Saturday 17 October 2026 Export FCEL’s income statement to Excel — free account

FuelCell Energy, Inc.

FCEL Industrials Electrical Equipment & Parts

FuelCell Energy, Inc.’s revenue for fiscal 2025 (year ended October 2025) was $158.2 million, up 41.0% from fiscal 2024. In the quarter to July 2026, revenue fell 29.4%, EPS grew 83.1%, free cash flow grew 45.8% and total debt rose 21.6%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

13.00 1.09 −7.74%

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Market cap: $1.1B
P/E: 0.0×
Fwd P/E: −8.5×
Dividend yield: —
F-score: 5/9
Altman Z: −2.24
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Older periods	Oct '25	Jan '26	Apr '26	Jul '26
P/E ratio Full definition →	+8 more quarters Free account	0.00	0.00	0.00	0.00
P/S ratio Full definition →		1.46	2.09	4.20	9.87
P/FCF ratio Full definition →		0.00	0.00	0.00	0.00
P/Operating CF Full definition →		(10.08)	(10.44)	(25.82)	(124.67)
P/B ratio Full definition →		0.34	0.50	0.97	1.55
Price to Tangible BV Full definition →		0.35	0.51	0.97	1.55
EV/Sales Full definition →		0.42	1.03	2.75	6.51
EV/EBITDA Full definition →		0.00	0.00	0.00	0.00
EV/Operating CF Full definition →		(0.53)	(1.54)	(4.17)	(10.43)
EV/FCF Full definition →		(0.45)	(1.33)	(3.57)	(8.87)
Quick Ratio Full definition →		5.13	6.26	6.97	7.60
Current Ratio Full definition →		6.63	7.96	8.59	8.67
Net Debt/EBITDA Full definition →		8.84	11.40	3.62	13.88
Debt/Assets Full definition →		14.06%	15.30%	14.64%	12.62%
Debt/Equity Full definition →		0.20	0.21	0.20	0.17
Asset Turnover Full definition →		0.17	0.18	0.18	0.14
Operating CF/Net income Full definition →		0.75	1.43	0.35	0.27
Capex/Depreciation Full definition →		(0.11)	(0.28)	(0.52)	(0.76)
Interest Coverage Full definition →		(10.59)	(9.53)	(27.25)	(16.07)
Research and Development Expense of Revenue Full definition →		9.92%	22.81%	21.66%	25.78%
Selling, General and Administrative Expense of Revenue Full definition →		27.59%	44.12%	41.33%	41.36%
Intangible Assets out of Total Assets Full definition →		0.00	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →		4.42%	7.83%	7.38%	7.43%
Graham Net Nets Full definition →		0.82	0.62	0.38	0.33
Graham Number Full definition →		0.00	0.00	0.00	0.00
Earnings Yield Full definition →		(87.60%)	(94.01%)	(50.54%)	(15.87%)
Free Cash Flow Yield Full definition →		(64.16%)	(37.16%)	(18.38%)	(7.44%)
Revenue per Share Full definition →		2.14	0.63	0.66	0.47
Operating CF per Share Full definition →		(0.89)	(0.70)	(0.50)	(0.17)
Capex per Share Full definition →		(0.04)	(0.06)	(0.10)	(0.10)
Free Cash Flow per Share Full definition →		(0.93)	(0.77)	(0.61)	(0.27)
Cash per Share Full definition →		11.45	6.83	7.19	9.70
Shareholders Equity per Share Full definition →		26.08	14.61	13.44	13.96
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		26.08	14.61	13.44	13.96
Free Cash Flow Full definition →		(23.97)	(36.92)	(32.98)	(19.35)
Working Capital Full definition →		381.97	432.63	480.63	737.22
Capital Expenditures Full definition →		(1.11)	(2.98)	(5.69)	(7.15)
Net Current Asset Value Full definition →		188.95	220.43	269.06	505.04
EV/EBIT Full definition →		0.00	0.00	0.00	0.00
Capex to Sales Full definition →		0.02	0.10	0.16	0.22
Price to Operating Income Full definition →		0.00	0.00	0.00	0.00
Other line items
Average Receivables Full definition →		50.80	55.35	53.39	50.86
Average Payables Full definition →		19.80	16.50	19.51	16.36
Average Inventory Full definition →		99.95	108.02	106.00	95.49
Average Assets Full definition →		938.14	943.01	943.61	1,070.85
Average Common Equity Full definition →		669.45	674.69	673.73	774.06

Fold the line items

Columns are period end dates

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