Fuelcell Energy annual return on equity
2010
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Fuelcell Energy Return on Equity (ROE) Growth & History (FCEL)
Fuelcell Energy's return on equity was −28.49% for fiscal 2025.
View full Fuelcell Energy company overviewFuelcell Energy annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-10-31 | −28.49% | −9.67 pp |
| 2024 | 2024-10-31 | −18.82% | −3.08 pp |
| 2023 | 2023-10-31 | −15.74% | +5.77 pp |
| 2022 | 2022-10-31 | −21.51% | +2.63 pp |
| 2021 | 2021-10-31 | −24.15% | +41.79 pp |
| 2020 | 2020-10-31 | −65.94% | +32.29 pp |
| 2019 | 2019-10-31 | −98.23% | −46.63 pp |
| 2018 | 2018-10-31 | −51.60% | −1.61 pp |
| 2017 | 2017-10-31 | −49.99% | −1.39 pp |
| 2016 | 2016-10-31 | −48.60% | −18.53 pp |
| 2015 | 2015-10-31 | −30.07% | +57.00 pp |
| 2014 | 2014-10-31 | −87.07% | +3189.80 pp |
| 2013 | 2013-10-31 | −3,276.87% | +3432.96 pp |
| 2012 | 2012-10-31 | −6,709.83% | — |
| 2010 | 2010-10-31 | −280.47% | — |
Fuelcell Energy quarterly return on equity
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Q3.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q3 2026 | 2026-07-31 | −5.25% | +10.48 pp |
| Q2 2026 | 2026-04-30 | −11.02% | −4.90 pp |
| Q1 2026 | 2026-01-31 | −3.37% | +1.02 pp |
| Q4 2025 | 2025-10-31 | −4.90% | +1.31 pp |
| Q3 2025 | 2025-07-31 | −15.73% | −10.77 pp |
| Q2 2025 | 2025-04-30 | −6.12% | −1.18 pp |
| Q1 2025 | 2025-01-31 | −4.38% | −1.44 pp |
| Q4 2024 | 2024-10-31 | −6.22% | −1.82 pp |
| Q3 2024 | 2024-07-31 | −4.97% | −1.34 pp |
| Q2 2024 | 2024-04-30 | −4.93% | +0.32 pp |
| Q1 2024 | 2024-01-31 | −2.94% | −0.19 pp |
| Q4 2023 | 2023-10-31 | −4.39% | +1.79 pp |
| Q3 2023 | 2023-07-31 | −3.63% | +0.63 pp |
| Q2 2023 | 2023-04-30 | −5.25% | −0.58 pp |
| Q1 2023 | 2023-01-31 | −2.75% | +3.77 pp |
| Q4 2022 | 2022-10-31 | −6.18% | −2.48 pp |
| Q3 2022 | 2022-07-31 | −4.26% | −1.80 pp |
| Q2 2022 | 2022-04-30 | −4.67% | +1.27 pp |
| Q1 2022 | 2022-01-31 | −6.53% | +11.08 pp |
| Q4 2021 | 2021-10-31 | −3.70% | +9.27 pp |
| Q3 2021 | 2021-07-31 | −2.46% | +18.59 pp |
| Q2 2021 | 2021-04-30 | −5.94% | +19.99 pp |
| Q1 2021 | 2021-01-31 | −17.61% | +39.62 pp |
| Q4 2020 | 2020-10-31 | −12.97% | +30.84 pp |
| Q3 2020 | 2020-07-31 | −21.05% | −13.17 pp |
| Q2 2020 | 2020-04-30 | −25.93% | +10.00 pp |
| Q1 2020 | 2020-01-31 | −57.23% | −32.35 pp |
| Q4 2019 | 2019-10-31 | −43.80% | −27.94 pp |
| Q3 2019 | 2019-07-31 | −7.88% | +8.17 pp |
| Q2 2019 | 2019-04-30 | −35.94% | −23.35 pp |
| Q1 2019 | 2019-01-31 | −24.88% | −20.87 pp |
| Q4 2018 | 2018-10-31 | −15.86% | −5.94 pp |
| Q3 2018 | 2018-07-31 | −16.06% | +0.92 pp |
| Q2 2018 | 2018-04-30 | −12.59% | +0.26 pp |
| Q1 2018 | 2018-01-31 | −4.02% | +8.42 pp |
| Q4 2017 | 2017-10-31 | −9.93% | +0.87 pp |
| Q3 2017 | 2017-07-31 | −16.97% | −6.98 pp |
| Q2 2017 | 2017-04-30 | −12.84% | +3.20 pp |
| Q1 2017 | 2017-01-31 | −12.44% | −0.24 pp |
| Q4 2016 | 2016-10-31 | −10.80% | −1.61 pp |
| Q3 2016 | 2016-07-31 | −9.99% | −3.43 pp |
| Q2 2016 | 2016-04-30 | −16.04% | −6.35 pp |
| Q1 2016 | 2016-01-31 | −12.19% | −8.20 pp |
| Q4 2015 | 2015-10-31 | −9.19% | −4.25 pp |
| Q3 2015 | 2015-07-31 | −6.57% | +3.37 pp |
| Q2 2015 | 2015-04-30 | −9.69% | +35.91 pp |
| Q1 2015 | 2015-01-31 | −3.99% | +138.22 pp |
| Q4 2014 | 2014-10-31 | −4.93% | — |
| Q3 2014 | 2014-07-31 | −9.93% | — |
| Q2 2014 | 2014-04-30 | −45.60% | +389.94 pp |
| Q1 2014 | 2014-01-31 | −142.21% | −26.47 pp |
| Q2 2013 | 2013-04-30 | −435.54% | −344.44 pp |
| Q1 2013 | 2013-01-31 | −115.75% | — |
| Q4 2012 | 2012-10-31 | −56.90% | — |
| Q3 2012 | 2012-07-31 | −32.00% | — |
| Q2 2012 | 2012-04-30 | −91.10% | — |
Fuelcell Energy return on equity trends
Over the last five fiscal years, Fuelcell Energy's return on equity increased from −65.94% to −28.49%, a change of +37.45 percentage points. The latest reported quarter, Q3 2026, shows −5.25%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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