FutureFuel Corp. (FF) 10-Year Financial Performance & Capital Metrics

FF • • Industrial / General

Basic MaterialsChemicalsBio-based & Renewable ChemicalsBiofuels & Renewable Chemicals

AboutFutureFuel Corp., through its subsidiary, FutureFuel Chemical Company, manufactures and sells diversified chemical, bio-based fuel, and bio-based specialty chemical products in the United States. The company operates through two segments, Chemicals and Biofuels. The Chemicals segment provides various custom chemicals that are used in the agricultural chemical, coatings, chemical intermediates, industrial and consumer cleaning, oil and gas, and specialty polymers industries; and performance chemicals, such as polymer modifiers, glycerin products, and various specialty chemicals and solvents. The Biofuels segment is involved in the production and sale of biodiesel and petrodiesel blends; and the buying, sale, and shipping of refined petroleum products on common carrier pipelines. This segment markets its biodiesel products directly to customers through trucks, rail, and barges. FutureFuel Corp. is headquartered in Saint Louis, Missouri.Show more

Revenue $243M -33.9%
EBITDA $16M -58.7%
Net Income $16M -58.5%
EPS (Diluted) 0.35 -58.8%
Gross Margin 8.07% -27.5%
EBITDA Margin 6.4% -37.5%
Operating Margin 2.62% -64.8%
Net Margin 6.37% -37.2%
ROE 6.01% -52.3%
ROIC 5.11% -75.3%
Debt/Equity -
Interest Coverage 46.17 -76.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 10.3%
✓Trading at only 0.7x book value

✗Weaknesses

✗Profits declining 29.4% over 5 years
✗Weak Piotroski F-Score: 3/9
✗Dividend payout exceeds 100% of earnings
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-3.34%

5Y3.47%

3Y-8.86%

TTM-49.82%

Profit (Net Income) CAGR

10Y-11.6%

5Y-29.37%

3Y-16.11%

TTM-195.84%

EPS CAGR

10Y-11.74%

5Y-29.57%

3Y-16.45%

TTM-195.68%

ROCE

10Y Avg7.51%

5Y Avg5.07%

3Y Avg5.62%

Latest2.36%

Peer Comparison

Biofuels & Renewable Chemicals

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFFutureFuel Corp.	148.05M	3.38	9.66	-33.92%	-25.17%	-20.45%	6.84%
ORGNOrigin Materials, Inc.	31.35M	0.20	-0.35	8.6%	-275.03%	-23.42%		0.03

