What is Fuel Tech's EBITDA?

Fuel Tech (FTEK) reported EBITDA of -$747.25K in Q4 2025.

How has Fuel Tech's EBITDA changed year-over-year?

Fuel Tech's EBITDA increased by 26.8% year-over-year, from -$1.02M to -$747.25K.

What is the long-term trend for Fuel Tech's EBITDA?

Over 4 years (2021 to 2025), Fuel Tech's EBITDA has grown at a 35.1% compound annual growth rate (CAGR), from -$905K to -$3.02M.

What does EBITDA mean?

Earnings before interest, taxes, depreciation, and amortization — EBIT plus the D&A add-back from the cash-flow statement (EBITDA = EBIT + D&A). A proxy for cash earnings that strips out financing, tax, and non-cash charges.

Fuel Tech FTEK EBITDA

Discontinued — last reported Q4 '25

EBITDA at other companies

Ceco EnvironmentalCECO

$7.98M-88.1%

Babcock & Wilcox EnterprisesBW

$845K+33.5%

Arq, Inc.ARQ

$1.59M-44.1%

Flotek IndustriesFTK

$8.22M+41.3%

InnospecIOSP

$46.4M-13.1%

PhiniaPHIN

$111M+12.1%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow-$847.0K-156%

CapEx$322.0K+395%

Free cash flow-$1.2M-181%

Valuation

See full

Market cap$68.88M-24.9%

Enterprise value$60.32M-26.4%

P/S2.6×-1.0×

Profitability

See full

Gross margin46.4%+4.2pp

Operating margin-13.8%-2.9pp

Net margin-11.7%+13.3pp

FCF margin-9.5%—

Returns & leverage

See full

Return on equity-7.7%+12.8pp

Debt / equity0×0.0×

Current ratio5.4×-1.4×

Where this comes from

Calculated from Fuel Tech’s reported figures.

−$920.3Kebit+

$173.0KDepreciation Depletion & Amortization

=-$747.25K

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 EBITDA?: Fuel Tech (FTEK) reported EBITDA of -$747.25K in Q4 2025.
How has Fuel Tech's EBITDA changed year-over-year?: Fuel Tech's EBITDA increased by 26.8% year-over-year, from -$1.02M to -$747.25K.
What is the long-term trend for Fuel Tech's EBITDA?: Over 4 years (2021 to 2025), Fuel Tech's EBITDA has grown at a 35.1% compound annual growth rate (CAGR), from -$905K to -$3.02M.
What does EBITDA mean?: Earnings before interest, taxes, depreciation, and amortization — EBIT plus the D&A add-back from the cash-flow statement (EBITDA = EBIT + D&A). A proxy for cash earnings that strips out financing, tax, and non-cash charges.