FuelCell Energy Inc (FCEL) stock
FCELNasdaqElectrical Industrial ApparatusFiscal year ends October 31Also trades as FCELB
$10.95+0.67 (+6.52%)
Close on Nov 11, 2026Market cap $875.50MP/E –Yield –
FuelCell Energy gross margin
Gross margin is gross profit as a percentage of revenue.
FuelCell Energy's gross margin for the twelve months ending Jul 31, 2026 was -32.4%. For fiscal 2025 it was -16.7%, against -32.0% the year before. The highest annual figure on record is 7.8% in fiscal 2015.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Oct 31, 2025 | -16.7% | +15.3 |
| FY2024 | Oct 31, 2024 | -32.0% | −23.5 |
| FY2023 | Oct 31, 2023 | -8.5% | +14.1 |
| FY2022 | Oct 31, 2022 | -22.7% | −0.2 |
| FY2021 | Oct 31, 2021 | -22.5% | −11.6 |
| FY2020 | Oct 31, 2020 | -10.9% | +24.1 |
| FY2019 | Oct 31, 2019 | -35.0% | −38.5 |
| FY2018 | Oct 31, 2018 | 3.5% | +0.6 |
| FY2017 | Oct 31, 2017 | 2.9% | +3.2 |
| FY2016 | Oct 31, 2016 | -0.3% | −8.2 |
| FY2015 | Oct 31, 2015 | 7.8% | +0.2 |
| FY2014 | Oct 31, 2014 | 7.6% | +3.8 |
| FY2013 | Oct 31, 2013 | 3.8% | +3.4 |
| FY2012 | Oct 31, 2012 | 0.4% | +10.7 |
| FY2011 | Oct 31, 2011 | -10.3% | +16.4 |
| FY2010 | Oct 31, 2010 | -26.7% | +7.4 |
| FY2009 | Oct 31, 2009 | -34.1% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
Periods
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026CQ2 2026 | Jul 31, 2026 | -74.2% | −63.3 |
| Q2 FY2026CQ1 2026 | Apr 30, 2026 | -36.3% | −11.1 |
| Q1 FY2026CQ4 2025 | Jan 31, 2026 | -19.2% | +8.2 |
| Q4 FY2025CQ3 2025 | Oct 31, 2025 | -12.1% | +10.1 |
| Q3 FY2025CQ2 2025 | Jul 31, 2025 | -11.0% | +15.2 |
| Q2 FY2025CQ1 2025 | Apr 30, 2025 | -25.2% | +6.3 |
| Q1 FY2025CQ4 2024 | Jan 31, 2025 | -27.4% | +42.9 |
| Q4 FY2024CQ3 2024 | Oct 31, 2024 | -22.1% | −15.6 |
| Q3 FY2024CQ2 2024 | Jul 31, 2024 | -26.2% | +6.0 |
| Q2 FY2024CQ1 2024 | Apr 30, 2024 | -31.6% | −15.7 |
| Q1 FY2024CQ4 2023 | Jan 31, 2024 | -70.2% | −84.4 |
| Q4 FY2023CQ3 2023 | Oct 31, 2023 | -6.5% | +32.2 |
| Q3 FY2023CQ2 2023 | Jul 31, 2023 | -32.2% | −22.5 |
| Q2 FY2023CQ1 2023 | Apr 30, 2023 | -15.9% | +28.7 |
| Q1 FY2023CQ4 2022 | Jan 31, 2023 | 14.1% | +23.2 |
| Q4 FY2022CQ3 2022 | Oct 31, 2022 | -38.7% | +21.3 |
| Q3 FY2022CQ2 2022 | Jul 31, 2022 | -9.7% | −13.8 |
| Q2 FY2022CQ1 2022 | Apr 30, 2022 | -44.6% | −10.5 |
| Q1 FY2022CQ4 2021 | Jan 31, 2022 | -9.1% | +15.2 |
| Q4 FY2021CQ3 2021 | Oct 31, 2021 | -60.0% | −12.7 |
| Q3 FY2021CQ2 2021 | Jul 31, 2021 | 4.1% | +20.8 |
| Q2 FY2021CQ1 2021 | Apr 30, 2021 | -34.1% | −35.0 |
| Q1 FY2021CQ4 2020 | Jan 31, 2021 | -24.3% | −44.5 |
| Q4 FY2020CQ3 2020 | Oct 31, 2020 | -47.3% | +164.5 |
| Q3 FY2020CQ2 2020 | Jul 31, 2020 | -16.7% | −51.8 |
| Q2 FY2020CQ1 2020 | Apr 30, 2020 | 0.9% | +40.4 |
| Q1 FY2020CQ4 2019 | Jan 31, 2020 | 20.2% | +32.6 |
| Q4 FY2019CQ3 2019 | Oct 31, 2019 | -211.8% | −218.2 |
| Q3 FY2019CQ2 2019 | Jul 31, 2019 | 35.1% | +52.0 |
| Q2 FY2019CQ1 2019 | Apr 30, 2019 | -39.5% | −36.5 |
| Q1 FY2019CQ4 2018 | Jan 31, 2019 | -12.4% | −24.4 |
| Q4 FY2018CQ3 2018 | Oct 31, 2018 | 6.4% | −0.2 |
| Q3 FY2018CQ2 2018 | Jul 31, 2018 | -17.0% | +8.4 |
| Q2 FY2018CQ1 2018 | Apr 30, 2018 | -3.0% | −4.9 |
| Q1 FY2018CQ4 2017 | Jan 31, 2018 | 12.0% | +1.3 |
| Q4 FY2017CQ3 2017 | Oct 31, 2017 | 6.6% | +8.5 |
| Q3 FY2017CQ2 2017 | Jul 31, 2017 | -25.4% | – |
| Q2 FY2017CQ1 2017 | Apr 30, 2017 | 1.9% | – |
| Q1 FY2017CQ4 2016 | Jan 31, 2017 | 10.7% | – |
| Q4 FY2016CQ3 2016 | Oct 31, 2016 | -1.9% | – |
See a number that looks wrong?