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	299.61M	253.19M	275.03M	291.02M	205.23M	204.5M	321.39M	396.01M	368.25M	243.34M
Revenue Growth %	-0.12%	-0.15%	0.09%	0.06%	-0.29%	-0%	0.57%	0.23%	-0.07%	-0.34%
Cost of Goods Sold+	242.56M	206.34M	254.76M	217.62M	131.09M	173.2M	297.85M	367.02M	327.27M	223.69M
COGS % of Revenue	0.81%	0.81%	0.93%	0.75%	0.64%	0.85%	0.93%	0.93%	0.89%	0.92%
Gross Profit+	57.05M	46.86M	20.26M	73.4M	74.14M	31.31M	23.54M	28.99M	40.98M	19.64M
Gross Margin %	0.19%	0.19%	0.07%	0.25%	0.36%	0.15%	0.07%	0.07%	0.11%	0.08%
Gross Profit Growth %	-0.14%	-0.18%	-0.57%	2.62%	0.01%	-0.58%	-0.25%	0.23%	0.41%	-0.52%
Operating Expenses+	10.07M	10.34M	10.37M	9.96M	8.83M	8.97M	10.64M	11.45M	13.61M	13.27M
OpEx % of Revenue	0.03%	0.04%	0.04%	0.03%	0.04%	0.04%	0.03%	0.03%	0.04%	0.05%
Selling, General & Admin	7.33M	7.62M	6.71M	6.43M	5.64M	5.98M	7.16M	8.03M	9.21M	9.28M
SG&A % of Revenue	0.02%	0.03%	0.02%	0.02%	0.03%	0.03%	0.02%	0.02%	0.03%	0.04%
Research & Development	2.74M	2.71M	3.66M	3.52M	3.19M	2.99M	3.48M	3.42M	4.4M	3.99M
R&D % of Revenue	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%	0.02%
Other Operating Expenses	0	0	0	-3.26M	0	0	0	0	0	0
Operating Income+	37.87M	36.52M	9.89M	63.44M	65.31M	22.34M	12.9M	17.55M	27.37M	6.37M
Operating Margin %	0.13%	0.14%	0.04%	0.22%	0.32%	0.11%	0.04%	0.04%	0.07%	0.03%
Operating Income Growth %	-0.33%	-0.04%	-0.73%	5.42%	0.03%	-0.66%	-0.42%	0.36%	0.56%	-0.77%
EBITDA+	48.06M	47.34M	21.53M	74.39M	77.4M	33.49M	23.35M	28M	37.72M	15.58M
EBITDA Margin %	0.16%	0.19%	0.08%	0.26%	0.38%	0.16%	0.07%	0.07%	0.1%	0.06%
EBITDA Growth %	-0.26%	-0.01%	-0.55%	2.45%	0.04%	-0.57%	-0.3%	0.2%	0.35%	-0.59%
D&A (Non-Cash Add-back)	10.19M	10.82M	11.64M	10.95M	12.09M	11.15M	10.45M	10.45M	10.35M	9.21M
EBIT	52M	40.98M	16.65M	60.35M	65.31M	22.34M	16.06M	13.87M	37.52M	16.43M
Net Interest Income+	4.97M	5.98M	7.64M	9.01M	9.88M	5.5M	2.99M	4.74M	9.44M	7.52M
Interest Income	5.11M	6.15M	7.81M	9.18M	10.05M	5.65M	3.12M	4.87M	9.58M	7.66M
Interest Expense	134K	173K	172K	173K	173K	151K	131K	128K	138K	138K
Other Income/Expense	4.9M	4.28M	6.76M	-3.26M	14.49M	9.44M	3.03M	-3.81M	10.02M	9.92M
Pretax Income+	51.87M	40.81M	16.65M	60.18M	79.8M	31.78M	15.93M	13.74M	37.38M	16.3M
Pretax Margin %	0.17%	0.16%	0.06%	0.21%	0.39%	0.16%	0.05%	0.03%	0.1%	0.07%
Income Tax+	5.45M	-15.54M	-6.86M	7.02M	-8.39M	-14.79M	-10.32M	-1.47M	1K	792K
Effective Tax Rate %	0.89%	1.38%	1.41%	0.88%	1.11%	1.47%	1.65%	1.11%	1%	0.95%
Net Income+	46.42M	56.34M	23.51M	53.16M	88.18M	46.56M	26.25M	15.21M	37.38M	15.5M
Net Margin %	0.15%	0.22%	0.09%	0.18%	0.43%	0.23%	0.08%	0.04%	0.1%	0.06%
Net Income Growth %	-0.13%	0.21%	-0.58%	1.26%	0.66%	-0.47%	-0.44%	-0.42%	1.46%	-0.59%
Net Income (Continuing)	46.42M	56.34M	23.51M	53.16M	88.18M	46.56M	26.25M	15.21M	37.38M	15.5M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.06	1.29	0.54	1.22	2.02	1.06	0.60	0.35	0.85	0.35
EPS Growth %	-0.13%	0.22%	-0.58%	1.26%	0.66%	-0.48%	-0.43%	-0.42%	1.43%	-0.59%
EPS (Basic)	1.06	1.29	0.54	1.22	2.02	1.06	0.60	0.35	0.85	0.35
