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| Date | Value |
|---|---|
| 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% |