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Home CompaniesFuel Tech Inc

Fuel Tech Inc

Industrials Pollution & Treatment Controls
PortfolioPortfolio WatchlistWatchlist
Company price
1.35 USD -0.01 ( 0.74%)
Last update at 2026-11-12T15:32:00Z
VOLUME
18611
Market Cap
42.68M

Momentum Score

…

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 in the United States, rest of the Americas, Europe, South Africa, the Pacific Rim, and internationally. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide emissions (NOx) in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources; NOxOUT selected non-catalytic reduction and selected catalytic reduction systems, including ammonia injection grid and graduated straightening grid systems; electrostatic precipitator processes and services; ULTRA technology; urea direct injection systems; and flue gas conditioning systems. Its FUEL CHEM Technology segment provides chemical injection 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 targeted in-furnace injection technology. This segment also 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. In addition, the company provides dissolved gas infusion systems, which utilize a proprietary channel injector and a patented saturator that infuses oxygen, carbon dioxide, or other gases into water; and visualization software. Fuel Tech, Inc. was incorporated in 1987 and is headquartered in Warrenville, Illinois.

Source: TradingView
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Day Price Range
1.34
Low
1.36
High
52 Week Price Range
0.93
Low
3.65
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Fuel Tech, Inc. develops and supplies emissions-control and water-treatment technologies and related services for power generators and industrial customers. Long-term growth may be supported by tightening air and water environmental regulations, demand for retrofit and upgrade projects at aging facilities, and recurring service revenue from installed equipment, which could appeal to investors seeking regulated-driven technology exposure.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
1.36
Dividend Yield
-
Revenue TTM
26.68M
Revenue Per Share
0.86
Gross Profit TTM
12.38M
Debt / Equity
0.02
ROE
-5.68%
Net Debt
-11.28M
ROCE
-9.00%
Diluted EPS TTM
-0.08

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -2.31M -1.87M -1.47M -1.39M 0.07M
Net income -2.32M -1.94M -1.54M -1.44M 0.05M
Selling general administrative 14.05M 13.76M 12.20M 12.28M 12.05M
Gross profit 12.38M 10.62M 11.66M 11.64M 11.90M
Reconciled depreciation 0.70M 0.46M 0.40M 0.44M 0.74M
Ebit -3.68M -1.87M -1.45M -1.53M 0.08M
Ebitda -2.98M -1.41M -1.11M -0.93M 0.82M
Depreciation and amortization 0.70M 0.46M 0.34M 0.60M 0.74M
Operating income -3.68M -4.70M -2.66M -1.53M 0.08M
Other operating expenses 30.36M 29.84M 29.74M 28.47M 25.75M
Interest expense - 0.00M 0.02M 0.02M 0.01M
Tax provision 0.01M 0.08M 0.04M 0.05M 0.01M
Interest income 1.42M 1.25M 1.07M 0.20M -
Net interest income 1.42M 1.25M 1.05M 0.18M -0.01M
Income tax expense 0.01M 0.08M 0.07M 0.05M 0.01M
Total revenue 26.68M 25.13M 27.08M 26.94M 24.26M
Total operating expenses 16.06M 15.32M 14.31M 13.17M 13.39M
Cost of revenue 14.29M 14.51M 15.43M 15.30M 12.36M
Total other income expense net 1.37M 2.84M 1.19M 0.14M -0.01M
Net income from continuing ops -2.32M -1.94M -1.40M -1.44M 0.05M
Net income applicable to common shares - - - -1.44M 0.05M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 47.18M 48.80M 50.39M 50.12M 49.97M
Intangible assets 0.65M 0.33M 0.36M 0.40M 0.45M
Other current assets 1.33M 1.16M 1.44M 1.40M 1.07M
Total liab 7.25M 6.84M 6.75M 5.25M 3.77M
Total stockholder equity 39.93M 41.95M 43.64M 44.88M 46.20M
Other current liab 2.94M 2.86M 1.80M 1.56M 1.16M
Common stock 0.32M 0.32M 0.31M 0.31M 0.31M
Capital stock 0.32M 0.32M 0.31M 0.31M 0.31M
Retained earnings -121.80M -119.47M -117.53M -115.96M -114.55M
Other liab - - - 0.45M 0.43M
Good will 2.12M 2.12M 2.12M 2.12M 2.12M
Other assets - - - 0.79M 1.09M
Cash 11.94M 8.51M 17.58M 23.33M 35.89M
Total current liabilities 6.27M 5.86M 5.69M 4.77M 3.22M
Current deferred revenue - - 1.38M 0.37M 0.39M
Net debt -11.28M -7.88M -16.89M -23.14M -35.66M
Short term debt 0.09M 0.08M 0.08M 0.12M 0.11M
Short long term debt total 0.66M 0.62M 0.69M 0.19M 0.23M
Other stockholder equity 163.12M 163.03M 162.60M 162.25M 162.04M
Property plant equipment - - - 4.63M 4.85M
Total current assets 31.94M 29.62M 38.32M 35.83M 41.47M
Long term investments 6.99M 10.88M 3.66M 6.36M -
Net tangible assets - - - 42.33M 43.64M
Short term investments 12.94M 10.18M 12.14M 2.98M -
Net receivables 5.36M 9.37M 6.73M 7.73M 3.26M
Inventory 0.37M 0.40M 0.44M 0.39M 0.35M
Accounts payable 3.24M 2.92M 2.42M 2.71M 1.56M
Accumulated other comprehensive income -1.72M -1.92M -1.75M -1.73M -1.60M
Non currrent assets other 0.21M 0.19M 0.61M 0.62M 1.09M
Non current assets total 15.23M 19.18M 12.07M 14.30M 8.51M
Capital lease obligations 0.58M 0.62M 0.61M 0.19M 0.23M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments 1.22M -5.44M -9.75M -9.48M -0.08M
Change to liabilities - - - 1.16M -0.77M
Total cashflows from investing activities 0.55M -5.44M -6.44M -9.48M -0.08M
Total cash from financing activities -0.22M -0.10M 0.04M -0.02M 23.98M
Change to operating activities - - - 0.05M -0.77M
Net income -2.32M -1.94M -1.54M -1.44M 0.05M
Change in cash 3.43M -9.07M -5.75M -13.73M 24.45M
Begin period cash flow 8.51M 17.58M 23.33M 37.05M 12.61M
End period cash flow 11.94M 8.51M 17.58M 23.33M 37.05M
Total cash from operating activities 3.02M -3.43M 0.70M -4.14M 0.76M
Issuance of capital stock - - - 0.00M 25.81M
Depreciation 0.66M 0.46M 0.34M 0.44M 0.74M
Other cashflows from investing activities 12.58M 12.62M - - -
Change to inventory 0.03M 0.04M -0.05M -0.04M -0.25M
Change to account receivables 4.20M -1.13M 1.04M -4.45M 3.79M
Sale purchase of stock - -0.10M - - -
Other cashflows from financing activities -0.22M -0.10M 0.04M -0.02M -1.83M
Change to netincome - - - 0.15M -2.03M
Capital expenditures 0.67M 0.38M 0.42M 0.21M 0.08M
Change in working capital 4.36M -2.26M 1.93M -3.29M 2.00M
Stock based compensation 0.33M 0.45M 0.39M 0.22M 0.08M
Other non cash items -0.02M -0.14M -0.42M -0.11M -2.12M
Free cash flow 2.34M -3.81M 0.28M -4.34M 0.68M

