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Fuel Tech, Inc.(FTEK)Earnings, Financials & Key Ratios
FTEK•NASDAQ
Price updated Jun 19, 2026
AboutFuel Tech, Inc. provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. It operates through two segments, Air Pollution Control Technology and FUEL CHEM Technology. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide (NOx) emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources by low and ultra-low NOx burners; over-fire air systems; NOxOUT and HERT selective non-catalytic reduction systems; selective catalytic reduction systems comprising ammonia injection grid, and graduated straightening grid systems; I-NOx systems; ESP Processes and Services; ULTRA technology; and flue gas conditioning systems; and burner systems. The FUEL CHEM Technology segment provides programs to improve the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units by controlling slagging, fouling, corrosion, opacity, and acid plume, as well as the formation of sulfur trioxide, ammonium bisulfate, particulate matter, sulfur dioxide, and carbon dioxide through the addition of chemicals into the furnace using TIFI targeted in-furnace injection technology. This segment offers its FUEL CHEM program for plants operating in the electric utility, industrial, pulp and paper, waste-to-energy, and university and district heating markets; and the owners of boilers, furnaces, and other combustion units. The company was incorporated in 1987 and is headquartered in Warrenville, Illinois.Show more
- Revenue$27M+6.1%
- EBITDA-$3M+29.7%
- Net Income-$2M-19.6%
- EPS (Diluted)-0.08-18.1%
- Gross Margin46.42%+9.8%
- EBITDA Margin-11.18%+33.8%
- Operating Margin-13.8%+26.2%
- Net Margin-8.71%-12.7%
- ROE-5.68%-25.1%
FTEK Key Insights
Fuel Tech, Inc. (FTEK) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Trading at only 1.2x book value
✗Weaknesses
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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FTEK Price & Volume
Fuel Tech, Inc. (FTEK) stock price & volume — 10-year historical chart
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FTEK Growth Metrics
Fuel Tech, Inc. (FTEK) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-9.66%
5 Years3.42%
3 Years-0.33%
TTM-0.69%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM0.78%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM5.59%
Return on Capital
10 Years-12.3%
5 Years-6.58%
3 Years-8.47%
Last Year-8.78%
FTEK Recent Earnings
Fuel Tech, Inc. (FTEK) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (30%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.04
—
Rev
$6M-20.2%
$8M
Q2 2026
Mar 3, 2026Metric
Actual
Est
EPS
$0.04-33.3%
$0.03
Rev
$7M-2.9%
$7M
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$0.01+0.0%
$0.01
Rev
$7M+0.3%
$7M
Q3 2025
Aug 5, 2025Metric
Actual
Est
EPS
$0.02+33.3%
$0.03
Rev
$6M-8.7%
$6M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.04 | $6Mvs $8M-20.2% |
| Q2 2026 | Mar 3, 2026 | $0.04vs $0.03-33.3% | $7Mvs $7M-2.9% |
