FuelCell Energy Inc (FCEL) - Net Assets
Based on the latest financial reports, FuelCell Energy Inc (FCEL) has net assets worth $731.14 Million USD as of October 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($932.15 Million) and total liabilities ($201.00 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are FuelCell Energy Inc's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $731.14 Million |
| % of Total Assets | 78.44% |
| Annual Growth Rate | 13.53% |
| 5-Year Change | 3.66% |
| 10-Year Change | 319.59% |
| Growth Volatility | 125.84 |
FuelCell Energy Inc - Net Assets Trend (1992–2025)
This chart illustrates how FuelCell Energy Inc's net assets have evolved over time, based on quarterly financial data. Also explore FuelCell Energy Inc assets under control for the complete picture of this company's asset base.
Annual Net Assets for FuelCell Energy Inc (1992–2025)
The table below shows the annual net assets of FuelCell Energy Inc from 1992 to 2025. For live valuation and market cap data, see market value of FuelCell Energy Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | $731.14 Million | +0.51% |
| 2024-10-31 | $727.47 Million | -4.32% |
| 2023-10-31 | $760.30 Million | +0.78% |
| 2022-10-31 | $754.38 Million | +6.96% |
| 2021-10-31 | $705.33 Million | +177.24% |
| 2020-10-31 | $254.41 Million | +87.62% |
| 2019-10-31 | $135.59 Million | -23.36% |
| 2018-10-31 | $176.92 Million | -6.30% |
| 2017-10-31 | $188.81 Million | +8.36% |
| 2016-10-31 | $174.25 Million | +12.70% |
| 2015-10-31 | $154.61 Million | -2.33% |
| 2014-10-31 | $158.31 Million | +239.24% |
| 2013-10-31 | $46.66 Million | +230.30% |
| 2012-10-31 | $14.13 Million | +198.28% |
| 2011-10-31 | $-14.38 Million | -287.00% |
| 2010-10-31 | $7.69 Million | -83.18% |
| 2009-10-31 | $45.70 Million | -24.29% |
| 2008-10-31 | $60.37 Million | -58.63% |
| 2007-10-31 | $145.91 Million | +30.90% |
| 2006-10-31 | $111.46 Million | -53.84% |
| 2005-10-31 | $241.47 Million | +13.39% |
| 2004-10-31 | $212.96 Million | +3.84% |
| 2003-10-31 | $205.09 Million | -24.52% |
| 2002-10-31 | $271.70 Million | -15.02% |
| 2001-10-31 | $319.72 Million | +283.17% |
| 2000-10-31 | $83.44 Million | +456.27% |
| 1999-10-31 | $15.00 Million | -21.47% |
| 1998-10-31 | $19.10 Million | +29.05% |
| 1997-10-31 | $14.80 Million | +4.96% |
| 1996-10-31 | $14.10 Million | +15.57% |
| 1995-10-31 | $12.20 Million | +4.27% |
| 1994-10-31 | $11.70 Million | +2.63% |
| 1993-10-31 | $11.40 Million | +2.70% |
| 1992-10-31 | $11.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to FuelCell Energy Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 228781.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $5.00K | 0.00% |
| Other Comprehensive Income | $-289.00K | -0.04% |
| Other Components | $2.55 Billion | 353.41% |
| Total Equity | $722.04 Million | 100.00% |
FuelCell Energy Inc Competitors by Market Cap
The table below lists competitors of FuelCell Energy Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bredband2 i Skandinavien AB
ST:BRE2
|
$334.75 Million |
|
Cahya Mata Sarawak Bhd
KLSE:2852
|
$334.77 Million |
|
Delcath Systems Inc
NASDAQ:DCTH
|
$334.77 Million |
|
Mirbud SA
WAR:MRB
|
$334.81 Million |
|
Aeris Resources Ltd
AU:AIS
|
$334.59 Million |
|
Ascencio (D)
BR:ASCE
|
$334.42 Million |
|
Onity Group Inc.
NYSE:ONIT
|
$334.39 Million |
|
Selvaag Bolig ASA
OL:SBO
|
$334.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FuelCell Energy Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 716,779,000 to 722,036,000, a change of 5,257,000 (0.7%).
