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Companies/FuelCell Energy, Inc.
Company profile

FuelCell Energy, Inc.

NASDAQ: FCEL · Industrials · Electrical Equipment & Parts
PublicHQ Danbury, CT · FairfieldCIK 0000886128Reports USD
#433 of 959 Industrials companies by revenuetop-quartile growth
EA Score
51D
FH 35DQ 66GM 62SS 71
v0.1 · 65/100 weight · provisional
↑ balance-sheet leverage, listing tenure · ↓ operating margin, net margin
Methodology →
Revenue TTM
$167.9M
Rev growth YoY (TTM)
+29.7%
Net income (FY)
-$187.9M
Employees
584
Market cap
$1.5B
OverviewFinancialsSegmentsFilingsESGPeople & Places

Financials — latest annual

SEC EDGAR · USD-normalized
ConceptUSDNativeFY
Revenue$158.2M$158.2M2025
Net income-$187.9M-$187.9M2025
Operating income-$192.3M-$192.3M2025
Total assets$932.1M$932.1M2025
Liabilities$201.0M$201.0M2025
Equity$662.2M$662.2M2025

Revenue trend

FY2020 – FY2025 · USD
$18.9M
FY20
$18.7M
FY20
$70.9M
FY20
$69.6M
FY21
$130.5M
FY22
$123.4M
FY23
$112.1M
FY24
$158.2M
FY25

Revenue by segment

Filed disclosures · FY2024
By product
Electricity, Generation54%
Product35%
Advanced Technologies8%
Service3%
By geography
UNITED STATES78%
KOREA, REPUBLIC OF20%
Europe2%
CANADA0%
The read

FuelCell Energy, Inc. booked $158.2M in FY2025 revenue, growing 41% year over year — faster than most Industrials companies we track, at a -118.8% net margin.

Peers · Industrials
Energizer Holdings, Inc.67BTennant Company67BT1 Energy Inc26DAllient Inc.63C
Neighbors
Fairfield →
Interactive Brokers Group, Inc.$2.4B74BBooking Holdings Inc.$26.9B79B+United Rentals, Inc.$3.7B78B+EMCOR Group, Inc.$17.0B83B+W. R. Berkley Corporation$555.8M79B+Hubbell Incorporated$5.8B83B+
Key facts
CEOJason Few
SectorIndustrials
IndustryElectrical Equipment & Parts
HeadquartersDanbury, CT
ExchangeNASDAQ: FCEL
Employees584
IPO date1992-06-25
Latest filings
8-K2026-07-098-K2026-06-2410-Q2026-06-088-K2026-06-088-K2026-05-218-K2026-04-068-K2026-03-0910-Q2026-03-09
Financials: SEC EDGAR (XBRL), USD-normalized per IAS 21 · TTM/quarterly + segments: FMP from filed disclosures · Filings: EDGAR submissions. County headcount and EA Score are in progress — see docs/DATA_GAPS.md.
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