FTEK
Fuel Tech Inc
NASDAQ: FTEK · INDUSTRIALS · POLLUTION & TREATMENT CONTROLS
$1.57
-5.42% today
Updated 2026-04-30
Market cap
$42.06M
P/E ratio
—
P/S ratio
1.58x
EPS (TTM)
$-0.08
Dividend yield
—
52W range
$1 – $4
Volume
0.2M
Fuel Tech Inc (FTEK) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $75.11M | $80.30M | $81.07M | $71.40M | $81.80M | $93.67M | $97.64M | $109.34M | $79.02M | $73.66M | $55.16M | $45.17M | $56.53M | $30.47M | $22.55M | $24.26M | $26.94M | $27.08M | $25.13M | $26.68M |
| Revenue growth (YoY) | — | +6.9% | +1.0% | -11.9% | +14.6% | +14.5% | +4.2% | +12.0% | -27.7% | -6.8% | -25.1% | -18.1% | +25.2% | -46.1% | -26.0% | +7.6% | +11.0% | +0.5% | -7.2% | +6.1% |
| Cost of revenue | $38.43M | $42.47M | $44.34M | $42.44M | $46.82M | $49.86M | $56.90M | $62.52M | $43.89M | $45.11M | $36.37M | $27.14M | $36.47M | $19.64M | $11.91M | $12.36M | $15.30M | $15.43M | $14.51M | $14.29M |
| Gross profit | $36.69M | $37.83M | $36.73M | $28.95M | $34.97M | $43.81M | $40.74M | $46.82M | $35.13M | $28.56M | $18.79M | $18.02M | $20.06M | $10.83M | $10.64M | $11.90M | $11.64M | $11.66M | $10.62M | $12.38M |
| Gross margin | 48.8% | 47.1% | 45.3% | 40.6% | 42.8% | 46.8% | 41.7% | 42.8% | 44.5% | 38.8% | 34.1% | 39.9% | 35.5% | 35.5% | 47.2% | 49.0% | 43.2% | 43.0% | 42.3% | 46.4% |
| R&D | $2.05M | $2.14M | $2.10M | $542000.00 | $948000.00 | $1.47M | $2.86M | $2.44M | $1.46M | $4.27M | $4.55M | $1.07M | $1.07M | $1.13M | $1.18M | $1.33M | $895000.00 | $1.51M | $1.56M | $2.01M |
| SG&A | $23.90M | $24.95M | $28.01M | $32.27M | $31.80M | $83.30M | $32.68M | $36.38M | $35.43M | $31.12M | $25.56M | $20.93M | $18.56M | $17.19M | $13.60M | $12.05M | $12.28M | $12.20M | $13.76M | $14.05M |
| Operating income | $10.73M | $10.74M | $6.62M | $-3.08M | $3.94M | $9.65M | $5.20M | $8.00M | $-25.16M | $-8.26M | $-14.82M | $-7.07M | $110000.00 | $-8.24M | $-4.34M | $-1.49M | $-1.53M | $-2.66M | $-4.70M | $-3.68M |
| Operating margin | 14.3% | 13.4% | 8.2% | -4.3% | 4.8% | 10.3% | 5.3% | 7.3% | -31.8% | -11.2% | -26.9% | -15.6% | 0.2% | -27.0% | -19.2% | -6.1% | -5.7% | -9.8% | -18.7% | -13.8% |
| EBITDA | $12.81M | $13.21M | $9.74M | $1.82M | $7.91M | $13.13M | $8.26M | $10.94M | $-21.37M | $-4.39M | $-5.62M | $-2.45M | $1.27M | $-6.49M | $-3.37M | $828000.00 | $-931000.00 | $-1.11M | $-1.41M | $-2.98M |
| EBITDA margin | 17.1% | 16.4% | 12.0% | 2.5% | 9.7% | 14.0% | 8.5% | 10.0% | -27.0% | -6.0% | -10.2% | -5.4% | 2.3% | -21.3% | -14.9% | 3.4% | -3.5% | -4.1% | -5.6% | -11.2% |
| EBIT | $10.73M | $10.74M | $6.74M | $-3.29M | $3.83M | $9.40M | $5.17M | $7.92M | $-25.68M | $-8.60M | $-9.12M | $-3.98M | $427000.00 | $-7.49M | $-4.22M | $87000.00 | $-1.37M | $-1.45M | $-1.87M | $-3.68M |
| Interest expense | $0.00 | $24000.00 | $135000.00 | $120000.00 | $143000.00 | $148000.00 | $93000.00 | $56000.00 | $125000.00 | $27000.00 | $0.00 | $0.00 | $0.00 | $732000.00 | $4000.00 | $19000.00 | $17000.00 | $21000.00 | $0.00 | — |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 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% |
| Net income | $6.83M | $7.24M | $3.60M | $-2.31M | $1.75M | $6.15M | $2.78M | $5.10M | $-17.73M | $-12.38M | $-17.39M | $-10.98M | $-28000.00 | $-7.85M | $-4.28M | $54000.00 | $-1.44M | $-1.54M | $-1.94M | $-2.32M |
| Net income growth (YoY) | — | +6.1% | -50.3% | -164.0% | +176.0% | +250.7% | -54.8% | +83.8% | -447.5% | +30.2% | -40.5% | +36.8% | +99.7% | -27942.9% | +45.5% | +101.3% | -2770.4% | -6.7% | -26.3% | -19.6% |
| Profit margin | 9.1% | 9.0% | 4.4% | -3.2% | 2.1% | 6.6% | 2.8% | 4.7% | -22.4% | -16.8% | -31.5% | -24.3% | -0.0% | -25.8% | -19.0% | 0.2% | -5.4% | -5.7% | -7.7% | -8.7% |