FuelCell Energy FCEL Ratios & Valuation
| TTM Q2 '26 | TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | -18.2%+6.3pp | -15.9%+9.7pp | -16.7%+15.3pp | -20.1%+10.9pp | -24.5%+8.2pp | |
| Operating margin | -135.7%-25.0pp | -109.5%+20.6pp | -121.6%+19.7pp | -134.5%+45.9pp | -110.7%+74.9pp | |
| Net margin | -132.4%-23.9pp | -107.5%+10.1pp | -118.8%-6.4pp | -130.8%+4.0pp | -108.5%+13.9pp | |
| Returns | ||||||
| Return on equity | -33.5%-11.0pp | -27.4%-6.7pp | -28.5%-9.7pp | -32.4%-15.7pp | -22.5%-5.8pp | |
| Return on invested capital | -50.9%-22.8pp | -38%-6.7pp | -40.6%-8.5pp | -43.2%-11.0pp | -28.1%+7.2pp | |
| Efficiency | ||||||
| Asset turnover | 0.2×0.0× | 0.2×+0.1× | 0.2×+0.1× | 0.2×+0.1× | 0.1×0.0× | |
| Liquidity | ||||||
| Current ratio | 8.6×+3.0× | 8×+1.6× | 6.6×+0.6× | 5.4×-1.5× | 5.6×-0.9× | |
| Leverage | ||||||
| Debt-to-equity | 0×0.0× | 0×0.0× | 0×0.0× | 0.1×0.0× | 0×0.0× | |
| Per Share | ||||||
| Book value per share | $13.27-52.7% | $14.41-53.5% | $25.72-35.4% | $22.76-43.5% | $28.02-33.9% | |
| Valuation | ||||||
| Market capitalization | $1.46B+973% | $390.96M+149% | $289.04M+51.1% | $113.04M-55.1% | $81.4M-80.6% | |
| Price / sales | 8.7×+7.6× | 2.3×+0.9× | 1.8×+0.1× | 0.7×-2.2× | 0.6×-4.2× | |
| Price / book | 2×+1.8× | 0.6×+0.3× | 0.4×+0.1× | 0.2×-0.2× | 0.1×-0.5× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
