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FTEK

Fuel Tech, Inc.

Price Chart
Latest Quote

$2.06

+0.07 (+3.48%)
Current Price
Previous Close $1.99
Open $1.90
Day High $2.28
Day Low $1.86
Volume 903,198
Fetched: 2026-06-23T17:36:04
Stock Information
Shares Outstanding 31.17M
Total Debt $557K
Cash Equivalents $21.58M
Revenue $26.38M
Net Income $-2.94M
Sector Industrials
Industry Pollution & Treatment Controls
Market Cap $64.18M
EPS (TTM) $-0.10
Exchange NCM
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📊 Comprehensive Analysis
Company Data
Enterprise Value$41.00M
Sales$26.38M
Income$-2.94M
Book/sh$1.28
Cash/sh$0.69
Employees77
Financial Ratios
Quick Ratio5.15
Current Ratio5.44
Debt/Eq1.45
Returns & Margins
ROA-5.93%
ROE-7.35%
Gross Margin45.76%
Operating Margin-26.25%
Profit Margin-11.15%
Ownership
Insider Ownership23.36%
Institutional Ownership24.35%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E-41.19
PEG2.33
P/S2.43
P/B1.61
Analyst Data
Recommendationnone
Target Price$4.00
Technical Indicators
SMA20$1.47
SMA50$1.46
SMA200$1.82
RSI78.63
ATR0.1571
Shares Float23.73M
Short Float0.23%
Short Ratio0.25
Volatility1.33
Rel Volume1.42
Performance History
Week+57.20%
Month+42.02%
Quarter+67.42%
6 Months+30.34%
YTD+20.43%
Year-3.77%
3 Years+50.31%
5 Years-12.37%
10 Years+34.59%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-23 $2.06 903,198
2026-06-22 $1.99 7,705,100
2026-06-18 $1.54 831,800
2026-06-17 $1.46 668,600
2026-06-16 $1.31 104,100
2026-06-15 $1.31 77,100
2026-06-12 $1.34 92,500
2026-06-11 $1.34 200,200
2026-06-10 $1.30 69,200
2026-06-09 $1.31 161,100
2026-06-08 $1.35 95,000
2026-06-05 $1.36 121,500
2026-06-04 $1.46 179,600
2026-06-03 $1.44 122,100
2026-06-02 $1.47 89,200
2026-06-01 $1.48 206,100
2026-05-29 $1.48 395,900
2026-05-28 $1.51 287,400
2026-05-27 $1.51 204,800
2026-05-26 $1.48 218,600
About Fuel Tech, Inc.

Fuel Tech, Inc. engages in the development, commercialization, and application of technologies for air pollution control, process optimization, water treatment, and advanced engineering services to utility and industrial customers in the United States, rest of the Americas, Europe, South Africa, the Pacific Rim, and internationally. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide emissions (NOx) in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources; NOxOUT selected non-catalytic reduction and selected catalytic reduction systems, including ammonia injection grid and graduated straightening grid systems; electrostatic precipitator processes and services; ULTRA technology; urea direct injection systems; and flue gas conditioning systems. Its FUEL CHEM Technology segment provides chemical injection programs to improve the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units for the control of 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 targeted in-furnace injection technology. This segment also 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 for treating a wide variety of solid and liquid fuels, including coal, heavy oil, black liquor, biomass, and municipal waste. In addition, the company provides dissolved gas infusion systems, which utilize a proprietary channel injector and a patented saturator that infuses oxygen, carbon dioxide, or other gases into water; and visualization software. Fuel Tech, Inc. was incorporated in 1987 and is headquartered in Warrenville, Illinois.

