Fuelcell Energy Inc (FCELB) Return on Invested Capital [ROIC] (2012 - 2026)
Fuelcell Energy's Return on Invested Capital [ROIC] came in at -20.51% for fiscal Q3 2026 (quarter ended Jul 31, 2026), up 13.16 percentage points from -33.67% a year earlier and up 10.54 percentage points from the prior quarter.
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Analysis
Fuelcell Energy Inc (FCELB) Return on Invested Capital [ROIC] (2012 - 2026) Analysis & Trends
For FY2025 (ended Oct 31, 2025), Fuelcell Energy's Return on Invested Capital [ROIC] was -28.07%, down 5.33 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a five-year change of -3.09 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Return on Invested Capital [ROIC] was -22.74% in FY2024 (-3.51 pp), -19.23% in FY2023 (+1.95 pp), -21.18% in FY2022 (-6.23 pp) and -14.95% in FY2021 (+10.03 pp).
- The fiscal Q3 2026 figure represents the highest quarterly Return on Invested Capital [ROIC] since fiscal Q4 2023.
- Year-over-year, Return on Invested Capital [ROIC] increased in 1 of the last five quarters, with an average year-over-year change of -3.63 percentage points.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in fiscal Q4 2021 (a gain of 13.97 percentage points), and the weakest in fiscal Q3 2025 (a drop of 11.07 percentage points).
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -20.51% |
| Apr 30, 2026 | -31.05% |
| Oct 31, 2025 | -30.31% |
| Jul 31, 2025 | -33.67% |
| Apr 30, 2025 | -22.08% |
| Oct 31, 2024 | -22.95% |
| Jul 31, 2024 | -22.60% |
| Oct 31, 2023 | -19.06% |
| Jul 31, 2023 | -20.67% |
| Apr 30, 2023 | -19.13% |
| Jan 31, 2023 | -17.42% |
| Oct 31, 2022 | -20.37% |
| Jul 31, 2022 | -17.48% |
| Oct 31, 2021 | -9.78% |
| Jul 31, 2021 | -11.98% |
| Apr 30, 2021 | -18.08% |
| Oct 31, 2020 | -23.74% |
| Jul 31, 2020 | -62.13% |
| Apr 30, 2020 | -66.49% |
| Jan 31, 2020 | -64.16% |
API Access
Fuelcell Energy Inc Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=FCELB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "FCELB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=FCELB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();