Fuel Tech, Inc. (FTEK) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Industrial - Pollution & Treatment Controls
EV/EBITDA
N/A
—
5yr avg: N/A
30Y Low6.7·High88.4
P/FCF
↓
20.35
↓-69% vs avg
5yr avg: 65.55
30Y Low6.6·High147.1
P/B Ratio
↑
1.19
↑+33% vs avg
5yr avg: 0.89
30Y Low0.6·High12.5
ROE
↓
-5.7%
↑-70% vs avg
5yr avg: -3.3%
30Y Low-39%·High32%
Debt/EBITDA
N/A
—
5yr avg: N/A
30Y Low0.1·High1.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FTEK Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Fuel Tech, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 20.4x P/FCF, 69% below the 5-year average of 65.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $48M | $48M | $32M | $32M | $38M | $42M | $96M | $23M | $29M | $27M | $27M |
| Enterprise Value | $36M | $37M | $24M | $15M | $15M | $6M | $87M | $10M | $17M | $18M | $15M |
| P/E Ratio → | -20.37 | — | — | — | — | 777.78 | — | — | — | — | — |
| P/S Ratio | 1.79 | 1.81 | 1.28 | 1.18 | 1.43 | 1.71 | 4.25 | 0.75 | 0.51 | 0.59 | 0.49 |
| P/B Ratio | 1.19 | 1.21 | 0.77 | 0.73 | 0.86 | 0.90 | 4.29 | 0.88 | 0.84 | 0.78 | 0.62 |
| P/FCF | 20.35 | 20.61 | — | 114.62 | — | 61.41 | — | — | 6.60 | — | — |
| P/OCF | 15.81 | 16.00 | — | 45.78 | — | 54.63 | — | — | 5.84 | — | — |
P/E links to full P/E history page with 30-year chart
FTEK EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.38 | 0.96 | 0.55 | 0.57 | 0.24 | 3.86 | 0.34 | 0.30 | 0.41 | 0.27 |
| EV / EBITDA | — | — | — | — | — | — | — | — | 17.55 | — | — |
| EV / EBIT | — | — | — | — | — | 67.97 | — | — | 39.33 | — | — |
| EV / FCF | — | 15.76 | — | 53.60 | — | 8.74 | — | — | 3.85 | — | — |
FTEK Profitability
Margins and return-on-capital ratios measuring operating efficiency
Fuel Tech, Inc. earns an operating margin of -13.8%, below the Industrials sector average of 4.9%. Operating margins have compressed from -9.8% to -13.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -5.7% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 46.4% | 46.4% | 42.3% | 43.0% | 43.2% | 49.0% | 47.2% | 35.5% | 35.5% | 39.9% | 34.1% |
| Operating Margin | -13.8% | -13.8% | -18.7% | -9.8% | -5.7% | -6.1% | -19.2% | -27.0% | 0.2% | -15.6% | -26.9% |
| Net Profit Margin | -8.7% | -8.7% | -7.7% | -5.7% | -5.4% | 0.2% | -19.0% | -25.8% | -0.0% | -24.3% | -31.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -5.7% | -5.7% | -4.5% | -3.5% | -3.2% | 0.2% | -17.7% | -26.1% | -0.1% | -28.3% | -34.0% |
| ROA | -4.8% | -4.8% | -3.9% | -3.1% | -2.9% | 0.1% | -13.9% | -18.8% | -0.1% | -20.3% | -26.0% |
| ROIC | -8.8% | -8.8% | -11.6% | -8.2% | -7.1% | -9.2% | -23.9% | -34.7% | 0.3% | -18.4% | -32.3% |
| ROCE | -8.8% | -8.8% | -10.7% | -5.9% | -3.3% | -4.2% | -16.9% | -26.8% | 0.3% | -18.0% | -28.7% |
FTEK Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $12M exceeds total debt of $580000, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.09 | 0.02 | 0.00 | 0.00 | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | 0.08 | — | — |
| Net Debt / Equity | — | -0.28 | -0.19 | -0.39 | -0.52 | -0.77 | -0.39 | -0.48 | -0.35 | -0.24 | -0.27 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | -12.50 | — | — |
