$1.63
+1.2%Fuel Tech, Inc. provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. It operates through two segments, Air Pollution Control Technology and FUEL CHEM Technology. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide (NOx) emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources by low and ultra-low NOx burners; over-fire air systems; NOxOUT and HERT selective non-catalytic reduction systems; selective catalytic reduction systems comprising ammonia injection grid, and graduated straightening grid systems; I-NOx systems; ESP Processes and Services; ULTRA technology; and flue gas conditioning systems; and burner systems. The FUEL CHEM Technology segment provides programs to improve the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units by controlling slagging, fouling, corrosion, opacity, and acid plume, as well as the formation of sulfur trioxide, ammonium bisulfate, particulate matter, sulfur dioxide, and carbon dioxide through the addition of chemicals into the furnace using TIFI targeted in-furnace injection technology. This segment offers its FUEL CHEM program for plants operating in the electric utility, industrial, pulp and paper, waste-to-energy, and university and district heating markets; and the owners of boilers, furnaces, and other combustion units. The company was incorporated in 1987 and is headquartered in Warrenville, Illinois.
Strong gross margins indicate healthy pricing and efficient production or service delivery.
Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.
Net losses indicate the company is burning cash. Sustainability depends on path to profitability.
Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.
FTEK โข NASDAQ
| Fuel Tech, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
26.7M | 25.1M | 27.1M | 26.9M | 24.3M | 22.6M | 30.5M | 56.5M | 45.2M | 55.2M | 73.7M | 79M | 109.3M | 97.6M | 93.7M | 81.8M | 71.4M | 81.1M | 80.3M | 75.1M | |
GROSS PROFIT | ||||||||||||||||||||
(14.3M) | (14.5M) | (15.4M) | (15.3M) | (12.4M) | (11.9M) | (19.6M) | (36.5M) | (27.1M) | (36.4M) | (45.1M) | (43.9M) | (62.5M) | (56.9M) | (49.9M) | (46.8M) | (42.4M) | (44.3M) | (42.5M) | (38.4M) | |
12.4M | 10.6M | 11.7M | 11.6M | 11.9M | 10.6M | 10.8M | 20.1M | 18M | 18.8M | 28.6M | 35.1M | 46.8M | 40.7M | 43.8M | 35M | 29M | 36.7M | 37.8M | 36.7M | |
OPERATING INCOME | ||||||||||||||||||||
(16.1M) | (15.3M) | (14.3M) | (13.2M) | (13.4M) | (15M) | (18.3M) | (19.6M) | (22M) | (30.1M) | (35.4M) | (36.9M) | (38.8M) | (35.5M) | (34.2M) | (31M) | (32M) | (30.1M) | (27.1M) | (26M) | |
(14.1M) | (13.8M) | (12.8M) | (12.3M) | (12.1M) | (13.6M) | (17.2M) | (18.6M) | (20.9M) | (25.6M) | (31.1M) | (35.4M) | (36.4M) | (32.7M) | (33.4M) | (30.9M) | (32.3M) | (28M) | (25M) | (23.9M) | |
(2M) | (1.6M) | (1.5M) | (895K) | (1.3M) | (1.2M) | (1.1M) | (1.1M) | (1.1M) | (4.6M) | (4.3M) | (1.5M) | (2.4M) | (2.9M) | (1.5M) | (948K) | (542K) | (2.1M) | (2.1M) | (2.1M) | |
-3.7M | -4.7M | -2.7M | -1.5M | -1.5M | -4.3M | -7.5M | 110K | -7.1M | -14.8M | -8.3M | -25.2M | 8M | 5.2M | 9.6M | 3.9M | -3.1M | 6.6M | 10.7M | 10.7M | |
PRE-TAX INCOME | ||||||||||||||||||||
(0.0) | (0.0) | (21K) | (17K) | (19K) | (4K) | (0.0) | (0.0) | (0.0) | (0.0) | (27K) | (125K) | (56K) | (93K) | (148K) | (143K) | (120K) | (135K) | (24K) | (0.0) | |
1.4M | 1.3M | 1.3M | 185K | -13K | -4K | 41K | 6K | 10K | 25K | -6K | -96K | 2K | -15K | -113K | -132K | -88K | 606K | 1.6M | 1M | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (197K) | -8K | (2K) | -60K | (0.0) | (0.0) | (0.0) | -137K | -107K | -758K | -768K | -781K | (0.0) | (0.0) | (0.0) | |
1.4M | 2.8M | 1.2M | 139K | 1.6M | 115K | 403K | 8K | -50K | -3.7M | -366K | -640K | -135K | -122K | -392K | -251K | -329K | 770K | 1.7M | 1M | |
-2.3M | -1.9M | -1.5M | -1.4M | 68K | -4.2M | -7.8M | 118K | -7.1M | -15.7M | -8.6M | -25.8M | 7.9M | 5.1M | 9.3M | 3.7M | -3.4M | 7M | 12.4M | 11.8M | |
NET INCOME | ||||||||||||||||||||
(15K) | (77K) | (69K) | (54K) | (14K) | (57K) | (14K) | (33K) | -46K | (1.7M) | (3.8M) | -8.1M | (2.8M) | (2.3M) | (3.1M) | (1.9M) | -1.1M | (3.4M) | (5.2M) | (4.9M) | |
-2.3M | -1.9M | -1.5M | -1.4M | 54K | -4.3M | -7.9M | -28K | -11M | -17.4M | -12.4M | -17.7M | 5.1M | 2.8M | 6.1M | 1.8M | -2.3M | 3.6M | 7.2M | 6.8M |
FTEK - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
DEF 14A DEF 14A 2026 N/A | April 13, 2026 | June 04, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 27, 2026 | March 24, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 03, 2026 | March 03, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 03, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2025 N/A | December 12, 2025 | December 11, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | November 04, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 04, 2025 | November 04, 2025 | 2025 | |
8-K 8-K 2025 N/A | August 05, 2025 | August 05, 2025 | 2025 | |
10-Q 10-Q 2025 Q2 Q2 | August 05, 2025 | June 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | June 10, 2025 | June 05, 2025 | 2025 |
Continue your FTEK research with focused valuation guides.
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.