◆ TICKERBASE · GLOBAL STOCK FINANCIAL DATA LIBRARY

Home › All stocks › F › FCEL

FuelCell Energy Inc (FCEL) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

INDUSTRIALS · ELECTRICAL EQUIPMENT & PARTS · DATA UPDATED 2026-09-16

FuelCell Energy Inc (FCEL) operates in the ELECTRICAL EQUIPMENT & PARTS industry and is headquartered in Danbury, United States with about 424 employees. Its market capitalization is roughly $1 billion. In the fiscal year ended 2025-10-31, FCEL reported $158M in revenue and ($188M) in net income.

FuelCell Energy, Inc., together with its subsidiaries, engages in the design, development, production, construction, operation, and servicing of high temperature fuel cells for clean electric power generation.

Interactive charts & full statements → Open the FCEL valuation workbench →

FCEL Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-07-31	2025-10-31	2024-10-31	2023-10-31	2022-10-31	2021-10-31	2020-10-31	2019-10-31	2018-10-31	2017-10-31	2016-10-31	2015-10-31	2014-10-31	2013-10-31	2012-10-31	2011-10-31	2010-10-31	2009-10-31	2008-10-31	2007-10-31	2006-10-31
Total Revenue	$155M	$158M	$112M	$123M	$130M	$70M	$71M	$61M	$89M	$96M	$108M	$163M	$180M	$188M	$121M	$123M	$70M	$88M	$101M	$48M	$33M
Gross Profit	($51M)	($26M)	($36M)	($11M)	($30M)	($16M)	($8M)	($21M)	$3M	$3M	$0M	$13M	$14M	$7M	$0M	($13M)	($19M)	($30M)	($49M)	($27M)	($39M)
Gross Margin %	-32.9%	-16.7%	-32.0%	-8.5%	-22.7%	-22.5%	-10.9%	-35.0%	3.5%	2.9%	-0.3%	7.8%	7.6%	3.8%	0.4%	-10.3%	-26.7%	-34.4%	-49.0%	-56.0%	-115.9%
Operating Income (EBIT)	($108M)	($121M)	($156M)	($136M)	($144M)	($65M)	($39M)	($67M)	($45M)	($45M)	($46M)	($29M)	($27M)	($30M)	($32M)	($46M)	($54M)	($67M)	($93M)	($73M)	($81M)
Operating Margin %	-69.7%	-76.6%	-139.1%	-110.3%	-110.1%	-93.3%	-55.3%	-110.2%	-49.9%	-47.0%	-42.8%	-17.7%	-15.2%	-15.9%	-26.6%	-37.3%	-77.9%	-76.1%	-92.1%	-151.7%	-243.4%
Net Income	($176M)	($188M)	($126M)	($108M)	($143M)	($101M)	($89M)	($78M)	($47M)	($54M)	($51M)	($29M)	($38M)	($34M)	($35M)	($46M)	($53M)	($69M)	($93M)	($69M)	($76M)
Net Margin %	-113.5%	-118.8%	-112.4%	-87.2%	-109.4%	-145.2%	-125.7%	-127.7%	-52.9%	-56.3%	-47.1%	-18.0%	-21.1%	-18.3%	-29.4%	-37.3%	-76.4%	-78.7%	-92.7%	-142.4%	-228.6%
EBITDA	($130M)	($140M)	($111M)	($75M)	($119M)	($74M)	($54M)	($55M)	($33M)	($37M)	($41M)	($22M)	($30M)	($27M)	($28M)	($36M)	($49M)	($60M)	($83M)	($64M)	($72M)
Earnings Per Share (EPS)	$-3.38	$-7.30	$-5.77	$-3.08	$-4.47	$-3.62	$-4.82	$-1.41	$-6.86	$-12.96	$-20.54	$-14.37	$-22.35	$-26.52	$-30.89	$-52.87	$-53.00	$-69.00	$-196.05	$-159.53	$-214.69
Shares Outstanding (M)	70M	26M	22M	35M	32M	28M	18M	55M	7M	4M	2M	2M	2M	1M	1M	1M	1M	1M	0M	0M	0M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FCEL Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-07-31	2026-04-30	2026-01-31	2025-10-31	2025-07-31	2025-04-30	2025-01-31	2024-10-31
Total Revenue	$33M	$36M	$31M	$55M	$47M	$37M	$19M	$49M
Gross Profit	($25M)	($13M)	($6M)	($7M)	($5M)	($9M)	($5M)	($11M)
Gross Margin %	-74.2%	-36.3%	-19.2%	-12.0%	-11.0%	-25.2%	-27.4%	-22.1%
Operating Income (EBIT)	($47M)	($78M)	($26M)	$43M	($95M)	($36M)	($33M)	($41M)
Operating Margin %	-141.4%	-218.9%	-86.1%	77.8%	-204.0%	-95.7%	-172.9%	-83.2%
Net Income	($44M)	($78M)	($24M)	($30M)	($92M)	($38M)	($29M)	($41M)
Net Margin %	-134.7%	-218.1%	-77.5%	-54.3%	-196.1%	-101.7%	-153.3%	-84.0%
EBITDA	($33M)	($67M)	($13M)	($17M)	($80M)	($24M)	($20M)	($28M)
Earnings Per Share (EPS)	$-0.63	$-1.43	$-0.49	$-0.83	$-3.75	$-1.75	$-1.42	$-1.90
Shares Outstanding (M)	70M	54M	48M	36M	24M	22M	21M	22M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FCEL Free Cash Flow History

