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-173.0%
5Y-211.0%
10Y-210.0%
3Y-106.0%
5Y-321.0%
10Y-158.0%
3Y+1206.0%
5Y-117.0%
10Y-96.0%
FTEK

Fuel Tech, Inc. Cash Conversion Engine

FTEK ยท NASDAQ
Net Income-2.32M
Depreciation & Amortization663.00K
Stock-Based Compensation326.00K
Change in Working Capital4.36M
Others-24.00K
Capital Expenditures-674.00K
Free Cash Flow2.34M

Cash Flow Quality Analysis

FCF Conversion Rate

-100.8%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

22.3%

Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.

FCF Growth Trend

+161.5%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$4.36M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Fuel Tech, Inc. Cash Flow Statement

FTEK โ€ข NASDAQ

Fuel Tech, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
-2.3M
-1.9M
-1.5M
-1.4M
54K
-4.3M
-7.9M
85K
-7.1M
-17.4M
-12.4M
-17.7M
5.1M
2.8M
6.1M
1.8M
-2.3M
3.6M
7.2M
6.8M
663K
460K
342K
440K
741K
848K
996K
847K
1.5M
3.5M
4.2M
4.3M
3M
3.1M
3.7M
4.1M
5.1M
3M
2.5M
2.1M
11K
4K
-5K
38K
5K
-38K
0.0
2K
-3.9M
1.2M
4.9M
-9.5M
1.3M
-458K
793K
-588K
-1.5M
962K
1.7M
-1.2M
326K
446K
389K
224K
82K
290K
574K
233K
1.4M
2M
1.8M
2.3M
1.8M
1.3M
2.8M
4.2M
6M
0.0
0.0
0.0
-24K
-136K
-423K
-111K
-2.1M
-834K
763K
351K
5.5M
2.8M
1.4M
24.2M
707K
-33K
-375K
-653K
94K
5.8M
4.7M
1.8M
(0.0)
(52K)
(12K)
(14K)
(0.0)
(95K)
(18K)
(27K)
(31K)
(368K)
(0.0)
(0.0)
(2.9M)
(2M)
(5.2M)
(297K)
(195K)
(5.9M)
(0.0)
(0.0)
4.4M
-2.3M
1.9M
-3.3M
2M
1.3M
2.1M
3.4M
-1M
5.1M
7M
1.9M
-9M
2M
-8.2M
3.4M
6.1M
-5.4M
-12.1M
-1.3M
3M
-3.4M
696K
-4.1M
761K
-2.7M
-3.4M
4.9M
-3.6M
-2.7M
6.9M
5.4M
2.8M
8.7M
4.9M
12.2M
13.5M
8M
4.1M
8.2M
INVESTING ACTIVITIES
-674K
-378K
-418K
-206K
-84K
-247K
-550K
-570K
-492K
-940K
-802K
-5.8M
-1.8M
-2.5M
-2.4M
-2.2M
-2M
-9.8M
-9.7M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(1K)
(2K)
(2K)
(26K)
-8.1M
(0.0)
(0.0)
(0.0)
(0.0)
-20.2M
-3.9M
(0.0)
(0.0)
-12M
-18.1M
-14M
-9.8M
(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)
-4M
13.3M
13M
8M
500K
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
2M
6M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
505K
1K
2K
2K
26K
-3M
0.0
0.0
2K
200K
-200K
0.0
0.0
0.0
(545K)
-5.4M
-6.4M
-9.5M
-84K
-247K
-45K
-569K
-490K
-938K
-776K
-13.9M
-1.8M
-2.5M
-2.4M
-2M
-22.4M
-11.8M
-3.7M
-4M
FINANCING ACTIVITIES
0.0
-95K
0.0
0.0
25.8M
0.0
0.0
0.0
-258K
-172K
-252K
-304K
-447K
-7.9M
-4.1M
0.0
86K
73K
2.1M
3.8M
0.0
0.0
0.0
0.0
0.0
1.6M
0.0
0.0
0.0
0.0
-1.6M
0.0
1.6M
-1.2M
-1.2M
-737K
737K
137K
2.1M
0.0
(0.0)
-95K
(0.0)
(0.0)
(0.0)
(0.0)
-128K
-12K
-258K
-172K
-252K
-304K
-447K
-7.9M
-4.1M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-222K
0.0
42K
-17K
-1.8M
-274K
-128K
-12K
0.0
0.0
0.0
304K
878K
0.0
453K
5K
773K
1.2M
1.5M
5.9M
-222K
-95K
42K
-17K
24M
1.3M
-128K
-12K
-258K
-6.2M
-1.9M
-297K
2M
-9.1M
-4.8M
-732K
1.6M
1.4M
5.6M
9.8M
CASH FLOW SUMMARY
90K
-97K
-44K
-87K
-206K
777K
-998K
-673K
856K
10K
-1.2M
-639K
152K
-794K
73K
107K
82K
21K
87K
118K
3.4M
-9.1M
-5.8M
-13.7M
24.4M
-895K
-4.6M
3.7M
-3.5M
-9.9M
3M
-9.1M
3.3M
-3.8M
-2.3M
9.6M
-7.2M
-2.3M
6.1M
14M
8.5M
17.6M
23.3M
37.1M
12.6M
13.5M
18.1M
14.4M
11.8M
21.7M
18.6M
27.7M
24.5M
28.2M
30.5M
21M
28.1M
30.5M
24.4M
10.4M
11.9M
8.5M
17.6M
23.3M
37.1M
12.6M
13.5M
18.1M
8.4M
11.8M
21.7M
18.6M
27.7M
24.5M
28.2M
30.5M
21M
28.1M
30.5M
24.4M
2.3M
-3.8M
278K
-4.3M
677K
-3M
-3.9M
4.4M
-4.1M
-3.7M
6.1M
-383K
1.1M
6.1M
2.5M
10M
11.5M
-1.8M
-5.6M
8.2M

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