FUELCELL ENERGY, INC. (FCEL) Return on equity 2016–2025
FUELCELL ENERGY, INC. (FCEL) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-28.4%FY2025 · since FY2016: -44.5% → -28.4%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | -28.4% | -9.2 pp |
| FY2024 | -19.2% | -3.4 pp |
| FY2023 | -15.8% | +5.1 pp |
| FY2022 | -20.9% | -5.1 pp |
| FY2021 | -15.7% | +30.1 pp |
| FY2020 | -45.8% | +56.6 pp |
| FY2019 | -102.4% | -44.8 pp |
| FY2018 | -57.6% | -4.4 pp |
| FY2017 | -53.2% | -8.7 pp |
| FY2016 | -44.5% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice
More FCEL financial trends
FCEL RevenueFCEL Net incomeFCEL Net marginFCEL Gross profitFCEL Gross marginFCEL Operating incomeFCEL Operating marginFCEL Operating cash flowFCEL Free cash flowFCEL Capital expendituresFCEL Stock buybacksFCEL Dividends paidFCEL Total assetsFCEL Total liabilitiesFCEL Shareholders’ equityFCEL overview →