Period:
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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $14,294,000 $14,510,000 $15,425,000 $15,298,000
Cost Of Revenue $14,294,000 $14,510,000 $15,425,000 $15,298,000
Total Revenue $26,677,000 $25,133,000 $27,081,000 $26,941,000
Operating Revenue $26,677,000 $25,133,000 $27,081,000 $26,941,000
Expenses
Total Expenses $30,358,000 $29,835,000 $29,739,000 $28,468,000
Other Income Expense $-43,000 $1,585,000 $-90,000 $-46,000
Other Non Operating Income Expenses $-43,000 $1,585,000 $-90,000 $-46,000
Net Non Operating Interest Income Expense $1,415,000 $1,251,000 $1,279,000 $185,000
Operating Expense $16,064,000 $15,325,000 $14,314,000 $13,170,000
Interest Expense - $0 $21,000 $17,000
Interest Expense Non Operating - $0 $21,000 $17,000
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-2,324,000 $-1,943,000 $-1,538,000 $-1,442,000
Net Interest Income $1,415,000 $1,251,000 $1,279,000 $185,000
Interest Income $1,415,000 $1,251,000 $1,300,000 $202,000
Normalized Income $-2,324,000 $-1,943,000 $-1,538,000 $-1,442,000
Net Income From Continuing And Discontinued Operation $-2,324,000 $-1,943,000 $-1,538,000 $-1,442,000
Total Operating Income As Reported $-3,681,000 $-4,702,000 $-2,658,000 $-1,527,000
Net Income Common Stockholders $-2,324,000 $-1,943,000 $-1,538,000 $-1,442,000
Net Income $-2,324,000 $-1,943,000 $-1,538,000 $-1,442,000
Net Income Including Noncontrolling Interests $-2,324,000 $-1,943,000 $-1,538,000 $-1,442,000
Net Income Continuous Operations $-2,324,000 $-1,943,000 $-1,538,000 $-1,442,000
Pretax Income $-2,309,000 $-1,866,000 $-1,469,000 $-1,388,000
Interest Income Non Operating $1,415,000 $1,251,000 $1,300,000 $202,000
Operating Income $-3,681,000 $-4,702,000 $-2,658,000 $-1,527,000
Gross Profit $12,383,000 $10,623,000 $11,656,000 $11,643,000
Special Income Charges - - - -
Per Share
Diluted EPS $-0.08 $-0.06 $-0.05 $-0.05
Basic EPS $-0.08 $-0.06 $-0.05 $-0.05
Other
Tax Effect Of Unusual Items $0 $0 $0 $0
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $-2,982,000 $-4,242,000 $-1,106,000 $-931,000
Reconciled Depreciation $699,000 $460,000 $342,000 $440,000
EBITDA (Bullshit earnings) $-2,982,000 $-4,242,000 $-1,106,000 $-931,000
EBIT $-3,681,000 $-4,702,000 $-1,448,000 $-1,371,000
Diluted Average Shares $30,937,000 $30,572,000 $30,348,000 $30,289,000
Basic Average Shares $30,937,000 $30,572,000 $30,348,000 $30,289,000
Diluted NI Availto Com Stockholders $-2,324,000 $-1,943,000 $-1,538,000 $-1,442,000
Tax Provision $15,000 $77,000 $69,000 $54,000
Research And Development $2,014,000 $1,564,000 $1,511,000 $895,000
Selling General And Administration $14,050,000 $13,761,000 $12,803,000 $12,275,000
Total Unusual Items - - - -
Total Unusual Items Excluding Goodwill - - - -
Impairment Of Capital Assets - - - -
Fetched: 2026-06-18
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $37,170,000 $39,512,000 $41,240,000 $42,328,000
Total Assets $47,179,000 $48,797,000 $50,388,000 $50,124,000
Total Non Current Assets $15,235,000 $19,178,000 $12,067,000 $14,299,000
Other Non Current Assets $207,000 $191,000 $781,000 $794,000
Investmentin Financial Assets $6,991,000 $10,875,000 $3,664,000 $6,360,000
Goodwill And Other Intangible Assets $2,762,000 $2,443,000 $2,474,000 $2,513,000
Other Intangible Assets $646,000 $327,000 $358,000 $397,000
Current Assets $31,944,000 $29,619,000 $38,321,000 $35,825,000
Other Current Assets $1,335,000 $1,160,000 $1,439,000 $1,395,000
Inventory $373,000 $397,000 $439,000 $392,000
Receivables $5,355,000 $9,368,000 $6,729,000 $7,729,000
