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FuelCell Energy stock: growth
FCELFuelCell Energy reported $158.16M in revenue for fiscal 2025, up 41% on the prior year, up 17.4% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
8.5%
per year from 2006 to 2025, per share −13.4%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 17.4% | −0.3% | 8.5% |
| Revenue per share | 8.9% | −23.4% | −13.4% |
| Earnings | no data | no data | no data |
| Earnings per share | no data | no data | no data |
| Free cash flow | no data | no data | no data |
| Free cash flow per share | no data | no data | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $33.29M | −$76.11M | −$59.7M |
| 2007 | $48.23M | −$68.67M | −$60.38M |
| 2008 | $100.74M | −$93.36M | −$68.78M |
| 2009 | $88.02M | −$69.29M | −$67.79M |
| 2010 | $69.78M | −$53.3M | −$37.47M |
| 2011 | $122.57M | −$45.71M | −$11.84M |
| 2012 | $120.6M | −$35.5M | −$63.11M |
| 2013 | $187.66M | −$34.36M | −$23.21M |
| 2014 | $180.29M | −$38.13M | −$63.76M |
| 2015 | $163.08M | −$29.36M | −$51.2M |
| 2016 | $108.25M | −$50.96M | −$54.32M |
| 2017 | $95.67M | −$53.9M | −$103.92M |
| 2018 | $89.44M | −$47.33M | −$34.94M |
| 2019 | $60.75M | −$77.57M | −$64.4M |
| 2020 | $70.87M | −$89.11M | −$68.69M |
| 2021 | $69.59M | −$101.03M | −$143.67M |
| 2022 | $130.48M | −$142.72M | −$158.82M |
| 2023 | $123.39M | −$107.57M | −$232.61M |
| 2024 | $112.13M | −$126.01M | −$212.46M |
| 2025 | $158.16M | −$187.9M | −$147.83M |
Revenue by region
Where FuelCell Energy, Inc. generates its revenue.
- United States78%
- South Korea20%
- Europe2%
- Other< 1%
“Other” combines smaller regions with revenue the company does not assign to a region.
Figures as a table
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Share 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| United States | $48.7M | $47.54M | $50.95M | $56.21M | $67.75M | $58.39M | $60.29M | $63.29M | $86.96M | 77.6% |
| South Korea | $52.01M | $44.22M | $36.28M | $2.69M | $2.06M | $8.16M | $68.34M | $58.43M | $22.84M | 20.4% |
| Europe | no data | no data | no data | no data | no data | no data | no data | $1.67M | $1.92M | 1.7% |
| Other | $7.55M | $3.91M | $2.21M | $1.86M | $1.06M | $3.03M | $1.85M | $0 | $0 | 0% |
| Total revenue | $108.25M | $95.67M | $89.44M | $60.75M | $70.87M | $69.59M | $130.48M | $123.39M | $112.13M | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Oct 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 31 Oct 2006)
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.