 Mn |
| Apr 30, 2025 | -35.81 Mn |
| Jan 31, 2025 | -32.85 Mn |
| Oct 31, 2024 | -41.03 Mn |
| Jul 31, 2024 | -33.62 Mn |
| Apr 30, 2024 | -41.36 Mn |
| Jan 31, 2024 | -42.48 Mn |
| Oct 31, 2023 | -36.38 Mn |
| Jul 31, 2023 | -41.40 Mn |
| Apr 30, 2023 | -35.86 Mn |
| Jan 31, 2023 | -22.46 Mn |
| Oct 31, 2022 | -42.67 Mn |
| Jul 31, 2022 | -28.00 Mn |
| Apr 30, 2022 | -28.22 Mn |
| Jan 31, 2022 | -44.84 Mn |
| Oct 31, 2021 | -22.55 Mn |
| Jul 31, 2021 | -10.59 Mn |