FuelCell Energy (FCEL) ROIC: History & Chart

Name: FuelCell Energy, Inc. (FCEL) Return on Invested Capital (ROIC) — historical time series
Creator: TGMCharts

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FuelCell Energy, Inc.(FCEL)

Electrical Equipment & Parts · Danbury, CT

$19.07-0.22 (-1.14%)

Delayed quote: Aug 26, 2026, 4:00 PM EDT

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About FuelCell Energy, Inc.

FuelCell Energy, Inc., alongside its subsidiaries, is involved in the complete lifecycle of stationary fuel cell power plants, covering their design, manufacturing, sales, installation, continuous operation, and servicing. These systems are developed for decentralized, consistent baseload electricity generation. The company offers a range of SureSource platforms: the 1.4-megawatt (MW) SureSource 1500, the 2.8 MW SureSource 3000, the 3.7 MW SureSource 4000, the 250-kilowatt (kW) SureSource 250, and the 400 kW SureSource 400. A prominent product is the 2.3 MW SureSource Hydrogen platform, engineered to produce up to 1,200 kilograms of hydrogen daily, serving applications in multi-megawatt utilities, microgrids, distributed hydrogen, and on-site heating and cooling. Furthermore, FuelCell Energy provides the SureSource Capture system, designed to separate and concentrate carbon dioxide from the flue gases emitted by natural gas, biomass, or coal-fired power plants, as well as industrial facilities. Their technological capabilities also include solid oxide fuel cell and solid oxide electrolysis cell stack technologies. The SureSource power plants fundamentally generate clean electricity, useful thermal energy, water, and hydrogen. The company's service portfolio is extensive, featuring engineering, procurement, and construction (EPC) services, along with project financing. Post-installation support includes real-time monitoring, remote operational management, an online support system, preventative maintenance, parts and supplies, on-site and classroom training, and power plant refurbishment or recycling services. Technical support is also available for optimizing plant operation, performance, and fuel processing. FuelCell Energy serves a diverse clientele across various markets, including public utilities and independent power producers, industrial and process applications, educational and healthcare facilities, data centers and communication networks, wastewater treatment plants, government entities, microgrid developers, the food and beverage industry, and the commercial and hospitality sectors. The company's primary operational regions encompass the United States, South Korea, England, Germany, and Switzerland. Founded in 1969, FuelCell Energy, Inc. is headquartered in Danbury, Connecticut.

Danbury, CT

629 employees

www.fuelcellenergy.com

Industrials / Electrical Equipment & Parts

Sector: Industrials
Industry: Electrical Equipment & Parts
CEO: Jason Few

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FCEL Return on Invested Capital (ROIC) Metrics

RETURN ON INVESTED CAPITAL (ROIC)

-16.36%

RETURN ON INVESTED CAPITAL (ROIC) AVG TTM

-17.19%

RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y

-16.65%

RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y

-14.59%

RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y

-15.24%

RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y

-15.16%

RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y

-24.06%

CURRENT VS TTM AVG

+4.86%

CURRENT VS 3Y AVG

+1.76%

CURRENT VS 5Y AVG

-12.08%

CURRENT VS 10Y AVG

-7.33%

CURRENT VS 15Y AVG

-7.92%

CURRENT VS 20Y AVG

+32.02%

SECTOR MEDIAN · INDUSTRIALS

9.32%

median of 134 covered companies

CURRENT VS SECTOR MEDIAN

-275.41%

vs the sector median at left

NAME	MARKET CAP	RETURN ON INVESTED CAPITAL (ROIC)	TTM	3Y	5Y
FuelCell Energy, Inc. (FCEL)	$1.52B	-16.36%	-17.19%	-16.65%	-14.59%
Allient Inc. (ALNT)vs ›	$1.58B	7.55%	5.89%	5.82%	5.91%
Red Cat Holdings, Inc. (RCAT)vs ›	$1.36B	-26.62%	-26.94%	-34.69%	-36.97%
T1 Energy Inc (TE)vs ›	$1.26B	-15.45%	-13.06%	-12.86%	-22.50%
Ameresco, Inc. (AMRC)vs ›	$1.18B	3.54%	3.35%	3.63%	4.12%
Enerpac Tool Group Corp. (EPAC)vs ›	$1.94B	15.21%	14.71%	11.05%	8.88%
Upwork Inc. (UPWK)vs ›	$1.07B	8.71%	8.29%	1.00%	-1.51%
Preformed Line Products Company (PLPC)vs ›	$2.00B	8.70%	7.79%	9.80%	9.26%
Kforce Inc. (KFRC)vs ›	$1.02B	13.34%	17.96%	23.36%	22.18%
Power Solutions International, Inc. (PSIX)vs ›	$844.57M	21.64%	33.45%	25.54%	10.98%

NAME

MARKET CAP

RETURN ON INVESTED CAPITAL (ROIC)

