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Discontinued — last reported Q4 '25

EBIT at other companies

Ceco Environmental logo
Ceco EnvironmentalCECO
$1.88M-97.0%
Babcock & Wilcox Enterprises logo
Babcock & Wilcox EnterprisesBW
-$1.66M+10.1%
Arq, Inc. logo
Arq, Inc.ARQ
-$982K-248%
Flotek Industries logo
Flotek IndustriesFTK
$7.59M+36.3%
Innospec logo
InnospecIOSP
$36.5M-14.1%
Phinia logo
PhiniaPHIN
$69M+11.3%

Other financials

Income statement

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Revenue$6.1M-4.7%
Gross profit$3.1M+16.6%
Operating income-$920.3K+21.7%
Net income-$1.4M-133%
EPS (diluted)-$0.02-33.3%

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

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Market cap$68.88M-24.9%
Enterprise value$60.32M-26.4%
P/S2.6×-1.0×

Profitability

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Gross margin46.4%+4.2pp
Operating margin-13.8%-2.9pp
Net margin-11.7%+13.3pp
FCF margin-9.5%

Returns & leverage

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

Where this comes from

Calculated from Fuel Tech’s reported figures.

The official record: Fuel Tech’s 10-K, filed March 3, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Fuel Tech's EBIT?
Fuel Tech (FTEK) reported EBIT of -$920.25K in Q4 2025.
How has Fuel Tech's EBIT changed year-over-year?
Fuel Tech's EBIT increased by 21.7% year-over-year, from -$1.18M to -$920.25K.
What is the long-term trend for Fuel Tech's EBIT?
Over 4 years (2021 to 2025), Fuel Tech's EBIT has grown at a 25.4% compound annual growth rate (CAGR), from -$1.49M to -$3.68M.
What does EBIT mean?
Earnings before interest and taxes — the profit from the business before financing cost and tax. Uses reported operating income where a company reports it; otherwise pre-tax income plus interest expense. Lets companies be compared on earning power independent of capital structure.