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FuelCell Energy, Inc. (FCEL)
NASDAQ: FCEL · Real-Time Price · USD
16.57
-1.19 (-6.70%)
At close: Sep 9, 2026, 4:00 PM EDT
16.71
+0.14 (0.84%)
After-hours: Sep 9, 2026, 7:58 PM EDT

FuelCell Energy Financials Overview

Millions USD. Fiscal year is Nov - Oct.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Oct '25 Oct '24 Oct '23 Oct '22 Oct '21
Revenue
154.14158.16112.13123.39130.4869.59
Revenue Growth
1.09%41.05%-9.13%-5.43%87.52%-1.81%
Gross Profit
-49.92-26.41-34.65-8.16-27.79-10.62
Operating Income
-135.56-121.23-154.66-133.71-141.94-59.88
Net Income
-178.3-191.1-129.21-110.77-145.92-104.26
Earnings Per Share
-3.41-7.42-7.83-7.92-11.43-9.34
EPS Growth
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Revenue by Geography
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Oct '25 Oct '24 Oct '23 Oct '22 Oct '21
United States
63.6382.486.9663.2960.2958.39
South Korea
89.9975.2222.8458.4368.348.16
Europe
0.410.431.921.671.85-
Canada
0.110.120.42--3.03
Total
154.14158.16112.13123.39130.4869.59

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Oct '25 Oct '24 Oct '23 Oct '22 Oct '21
Cash & Investments
658.08278.1257.26353.71458.06432.21
Total Debt
166.23132.53141.36129.0690.696.83
Net Cash (Debt)
491.86145.57115.89224.65367.46335.38
Net Cash Growth
1115.18%25.61%-48.41%-38.86%9.56%-
Net Cash Per Share
9.405.657.0216.0628.7730.06

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Oct '25 Oct '24 Oct '23 Oct '22 Oct '21
Operating Cash Flow
-96.3-125.29-152.91-140.25-112.17-70.44
Capital Expenditures
-16.93-22.54-59.55-92.36-46.65-73.23
Free Cash Flow
-113.23-147.83-212.46-232.61-158.82-143.67
Free Cash Flow Growth
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Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Oct '25 Oct '24 Oct '23 Oct '22 Oct '21
Gross Margin
-32.39%-16.70%-30.90%-6.61%-21.30%-15.25%
Operating Margin
-87.95%-76.65%-137.93%-108.36%-108.78%-86.05%
Pretax Margin
-115.70%-120.91%-139.79%-87.10%-112.21%-145.18%
Profit Margin
-115.68%-120.83%-115.23%-89.77%-111.83%-149.82%
FCF Margin
-73.46%-93.47%-189.47%-188.51%-121.71%-206.46%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Oct '25 Oct '24 Oct '23 Oct '22 Oct '21
PS Ratio
8.601.831.713.989.7042.10