Companies: 10,795·Total market cap: $144.5T
FuelCell Energy, Inc.

FuelCell Energy, Inc.

FCELNASDAQIndustrials● Active
$15.19
$-2.14(-12.35%)
Market Cap$804733785
P/E Ratio—
52W High$27.69
52W Low$3.78
Net IncomeFinancialsRevenue

FuelCell Energy, Inc. (FCEL) Net Income & Profit History

Annual & trailing net income, net margin, YoY change, and peer profitability context.

FCEL · net income · updated Jun 8, 2026

Core profitability metrics

Net income was −$187.9M for FY2025 (fiscal year ending 2025-10-31), down 49.1% year-over-year. Net profit margin was -118.8%.

FY2025 Net Income−$187.9M▼ -49.1% YoY
Trailing 12M (TTM)−$223.9Mtrailing 4 quarters sum
Net Profit Margin-118.8%−$187.9M ÷ $158.2M
YoY Change-49.1%—
5-Year CAGRN/AN/A — contains loss years
FormulaNet Margin = Net Income ÷ Revenue × 100TTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /income-statement · US GAAP · USDUpdated: Jun 8, 2026

Annual net income history

Net IncomeNet LossNet Margin %

▸ FMP /income-statement · Annual · FCEL net income history · FCEL profit margin

Annual net income data

Fiscal YearNet IncomeYoY ChangeNet Margin
FY2025Loss−$187.9M▼ 49.1%-118.8%
FY2024Loss−$126.0M▼ 17.1%-112.4%
FY2023Loss−$107.6M▲ +24.6%-87.2%
FY2022Loss−$142.7M▼ 41.3%-109.4%
FY2021Loss−$101.0M▼ 13.4%-145.2%

Net income vs peers (Industrials)

#CompanyNet IncomeYoY
#1
FuelCell Energy, Inc.
FuelCell Energy, Inc.YOU
FCEL
−$187.9M-49.1%
#2
Caterpillar Inc.
Caterpillar Inc.
CAT
$8.87B-17.8%#3
GE Aerospace
GE Aerospace
GE
$8.70B+32.8%#4
RTX Corporation
RTX Corporation
RTX
$6.73B+41.0%#5
The Boeing Company
The Boeing Company
BA
$2.23B+118.9%#6
Space Exploration Technologies Corp.
Space Exploration Technologies Corp.
SPCX
−$4.94B-724.1%
Industrials · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

FuelCell Energy, Inc. (FCEL) reported net income of −$187.9M for FY2025 (fiscal year ending 2025-10-31), down 49.1% year-over-year. The net profit margin was -118.8% — meaning the company kept $-1.19 of every dollar of revenue as profit.

FuelCell Energy, Inc. has not yet achieved annual profitability based on available data (15 fiscal years). The company has reported net losses across all available periods.

FuelCell Energy, Inc.'s net profit margin was -118.8% for FY2025, based on the latest annual results.

Investors sometimes search for "FuelCell Energy, Inc. net worth" — the company's market capitalization is a separate figure from FCEL net income. Data sourced from FMP /income-statement · US GAAP · USD.

Figures tie to SEC 10-K/10-Q and FMP /income-statement where noted.
RevenueFinancial statementsEarningsForecastPrice historyMarket capFree cash flow

Frequently asked questions

FCEL net income · 4 questions

FuelCell Energy, Inc. is not currently profitable on an annual basis. The company reported a net loss of $187.9M for FY2025.

is FCEL profitabledoes FCEL make a profitFCEL profitabilityFCEL profitable company

▸ Source: FMP /income-statement · GAAP · FuelCell Energy, Inc. · FuelCell Energy, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026