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Fuel Tech FTEK Gross margin

Gross margin at other companies

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69.4%+38.7pp
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24.3%+3.1pp
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Arq, Inc.ARQ
27.5%-8.6pp
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Flotek IndustriesFTK
25%+3.7pp
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PhiniaPHIN
21.8%-0.2pp

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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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.

Based on trailing twelve months.

The official record: Fuel Tech’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Fuel Tech's gross margin?
Fuel Tech (FTEK) reported gross margin of 46.4% in Q4 2025.
How has Fuel Tech's gross margin changed year-over-year?
Fuel Tech's gross margin increased by 9.8% year-over-year, from 42.3% to 46.4%.
What is the long-term trend for Fuel Tech's gross margin?
Over 4 years (2021 to 2025), Fuel Tech's gross margin has grown at a -1.4% compound annual growth rate (CAGR), from 49% to 46.4%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.