| Q4 2025 | Nov 4, 2025 | $0.01vs $0.01+0.0% | $7Mvs $7M+0.3% |
| Q3 2025 | Aug 5, 2025 | $0.02vs $0.03+33.3% | $6Mvs $6M-8.7% |
Based on last 12 quarters of dataView full earnings history →
FTEK Peer Comparison
Fuel Tech, Inc. (FTEK) competitors in Air and Water Treatment Systems — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CECO | 3.53B | 98.40 | 71.82 | 38.79% | 2.11% | 5.45% | 0.08 | |
 CLIR | 20.89M | 3.86 | -3.90 | 45.55% | -111.66% | -61.23% | 0.02 | |
 PESI | 204.21M | 11.00 | -14.67 | 4.33% | -30.06% | -34.48% | 0.09 | |
 GEV | 298.21B | 1109.73 | 62.73 | 8.94% | 23.81% | 79.72% | ||
 ETN | 163.77B | 421.77 | 40.32 | 10.33% | 13.99% | 20.76% | 0.57 | |
 EMR | 84.38B | 150.66 | 37.29 | 3% | 13.35% | 12.1% | 0.68 | |
 AME | 54.38B | 237.42 | 37.10 | 6.63% | 20.11% | 14.39% | 0.21 | |
 ROP | 33.99B | 330.26 | 23.26 | 12.26% | 21.12% | 8.75% | 0.47 |
Compare FTEK vs Peers
Fuel Tech, Inc. (FTEK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FTEK Income Statement
Fuel Tech, Inc. (FTEK) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 45.17M | 56.53M | 30.47M | 22.55M | 24.26M | 26.94M | 27.08M | 25.13M | 26.68M | 26.38M |
Revenue Growth % | -18.12% | 25.17% | -46.11% | -25.99% | 7.59% | 11.05% | 0.52% | -7.19% | 6.14% | -0.69% |
Cost of Goods Sold | 27.14M | 36.47M | 19.64M | 11.91M | 12.36M | 15.3M | 15.43M | 14.51M | 14.29M | 14.31M |
COGS % of Revenue | 60.1% | 64.51% | 64.45% | 52.82% | 50.96% | 56.78% | 56.96% | 57.73% | 53.58% | - |
Gross Profit | 18.02M▲ 0% | 20.06M▲ 11.3% | 10.83M▼ 46.0% | 10.64M▼ 1.8% | 11.9M▲ 11.8% | 11.64M▼ 2.1% | 11.66M▲ 0.1% | 10.62M▼ 8.9% | 12.38M▲ 16.6% | 12.07M▲ 0% |
Gross Margin % | 39.9% | 35.49% | 35.55% | 47.18% | 49.04% | 43.22% | 43.04% | 42.27% | 46.42% | 45.76% |
Gross Profit Growth % | -4.11% | 11.33% | -46.02% | -1.77% | 11.84% | -2.14% | 0.11% | -8.86% | 16.57% | - |
Operating Expenses | 22M | 19.64M | 19.07M | 14.97M | 13.39M | 13.17M | 14.31M | 15.32M | 16.06M | 16.39M |
OpEx % of Revenue | 48.72% | 34.73% | 62.59% | 66.4% | 55.18% | 48.88% | 52.86% | 60.98% | 60.22% | - |
Selling, General & Admin | 20.93M | 18.56M | 17.19M | 13.6M | 12.05M | 12.28M | 12.8M | 13.76M | 14.05M | 14.43M |
SG&A % of Revenue | 46.35% | 32.84% | 56.43% | 60.31% | 49.69% | 45.56% | 47.28% | 54.75% | 52.67% | - |
Research & Development | 1.07M | 1.07M | 1.13M | 1.18M | 1.33M | 895K | 1.51M | 1.56M | 2.01M | 1.97M |
R&D % of Revenue | 2.37% | 1.9% | 3.7% | 5.22% | 5.49% | 3.32% | 5.58% | 6.22% | 7.55% | - |
Other Operating Expenses | -60K | 2K | 752K | 197K | 0 | 0 | 0 | 0 | 0 | 0 |
Operating Income | -7.07M▲ 0% | 110K▲ 101.6% | -8.24M▼ 7590.9% | -4.34M▲ 47.4% | -1.49M▲ 65.7% | -1.53M▼ 2.6% | -2.66M▼ 74.1% | -4.7M▼ 76.9% | -3.68M▲ 21.7% | -4.33M▲ 0% |
Operating Margin % | -15.64% | 0.19% | -27.05% | -19.23% | -6.14% | -5.67% | -9.81% | -18.71% | -13.8% | -16.4% |
Operating Income Growth % | 52.34% | 101.56% | -7590.91% | 47.38% | 65.66% | -2.55% | -74.07% | -76.9% | 21.71% | - |
EBITDA | -5.54M | 957K | -7.24M | -3.49M | -748K | -1.09M | -2.32M | -4.24M | -2.98M | -3.8M |
