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 operating margin
Operating margin is operating income as a percentage of revenue.
FuelCell Energy's operating margin for the twelve months ending Jul 31, 2026 was -116.3%. For fiscal 2025 it was -121.6%, against -141.3% the year before. The highest annual figure on record is -15.1% in fiscal 2014.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Oct 31, 2025 | -121.6% | +19.7 |
| FY2024 | Oct 31, 2024 | -141.3% | −31.1 |
| FY2023 | Oct 31, 2023 | -110.3% | −0.1 |
| FY2022 | Oct 31, 2022 | -110.1% | −16.9 |
| FY2021 | Oct 31, 2021 | -93.3% | −38.0 |
| FY2020 | Oct 31, 2020 | -55.3% | +54.9 |
| FY2019 | Oct 31, 2019 | -110.2% | −60.3 |
| FY2018 | Oct 31, 2018 | -49.9% | −2.9 |
| FY2017 | Oct 31, 2017 | -47.0% | −4.2 |
| FY2016 | Oct 31, 2016 | -42.8% | −25.1 |
| FY2015 | Oct 31, 2015 | -17.7% | −2.6 |
| FY2014 | Oct 31, 2014 | -15.1% | +0.7 |
| FY2013 | Oct 31, 2013 | -15.9% | +10.8 |
| FY2012 | Oct 31, 2012 | -26.6% | +10.6 |
| FY2011 | Oct 31, 2011 | -37.3% | +40.6 |
| FY2010 | Oct 31, 2010 | -77.9% | −2.5 |
| FY2009 | Oct 31, 2009 | -75.4% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
Periods
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026CQ2 2026 | Jul 31, 2026 | -141.4% | +62.6 |
| Q2 FY2026CQ1 2026 | Apr 30, 2026 | -218.9% | −123.2 |
| Q1 FY2026CQ4 2025 | Jan 31, 2026 | -86.1% | +86.8 |
| Q4 FY2025CQ3 2025 | Oct 31, 2025 | -51.5% | +31.7 |
| Q3 FY2025CQ2 2025 | Jul 31, 2025 | -204.0% | −62.1 |
| Q2 FY2025CQ1 2025 | Apr 30, 2025 | -95.7% | +88.7 |
| Q1 FY2025CQ4 2024 | Jan 31, 2025 | -172.9% | +81.6 |
| Q4 FY2024CQ3 2024 | Oct 31, 2024 | -83.2% | +78.8 |
| Q3 FY2024CQ2 2024 | Jul 31, 2024 | -141.9% | +20.4 |
| Q2 FY2024CQ1 2024 | Apr 30, 2024 | -184.5% | −91.0 |
| Q1 FY2024CQ4 2023 | Jan 31, 2024 | -254.5% | −193.9 |
| Q4 FY2023CQ3 2023 | Oct 31, 2023 | -161.9% | −53.1 |
| Q3 FY2023CQ2 2023 | Jul 31, 2023 | -162.3% | −97.3 |
| Q2 FY2023CQ1 2023 | Apr 30, 2023 | -93.5% | +78.7 |
| Q1 FY2023CQ4 2022 | Jan 31, 2023 | -60.6% | +80.5 |
| Q4 FY2022CQ3 2022 | Oct 31, 2022 | -108.8% | +53.0 |
| Q3 FY2022CQ2 2022 | Jul 31, 2022 | -65.0% | −25.5 |
| Q2 FY2022CQ1 2022 | Apr 30, 2022 | -172.2% | −47.6 |
| Q1 FY2022CQ4 2021 | Jan 31, 2022 | -141.0% | −44.4 |
| Q4 FY2021CQ3 2021 | Oct 31, 2021 | -161.9% | −61.1 |
| Q3 FY2021CQ2 2021 | Jul 31, 2021 | -39.5% | +18.0 |
| Q2 FY2021CQ1 2021 | Apr 30, 2021 | -124.6% | −81.5 |
| Q1 FY2021CQ4 2020 | Jan 31, 2021 | -96.6% | −77.3 |
| Q4 FY2020CQ3 2020 | Oct 31, 2020 | -100.7% | +198.1 |
| Q3 FY2020CQ2 2020 | Jul 31, 2020 | -57.5% | −52.8 |
| Q2 FY2020CQ1 2020 | Apr 30, 2020 | -43.1% | +148.1 |
| Q1 FY2020CQ4 2019 | Jan 31, 2020 | -19.3% | +66.4 |
| Q4 FY2019CQ3 2019 | Oct 31, 2019 | -298.8% | −232.4 |
| Q3 FY2019CQ2 2019 | Jul 31, 2019 | -4.7% | +114.8 |
| Q2 FY2019CQ1 2019 | Apr 30, 2019 | -191.2% | −130.1 |
| Q1 FY2019CQ4 2018 | Jan 31, 2019 | -85.7% | −71.3 |
| Q4 FY2018CQ3 2018 | Oct 31, 2018 | -66.4% | −49.3 |
| Q3 FY2018CQ2 2018 | Jul 31, 2018 | -119.5% | +18.8 |
| Q2 FY2018CQ1 2018 | Apr 30, 2018 | -61.1% | −4.8 |
| Q1 FY2018CQ4 2017 | Jan 31, 2018 | -14.4% | +49.9 |
| Q4 FY2017CQ3 2017 | Oct 31, 2017 | -17.1% | +31.2 |
| Q3 FY2017CQ2 2017 | Jul 31, 2017 | -138.3% | – |
| Q2 FY2017CQ1 2017 | Apr 30, 2017 | -56.3% | – |
| Q1 FY2017CQ4 2016 | Jan 31, 2017 | -64.3% | – |
| Q4 FY2016CQ3 2016 | Oct 31, 2016 | -48.2% | – |
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