# FuelCell Energy, Inc. (FCEL)

> Industrials · US · Reports in USD

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/FCEL/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $ 66.12M | $ -101.29M | $ -63.71M | $ 159.70M | $ 719.43M |
| 2025 | $ 161.94M | $ -193.21M | $ -151.37M | $ 143.96M | $ 722.04M |
| 2024 | $ 117.86M | $ -132.45M | $ -223.31M | $ 156.48M | $ 716.78M |
| 2023 | $ 133.42M | $ -116.31M | $ -251.51M | $ 139.25M | $ 742.35M |
| 2022 | $ 145.76M | $ -159.44M | $ -177.42M | $ 104.29M | $ 744.25M |
| 2021 | $ 82.71M | $ -120.12M | $ -170.77M | $ 97.84M | $ 702.30M |
| 2020 | $ 90.28M | $ -113.52M | $ -87.51M | $ 182.77M | $ 254.41M |
| 2019 | $ 78.42M | $ -100.12M | $ -83.12M | $ 112.06M | $ 135.59M |
| 2018 | $ 118.12M | $ -62.51M | $ 8.31M | $ 89.22M | $ 176.92M |
| 2017 | $ 128.88M | $ -72.61M | $ -113.42M | $ 92.04M | $ 188.81M |
| 2016 | $ 148.94M | $ -70.11M | $ -74.74M | $ 85.87M | $ 174.25M |
| 2015 | $ 228.97M | $ -41.22M | $ -71.89M | $ 20.36M | $ 155.17M |
| 2014 | $ 254.76M | $ -53.87M | $ -91.21M | $ 14.81M | $ 159.84M |
| 2013 | $ 266.89M | $ -48.87M | $ -33.01M | $ 59.61M | $ 47.45M |
| 2012 | $ 174.12M | $ -51.25M | $ -91.12M | $ 9.14M | $ 74.37M |
| 2011 | $ 180.07M | $ -66.39M | $ -17.39M | $ 9.16M | $ -13.45M |
| 2010 | $ 105.65M | $ -86.04M | $ -56.74M | $ 5.03M | $ 8.35M |
| 2009 | $ 133.27M | $ -103.98M | $ -102.65M | $ 5.41M | $ 31.34M |
| 2008 | $ 152.53M | $ -141.36M | $ -104.14M | $ 4.87M | $ 47.06M |
| 2007 | $ 73.03M | $ -103.98M | $ -91.42M | $ 1.54M | $ 134.02M |
| 2006 | $ 41.40M | $ -92.41M | $ -66.76M | $ 1.33M | $ 100.80M |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 0.22 |
| Liabilities / Eq | 0.38 |
| Current Ratio | 8.59 |

## Other views

- [Metrics](https://sponda.capital/en/FCEL.md)
- [Charts](https://sponda.capital/en/FCEL/charts.md)
- [Compare](https://sponda.capital/en/FCEL/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-27.