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Fuel Tech

FTEK

Fuel Tech, Inc. is a technology company providing sustainable proprietary solutions for air pollution control, process optimization, and water treatment.

Market cap
$47.37M-42.8%
Revenue$26.4M-0.7%
Net income-$3.1M-52.0%
Free cash flow$1.5M+161%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$6.6M
EPS estimate-$0.02

Financials

Q1 2026

Income statement

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Revenue$6.1M-4.7%
Net income-$1.4M-133%

Balance sheet

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Cash & equivalents$9.1M-22.9%
Total debt$557.0K-8.2%
Total equity$38.6M-7.0%
Total assets$44.5M-4.8%

Cash flow

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Operating cash flow-$847.0K-156%
CapEx$322.0K+395%
Free cash flow-$1.2M-181%

Valuation & ratios

Valuation

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Market cap$47.37M-42.8%
Enterprise value$38.82M-46.7%
P/S1.8×-1.5×

Profitability

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Net margin-11.7%+13.3pp

Returns & leverage

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Return on equity-7.7%+12.8pp
Debt / equity0.0×
Current ratio5.4×-1.4×

Segments

By geography

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US$5.2M-2.1%
Europe$393.0K-17.6%
Asia$254.0K+58.8%
Latin America$186.0K-46.6%
Africa--100%

By product

See full
Technology Solutions$5.2M-7.4%
Ancillary Revenue$455.0K-5.4%
Spare Parts$394.0K+57.0%

By segment

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Air Pollution Control$1.6M+23.1%

Competitors

Profile

Fuel Tech, Inc. is a technology company providing sustainable proprietary solutions for air pollution control, process optimization, and water treatment. The company leverages advanced engineering services, including Computational Fluid Dynamics and Chemical Kinetics Modeling, to help utility and industrial customers operate efficiently and meet environmental regulations.

Competitive position

A leading provider of urea-to-ammonia conversion and slag control technologies with a significant global patent portfolio.

GeographiesNorth America, Europe, South Africa, India, South America, Pacific Rim
Customer segmentsUtilities, Industrial Manufacturing, Municipalities
Business modelEngineering services, Proprietary technology licensing, Consumables-based chemical programs
SuppliersChemical reagent suppliers, Raw material providers for magnesium hydroxide, Software development tools
CustomersCoal-fired power plants, Natural gas electricity generators, Biomass and waste incineration plants, Petrochemical refineries
Listed1993
Employees72.0
CEOVincent J. Arnone
Websiteftek.com
FilingsSEC EDGAR

Questions, answered.

What is Fuel Tech's market cap?
Fuel Tech (FTEK) has a market capitalization of $47.4M and trades on NASDAQ.
What is Fuel Tech's revenue and profitability?
Fuel Tech generated $26.4M in trailing twelve-month revenue with a net loss of $3.1M, representing a net margin of -11.7%. Gross margin stands at 46.4%, with free cash flow of $1.5M. These figures are based on the Q1 2026 filing.
Who are Fuel Tech's competitors?
Fuel Tech's key competitors include CECO Environmental, Babcock & Wilcox, ClearSign Technologies Corporation Common Stock (DE), and others. These companies compete in similar markets and product categories.
Who does Fuel Tech partner with?
Fuel Tech's notable partners include Lesedi, ISGEC Heavy Engineering Ltd..
Where is Fuel Tech headquartered?
Fuel Tech is headquartered in United States of America and employs approximately 72 people. It has been publicly traded since 1993.