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

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

Fuelcell Energy's (FCELB) quarterly Operating Margin came in at 141.39% in Q3 2026, up 6263.0% year-over-year from 2.22% in Q3 2025, and up 35.42% quarter-over-quarter from 218.92% in Q2 2026.

Analysis

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

Fuelcell Energy has disclosed Operating Margin across 17 years of filings, most recently posting 141.39% for Q3 2026.

  • In Q3 2026, Operating Margin rose 6263.0% year-over-year to 141.39%; the TTM figure through Jul 2026 stood at 116.25% (up 1824.0% YoY), while the FY2025 annual figure was 121.61%, up 1973.0% from the prior year.
  • Operating Margin came in at 141.39% for Q3 2026 at Fuelcell Energy, up from 218.92% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 51.48% in Q4 2025 to a low of 254.5% in Q1 2024.
  • Average Operating Margin over 5 years is 136.84%, with a median of 141.39% recorded in 2026.
  • Year-over-year, Operating Margin sank 19393 bps in 2024 and jumped 8875 bps in 2025.
  • Over 5 years, Operating Margin stood at 108.84% in 2022, then tumbled by 49 bps to 161.94% in 2023, then soared by 49 bps to 83.19% in 2024, then surged by 38 bps to 51.48% in 2025, then tumbled by 175 bps to 141.39% in 2026.
  • Per Business Quant data, the three most recent Operating Margin figures were 141.39% in Q3 2026, 218.92% in Q2 2026, and 86.11% in Q1 2026.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Bloom Energy 74.04 Bn 71.37 Bn 355.57 Mn 17.11%
2 Fuelcell Energy 33.44 Bn 32.78 Bn -24.50 Mn -141.39%
3 Ballard Power Systems 667.85 Mn 162.70 Mn 4.08 Mn -81.77%
4 Sunhydrogen 89.43 Mn 89.43 Mn -45,724.00 -
Historic Data

Historic Data

Download Data
DateValue
Jul 31, 2026 -141.39%
Apr 30, 2026 -218.92%
Jan 31, 2026 -86.11%
Oct 31, 2025 -51.48%
Jul 31, 2025 -204.02%
Apr 30, 2025 -95.73%
Jan 31, 2025 -172.93%
Oct 31, 2024 -83.19%
Jul 31, 2024 -141.87%
Apr 30, 2024 -184.48%
Jan 31, 2024 -254.50%
Oct 31, 2023 -161.94%
Jul 31, 2023 -162.27%
Apr 30, 2023 -93.50%
Jan 31, 2023 -60.57%
Oct 31, 2022 -108.84%
Jul 31, 2022 -64.95%
Apr 30, 2022 -172.22%
Jan 31, 2022 -141.04%
Oct 31, 2021 -161.85%