What is FuelCell Energy's current ratio?

FuelCell Energy (FCEL) reported current ratio of 8.6× in Q1 2026.

How has FuelCell Energy's current ratio changed year-over-year?

FuelCell Energy's current ratio increased by 52.8% year-over-year, from 5.6× to 8.6×.

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

Over 5 years (2020 to 2025), FuelCell Energy's current ratio has grown at a 10.8% compound annual growth rate (CAGR), from 4× to 6.6×.

What does current ratio mean?

Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

FuelCell Energy FCEL Current ratio

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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%

CapEx$1.7M-67.7%

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×

Where this comes from

Calculated from FuelCell Energy’s reported figures.

total current assets/total current liabilities=8.6×

Based on the most recent quarter.

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 current ratio?: FuelCell Energy (FCEL) reported current ratio of 8.6× in Q1 2026.
How has FuelCell Energy's current ratio changed year-over-year?: FuelCell Energy's current ratio increased by 52.8% year-over-year, from 5.6× to 8.6×.
What is the long-term trend for FuelCell Energy's current ratio?: Over 5 years (2020 to 2025), FuelCell Energy's current ratio has grown at a 10.8% compound annual growth rate (CAGR), from 4× to 6.6×.
What does current ratio mean?: Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.