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FUEL TECH INC (FTEK) Stock Fundamental Analysis

USA - NASDAQ:FTEK - US3595231073 - Common Stock

2.85 USD
0 (0%)
Last: 10/23/2025, 2:46:06 PM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to FTEK. FTEK was compared to 82 industry peers in the Commercial Services & Supplies industry. While FTEK has a great health rating, there are worries on its profitability. FTEK is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5M -5M -10M -15M

1.2 Ratios

The Return On Assets of FTEK (-6.87%) is worse than 71.95% of its industry peers.
FTEK has a worse Return On Equity (-7.95%) than 60.98% of its industry peers.
Industry RankSector Rank
ROA -6.87%
ROE -7.95%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -10 -20 -30 -40

1.3 Margins

Looking at the Gross Margin, with a value of 44.39%, FTEK belongs to the top of the industry, outperforming 81.71% of the companies in the same industry.
FTEK's Gross Margin has improved in the last couple of years.
FTEK does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 44.39%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

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8

2. Health

2.1 Basic Checks

FTEK does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for FTEK has been increased compared to 1 year ago.
The number of shares outstanding for FTEK has been increased compared to 5 years ago.
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 2015 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

2.2 Solvency

An Altman-Z score of 5.65 indicates that FTEK is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 5.65, FTEK belongs to the top of the industry, outperforming 86.59% of the companies in the same industry.
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.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 5.65
ROIC/WACCN/A
WACC8.62%
FTEK Yearly LT Debt VS Equity VS FCFFTEK Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M

2.3 Liquidity

FTEK has a Current Ratio of 5.82. This indicates that FTEK is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of FTEK (5.82) is better than 92.68% of its industry peers.
A Quick Ratio of 5.71 indicates that FTEK has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 5.71, FTEK belongs to the top of the industry, outperforming 93.90% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 5.82
Quick Ratio 5.71
FTEK Yearly Current Assets VS Current LiabilitesFTEK Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M

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3

3. Growth

3.1 Past

The earnings per share for FTEK have decreased strongly by -900.00% in the last year.
The Revenue has decreased by -4.78% in the past year.
FTEK shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -3.80% yearly.
EPS 1Y (TTM)-900%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-100%
Revenue 1Y (TTM)-4.78%
Revenue growth 3Y1.13%
Revenue growth 5Y-3.8%
Sales Q2Q%-21.07%

3.2 Future

Based on estimates for the next years, FTEK will show a very strong growth in Earnings Per Share. The EPS will grow by 35.39% on average per year.
Based on estimates for the next years, FTEK will show a quite strong growth in Revenue. The Revenue will grow by 18.70% on average per year.
EPS Next Y15%
EPS Next 2Y22.07%
EPS Next 3Y29.47%
EPS Next 5Y35.39%
Revenue Next Year13.3%
Revenue Next 2Y14.15%
Revenue Next 3Y15.7%
Revenue Next 5Y18.7%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
FTEK Yearly Revenue VS EstimatesFTEK Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 20M 40M 60M 80M
FTEK Yearly EPS VS EstimatesFTEK Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 0.2 -0.2

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1

4. Valuation

4.1 Price/Earnings Ratio

FTEK reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for FTEK. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
FTEK Price Earnings VS Forward Price EarningsFTEK Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 -40 -60 -80

4.2 Price Multiples

FTEK's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 199.89
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 29.47% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y22.07%
EPS Next 3Y29.47%

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0

5. Dividend

5.1 Amount

No dividends for FTEK!.
Industry RankSector Rank
Dividend Yield N/A

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FUEL TECH INC

NASDAQ:FTEK (10/23/2025, 2:46:06 PM)

2.85

0 (0%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)08-05 2025-08-05/amc
Earnings (Next)11-11 2025-11-11
Inst Owners19.9%
Inst Owner Change0%
Ins Owners21.43%
Ins Owner Change-0.14%
Market Cap88.55M
Revenue(TTM)25.07M
Net Income(TTM)-3231000
Analysts82.86
Price Target4.08 (43.16%)
Short Float %2.77%
Short Ratio1.76
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)18.3%
Min EPS beat(2)1.96%
Max EPS beat(2)34.64%
EPS beat(4)2
Avg EPS beat(4)-39.87%
Min EPS beat(4)-100%
Max EPS beat(4)34.64%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-8.15%
Min Revenue beat(2)-10.53%
Max Revenue beat(2)-5.77%
Revenue beat(4)0
Avg Revenue beat(4)-8.37%
Min Revenue beat(4)-10.53%
Max Revenue beat(4)-5.77%
Revenue beat(8)2
Avg Revenue beat(8)-6.33%
Revenue beat(12)5
Avg Revenue beat(12)-2.2%
Revenue beat(16)7
Avg Revenue beat(16)-1.98%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)16.67%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.49%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.46%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 3.53
P/FCF 199.89
P/OCF 123.33
P/B 2.18
P/tB 2.32
EV/EBITDA N/A
EPS(TTM)-0.1
EYN/A
EPS(NY)-0.03
Fwd EYN/A
FCF(TTM)0.01
FCFY0.5%
OCF(TTM)0.02
OCFY0.81%
SpS0.81
BVpS1.31
TBVpS1.23
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -6.87%
ROE -7.95%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 44.39%
FCFM 1.77%
ROA(3y)-3.28%
ROA(5y)-4.78%
ROE(3y)-3.76%
ROE(5y)-6.07%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
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%
F-Score3
Asset Turnover0.53
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA N/A
Cap/Depr 44.86%
Cap/Sales 1.1%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 5.82
Quick Ratio 5.71
Altman-Z 5.65
F-Score3
WACC8.62%
ROIC/WACCN/A
Cap/Depr(3y)84.04%
Cap/Depr(5y)58.47%
Cap/Sales(3y)1.28%
Cap/Sales(5y)1.05%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-900%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-100%
EPS Next Y15%
EPS Next 2Y22.07%
EPS Next 3Y29.47%
EPS Next 5Y35.39%
Revenue 1Y (TTM)-4.78%
Revenue growth 3Y1.13%
Revenue growth 5Y-3.8%
Sales Q2Q%-21.07%
Revenue Next Year13.3%
Revenue Next 2Y14.15%
Revenue Next 3Y15.7%
Revenue Next 5Y18.7%
EBIT growth 1Y-47.99%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year56.16%
EBIT Next 3Y30.99%
EBIT Next 5Y31.11%
FCF growth 1Y145.67%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y189.75%
OCF growth 3YN/A
OCF growth 5YN/A