EBITDA Margin % | -12.26% | 1.69% | -23.78% | -15.47% | -3.08% | -4.03% | -8.55% | -16.88% | -11.18% | -14.4% |
EBITDA Growth % | 51.09% | 117.28% | -856.95% | 51.85% | 78.55% | -45.32% | -113.06% | -83.16% | 29.7% | -10.92% |
D&A (Non-Cash Add-back) | 1.53M | 847K | 996K | 848K | 741K | 440K | 342K | 460K | 699K | 526K |
EBIT | -3.98M | 427K | -7.49M | -4.22M | 87K | -1.37M | -1.45M | -1.87M | -3.68M | -4.02M |
Net Interest Income | 10K | 6K | 41K | -4K | -13K | 185K | 1.28M | 1.25M | 1.42M | 1.14M |
Interest Income | 10K | 6K | 41K | 0 | 6K | 202K | 1.3M | 1.25M | 1.42M | 1.38M |
Interest Expense | 0 | 0 | 0 | 4K | 19K | 17K | 21K | 0 | 0 | 0 |
Other Income/Expense | -50K | 8K | 403K | 115K | 1.56M | 139K | 1.19M | 2.84M | 1.37M | 1.4M |
Pretax Income | -7.12M▲ 0% | 118K▲ 101.7% | -7.84M▼ 6741.5% | -4.22M▲ 46.1% | 68K▲ 101.6% | -1.39M▼ 2141.2% | -1.47M▼ 5.8% | -1.87M▼ 27.0% | -2.31M▼ 23.7% | -2.93M▲ 0% |
Pretax Margin % | -15.75% | 0.21% | -25.72% | -18.72% | 0.28% | -5.15% | -5.42% | -7.42% | -8.66% | -11.09% |
Income Tax | -46K | 33K | 14K | 57K | 14K | 54K | 69K | 77K | 15K | 14K |
Effective Tax Rate % | 0.65% | 27.97% | -0.18% | -1.35% | 20.59% | -3.89% | -4.7% | -4.13% | -0.65% | -0.48% |
Net Income | -10.98M▲ 0% | -28K▲ 99.7% | -7.85M▼ 27942.9% | -4.28M▲ 45.5% | 54K▲ 101.3% | -1.44M▼ 2770.4% | -1.54M▼ 6.7% | -1.94M▼ 26.3% | -2.32M▼ 19.6% | -2.94M▲ 0% |
Net Margin % | -24.32% | -0.05% | -25.77% | -18.97% | 0.22% | -5.35% | -5.68% | -7.73% | -8.71% | -11.15% |
Net Income Growth % | 36.84% | 99.75% | -27942.86% | 45.52% | 101.26% | -2770.37% | -6.66% | -26.33% | -19.61% | 0.78% |
Net Income (Continuing) | -6.54M | 85K | -7.85M | -4.28M | 54K | -1.44M | -1.54M | -1.94M | -2.32M | -2.94M |
Discontinued Operations | 0 | 0 | -1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | -0.44▲ 0% | -0.00▲ 99.7% | -0.32▼ 26933.3% | -0.17▲ 46.6% | 0.00▲ 101.0% | -0.05▼ 2744.4% | -0.05▼ 6.5% | -0.06▼ 25.4% | -0.08▼ 18.1% | -0.09▲ 0% |
EPS Growth % | 40.85% | 99.73% | - | 46.58% | 101.04% | - | -6.51% | -25.44% | -18.08% | 5.59% |
EPS (Basic) | -0.44 | -0.00 | -0.32 | -0.17 | 0.00 | -0.05 | -0.05 | -0.06 | -0.08 | - |
Diluted Shares Outstanding | 23.87M | 24.16M | 24.2M | 24.69M | 29.69M | 30.29M | 30.35M | 30.57M | 30.94M | 31.09M |
Basic Shares Outstanding | 23.87M | 24.16M | 24.2M | 24.69M | 29.59M | 30.29M | 30.35M | 30.57M | 30.94M | 31.09M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
FTEK Balance Sheet
Fuel Tech, Inc. (FTEK) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 33.75M | 40.72M | 21.61M | 21.07M | 41.47M | 35.83M | 38.32M | 29.62M | 31.94M | 27.15M |
Cash & Short-Term Investments | 8.37M | 12.04M | 12.99M | 10.64M | 35.89M | 26.31M | 29.71M | 18.69M | 24.88M | 21.58M |
Cash Only | 8.37M | 12.04M | 12.99M | 10.64M | 35.89M | 23.33M | 17.58M | 8.51M | 11.94M | 9.11M |
Short-Term Investments | 6K | 0 | 0 | 0 | 0 | 2.98M | 12.14M | 10.18M | 12.94M | 12.47M |
Accounts Receivable | 20.43M | 18.4M | 6.52M | 6.53M | 3.26M | 7.73M | 6.73M | 9.37M | 5.36M | 4.11M |
