FCELFuelCell Energy, Inc.

$18.04+116% 1Y

Is it growing?

Mixed

Neither accelerating nor breaking down: nothing decisive, though operating margin widening (+14.5 points).

1 good, 1 neutral, 1 without data
Revenue trend+1% in a year

Trailing-twelve-month revenue vs a year earlier, from the company's own filings. Five-year pace: +16% a year.

Margin direction+14.5 points operating

Trailing-twelve-month operating margin, -124.5% now against -139.0% a year earlier.

All from SEC EDGAR, as of Jul 31, 2026.

Where this answer is blind. These are trailing numbers from the filings, not forecasts: an acquisition or a one-off year can flatter them, so check the quarters.

Is FCEL growing?

FuelCell Energy, Inc. has grown revenue 3.2% a year over three years and 16% a year over five.

+3.2%

Revenue growth, 3-year annual rate · Electrical Equipment & Parts median +14% · growing slowly · compounded from trailing twelve-month revenue

Revenue growth, 5-year rate
+16%

Revenue growth, 5-year rate · +3.2% over three · growth has slowed since the five-year average

Years of annual history on file
17

Years of annual history on file · FY2009 to FY2025, as filed

Details›
Revenue FY2021
$70M
Revenue FY2022
$130M
Revenue FY2023
$123M
Revenue FY2024
$112M
Revenue FY2025
$158M

Annual income statements as filed with the SEC.

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