FuelCell Energy (FCEL) Revenue & Revenue Breakdown

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FuelCell Energy Revenue Highlights

Latest Revenue (Y)

$112.13M

Latest Revenue (Q)

$23.70M

Main Segment (Y)

Electricity, Generation

Main Geography (Y)

UNITED STATES

FuelCell Energy Revenue by Period

FuelCell Energy Revenue by Year

Date	Revenue	Change
2024-10-31	$112.13M	-9.13%
2023-10-31	$123.39M	-5.43%
2022-10-31	$130.48M	87.52%
2021-10-31	$69.58M	-1.81%
2020-10-31	$70.87M	16.66%
2019-10-31	$60.75M	-32.07%
2018-10-31	$89.44M	-6.51%
2017-10-31	$95.67M	-11.63%
2016-10-31	$108.25M	-33.62%
2015-10-31	$163.08M	-9.55%
2014-10-31	$180.29M	-3.92%
2013-10-31	$187.66M	55.60%
2012-10-31	$120.60M	-1.60%
2011-10-31	$122.57M	75.66%
2010-10-31	$69.78M	-20.72%
2009-10-31	$88.02M	-12.63%
2008-10-31	$100.73M	108.85%
2007-10-31	$48.23M	44.90%
2006-10-31	$33.29M	9.61%
2005-10-31	$30.37M	-3.24%
2004-10-31	$31.39M	-7.11%
2003-10-31	$33.79M	-18.05%
2002-10-31	$41.23M	57.50%
2001-10-31	$26.18M	26.38%
2000-10-31	$20.71M	3.58%
1999-10-31	$20.00M	-17.70%
1998-10-31	$24.30M	-2.02%
1997-10-31	$24.80M	-15.65%
1996-10-31	$29.40M	-13.53%
1995-10-31	$34.00M	12.96%
1994-10-31	$30.10M	35.59%
1993-10-31	$22.20M	-

FuelCell Energy generated $112.13M in revenue during NA 2024, up -9.13% compared to the previous quarter, and up 184.57% compared to the same period a year ago.

FuelCell Energy Revenue by Quarter

Date	Revenue	Change
2024-07-31	$23.70M	5.69%
2024-04-30	$22.42M	34.32%
2024-01-31	$16.69M	-25.69%
2023-10-31	$22.46M	-11.95%
2023-07-31	$25.51M	-33.48%
2023-04-30	$38.35M	3.44%
2023-01-31	$37.07M	-5.43%
2022-10-31	$39.20M	-9.05%
2022-07-31	$43.10M	163.09%
2022-04-30	$16.38M	-48.47%
2022-01-31	$31.80M	128.17%
2021-10-31	$13.94M	-48.04%
2021-07-31	$26.82M	92.22%
2021-04-30	$13.95M	-6.21%
2021-01-31	$14.88M	-12.48%
2020-10-31	$17.00M	-9.23%
2020-07-31	$18.73M	-0.81%
2020-04-30	$18.88M	16.08%
2020-01-31	$16.26M	47.31%
2019-10-31	$11.04M	-51.39%
2019-07-31	$22.71M	146.44%
2019-04-30	$9.22M	-48.18%
2019-01-31	$17.78M	-0.56%
2018-10-31	$17.88M	47.68%
2018-07-31	$12.11M	-41.86%
2018-04-30	$20.83M	-46.05%
2018-01-31	$38.61M	-19.37%
2017-10-31	$47.89M	362.34%
2017-07-31	$10.36M	-49.27%
2017-04-30	$20.42M	20.09%
2017-01-31	$17.00M	-30.53%
2016-10-31	$24.47M	12.70%
2016-07-31	$21.72M	-24.02%
2016-04-30	$28.58M	-14.64%
2016-01-31	$33.48M	-34.92%
2015-10-31	$51.45M	24.41%
2015-07-31	$41.36M	44.60%
2015-04-30	$28.60M	-31.37%
2015-01-31	$41.67M	-23.41%
2014-10-31	$54.41M	26.02%
2014-07-31	$43.18M	12.81%
2014-04-30	$38.27M	-13.86%
2014-01-31	$44.43M	-19.44%
2013-10-31	$55.16M	2.70%
2013-07-31	$53.71M	26.56%
2013-04-30	$42.44M	16.72%
2013-01-31	$36.36M	2.65%
2012-10-31	$35.42M	19.29%
2012-07-31	$29.69M	22.94%
2012-04-30	$24.15M	-22.92%
2012-01-31	$31.34M	-9.75%
2011-10-31	$34.72M	11.43%
2011-07-31	$31.16M	8.92%
2011-04-30	$28.61M	1.88%
2011-01-31	$28.08M	42.53%
2010-10-31	$19.70M	4.39%
2010-07-31	$18.87M	13.78%
2010-04-30	$16.59M	13.49%
2010-01-31	$14.62M	-28.40%
2009-10-31	$20.41M	-11.32%
2009-07-31	$23.02M	0.67%
2009-04-30	$22.86M	5.25%
2009-01-31	$21.72M	-16.99%
2008-10-31	$26.17M	-6.22%
2008-07-31	$27.90M	-11.82%
2008-04-30	$31.64M	110.69%
2008-01-31	$15.02M	-

