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FUEL TECH, INC.

FTEK

$1.40 ▲ +0.03 (+2.19%) at close

17 Visible periods

31 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

FUEL TECH, INC. faces fundamental challenges with weakness in Profit Margin (%) and Operating Margin (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $43.3M

Dividend Yield —

Revenue Growth 6.1% ↗

Op. Margin -13.8% ↗

ROIC -9.3% ↗

FCF / Share $0.10 ↗

Trailing P/E —

Price / Book 1.1x

FCF Yield 7.0%

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 7, 2026.

17-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$26.68M

↑ +6.1% —

Net Income Profit after all expenses

$-2.32M

↓ -19.6% —

Operating Margin Operating profit as % of sales

-13.8%

↑ +26.2% 12th

FCF / Share Free cash flow per share

$0.10

↑ +186.8% —

Long-Term Debt Long-term obligations

$0.00

↓ -100.0% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile

Health Breakdown

Profitability →

Returns

Cash Quality

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2010 10-K ↗	FY 2010 Dec 31, 2009 10-K ↗	FY 2009 Dec 31, 2008 10-K ↗
Revenue Growth YoY (%)	6.1% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+23%)	-7.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-244%)	0.5% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-90%)	11.0% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+121%)	7.6% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+52%)	-26.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-620%)	-46.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1022%)	25.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+403%)	-18.1% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-462%)	-25.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-602%)	-6.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-235%)	-27.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-655%)	16.7% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+235%)	14.5% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+190%)	14.6% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+191%)	—	—
EPS Growth YoY (%)	-33.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-20.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	0.0% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	—	100.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	46.9% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	—	100.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	40.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-37.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	30.8% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	N/M	-11.5% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	271.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	—	—
Net Income Growth YoY (%)	-19.6% Weak ↓ Weak Declining Year-over-year change in net income	-26.3% Weak Weak Year-over-year change in net income	-6.7% Weak Weak Year-over-year change in net income	N/M	N/M	45.5% Excellent ↑ Excellent Improving Year-over-year change in net income	-27942.9% Weak ↓ Weak Declining Year-over-year change in net income	99.7% Excellent ↑ Excellent Improving Year-over-year change in net income	39.9% Excellent ↑ Excellent Improving Year-over-year change in net income	-40.5% Weak ↓ Weak Declining Year-over-year change in net income	30.2% Excellent ↓ Excellent Declining Year-over-year change in net income	N/M	-17.0% Weak Weak Year-over-year change in net income	250.7% Excellent Excellent Year-over-year change in net income	N/M	—	—
FCF Growth YoY (%)	N/M	N/M	N/M	N/M	N/M	21.7% Good Good Year-over-year change in free cash flow	N/M	N/M	-27.5% Weak ↓ Weak Declining Year-over-year change in free cash flow	N/M	25.7% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	87.1% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-36.7% Weak → Weak Stable Year-over-year change in free cash flow	-60.0% Weak Weak Year-over-year change in free cash flow	-10.7% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	-0.3% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	1.2% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	6.3% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	-4.0% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-24.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-20.7% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-18.0% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-8.4% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-17.0% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-20.4% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-7.7% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-1.1% Weak Weak Compound annual revenue growth over 3 years	15.3% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	3.4% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	-3.8% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-13.7% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-9.8% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-15.1% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-21.1% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-17.4% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-12.4% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-13.6% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-7.6% Weak Weak Compound annual revenue growth over 5 years	0.6% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2010 10-K ↗	FY 2010 Dec 31, 2009 10-K ↗	FY 2009 Dec 31, 2008 10-K ↗
Operating Margin (%) (%)	-13.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-215%)	-18.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-256%)	-9.8% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-182%)	-5.7% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-147%)	-6.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-151%)	-19.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-260%)	-27.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-325%)	0.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-98%)	-15.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-230%)	-21.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-282%)	-11.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-193%)	-31.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-365%)	7.3% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-39%)	10.3% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-14%)	4.8% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-60%)	-4.3% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-136%)	—
Effective Tax Rate (%) (%)	-0.6% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-4.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-4.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-3.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.6% Good Good Actual taxes paid relative to pre-tax income Optimal: 15-25%	-1.4% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	-8.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-209%)	-7.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-197%)	-5.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-171%)	-5.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-167%)	0.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-97%)	-19.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-337%)	-25.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-422%)	-0.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-101%)	-23.1% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-389%)	-31.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-494%)	-16.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-310%)	-22.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-380%)	4.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-42%)	6.6% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-18%)	2.1% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-73%)	-3.2% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-140%)	—
