Fuel Tech, Inc.

Fuel Tech, Inc.

FTEKยทNASDAQ

$1.63

+1.2%
IndustrialsIndustrial - Pollution & Treatment Controls

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.

At a Glance

Live Snapshot
Market Cap$50.79M
EPS-0.0751
P/E Ratio-20.77
Earnings Date05/05/2026
3Y-6.0%
5Y+57.0%
10Y-18.0%
3Y+37.0%
5Y-7.0%
10Y-50.0%
3Y-11.0%
5Y+79.0%
10Y-8.0%
ftek

Fuel Tech, Inc. Funding & Solvency Profile

FTEK ยท NASDAQ
Cash & Cash Equivalents11.94M
Net Receivables5.36M
Inventory373.00K
Other Current Assets1.33M
Total Current Assets32 M
Property, Plant & Equipment5.28M
Goodwill & Intangible Assets2.76M
Long-Term Investments6.99M
Other Non-Current Assets207.00K
Total Non-Current Assets12 M
Total Assets
47.18M

Financial Health Analysis

Current Ratio

5.09x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.18x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

26 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

68% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

Fuel Tech, Inc. Balance Sheet

FTEK โ€ข NASDAQ

Fuel Tech, Inc. Balance SheetDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
ASSETS
CURRENT ASSETS
11.9M
8.5M
17.6M
23.3M
35.9M
10.6M
10.9M
12M
8.4M
11.8M
21.7M
18.6M
27.7M
24.5M
28.2M
30.5M
21M
28.1M
30.5M
24.4M
12.9M
10.2M
12.1M
3M
0.0
0.0
0.0
0.0
6K
9K
19K
36K
30K
44K
57K
0.0
0.0
0.0
2M
8M
24.9M
18.7M
29.7M
26.3M
35.9M
10.6M
10.9M
12M
8.4M
11.8M
21.7M
18.7M
27.8M
24.5M
28.3M
30.5M
21M
28.1M
32.5M
32.4M
5.4M
9.4M
6.7M
7.7M
3.3M
6.5M
6.5M
18.4M
20.4M
18.9M
24.9M
22.6M
38.4M
30.3M
35.5M
21.2M
17.9M
23.4M
31.9M
16.7M
5.3M
7.3M
6.5M
4.5M
1.9M
6.5M
6.5M
18.4M
20.3M
18.8M
23.1M
22M
37M
30.2M
34.3M
21.2M
17.9M
23.4M
31.9M
16.7M
82K
2M
255K
3.2M
1.4M
0.0
7K
118K
129K
87K
1.9M
597K
1.4M
156K
1.1M
0.0
0.0
0.0
0.0
0.0
373K
397K
439K
392K
348K
97K
264K
957K
945K
1M
1.7M
1.1M
443K
513K
311K
807K
450K
1M
186K
203K
0.0
0.0
0.0
0.0
1.1M
1.6M
1.9M
3.3M
3M
2.9M
3.9M
1.8M
2.2M
4M
2M
1.9M
2.3M
4.3M
1.8M
1.9M
1.3M
1.2M
1.4M
1.4M
891K
2.2M
2.1M
6M
1.8M
6M
239K
4.8M
477K
573K
163K
2M
836K
767K
1.6M
5M
31.9M
29.6M
38.3M
35.8M
41.5M
21.1M
21.6M
40.7M
33.7M
40.6M
52.4M
58.3M
69.3M
59.9M
66.3M
54.5M
42.4M
58M
67.9M
56.2M
NON-CURRENT ASSETS
5.3M
5.7M
5.1M
4.6M
4.9M
5.6M
6.6M
6M
6.3M
10.9M
12M
13.5M
13M
13.7M
13.6M
14.4M
15.5M
17.5M
11.3M
4.1M
2.1M
2.1M
2.1M
2.1M
2.1M
2.1M
2.1M
2.1M
2.1M
2.1M
2.1M
2.1M
21.1M
21.1M
21.1M
21.1M
21.1M
5.2M
2.1M
2.1M
646K
327K
358K
397K
448K
553K
906K
1.2M
1.7M
3.5M
7.1M
10.5M
4.3M
4.8M
5.4M
6.1M
6.7M
2.5M
1.1M
1.2M
2.8M
2.4M
2.5M
2.5M
2.6M
2.7M
3M
3.3M
3.8M
5.6M
9.3M
12.6M
25.4M
25.9M
26.5M
27.1M
27.8M
7.7M
3.2M
3.3M
7M
10.9M
3.7M
6.4M
0.0
0.0
-171K
-171K
5M
0.0
0.0
0.0
-477K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
171K
171K
363K
0.0
992K
5.6M
477K
3.7M
3.8M
5M
4.2M
2.4M
2.6M
885K
207K
191K
781K
794K
1.1M
732K
950K
1.7M
1.3M
666K
1.4M
1.4M
2.4M
2.7M
2.8M
2.3M
2.3M
3.2M
2.3M
1.2M
15.2M
19.2M
12.1M
14.3M
8.5M
9M
10.6M
11M
16.7M
17.2M
23.6M
33.1M
40.8M
46M
46.7M
48.7M
49.8M
30.9M
19.4M
9.4M
47.2M
48.8M
50.4M
50.1M
50M
30.1M
32.2M
51.7M
50.5M
57.8M
76M
91.5M
110.1M
105.9M
113M
103.2M
92.3M
88.9M
87.2M
65.7M
LIABILITIES
CURRENT LIABILITIES
3.2M
2.9M
2.4M
2.7M
1.6M
2.4M
2.1M
9.5M
9.1M
6.3M
8.9M
7.3M
9.9M
12.8M
10.5M
9.4M
5.8M
8.2M
