FuelCell Energy FCEL Business Segments
| TTM Q2 '26 | TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Product | ||||||
| Advanced Technologies | $19.81M-20.3% | $19.2M-30.6% | $20.62M-22.2% | $21.47M-12.1% | $24.84M+21.4% | |
| Electricity Generation | $44.21M-9.5% | $47.66M-6.2% | $48.01M-3.9% | $47.79M+2.7% | $48.83M+10.7% | |
| Service | $17.77M+4.7% | $21.74M+113% | $20.4M+105% | $18.69M+325% | $16.98M+32.3% | |
| Revenue Remaining Performance Obligation by Product | ||||||
| Advanced Technologies | $22.8M-39.7% | $25.8M-41.5% | $30.1M-43.2% | $34M-42.1% | $37.8M— | |
| Electricity Generation | $1.49B+11.7% | $1.51B+16.8% | $1.52B+21.6% | $1.32B+15.6% | $1.34B— | |
| Service | $646.6M-28.5% | $655.6M-25.9% | $668.5M-21.6% | $895.1M— | $904.1M— | |
| Cost of Goods Sold by Product | ||||||
| Advanced Technologies | $13.58M-23.3% | $13.99M-24.2% | $15.12M-13.7% | $15.72M+2.6% | $17.71M+33.4% | |
| Electricity Generation | $66.41M-6.8% | $62.77M-15.5% | $63.97M-19.9% | $67.82M-6.9% | $71.25M-0.4% | |
| Service | $18.21M-2.5% | $23.79M+119% | $22.63M+104% | $21.17M+146% | $18.68M+9.5% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does FuelCell Energy break its business down?
- FuelCell Energy (FCEL) reports revenue by product across 3 parts — Advanced Technologies, Electricity Generation and Service. Each is extracted from the segment footnotes and tracked over time.
- Where does FuelCell Energy's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in FuelCell Energy's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
