FUELCELL ENERGY INC
FUELCELL ENERGY INC
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Financial Statements
Values in Millions ($) | 2026-04-30 | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 373 | 312 | 278 | 175 | 116 | 98 | 148 | 159 | 159 | 297 | 250 | 304 | |||||
Restricted Cash And Cash Equivalents At Carrying V… | 17 | 18 | 17 | 16 | 12 | 13 | 12 | 10 | 5 | 6 | 5 | 6 | |||||
Short Term Investments | - | - | - | - | 61 | 110 | 109 | 108 | 101 | - | 104 | 77 | |||||
Accounts Receivable Net Current | 8 | 6 | 4 | 10 | 10 | 9 | 12 | 11 | 7 | 3 | 4 | 10 | |||||
Unbilled Receivables Current | 44 | 53 | 49 | 45 | 45 | 42 | 37 | 30 | 26 | 22 | 16 | 19 | |||||
Inventory Net | 88 | 90 | 86 | 105 | 124 | 126 | 114 | 129 | 114 | 103 | 84 | 86 | |||||
Other Assets Current | 14 | 15 | 16 | 20 | 16 | 13 | 13 | 12 | 13 | 13 | 13 | 13 | |||||
Assets Current | 544 | 495 | 450 | 370 | 384 | 411 | 444 | 460 | 426 | 445 | 476 | 515 | |||||
Restricted Cash And Cash Equivalents Noncurrent | 51 | 50 | 47 | 46 | 51 | 50 | 49 | 49 | 48 | 45 | 44 | 27 | |||||
Inventory Noncurrent | - | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 7 | 8 | |||||
Property Plant And Equipment Net | 95 | 96 | 96 | 98 | 138 | 135 | 131 | 121 | 112 | 98 | 90 | 80 | |||||
Operating Lease Right Of Use Asset | 11 | 11 | 11 | 11 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 9 | |||||
Goodwill | - | - | - | - | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | |||||
Intangible Assets Net Excluding Goodwill | 3 | 4 | 4 | 4 | 14 | 14 | 15 | 15 | 15 | 16 | 16 | 16 | |||||
Other Assets Noncurrent | 131 | 110 | 104 | 74 | 54 | 45 | 49 | 40 | 44 | 43 | 51 | 39 | |||||
Assets | 1,003 | 978 | 932 | 831 | 884 | 908 | 944 | 949 | 917 | 923 | 956 | 945 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Debt Current | 17 | 18 | 16 | 17 | 17 | 17 | 16 | 12 | 12 | 10 | 10 | 10 | |||||
Operating Lease Liability Current | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Accounts Payable Current | 16 | 15 | 17 | 16 | 23 | 18 | 23 | 17 | 22 | 17 | 27 | 22 | |||||
Accrued Liabilities Current | 24 | 25 | 31 | 30 | 25 | 24 | 30 | 26 | 24 | 22 | 26 | 23 | |||||
Contract With Customer Liability Current | 4 | 4 | 3 | 5 | 3 | 5 | 4 | 11 | 7 | 4 | 2 | 3 | |||||
Liabilities Current | 63 | 62 | 68 | 69 | 68 | 65 | 74 | 67 | 65 | 54 | 66 | 59 | |||||
Contract With Customer Liability Noncurrent | 10 | 9 | 6 | 5 | 4 | 3 | 3 | 2 | 1 | 1 | 1 | - | |||||
Operating Lease Liability Noncurrent | 12 | 12 | 12 | 12 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | |||||
Other Liabilities Noncurrent | 130 | 132 | 115 | 119 | 124 | 126 | 131 | 127 | 130 | 118 | 120 | 109 | |||||
Liabilities | 215 | 214 | 201 | 205 | 205 | 202 | 217 | 204 | 205 | 181 | 195 | 177 | |||||
Temporary Equity Carrying Amount Attributable To P… | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | - | |||||
Equity | |||||||||||||||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital Common Stock | 2,651 | 2,549 | 2,493 | 2,358 | 2,319 | 2,307 | 2,300 | 2,277 | 2,209 | 2,201 | 2,200 | 2,186 | |||||
Retained Earnings Accumulated Deficit | -1,930 | -1,852 | -1,829 | -1,800 | -1,708 | -1,670 | -1,642 | -1,600 | -1,567 | -1,535 | -1,516 | -1,485 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -2 | -2 | -2 | -2 | -2 | -2 | -2 | -2 | -2 | -2 | -2 | -2 | |||||
Treasury Stock Common Value | -2 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | |||||