FuelCell Energy generated $23.70M in revenue during Q3 2024, up 5.69% compared to the previous quarter, and up 61.79% compared to the same period a year ago.

FuelCell Energy Revenue Breakdown

FuelCell Energy Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Oct 24	Oct 22	Oct 20	Oct 19	Oct 18
Service	$9.97M	-	-	-	-
Electricity, Generation	$172.40M	-	-	-	-
Advanced Technologies	$26.51M	$25.80M	$19.62M	$14.02M	-
Product	$111.30M	$9.10M	$481.00K	-	-
Electricity Generation	-	-	$19.94M	$14.03M	$7.17M
License And Service	-	-	$25.13M	$26.62M	-

FuelCell Energy's latest annual revenue breakdown by segment (product or service), as of Oct 24: Electricity, Generation (53.84%), Product (34.76%), Advanced Technologies (8.28%), and Service (3.11%).

Quarterly Revenue by Product

Product/Service	Oct 24	Jul 24	Apr 24	Jan 24	Jul 22	Apr 22	Jan 22	Jul 21	Apr 21	Jan 21	Oct 20	Jul 20	Apr 20	Jan 20	Oct 19	Jul 19	Apr 19	Jan 19	Oct 18	Jul 18
Service	$7.19M	$1.41M	$1.37M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advanced Technologies	-	$10.90M	$14.20M	$18.30M	$6.25M	$7.11M	$5.07M	$6.42M	$6.89M	$7.28M	$5.21M	$4.33M	$5.77M	$4.99M	$4.53M	$3.71M	$3.54M	-	-	-
Product	-	$136.70M	$12.30M	-	$38.30M	$60.20M	$60.20M	-	-	-	-	-	-	-	-	-	-	-	-	-
Generation	-	$396.40M	$335.30M	$346.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
License And Service	-	-	-	-	-	-	-	$14.34M	$660.00K	$4.91M	$5.44M	$7.11M	$6.97M	$5.61M	$752.00K	$11.50M	$2.60M	$11.77M	-	-
Electricity Generation	-	-	-	-	-	-	-	$6.23M	$6.18M	$4.89M	$5.15M	$4.72M	$4.63M	$5.44M	$5.47M	$5.45M	$1.63M	$1.48M	$1.84M	$1.70M

FuelCell Energy's latest quarterly revenue breakdown by segment (product or service), as of Oct 24: Service (100.00%).

FuelCell Energy Revenue Breakdown by Country

Annual Revenue by Country

Country	Oct 24	Oct 20	Oct 19	Oct 18
UNITED STATES	$86.96M	$67.75M	$56.21M	$50.95M
CANADA	$415.00K	$23.00K	-	-
Europe	$1.92M	-	-	-
KOREA, REPUBLIC OF	$22.84M	$2.06M	$2.69M	$36.28M
GERMANY	-	$414.00K	$359.00K	$1.79M
SWITZERLAND	-	$623.00K	-	-

FuelCell Energy's latest annual revenue breakdown by geography, as of Oct 24: UNITED STATES (77.55%), KOREA, REPUBLIC OF (20.37%), Europe (1.71%), and CANADA (0.37%).