Diluted Shares Outstanding	43.45M	43.55M	43.55M	43.73M	43.74M	43.74M	43.76M	43.76M	43.77M	43.78M
Basic Shares Outstanding	43.43M	43.54M	43.54M	43.54M	43.74M	43.74M	43.76M	43.76M	43.76M	43.78M
Dividend Payout Ratio	0.23%	0.19%	4.71%	0.2%	0.12%	3.04%	0.4%	0.69%	0.28%	7.73%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	359.82M	405.28M	310.36M	362.33M	480.89M	342.61M	255.83M	273.78M	290.55M	164.79M
Cash & Short-Term Investments	228.72M	305.42M	235.33M	294.86M	316.95M	262.53M	184.71M	212.77M	219.44M	109.54M
Cash Only	154.05M	199.27M	114.63M	214.97M	243.33M	198.12M	137.52M	175.64M	219.44M	109.54M
Short-Term Investments	74.67M	106.15M	120.7M	79.89M	73.62M	64.4M	47.19M	37.13M	0	0
Accounts Receivable	15.43M	19.25M	22.14M	18.14M	114.87M	40.48M	39.13M	28.16M	30.35M	21.95M
Days Sales Outstanding	18.8	27.75	29.38	22.75	204.29	72.25	44.44	25.96	30.08	32.92
Inventory	64.96M	52.09M	43.75M	39.3M	37.57M	33.89M	26.92M	26.76M	25.38M	20.64M
Days Inventory Outstanding	97.74	92.15	62.69	65.91	104.62	71.42	32.99	26.61	28.31	33.68
Other Current Assets	49.04M	26.82M	7.47M	8.26M	9.55M	1.74M	1.48M	2.38M	11.01M	8.68M
Total Non-Current Assets+	129.28M	123.76M	115.2M	108.83M	105.62M	98.7M	88.5M	82.19M	76.53M	82.91M
Property, Plant & Equipment	124.33M	118.15M	109.73M	103.58M	98.6M	91.54M	82.9M	76.94M	72.71M	78.54M
Fixed Asset Turnover	2.41x	2.14x	2.51x	2.81x	2.08x	2.23x	3.88x	5.15x	5.06x	3.10x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	1.41M	1.41M	1.41M	1.41M	1.41M	1.41M	0	0	0	0
Long-Term Investments	-8.47M	-33.47M	-22.46M	-19.43M	-12.96M	0	0	0	0	0
Other Non-Current Assets	4.96M	5.61M	5.47M	5.25M	5.61M	5.75M	5.6M	5.25M	3.82M	4.37M
Total Assets+	489.11M	529.04M	425.56M	471.15M	586.5M	441.3M	344.33M	355.97M	367.08M	247.69M
Asset Turnover	0.61x	0.48x	0.65x	0.62x	0.35x	0.46x	0.93x	1.11x	1.00x	0.98x
Asset Growth %	0.06%	0.08%	-0.2%	0.11%	0.24%	-0.25%	-0.22%	0.03%	0.03%	-0.33%
Total Current Liabilities+	48.55M	144.05M	35.28M	39.49M	82.76M	32.99M	35.06M	56.1M	41.34M	33.31M
Accounts Payable	34.69M	24.05M	19.58M	21.67M	62.55M	12.32M	21.93M	35.45M	21.33M	9.73M
Days Payables Outstanding	52.19	42.55	28.05	36.35	174.18	25.97	26.88	35.26	23.79	15.88
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	904K
Other Current Liabilities	2.65M	113.6M	11.99M	11.99M	11.9M	2.86M	3.52M	3.68M	3.02M	1.84M
Current Ratio	7.41x	2.81x	8.80x	9.18x	5.81x	10.39x	7.30x	4.88x	7.03x	4.95x
Quick Ratio	6.07x	2.45x	7.56x	8.18x	5.36x	9.36x	6.53x	4.40x	6.41x	4.33x
Cash Conversion Cycle	64.35	77.35	64.02	52.31	134.73	117.7	50.56	17.31	34.6	50.73
Total Non-Current Liabilities+	46.26M	52.18M	38.69M	42.59M	36.64M	36.43M	20.35M	16.87M	15.86M	8.56M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	29.12M	32.06M	21.05M	18.03M	12.96M	12.33M	1.87M	0	0	773K
Other Non-Current Liabilities	1.22M	3.33M	38.69M	22.27M	0	2.24M	1.72M	1.79M	3.29M	1.47M
Total Liabilities	94.82M	196.23M	73.97M	82.08M	119.41M	69.42M	55.4M	72.97M	57.2M	41.87M
Total Debt+	0	0	0	0	537K	491K	644K	630K	389K	0
Net Debt	-154.05M	-199.27M	-114.63M	-214.97M	-242.79M	-197.63M	-136.88M	-175.01M	-219.06M	-109.54M