Days Sales Outstanding | 165.12 | 118.79 | 78.06 | 105.66 | 49.03 | 104.71 | 90.69 | 136.05 | 73.27 | 71.23 |
Inventory | 945K | 957K | 264K | 97K | 348K | 392K | 439K | 397K | 373K | 364K |
Days Inventory Outstanding | 12.71 | 9.58 | 4.91 | 2.97 | 10.27 | 9.35 | 10.39 | 9.99 | 9.52 | 11.19 |
Other Current Assets | 1.76M | 6.02M | 1.84M | 2.16M | 891K | 1.4M | 1.44M | 1.16M | 1.33M | 1.1M |
Total Non-Current Assets | 16.74M | 11M | 10.04M | 9.02M | 8.51M | 14.3M | 12.07M | 19.18M | 15.23M | 17.33M |
Property, Plant & Equipment | 6.27M | 5.98M | 6.02M | 5.61M | 4.85M | 4.63M | 5.15M | 5.67M | 5.28M | 5.4M |
Fixed Asset Turnover | 7.20x | 9.46x | 5.06x | 4.02x | 5.00x | 5.82x | 5.26x | 4.43x | 5.06x | 4.91x |
Goodwill | 2.12M | 2.12M | 2.12M | 2.12M | 2.12M | 2.12M | 2.12M | 2.12M | 2.12M | 2.12M |
Intangible Assets | 1.67M | 1.16M | 906K | 553K | 448K | 397K | 358K | 327K | 646K | 620K |
Long-Term Investments | 5M | -171K | 507K | 0 | 0 | 6.36M | 3.66M | 10.88M | 6.99M | 31.88M |
Other Non-Current Assets | 1.31M | 1.75M | 443K | 732K | 1.09M | 794K | 781K | 191K | 207K | 200K |
Total Assets | 50.48M▲ 0% | 51.72M▲ 2.4% | 31.66M▼ 38.8% | 30.09M▼ 5.0% | 49.97M▲ 66.1% | 50.12M▲ 0.3% | 50.39M▲ 0.5% | 48.8M▼ 3.2% | 47.18M▼ 3.3% | 44.49M▲ 0% |
Asset Turnover | 0.89x | 1.09x | 0.96x | 0.75x | 0.49x | 0.54x | 0.54x | 0.52x | 0.57x | 0.57x |
Asset Growth % | -12.64% | 2.45% | -38.79% | -4.95% | 66.09% | 0.3% | 0.53% | -3.16% | -3.32% | -16.53% |
Total Current Liabilities | 15.72M | 17.16M | 4.79M | 5.53M | 3.22M | 4.77M | 5.69M | 5.86M | 6.27M | 4.99M |
Accounts Payable | 9.06M | 9.5M | 2.12M | 2.35M | 1.56M | 2.71M | 2.42M | 2.92M | 3.24M | 2.14M |
Days Payables Outstanding | 121.9 | 95.07 | 39.35 | 72.1 | 46.09 | 64.66 | 57.29 | 73.33 | 82.79 | 63.22 |
Short-Term Debt | 0 | 0 | 182K | 0 | 0 | 0 | 0 | 0 | 0 | 92K |
Deferred Revenue (Current) | 2.4M | 1.23M | 712K | 0 | 390K | 447K | 1.38M | 0 | 1.12M | 3.13M |
Other Current Liabilities | 3.36M | 1.49M | 1.26M | 1.2M | 847K | 1.26M | 1.41M | 2.86M | 1.47M | 2.75M |
Current Ratio | 2.15x | 2.37x | 4.51x | 3.81x | 12.87x | 7.52x | 6.74x | 5.06x | 5.09x | 5.44x |
Quick Ratio | 2.09x | 2.32x | 4.45x | 3.79x | 12.76x | 7.43x | 6.66x | 4.99x | 5.03x | 5.37x |
Cash Conversion Cycle | 55.93 | 33.3 | 43.62 | 36.54 | 13.22 | 49.41 | 43.79 | 72.71 | 0.01 | 19.2 |
Total Non-Current Liabilities | 420K | 506K | 762K | 2.24M | 551K | 517K | 986K | 987K | 974K | 943K |
Long-Term Debt | 0 | 0 | 76K | 1.56M | 0 | 0 | 0 | 0 | 0 | 465K |
Capital Lease Obligations | 0 | 0 | 180K | 237K | 122K | 66K | 533K | 548K | 491K | 1.54M |
Deferred Tax Liabilities | 532K | 171K | 220K | 0 | 139K | 177K | 172K | 176K | 187K | 550K |
Other Non-Current Liabilities | 420K | 506K | 286K | 443K | 290K | 274K | 281K | 263K | 296K | 291K |
Total Liabilities | 16.14M | 17.67M | 5.56M | 7.77M | 3.77M | 5.28M | 6.67M | 6.84M | 7.25M | 5.93M |
Total Debt | 76K | 76K | 438K | 1.94M | 235K | 191K | 614K | 625K | 580K | 557K |
Net Debt | -8.29M | -11.96M | -12.56M | -8.7M | -35.66M | -23.14M | -16.96M | -7.88M | -11.36M | -8.55M |
