What are FuelCell Energy's profit margins?

FuelCell Energy (FCEL) runs a -18.2% gross margin and a -135.7% operating margin, with a -132.4% net margin.

Where do FuelCell Energy's ratios come from?

Every ratio is computed from FuelCell Energy's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

FuelCell Energy FCEL Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	-16.7%+15.3pp	-32%-23.5pp	-8.5%+14.1pp	-22.7%-0.2pp
Operating margin	-121.6%+19.7pp	-141.3%-31.1pp	-110.3%-0.1pp	-110.1%-16.9pp
Net margin	-118.8%-6.4pp	-112.4%-25.2pp	-87.2%+22.2pp	-109.4%+35.8pp
Returns
Return on equity	-28.5%-9.7pp	-18.8%-3.1pp	-15.7%+5.8pp	-21.5%+2.6pp
Return on invested capital	-40.6%-8.5pp	-32.1%+6.8pp	-38.9%+21.3pp	-60.2%-17.8pp
Efficiency
Asset turnover	0.2×+0.1×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Liquidity
Current ratio	6.6×+0.6×	6×-1.2×	7.2×+0.5×	6.8×-3.5×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Per Share
Book value per share	$25.72-35.4%	$39.80-18.4%	$48.78-9.0%	$53.59+2,692%
Valuation
Market capitalization	$1.33B+878%	$191.27M-61.1%	$491.18M-61.2%	$1.27B-56.8%
Price / sales	7.9×+6.9×	1.7×-2.3×	4×-5.7×	9.7×-32.4×
Price / book	1.8×+1.6×	0.3×-0.4×	0.7×-1.1×	1.8×-2.7×

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Questions, answered.

What are FuelCell Energy's profit margins?: FuelCell Energy (FCEL) runs a -18.2% gross margin and a -135.7% operating margin, with a -132.4% net margin.
Where do FuelCell Energy's ratios come from?: Every ratio is computed from FuelCell Energy's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.