Fuelcell Energy (FCELB) Return on Capital Employed (2011 - 2026)

Fuelcell Energy's (FCELB) quarterly Return on Capital Employed came in at 20.8% in Q1 2026, down 351.0% year-on-year from 8.29% in Q1 2025, and up 12.03% quarter-over-quarter from 23.64% in Q4 2025.

Fuelcell Energy (FCELB) Return on Capital Employed (2011 - 2026) Analysis & Trends

Fuelcell Energy has disclosed Return on Capital Employed across 16 years of filings, most recently posting 20.8% for Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 20.8%, down 351.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 20.8% (down 351.0% YoY), and the FY2025 annual result was 22.1%, down 401.0% from the prior year.
  • Return on Capital Employed came in at 20.8% for Q1 2026 at Fuelcell Energy, up from 23.64% in the prior quarter.
  • In the past five years, Return on Capital Employed ranged from a high of 12.08% in Q1 2022 to a low of 26.02% in Q3 2025.
  • The 5-year median for Return on Capital Employed is 17.29% (2025), against an average of 17.41%.
  • Across the five-year window, Return on Capital Employed sank 891 bps in 2022 and soared 158 bps in 2025, its largest moves.
  • Fuelcell Energy's Return on Capital Employed stood at 16.78% in 2022, then increased by 8 bps to 15.39% in 2023, then retreated by 18 bps to 18.16% in 2024, then plunged by 30 bps to 23.64% in 2025, then climbed by 12 bps to 20.8% in 2026.
  • The last three Return on Capital Employed figures came in at 20.8% (Q1 2026), 23.64% (Q4 2025), and 26.02% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Novonix 395.03 Bn 394.98 Bn - -
2 Vertiv Holdings 110.52 Bn 108.02 Bn 999.70 Mn 26.52%
3 Bloom Energy 73.12 Bn 70.66 Bn 225.54 Mn 4.38%
4 nVent Electric 26.38 Bn 26.19 Bn 445.60 Mn 11.66%
5 Hubbell 25.79 Bn 25.28 Bn 505.30 Mn 18.97%
6 Advanced Energy Industries 11.69 Bn 11.69 Bn 200.90 Mn 13.11%
7 Ballard Power Systems 11.51 Bn 10.98 Bn 5.64 Mn -16.28%
8 Powell Industries 10.32 Bn 9.77 Bn 87.94 Mn 32.43%
9 Acuity Inc. (De) 9.21 Bn 8.94 Bn 520.40 Mn 15.83%
10 Fuelcell Energy - - -12.93 Mn -24.57%

Historic Data

Download Data
DateValue
Apr 30, 2026 -24.57%
Jan 31, 2026 -20.80%
Oct 31, 2025 -23.64%
Jul 31, 2025 -26.02%
Apr 30, 2025 -17.32%
Jan 31, 2025 -17.29%
Oct 31, 2024 -18.16%
Jul 31, 2024 -17.76%
Apr 30, 2024 -18.90%
Jan 31, 2024 -17.63%
Oct 31, 2023 -15.39%
Jul 31, 2023 -16.89%
Apr 30, 2023 -15.87%
Jan 31, 2023 -14.28%
Oct 31, 2022 -16.78%
Jul 31, 2022 -14.29%
Apr 30, 2022 -12.95%
Jan 31, 2022 -12.08%
Oct 31, 2021 -7.87%
Jul 31, 2021 -8.95%