Skip to main content
logo
FuelCell Energy, Inc. (FCEL)
NASDAQ: FCEL · Real-Time Price · USD
21.61
-2.01 (-8.51%)
At close: Jul 31, 2026, 4:00 PM EDT
21.60
-0.01 (-0.05%)
After-hours: Jul 31, 2026, 5:30 PM EDT

FuelCell Energy Financials Overview

Millions USD. Fiscal year is Nov - Oct.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingApr '26 Oct '25 Oct '24 Oct '23 Oct '22 Oct '21
Revenue
167.88158.16112.13123.39130.4869.59
Revenue Growth
29.71%41.05%-9.13%-5.43%87.52%-1.81%
Gross Profit
-30.55-26.41-35.92-10.54-29.58-15.64
Operating Income
-227.89-192.35-158.49-136.08-143.72-64.9
Net Income
-225.49-191.1-129.21-110.77-145.92-104.26
Earnings Per Share
-6.57-7.42-7.83-7.92-11.43-9.30
EPS Growth
------

Revenue by Geography
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingApr '26 Oct '25 Oct '24 Oct '23 Oct '22 Oct '21
United States
7182.486.9663.2960.2958.39
South Korea
96.3975.2222.8458.4368.348.16
Europe
0.390.431.921.671.85-
Canada
0.110.120.42--3.03
Total
167.88158.16112.13123.39130.4869.59

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingApr '26 Oct '25 Oct '24 Oct '23 Oct '22 Oct '21
Cash & Investments
389.74294.7269.42358.87462.48443.48
Total Debt
159.7143.96156.48139.25104.2997.84
Net Cash (Debt)
230.04150.74112.94219.63358.19345.64
Net Cash Growth
493.10%33.47%-48.58%-38.69%3.63%-
Net Cash Per Share
5.645.866.8415.7028.0530.98

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingApr '26 Oct '25 Oct '24 Oct '23 Oct '22 Oct '21
Operating Cash Flow
-110.93-125.29-152.91-140.25-112.17-70.44
Capital Expenditures
-18.65-22.54-59.55-92.36-46.65-73.23
Free Cash Flow
-129.58-147.83-212.46-232.61-158.82-143.67
Free Cash Flow Growth
------

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingApr '26 Oct '25 Oct '24 Oct '23 Oct '22 Oct '21
Gross Margin
-18.20%-16.70%-32.03%-8.54%-22.67%-22.47%
Operating Margin
-135.75%-121.62%-141.34%-110.28%-110.15%-93.27%
Pretax Margin
-133.97%-120.91%-139.79%-87.10%-112.21%-145.18%
Profit Margin
-133.98%-121.00%-139.82%-87.57%-112.83%-145.18%
FCF Margin
-77.18%-93.47%-189.47%-188.51%-121.71%-206.46%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Oct '25 Oct '24 Oct '23 Oct '22 Oct '21
PS Ratio
10.442.611.883.989.7042.10