Cash flow	TTM → 2026-07-31	2025-10-31	2024-10-31	2023-10-31	2022-10-31	2021-10-31	2020-10-31	2019-10-31	2018-10-31	2017-10-31	2016-10-31	2015-10-31	2014-10-31	2013-10-31	2012-10-31	2011-10-31	2010-10-31	2009-10-31	2008-10-31	2007-10-31	2006-10-31
Cash from Operations (CFO)	($96M)	($125M)	($153M)	($140M)	($112M)	($70M)	($37M)	($31M)	$16M	($72M)	($47M)	($44M)	($57M)	($17M)	($59M)	($8M)	($35M)	($65M)	($61M)	($56M)	($48M)
Capital Expenditures (CapEx)	$12M	$23M	$60M	$92M	$47M	$73M	$32M	$34M	$51M	$32M	$8M	$7M	$6M	$7M	$4M	$3M	$2M	$3M	$7M	$4M	$11M
Free Cash Flow (FCF)	($108M)	($148M)	($212M)	($233M)	($159M)	($144M)	($69M)	($64M)	($35M)	($104M)	($54M)	($51M)	($64M)	($23M)	($63M)	($12M)	($37M)	($68M)	($69M)	($60M)	($60M)
FCF Margin %	-69.7%	-93.5%	-189.5%	-188.5%	-121.7%	-206.5%	-96.9%	-106.0%	-39.1%	-108.6%	-50.2%	-31.4%	-35.4%	-12.4%	-52.3%	-9.7%	-53.7%	-77.0%	-68.3%	-125.2%	-179.3%
Dividends Paid	$4M	$3M	$3M	$3M	$3M	$3M	$6M	$2M	$4M	$4M	$4M	$4M	$4M	$4M	$8M	$15M	$4M	$4M	$4M	$4M	$9M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FCEL Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-07-31	2026-04-30	2026-01-31	2025-10-31	2025-07-31	2025-04-30	2025-01-31	2024-10-31
Cash from Operations (CFO)	($12M)	($27M)	($34M)	($23M)	($27M)	($30M)	($46M)	$6M
Capital Expenditures (CapEx)	$7M	$1M	$3M	$1M	$9M	$5M	$7M	$11M
Free Cash Flow (FCF)	($19M)	($28M)	($37M)	($24M)	($36M)	($35M)	($53M)	($5M)
FCF Margin %	-58.7%	-78.1%	-120.9%	-43.6%	-76.4%	-93.8%	-279.4%	-9.7%
Dividends Paid	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FCEL Balance Sheet History

Balance sheet	2026-07-31	2025-10-31	2024-10-31	2023-10-31	2022-10-31	2021-10-31	2020-10-31	2019-10-31	2018-10-31	2017-10-31	2016-10-31	2015-10-31	2014-10-31	2013-10-31	2012-10-31	2011-10-31	2010-10-31	2009-10-31	2008-10-31	2007-10-31	2006-10-31
Total Assets	$1.3B	$932M	$944M	$956M	$940M	$875M	$524M	$333M	$340M	$384M	$342M	$277M	$281M	$238M	$191M	$184M	$151M	$163M	$185M	$253M	$207M
Cash & Cash Equivalents	$658M	$278M	$148M	$250M	$458M	$432M	$150M	$9M	$39M	$49M	$84M	$59M	$84M	$68M	$47M	$51M	$20M	$58M	$38M	$93M	$26M
Total Liabilities	$328M	$201M	$217M	$195M	$185M	$170M	$269M	$198M	$163M	$195M	$168M	$123M	$122M	$191M	$118M	$198M	$143M	$116M	$125M	$107M	$95M
Total Debt (Short + Long-Term)	$166M	$132M	$148M	$130M	$97M	$90M	$173M	$112M	$89M	$92M	$87M	$32M	$24M	$64M	$22M	$9M	$5M	$5M	$5M	$1M	$1M
Total Shareholders' Equity	$975M	$722M	$717M	$742M	$744M	$702M	$254M	$136M	$177M	$189M	$174M	$155M	$160M	$47M	$74M	($14M)	$8M	$31M	$47M	$134M	$101M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive FCEL viewer.

Other Companies in ELECTRICAL EQUIPMENT & PARTS

ATKR · Atkore International Group Inc — $3 billion
PLUG · Plug Power Inc — $3 billion
HAYW · Hayward Holdings Inc — $3 billion
PLPC · Preformed Line Products Company — $2 billion
EOSE · Eos Energy Enterprises Inc — $1 billion
AMPX · Amprius Technologies Inc. — $1 billion
TE · T1 Energy Inc. — $1 billion
ADSE · Ads Tec Energy PLC — $872 million

← FCEF All “F” companies FCEU →

About TickerBase · Data methodology & sources · Privacy · Terms

TickerBase is provided for educational and informational purposes only. It does not constitute financial, investment, tax, or legal advice, or a recommendation to buy, sell, or hold any security. No price targets are published; any per-share value shown in the valuation workbench is generated entirely from reader-supplied assumptions and is not the publisher's view of fair value. Past performance does not predict future results. Figures are approximate and drawn from public filings; one-time items are noted where identified. Do your own research and consult a licensed professional before making any investment decision. The author may or may not hold positions in the securities discussed.