FUEL TECH INC (FTEK) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:FTEK • US3595231073

1.39 USD
+0.04 (+2.96%)
At close: Jan 29, 2026
1.4 USD
+0.01 (+0.72%)
After Hours: 1/29/2026, 8:20:40 PM
Fundamental Rating

4

Taking everything into account, FTEK scores 4 out of 10 in our fundamental rating. FTEK was compared to 80 industry peers in the Commercial Services & Supplies industry. FTEK has a great financial health rating, but its profitability evaluates not so good. FTEK has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

  • In the past year FTEK has reported negative net income.
  • In the past year FTEK had a positive cash flow from operations.
  • FTEK had negative earnings in 4 of the past 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: FTEK reported negative operating cash flow in multiple years.
FTEK Yearly Net Income VS EBIT VS OCF VS FCFFTEK Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -5M -10M -15M

1.2 Ratios

  • FTEK's Return On Assets of -6.27% is on the low side compared to the rest of the industry. FTEK is outperformed by 67.50% of its industry peers.
  • The Return On Equity of FTEK (-7.33%) is worse than 61.25% of its industry peers.
Industry RankSector Rank
ROA -6.27%
ROE -7.33%
ROIC N/A
ROA(3y)-3.28%
ROA(5y)-4.78%
ROE(3y)-3.76%
ROE(5y)-6.07%
ROIC(3y)N/A
ROIC(5y)N/A
FTEK Yearly ROA, ROE, ROICFTEK Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -10 -20 -30 -40

1.3 Margins

  • With an excellent Gross Margin value of 46.06%, FTEK belongs to the best of the industry, outperforming 83.75% of the companies in the same industry.
  • In the last couple of years the Gross Margin of FTEK has grown nicely.
  • The Profit Margin and Operating Margin are not available for FTEK so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 46.06%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.79%
GM growth 5Y3.6%
FTEK Yearly Profit, Operating, Gross MarginsFTEK Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

7

2. Health

2.1 Basic Checks

  • FTEK does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • FTEK has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, FTEK has more shares outstanding
  • There is no outstanding debt for FTEK. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
FTEK Yearly Shares OutstandingFTEK Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
FTEK Yearly Total Debt VS Total AssetsFTEK Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M

2.2 Solvency

  • FTEK has an Altman-Z score of 1.10. This is a bad value and indicates that FTEK is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.10, FTEK is doing worse than 70.00% of the companies in the same industry.
  • FTEK has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 1.1
ROIC/WACCN/A
WACC8.9%
FTEK Yearly LT Debt VS Equity VS FCFFTEK Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M 20M 30M 40M

2.3 Liquidity

  • A Current Ratio of 5.41 indicates that FTEK has no problem at all paying its short term obligations.
  • FTEK's Current ratio of 5.41 is amongst the best of the industry. FTEK outperforms 92.50% of its industry peers.
  • A Quick Ratio of 5.34 indicates that FTEK has no problem at all paying its short term obligations.
  • With an excellent Quick ratio value of 5.34, FTEK belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 5.41
Quick Ratio 5.34
FTEK Yearly Current Assets VS Current LiabilitesFTEK Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M

3

3. Growth

3.1 Past

  • FTEK shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -350.00%.
  • Looking at the last year, FTEK shows a decrease in Revenue. The Revenue has decreased by -5.66% in the last year.
  • The Revenue has been decreasing by -3.80% on average over the past years.
EPS 1Y (TTM)-350%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
Revenue 1Y (TTM)-5.66%
Revenue growth 3Y1.13%
Revenue growth 5Y-3.8%
Sales Q2Q%-4.6%

3.2 Future

  • The Earnings Per Share is expected to grow by 37.36% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, FTEK will show a quite strong growth in Revenue. The Revenue will grow by 17.70% on average per year.
EPS Next Y-2%
EPS Next 2Y47.31%
EPS Next 3Y38.9%
EPS Next 5Y37.36%
Revenue Next Year5.56%
Revenue Next 2Y13.19%
Revenue Next 3Y14.22%
Revenue Next 5Y17.7%

3.3 Evolution

  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
FTEK Yearly Revenue VS EstimatesFTEK Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20M 40M 60M 80M
FTEK Yearly EPS VS EstimatesFTEK Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 0 0.2 -0.2 0.4

2

4. Valuation

4.1 Price/Earnings Ratio

  • FTEK reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • The Price/Forward Earnings ratio is 136.27, which means the current valuation is very expensive for FTEK.
  • FTEK's Price/Forward Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 25.72. FTEK is valued rather expensively when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 136.27
FTEK Price Earnings VS Forward Price EarningsFTEK Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 100

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of FTEK indicates a somewhat cheap valuation: FTEK is cheaper than 77.50% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 16.28
EV/EBITDA N/A
FTEK Per share dataFTEK EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1

4.3 Compensation for Growth

  • FTEK's earnings are expected to grow with 38.90% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y47.31%
EPS Next 3Y38.9%

0

5. Dividend

5.1 Amount

  • No dividends for FTEK!.
Industry RankSector Rank
Dividend Yield 0%

FUEL TECH INC / FTEK FAQ

Can you provide the ChartMill fundamental rating for FUEL TECH INC?

ChartMill assigns a fundamental rating of 4 / 10 to FTEK.


What is the valuation status for FTEK stock?

ChartMill assigns a valuation rating of 2 / 10 to FUEL TECH INC (FTEK). This can be considered as Overvalued.


What is the profitability of FTEK stock?

FUEL TECH INC (FTEK) has a profitability rating of 2 / 10.


What is the financial health of FUEL TECH INC (FTEK) stock?

The financial health rating of FUEL TECH INC (FTEK) is 7 / 10.