| Debt / FCF | — | -4.85 | — | -61.02 | — | -52.67 | — | — | -2.75 | — | — |
| Interest Coverage | — | — | — | -68.95 | -80.65 | 4.58 | -1054.25 | — | — | — | — |
Net cash position: cash ($12M) exceeds total debt ($580000)
FTEK Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Fuel Tech, Inc.'s current ratio of 5.09x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 6.74x to 5.09x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.09 | 5.09 | 5.06 | 6.74 | 7.52 | 12.87 | 3.81 | 4.51 | 2.37 | 2.15 | 2.89 |
| Quick Ratio | 5.03 | 5.03 | 4.99 | 6.66 | 7.43 | 12.76 | 3.79 | 4.45 | 2.32 | 2.09 | 2.82 |
| Cash Ratio | 3.97 | 3.97 | 3.19 | 5.22 | 5.52 | 11.14 | 1.92 | 2.71 | 0.70 | 0.53 | 0.84 |
| Asset Turnover | — | 0.57 | 0.52 | 0.54 | 0.54 | 0.49 | 0.75 | 0.96 | 1.09 | 0.89 | 0.95 |
| Inventory Turnover | 38.32 | 38.32 | 36.55 | 35.14 | 39.03 | 35.53 | 122.80 | 74.38 | 38.11 | 28.72 | 35.94 |
| Days Sales Outstanding | — | 73.27 | 136.05 | 90.69 | 104.71 | 49.03 | 105.66 | 78.06 | 118.79 | 165.12 | 124.91 |
FTEK Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Fuel Tech, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 0.1% | — | — | — | — | — |
| FCF Yield | 4.9% | 4.9% | — | 0.9% | — | 1.6% | — | — | 15.2% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.0% | 0.6% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.0% | 0.6% |
| Shares Outstanding | — | $31M | $31M | $30M | $30M | $30M | $25M | $24M | $24M | $24M | $23M |
Peer Comparison
Compare FTEK with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FTEKYou | $48M | -20.4 | — | 20.4 | 46.4% | -13.8% | -5.7% | -8.8% | — |
 CECO | $3B | 59.4 | 38.0 | — | 32.7% | 6.7% | 17.4% | 10.0% | 0.3 |
 CLIR | $254M | -43.9 | — | — | 31.1% | -180.4% | -55.9% | — | — |
 PESI | $207M | -14.9 | — | — | 9.6% | -19.0% | -24.5% | -21.7% | — |
 GEV | $281B | 59.1 | 121.5 | 75.7 | 19.8% | 3.6% | 42.7% | 27.9% | — |
 ETN | $155B | 38.2 | 27.7 | 34.7 | 37.6% | 19.1% | 21.5% | 13.6% | 1.9 |
 EMR | $79B | 34.9 | 18.1 | 29.6 | 52.8% | 19.6% | 9.6% | 8.2% | 2.7 |
 AME | $54B | 36.6 | 29.6 | 32.1 | 36.4% | 26.2% | 14.6% | 12.1% | 1.2 |
 ROP | $36B | 24.8 | 14.6 | 14.6 | 69.2% | 28.3% | 7.9% | 6.1% | 3.0 |
 CLNE | $507M | -2.3 | 94.6 | 8.5 | 4.2% | -22.1% | -34.6% | -9.4% | 20.9 |
 GEVO | $493M | -14.5 | 102.1 | — | 30.2% | -11.7% | -7.0% | -2.8% | 25.9 |
| Industrials Median | — | 25.5 | 13.8 | 20.7 | 32.7% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonFTEK — Frequently Asked Questions
Quick answers to the most common questions about buying FTEK stock.
What is Fuel Tech, Inc.'s P/E ratio?
Fuel Tech, Inc.'s current P/E ratio is -20.4x. The historical average is 59.5x.
What is Fuel Tech, Inc.'s ROE?
Fuel Tech, Inc.'s return on equity (ROE) is -5.7%. The historical average is -2.7%.
Is FTEK stock overvalued?
Based on historical data, Fuel Tech, Inc. is trading at a P/E of -20.4x. Compare with industry peers and growth rates for a complete picture.
What are Fuel Tech, Inc.'s profit margins?
Fuel Tech, Inc. has 46.4% gross margin and -13.8% operating margin.