What is FuelCell Energy's capex?

FuelCell Energy (FCEL) reported capex of $1.7M in Q1 2026.

How has FuelCell Energy's capex changed year-over-year?

FuelCell Energy's capex decreased by 67.7% year-over-year, from $5.28M to $1.7M.

What is the long-term trend for FuelCell Energy's capex?

Over 4 years (2021 to 2025), FuelCell Energy's capex has grown at a 30.8% compound annual growth rate (CAGR), from $6.35M to $18.6M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

FuelCell Energy FCEL CapEx

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Other financials

Income statement

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Revenue$35.6M-4.9%

Gross profit-$12.9M-37.0%

Operating income-$77.9M-118%

Net income-$77.9M-105%

EPS (diluted)-$1.45+19.0%

Balance sheet

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Cash & equivalents$373.2M+222%

Total debt$30.2M+14.7%

Total equity$719.4M+18.1%

Total assets$1.0B+13.5%

Cash flow

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Operating cash flow-$27.3M+8.7%

Free cash flow-$29.0M+17.5%

Valuation

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Market cap$1.46B+746%

Enterprise value$1.11B+4,228%

P/S8.7×+7.3×

Profitability

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Gross margin-18.2%-3.7pp

Operating margin-135.7%+39.6pp

Net margin-132.4%+37.4pp

FCF margin-71.3%-22.3pp

Returns & leverage

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Return on equity-33.5%+31.9pp

Debt / equity0×0.0×

Current ratio8.6×+3.0×

Where this comes from

Reported directly by FuelCell Energy in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireProductiveAssets.

The official record: FuelCell Energy’s 10-Q, filed June 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FuelCell Energy's capex?: FuelCell Energy (FCEL) reported capex of $1.7M in Q1 2026.
How has FuelCell Energy's capex changed year-over-year?: FuelCell Energy's capex decreased by 67.7% year-over-year, from $5.28M to $1.7M.
What is the long-term trend for FuelCell Energy's capex?: Over 4 years (2021 to 2025), FuelCell Energy's capex has grown at a 30.8% compound annual growth rate (CAGR), from $6.35M to $18.6M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.