TTM

FuelCell Energy, Inc. (FCEL)

$1.52B

-16.36%

-17.19%

-16.65%

-14.59%

Allient Inc. (ALNT)vs ›

$1.58B

7.55%

5.89%

5.82%

5.91%

Red Cat Holdings, Inc. (RCAT)vs ›

$1.36B

-26.62%

-26.94%

-34.69%

-36.97%

T1 Energy Inc (TE)vs ›

$1.26B

-15.45%

-13.06%

-12.86%

-22.50%

Ameresco, Inc. (AMRC)vs ›

$1.18B

3.54%

3.35%

3.63%

4.12%

Enerpac Tool Group Corp. (EPAC)vs ›

$1.94B

15.21%

14.71%

11.05%

8.88%

Upwork Inc. (UPWK)vs ›

$1.07B

8.71%

8.29%

1.00%

-1.51%

Preformed Line Products Company (PLPC)vs ›

$2.00B

8.70%

7.79%

9.80%

9.26%

Kforce Inc. (KFRC)vs ›

$1.02B

13.34%

17.96%

23.36%

22.18%

Power Solutions International, Inc. (PSIX)vs ›

$844.57M

21.64%

33.45%

25.54%

10.98%

Return on Invested Capital (ROIC) Formula & Definition

ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)

Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.

Return on Invested Capital (ROIC) FAQ

What is the return on invested capital (ROIC) for FuelCell Energy, Inc. (FCEL)?

The return on invested capital (ROIC) for FCEL stock is -16.36%.

Is FuelCell Energy, Inc.'s return on invested capital (ROIC) high or low?

The return on invested capital (ROIC) of -16.36% is 12% below its 5-year average of -14.59%, around the middle of its 5-year range (-26.35%–-7.03%).

What is the TTM average return on invested capital (ROIC) for FuelCell Energy, Inc. (FCEL)?

The TTM average return on invested capital (ROIC) for FCEL stock is -17.19%.

What is the 3Y average return on invested capital (ROIC) for FuelCell Energy, Inc. (FCEL)?

The 3Y average return on invested capital (ROIC) for FCEL stock is -16.65%.

What is the 5Y average return on invested capital (ROIC) for FuelCell Energy, Inc. (FCEL)?

The 5Y average return on invested capital (ROIC) for FCEL stock is -14.59%.

What is the 10Y average return on invested capital (ROIC) for FuelCell Energy, Inc. (FCEL)?

The 10Y average return on invested capital (ROIC) for FCEL stock is -15.24%.

What is the 15Y average return on invested capital (ROIC) for FuelCell Energy, Inc. (FCEL)?

The 15Y average return on invested capital (ROIC) for FCEL stock is -15.16%.

What is the 20Y average return on invested capital (ROIC) for FuelCell Energy, Inc. (FCEL)?

The 20Y average return on invested capital (ROIC) for FCEL stock is -24.06%.

DATE	RETURN ON INVESTED CAPITAL (ROIC)
2026-04-30	-16.36%
2026-01-31	-12.28%
2025-10-31	-13.77%
2025-07-31	-26.35%
2025-04-30	-17.21%
2025-01-31	-17.32%
2024-10-31	-17.89%
2024-07-31	-17.20%
2024-04-30	-18.71%
2024-01-31	-17.75%
2023-10-31	-15.13%
2023-07-31	-15.89%
2023-04-30	-15.94%
2023-01-31	-14.45%
2022-10-31	-16.57%
2022-07-31	-14.15%
2022-04-30	-12.13%
2022-01-31	-12.09%
2021-10-31	-7.80%
2021-07-31	-7.03%
2021-04-30	-12.22%
2021-01-31	-9.81%
2020-10-31	-8.06%
2020-07-31	-13.77%
2020-04-30	-12.74%
2020-01-31	-15.62%
2019-10-31	-22.87%
2019-07-31	-14.97%
2019-04-30	-20.76%
2019-01-31	-18.30%
2018-10-31	-14.98%
2018-07-31	-14.16%
2018-04-30	-13.61%
2018-01-31	-13.00%
2017-10-31	-14.31%
2017-07-31	-17.01%
2017-04-30	-15.62%
2017-01-31	-15.70%
2016-10-31	-15.79%
2016-07-31	-15.42%
2016-04-30	-15.99%
2016-01-31	-15.91%
2015-10-31	-13.78%
2015-07-31	-12.20%
2015-04-30	-11.74%
2015-01-31	-11.81%
2014-10-31	-12.36%
2014-07-31	-14.18%
2014-04-30	-18.66%
2014-01-31	-16.13%
2013-10-31	-21.56%
2013-07-31	-22.43%
2013-04-30	-34.78%
2013-01-31	-33.20%
2012-10-31	-28.75%
2012-07-31	-27.73%
2012-04-30	-23.03%
2012-01-31	-58.29%
2011-10-31	-61.29%
2011-07-31	-70.25%
2011-04-30	-68.91%
2011-01-31	-47.62%
2010-10-31	-55.78%
2010-07-31	-51.25%
2010-04-30	-63.99%
2010-01-31	-57.25%
2009-10-31	-54.49%
2009-07-31	-74.19%
2009-04-30	-93.76%
2009-01-31	-84.71%
2008-10-31	-72.58%
2008-07-31	-58.23%
2008-04-30	-45.76%
2008-01-31	-37.27%
2007-10-31	-34.54%
2007-07-31	-36.05%
2007-04-30	-34.82%
2007-01-31	-51.83%
2006-10-31	-45.16%
2006-07-31	-38.04%
2006-04-30	-33.98%
2006-01-31	-30.47%
2005-10-31	-29.18%
2005-07-31	-28.13%
2005-04-30	-26.57%
2005-01-31	-26.31%
2004-10-31	-41.31%
2004-07-31	-36.18%
2004-04-30	-32.23%
2004-01-31	-31.39%
2003-10-31	-35.56%
2003-07-31	-34.94%
2003-04-30	-32.11%

