Symbols / FTEK
FTEK Chart
About
Fuel Tech, Inc. engages in the development, commercialization, and application of technologies for air pollution control, process optimization, water treatment. and advanced engineering services to utility and industrial customers. It operates through two segments, Air Pollution Control Technology and FUEL CHEM Technology. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide (NOx) emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources; NOxOUT and HERT SNCR Selective Non-Catalytic Reduction systems; advanced selective catalytic reduction systems comprising Ammonia Injection Grid, and GSG Graduated Straightening Grid systems. I-NOx integrated NOx reduction systems; ESP processes and services; ULTRA technology; and flue gas conditioning systems. The FUEL CHEM Technology segment provides programs to improve the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units for the control of slagging, fouling, corrosion, opacity, and acid plume, as well as the formation of sulfur trioxide, ammonium bisulfate, particulate matter, sulfur dioxide, and carbon dioxide through the addition of chemicals into the furnace using TIFI Targeted In-Furnace Injection technology. This segment offers its FUEL CHEM program for plants operating in the electric utility, industrial, pulp and paper, waste-to-energy, and university and district heating markets; and the owners of boilers, furnaces, and other combustion units for treating a wide variety of solid and liquid fuels, including coal, heavy oil, black liquor, biomass, and municipal waste. The company offers DGI Dissolved Gas Infusion systems, which utilizes a proprietary channel injector and a patented saturator that infuses oxygen, carbon dioxide, or other gases into water; and UDI Urea Direct Injection systems. It operates in the United States, rest of the Americas, Europe, South Africa, the Pacific region, and internationally. Fuel Tech, Inc. was incorporated in 1987 and is headquartered in Warrenville, Illinois.
Fundamentals
Scroll to Statements| Sector | Industrials | Industry | Pollution & Treatment Co | Market Cap | 43.04M |
| Enterprise Value | 13.89M | Income | -3.01M | Sales | 24.71M |
| Book/sh | 1.32 | Cash/sh | 0.83 | Dividend Yield | — |
| Payout | 0.00% | Employees | 72 | IPO | — |
| P/E | — | Forward P/E | 138.50 | PEG | — |
| P/S | 1.74 | P/B | 1.05 | P/C | — |
| EV/EBITDA | -3.77 | EV/Sales | 0.56 | Quick Ratio | 5.19 |
| Current Ratio | 5.41 | Debt/Eq | 1.47 | LT Debt/Eq | — |
| EPS (ttm) | -0.10 | EPS next Y | 0.01 | EPS Growth | 276.00% |
| Revenue Growth | -4.60% | Earnings | 2026-03-03 | ROA | -5.57% |
| ROE | -7.09% | ROIC | — | Gross Margin | 46.06% |
| Oper. Margin | 0.05% | Profit Margin | -12.17% | Shs Outstand | 31.07M |
| Shs Float | 23.71M | Short Float | 0.40% | Short Ratio | 0.56 |