FCF Margin (%) (%)	11.3% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	-13.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	2.6% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-15.4% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	3.1% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-12.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-11.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	8.7% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	-7.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-5.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	9.4% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	6.9% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	2.6% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	5.2% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	14.9% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	19.1% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	-1.30x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.77x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	-0.45x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.87x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	14.09x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.63x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.43x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-175.96x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.34x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.16x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.56x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.31x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.56x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.79x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	6.95x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	-5.90x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2010 10-K ↗	FY 2010 Dec 31, 2009 10-K ↗	FY 2009 Dec 31, 2008 10-K ↗
Return on Invested Capital (%)	-9.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-11.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-6.4% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-3.5% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-2.6% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-18.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-24.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	0.3% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-16.3% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-21.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-11.1% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-27.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	7.1% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	8.6% Fair Fair Return earned on debt + equity capital invested Optimal: > 10%	3.7% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	-7.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-9.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-5.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-3.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-3.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-14.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-25.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-14.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-20.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-10.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-27.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	7.3% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	9.1% Fair Fair Operating profit relative to total assets Optimal: > 10%	3.8% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	-5.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-139%)	-4.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-131%)	-3.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-123%)	-3.2% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-121%)	0.1% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-99%)	-19.2% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-228%)	-30.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-300%)	-0.1% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-101%)	-30.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-304%)	-40.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-367%)	-21.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-240%)	-24.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-263%)	5.8% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-62%)	6.9% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-54%)	2.1% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-86%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2010 10-K ↗	FY 2010 Dec 31, 2009 10-K ↗	FY 2009 Dec 31, 2008 10-K ↗
Debt to Equity (x)	—	—	—	—	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.07x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-90%)	—	—	—	—	0.00x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.02x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-97%)	0.02x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-97%)	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.03x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-96%)	—	—
Interest Coverage (x)	—	—	-126.57x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-89.82x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-114.54x Weak Weak Operating income divided by interest expense Optimal: > 5x	-1084.00x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	—	—	-305.81x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-201.30x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	142.86x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	65.20x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	27.53x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	-25.68x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-11.94M	$-8.51M	$-17.58M	$-23.33M	$-35.89M	$-9.08M	$-10.91M	$-12.04M	$-8.37M	$-11.83M	$-21.68M	$-17.01M	$-26.10M	$-28.23M	$-28.25M	$-20.96M	$-28.15M
Debt / EBITDA (x)	—	—	—	—	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.42x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	0.00x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.07x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.16x Excellent → Excellent Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.32x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2010 10-K ↗	FY 2010 Dec 31, 2009 10-K ↗	FY 2009 Dec 31, 2008 10-K ↗
Revenue per Share (USD)	$0.86	$0.82	$0.89	$0.89	$0.82	$0.91	$1.26	$2.34	$1.89	$2.36	$3.19	$3.47	$4.91	$3.89	$3.38	$2.96	—
Basic EPS, GAAP (USD)	$-0.08	$-0.06	$-0.05	$-0.05	$0.00	$-0.17	$-0.32	$0.00	$-0.44	$-0.74	$-0.54	$-0.78	$0.23	$0.26	$0.07	$-0.10	—
Free Cash Flow per Share (USD)	$0.10	$-0.11	$0.02	$-0.14	$0.03	$-0.11	$-0.14	$0.20	$-0.15	$-0.12	$0.30	$0.24	$0.13	$0.20	$0.50	$0.56	—
Book Value per Share (USD)	$1.29	$1.37	$1.44	$1.48	$1.53	$0.88	$1.06	$1.41	$1.42	$1.85	$2.55	$3.16	$3.92	$4.03	$3.47	—	—
Tangible Book Value per Share (USD)	$1.20	$1.29	$1.36	$1.40	$1.44	$0.78	$0.94	$1.27	$1.26	$1.68	$2.15	$2.61	$2.80	$2.86	$2.35	—	—
Basic Weighted Avg Shares (shares)	30.94M	30.57M	30.35M	30.29M	29.59M	24.69M	24.20M	24.16M	23.87M	23.36M	23.10M	22.78M	22.29M	24.09M	24.21M	24.15M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2010 10-K ↗	FY 2010 Dec 31, 2009 10-K ↗	FY 2009 Dec 31, 2008 10-K ↗
Working Capital (USD)	$25.67M	$23.76M	$32.63M	$31.06M	$38.24M	$15.54M	$16.70M	$23.56M	$18.02M	$26.59M	$35.87M	$39.69M	$48.62M	$38.92M	$36.65M	—	—
LT Debt (USD)	—	—	—	—	$0.00	$1.56M	—	—	—	—	—	—	—	—	—	—	—
Total Equity (USD)	$39.93M	$41.95M	$43.71M	$44.84M	$46.20M	$22.32M	$26.18M	$34.05M	$34.17M	$43.39M	$58.97M	$72.30M	$88.62M	$89.01M	$83.91M	—	$73.58M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2010 10-K ↗	FY 2010 Dec 31, 2009 10-K ↗	FY 2009 Dec 31, 2008 10-K ↗
Sales/Revenue/Turnover (USD)	$26.68M	$25.13M	$27.08M	$26.94M	$24.26M	$22.55M	$30.47M	$56.53M	$45.17M	$55.16M	$73.66M	$79.02M	$109.34M	$93.67M	$81.80M	$71.40M	—
Depreciation Expense (USD)	$663.00K	$403.00K	$281.00K	$352.00K	$584.00K	$663.00K	$810.00K	$654.00K	$1.31M	$1.78M	$2.07M	$1.92M	$2.17M	$2.81M	$3.19M	$3.80M	—
Net Income, GAAP (USD)	$-2.32M	$-1.94M	$-1.54M	$-1.44M	$54.00K	$-4.28M	$-7.85M	$-28.00K	$-10.45M	$-17.39M	$-12.38M	$-17.73M	$5.10M	$6.15M	$1.75M	$-2.31M	—
Operating Cash Flow (USD)	$3.02M	$-3.43M	$696.00K	$-4.14M	$761.00K	$-2.71M	$-3.39M	$4.93M	$-3.57M	$-2.74M	$6.93M	$5.43M	$2.84M	$4.86M	$12.19M	$13.61M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 17 years · 63 quarters

FUEL TECH, INC.

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