Company data
FuelCell Energy, Inc. employees and revenue per employee
FCEL · Electrical Equipment & Parts · $1.44B market cap
FuelCell Energy, Inc. had 424 employees at the end of fiscal Oct 2025, down 27.4% from a year earlier. Revenue for the year was $158M, up 41.0% from a year earlier, or $373K per employee. Revenue held up or grew while headcount stayed flat or fell.
Employees
424
-27.4% YoY
Revenue
$158M
+41.0% YoY
Revenue / employee
$373K
Peer median $329K
Rank in industry
8 of 19
Electrical Equipment & Parts
Headcount against revenue
Both lines start at 100 in the first year we hold, so you can see which one grew faster.
Hover a year for the numbers.
| Year ending | Employees | Revenue | Per employee | Staff YoY | Revenue YoY |
|---|---|---|---|---|---|
| Oct 2025 | 424 | $158M | $373K | -27.4% | +41.0% |
| Oct 2024 | 584 | $112M | $192K | -1.2% | -9.1% |
| Oct 2023 | 591 | $123M | $209K | +15.2% | -5.4% |
| Oct 2022 | 513 | $130M | $254K | +34.3% | +87.5% |
| Oct 2021 | 382 | $69.6M | $182K | +20.9% | -1.8% |
| Oct 2020 | 316 | $70.9M | $224K | +5.0% | +16.7% |
| Oct 2019 | 301 | $60.8M | $202K | -38.4% | -32.1% |
| Oct 2018 | 489 | $89.4M | $183K | -2.2% | -6.5% |
| Oct 2017 | 500 | $95.7M | $191K | -13.8% | -11.6% |
| Oct 2016 | 580 | $108M | $187K | — | — |
Open roles: we have not matched a verified job board for this company yet.
FuelCell Energy, Inc. against similar companies
The closest industry peers by revenue, from Electrical Equipment & Parts.
| Company | Employees | Revenue | Revenue / employee | Shape |
|---|---|---|---|---|
| AMPX Amprius Technologies, Inc. | 97 | $73.0M | $753K | Leaner |
| HAYW Hayward Holdings, Inc. | 1,980 | $1.12B | $567K | Leaner |
| FCEL FuelCell Energy, Inc. | 424 | $158M | $373K | Leaner |
| POWL Powell Industries, Inc. | 3,143 | $1.10B | $351K | Hiring ahead |
| AMSC American Superconductor Corporation | 1,195 | $299M | $250K | Hiring ahead |
| LYTS LSI Industries Inc. | 3,000 | $689M | $230K | Hiring ahead |
| ALNT Allient Inc. | 2,478 | $554M | $224K | Leaner |
| PLPC Preformed Line Products Company | 3,734 | $669M | $179K | Efficient growth |
| SMR NuScale Power Corporation | 428 | $31.5M | $74K | Hiring into decline |
Questions about FuelCell Energy, Inc.
- How many employees does FuelCell Energy, Inc. have?
- FuelCell Energy, Inc. reported 424 employees for the fiscal year ending Oct 2025, in the annual report it filed on December 18, 2025. That is down 27.4% from a year earlier.
- What is FuelCell Energy, Inc.'s revenue per employee?
- FuelCell Energy, Inc. brought in $158M of revenue in fiscal Oct 2025, which is $373K per employee. That ranks 8 of 19 companies we track in Electrical Equipment & Parts, where the median is $329K.
- Where do these numbers come from?
- Employee counts and revenue are taken from each company's own annual report (Form 10-K). Open roles are counted from the company's public job board where we have matched one. Companies report headcount once a year, sometimes rounded, so small changes can be noise.
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Compare FCEL with the rest of the market
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Source: employee counts and revenue as stated in FuelCell Energy, Inc.'s annual reports (Form 10-K), latest filed December 18, 2025. This is data, not a recommendation to buy or sell FCEL.