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Fuel Tech, Inc. (FTEK)
NASDAQ: FTEK · Real-Time Price · USD
1.350
+0.020 (1.50%)
At close: Nov 6, 2026, 4:00 PM EST
1.380
+0.030 (2.22%)
After-hours: Nov 6, 2026, 7:38 PM EST

Fuel Tech Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
28.4926.6825.1327.0826.9424.26
Revenue Growth
15.28%6.14%-7.19%0.52%11.05%7.59%
Gross Profit
12.4612.3810.6211.6611.6411.9
Operating Income
-5.11-3.68-4.7-2.66-1.53-1.49
Net Income
-4.05-2.32-1.94-1.54-1.440.05
Earnings Per Share
-0.13-0.08-0.06-0.05-0.050.00
EPS Growth
------

Revenue by Segment
Chart
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '24 Dec '23 Dec '22 Dec '21
Air Pollution Control
8.9111.2413.4810.66.9
Fuel Chem
17.7713.8913.616.3417.37
Total
26.6825.1327.0826.9424.26

Cash & Debt
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
17.8324.8818.6929.7126.3135.89
Total Debt
0.520.580.630.610.190.24
Net Cash (Debt)
17.3124.318.0729.126.1235.66
Net Cash Growth
-31.48%34.49%-37.91%11.42%-26.75%309.96%
Net Cash Per Share
0.560.790.590.960.861.20

Cash Flow & CapEx
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-4.983.02-3.430.7-4.140.76
Capital Expenditures
-0.95-0.67-0.38-0.42-0.21-0.08
Free Cash Flow
-5.932.34-3.810.28-4.350.68
Free Cash Flow Growth
------

Margins
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
43.73%46.42%42.27%43.04%43.22%49.04%
Operating Margin
-17.93%-13.80%-18.71%-9.81%-5.67%-6.14%
Pretax Margin
-14.17%-8.66%-7.42%-5.42%-5.15%0.28%
Profit Margin
-14.22%-8.71%-7.73%-5.68%-5.35%0.22%
FCF Margin
-20.80%8.78%-15.16%1.03%-16.13%2.79%

Valuation
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '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
1.481.821.281.181.431.75