Fuel Tech, Inc. (FTEK)

Fuel Tech Ratios and Metrics

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

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Cap	45	48	32	32	38	42
Market Cap Growth	-44.53%	50.34%	1.06%	-17.08%	-9.19%	-56.72%
Enterprise Value	23.86	24.18	14.17	2.8	12.36	6.71
Last Close Price	1.44	1.56	1.05	1.05	1.27	1.40

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Forward PE	-	142.00	142.00	142.00	7.94	7.94
PEG Ratio	-	2.34	2.34	2.34	2.34	2.34
PS Ratio	1.70	1.82	1.28	1.18	1.43	1.75
PB Ratio	1.17	1.21	0.77	0.73	0.86	0.92
P/TBV Ratio	1.25	1.30	0.81	0.77	0.87	0.95
P/FCF Ratio	-	20.70	-	114.77	-	62.58
P/OCF Ratio	67.89	16.07	-	45.84	-	55.68

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
EV/Sales Ratio	0.90	0.91	0.56	0.10	0.46	0.28
EV/FCF Ratio	-	10.32	-	10.09	-	9.91

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Debt / Equity Ratio	0.01	0.01	0.01	0.01	0.00	0.00
Debt / FCF Ratio	-	0.25	-	2.21	-	0.35
Net Debt / Equity Ratio	-0.55	-0.61	-0.43	-0.67	-0.58	-0.77
Net Debt / EBITDA Ratio	5.84	8.15	4.26	12.57	24.03	47.67
Net Debt / FCF Ratio	77.86	-10.38	4.74	-104.68	6.01	-52.67
Asset Turnover	0.58	0.56	0.51	0.54	0.54	0.61
Inventory Turnover	38.83	37.13	34.71	37.12	41.35	55.56
Quick Ratio	5.15	4.82	4.79	6.41	7.14	12.15
Current Ratio	5.44	5.09	5.06	6.74	7.52	12.87
Return on Equity (ROE)	-7.52%	-5.68%	-4.54%	-3.47%	-3.17%	0.16%
Return on Assets (ROA)	-9.43%	-7.72%	-9.87%	-5.54%	-3.17%	-2.95%
Return on Invested Capital (ROIC)	-26.07%	-18.75%	-25.43%	-16.70%	-10.84%	-9.79%
Return on Capital Employed (ROCE)	-10.76%	-8.78%	-10.73%	-5.90%	-3.32%	-4.18%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
FCF Yield	-	4.83%	-	0.87%	-	1.60%
Buyback Yield / Dilution	-1.22%	-1.19%	-0.74%	-5.23%	2.88%	-20.26%
Total Shareholder Return	-1.22%	-1.19%	-0.74%	-5.23%	2.88%	-20.26%

SEC Filings: 10-K · 10-Q

Data Source: Fiscal.ai Last updated: May 5, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 26, 2026

Data Sources Report a data error