FuelCell EnergyFCEL -1.03%60 Gross Margin % is -36.33% as of Apr. 2026. GuruFocus rates FCEL with a GF Score™ of 60/100 and a GF Value™ of $7.94 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 3,003 Industrial Products companies, FuelCell Energy ranks worse than 98.47% on this metric.
FuelCell Energy Inc gross margin has been in long-term decline. The average rate of decline per year is -6.6%.
The historical rank and industry rank for FuelCell Energy's Gross Margin % or its related term are showing as below:
FCEL'
s Gross Margin % Range Over the Past 10 Years
Min: -35.01 Med: -13.8 Max: 3.46
Current: -18.2
During the past 13 years, the highestGross Margin % of FuelCell Energy was 3.46%. The lowest was -35.01%. And the median was -13.80%.
FCEL's Gross Margin % is ranked worse than 98.47% of 3003
companies
in the Industrial Products industry
Industry Median: 26.79
vs FCEL: -18.20
FuelCell Energy had a gross margin of -36.33% for the quarter that ended in Apr. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for FuelCell Energy was -6.60% per year.
FuelCell Energy (NAS:FCEL) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
FuelCell Energy had a gross margin of -36.33% for the quarter that ended in Apr. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
FuelCell Energy Gross Margin % Related Terms
FuelCell Energy Gross Margin % Historical Data
* Premium members only.
The historical data trend for FuelCell Energy's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Electrical Equipment & Parts subindustry, FuelCell Energy's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
FuelCell Energy Gross Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, FuelCell Energy's Gross Margin % distribution charts can be found below:
* The bar in red indicates where FuelCell Energy's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
FuelCell Energy (FCEL) has a Gross Margin % of -36.33% as of Apr. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on FuelCell Energy and its competitors. According to the industry distribution chart, FuelCell Energy ranks #2957 out of 3003 companies in the Industrial Products industry, placing it in the top 98.5%.
Is FuelCell Energy's Gross Margin % too high?
FuelCell Energy's current Gross Margin % is -36.33%. Based on the distribution chart, FuelCell Energy ranks #2957 out of 3003 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, FuelCell Energy has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FuelCell Energy's Gross Margin % compare to ENR and ADSE?
According to the Industrial Products industry distribution chart, FuelCell Energy ranks #2957 out of 3003 companies for Gross Margin %. This places FuelCell Energy in the lower half of its industry. The industry median Gross Margin % is 26.79. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Industrial Products company?
The median Gross Margin % among Industrial Products companies is 26.79, based on 3,003 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on FuelCell Energy and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FuelCell Energy's current Gross Margin % is -36.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FuelCell Energy stock overvalued right now?
Based on GuruFocus' analysis, FuelCell Energy (FCEL) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.94, compared to a current price of $21.56 — trading 171.5% above its estimated fair value. The current Gross Margin % is -36.33%. FuelCell Energy's overall GF Score™ is 60/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For FuelCell Energy (FCEL), the current Gross Margin % is -36.33% as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is FuelCell Energy (FCEL) Overvalued in 2026?
Based on GuruFocus' analysis, FuelCell Energy stock appears to be overvalued.
The current stock price of $21.56 is trading 171.5% above its estimated GF Value™ of $7.94.
GuruFocus considers FuelCell Energy to be Significantly Overvalued.
Key valuation signals for FCEL:
Gross Margin %: -36.33%
GF Value™: $7.94 vs. price of $21.56 (171.5% above fair value)
No single metric tells the full story. See the FCEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FuelCell Energy Inc is a clean energy technology company engaged in the development, design, production, and servicing of high temperature fuel cells for clean electric power generation. The Company provides proprietary molten carbonate fuel cell systems that generate electricity electrochemically with ultra low emissions and high efficiency, and operates as a solutions provider managing the design, manufacturing, installation, and maintenance of its systems under long term power purchase, service, and engineering procurement agreements. The Company serves utilities, data centers, and commercial and industrial customers, and operates in the United States, South Korea, Europe, and Canada, with maximum revenue generated from the United States.
60GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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