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FUELCELL ENERGY INC FCEL

Nasdaq · stock · Electrical Industrial Apparatus · website · IPO 1992-06-25 · LEI

FUELCELL ENERGY INC statistics & valuation

Market cap$1.6B
P / S10.3×
P / B2.4×
Net margin-118.8%
Return on equity-28.0%
Return on capital-22.3%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-47.10% -56.30% -52.90% -127.70% -125.70% -145.20% -109.40% -87.20% -112.40% -118.80% 2016201720182019202020212022202320242025
Gross margin (%)
-0.30% 2.90% 3.50% -35.00% -10.90% 2016201720182019202020212022202320242025
Operating margin (%)
-42.80% -47.00% -49.90% -110.20% -55.30% -93.30% -110.10% -110.30% -141.30% -121.60% 2016201720182019202020212022202320242025
Return on equity (%)
-44.50% -53.20% -57.60% -102.40% -45.80% -15.70% -20.60% -15.40% -18.90% -28.00% 2016201720182019202020212022202320242025
Shares outstanding
140.7M 139.0M 15.9M 387.2M 589.4M 733.2M 811.1M 30.0M 40.8M 46.1M 2016201720182019202020212022202320242025
Net debt ($)
-$2.4M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-15.00% -14.00% -13.90% -23.30% -17.00% -11.50% -15.20% -11.30% -13.30% -20.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.71× 2016201720182019202020212022202320242025
EPS ($)
-$0.46 -$6.87 -$4.50 -$0.91 -$0.21 -$0.15 -$5.71 -$3.96 -$3.92 -$7.42 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin—————-10.9%-35.0%3.5%2.9%-0.3%
Operating margin-121.6%-141.3%-110.3%-110.1%-93.3%-55.3%-110.2%-49.9%-47.0%-42.8%
Net margin-118.8%-112.4%-87.2%-109.4%-145.2%-125.7%-127.7%-52.9%-56.3%-47.1%
Return on assets-20.2%-13.3%-11.3%-15.2%-11.5%-17.0%-23.3%-13.9%-14.0%-15.0%
Return on equity-28.0%-18.9%-15.4%-20.6%-15.7%-45.8%-102.4%-57.6%-53.2%-44.5%
Debt / equity—————————0.71×
Current ratio6.636.017.236.7610.303.971.342.172.073.89

Computed from company filings · US · as of 2025-10-31. Facts plus Stocktoria's own computed scores — not investment advice.