DATE

RETURN ON INVESTED CAPITAL (ROIC)

2026-04-30

-16.36%

2026-01-31

-12.28%

2025-10-31

-13.77%

2025-07-31

-26.35%

2025-04-30

-17.21%

2025-01-31

-17.32%

2024-10-31

-17.89%

2024-07-31

-17.20%

2024-04-30

-18.71%

2024-01-31

-17.75%

2023-10-31

-15.13%

2023-07-31

-15.89%

2023-04-30

-15.94%

2023-01-31

-14.45%

2022-10-31

-16.57%

2022-07-31

-14.15%

2022-04-30

-12.13%

2022-01-31

-12.09%

2021-10-31

-7.80%

2021-07-31

-7.03%

2021-04-30

-12.22%

2021-01-31

-9.81%

2020-10-31

-8.06%

2020-07-31

-13.77%

2020-04-30

-12.74%

2020-01-31

-15.62%

2019-10-31

-22.87%

2019-07-31

-14.97%

2019-04-30

-20.76%

2019-01-31

-18.30%

2018-10-31

-14.98%

2018-07-31

-14.16%

2018-04-30

-13.61%

2018-01-31

-13.00%

2017-10-31

-14.31%

2017-07-31

-17.01%

2017-04-30

-15.62%

2017-01-31

-15.70%

2016-10-31

-15.79%

2016-07-31

-15.42%

2016-04-30

-15.99%

2016-01-31

-15.91%

2015-10-31

-13.78%

2015-07-31

-12.20%

2015-04-30

-11.74%

2015-01-31

-11.81%

2014-10-31

-12.36%

2014-07-31

-14.18%

2014-04-30

-18.66%

2014-01-31

-16.13%

2013-10-31

-21.56%

2013-07-31

-22.43%

2013-04-30

-34.78%

2013-01-31

-33.20%

2012-10-31

-28.75%

2012-07-31

-27.73%

2012-04-30

-23.03%

2012-01-31

-58.29%

2011-10-31

-61.29%

2011-07-31

-70.25%

2011-04-30

-68.91%

2011-01-31

-47.62%

2010-10-31

-55.78%

2010-07-31

-51.25%

2010-04-30

-63.99%

2010-01-31

-57.25%

2009-10-31

-54.49%

2009-07-31

-74.19%

2009-04-30

-93.76%

2009-01-31

-84.71%

2008-10-31

-72.58%

2008-07-31

-58.23%

2008-04-30

-45.76%

2008-01-31

-37.27%

2007-10-31

-34.54%

2007-07-31

-36.05%

2007-04-30

-34.82%

2007-01-31

-51.83%

2006-10-31

-45.16%

2006-07-31

-38.04%

2006-04-30

-33.98%

2006-01-31

-30.47%

2005-10-31

-29.18%

2005-07-31

-28.13%

2005-04-30

-26.57%

2005-01-31

-26.31%

2004-10-31

-41.31%

2004-07-31

-36.18%

2004-04-30

-32.23%

2004-01-31

-31.39%

2003-10-31

-35.56%

2003-07-31

-34.94%

2003-04-30

-32.11%

Return on Invested Capital (ROIC): -16.36%

FCEL Return on Invested Capital (ROIC)

FCEL Average Return on Invested Capital (ROIC) Chart

FCEL Current vs Average Return on Invested Capital (ROIC) Chart

FCEL Return on Invested Capital (ROIC) Metrics

FCEL Competitors' Return on Invested Capital (ROIC)

Capital Efficiency

Return on Invested Capital (ROIC) Formula & Definition

Return on Invested Capital (ROIC) FAQ

FCEL Return on Invested Capital (ROIC) History

Related Metrics