Receivables Adjustments Allowances $-108,000 $-106,000 $-111,000 $-110,000
Other Receivables $969,000 $4,099,000 $2,540,000 $3,234,000
Accounts Receivable $4,494,000 $5,375,000 $4,300,000 $4,605,000
Cash Cash Equivalents And Short Term Investments $24,881,000 $18,694,000 $29,714,000 $26,309,000
Cash And Cash Equivalents $11,939,000 $8,510,000 $17,578,000 $23,328,000
Cash Equivalents - - $5,083,000 $10,768,000
Cash Financial - - $12,495,000 $12,560,000
Restricted Cash - - - $0
Prepaid Assets - - - -
Debt
Total Debt $580,000 $625,000 $614,000 $191,000
Long Term Debt And Capital Lease Obligation $491,000 $548,000 $533,000 $66,000
Current Debt And Capital Lease Obligation $89,000 $77,000 $81,000 $125,000
Liabilities
Total Liabilities Net Minority Interest $7,247,000 $6,842,000 $6,674,000 $5,283,000
Total Non Current Liabilities Net Minority Interest $974,000 $987,000 $986,000 $517,000
Other Non Current Liabilities $296,000 $263,000 $281,000 $274,000
Non Current Deferred Liabilities $187,000 $176,000 $172,000 $177,000
Non Current Deferred Taxes Liabilities $187,000 $176,000 $172,000 $177,000
Current Liabilities $6,273,000 $5,855,000 $5,688,000 $4,766,000
Current Deferred Liabilities $1,117,000 $1,081,000 $1,382,000 $447,000
Payables And Accrued Expenses $3,600,000 $3,290,000 $2,814,000 $2,930,000
Payables $3,242,000 $2,915,000 $2,421,000 $2,710,000
Accounts Payable $3,242,000 $2,915,000 $2,421,000 $2,710,000
Equity
Common Stock Equity $39,932,000 $41,955,000 $43,714,000 $44,841,000
Total Equity Gross Minority Interest $39,932,000 $41,955,000 $43,714,000 $44,841,000
Stockholders Equity $39,932,000 $41,955,000 $43,714,000 $44,841,000
Other Equity Interest $76,000 $76,000 $76,000 $76,000
Gains Losses Not Affecting Retained Earnings $-1,718,000 $-1,915,000 $-1,748,000 $-1,728,000
Other Equity Adjustments $-1,718,000 $-1,915,000 $-1,748,000 $-1,728,000
Retained Earnings $-121,796,000 $-119,472,000 $-117,529,000 $-115,991,000
Other
Treasury Shares Number $1,206,741 $1,059,056 $976,006 $976,006
Ordinary Shares Number $31,074,438 $30,708,273 $30,385,297 $30,296,297
Share Issued $32,281,179 $31,767,329 $31,361,303 $31,272,303
Tangible Book Value $37,170,000 $39,512,000 $41,240,000 $42,328,000
Invested Capital $39,932,000 $41,955,000 $43,714,000 $44,841,000
Working Capital $25,671,000 $23,764,000 $32,633,000 $31,059,000
Capital Lease Obligations $580,000 $625,000 $614,000 $191,000
Total Capitalization $39,932,000 $41,955,000 $43,714,000 $44,841,000
Treasury Stock $2,568,000 $2,346,000 $2,251,000 $2,251,000
Additional Paid In Capital $165,616,000 $165,295,000 $164,853,000 $164,422,000
Capital Stock $322,000 $317,000 $313,000 $313,000
Common Stock $322,000 $317,000 $313,000 $313,000
Long Term Capital Lease Obligation $491,000 $548,000 $533,000 $66,000
Current Deferred Revenue $1,117,000 $1,081,000 $1,382,000 $447,000
Current Capital Lease Obligation $89,000 $77,000 $81,000 $125,000
Pensionand Other Post Retirement Benefit Plans Current $1,308,000 $1,248,000 $1,252,000 $1,105,000
Current Provisions $159,000 $159,000 $159,000 $159,000
Current Accrued Expenses $358,000 $375,000 $393,000 $220,000
Investments And Advances $6,991,000 $10,875,000 $3,664,000 $6,360,000
Held To Maturity Securities $6,991,000 $10,875,000 $3,664,000 $6,360,000
Goodwill $2,116,000 $2,116,000 $2,116,000 $2,116,000
Net PPE $5,275,000 $5,669,000 $5,148,000 $4,632,000
Accumulated Depreciation $-19,433,000 $-18,958,000 $-18,703,000 $-18,557,000
Gross PPE $24,708,000 $24,627,000 $23,851,000 $23,189,000