Peer Comparison*

Sector: Industrials Industry: Pollution & Treatment Controls

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
FTEK
Fuel Tech Inc		 -0.01
0.74%		 1.35 - 125.00 1.60 1.07 0.69 53.37
VLTO
Veralto Corporation		 0.70
0.59%		 119.47 29.06 27.70 4.78 10.95 5.04 20.26
FSS
Federal Signal Corporation		 0.26
0.22%		 116.80 28.73 24.21 3.17 5.00 3.41 17.76
ZWS
Zurn Elkay Water Solutions Corporation		 0.23
0.51%		 45.67 53.45 25.32 3.38 3.18 3.67 20.69
KTWIY
Kurita Water Industries Ltd		 -
-%		 67.91 19.66 - 0.01 2.29 2.09 8.87

Profile*

Fuel Tech Inc

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 in the United States, rest of the Americas, Europe, South Africa, the Pacific Rim, and internationally. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide emissions (NOx) in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources; NOxOUT selected non-catalytic reduction and selected catalytic reduction systems, including ammonia injection grid and graduated straightening grid systems; electrostatic precipitator processes and services; ULTRA technology; urea direct injection systems; and flue gas conditioning systems. Its FUEL CHEM Technology segment provides chemical injection 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 targeted in-furnace injection technology. This segment also 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. In addition, the company provides dissolved gas infusion systems, which utilize a proprietary channel injector and a patented saturator that infuses oxygen, carbon dioxide, or other gases into water; and visualization software. Fuel Tech, Inc. was incorporated in 1987 and is headquartered in Warrenville, Illinois.

27601 Bella Vista Parkway, Warrenville, IL, United States, 60555-1617

630 845 4500

https://www.ftek.com

77

Name Title Year Born
Mr. Vincent J. Arnone Chairman, CEO & Pres 1964
Ms. Ellen T. Albrecht VP, CFO & Treasurer 1973
Mr. William E. Cummings Jr. Sr. VP of Sales 1957
Dr. William H. Sun VP of International Bus. & Technologies 1958
Mr. Bradley W. Johnson VP, Gen. Counsel & Sec. 1965
Mr. Vincent M. Albanese Sr. VP of Regulatory Affairs 1949
Mr. David S. Collins Sr. Financial Advisor 1965
Mr. Kevin R. Dougherty VP of Bus. Devel. & Marketing 1962
Mr. Ronald B. Seidel PE Exec. Consultant 1947
Mr. Vincent J. Arnone Chairman, CEO & President 1964

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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