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FuelCell Energy FCEL Return on invested capital

Return on invested capital at other companies

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24.7%+18.5pp
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-11.9%
SLD
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-25.7%-0.3pp
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67.8%+24.2pp
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NET PowerNPWR
-656%-1,291pp

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
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

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 return on invested capital?
FuelCell Energy (FCEL) reported return on invested capital of -50.9% in Q1 2026.
How has FuelCell Energy's return on invested capital changed year-over-year?
FuelCell Energy's return on invested capital decreased by 81.4% year-over-year, from -28.1% to -50.9%.
What is the long-term trend for FuelCell Energy's return on invested capital?
Over 5 years (2020 to 2025), FuelCell Energy's return on invested capital has grown at a -1.9% compound annual growth rate (CAGR), from -44.7% to -40.6%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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