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

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

Fold the line items

Columns are period end dates

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