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.

Revenue
−29.4%
EPS
+83.1%
Free cash flow
+45.8%
Total debt
+21.6%

Quarter to July 2026, against a year earlier

9.48 0.55 +6.16%
Market cap
$714.0M
P/E
0.0×
Fwd P/E
−3.9×
Dividend yield
—
F-score
5/9
Altman Z
−2.24
Beneish M
n/a
Dividend safety
n/a

FuelCell Energy, Inc. (FCEL) EV/Sales

Alert me on EV/Sales

As of 5 November 2026, FuelCell Energy, Inc. (FCEL) trades at a EV/Sales of 0.7×. Over the past ten years it has ranged from −0.3× (November 2024) to 124× (February 2021); the current reading is higher than 14% of that period. That is below the Electrical Equipment & Parts industry median of 1.8× and below the Industrials sector median of 1.8×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 0.4× (0.73%)
FY2024 0.4× (77.01%)
FY2023 1.9× (70.88%)
FY2022 6.4× (84.39%)
FY2021 40.7× 489.06%
FY2020 6.9× 273.95%
FY2019 1.8× 44.98%
FY2018 1.3× (17.23%)
FY2017 1.5× 81.45%
FY2016 0.8× (37.81%)

Quarterly newest first

Period EV/Sales Change
Jul 2026 6.5× 136.64%
Apr 2026 2.8× 167.53%
Jan 2026 1.0× 143.68%
Oct 2025 0.4× (3.21%)
43 more quarters

Against its own ten years

Low −0.3× High 124×
Ten-year median 1.8×
Current reading's percentile 14

EV/Sales against peers

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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