Treasury Stock Deferred Employee Stock Ownership P… | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Stockholders Equity | 729 | 704 | 671 | 556 | 609 | 635 | 668 | 685 | 640 | 682 | 682 | 708 | |||||
Minority Interest | 9 | 9 | 9 | 9 | 10 | 10 | 11 | 9 | 12 | 18 | 18 | 8 | |||||
Liabilities And Stockholders Equity | 1,003 | 978 | 932 | 831 | 884 | 908 | 944 | 949 | 917 | 923 | 956 | 945 | |||||
Series B Preferred Stock | 0 | 0 | 0 | -60 | 60 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Variable Interest Entity Primary Beneficiary | -45 | 339 | 326 | 3 | 2 | 318 | 312 | 3 | 2 | 314 | 235 | 2 | |||||
Common Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Shares Authorized | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 500 | 500 | |||||
Common Stock Shares Issued | 64 | 53 | 46 | 30 | 23 | 21 | 20 | 18 | 15 | 15 | 15 | 15 | |||||
Shares Outstanding | 64 | 53 | 46 | 30 | 23 | 21 | 20 | 18 | 15 | 15 | 15 | 15 | |||||
Treasury Stock Common Shares | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Derivative Assets Noncurrent | 2 | 6 | 2 | - | - | 1 | 1 | 2 | 2 | 2 | 4 | - | |||||
Derivative Liabilities Noncurrent | 1 | 0 | 0 | 2 | 3 | 2 | 4 | - | - | - | 0 | - | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -10.57% | 80.35% | 193.50% | 81.35% | 39.42% | - | - | - | - | - | - | - |
| 2025 | -32.01% | -38.41% | -22.10% | -14.84% | -13.14% | -35.09% | 97.10% | 72.78% | 29.54% | -21.37% | -25.41% | -21.16% |
| 2024 | 7.21% | -21.62% | -21.62% | -35.71% | -52.04% | -59.18% | -4.76% | -23.81% | -34.29% | -4.48% | -21.81% | -38.45% |
| 2023 | - | - | - | - | - | - | -10.07% | -10.07% | -5.04% | -17.12% | -6.16% | -22.60% |
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Performance and Valuation Metrics
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Metrics | 2026-04-30 | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 8.59 | 7.96 | 6.63 | 5.37 | 5.62 | 6.34 | 6.01 | 6.91 | 6.55 | 8.26 | 7.23 | 8.72 | |||||
| Quick Ratio | 7.20 | 6.51 | 5.36 | 3.85 | 3.82 | 4.40 | 4.48 | 4.97 | 4.80 | 6.35 | 5.95 | 7.27 | |||||
| Working Capital | 480.63M | 432.63M | 381.97M | 301.37M | 316.11M | 346.36M | 370.55M | 393.43M | 360.85M | 391.35M | 410.41M | 455.67M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.30 | 0.30 | 0.30 | 0.37 | 0.34 | 0.32 | 0.32 | 0.30 | 0.32 | 0.27 | 0.28 | 0.25 | |||||
| Interest Coverage TTM | -21.02 | -17.65 | -18.53 | -20.05 | -14.01 | -14.95 | -16.36 | -16.21 | -18.27 | -19.34 | -18.78 | -21.69 | |||||
| Debt Ratio | 0.21 | 0.22 | 0.22 | 0.25 | 0.23 | 0.22 | 0.23 | 0.21 | 0.22 | 0.20 | 0.20 | 0.19 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.18 | 0.18 | 0.17 | 0.17 | 0.14 | 0.13 | 0.12 | 0.09 | 0.10 | 0.11 | 0.13 | 0.15 | |||||
| Days Sales Outstanding TTM | 19.26 | 16.63 | 18.17 | 25.27 | 24.24 | 20.07 | 25.32 | 45.51 | 28.51 | 11.62 | 12.86 | 28.92 | |||||
| Receivables Turnover TTM | 18.95 | 21.94 | 20.08 | 14.44 | 15.06 | 18.18 | 14.41 | 8.02 | 12.80 | 31.41 | 28.39 | 12.62 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -4.03 | -3.70 | -7.30 | -7.22 | -5.40 | -5.72 | -7.83 | -8.67 | -9.03 | -8.89 | -7.72 | -8.29 | |||||
| Free Cash Flow Per Share TTM | -2.21 | -2.61 | -5.59 | -5.10 | -7.79 | -9.00 | -12.16 | -13.30 | -12.79 | -12.44 | -12.84 | -13.13 | |||||