- Net loss of 187,899,000 reduced equity.
- Dividend payments of 3,200,000 reduced retained earnings.
- New share issuances of 185,685,000 increased equity.
- Other comprehensive income increased equity by 74,000.
- Other factors increased equity by 10,597,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-187.90 Million | -26.02% |
| Dividends Paid | $3.20 Million | -0.44% |
| Share Issuances | $185.69 Million | +25.72% |
| Other Comprehensive Income | $74.00K | +0.01% |
| Other Changes | $10.60 Million | +1.47% |
| Total Change | $- | 0.73% |
Book Value vs Market Value Analysis
This analysis compares FuelCell Energy Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.47x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.18x to 0.47x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1992-10-31 | $72.51 | $13.31 | x |
| 1993-10-31 | $82.04 | $13.31 | x |
| 1994-10-31 | $63.15 | $13.31 | x |
| 1995-10-31 | $98.77 | $13.31 | x |
| 1996-10-31 | $83.29 | $13.31 | x |
| 1997-10-31 | $106.51 | $13.31 | x |
| 1998-10-31 | $128.73 | $13.31 | x |
| 1999-10-31 | $85.21 | $13.31 | x |
| 2000-10-31 | $423.65 | $13.31 | x |
| 2001-10-31 | $1339.94 | $13.31 | x |
| 2002-10-31 | $999.75 | $13.31 | x |
| 2003-10-31 | $750.66 | $13.31 | x |
| 2004-10-31 | $640.57 | $13.31 | x |
| 2005-10-31 | $720.49 | $13.31 | x |
| 2006-10-31 | $284.34 | $13.31 | x |
| 2007-10-31 | $311.33 | $13.31 | x |
| 2008-10-31 | $98.82 | $13.31 | x |
| 2009-10-31 | $61.12 | $13.31 | x |
| 2010-10-31 | $12.80 | $13.31 | x |
| 2011-10-31 | $-15.56 | $13.31 | x |
| 2012-10-31 | $12.63 | $13.31 | x |
| 2013-10-31 | $36.63 | $13.31 | x |
| 2014-10-31 | $93.69 | $13.31 | x |
| 2015-10-31 | $75.93 | $13.31 | x |
| 2016-10-31 | $70.23 | $13.31 | x |
| 2017-10-31 | $45.39 | $13.31 | x |
| 2018-10-31 | $25.66 | $13.31 | x |
| 2019-10-31 | $2.46 | $13.31 | x |
| 2020-10-31 | $1.15 | $13.31 | x |
| 2021-10-31 | $2.10 | $13.31 | x |
| 2022-10-31 | $1.94 | $13.31 | x |
| 2023-10-31 | $1.77 | $13.31 | x |
| 2024-10-31 | $2.74 | $13.31 | x |
| 2025-10-31 | $28.05 | $13.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FuelCell Energy Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -26.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -118.80%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 1.29x
- Recent ROE (-26.02%) is above the historical average (-57.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | 0.90% | 0.59% | 0.79x | 1.94x | $-1.01 Million |
| 1993 | 2.63% | 1.35% | 1.07x | 1.82x | $-840.00K |
| 1994 | 1.71% | 0.66% | 1.34x | 1.92x | $-970.00K |
| 1995 | 3.28% | 1.18% | 1.43x | 1.95x | $-820.00K |
| 1996 | 3.55% | 1.70% | 1.25x | 1.67x | $-910.00K |
| 1997 | 2.70% | 1.61% | 1.16x | 1.45x | $-1.08 Million |
| 1998 | -2.52% | -1.65% | 0.91x | 1.69x | $-1.99 Million |
| 1999 | -6.76% | -5.00% | 1.01x | 1.34x | $-2.48 Million |
| 2000 | -5.36% | -21.53% | 0.23x | 1.09x | $-12.78 Million |
| 2001 | -4.83% | -58.97% | 0.08x | 1.04x | $-47.41 Million |
| 2002 | -17.98% | -118.45% | 0.14x | 1.07x | $-76.01 Million |
| 2003 | -32.87% | -199.51% | 0.15x | 1.09x | $-87.92 Million |
