Fuel Tech Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 25, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	44	32	32	39	42	96
Market Cap Growth	51.63%	1.06%	-17.41%	-8.83%	-55.79%	317.11%
Enterprise Value	19	12	4	12	7	88
Last Close Price	1.42	1.05	1.05	1.27	1.40	3.88
PE Ratio	-	-	-	-	784.62	-
PS Ratio	1.79	1.28	1.18	1.43	1.75	4.25
PB Ratio	1.08	0.77	0.73	0.86	0.92	4.29
P/TBV Ratio	1.14	0.82	0.77	0.91	0.97	4.88
P/FCF Ratio	16.70	-	114.77	-	62.58	-
P/OCF Ratio	15.03	-	45.84	-	55.68	-
PEG Ratio	-	2.34	2.34	2.34	2.34	2.34
EV/Sales Ratio	0.76	0.49	0.15	0.46	0.31	3.92
EV/FCF Ratio	7.14	-	14.64	-	11.05	-
Debt / Equity Ratio	0.02	0.02	0.01	0.00	0.01	0.09
Debt / FCF Ratio	0.23	-	2.21	-	0.35	-
Net Debt / Equity Ratio	-0.62	-0.43	-0.67	-0.58	-0.77	-0.39
Net Debt / EBITDA Ratio	6.86	4.26	12.57	24.03	47.67	1.48
Net Debt / FCF Ratio	-9.56	4.74	-104.68	6.01	-52.67	2.94
Asset Turnover	0.50	0.51	0.54	0.54	0.61	0.73
Inventory Turnover	31.62	34.71	37.12	41.35	55.56	80.34
Quick Ratio	5.19	4.79	6.41	7.14	12.15	3.11
Current Ratio	5.41	5.06	6.74	7.52	12.87	3.81
Return on Equity (ROE)	-7.09%	-4.54%	-3.47%	-3.17%	0.16%	-17.64%
Return on Assets (ROA)	-5.58%	-5.93%	-3.31%	-1.91%	-2.33%	-13.63%
Return on Invested Capital (ROIC)	-25.70%	-24.43%	-15.95%	-10.44%	-9.79%	-46.01%
Return on Capital Employed (ROCE)	-10.40%	-10.90%	-5.90%	-3.40%	-3.20%	-27.40%
Earnings Yield	-6.82%	-6.03%	-4.82%	-3.73%	0.13%	-4.46%
FCF Yield	5.99%	-11.82%	0.87%	-11.25%	1.60%	-3.08%
Buyback Yield / Dilution	-1.16%	-0.74%	-0.19%	-2.00%	-20.26%	-2.02%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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