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FuelCell Energy, Inc.
OTC Markets OTCPK · CIK 886128
Last close475
Daily change+15.00 (3.26%)
10 Years gain+158.33%
Dividends TTM50 (+0.00%)
Dividend yield10.87%
Fundamental Analysis
FCELB · STANDARD
SIC 3620 · Electrical Industrial Apparatus · Fiscal year end 1031
Fundamental
40.0Momentum
0.0Acceleration
0.0Confidence
68.0Annual Revenue17
Quarterly Revenue71
Annual CFO17
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth14.8 / 25
Quality3.6 / 25
Capital Efficiency1.4 / 20
Balance Sheet6.8 / 15
Shareholder Economics8.5 / 10
Forward Indicators5.0 / 5
Signals
Net debt reductionNet debt declined versus the comparison period.
Warnings
Negative FCF · HIGHLatest free cash flow is negative.
Gross margin compression · MEDIUMGross margin compressed by 5.9651 percentage points.
Operating margin compression · MEDIUMOperating margin compressed by 28.6949 percentage points.
Heavy share dilution · HIGHDiluted share count increased 223.8504%.
Low interest coverage · HIGHInterest coverage is -22.2467x.
ROIC declining · MEDIUMROIC declined by 22.0727 percentage points.
Possible growth trap · HIGHRevenue growth is high, but quality indicators are deteriorating.
Key Metrics
Revenue Growth TTM42.28%OK
Revenue CAGR 3Y6.62%OK
Gross Margin-33.2%OK
Operating Margin-168.81%OK
FCF Margin-74.94%OK
FCF Growthn/aINSUFFICIENT_HISTORY
ROIC-49.55%OK
Incremental Operating Margin 3Y-625.5%OK
Net Debt / CFO6.38xOK
Diluted Share Growth 1Y223.85%OK
SBC / Revenue6.28%OK
SBC / FCF-8.38%OK
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 FY Oct 31, 2025 | $158.16M | -$26.41M | -$192.35M | -$125.29M | -$143.89M | -16.7% | -121.61% | -90.98% | -37.27% | 25.74M |
| 2025 FY Oct 31, 2024 | $112.13M | -$35.92M | -$158.49M | -$152.91M | -$200.63M | -32.03% | -141.34% | -178.92% | -33.19% | 16.51M |
| 2025 FY Oct 31, 2023 | $123.39M | -$10.54M | -$136.08M | -$140.25M | -$179.61M | -8.54% | -110.28% | -145.55% | -37.17% | 13.99M |
| 2024 FY Oct 31, 2022 | $130.48M | -$29.58M | -$143.72M | -$112.17M | -$133.25M | -22.67% | -110.15% | -102.12% | -49.38% | 12.77M |
| 2023 FY Oct 31, 2021 | $69.59M | -$15.64M | -$64.90M | -$70.44M | -$76.79M | -22.47% | -93.27% | -110.36% | -35.81% | 334.74M |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $145.86M | sum latest 4 fiscal quarters Revenue | OK | 0001104659-26-104501, 0001104659-26-024970 |
| Revenue Growth TTM | 42.28% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0001104659-26-104501, 0001104659-26-024970 |
| Revenue CAGR 3Y | 6.62% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0001104659-25-122302 |
| Revenue CAGR 5Y | 17.42% | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | OK | 0001104659-25-122302 |
| Gross Profit CAGR 3Y | n/a | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | INSUFFICIENT_HISTORY | 0001104659-25-122302 |
| Operating Income Growth | n/a | OperatingIncome_current / OperatingIncome_prior_year - 1 | INSUFFICIENT_HISTORY | 0001104659-26-104501, 0001104659-26-024970 |
| FCF Growth | n/a | FCF_current / FCF_prior_year - 1 | INSUFFICIENT_HISTORY | 0001104659-26-104501, 0001104659-26-071183 |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | -33.2% | Gross Profit / Revenue | OK | 0001104659-26-104501, 0001104659-26-024970 |
| Operating Margin | -168.81% | Operating Income / Revenue | OK | 0001104659-26-104501, 0001104659-26-024970 |
| FCF Margin | -74.94% | (CFO - CapEx) / Revenue | OK | 0001104659-26-104501, 0001104659-26-071183 |
| ROIC | -49.55% | NOPAT / Average Invested Capital | OK | 0001104659-26-104501, 0001104659-26-024970 |
| Net Debt / CFO | 6.38x | Net Debt / CFO | OK | 0001104659-26-104501, 0001104659-26-071183 |
| Interest Coverage | -22.25x | Operating Income / abs(Interest Expense) | OK | derived |
| Current Ratio | 8.67x | Current Assets / Current Liabilities | OK | derived |