13.6M
7.6M
3.2M
2.9M
2.4M
2.7M
1.6M
2.4M
2.1M
9.5M
9.1M
6.3M
8.9M
7.3M
9.9M
12.8M
10.5M
7.5M
5.8M
8.2M
13.6M
7.6M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.9M
0.0
0.0
0.0
0.0
0.0
0.0
393K
220K
312K
1.8M
1.6M
6.2M
3.3M
5.7M
5.7M
6.7M
7.8M
3.2M
4.9M
8M
3.1M
3.3M
7M
9.9M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.6M
1.6M
0.0
1.2M
2.3M
2.9M
2.2M
2.1M
0.0
89K
77K
81K
125K
113K
149K
182K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
73K
0.0
0.0
0.0
0.0
0.0
0.0
1.9M
0.0
0.0
0.0
0.0
0.0
0.0
1.4M
447K
390K
0.0
712K
1.2M
2.4M
1.7M
1.9M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
2.9M
2.9M
1.4M
1.3M
847K
1.2M
884K
1.5M
3.4M
2.1M
1.9M
3M
1.3M
4.9M
6.1M
-1.9M
0.0
0.0
0.0
0.0
6.3M
5.9M
5.7M
4.8M
3.2M
5.5M
4.9M
17.2M
15.7M
14.1M
16.5M
18.7M
20.6M
20.9M
22.6M
17.8M
11.8M
13.7M
22.7M
17.5M
NON-CURRENT LIABILITIES
76K
0.0
0.0
0.0
0.0
1.6M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-76K
-608K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
187K
176K
172K
177K
139K
0.0
171K
171K
532K
0.0
0.0
0.0
59K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
296K
263K
281K
274K
290K
443K
286K
506K
420K
346K
501K
520K
730K
715K
1.3M
1.5M
2.2M
1.4M
1.3M
500K
1.1M
987K
986K
517K
551K
2.2M
1.1M
506K
420K
346K
501K
520K
789K
715K
1.3M
1.5M
2.2M
1.4M
1.3M
500K
580K
625K
614K
191K
235K
386K
980K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
7.2M
6.8M
6.7M
5.3M
3.8M
7.8M
6M
17.7M
16.1M
14.4M
17M
19.2M
21.4M
21.7M
24M
19.3M
14M
15.1M
24M
18M
SHAREHOLDERS' EQUITY
-2.6M
-2.3M
-2.3M
-2.3M
-2.2M
-2.2M
-1.6M
-1.5M
-1.5M
-1.2M
-1M
-790K
-486K
-39K
0.0
0.0
0.0
0.0
0.0
0.0
322K
317K
313K
313K
312K
262K
254K
248K
248K
238K
234K
230K
227K
221K
237K
242K
242K
241K
224K
221K
165.6M
165.3M
164.9M
164.4M
164.2M
140.1M
139.6M
139M
138.8M
137.4M
135.4M
135M
132.8M
133.5M
132.4M
129.4M
125.5M
118.6M
111.5M
103.1M
-121.8M
-119.5M
-117.5M
-116M
-114.5M
-114.6M
-110.3M
-102.5M
-102.5M
-91.5M
-74.1M
-61.8M
-44M
-49.1M
-44M
-46.1M
-47.8M
-45.3M
-48.9M
-56M
-1.7M
-1.9M
-1.7M
-1.7M
-1.6M
-1.3M
-1.8M
-1.3M
-768K
-1.6M
-1.6M
-448K
37K
-392K
381K
243K
269K
268K
438K
356K
76K
76K
76K
76K
76K
0.0
76K
76K
245K
76K
76K
76K
76K
76K
76K
76K
81K
0.0
0.0
0.0
39.9M
42M
43.7M
44.8M
46.2M
22.3M
26.2M
34.1M
34.3M
43.4M
59M
72.3M
88.6M
84.2M
89M
83.9M
78.2M
73.8M
63.2M
47.7M
39.9M
42M
43.7M
44.8M
46.2M
22.3M
26.2M
34.1M
34.3M
43.4M
59M
72.3M
88.6M
84.2M
89M
83.9M
78.2M
73.8M
63.2M
47.7M
SUMMARY
47.2M
48.8M
50.4M
50.1M
50M
30.1M
32.2M
51.7M
50.5M
57.8M
76M
91.5M
110.1M
105.9M
113M
103.2M
92.3M
88.9M
87.2M
65.7M
19.9M
21.1M
15.8M
9.3M
0.0
0.0
-171K
-171K
6K
9K
19K
36K
30K
44K
57K
0.0
0.0
0.0
2M
8M
656K
625K
614K
191K
235K
1.9M
980K
76K
76K
76K
0.0
1.6M
1.6M
0.0
1.2M
2.3M
2.9M
2.2M
2.1M
0.0
-11.3M
-7.9M
-17M
-23.1M
-35.7M
-8.7M
-9.9M
-12M
-8.3M
-11.8M
-21.7M
-17M
-26.1M
-24.5M
-27M
-28.3M
-18M
-26M
-28.4M
-24.4M
31,074,438
31,074,438
31,074,438
31,074,438
31,074,438
31,074,438
31,074,438
31,074,438
31,074,438
31,074,438
31,074,438
31,074,438
31,074,438
31,074,438
31,074,438
31,074,438
31,074,438
31,074,438
31,074,438
31,074,438

SEC Filings

FTEK - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
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
Showing 1 to 10 of 340 filings