Fuelcell Energy annual operating margin
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2025
Fuelcell Energy Operating Margin Growth & History (FCEL)
Fuelcell Energy's operating margin was −121.61% for fiscal 2025.
View full Fuelcell Energy company overviewFuelcell Energy annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-10-31 | −121.61% | +19.73 pp |
| 2024 | 2024-10-31 | −141.34% | −31.06 pp |
| 2023 | 2023-10-31 | −110.28% | −0.14 pp |
| 2022 | 2022-10-31 | −110.15% | −16.88 pp |
| 2021 | 2021-10-31 | −93.27% | −38.01 pp |
| 2020 | 2020-10-31 | −55.26% | +54.90 pp |
| 2019 | 2019-10-31 | −110.17% | −60.26 pp |
| 2018 | 2018-10-31 | −49.90% | −2.93 pp |
| 2017 | 2017-10-31 | −46.97% | −4.15 pp |
| 2016 | 2016-10-31 | −42.82% | −25.10 pp |
| 2015 | 2015-10-31 | −17.72% | −2.57 pp |
| 2014 | 2014-10-31 | −15.15% | +0.74 pp |
| 2013 | 2013-10-31 | −15.89% | +10.75 pp |
| 2012 | 2012-10-31 | −26.64% | +10.63 pp |
| 2011 | 2011-10-31 | −37.27% | +40.65 pp |
| 2010 | 2010-10-31 | −77.91% | −2.51 pp |
| 2009 | 2009-10-31 | −75.40% | — |
Fuelcell Energy quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-04-30 | −218.92% | −123.19 pp |
| Q1 2026 | 2026-01-31 | −86.11% | +86.82 pp |
| Q4 2025 | 2025-10-31 | −51.48% | +31.70 pp |
| Q3 2025 | 2025-07-31 | −204.02% | −62.14 pp |
| Q2 2025 | 2025-04-30 | −95.73% | +88.75 pp |
| Q1 2025 | 2025-01-31 | −172.93% | +81.57 pp |
| Q4 2024 | 2024-10-31 | −83.19% | +78.76 pp |
| Q3 2024 | 2024-07-31 | −141.87% | +20.40 pp |
| Q2 2024 | 2024-04-30 | −184.48% | −90.98 pp |
| Q1 2024 | 2024-01-31 | −254.50% | −193.93 pp |
| Q4 2023 | 2023-10-31 | −161.94% | −53.11 pp |
| Q3 2023 | 2023-07-31 | −162.27% | −97.32 pp |
| Q2 2023 | 2023-04-30 | −93.50% | +78.72 pp |
| Q1 2023 | 2023-01-31 | −60.57% | +80.47 pp |
| Q4 2022 | 2022-10-31 | −108.84% | +53.01 pp |
| Q3 2022 | 2022-07-31 | −64.95% | −25.49 pp |
| Q2 2022 | 2022-04-30 | −172.22% | −47.59 pp |
| Q1 2022 | 2022-01-31 | −141.04% | −44.43 pp |
| Q4 2021 | 2021-10-31 | −161.85% | −61.13 pp |
| Q3 2021 | 2021-07-31 | −39.47% | +18.00 pp |
| Q2 2021 | 2021-04-30 | −124.63% | −81.51 pp |
| Q1 2021 | 2021-01-31 | −96.61% | −77.31 pp |
| Q4 2020 | 2020-10-31 | −100.72% | +198.09 pp |
| Q3 2020 | 2020-07-31 | −57.46% | −52.75 pp |
| Q2 2020 | 2020-04-30 | −43.13% | +148.10 pp |
| Q1 2020 | 2020-01-31 | −19.31% | +66.42 pp |
| Q4 2019 | 2019-10-31 | −298.81% | −232.44 pp |
| Q3 2019 | 2019-07-31 | −4.71% | +114.81 pp |
| Q2 2019 | 2019-04-30 | −191.22% | −130.08 pp |
| Q1 2019 | 2019-01-31 | −85.72% | −71.34 pp |
| Q4 2018 | 2018-10-31 | −66.37% | −49.29 pp |
| Q3 2018 | 2018-07-31 | −119.52% | +18.83 pp |
| Q2 2018 | 2018-04-30 | −61.14% | −4.83 pp |
| Q1 2018 | 2018-01-31 | −14.38% | +49.89 pp |
| Q4 2017 | 2017-10-31 | −17.08% | +31.15 pp |
| Q3 2017 | 2017-07-31 | −138.35% | −90.81 pp |
| Q2 2017 | 2017-04-30 | −56.31% | −11.84 pp |
| Q1 2017 | 2017-01-31 | −64.27% | −29.88 pp |
| Q4 2016 | 2016-10-31 | −48.24% | −32.95 pp |
| Q3 2016 | 2016-07-31 | −47.54% | −30.36 pp |
| Q2 2016 | 2016-04-30 | −44.46% | −13.72 pp |
| Q1 2016 | 2016-01-31 | −34.40% | −22.09 pp |
| Q4 2015 | 2015-10-31 | −15.29% | −6.16 pp |
| Q3 2015 | 2015-07-31 | −17.18% | −3.28 pp |
| Q2 2015 | 2015-04-30 | −30.74% | −7.82 pp |
| Q1 2015 | 2015-01-31 | −12.31% | +4.73 pp |
| Q4 2014 | 2014-10-31 | −9.13% | +3.47 pp |
| Q3 2014 | 2014-07-31 | −13.90% | −5.34 pp |
| Q2 2014 | 2014-04-30 | −22.92% | −5.96 pp |
| Q1 2014 | 2014-01-31 | −17.04% | +13.41 pp |
| Q4 2013 | 2013-10-31 | −12.60% | +11.16 pp |
| Q3 2013 | 2013-07-31 | −8.55% | +26.85 pp |
| Q2 2013 | 2013-04-30 | −16.96% | +15.16 pp |
| Q1 2013 | 2013-01-31 | −30.45% | −13.08 pp |
| Q4 2012 | 2012-10-31 | −23.77% | −1.06 pp |
| Q3 2012 | 2012-07-31 | −35.40% | −11.78 pp |
| Q2 2012 | 2012-04-30 | −32.12% | +37.17 pp |
| Q1 2012 | 2012-01-31 | −17.37% | +20.42 pp |
| Q4 2011 | 2011-10-31 | −22.71% | +43.84 pp |
| Q3 2011 | 2011-07-31 | −23.62% | — |
| Q2 2011 | 2011-04-30 | −69.29% | — |
| Q1 2011 | 2011-01-31 | −37.79% | — |
| Q3 2010 | 2010-07-31 | −66.54% | — |
Fuelcell Energy operating margin trends
Over the last five reported fiscal years, Fuelcell Energy's operating margin decreased from −55.26% to −121.61%, a change of −66.35 percentage points. The latest reported quarter, Q2 2026, shows −218.92%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Fuelcell Energy filings at SEC.gov ↗