FuelCell EnergyFCEL -1.03%60 Net Margin % is -218.91% 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 3,039 Industrial Products companies, FuelCell Energy ranks worse than 96.51% on this metric.
Net margin is calculated as Net Income divided by its Revenue. FuelCell Energy's Net Income for the
three
months ended in Apr. 2026 was $-77.9 Mil. FuelCell Energy's Revenue for the
three
months ended in Apr. 2026 was $35.6 Mil. Therefore, FuelCell Energy's net margin for the quarter that ended in Apr. 2026 was -218.91%.
The historical rank and industry rank for FuelCell Energy's Net Margin % or its related term are showing as below:
FCEL'
s Net Margin % Range Over the Past 10 Years
Min: -145.23 Med: -110.88 Max: -47.07
Current: -132.41
FCEL's Net Margin % is ranked worse than 96.51% of 3039
companies
in the Industrial Products industry
Industry Median: 4.53
vs FCEL: -132.41
FuelCell Energy (NAS:FCEL) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
FuelCell Energy Net Margin % Related Terms
FuelCell Energy Net Margin % Historical Data
* Premium members only.
The historical data trend for FuelCell Energy's Net 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 Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, FuelCell Energy's Net Margin % distribution charts can be found below:
* The bar in red indicates where FuelCell Energy's Net 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.
FuelCell Energy (FCEL) has a Net Margin % of -218.91% as of Apr. 2026. Net margin is the ratio of total net income to net sales. View historical data on FuelCell Energy and its competitors. According to the industry distribution chart, FuelCell Energy ranks #2933 out of 3039 companies in the Industrial Products industry, placing it in the top 96.5%.
Is FuelCell Energy's Net Margin % too high?
FuelCell Energy's current Net Margin % is -218.91%. Based on the distribution chart, FuelCell Energy ranks #2933 out of 3039 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 Net Margin % compare to ENR and ADSE?
According to the Industrial Products industry distribution chart, FuelCell Energy ranks #2933 out of 3039 companies for Net Margin %. This places FuelCell Energy in the lower half of its industry. The industry median Net Margin % is 4.53. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Industrial Products company?
The median Net Margin % among Industrial Products companies is 4.53, based on 3,039 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on FuelCell Energy and its competitors. For the Industrial Products industry, the median Net Margin % is 4.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FuelCell Energy's current Net Margin % is -218.91%. 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 Net Margin % is -218.91%. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For FuelCell Energy (FCEL), the current Net Margin % is -218.91% 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:
Net Margin %: -218.91%
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
Get the complete analysis for FCEL
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FCEL has been successfully added to your 