Debt / Equity | 0.00x | 0.00x | 0.02x | 0.09x | 0.01x | 0.00x | 0.01x | 0.01x | 0.01x | 0.01x |
Debt / EBITDA | - | 0.08x | - | - | - | - | - | - | - | -0.15x |
Net Debt / EBITDA | - | -12.50x | - | - | - | - | - | - | - | 2.25x |
Interest Coverage | - | - | - | -1054.25x | 4.58x | -80.65x | -68.95x | - | - | - |
Total Equity | 34.34M▲ 0% | 34.05M▼ 0.8% | 26.1M▼ 23.4% | 22.32M▼ 14.5% | 46.2M▲ 107.0% | 44.84M▼ 2.9% | 43.71M▼ 2.5% | 41.95M▼ 4.0% | 39.93M▼ 4.8% | 38.56M▲ 0% |
Equity Growth % | -20.86% | -0.84% | -23.36% | -14.48% | 106.98% | -2.94% | -2.51% | -4.02% | -4.82% | -24.95% |
Book Value per Share | 1.44 | 1.41 | 1.08 | 0.90 | 1.56 | 1.48 | 1.44 | 1.37 | 1.29 | 1.24 |
Total Shareholders' Equity | 34.34M | 34.05M | 26.1M | 22.32M | 46.2M | 44.84M | 43.71M | 41.95M | 39.93M | 38.56M |
Common Stock | 248K | 248K | 254K | 262K | 312K | 313K | 313K | 317K | 322K | 323K |
Retained Earnings | -102.5M | -102.5M | -110.33M | -114.6M | -114.55M | -115.99M | -117.53M | -119.47M | -121.8M | -123.15M |
Treasury Stock | -1.47M | -1.48M | -1.61M | -2.18M | -2.23M | -2.25M | -2.25M | -2.35M | -2.57M | 0 |
Accumulated OCI | -768K | -1.28M | -1.78M | -1.29M | -1.6M | -1.73M | -1.75M | -1.92M | -1.72M | -1.76M |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
FTEK Cash Flow Statement
Fuel Tech, Inc. (FTEK) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | -3.57M | 4.93M | -3.39M | -2.71M | 761K | -4.14M | 696K | -3.43M | 3.02M | 661K |
Operating CF Margin % | -7.9% | 8.71% | -11.12% | -12% | 3.14% | -15.36% | 2.57% | -13.66% | 11.31% | - |
Operating CF Growth % | -30.31% | 238.09% | -168.74% | 20.08% | 128.11% | -643.89% | 116.82% | -593.25% | 187.85% | 199.64% |
Net Income | -7.07M | 85K | -7.85M | -4.28M | 54K | -1.44M | -1.54M | -1.94M | -2.32M | -2.94M |
Depreciation & Amortization | 1.53M | 847K | 996K | 848K | 741K | 440K | 342K | 460K | 663K | 692K |
Stock-Based Compensation | 1.39M | 233K | 574K | 290K | 82K | 224K | 389K | 446K | 326K | 272K |
Deferred Taxes | -3.91M | 2K | 0 | -38K | 5K | 38K | -5K | 4K | 11K | 11K |
Other Non-Cash Items | 5.54M | 351K | 763K | -834K | -2.12M | -111K | -423K | -136K | -24K | 276K |
Working Capital Changes | -1.04M | 3.41M | 2.13M | 1.3M | 2M | -3.29M | 1.93M | -2.26M | 4.36M | 2.35M |
Change in Receivables | 113K | 848K | 11.41M | 1.09M | 3.79M | -4.45M | 1.04M | -1.13M | 4.2M | 1.6M |
Change in Inventory | -134K | -108K | 818K | 171K | -252K | -45K | -46K | 41K | 26K | 172K |
Change in Payables | 2.5M | 521K | -7.33M | 198K | -772K | 1.16M | -295K | 519K | 258K | 503K |
Cash from Investing | -490K | -569K | -45K | -247K | -84K | -9.48M | -6.44M | -5.44M | 545K | -3.06M |
Capital Expenditures | -492K | -570K | -550K | -247K | -84K | -206K | -418K | -378K | -674K | -609K |
CapEx % of Revenue | 1.09% | 1.01% | 1.81% | 1.1% | 0.35% | 0.76% | 1.54% | 1.5% | 2.53% | 2.31% |
Acquisitions | 2K | 1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 2K | 1K | 505K | 0 | 0 | 0 | 0 | 0 | 0 | 4.18M |
Cash from Financing | -258K | -12K | -128K | 1.28M | 23.98M | -17K | 42K | -95K | -222K | -232K |