| Short Interest | — | 52W High | 3.65 | 52W Low | 0.87 |
| Beta | 1.06 | Avg Volume | 161.65K | Volume | 219.53K |
| Target Price | $4.00 | Recom | None | Prev Close | $1.26 |
| Price | $1.39 | Change | 9.92% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$4.00
Mean price target
2. Current target
$1.37
Latest analyst target
3. DCF / Fair value
$1.75
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.37
Low
$4.00
High
$4.00
Mean
$4.00
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2024-05-09 | reit | HC Wainwright & Co. | Buy → Buy | $4 |
| 2024-03-13 | reit | HC Wainwright & Co. | Buy → Buy | $4 |
| 2023-08-10 | reit | HC Wainwright & Co. | Buy → Buy | $4 |
| 2021-11-11 | up | HC Wainwright & Co. | Neutral → Buy | $4 |
| 2020-03-13 | down | HC Wainwright & Co. | Buy → Neutral | — |
| 2018-12-10 | init | HC Wainwright & Co. | — → Buy | $2 |
| 2014-11-10 | main | Canaccord Genuity | — → Hold | $5 |
| 2013-05-09 | down | Sidoti & Co. | Buy → Neutral | — |
| 2012-08-29 | main | Brean Capital | — → Buy | $6 |
| 2012-08-08 | main | Canaccord Genuity | — → Hold | $6 |
| 2012-03-05 | main | Canaccord Genuity | — → Hold | $7 |
- Take Care Before Diving Into The Deep End On Fuel Tech, Inc. (NASDAQ:FTEK) - simplywall.st Mon, 16 Feb 2026 11
- Is Fuel Tech (FTEK) Stock Outpacing Its Industrial Products Peers This Year? - Yahoo Finance Wed, 13 Aug 2025 07
- $FTEK stock is up 10% today. Here's what we see in our data. - Quiver Quantitative ue, 26 Aug 2025 07
- Why FTEK stock is seen as undervalued - 2025 Performance Recap & Stepwise Trade Signal Implementation - mfd.ru Sat, 14 Feb 2026 12
- Fuel Tech: Take Advantage Of Market Euphoria To Exit (NASDAQ:FTEK) - Seeking Alpha Mon, 15 Sep 2025 07
- Fuel Tech, Inc. (FTEK) Q3 Earnings Meet Estimates - Nasdaq ue, 04 Nov 2025 08
- Zacks Industry Outlook Highlights Donaldson, CECO Environmental, Energy Recovery and Fuel Tech - Zacks Investment Research ue, 10 Feb 2026 09
- Earnings call transcript: Fuel Tech Q3 2025 misses revenue forecast, stock falls - Investing.com Wed, 05 Nov 2025 08
- When Will Fuel Tech, Inc. (NASDAQ:FTEK) Breakeven? - Yahoo Finance hu, 27 Nov 2025 08
- Analysts Expect Breakeven For Fuel Tech, Inc. (NASDAQ:FTEK) Before Long - simplywall.st Wed, 17 Dec 2025 08
- Fuel Tech, Inc. to Release Third Quarter Financial Results on November 4, 2025 - Quiver Quantitative hu, 23 Oct 2025 07
- Fuel Tech earnings matched, revenue fell short of estimates - Investing.com ue, 04 Nov 2025 08
- Fuel Tech Inc (FTEK) Q2 2025: Everything You Need To Know Ahead Of Earnings - Yahoo Finance Mon, 04 Aug 2025 07
- Fuel Tech (NASDAQ:FTEK) delivers shareholders splendid 25% CAGR over 5 years, surging 13% in the last week alone - simplywall.st Fri, 25 Jul 2025 07
- Earnings call transcript: Fuel Tech Q2 2025 results miss revenue forecasts - Investing.com Wed, 06 Aug 2025 07
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 12627 | 21043 | — | Sale at price 1.67 per share. | JONES SHARON L. | Director | — | 2025-06-04 00:00:00 | D |
| 1 | 15000 | 15750 | — | Purchase at price 1.05 per share. | ARNONE VINCENT J | Chief Executive Officer | — | 2025-03-28 00:00:00 | D |
| 2 | 8014 | 8656 | — | Purchase at price 1.08 per share. | JONES SHARON L. | Director | — | 2024-11-19 00:00:00 | D |
| 3 | 14000 | 14700 | — | Purchase at price 1.05 per share. | JONES SHARON L. | Director | — | 2024-11-18 00:00:00 | D |
| 4 | 25800 | 26733 | — | Purchase at price 1.02 - 1.05 per share. | JONES SHARON L. | Director | — | 2024-11-14 00:00:00 | D |
| 5 | 20000 | 20400 | — | Purchase at price 1.02 per share. | ARNONE VINCENT J | Chief Executive Officer | — | 2024-09-12 00:00:00 | D |
| 6 | 5000 | 5050 | — | Purchase at price 1.01 per share. | ALBRECHT ELLEN T. | Chief Financial Officer | — | 2024-09-12 00:00:00 | D |
| 7 | 3293 | 3309 | — | Purchase at price 1.00 per share. | JONES SHARON L. | Director | — | 2024-08-28 00:00:00 | D |
| 8 | 447 | 449 | — | Purchase at price 1.00 per share. | JONES SHARON L. | Director | — | 2024-08-12 00:00:00 | D |
| 9 | 20000 | 20896 | — | Purchase at price 1.04 per share. | ARNONE VINCENT J | Chief Executive Officer | — | 2024-08-09 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 0.00 | 0.00 | 0.00 | 0.00 |
| TaxRateForCalcs | 0.21 | 0.21 | 0.21 | 0.21 |
| NormalizedEBITDA | -1.41M | -1.11M | -931.00K | 828.00K |
| TotalUnusualItems | 0.00 | |||
| TotalUnusualItemsExcludingGoodwill | 0.00 | |||
| NetIncomeFromContinuingOperationNetMinorityInterest | -1.94M | -1.54M | -1.44M | 54.00K |
| ReconciledDepreciation | 460.00K | 342.00K | 440.00K | 741.00K |
| ReconciledCostOfRevenue | 14.51M | 15.43M | 15.30M | 12.36M |
| EBITDA | -1.41M | -1.11M | -931.00K | 828.00K |
| EBIT | -1.87M | -1.45M | -1.37M | 87.00K |
| NetInterestIncome | 1.25M | 1.28M | 185.00K | -13.00K |
| InterestExpense | 0.00 | 21.00K | 17.00K | 19.00K |
| InterestIncome | 1.25M | 1.30M | 202.00K | 6.00K |
| NormalizedIncome | -1.94M | -1.54M | -1.44M | 54.00K |
| NetIncomeFromContinuingAndDiscontinuedOperation | -1.94M | -1.54M | -1.44M | 54.00K |
| TotalExpenses | 29.84M | 29.74M | 28.47M | 25.75M |
| TotalOperatingIncomeAsReported | -4.70M | -2.66M | -1.53M | -1.49M |
| DilutedAverageShares | 30.57M | 30.35M | 30.29M | 29.69M |
| BasicAverageShares | 30.57M | 30.35M | 30.29M | 29.59M |
| DilutedEPS | -0.06 | -0.05 | -0.05 | 0.00 |
| BasicEPS | -0.06 | -0.05 | -0.05 | 0.00 |
| DilutedNIAvailtoComStockholders | -1.94M | -1.54M | -1.44M | 54.00K |
| NetIncomeCommonStockholders | -1.94M | -1.54M | -1.44M | 54.00K |
| NetIncome | -1.94M | -1.54M | -1.44M | 54.00K |
| NetIncomeIncludingNoncontrollingInterests | -1.94M | -1.54M | -1.44M | 54.00K |
| NetIncomeContinuousOperations | -1.94M | -1.54M | -1.44M | 54.00K |
| TaxProvision | 77.00K | 69.00K | 54.00K | 14.00K |
| PretaxIncome | -1.87M | -1.47M | -1.39M | 68.00K |
| OtherIncomeExpense | 1.58M | -90.00K | -46.00K | 1.57M |
| OtherNonOperatingIncomeExpenses | 1.58M | -90.00K | -46.00K | 1.57M |
| SpecialIncomeCharges | 0.00 | |||
| ImpairmentOfCapitalAssets | 0.00 | |||
| NetNonOperatingInterestIncomeExpense | 1.25M | 1.28M | 185.00K | -13.00K |
| InterestExpenseNonOperating | 0.00 | 21.00K | 17.00K | 19.00K |
| InterestIncomeNonOperating | 1.25M | 1.30M | 202.00K | 6.00K |
| OperatingIncome | -4.70M | -2.66M | -1.53M | -1.49M |
| OperatingExpense | 15.32M | 14.31M | 13.17M | 13.39M |
| ResearchAndDevelopment | 1.56M | 1.51M | 895.00K | 1.33M |
| SellingGeneralAndAdministration | 13.76M | 12.80M | 12.28M | 12.05M |
| GrossProfit | 10.62M | 11.66M | 11.64M | 11.90M |
| CostOfRevenue | 14.51M | 15.43M | 15.30M | 12.36M |
| TotalRevenue | 25.13M | 27.08M | 26.94M | 24.26M |
| OperatingRevenue | 25.13M | 27.08M | 26.94M | 24.26M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TreasurySharesNumber | 1.06M | 976.01K | 976.01K | 963.51K |
| OrdinarySharesNumber | 30.71M | 30.39M | 30.30M | 30.26M |
| ShareIssued | 31.77M | 31.36M | 31.27M | 31.23M |
| TotalDebt | 625.00K | 614.00K | 191.00K | 235.00K |
| TangibleBookValue | 39.51M | 41.24M | 42.33M | 43.64M |
| InvestedCapital | 41.95M | 43.71M | 44.84M | 46.20M |
| WorkingCapital | 23.76M | 32.63M | 31.06M | 38.24M |
| NetTangibleAssets | 39.51M | 41.24M | 42.33M | 43.64M |
| CapitalLeaseObligations | 625.00K | 614.00K | 191.00K | 235.00K |
| CommonStockEquity | 41.95M | 43.71M | 44.84M | 46.20M |
| TotalCapitalization | 41.95M | 43.71M | 44.84M | 46.20M |
| TotalEquityGrossMinorityInterest | 41.95M | 43.71M | 44.84M | 46.20M |
| StockholdersEquity | 41.95M | 43.71M | 44.84M | 46.20M |
| OtherEquityInterest | 76.00K | 76.00K | 76.00K | 76.00K |
| GainsLossesNotAffectingRetainedEarnings | -1.92M | -1.75M | -1.73M | -1.60M |
| OtherEquityAdjustments | -1.92M | -1.75M | -1.73M | -1.60M |
| TreasuryStock | 2.35M | 2.25M | 2.25M | 2.23M |
| RetainedEarnings | -119.47M | -117.53M | -115.99M | -114.55M |
| AdditionalPaidInCapital | 165.29M | 164.85M | 164.42M | 164.20M |
| CapitalStock | 317.00K | 313.00K | 313.00K | 312.00K |
| CommonStock | 317.00K | 313.00K | 313.00K | 312.00K |
| TotalLiabilitiesNetMinorityInterest | 6.84M | 6.67M | 5.28M | 3.77M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 987.00K | 986.00K | 517.00K | 551.00K |
| OtherNonCurrentLiabilities | 263.00K | 281.00K | 274.00K | 290.00K |
| NonCurrentDeferredLiabilities | 176.00K | 172.00K | 177.00K | 139.00K |
| NonCurrentDeferredTaxesLiabilities | 176.00K | 172.00K | 177.00K | 139.00K |
| LongTermDebtAndCapitalLeaseObligation | 548.00K | 533.00K | 66.00K | 122.00K |
| LongTermCapitalLeaseObligation | 548.00K | 533.00K | 66.00K | 122.00K |
| CurrentLiabilities | 5.86M | 5.69M | 4.77M | 3.22M |
| CurrentDeferredLiabilities | 1.08M | 1.38M | 447.00K | 390.00K |
| CurrentDeferredRevenue | 1.08M | 1.38M | 447.00K | 390.00K |
| CurrentDebtAndCapitalLeaseObligation | 77.00K | 81.00K | 125.00K | 113.00K |
| CurrentCapitalLeaseObligation | 77.00K | 81.00K | 125.00K | 113.00K |
| PensionandOtherPostRetirementBenefitPlansCurrent | 1.25M | 1.25M | 1.10M | 688.00K |
| CurrentProvisions | 159.00K | 159.00K | 159.00K | 159.00K |
| PayablesAndAccruedExpenses | 3.29M | 2.81M | 2.93M | 1.87M |
| CurrentAccruedExpenses | 375.00K | 393.00K | 220.00K | 312.00K |
| Payables | 2.92M | 2.42M | 2.71M | 1.56M |
| AccountsPayable | 2.92M | 2.42M | 2.71M | 1.56M |
| TotalAssets | 48.80M | 50.39M | 50.12M | 49.97M |
| TotalNonCurrentAssets | 19.18M | 12.07M | 14.30M | 8.51M |
| OtherNonCurrentAssets | 191.00K | 781.00K | 794.00K | 1.09M |
| InvestmentsAndAdvances | 10.88M | 3.66M | 6.36M | 0.00 |
| InvestmentinFinancialAssets | 10.88M | 3.66M | 6.36M | 0.00 |
| HeldToMaturitySecurities | 10.88M | 3.66M | 6.36M | 0.00 |
| GoodwillAndOtherIntangibleAssets | 2.44M | 2.47M | 2.51M | 2.56M |
| OtherIntangibleAssets | 327.00K | 358.00K | 397.00K | 448.00K |
| Goodwill | 2.12M | 2.12M | 2.12M | 2.12M |
| NetPPE | 5.67M | 5.15M | 4.63M | 4.85M |
| AccumulatedDepreciation | -18.96M | -18.70M | -18.56M | -18.24M |
| GrossPPE | 24.63M | 23.85M | 23.19M | 23.09M |
| ConstructionInProgress | 2.00K | 99.00K | 29.00K | 0.00 |
| OtherProperties | 13.59M | 12.71M | 12.08M | 12.03M |
| MachineryFurnitureEquipment | 3.36M | 3.39M | 3.46M | 3.44M |
| BuildingsAndImprovements | 6.63M | 6.61M | 6.58M | 6.58M |
| LandAndImprovements | 1.05M | 1.05M | 1.05M | 1.05M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 29.62M | 38.32M | 35.83M | 41.47M |
| OtherCurrentAssets | 1.16M | 1.44M | 1.40M | 1.07M |
| RestrictedCash | 0.00 | 891.00K | ||
| PrepaidAssets | 1.07M | |||
| Inventory | 397.00K | 439.00K | 392.00K | 348.00K |
| FinishedGoods | 176.00K | 207.00K | ||
| RawMaterials | 221.00K | 232.00K | ||
| Receivables | 9.37M | 6.73M | 7.73M | 3.26M |
| ReceivablesAdjustmentsAllowances | -106.00K | -111.00K | -110.00K | -223.00K |
| OtherReceivables | 4.10M | 2.54M | 3.23M | 1.36M |
| AccountsReceivable | 5.38M | 4.30M | 4.61M | 2.12M |
| CashCashEquivalentsAndShortTermInvestments | 18.69M | 29.71M | 26.31M | 35.89M |
| OtherShortTermInvestments | 10.18M | 12.14M | 2.98M | 0.00 |
| CashAndCashEquivalents | 8.51M | 17.58M | 23.33M | 35.89M |
| CashEquivalents | 5.08M | 10.77M | ||
| CashFinancial | 12.49M | 12.56M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | -3.81M | 278.00K | -4.34M | 677.00K |
| IssuanceOfDebt | 0.00 | |||
| IssuanceOfCapitalStock | 0.00 | 25.81M | ||
| CapitalExpenditure | -378.00K | -418.00K | -206.00K | -84.00K |
| IncomeTaxPaidSupplementalData | 52.00K | 12.00K | 14.00K | |
| EndCashPosition | 8.51M | 17.58M | 23.33M | 37.05M |
| BeginningCashPosition | 17.58M | 23.33M | 37.05M | 12.61M |
| EffectOfExchangeRateChanges | -97.00K | -44.00K | -87.00K | -206.00K |
| ChangesInCash | -8.97M | -5.71M | -13.64M | 24.65M |
| FinancingCashFlow | -95.00K | 42.00K | -17.00K | 23.98M |
| CashFlowFromContinuingFinancingActivities | -95.00K | 42.00K | -17.00K | 23.98M |
| NetOtherFinancingCharges | -95.00K | -17.00K | -1.83M | |
| ProceedsFromStockOptionExercised | 0.00 | 42.00K | 0.00 | 0.00 |
| NetCommonStockIssuance | 0.00 | 25.81M | ||
| CommonStockIssuance | 0.00 | 25.81M | ||
| NetIssuancePaymentsOfDebt | 0.00 | |||
| NetLongTermDebtIssuance | 0.00 | |||
| LongTermDebtIssuance | 0.00 | |||
| InvestingCashFlow | -5.44M | -6.44M | -9.48M | -84.00K |
| CashFlowFromContinuingInvestingActivities | -5.44M | -6.44M | -9.48M | -84.00K |
| NetInvestmentPurchaseAndSale | -5.07M | -6.03M | -9.28M | 0.00 |
| SaleOfInvestment | 12.99M | 8.00M | 500.00K | 0.00 |
| PurchaseOfInvestment | -18.06M | -14.03M | -9.78M | 0.00 |
| NetPPEPurchaseAndSale | -378.00K | -418.00K | -206.00K | -84.00K |
| PurchaseOfPPE | -378.00K | -418.00K | -206.00K | -84.00K |
| OperatingCashFlow | -3.43M | 696.00K | -4.14M | 761.00K |
| CashFlowFromContinuingOperatingActivities | -3.43M | 696.00K | -4.14M | 761.00K |
| ChangeInWorkingCapital | -2.26M | 1.93M | -3.29M | 2.00M |
| ChangeInPayablesAndAccruedExpense | 207.00K | 944.00K | 1.52M | -2.18M |
| ChangeInAccruedExpense | -312.00K | 1.24M | 360.00K | -1.40M |
| ChangeInPayable | 519.00K | -295.00K | 1.16M | -772.00K |
| ChangeInAccountPayable | 519.00K | -295.00K | 1.16M | -772.00K |
| ChangeInPrepaidAssets | 292.00K | -6.00K | -314.00K | 634.00K |
| ChangeInInventory | 41.00K | -46.00K | -45.00K | -252.00K |
| ChangeInReceivables | -2.80M | 1.04M | -4.45M | 3.79M |
| ChangesInAccountReceivables | -1.13M | 1.04M | -4.45M | 3.79M |
| OtherNonCashItems | -132.00K | -433.00K | -5.00K | |
| StockBasedCompensation | 446.00K | 389.00K | 224.00K | 82.00K |
| ProvisionandWriteOffofAssets | -4.00K | 0.00 | -106.00K | -619.00K |
| DeferredTax | 4.00K | -5.00K | 38.00K | 5.00K |
| DeferredIncomeTax | 4.00K | -5.00K | 38.00K | 5.00K |
| DepreciationAmortizationDepletion | 460.00K | 342.00K | 440.00K | 741.00K |
| DepreciationAndAmortization | 460.00K | 342.00K | 440.00K | 741.00K |
| AmortizationCashFlow | 57.00K | 61.00K | 88.00K | 157.00K |
| AmortizationOfIntangibles | 57.00K | 61.00K | 88.00K | 157.00K |
| Depreciation | 403.00K | 281.00K | 352.00K | 584.00K |
| OperatingGainsLosses | 10.00K | -1.50M | ||
| GainLossOnSaleOfPPE | 0.00 | 10.00K | 0.00 | 54.00K |
| NetIncomeFromContinuingOperations | -1.94M | -1.54M | -1.44M | 54.00K |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for FTEK
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|