FUELCELL ENERGY INC (FCEL)

17.76 -8.07% (-1.56)

Over 5Y: -90.5%

2026-08-28
100 200 300
2021 2022 2023 2024 2025 2026

Financials Quarterly

Q3 '23 — Revenue: 25.5M Q3 '23 — Operating Cash Flow: -35.8M Q3 '23 — Free Cash Flow: -47M Q3 '23 — Net Income: -24.3M Q4 '23 — Revenue: 22.5M Q4 '23 — Operating Cash Flow: -15.8M Q4 '23 — Free Cash Flow: -27.1M Q4 '23 — Net Income: -30.4M Q1 '24 — Revenue: 16.7M Q1 '24 — Operating Cash Flow: -58.3M Q1 '24 — Free Cash Flow: -68.8M Q1 '24 — Net Income: -19.8M Q2 '24 — Revenue: 22.4M Q2 '24 — Operating Cash Flow: -37.1M Q2 '24 — Free Cash Flow: -50.3M Q2 '24 — Net Income: -32.1M Q3 '24 — Revenue: 23.7M Q3 '24 — Operating Cash Flow: -63.4M Q3 '24 — Free Cash Flow: -76.8M Q3 '24 — Net Income: -32.7M Q4 '24 — Revenue: 49.3M Q4 '24 — Operating Cash Flow: 5.8M Q4 '24 — Free Cash Flow: -4.7M Q4 '24 — Net Income: -41.4M Q1 '25 — Revenue: 19M Q1 '25 — Operating Cash Flow: -45.7M Q1 '25 — Free Cash Flow: -52.8M Q1 '25 — Net Income: -28.3M Q2 '25 — Revenue: 37.4M Q2 '25 — Operating Cash Flow: -29.9M Q2 '25 — Free Cash Flow: -35.2M Q2 '25 — Net Income: -38M Q3 '25 — Revenue: 46.7M Q3 '25 — Operating Cash Flow: -26.8M Q3 '25 — Free Cash Flow: -32.1M Q3 '25 — Net Income: -91.7M Q4 '25 — Revenue: 55M Q4 '25 — Operating Cash Flow: -22.9M Q4 '25 — Free Cash Flow: -23.9M Q4 '25 — Net Income: -29.9M Q1 '26 — Revenue: 30.5M Q1 '26 — Operating Cash Flow: -33.9M Q1 '26 — Free Cash Flow: -34.7M Q1 '26 — Net Income: -22.9M Q2 '26 — Revenue: 35.6M Q2 '26 — Operating Cash Flow: -27.3M Q2 '26 — Free Cash Flow: -29M Q2 '26 — Net Income: -77.9M -90M -60M -30M 0 30M 60M
Q4 '23 Q2 '24 Q4 '24 Q2 '25 Q4 '25 Q2 '26
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2026-04-30, reported in USD. The newest fact in the filings is dated 2026-04-30, 122 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

2.1
OE margin -76.7%
Oper. margin -135.7%
ROIC -42.9%
Accruals -11.1%
EBITDA margin -111.4%
FCF margin -71.3%
Gross margin -18.2%
OCF margin -66.1%
Profit margin -132.4%
ROA -22.2%
ROCE -24.2%
ROE -30.9%
OCF / EBIT —

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

2.0
RPO / sales 0.026×
RPO growth -34.7%
Segment HHI —

4 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

6.5
ND/EBITDA —
Interest cover -21.0×
Cash / Debt 3.2×
Debt payback 0.0 yr
Quick ratio 7.2×
Debt / Eq 0.19×
Cash runway 2.5 yr
F-score 5.0 pts
Payout —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

1.9
Sales CAGR 4Y +22.8%
Sales/sh Y/Y -16.9%
Div. growth +30.1%
Sales Q/Q -4.9%
Shares change +56.0%
EBIT CAGR —
EBIT Y/Y —
EPS CAGR 4Y —
EPS Y/Y —
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.