Fuel Tech, Inc. (FTEK)
NASDAQ: FTEK · Real-Time Price · USD
1.385
-0.015 (-1.07%)
Aug 20, 2026, 12:01 PM EDT - Market open

Fuel Tech Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
27.326.6825.1327.0826.9424.26
Revenue Growth
8.89%6.14%-7.19%0.52%11.05%7.59%
Gross Profit
12.2112.3810.6211.6611.6411.9
Operating Income
-4.58-3.68-4.7-2.66-1.53-1.49
Net Income
-3.48-2.32-1.94-1.54-1.440.05
Earnings Per Share
-0.11-0.08-0.06-0.05-0.050.00
EPS Growth
------

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Air Pollution Control
9.498.9111.2413.4810.66.9
Fuel Chem
17.8117.7713.8913.616.3417.37
Total
27.326.6825.1327.0826.9424.26

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
19.6124.8818.6929.7126.3135.89
Total Debt
0.530.580.630.610.190.24
Net Cash (Debt)
19.0824.318.0729.126.1235.66
Net Cash Growth
-14.79%34.49%-37.91%11.42%-26.75%309.96%
Net Cash Per Share
0.610.790.590.960.861.20

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-0.213.02-3.430.7-4.140.76
Capital Expenditures
-0.97-0.67-0.38-0.42-0.21-0.08
Free Cash Flow
-1.182.34-3.810.28-4.350.68
Free Cash Flow Growth
------

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
44.74%46.42%42.27%43.04%43.22%49.04%
Operating Margin
-16.78%-13.80%-18.71%-9.81%-5.67%-6.14%
Pretax Margin
-12.68%-8.66%-7.42%-5.42%-5.15%0.28%
Profit Margin
-12.75%-8.71%-7.73%-5.68%-5.35%0.22%
FCF Margin
-4.34%8.78%-15.16%1.03%-16.13%2.79%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
-----784.62
Forward PE
-142.00142.00142.007.947.94
P/FCF Ratio
-20.70-114.77-62.58
PS Ratio
1.601.821.281.181.431.75