FuelCell Energy Inc (FCELB) revenue by segment
FCELBOTCElectrical Industrial ApparatusFiscal year ends October 31Also trades as FCEL
Financials through Q3 FY2026, quarter ended Jul 31, 2026Last filing: 10-Q on Sep 2, 2026Score 7/3053% below fair value
$488.00+23.00 (+4.95%)
Close on Oct 19, 2026Market cap $839.52MP/E –Yield –
FuelCell Energy Inc revenue by segment
By business segment
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Product | $69.13M | $25.68M | $19.59M | $60.00M | – | – | $481.00K | $52.49M | $43.05M | $62.56M | 43.7% | +169.2% |
| Generation | $48.01M | $49.98M | $37.51M | $36.19M | $24.03M | $19.94M | $14.03M | $7.17M | $7.23M | $1.27M | 30.4% | -3.9% |
| Advanced Technologies | $20.62M | $26.51M | $17.21M | $21.51M | $25.77M | $25.80M | $19.62M | $14.02M | $18.34M | $12.93M | 13.0% | -22.2% |
| Service | $20.40M | $9.97M | $49.08M | $12.79M | – | – | – | – | – | – | 12.9% | +104.6% |
| Service and License | – | – | $49.08M | $12.79M | $19.79M | $25.13M | $26.62M | $15.76M | $27.05M | $31.49M | – | – |
| Financial Service, Other [Member] | – | – | – | $12.80M | $19.80M | $20.40M | $15.10M | $13.50M | $24.40M | $26.60M | – | – |
By region
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $82.40M | $86.96M | $63.29M | $60.29M | $58.39M | $67.75M | $56.21M | $50.95M | $47.54M | $48.70M | 52.1% | -5.2% |
| South Korea | $75.22M | $22.84M | $58.43M | $68.34M | $8.16M | $2.06M | $2.69M | $36.28M | $44.22M | $52.01M | 47.6% | +229.4% |
| Europe | $428.00K | $1.92M | $1.67M | $1.85M | $3.03M | – | – | – | – | – | 0.3% | -77.7% |
| Canada | $115.00K | $415.00K | – | – | – | – | – | $23.00K | $729.00K | $124.00K | 0.1% | -72.3% |
| Germany | – | – | – | $1.11M | $2.66M | $414.00K | $359.00K | $1.80M | $2.74M | $7.15M | – | – |
| England | – | – | – | $740.00K | $143.00K | $25.00K | $1.50M | – | – | – | – | – |
| Switzerland | – | – | – | – | $230.00K | $623.00K | – | – | – | – | – | – |
| United Kingdom | – | – | – | – | – | $25.00K | $1.50M | $387.00K | $368.00K | $277.00K | – | – |
| Spain | – | – | – | – | – | – | – | – | $73.00K | $0 | – | – |
From the segment and revenue-disaggregation notes of FuelCell Energy's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.