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Fuelcell Energy revenue FCEL

Sales by quarter and over the last twelve months, from 2010.

Last 12 months, to Jul 31, 2026
$154.1M
Latest quarter, Q3 FY26
$33M
−29% on a year earlier
Fiscal year 2025
$158.2M
+41% on the year before

Fuelcell Energy's revenue was $154.1M over the twelve months to Jul 31, 2026, up 1% on a year earlier.

In its latest quarter, Q3 FY26, it was $33M, down 29% on the same quarter a year before.

Over the five fiscal years to FY2025 it grew 17% a year on average.

Revenue over time

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearRevenueChange
FY2025$158.2M+41%
FY2024$112.1M−9%
FY2023$123.4M−5%
FY2022$130.5M+88%
FY2021$69.6M−2%
FY2020$70.9M+17%
FY2019$60.8M−32%
FY2018$89.4M−7%
FY2017$95.7M−12%
FY2016$108.3M−34%
FY2015$163.1M−10%
FY2014$180.3M−4%
FY2013$187.7M+56%
FY2012$120.6M−2%
FY2011$122.6Mn/a

Each fiscal year is the twelve months to its fourth quarter.

Quarter by quarter

QuarterEndedRevenueOn a year earlierLast 12 months
Q3 FY26$33M−29%$154.1M
Q2 FY26$35.6M−5%$167.9M
Q1 FY26$30.5M+61%$169.7M
Q4 FY25$55M+12%$158.2M
Q3 FY25$46.7M+97%$152.5M
Q2 FY25$37.4M+67%$129.4M
Q1 FY25$19M+14%$114.4M
Q4 FY24$49.3M+120%$112.1M
Q3 FY24$23.7M−7%$85.3M
Q2 FY24$22.4M−42%$87.1M
Q1 FY24$16.7M−55%$103M
Q4 FY23$22.5M−43%$123.4M

Against its peers

Companies in Industrials nearest Fuelcell Energy's size, closest first, today.

CompanyRevenue, 12 monthsGrowth
FCELFuelcell Energy$154.1M+1% a year
ASTEAstec Industries$1.6B+19% a year
NXQuanex Building Products CORP$1.9B+1% a year
PLOWDouglas Dynamics$699.1M+20% a year
AEBIAebi Schmidt$2B+79% a year
NPKINPK International$300.7M+28% a year
NWPXNWPX Infrastructure$574.4M+15% a year
WLFCWillis Lease Finance$765.4M+17% a year
MRTNMarten Transport$857.6M−7% a year
WGOWinnebago Industries$2.7B−3% a year
BBSIBarrett Business Services$1.3B+6% a year
Peer median$1.1B

Where Fuelcell Energy ranks

What the revenue tells you

Total sales in the period. On the company page, quarterly bars or the trailing twelve months (TTM), which smooths seasonality.

Growing revenue with shrinking margins is a warning, not a win.

More on Fuelcell Energy

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.