Debt Issued (Net) | 0 | 0 | 0 | 1.56M | 0 | 0 | 0 | 0 | 0 | 0 |
Equity Issued (Net) | -258K | 0 | 0 | 0 | 25.81M | 0 | 0 | -95K | 0 | -198K |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | -258K | -12K | 0 | 0 | 0 | 0 | 0 | -95K | 0 | -198K |
Other Financing | 0 | -12K | -128K | -274K | -1.83M | -17K | 42K | 0 | -222K | -34K |
Net Change in Cash | -3.46M▲ 0% | 3.67M▲ 206.2% | -4.56M▼ 224.1% | -895K▲ 80.4% | 24.45M▲ 2831.6% | -13.73M▼ 156.1% | -5.75M▲ 58.1% | -9.07M▼ 57.7% | 3.43M▲ 137.8% | -2.71M▲ 0% |
Free Cash Flow | -4.06M▲ 0% | 4.36M▲ 207.3% | -3.94M▼ 190.4% | -2.95M▲ 25.0% | 677K▲ 122.9% | -4.34M▼ 741.8% | 278K▲ 106.4% | -3.81M▼ 1470.9% | 2.34M▲ 161.5% | 88K▲ 0% |
FCF Margin % | -8.99% | 7.71% | -12.92% | -13.1% | 2.79% | -16.13% | 1.03% | -15.16% | 8.78% | 0.33% |
FCF Growth % | -10.39% | 207.32% | -190.36% | 24.97% | 122.92% | -741.8% | 106.4% | -1470.86% | 161.45% | 107.46% |
FCF per Share | -0.17 | 0.18 | -0.16 | -0.12 | 0.02 | -0.14 | 0.01 | -0.12 | 0.08 | 0.00 |
FCF Conversion (FCF/Net Income) | 0.32x | -175.96x | 0.43x | 0.63x | 14.09x | 2.87x | -0.45x | 1.77x | -1.30x | -0.03x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Taxes Paid | 31K | 27K | 18K | 95K | 0 | 14K | 12K | 52K | 0 | 0 |
FTEK Key Ratios
Fuel Tech, Inc. (FTEK) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | -28.26% | -0.08% | -26.11% | -17.67% | 0.16% | -3.17% | -3.47% | -4.54% | -5.68% | -7.34% |
Return on Invested Capital (ROIC) | -18.39% | 0.34% | -34.69% | -23.94% | -9.24% | -7.1% | -8.23% | -11.6% | -8.81% | -11.07% |
Gross Margin | 39.9% | 35.49% | 35.55% | 47.18% | 49.04% | 43.22% | 43.04% | 42.27% | 46.42% | 45.76% |
Net Margin | -24.32% | -0.05% | -25.77% | -18.97% | 0.22% | -5.35% | -5.68% | -7.73% | -8.71% | -11.15% |
Debt / Equity | 0.00x | 0.00x | 0.02x | 0.09x | 0.01x | 0.00x | 0.01x | 0.01x | 0.01x | 0.01x |
Interest Coverage | - | - | - | -1054.25x | 4.58x | -80.65x | -68.95x | - | - | - |
FCF Conversion | 0.32x | -175.96x | 0.43x | 0.63x | 14.09x | 2.87x | -0.45x | 1.77x | -1.30x | -0.03x |
Revenue Growth | -18.12% | 25.17% | -46.11% | -25.99% | 7.59% | 11.05% | 0.52% | -7.19% | 6.14% | -0.69% |
Related:FTEK Dividend History·FTEK Revenue History·FTEK Price History·FTEK P/E History·FTEK Financial Ratios·FTEK Institutional Holders
FTEK SEC Filings & Documents
Fuel Tech, Inc. (FTEK) SEC filings — annual & quarterly reports (10-K, 10-Q)
FTEK Frequently Asked Questions
Fuel Tech, Inc. (FTEK) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Fuel Tech, Inc. (FTEK) reported $26.4M in revenue for fiscal year 2025. This represents a 13088% increase from $0.2M in 1996.
Fuel Tech, Inc. (FTEK) grew revenue by 6.1% over the past year. This is steady growth.
Fuel Tech, Inc. (FTEK) reported a net loss of $2.9M for fiscal year 2025.
Dividend & Returns
Fuel Tech, Inc. (FTEK) has a return on equity (ROE) of -5.7%. Negative ROE indicates the company is unprofitable.
Fuel Tech, Inc. (FTEK) generated $0.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.