Debt / Equity	-	-	-	-	0.00x	0.00x	0.00x	0.00x	0.00x	-
Debt / EBITDA	-	-	-	-	0.01x	0.01x	0.03x	0.02x	0.01x	-
Net Debt / EBITDA	-3.21x	-4.21x	-5.32x	-2.89x	-3.14x	-5.90x	-5.86x	-6.25x	-5.81x	-7.03x
Interest Coverage	282.61x	211.12x	57.48x	366.70x	377.51x	147.94x	98.46x	137.08x	198.32x	46.17x
Total Equity+	394.29M	332.81M	351.6M	389.08M	467.1M	371.88M	288.93M	283M	309.88M	205.82M
Equity Growth %	0.1%	-0.16%	0.06%	0.11%	0.2%	-0.2%	-0.22%	-0.02%	0.09%	-0.34%
Book Value per Share	9.08	7.64	8.07	8.90	10.68	8.50	6.60	6.47	7.08	4.70
Total Shareholders' Equity	394.29M	332.81M	351.6M	389.08M	467.1M	371.88M	288.93M	283M	309.88M	205.82M
Common Stock	4K	4K	4K	4K	4K	4K	4K	4K	4K	4K
Retained Earnings	113M	48.18M	61.2M	106.95M	184.63M	89.46M	6.3M	508K	27.39M	383K
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	2.06M	3.54M	8.43M	-20K	296K	208K	178K	-1K	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	39.62M	90.97M	39.35M	85.61M	34.64M	96.4M	44.08M	52.54M	21.3M	24.8M
Operating CF Margin %	0.13%	0.36%	0.14%	0.29%	0.17%	0.47%	0.14%	0.13%	0.06%	0.1%
Operating CF Growth %	-0.24%	1.3%	-0.57%	1.18%	-0.6%	1.78%	-0.54%	0.19%	-0.59%	0.16%
Net Income	46.42M	56.34M	23.51M	53.16M	88.18M	46.56M	26.25M	15.21M	37.38M	15.5M
Depreciation & Amortization	10.19M	10.82M	11.62M	10.97M	12.09M	11.15M	10.45M	10.45M	10.35M	9.21M
Stock-Based Compensation	2.04M	1.91M	998K	357K	21K	49K	0	46K	0	359K
Deferred Taxes	-3.72M	-5.27M	-13.66M	-1.25M	-5.14M	-610K	-10.45M	-1.82M	0	773K
Other Non-Cash Items	-3.2M	5.46M	3.25M	10.35M	-4.49M	4.17M	2.13M	8.48M	-2.29M	2.14M
Working Capital Changes	-12.11M	21.72M	13.63M	12.03M	-56.02M	35.08M	15.7M	20.17M	-24.14M	-3.18M
Change in Receivables	4.98M	21.59M	2.61M	4M	-96.73M	92.04M	-6.56M	3.17M	-2.18M	8.4M
Change in Inventory	-19.6M	12.86M	8.34M	4.46M	1.72M	3.68M	6.97M	162K	-6.22M	4.74M
Change in Payables	1.39M	-10.63M	-4.47M	1.75M	41.02M	-48.91M	9.02M	13.68M	-14.25M	-12M
Cash from Investing+	2.02M	-35.21M	-13.18M	25.41M	4.22M	474K	14.99M	-3.83M	33.02M	-14.79M
Capital Expenditures	-8.63M	-4.5M	-3.58M	-4.87M	-6.97M	-4.46M	-1.46M	-4.78M	-6.02M	-14.67M
CapEx % of Revenue	0.03%	0.02%	0.01%	0.02%	0.03%	0.02%	0%	0.01%	0.02%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-8.62M	-4.5M	-3.58M	-4.84M	-6.96M	-4.41M	-1.36M	0	1.34M	-126K
Cash from Financing+	-11.68M	-10.54M	-110.81M	-10.67M	-10.5M	-142.09M	-119.68M	-10.5M	-10.52M	-119.91M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-10.49M	-10.49M	-110.69M	-10.5M	-10.5M	-141.73M	-119.91M	-10.5M	-10.5M	-119.91M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1.19M	-265K	-121K	0	0	-477K	-3K	0	-14K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	30.99M	86.48M	35.77M	80.75M	27.67M	91.94M	42.63M	47.76M	15.28M	10.13M
FCF Margin %	0.1%	0.34%	0.13%	0.28%	0.13%	0.45%	0.13%	0.12%	0.04%	0.04%
FCF Growth %	-0.29%	1.79%	-0.59%	1.26%	-0.66%	2.32%	-0.54%	0.12%	-0.68%	-0.34%
FCF per Share	0.71	1.99	0.82	1.85	0.63	2.10	0.97	1.09	0.35	0.23
FCF Conversion (FCF/Net Income)	0.85x	1.61x	1.67x	1.61x	0.39x	2.07x	1.68x	3.45x	0.57x	1.60x
