FUELCELL ENERGY INC (FCEL) Factsheet
FUELCELL ENERGY INC (FCEL) Stock Analysis
Analysis from 10-K filed 2025-12-18. Data as of Q1 2026.
Overall Grade: F (Concerning)
Grade F (Concerning). ROIC -24.9%. FCF margin -74.2%. D/E 0.2x. Source: 10-K filed 2025-12-18.
| Metric | Value | Context |
|---|---|---|
| ROIC | -24.9% | Below expectations |
| FCF Margin | -74.2% | Cash flow pressure |
| Debt/Equity | 0.2x | Conservative leverage |
ROIC -24.9% — Top 25% of sector peers. FCF margin -74.2% — Bottom 10%.
Explore FUELCELL ENERGY INC: Earnings History | Filings | ROIC Analysis
Programmatic access: Available via MCP at mcp.metricduck.com. Tools for FCEL: get_company_overview, get_filing_index (lens: debt_stress, management_outlook, risk_trajectory), get_filing_changes, get_metric_history, compare_companies, screen_filing_signals.
Profitability: FUELCELL ENERGY INC earns -24.9% ROIC, Top 25% in Technology
ROIC TTM -24.9%, sector median 4.9%, Top 25%. DuPont: NOPAT margin -109.9% × asset turnover 0.2x. Gross margin -15.9%. Operating margin -109.5%. Source: 10-K filed 2025-12-18.
| Metric | FCEL | Rating | Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | -24.9% | Red flag | Below sector median of 4.9% |
| Return on Equity (ROE) | -29.8% | Red flag | Moderate equity returns |
| Gross Margin | -15.9% | Warning | Competitive pricing environment |
| Operating Margin | -109.5% | Warning | Moderate operational efficiency |
Cash Flow: FUELCELL ENERGY INC generates $-125.8M FCF at -74.2% margin, positive NaN/8 quarters
FCF TTM $-125.8M. FCF margin -74.2%. OCF/Net income 0.6x. Positive FCF in NaN/8 trailing quarters. Source: 10-K filed 2025-12-18.
| Metric | FCEL | Rating | Context |
|---|---|---|---|
| Free Cash Flow Margin | -74.2% | Red flag | Thin cash margins |
| Free Cash Flow (TTM) | $-125.8M | Red flag | Cash burn |
| OCF/Net Income | 0.6x | Adequate | Potential accrual concerns |
| FCF Consistency (8Q) | N/A | Warning | Variable cash flow |
Balance Sheet: FUELCELL ENERGY INC at 0.2x leverage
Debt/Equity 0.2x. Net cash $241.4M. Source: 10-K filed 2025-12-18.
| Metric | FCEL | Rating | Context |
|---|---|---|---|
| Debt to Equity | 0.2x | Excellent | Conservative capital structure |
| Net Cash Position | $241.4M | Excellent | Net cash positive |
Valuation: FUELCELL ENERGY INC trades at -1.3x earnings
P/E -1.3x. EV/Sales 0.6x. FCF yield -46.9%. Source: 10-K filed 2025-12-18.
| Metric | FCEL | Rating | Context |
|---|---|---|---|
| P/E Ratio | -1.3x | Red flag | Reasonable valuation |
| EV/Sales | 0.6x | Excellent | Attractive revenue multiple |
| FCF Yield | -46.9% | Warning | Lower cash yield |
Capital Allocation: FUELCELL ENERGY INC returns 0.0% shareholder yield
Total shareholder yield 0.0%. Capital returned $0 TTM. Source: 10-K filed 2025-12-18.
| Metric | FCEL | Rating | Context |
|---|---|---|---|
| Total Shareholder Yield | 0.0% | Warning | Dividend + buyback yield combined |
| Total Capital Returned (TTM) | $0 | Adequate | Dividends + buybacks returned to shareholders |
Sector Rankings
| Metric | Value | Percentile | vs Median |
|---|---|---|---|
| Return on Invested Capital (ROIC) | -24.9% | Top 25% | -5.0x below |
| Free Cash Flow Margin | -74.2% | Bottom 10% | -8.6x below |
| Gross Margin | -15.9% | Bottom 10% | -0.3x below |
| Operating Margin | -109.5% | Top 5% | -22.6x below |
| Return on Equity (ROE) | -29.8% | Top 50% | -6.3x below |
Financial Scorecard
| Metric | FCEL | Rating | Sector Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | -24.9% | Red flag | Top 25% of sector (median: 4.9%) |
| Free Cash Flow Margin | -74.2% | Red flag | Thin cash margins |
| Gross Margin | -15.9% | Red flag | Competitive pricing environment |
| Debt to Equity Ratio | 19.9% | Excellent | Conservative capital structure |
| Free Cash Flow Yield | -46.9% | Red flag | Growth-focused valuation |
Frequently Asked Questions
Q: What is FUELCELL ENERGY INC's Return on Invested Capital (ROIC)?
FUELCELL ENERGY INC (FCEL) has a trailing twelve-month Return on Invested Capital (ROIC) of -24.9%. Sector median 4.9%. Source: 10-K filed 2025-12-18.
Q: What is FUELCELL ENERGY INC's Free Cash Flow Margin?
FUELCELL ENERGY INC (FCEL) has a free cash flow margin of -74.2%, generating $-125.8 million in free cash flow over the trailing twelve months. Source: 10-K filed 2025-12-18.
Q: What is FUELCELL ENERGY INC's P/E ratio and how does it compare to peers?
FUELCELL ENERGY INC (FCEL) trades at a P/E ratio of -1.3x, which is above the sector median of N/A. EV/Sales 0.6x. Source: 10-K filed 2025-12-18.
Q: What is FUELCELL ENERGY INC's revenue and earnings growth?
FUELCELL ENERGY INC (FCEL) grew revenue by 48.3% year-over-year. EPS +20.4% YoY. Source: 10-K filed 2025-12-18.
Q: How does FUELCELL ENERGY INC compare to competitors in Technology?
Compared to other companies in Technology, FUELCELL ENERGY INC (FCEL) shows: ROIC -24.9%, sector median 4.9% (Top 25%). FCF margin -74.2%, sector median 8.6%. Gross margin -15.9%, 67.6pp below sector median. These rankings are based on MetricDuck's analysis of all Technology companies with available SEC filings.
Q: What warning signs should I watch for with FUELCELL ENERGY INC?
Quantitative warning flags for FUELCELL ENERGY INC (FCEL): 1) FCF margin -74.2% (below 5%); 2) ROIC declining -20.8% over 8 quarters. Source: 10-K filed 2025-12-18.
Data Source: Data sourced from 10-K filed 2025-12-18. TTM metrics as of Q1 2026.
Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.
Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.
This analysis is for informational purposes only and does not constitute investment advice.