Revenue (FY 2025)
↑41.0% YoY
$158.16M
3-Yr CAGR: 6.6%
Net Income
↓-49.1% YoY
-$187.90M
Net Margin: -118.8%
Free Cash Flow
↑30.4% YoY
-$147.83M
FCF Yield: -15.89%
EPS (Diluted)
↑5.2% YoY
$-7.42
Basic: $-7.42
Return on Equity
Efficiency
-28.4%
ROA: -20.2%
📊 Multi-Year Historical Performance & Trends
Financial Performance History
Revenue, Net Income & Free Cash Flow
Margins Trend (%)
Gross, Operating & Net Margins
Balance Sheet Strength
Cash, Debt & Equity
Cash Flow Generation
Operating Cash Flow vs CapEx vs FCF
📈 Year-over-Year (YoY) Growth History (FCEL)
All monetary values in millions ($M)| Fiscal Year | Revenue | Revenue YoY | Gross Profit | Net Income | Net Inc YoY | Diluted EPS | EPS YoY | Div / Sh | Div Yield | Op. Cash Flow | Free Cash Flow | FCF YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2016 | $108.3M | — | $-0.4M | $-51.0M | — | $-1.82 | — | — | — | $-46.6M | $-54.3M | — |
| FY 2017 | $95.7M | -11.6% | $2.7M | $-53.9M | -5.8% | $-1.14 | +37.4% | — | — | $-71.8M | $-84.2M | -55.0% |
| FY 2018 | $89.4M | -6.5% | $3.1M | $-47.3M | +12.2% | $-0.75 | +34.2% | — | — | $16.3M | $6.3M | +107.5% |
| FY 2019 | $60.8M | -32.1% | $-21.3M | $-77.6M | -63.9% | $-1.82 | -142.7% | — | — | $-30.6M | $-32.7M | -619.9% |
| FY 2020 | $70.9M | +16.7% | $-7.7M | $-89.1M | -14.9% | $-0.42 | +76.9% | — | — | $-36.8M | $-37.2M | -13.6% |
| FY 2021 | $69.6M | -1.8% | $-15.6M | $-101.1M | -13.4% | $-0.31 | +26.2% | — | — | $-70.4M | $-76.8M | -106.6% |
| FY 2022 | $130.5M | +87.5% | $-29.6M | $-142.7M | -41.2% | $-0.38 | -22.6% | $0.01 | — | $-112.2M | $-158.8M | -106.8% |
| FY 2023 | $123.4M | -5.4% | $-10.5M | $-107.6M | +24.6% | $-0.26 | +31.6% | $0.01 | — | $-140.2M | $-232.6M | -46.5% |
| FY 2024 | $112.1M | -9.1% | $-35.9M | $-126.0M | -17.1% | $-7.83 | -2,911.5% | $0.19 | — | $-152.9M | $-212.5M | +8.7% |
| FY 2025 | $158.2M | +41.0% | $-26.4M | $-187.9M | -49.1% | $-7.42 | +5.2% | $0.12 | — | $-125.3M | $-147.8M | +30.4% |
Valuation
Market Price
$14.65
Market Cap
$930.15M
Enterprise Value
$683.75M
P/E Ratio
N/A
P/B Ratio
1.41
FCF Yield
-15.89%
Dividend Yield
0.85%
Shares Outstanding
Profitability & Margins
Gross Margin
-16.70%
Operating Margin
-121.61%
Net Margin
-118.80%
Return on Equity (ROE)
-28.38%
Return on Assets (ROA)
-20.16%
Asset Turnover
0.17x
Revenue 3-Yr CAGR
6.62%
Financial Health & Liquidity
Current Ratio
6.63
Cash Ratio
4.10
Debt / Equity
0.048
Debt / Assets
0.034
Cash & Equivalents
$278.10M
Total Debt
$31.69M
Book Value / Share
$10.43
Cash Flow Efficiency
Operating Cash Flow
-$125.29M
Capital Expenditures (CapEx)
$22.54M
Free Cash Flow
-$147.83M
OCF / Revenue
-79.22%
FCF / Revenue
-93.47%
FCF 3-Yr CAGR
N/A
Per Share Metrics
EPS (Diluted)
$-7.42
EPS (Basic)
$-7.42
Dividends / Share
$0.12
Book Value / Share
$10.43
EPS YoY Growth
5.24%
Balance Sheet (FY 2025)
Total Assets
$932.15M
Total Liabilities
$269.97M
Stockholders' Equity
$662.18M
Current Assets
$449.81M
Current Liabilities
$67.84M