| Dividend Per Share TTM | 0.04 | 0.04 | 0.08 | 0.09 | 0.10 | 0.10 | 0.10 | 0.08 | 0.07 | 0.05 | 0.04 | 0.04 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | -18.20% | -15.95% | -16.70% | -20.13% | -24.54% | -25.69% | -32.03% | -31.04% | -32.70% | -26.69% | -8.54% | -17.31% | |||||
| Operating Profit Margin TTM | -135.75% | -109.48% | -121.61% | -134.49% | -110.73% | -130.08% | -141.34% | -180.41% | -185.58% | -151.54% | -110.28% | -101.60% | |||||
| Net Profit Margin TTM | -130.17% | -105.11% | -118.80% | -115.78% | -90.62% | -102.41% | -115.23% | -170.57% | -156.62% | -129.92% | -87.57% | -81.94% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 29.71% | 48.29% | 41.05% | 78.82% | 48.62% | 11.09% | -9.13% | -39.15% | -44.79% | -24.12% | -5.43% | 33.18% | |||||
| Net Income Growth (1Y) | 86.32% | 52.20% | 45.42% | 21.37% | -14.00% | -12.43% | 19.58% | 26.67% | 13.46% | 16.15% | -24.29% | -12.88% | |||||
| EPS Growth (1Y) | -25.30% | -35.27% | -6.76% | -16.71% | -40.27% | -35.70% | 1.37% | 4.58% | 1.67% | 4.26% | -30.96% | -18.83% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -3.23 | -2.21 | -1.23 | -0.69 | -0.76 | -1.34 | -1.30 | -1.76 | -3.09 | -4.05 | -4.23 | -7.92 | |||||
| P/B TTM | 0.97 | 0.56 | 0.34 | 0.22 | 0.15 | 0.25 | 0.25 | 0.37 | 0.66 | 0.79 | 0.65 | 1.29 | |||||
| P/S TTM | 4.20 | 2.33 | 1.46 | 0.80 | 0.69 | 1.38 | 1.50 | 3.01 | 4.84 | 5.26 | 3.71 | 6.49 | |||||
| Market Cap | 704.92M | 394.81M | 230.40M | 121.23M | 89.13M | 157.45M | 168.35M | 256.62M | 421.28M | 541.96M | 457.53M | 909.84M | |||||
| Enterprise Value | 281.42M | 33.00M | -95.54M | -98.92M | -72.84M | 13.92M | -24.61M | 50.67M | 221.12M | 203.36M | 168.02M | 583.18M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -119.67M | -125.83M | -143.89M | -124.71M | -169.40M | -184.57M | -200.63M | -223.01M | -193.20M | -187.30M | -179.61M | -181.89M | |||||
| Net Debt | -423.50M | -361.81M | -325.95M | -220.14M | -161.98M | -143.54M | -192.96M | -205.95M | -200.16M | -338.60M | -289.51M | -326.66M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
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| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
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| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
FUELCELL ENERGY INC (FCEL) — SEC Financial Statements & Analysis
FUELCELL ENERGY INC (FCEL) is a electrical industrial apparatus company, incorporated in DE. FUELCELL ENERGY INC trades on Nasdaq, OTC as: FCEL, FCELB. Based on its latest SEC filing (Form 10-Q, period ending 2026-04-30), FUELCELL ENERGY INC reported a 29.71% year-over-year revenue growth, a Gross Profit Margin of -18.20% (TTM), a Debt-to-Equity ratio of 0.30x, a Price-to-Sales (P/S) ratio of 4.20x (TTM), a Price-to-Book (P/B) ratio of 0.97x (TTM), at a market cap of $704.92M. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 29.71%
- Gross Profit Margin TTM
- -18.20%
- Debt To Equity
- 0.30x
- P/S TTM
- 4.20x
- P/B TTM
- 0.97x
- Market Cap
- $704.92M
Data as of 2026-04-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is FUELCELL ENERGY INC in?
FUELCELL ENERGY INC (FCEL) operates in the Electrical Industrial Apparatus industry.
What is FCEL's market cap?
FUELCELL ENERGY INC (FCEL) has a market capitalization of $704.92M as of 2026-04-30.
What exchange does FCEL trade on?
FUELCELL ENERGY INC (FCEL) trades on the Nasdaq, OTC.
Where is FUELCELL ENERGY INC incorporated?
FUELCELL ENERGY INC is incorporated in DE.