Intrinsiqq
FuelCell Energy, Inc. logo

FuelCell Energy, Inc. Financials

FCEL

⊜ Compare

All currency values in $ millions unless otherwise noted

Scroll

Showing 6 of 18 available years
Income Statement
TTM
~2.7:1 split
OCT 2025
OCT 2024
OCT 2023
OCT 2022
OCT 2021
~1.5:1 split
Revenues
Revenue$154$158$112$123$130$70
Cost of Revenue$204$185$148$134$160$85
Gross Profit-$50-$26-$36-$11-$30-$16
General & Administrative$57$61$65$65$80$38
Research & Development$29$34$55$61$35$11
Total Operating Expenses$129$166$123$126$114$49
Operating Income-$179-$192-$158-$136-$144-$65
Non-Operating
Net Interest Expense-$1-$2$4$9-$3-$7
Other Non-Operating Income (Expense)$1$3-$2$20$0-$29
EBT (Earnings Before Tax)-$178-$191-$157-$107-$146-$101
Income Tax Expense–$0$0$1$1$0
Earnings from Continuing Ops-$178-$191-$157-$108-$147-$101
Minority Interest-$3-$3-$31-$0-$5$0
Net Income
Net Income-$175-$188-$126-$108-$143-$101
Per Share Data
Revenue Per Share$2.19$6.14$6.79$8.82$10.22$6.24
EPS (Basic)-$3.01-$7.42-$7.83-$7.92-$11.43-$9.30
EPS (Diluted)-$3.01-$7.42-$7.83-$7.92-$11.43-$9.30
Weighted Avg Shares (Basic)70.4M25.7M16.5M419.7M383.1M334.7M
Weighted Avg Shares (Diluted)70.4M25.7M16.5M419.7M383.1M334.7M
Shares Outstanding70.4M25.7M16.5M14.0M12.8M11.2M

FuelCell Energy (FCEL) financials: revenue, profit and margins

FuelCell Energy (FCEL) generated about $154 million in revenue and -$175 million in net income (a -113.6% net margin) over the trailing twelve months, growing at roughly 17.4% a year. Figures are from SEC filings; this is analysis, not investment advice.

Frequently asked

What is FuelCell Energy's (FCEL) revenue?+

FuelCell Energy generated about $154 million in revenue over the trailing twelve months. Revenue has grown at roughly 17.4% a year over the past five years. Revenue is the top line, before any costs; what matters for value is how much of it survives to free cash flow. The full income statement, balance sheet and cash-flow statement are on this tab.

Is FuelCell Energy profitable?+

FuelCell Energy reported about -$175 million in net loss over the trailing twelve months, a net margin of roughly -113.6%. Net income is the bottom line after all costs, interest and taxes. Compare it to free cash flow on this tab, since reported profit and actual cash generated can diverge.

What are FuelCell Energy's profit margins?+

FuelCell Energy runs a gross margin of about -32.4%, an operating margin of about -116.3%, a net margin of about -113.6%. Margins show how much of each sales dollar a company keeps at each stage. Stable or rising margins usually signal pricing power and cost discipline; falling margins are worth investigating. See the multi-year trend on this tab.

How fast is FuelCell Energy growing?+

FuelCell Energy's revenue has compounded at roughly 17.4% a year over the past five years. Growth only creates value when it is profitable and cash-generative, so read this rate alongside FCEL's margins and free cash flow. This is analysis from SEC filings, not investment advice.

How the market compares: How many US companies are profitable

SourceFinancial statements computed from the 10-Q filed 27 Aug 2026, covering the period ending 31 Jul 2026, as reported to the SEC. Data last refreshed 14 Oct 2026. How this is calculated.

Fiscal year ends Oct.

Peers

Electrical Industrial Apparatus · Pick stocks to compare with FCEL

CompareIntrinsic value
SCIASci Engineered Materials Inc.
$9.90+1.02%82
EAFGrafTech International Ltd.
$10.63-8.83%3
THRThermon Group Holdings, Inc.
$0.00-9.52%56
PLUGPlug Power Inc.
$1.46+3.55%0
FPSForgent Power Solutions, Inc.
$22.44-17.32%25
RAYAErayak Power Solution Group Inc.
$1.00-0.99%10
AMSCAmerican Superconductor Corporation
$26.30-4.99%71
CLFDClearfield Inc.
$32.88+0.86%37

Held by ETFs

FCEL is in 35 US ETFs. The largest of them, with FCEL's weight in each:

Spot a number that looks wrong? Check it in FCEL's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

2 of 2 free stocks used today

Keep analysing FCEL

Create a free account and get 14 days of Premium: every stock and every tool.

  • Unlimited stocks
  • Stock screener
  • Portfolio tracker
  • Editable DCF
  • Compare side by side
  • Unlimited alerts

No card. Moves to Free after, unless you upgrade.

Already have an account?

Or come back tomorrow. Stocks on your watchlist are always free to view.

SectorsPrivacyTerms© 2026 Intrinsiqq

Not financial advice. Analytical data for research only.

Intrinsiqq is a Netherlands-based company operating in Rotterdam, KvK 73238007.