| 2004 | -40.59% | -275.42% | 0.13x | 1.11x | $-107.74 Million |
| 2005 | -28.24% | -224.52% | 0.11x | 1.10x | $-92.33 Million |
| 2006 | -75.50% | -228.63% | 0.16x | 2.05x | $-86.18 Million |
| 2007 | -51.24% | -142.38% | 0.19x | 1.89x | $-82.08 Million |
| 2008 | -198.39% | -92.68% | 0.54x | 3.94x | $-98.06 Million |
| 2009 | -225.50% | -78.72% | 0.54x | 5.29x | $-72.36 Million |
| 2010 | -638.28% | -76.38% | 0.46x | 18.03x | $-54.13 Million |
| 2011 | 0.00% | -37.30% | 0.67x | 0.00x | $-44.37 Million |
| 2012 | -244.64% | -29.43% | 0.63x | 13.20x | $-36.95 Million |
| 2013 | -72.42% | -18.31% | 0.79x | 5.01x | $-39.10 Million |
| 2014 | -23.85% | -21.15% | 0.68x | 1.67x | $-54.11 Million |
| 2015 | -18.92% | -18.00% | 0.59x | 1.79x | $-44.88 Million |
| 2016 | -29.24% | -47.07% | 0.32x | 1.96x | $-68.38 Million |
| 2017 | -28.55% | -56.34% | 0.25x | 2.03x | $-72.78 Million |
| 2018 | -26.75% | -52.92% | 0.26x | 1.92x | $-65.03 Million |
| 2019 | -57.21% | -127.68% | 0.18x | 2.46x | $-91.13 Million |
| 2020 | -35.03% | -125.73% | 0.14x | 2.06x | $-114.55 Million |
| 2021 | -14.38% | -145.18% | 0.08x | 1.25x | $-171.25 Million |
| 2022 | -19.78% | -112.84% | 0.14x | 1.26x | $-221.66 Million |
| 2023 | -14.49% | -87.17% | 0.13x | 1.29x | $-181.80 Million |
| 2024 | -17.58% | -112.38% | 0.12x | 1.32x | $-197.69 Million |
| 2025 | -26.02% | -118.80% | 0.17x | 1.29x | $-260.10 Million |
Industry Comparison
This section compares FuelCell Energy Inc's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $123,494,394
- Average return on equity (ROE) among peers: -71.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FuelCell Energy Inc (FCEL) | $731.14 Million | 0.90% | 0.27x | $334.63 Million |
| Advent Technologies Holdings Inc (ADN) | $-21.30 Million | 0.00% | 0.00x | $1.38 Million |
| Ads Tec Energy PLC (ADSE) | $33.92 Million | -162.39% | 2.67x | $642.11 Million |
| Advanced Energy Industries Inc (AEIS) | $376.55 Million | -0.47% | 0.12x | $14.26 Billion |
| Amprius Technologies Inc. (AMPX) | $1.17 Million | -634.56% | 4.70x | $1.30 Billion |
| Asia Pacific Wire & Cable Corp Ltd (APWC) | $234.61 Million | 4.67% | 0.66x | $63.09 Million |
| Atkore International Group Inc (ATKR) | $1.47 Billion | 46.99% | 1.00x | $2.02 Billion |
| Acuity Brands Inc (AYI) | $993.50 Million | 12.82% | 0.92x | $8.87 Billion |
| Bloom Energy Corp (BE) | $-1.97 Billion | 0.00% | 0.00x | $39.20 Billion |
| CBAK Energy Technology Inc (CBAT) | $113.46 Million | -2.16% | 1.48x | $70.92 Million |
| CCSC Technology International Holdings Limited Ordinary Shares (CCTG) | $1.39 Million | 20.24% | 0.55x | $2.10 Million |
About FuelCell Energy Inc
FuelCell Energy, Inc., together with its subsidiaries, engages in the design, development, production, construction, operation, and servicing of high temperature fuel cells for clean electric power generation. The company engages in the provision of carbonate fuel cell technology; and commercialization of solid oxide electrolysis technology for distributed hydrogen. It also offers carbonate fuel … Read more