Quarterly Revenue by Country

Country	Jul 22	Apr 22	Jan 22	Jul 21	Apr 21	Jan 21	Oct 20	Jul 20	Apr 20	Jan 20	Oct 19	Jul 19	Apr 19	Jan 19	Oct 18	Jul 18
Product	$38.30M	$60.20M	$60.20M	-	-	-	-	-	-	-	-	-	-	-	-	-
License And Service	-	-	-	$14.34M	$660.00K	$4.91M	$5.44M	$7.11M	$6.97M	$5.61M	$752.00K	$11.50M	$2.60M	$11.77M	-	-
Advanced Technologies	-	-	-	$6.25M	$7.11M	$5.07M	$6.42M	$6.89M	$7.28M	$5.21M	$4.33M	$5.77M	$4.99M	$4.53M	$3.71M	$3.54M
Electricity Generation	-	-	-	$6.23M	$6.18M	$4.89M	$5.15M	$4.72M	$4.63M	$5.44M	$5.47M	$5.45M	$1.63M	$1.48M	$1.84M	$1.70M

FuelCell Energy's latest quarterly revenue breakdown by geography, as of Jul 22: Product (100.00%).

FuelCell Energy Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
BE	Bloom Energy	$1.33B	$330.40M
MVST	Microvast	$306.62M	$101.39M
FCEL	FuelCell Energy	$112.13M	$23.70M
PPSI	Pioneer Power Solutions	$40.80M	$6.34M
SLDP	Solid Power	$17.41M	$15.68M
EOSE	Eos Energy Enterprises	$16.38M	$854.00K
POLA	Polar Power	$15.29M	$4.91M
ENVX	Enovix	$263.00K	$3.77M
FREY	FREYR Battery	-	-
PLUG	Plug Power	-	$143.35M

FCEL Revenue FAQ

What is FuelCell Energy’s yearly revenue?

FuelCell Energy's yearly revenue for 2024 was $112.13M, representing a decrease of -9.13% compared to 2023. The company's yearly revenue for 2023 was $123.39M, representing a decrease of -5.43% compared to 2022. FCEL's yearly revenue for 2022 was $130.48M, representing an increase of 87.52% compared to 2021.

What is FuelCell Energy’s quarterly revenue?

FuelCell Energy's quarterly revenue for Q3 2024 was $23.7M, a 5.69% increase from the previous quarter (Q2 2024), and a -7.11% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $22.42M, a 34.32% increase from the previous quarter (Q1 2024), and a -41.54% decrease year-over-year (Q2 2023). FCEL's quarterly revenue for Q1 2024 was $16.69M, a -25.69% decrease from the previous quarter (Q4 2023), and a -54.98% decrease year-over-year (Q1 2023).

What is FuelCell Energy’s revenue growth rate?

FuelCell Energy's revenue growth rate for the last 3 years (2022-2024) was -14.06%, and for the last 5 years (2020-2024) was 58.22%.

What are FuelCell Energy’s revenue streams?

FuelCell Energy's revenue streams in t 24 are Service, Electricity, Generation, Advanced Technologies, and Product. Service generated $9.97M in revenue, accounting 3.11% of the company's total revenue Electricity, Generation generated $172.4M in revenue, accounting 53.84% of the company's total revenue Advanced Technologies generated $26.51M in revenue, accounting 8.28% of the company's total revenue, up 2.78% year-over-year. Product generated $111.3M in revenue, accounting 34.76% of the company's total revenue, up 1123.08% year-over-year.

What is FuelCell Energy’s main source of revenue?

For the fiscal year ending Oct 24, the largest source of revenue of FuelCell Energy was Electricity, Generation. This segment made a revenue of $172.4M, representing 53.84% of the company's total revenue.