Construction In Progress $19,000 $2,000 $99,000 $29,000
Other Properties $13,573,000 $13,589,000 $12,709,000 $12,079,000
Machinery Furniture Equipment $3,412,000 $3,359,000 $3,388,000 $3,455,000
Buildings And Improvements $6,654,000 $6,627,000 $6,605,000 $6,576,000
Land And Improvements $1,050,000 $1,050,000 $1,050,000 $1,050,000
Properties $0 $0 $0 $0
Finished Goods $176,000 $176,000 $207,000 -
Raw Materials $197,000 $221,000 $232,000 -
Other Short Term Investments $12,942,000 $10,184,000 $12,136,000 $2,981,000
Fetched: 2026-06-18
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $2,342,000 $-3,811,000 $278,000 $-4,345,000
Operating Activities
Operating Cash Flow $3,016,000 $-3,433,000 $696,000 $-4,139,000
Cash Flow From Continuing Operating Activities $3,016,000 $-3,433,000 $696,000 $-4,139,000
Operating Gains Losses $2,000 - $10,000 -
Investing Activities
Capital Expenditure $-674,000 $-378,000 $-418,000 $-206,000
Investing Cash Flow $545,000 $-5,443,000 $-6,444,000 $-9,483,000
Cash Flow From Continuing Investing Activities $545,000 $-5,443,000 $-6,444,000 $-9,483,000
Financing Activities
Financing Cash Flow $-222,000 $-95,000 $42,000 $-17,000
Cash Flow From Continuing Financing Activities $-222,000 $-95,000 $42,000 $-17,000
Net Other Financing Charges $-222,000 $-95,000 - $-17,000
Issuance Of Capital Stock - - - $0
Net Common Stock Issuance - - - $0
Common Stock Issuance - - - $0
Other
Income Tax Paid Supplemental Data $11,000 $52,000 $12,000 $14,000
End Cash Position $11,939,000 $8,510,000 $17,578,000 $23,328,000
Beginning Cash Position $8,510,000 $17,578,000 $23,328,000 $37,054,000
Effect Of Exchange Rate Changes $90,000 $-97,000 $-44,000 $-87,000
Changes In Cash $3,339,000 $-8,971,000 $-5,706,000 $-13,639,000
Net Investment Purchase And Sale $1,219,000 $-5,065,000 $-6,026,000 $-9,277,000
Sale Of Investment $13,250,000 $12,995,000 $8,000,000 $500,000
Purchase Of Investment $-12,031,000 $-18,060,000 $-14,026,000 $-9,777,000
Net PPE Purchase And Sale $-674,000 $-378,000 $-418,000 $-206,000
Purchase Of PPE $-674,000 $-378,000 $-418,000 $-206,000
Change In Working Capital $4,364,000 $-2,264,000 $1,931,000 $-3,288,000
Change In Payables And Accrued Expense $315,000 $207,000 $944,000 $1,519,000
Change In Accrued Expense $57,000 $-312,000 $1,239,000 $360,000
Change In Payable $258,000 $519,000 $-295,000 $1,159,000
Change In Account Payable $258,000 $519,000 $-295,000 $1,159,000
Change In Prepaid Assets $-172,000 $292,000 $-6,000 $-314,000
Change In Inventory $26,000 $41,000 $-46,000 $-45,000
Change In Receivables $4,195,000 $-2,804,000 $1,039,000 $-4,448,000
Changes In Account Receivables $2,518,000 $-1,127,000 $1,039,000 $-4,448,000
Other Non Cash Items $-62,000 $-132,000 $-433,000 $-5,000
Stock Based Compensation $326,000 $446,000 $389,000 $224,000
Provisionand Write Offof Assets $0 $-4,000 $0 $-106,000
Deferred Tax $11,000 $4,000 $-5,000 $38,000
Deferred Income Tax $11,000 $4,000 $-5,000 $38,000
Depreciation Amortization Depletion $699,000 $460,000 $342,000 $440,000
Depreciation And Amortization $699,000 $460,000 $342,000 $440,000
Amortization Cash Flow $36,000 $57,000 $61,000 $88,000
Amortization Of Intangibles $36,000 $57,000 $61,000 $88,000
Depreciation $663,000 $403,000 $281,000 $352,000
Gain Loss On Sale Of PPE $2,000 $0 $10,000 $0
Net Income From Continuing Operations $-2,324,000 $-1,943,000 $-1,538,000 $-1,442,000
Proceeds From Stock Option Exercised - $0 $42,000 $0
Issuance Of Debt - - - -
Net Issuance Payments Of Debt - - - -
Net Long Term Debt Issuance - - - -
Long Term Debt Issuance - - - -
Fetched: 2026-06-18