FCEL (FuelCell Energy) Gross Profit: $-30.6 Mil (TTM As of Apr. 2026)

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FCEL FuelCell Energy Inc FCEL
58 GF Score
Price $19.54
GF Value $6.85
Valuation Significantly Overvalued
! 6 Warning Signs
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What is FuelCell Energy Gross Profit?

FuelCell Energy FCEL +6.43% 58 Gross Profit is $-30.6 Mil as of Apr. 2026. GuruFocus rates FCEL with a GF Score™ of 58/100 and a GF Value™ of $6.85 (Significantly Overvalued). The stock has 6 warning signs investors should review.

FuelCell Energy's gross profit for the three months ended in Apr. 2026 was $-12.9 Mil. FuelCell Energy's gross profit for the trailing twelve months (TTM) ended in Apr. 2026 was $-30.6 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. FuelCell Energy's gross profit for the three months ended in Apr. 2026 was $-12.9 Mil. FuelCell Energy's Revenue for the three months ended in Apr. 2026 was $35.6 Mil. Therefore, FuelCell Energy's Gross Margin % for the quarter that ended in Apr. 2026 was -36.33%.

FuelCell Energy had a gross margin of -36.33% for the quarter that ended in Apr. 2026 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of FuelCell Energy was 3.46%. The lowest was -35.01%. And the median was -13.80%.

Warning Sign:

FuelCell Energy Inc gross margin has been in long-term decline. The average rate of decline per year is -6.6%.


FuelCell Energy  (NAS:FCEL) Gross Profit 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


FuelCell Energy Gross Profit Related Terms


FuelCell Energy Gross Profit Historical Data

* Premium members only.

The historical data trend for FuelCell Energy's Gross Profit 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.

FuelCell Energy Gross Profit Chart

FuelCell Energy Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only -15.64 -29.58 -10.54 -35.92 -26.41

FuelCell Energy Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -9.44 -5.13 -6.63 -5.86 -12.93

FCEL vs PLPC, ENR, TE: Gross Profit Comparison

For the Electrical Equipment & Parts subindustry, FuelCell Energy's Gross Profit, along with its competitors' market caps and Gross Profit 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 Profit vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, FuelCell Energy's Gross Profit distribution charts can be found below:

* The bar in red indicates where FuelCell Energy's Gross Profit falls into.


FCEL
58GF Score
FuelCell Energy Inc FCEL
Gross Profit is just one metric. See GF Score™, valuation, warning signs, and more.
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FuelCell Energy Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

FuelCell Energy's Gross Profit for the fiscal year that ended in Oct. 2025 is calculated as

Gross Profit (A: Oct. 2025 )=Revenue - Cost of Goods Sold
=158.162 - 184.57
=-26.4

FuelCell Energy's Gross Profit for the quarter that ended in Apr. 2026 is calculated as

Gross Profit (Q: Apr. 2026 )=Revenue - Cost of Goods Sold
=35.589 - 48.518
=-12.9

Gross Profit for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-30.6 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

FuelCell Energy's Gross Margin % for the quarter that ended in Apr. 2026 is calculated as

Gross Margin % (Q: Apr. 2026 )=Gross Profit (Q: Apr. 2026 ) / Revenue (Q: Apr. 2026 )
=(Revenue - Cost of Goods Sold) / Revenue
=-12.9 / 35.589
=-36.33 %

* 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.

Frequently Asked Questions Learn more about Gross Profit →
What does a Gross Profit of $-30.6 Mil mean?
FuelCell Energy (FCEL) has a Gross Profit of $-30.6 Mil as of Apr. 2026. Gross Profit equals net sales less total cost of goods sold. View historical data on FuelCell Energy and its competitors.
Is FuelCell Energy's Gross Profit too high?
FuelCell Energy's current Gross Profit is $-30.6 Mil. Overall, FuelCell Energy has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FuelCell Energy's Gross Profit compare to PLPC and ENR?
FuelCell Energy's Gross Profit of $-30.6 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Profit for an Industrial Products company?
A good Gross Profit depends on the Industrial Products industry context. However, Gross Profit 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 Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on FuelCell Energy and its competitors. FuelCell Energy's current Gross Profit is $-30.6 Mil. 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 $6.85, compared to a current price of $19.54 — trading 185.3% above its estimated fair value. The current Gross Profit is $-30.6 Mil. FuelCell Energy's overall GF Score™ is 58/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For FuelCell Energy (FCEL), the current Gross Profit is $-30.6 Mil 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 $19.54 is trading 185.3% above its estimated GF Value™ of $6.85. GuruFocus considers FuelCell Energy to be Significantly Overvalued.

Key valuation signals for FCEL:

  • Gross Profit: $-30.6 Mil
  • GF Value™: $6.85 vs. price of $19.54 (185.3% above fair value)
  • GF Score™: 58/100 with 6 warning signs

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 Business Description

Address 3 Great Pasture Road, Danbury, CT, USA, 06810
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.
58GF Score

Get the complete analysis for FCEL

Gross Profit is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$19.54
Price
$6.85
GF Value