Interest Paid	0	0	0	0	0	2K	47K	3K	0	0
Taxes Paid	13.38M	987K	55K	9.18M	2.37M	661K	83K	69K	20K	457K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.32%	15.5%	6.87%	14.35%	20.6%	11.1%	7.95%	5.32%	12.61%	6.01%
Return on Invested Capital (ROIC)	11.95%	14.66%	4%	23.15%	24.59%	8.41%	5.93%	10.12%	20.65%	5.11%
Gross Margin	19.04%	18.51%	7.37%	25.22%	36.13%	15.31%	7.32%	7.32%	11.13%	8.07%
Net Margin	15.49%	22.25%	8.55%	18.27%	42.97%	22.77%	8.17%	3.84%	10.15%	6.37%
Debt / Equity	-	-	-	-	0.00x	0.00x	0.00x	0.00x	0.00x	-
Interest Coverage	282.61x	211.12x	57.48x	366.70x	377.51x	147.94x	98.46x	137.08x	198.32x	46.17x
FCF Conversion	0.85x	1.61x	1.67x	1.61x	0.39x	2.07x	1.68x	3.45x	0.57x	1.60x
Revenue Growth	-12.35%	-15.49%	8.62%	5.81%	-29.48%	-0.35%	57.15%	23.22%	-7.01%	-33.92%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Biofuels	-	-	-	-	-	-	-	-	288.92M	163.33M
Biofuels Growth	-	-	-	-	-	-	-	-	-	-43.47%
Chemicals	-	-	-	-	-	-	-	-	79.33M	80.01M
Chemicals Growth	-	-	-	-	-	-	-	-	-	0.85%
Short-term Contract Revenue	-	-	-	243.63M	204.27M	180.47M	295.25M	362.11M	-	-
Short-term Contract Revenue Growth	-	-	-	-	-16.16%	-11.65%	63.60%	22.65%	-	-
Biodiesel	33.26M	35.57M	38.92M	57.2M	22.35M	25.46K	133.23M	107.9M	-	-
Biodiesel Growth	-	6.96%	9.42%	46.97%	-60.92%	-99.89%	523195.37%	-19.01%	-	-
Bill and Hold Arrangements	-	23.73M	17.52M	44.92M	51.7M	32.78M	34.7M	36.8M	-	-
Bill and Hold Arrangements Growth	-	-	-26.17%	156.46%	15.08%	-36.60%	5.85%	6.08%	-	-
Long-term Contract Revenue	-	-	-	60.72M	40.16M	25.83M	25.92M	33.69M	-	-
Long-term Contract Revenue Growth	-	-	-	-	-33.87%	-35.67%	0.34%	29.97%	-	-
Bill And Hold Arrangements	28.74M	-	-	-	-	-	-	-	-	-
Bill And Hold Arrangements Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	297.42M	250.32M	271.63M	289.02M	203.47M	203.37M	320.15M	394.67M	367.37M	242.69M
UNITED STATES Growth	-	-15.83%	8.52%	6.40%	-29.60%	-0.05%	57.43%	23.28%	-6.92%	-33.94%
Non-US	-	-	-	-	1.76M	1.14M	1.24M	1.34M	882K	654K
Non-US Growth	-	-	-	-	-	-35.08%	8.60%	8.48%	-34.33%	-25.85%
All Foreign Countries	2.2M	2.87M	3.39M	2M	-	-	-	-	-	-
All Foreign Countries Growth	-	30.83%	18.03%	-41.05%	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

FutureFuel Corp. (FF) has a price-to-earnings (P/E) ratio of 9.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

FutureFuel Corp. (FF) reported $137.4M in revenue for fiscal year 2024. This represents a 56% decrease from $309.9M in 2011.

FutureFuel Corp. (FF) saw revenue decline by 33.9% over the past year.

FutureFuel Corp. (FF) reported a net loss of $34.6M for fiscal year 2024.

Dividend & Returns

Yes, FutureFuel Corp. (FF) pays a dividend with a yield of 81.03%. This makes it attractive for income-focused investors.

FutureFuel Corp. (FF) has a return on equity (ROE) of 6.0%. This is below average, suggesting room for improvement.

FutureFuel Corp. (FF) had negative free cash flow of $36.8M in fiscal year 2024, likely due to heavy capital investments.

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