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Fuel Tech FTEK Fuel Chem Technology — Number Of Major Customers

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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-11.2%
Enterprise value$60.32M-10.8%
P/S2.6×-0.5×

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

Reported directly by Fuel Tech in its filing.

Tagged under the XBRL concept ftek:NumberOfMajorCustomers.

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 fuel chem technology — number of major customers?
Fuel Tech (FTEK) reported fuel chem technology — number of major customers of 0.8 in Q4 2025.
How has Fuel Tech's fuel chem technology — number of major customers changed year-over-year?
Fuel Tech's fuel chem technology — number of major customers increased by 50.0% year-over-year, from 0.5 to 0.8.
What is the long-term trend for Fuel Tech's fuel chem technology — number of major customers?
Over 2 years (2023 to 2025), Fuel Tech's fuel chem technology — number of major customers has grown at a 22.5% compound annual growth rate (CAGR), from 2 to 3.
What does fuel chem technology — number of major customers mean?
Indicates the count of significant clients that contribute a substantial portion of the total revenue generated by the Fuel Chem Technology segment. A higher number of major customers generally suggests a more diversified revenue base and reduced dependency on any single entity. Conversely, a low count highlights potential vulnerability to the loss of key accounts or contract renegotiations.