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

Fuelcell Energy has disclosed Operating Margin across 17 years of filings, most recently posting 86.11% for Q1 2026.

• Operating Margin for Q1 2026 came in at 86.11%, up 8682.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 109.48% (up 2060.0% YoY), and the FY2025 annual result was 121.61%, up 1973.0% from the prior year.
• Operating Margin came in at 86.11% for Q1 2026 at Fuelcell Energy, down from 51.48% 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.
• The 5-year median for Operating Margin is 141.04% (2022), against an average of 131.74%.
• Across the five-year window, Operating Margin slumped 19393 bps in 2024 and soared 8875 bps in 2025, its largest moves.
• Fuelcell Energy's Operating Margin stood at 108.84% in 2022, then sank 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 67 bps to 86.11% in 2026.
• The last three Operating Margin figures came in at 86.11% (Q1 2026), 51.48% (Q4 2025), and 204.02% (Q3 2025), per Business Quant data.