MARKETS / NASDAQ / FCEL
NASDAQ · ELECTRICAL INDUSTRIAL APPARATUS · MID CAP

Fuelcell Energy Inc. FCEL

17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$158.2M
▲ 41.0% vs FY2024
EPS · FY25
$-7.42
Dividend / sh · FY25
Payout · FY25
ROE · FY25
-28.5%
Net margin · FY25
-118.8%
Dividend coverage
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Result
USD 158.2M
Revenue, FY2025 · full 17-year series below
Revenue Net income
0.050.10.150.20.2-0.22009201220152018202120242025
0.050.10.150.20.2-0.22016201920222025

The company lost 119 cents on every revenue dollar this year.

Per share
USD -7.42
Diluted EPS, FY2025
EPS
0.40.81.2-7.422009201220152018202120242025
0.40.81.2-7.422016201920222025

The company pays no cash dividend.

Profitability
-28.5%
Return on equity, FY2025
ROE
0.250.50.751-28.5%2009201220152018202120242025
0.250.50.751-28.5%2016201920222025
Operating margin-121.6%
Net margin-118.8%
Return on assets-20.0%

Each USD of equity lost 28 cents this year.

Returned to shareholders
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacks
Share of profit
Consecutive raises

Growth
+17.4% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+6.6%
+17.4%
−0.3%
+5.6%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.05B
Shares outstanding, FY2025
0.110.052009201220152018202120242025
0.040.052016201920222025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 932.1M
total assets, end of FY2025
Total assetsUSD 932.1M
EquityUSD 662.2M
CashUSD 278.1M
Gross debtUSD 119.6M
Net debtUSD -158.5M
Current ratio6.63×

The company holds more cash than debt.

History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
0.2
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.2
0.2
0.2
0.1
0.1
0.1
0.1
Operating income $B
−0.2
−0.2
−0.1
−0.1
−0.1
−0.0
−0.1
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.1
−0.1
EBITDA $B
−0.2
−0.1
−0.1
−0.1
−0.0
−0.0
−0.1
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.1
Income tax $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
·
Net income $B
−0.2
−0.1
−0.1
−0.1
−0.1
−0.1
−0.1
−0.0
−0.1
−0.1
−0.0
−0.0
−0.0
−0.0
−0.0
−0.1
−0.1
EPS, diluted $
−7.42
−7.83
−7.92
−11.43
−0.31
−0.42
−1.82
−9.01
−13.73
−1.82
−1.33
−2.02
−2.42
−0.23
−0.47
−0.63
−0.99
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
ROE %
−28.5
−18.8
−15.7
−21.5
−24.1
−65.9
−98.2
−51.6
−50.0
−48.6
−30.1
−87.1
−3708.4
−6709.8
·
−666.6
·
Shares out B
0.05
0.02
0.02
0.41
0.37
0.29
0.19
0.01
0.07
0.04
0.03
0.02
0.20
0.19
0.14
0.11
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
61 of 61
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed