FUEL TECH, INC.

FTEK

FUEL TECH, INC.

FTEK

Insider Sentiment (TTM):

Last Purchase:2026-03-06Last Sale:2025-06-04Shares Purchased (TTM):10,000Shares Sold (TTM):0

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:7,301,032Shares Outstanding:31,091,335Institutional Ownership Pct.:23.48%

Earnings Market Reaction:

Filing Date:2026-08-04Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Assets Current
Cash And Cash Equivalents At Carrying Value	8	9	12	14	11	12	9	12	10	11	18	13
Short Term Investments	12	12	13	12	12	10	10	8	10	12	12	15
Accounts Receivable Net Current	4	4	5	5	6	6	9	9	9	7	7	8
Inventory Net	0	0	0	0	1	1	0	0	0	1	0	0
Prepaid Expense And Other Assets Current	1	1	1	1	1	1	1	1	1	1	1	1
Assets Current	25	27	32	32	31	29	30	31	30	32	38	37
Property Plant And Equipment Net	5	5	5	5	5	5	5	5	5	5	5	4
Goodwill	2	2	2	2	2	2	2	2	2	2	2	2
Intangible Assets Net Excluding Goodwill	1	1	1	0	0	0	0	0	0	0	0	0
Operating Lease Right Of Use Asset	0	1	1	1	1	1	1	1	1	1	1	0
Long Term Investments	10	9	7	8	8	9	11	11	10	9	4	5
Other Assets Noncurrent	0	0	0	0	0	0	0	1	1	1	1	1
Assets	43	44	47	48	47	47	49	50	49	49	50	50
Liabilities Current
Accounts Payable Current	3	2	3	2	2	2	3	3	3	2	2	3
Accrued Liabilities Curre…
Operating Lease Liability Current	0	0	0	0	0	0	0	0	0	0	0	0
Employee Related Liabilities Current	1	1	1	1	1	1	1	1	1	1	1	1
Other Accrued Liabilities Current	1	1	2	3	2	1	2	1	1	1	2	2
Liabilities Current	5	5	6	6	5	4	6	5	4	5	6	5
Operating Lease Liability Noncurrent	0	0	0	1	1	1	1	0	0	1	1	0
Deferred Income Tax Liabilities Net	0	0	0	0	0	0	0	0	0	0	0	0
Other Liabilities Noncurrent	0	0	0	0	0	0	0	0	0	0	0	0
Liabilities	6	6	7	7	6	5	7	6	5	5	7	6
Stockholders Equity Inclu…
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital Common Stock	166	166	166	166	166	165	165	165	165	165	165	165
Retained Earnings Accumulated Deficit	-124	-123	-122	-121	-121	-120	-119	-118	-118	-117	-118	-117
Accumulated Other Comprehensive Income Loss Net Of…	-2	-2	-2	-2	-2	-2	-2	-2	-2	-2	-2	-2
Convertible Debt	0	0	0	0	0	0	0	0	0	0	0	0
Treasury Stock Common Value	-3	-3	-3	-3	-3	-2	-2	-2	-2	-2	-2	-2
Stockholders Equity	37	39	40	41	41	41	42	44	44	44	44	44
Liabilities And Stockholders Equity	43	44	47	48	47	47	49	50	49	49	50	50
Allowance For Doubtful Accounts Receivable	0	0	0	0	0	0	0	0	0	0	0	-
Accumulated Depreciation Depletion And Amortizatio…	18	18	-	19	19	19	-	19	19	19	-	19
Finite Lived Intangible Assets Accumulated Amortiz…	1	1	-	1	1	1	-	1	0	0	-	0
Common Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	1	0.01	0.01	0.01
Common Stock Shares Authorized	40	40	40	40	40	40	40	40	40	40	40	40
Common Stock Shares Issued	32	32	32	32	32	32	32	32	32	31	31	31
Shares Outstanding	31	31	31	31	31	31	31	31	31	30	30	30

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10‑Q10‑K

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Interactive Financial Visualizations

10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-6.92%	35.22%	-2.52%	-	-	-	-	-	-	-	-	-
2025	96.88%	191.67%	167.71%	-1.35%	2.36%	-5.07%	-28.57%	-35.32%	-39.68%	-9.42%	-2.17%	7.25%
2024	-12.50%	-16.41%	-18.75%	3.09%	6.19%	7.22%	3.88%	3.88%	-1.94%	8.25%	0.00%	64.95%
2023	-	-	-	-10.57%	-4.07%	-20.33%	7.00%	5.00%	2.00%	5.98%	6.84%	-4.27%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Liquidity Ratios
Current Ratio	5.10	5.44	5.09	5.41	5.82	6.80	5.06	5.82	6.76	7.11	6.74	6.88
Quick Ratio	4.79	5.15	4.82	5.19	5.50	6.40	4.79	5.58	6.41	6.70	6.41	6.63
Working Capital	20.12M	22.17M	25.67M	26.04M	25.69M	24.86M	23.76M	25.60M	25.82M	27.66M	32.63M	31.92M
Leverage & Debt
Debt to Equity	0.16	0.15	0.18	0.17	0.16	0.13	0.16	0.14	0.12	0.12	0.15	0.14
Interest Coverage TTM	-	-	-	-	-	-	-	-564.50	-279.55	-230.75	-126.57	-110.89
Debt Ratio	0.13	0.13	0.15	0.14	0.13	0.11	0.14	0.12	0.11	0.11	0.13	0.12
Efficiency & Turnover
Asset Turnover TTM	0.61	0.58	0.56	0.50	0.52	0.55	0.51	0.52	0.53	0.50	0.54	0.56
Days Sales Outstanding TTM	68.16	67.44	100.72	103.61	108.77	87.54	116.89	117.73	106.96	102.19	97.43	94.38
Receivables Turnover TTM	5.35	5.41	3.62	3.52	3.36	4.17	3.12	3.10	3.41	3.57	3.75	3.87
Per Share Metrics
Diluted EPS TTM	-0.11	-0.09	-0.08	-0.10	-0.10	-0.10	-0.06	-0.02	-0.01	-0.03	-0.05	-0.05
Free Cash Flow Per Share TTM	-0.04	-0.01	0.08	0.08	0.01	-0.05	-0.13	-0.07	-0.08	-0.06	0.01	-0.05
Dividend Per Share TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Margin Metrics
Gross Profit Margin TTM	44.74%	45.76%	46.42%	46.06%	44.39%	43.50%	42.27%	44.40%	44.95%	43.96%	43.04%	41.13%
Operating Profit Margin TTM	-16.78%	-16.40%	-13.80%	-17.69%	-18.17%	-14.92%	-18.71%	-12.93%	-11.68%	-14.92%	-9.81%	-7.59%
Net Profit Margin TTM	-12.75%	-11.15%	-8.71%	-12.17%	-12.89%	-11.16%	-7.73%	-2.29%	-0.84%	-3.41%	-5.68%	-5.05%
Growth Metrics
Net Revenue Growth (1Y)	8.89%	-0.69%	6.14%	-5.66%	-4.78%	7.30%	-7.19%	-5.63%	-5.23%	-13.74%	0.52%	5.26%
Net Income Growth (1Y)	7.74%	-0.78%	19.61%	402.17%	1,368.64%	251.48%	26.33%	-57.24%	-85.77%	-1.75%	6.66%	9.11%
EPS Growth (1Y)	6.66%	-1.97%	18.20%	396.26%	1,350.27%	247.67%	25.41%	-57.69%	-85.84%	-2.04%	6.45%	8.79%
Valuation Metrics
P/E TTM	-19.80	-12.90	-20.77	-30.99	-24.08	-10.89	-16.52	-53.83	-148.25	-43.61	-20.72	-25.59
P/B TTM	1.84	0.98	1.21	2.27	1.91	0.78	0.77	0.74	0.75	0.84	0.73	0.81
P/S TTM	2.52	1.44	1.81	3.77	3.10	1.21	1.28	1.23	1.24	1.49	1.18	1.29
Market Cap	68.91M	37.93M	48.26M	93.22M	77.79M	32.25M	32.10M	32.24M	32.62M	36.77M	31.87M	35.85M
Enterprise Value	61.37M	28.90M	36.40M	79.62M	67.27M	20.51M	23.67M	20.05M	22.29M	25.46M	14.36M	22.45M
Calculated Values
Free Cash Flow TTM	-1.18M	-270.00K	2.34M	2.46M	159.00K	-1.46M	-4.10M	-2.22M	-2.50M	-1.89M	278.00K	-1.38M
Net Debt	-7.54M	-9.03M	-11.86M	-13.60M	-10.51M	-11.75M	-8.43M	-12.20M	-10.33M	-11.31M	-17.50M	-13.41M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-03-06Purchase

Owner: Arnone, Vincent J

Title: President & CEO

Shares: 10,000

Price/Share: $1.24

Value: $12,400.00

Shares Owned: 549,513

Relationship: Director,Officer

Ownership: Direct

2025-06-04Sale

Owner: Jones, Sharon L

Title: -

Shares: 12,627

Price/Share: $1.67

Value: $21,087.09

Shares Owned: 83,973

Relationship: Director

Ownership: Direct

2025-03-28Purchase

Owner: Arnone, Vincent J

Title: President & CEO

Shares: 15,000

Price/Share: $1.05

Value: $15,750.00

Shares Owned: 485,879

Relationship: Director,Officer

Ownership: Direct

2024-11-19Purchase

Owner: Jones, Sharon L

Title: -

Shares: 8,014

Price/Share: $1.08

Value: $8,655.55

Shares Owned: 96,600

Relationship: Director

Ownership: Direct

2024-11-18Purchase

Owner: Jones, Sharon L

Title: -

Shares: 9,800

Price/Share: $1.05

Value: $10,290.00

Shares Owned: 88,585

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-03-06	Arnone, Vincent J	Director,Officer	President & CEO	Direct	Purchase	10,000	1.24	$12,400.00	549,513	4
2025-06-04	Jones, Sharon L	Director	-	Direct	Sale	12,627	1.67	$21,087.09	83,973	4
2025-03-28	Arnone, Vincent J	Director,Officer	President & CEO	Direct	Purchase	15,000	1.05	$15,750.00	485,879	4
2024-11-19	Jones, Sharon L	Director	-	Direct	Purchase	8,014	1.08	$8,655.55	96,600	4
2024-11-18	Jones, Sharon L	Director	-	Direct	Purchase	9,800	1.05	$10,290.00	88,585	4
2024-11-14	Jones, Sharon L	Director	-	Direct	Purchase	7,200	1.04	$7,488.00	74,585	4
2024-09-12	Albrecht, Ellen T	Officer	Chief Financial Officer	Direct	Purchase	5,000	1.01	$5,050.00	91,684	4
2024-09-12	Arnone, Vincent J	Director,Officer	President & CEO	Direct	Purchase	20,000	1.02	$20,400.00	460,513	4
2024-08-28	Jones, Sharon L	Director	-	Direct	Purchase	3,293	1.01	$3,325.93	48,785	4
2024-08-12	Jones, Sharon L	Director	-	Direct	Purchase	447	1.01	$451.64	45,492	4
2024-08-09	Arnone, Vincent J	Director,Officer	President & CEO	Direct	Purchase	20,000	1.04	$20,800.00	440,513	4
2023-08-11	Arnone, Vincent J	Director,Officer	President & CEO	Direct	Purchase	15,000	1.20	$18,000.00	344,755	4
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Institutional Ownership

No data available for chart

2026-03-31

23.48%

Inst. Shares: 7,301,032

Shares Outstanding: 31,091,335

2025-12-31

24.26%

Inst. Shares: 7,503,875

Shares Outstanding: 30,937,000

2025-09-30

22.62%

Inst. Shares: 7,030,476

Shares Outstanding: 31,074,000

2025-06-30

19.77%

Inst. Shares: 6,103,131

Shares Outstanding: 30,868,000

2025-03-31

21.61%

Inst. Shares: 6,638,191

Shares Outstanding: 30,718,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	7,301,032	31,091,335	23.48%
2025-12-31	7,503,875	30,937,000	24.26%
2025-09-30	7,030,476	31,074,000	22.62%
2025-06-30	6,103,131	30,868,000	19.77%
2025-03-31	6,638,191	30,718,000	21.61%
2024-12-31	6,936,299	30,572,000	22.69%
2024-09-30	6,449,842	30,708,000	21.00%
2024-06-30	6,193,956	30,482,000	20.32%
2024-03-31	5,539,365	30,385,000	18.23%
2023-12-31	5,432,045	30,348,000	17.90%
2023-09-30	5,187,113	30,385,000	17.07%
2023-06-30	5,290,271	30,324,000	17.45%
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FUEL TECH, INC. (FTEK) — SEC Financial Statements & Analysis

FUEL TECH, INC. (FTEK) is a industrial & commercial fans & blowers & air purifing equip company, incorporated in DE. FUEL TECH, INC. trades on Nasdaq as: FTEK. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), FUEL TECH, INC. reported a 8.89% year-over-year revenue growth, a Gross Profit Margin of 44.74% (TTM), a Debt-to-Equity ratio of 0.16x, a Price-to-Sales (P/S) ratio of 2.52x (TTM), a Price-to-Book (P/B) ratio of 1.84x (TTM), at a market cap of $68.91M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 8.89%
Gross Profit Margin TTM: 44.74%
Debt To Equity: 0.16x
P/S TTM: 2.52x
P/B TTM: 1.84x
Market Cap: $68.91M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is FUEL TECH, INC. in?

FUEL TECH, INC. (FTEK) operates in the Industrial & Commercial Fans & Blowers & Air Purifing Equip industry.

What is FTEK's market cap?

FUEL TECH, INC. (FTEK) has a market capitalization of $68.91M as of 2026-06-30.

What exchange does FTEK trade on?

FUEL TECH, INC. (FTEK) trades on the Nasdaq.

Where is FUEL TECH, INC. incorporated?

FUEL TECH, INC. is incorporated in DE.

FUEL TECH, INC.

Financial Statements

Custom Table

Interactive Financial Visualizations

Earnings Market Reaction

Performance and Valuation Metrics

Insider Transactions

Institutional Ownership

FUEL TECH, INC. (FTEK) — SEC Financial Statements & Analysis

Frequently Asked Questions

Companies in Industrial & Commercial Fans & Blowers & Air Purifing Equip

Wall Street's data.
Main Street's price.

FUEL TECH, INC. (FTEK) — SEC Financial Statements & Analysis

Frequently Asked Questions

Companies in Industrial & Commercial Fans & Blowers & Air Purifing Equip

Wall Street's data.Main Street's price.

Wall Street's data.
Main Street's price.