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FuelCell Energy FCEL Free cash flow margin

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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$1.62B+1,516%
Enterprise value$1.28B-2,952%
P/S9.7×+9.0×

Profitability

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Gross margin-18.2%-3.7pp
Operating margin-135.7%+39.6pp
Net margin-132.4%+37.4pp

Returns & leverage

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Return on equity-33.5%+31.9pp
Debt / equity0.0×
Current ratio8.6×+3.0×

Where this comes from

Calculated from FuelCell Energy’s reported figures.

Based on trailing twelve months.

The source filing: FuelCell Energy’s 10-Q, filed June 8, 2026. Open the filing →

Filed
Jun 8, 2026, 7:40 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-071183

FAQ

What is FuelCell Energy's free cash flow margin?
FuelCell Energy (FCEL) reported free cash flow margin of -71.3% in Q1 2026.
How has FuelCell Energy's free cash flow margin changed year-over-year?
FuelCell Energy's free cash flow margin increased by 45.5% year-over-year, from -130.9% to -71.3%.
What is the long-term trend for FuelCell Energy's free cash flow margin?
Over 5 years (2020 to 2025), FuelCell Energy's free cash flow margin has grown at a 11.6% compound annual growth rate (CAGR), from -52.4% to -91%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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