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FuelCell Energy stock: key metrics
FCELFuelCell Energy had an operating margin of −76.6% and a return on invested capital (ROIC) of −15.7% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | −115.9% | −243.5% | −228.6% |
| 2007 | −56.0% | −151.6% | −142.4% |
| 2008 | −49.0% | −92.1% | −92.7% |
| 2009 | −34.3% | −76.1% | −78.7% |
| 2010 | −26.7% | −77.9% | −76.4% |
| 2011 | −10.3% | −37.3% | −37.3% |
| 2012 | 0.4% | −26.6% | −29.4% |
| 2013 | 3.8% | −15.9% | −18.3% |
| 2014 | 7.6% | −15.1% | −21.1% |
| 2015 | 7.8% | −17.7% | −18.0% |
| 2016 | −0.3% | −42.8% | −47.1% |
| 2017 | 2.9% | −47.0% | −56.3% |
| 2018 | 3.5% | −49.9% | −52.9% |
| 2019 | −35.0% | −110.2% | −127.7% |
| 2020 | −10.9% | −55.3% | −125.7% |
| 2021 | −22.5% | −93.3% | −145.2% |
| 2022 | −22.7% | −110.1% | −109.4% |
| 2023 | −8.5% | −110.3% | −87.2% |
| 2024 | −32.0% | −139.1% | −112.4% |
| 2025 | −16.7% | −76.6% | −118.8% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | −75.5% | −35.7% | −36.8% |
| 2007 | −51.2% | −29.5% | −27.1% |
| 2008 | −100.0% | −43.2% | −50.3% |
| 2009 | −100.0% | −42.5% | −42.6% |
| 2010 | −100.0% | −39.3% | −35.4% |
| 2011 | 200.0% | −42.0% | −24.9% |
| 2012 | −47.7% | −27.3% | −18.5% |
| 2013 | −72.4% | −63.0% | −14.5% |
| 2014 | −23.9% | −33.7% | −13.6% |
| 2015 | −18.9% | −22.2% | −10.6% |
| 2016 | −29.2% | −25.1% | −15.0% |
| 2017 | −28.5% | −17.4% | −14.0% |
| 2018 | −26.8% | −15.4% | −13.9% |
| 2019 | −57.2% | −22.7% | −23.3% |
| 2020 | −35.0% | −11.8% | −17.0% |
| 2021 | −14.4% | −15.6% | −11.5% |
| 2022 | −19.2% | −29.4% | −15.2% |
| 2023 | −14.5% | −22.7% | −11.3% |
| 2024 | −17.6% | −21.0% | −13.3% |
| 2025 | −26.0% | −15.7% | −20.2% |
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.