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FuelCell Energy FCEL Noncontrolling interests in subsidiaries

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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$1.63B+1,661%
Enterprise value$1.29B-2,549%
P/S9.7×+9.1×

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×
Current ratio8.6×+3.0×

Where this comes from

Reported directly by FuelCell Energy in its filing.

Tagged under the XBRL concept us-gaap:MinorityInterest.

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

Filed
Jun 8, 2026, 7:40 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-071183
Line itemApril 30, 2026October 31, 2025
Accumulated deficit(1,930,216)(1,829,449)
Accumulated other comprehensive loss(1,810)(1,695)
Treasury stock, Common, at cost (57,681 and 44,913 shares as of April 30, 2026and October 31, 2025, respectively)(1,502)(1,406)
Deferred compensation1,5021,406
Total stockholders’ equity719,430662,179
Noncontrolling interests9,0829,105
Total equity728,512671,284
Total liabilities, redeemable Series B preferred stock and total equity$1,003,380$932,146

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is FuelCell Energy's noncontrolling interests in subsidiaries?
FuelCell Energy (FCEL) reported noncontrolling interests in subsidiaries of $9.08M in Q1 2026.
How has FuelCell Energy's noncontrolling interests in subsidiaries changed year-over-year?
FuelCell Energy's noncontrolling interests in subsidiaries decreased by 7.0% year-over-year, from $9.76M to $9.08M.
What is the long-term trend for FuelCell Energy's noncontrolling interests in subsidiaries?
Over 3 years (2022 to 2025), FuelCell Energy's noncontrolling interests in subsidiaries has grown at a 8.6% compound annual growth rate (CAGR), from $7.11M to $9.11M.
What does noncontrolling interests in subsidiaries mean?
This represents the portion of a subsidiary's net assets that is owned by outside shareholders rather than the parent company. It is reported within equity to show the total value of the subsidiary's assets and liabilities that are not attributable to the parent. It reflects the non-controlling stake in consolidated entities.

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