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FTEKFuel Tech, Inc.
$1.77$55M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
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Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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FTEK logo

Fuel Tech, Inc.

FTEK
NASDAQ · Environmental Services
$1.77
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$55M
P/E-23.6x
52W High$3.59
Volume93.8K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q1

Project Volatility Masks Persistent Structural Operating Losses

Fuel Tech faces a challenging long-term outlook as its core business remains tethered to the secular decline of coal-fired power generation, resulting in inconsistent revenue growth and persistent operating losses. While the company maintains a robust liquidit...

GrowthMixed
ProfitabilityNegative
ValuationExpensive
TechnicalsStrong
Explore valuation models
MARKET ACTION

FTEK price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

3/12 Beats

EPS beat 3 of last 12 quarters

02

Valuation risk

-158% Peers

P/E is 158% below peer median

03

Market leadership

RS 81 · Leader

High momentum (Outperforming 81% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystEstimated earnings · Nov 4

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
FTEK+3.51%
S&P 500 (^GSPC)+13.20%
1-Year Return
FTEK-48.09%
S&P 500 (^GSPC)+15.98%
3-Year Return
FTEK+58.04%
S&P 500 (^GSPC)+72.12%
5-Year Return
FTEK+4.12%
S&P 500 (^GSPC)+69.68%

Growth & profitability

Annual revenue & EPS trend
Revenue
$27M+6.1% YoY
Net income
-$2M-19.6% YoY
Free cash flow
$2M+161.5% YoY
Operating margin
-13.8%+4.9 pts YoY
ROIC (TTM)-8.8%
Avg ROIC 5Y-
ROE (TTM)-5.7%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate3/12 (30%)
Revenue Beat Rate4/12 (33%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 4, 2026
-$0.04-100.0%
vs -$0.02
$6M-1.4%
vs $7M
Q2 2026
May 5, 2026
-$0.04
vs —
$6M-20.2%
vs $8M
Q2 2026
Mar 3, 2026
-$0.04-33.3%
vs -$0.03
$7M-2.9%
vs $7M
Q4 2025
Nov 4, 2025
$0.01+0.0%
vs $0.01
$7M+0.3%
vs $7M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
GlobeNewsWire·Sep 11, 2026
Fuel Tech Announces Air Pollution Control Contracts Valued at Approximately $2.8 Million

WARRENVILLE, Ill., Sept. 11, 2026 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ: FTEK), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in utility and industrial applications, today announced the award of multiple air pollution control (APC) contracts valued at approximately $2.8 million for utility and industrial customers.

GlobeNewsWire·Sep 9, 2026
Fuel Tech To Present At H.C. Wainwright 28th Annual Global Investment Conference

Recently Appointed CEO Ramesh Nuggihalli to Discuss Growth Priorities and Evolving Opportunity Landscape Recently Appointed CEO Ramesh Nuggihalli to Discuss Growth Priorities and Evolving Opportunity Landscape

GlobeNewsWire·Sep 8, 2026
Fuel Tech, Inc. Names Sharon L. Jones Chair of the Board

WARRENVILLE, Ill., Sept. 08, 2026 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ: FTEK), a technology company that uses advanced engineering to provide emissions control systems and water treatment technologies for utility and industrial applications, today announced that the Board of Directors has elected Sharon L. Jones as Chair of the Board, effective September 15, 2026.

Defense World·Sep 7, 2026
BlackRock Inc. Takes Position in Fuel Tech, Inc. $FTEK

BlackRock Inc. bought a new position in shares of Fuel Tech, Inc. (NASDAQ: FTEK) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 496,493 shares of the industrial products company's stock, valued at approximately $1,097,000. BlackRock Inc. owned 1.59% of

Filtered for Fuel Tech, Inc.More Headlines
04

Compare before deciding

Benchmark FTEK against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Fuel Tech, Inc. (FTEK)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
FTEK logoFTEKFuel Tech, Inc.Current
$1.77$55.16M-23.576.14%-8.71%-5.68%—
CECO logoCECOCECO Environmental Corp.
$73.71$4.3B53.8038.79%-2.98%-3.58%—
CLIR logoCLIRClearSign Technologies Corporation
$3.81$24.03M-3.8545.55%-96.07%-58.08%—
PESI logoPESIPerma-Fix Environmental Services, Inc.
$16.53$350.49M-22.044.33%-37.04%-40.97%—
GEV logoGEVGE Vernova Inc.
$950.28$253.09B53.728.94%23.03%75.92%—
ETN logoETNEaton Corporation plc
$442.49$171.82B42.3010.33%12.76%19.51%—

Compare FTEK vs Peers

Fuel Tech, Inc. (FTEK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CECO

Most directly comparable listed peer for FTEK.

Scale Benchmark

vs GEV

Larger-name benchmark to compare FTEK against a more recognizable public peer.

Peer Set

Compare Top 5

vs CECO, CLIR, PESI, GEV

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

FTEK SEC Filings & Documents

Fuel Tech, Inc. (FTEK) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 4, 2026·SEC

Material company update

Aug 4, 2026·SEC

Material company update

Jun 8, 2026·SEC

10-K Annual Reports

4
FY 2026

Mar 3, 2026·SEC

FY 2025

Mar 4, 2025·SEC

FY 2024

Mar 11, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 4, 2026·SEC

FY 2026

May 5, 2026·SEC

FY 2025

Nov 4, 2025·SEC

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FTEK Frequently Asked Questions

Fuel Tech, Inc. (FTEK) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Fuel Tech, Inc.'s revenue?

Fuel Tech, Inc. (FTEK) reported $27.3M in revenue for fiscal year 2025. This represents a 13551% increase from $0.2M in 1996.

How fast is Fuel Tech, Inc. growing?

Fuel Tech, Inc. (FTEK) grew revenue by 6.1% over the past year. This is steady growth.

Is FTEK profitable?

Fuel Tech, Inc. (FTEK) reported a net loss of $3.5M for fiscal year 2025.

Dividend & Returns
What is FTEK's return on equity?

Fuel Tech, Inc. (FTEK) has a return on equity (ROE) of -5.7%. Negative ROE indicates the company is unprofitable.

What is Fuel Tech, Inc.'s free cash flow?

Fuel Tech, Inc. (FTEK) had negative free cash flow of $1.2M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in FTEK back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →