Fuel Tech, Inc.
FTEK Nasdaq· Industrial & Commercial Fans & Blowers & Air Purifing Equip
Last close · Oct 26, 2026
$1.46
KIRA · Stoqly’s AI analyst, in plain words
- Fuel Tech, Inc. had $26.7M of revenue in fiscal 2025, up 6.1% on the year before. Over five years, revenue changed +3.4% a year on average.
- Its operating margin was −13.8%, up 4.9 pts: of every 100 in sales, about −14 is left after running the business.
- Fuel Tech, Inc. lost $2.3M in fiscal 2025.
- Free cash flow was $2.3M in fiscal 2025, 8.8% of revenue.
Market cap
$45.5M
P/E
—
Revenue
$26.7M
Net income
−$2.3M
Free cash flow
$2.3M
Operating margin
−13.8%
Fuel Tech, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+6.1%
Yes. Sales grew 6.1% last year.
Does it make a profit?
−8.7%
No. It lost money last year.
Does profit turn into cash?
8.8%
Partly. 8.8% of sales ends up as free cash.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Fuel Tech, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 3, 2026
- Legal name
- FUEL TECH, INC.
- CIK
- 0000846913
Fuel Tech, Inc. · FTEK
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $24.3M | $26.9M | $27.1M | $25.1M | $26.7M |
| Revenue growth | 7.6% | 11.0% | 0.5% | −7.2% | 6.1% |
| Gross margin | 49.0% | 43.2% | 43.0% | 42.3% | 46.4% |
| Operating margin | −6.1% | −5.7% | −9.8% | −18.7% | −13.8% |
| Net income | $0.1M | −$1.4M | −$1.5M | −$1.9M | −$2.3M |
| Net margin | 0.2% | −5.4% | −5.7% | −7.7% | −8.7% |
| Diluted EPS | $0.00 | −$0.05 | −$0.05 | −$0.06 | −$0.08 |
| Cash | |||||
| Cash from operations | $0.8M | −$4.1M | $0.7M | −$3.4M | $3.0M |
| Capital expenditure | $0.1M | $0.2M | $0.4M | $0.4M | $0.7M |
| Free cash flow | $0.7M | −$4.3M | $0.3M | −$3.8M | $2.3M |
| FCF margin | 2.8% | −16.1% | 1.0% | −15.2% | 8.8% |
| Share count change | 20.3% | 2.0% | 0.2% | 0.7% | 1.2% |
| Debt and strength | |||||
| Cash and short-term investments | $35.9M | $26.3M | $29.7M | $18.7M | $24.9M |
| Debt incl. finance leases | $0.0M | — | — | — | — |
| Shareholders' equity | $46.2M | $44.8M | $43.7M | $42.0M | $39.9M |
| Current ratio | 12.9x | 7.5x | 6.7x | 5.1x | 5.1x |
| Interest coverage | −78.4x | −89.8x | −126.6x | — | — |
| Returns and quality | |||||
| Return on capital | −11.5% | — | — | — | — |
| Return on equity | 0.2% | −3.2% | −3.5% | −4.5% | −5.7% |
| Return on tangible equity | 0.1% | −3.4% | −3.7% | −4.9% | −6.3% |
| Piotroski F-score | 7 | 1 | 2 | 0 | 5 |
| Altman Z'' | 10.2 | 5.2 | 3.2 | 1.0 | 0.4 |
Insiders bought, 12 months
$0.0M
2 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Fuel Tech, Inc. · FTEK
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $1.46 a share, the company is worth $45.5M.
Source: SEC EDGAR XBRL filings (CIK 0000846913). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.