FTEK · Fuel Tech, Inc.
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $27.3M | $26.68M | $25.13M | $27.08M | $26.94M | $24.26M | $22.55M | $30.47M | $56.54M | $45.17M | $55.16M | $73.66M | $79.02M | $109.34M | $97.64M | $93.67M | $81.8M | $71.4M | |
| $15.09M | $14.29M | $14.51M | $15.43M | $15.3M | $12.36M | $11.91M | $19.64M | $36.47M | $27.14M | $36.37M | $45.11M | $43.89M | $62.52M | $56.9M | $49.86M | $46.82M | $42.44M | |
| $12.21M | $12.38M | $10.62M | $11.66M | $11.64M | $11.9M | $10.64M | $10.83M | $20.06M | $18.02M | $18.79M | $28.56M | $35.13M | $46.82M | $40.75M | $43.81M | $34.97M | — | |
| — | 46.42% | 42.27% | 43.04% | 43.22% | 49.04% | 47.18% | 35.55% | 35.49% | 39.9% | 34.07% | 38.77% | 44.46% | 42.82% | 41.73% | 46.77% | 42.76% | — | |
| $2.12M | $2.01M | $1.56M | $1.51M | $895K | $1.33M | $1.18M | $1.13M | $1.07M | $1.07M | $1.75M | $1.45M | $1.46M | $2.44M | $2.86M | $1.47M | $948K | $542K | |
| $14.67M | $14.05M | $13.76M | $12.8M | $12.28M | $12.06M | $13.6M | $17.19M | $18.56M | $20.93M | $25.56M | $30.9M | $35.43M | $36.38M | $32.68M | $33.45M | $30.86M | $32.27M | |
| — | $36K | $57K | $61K | $88K | $157K | $185K | $186K | $193K | $215K | $1.12M | $1.54M | $2.38M | $839K | $898K | $912K | $886K | — | |
| — | $0 | $0 | $0 | $0 | $0 | $0 | $625K | $0 | $119K | $1.43M | $219K | $0 | — | — | — | — | — | |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | $84.02M | $77.86M | $74.48M | |
| $31.88M | $30.36M | $29.84M | $29.74M | $28.47M | $25.75M | $26.89M | $38.71M | $56.43M | $52.23M | $67.19M | $79.1M | $104.18M | $101.34M | $92.44M | $84.02M | $77.86M | — | |
| -$4.58M | -$3.68M | -$4.7M | -$2.66M | -$1.53M | -$1.49M | -$4.34M | -$8.24M | $110K | -$7.07M | -$12.02M | -$5.43M | -$25.16M | $8M | $5.2M | $9.65M | $3.94M | -$3.08M | |
| — | -13.8% | -18.71% | -9.81% | -5.67% | -6.14% | -19.23% | -27.05% | 0.19% | -15.64% | -21.8% | -7.37% | -31.85% | 7.32% | 5.33% | 10.3% | 4.81% | -4.32% | |
| — | — | $0 | $21K | $17K | $19K | $4000 | — | — | $0 | $0 | $27K | $125K | $56K | $93K | $148K | $143K | $120K | |
| $1.11M | $1.42M | $1.25M | $1.3M | $202K | $6000 | — | $41K | $6000 | $10K | $25K | $21K | $29K | $58K | $78K | $35K | $11K | $32K | |
| $16K | -$43K | $1.59M | -$90K | -$46K | $1.57M | $119K | -$8000 | $2000 | -$60K | -$925K | -$360K | -$544K | -$137K | -$107K | -$279K | -$119K | -$241K | |
| -$3.46M | -$2.31M | -$1.87M | -$1.47M | -$1.39M | $68K | -$4.22M | -$7.84M | $118K | -$7.12M | -$12.92M | -$5.8M | -$25.8M | $7.87M | $5.08M | $9.26M | $3.69M | -$3.41M | |
| $20K | $15K | $77K | $69K | $54K | $14K | $57K | $14K | $33K | -$580K | $1.66M | $3.76M | -$8.08M | $2.76M | $2.3M | $3.11M | $1.93M | -$1.1M | |
| -$3.48M | -$2.32M | -$1.94M | -$1.54M | -$1.44M | $54K | -$4.28M | -$7.85M | -$28K | -$10.45M | -$17.39M | -$12.38M | -$17.73M | $5.1M | $2.78M | $6.15M | $1.75M | -$2.31M | |
| — | -8.71% | -7.73% | -5.68% | -5.35% | 0.22% | -18.97% | -25.77% | -0.05% | -23.13% | -31.52% | -16.81% | -22.43% | 4.67% | 2.84% | 6.56% | 2.14% | -3.23% | |
| -$3.46M | -$2.13M | -$2.11M | -$1.56M | -$1.57M | -$180K | -$3.87M | -$8.35M | -$545K | -$9.65M | -$17.4M | -$13.49M | -$18.21M | $5.53M | $2M | $6.29M | $1.73M | -$2.22M | |
| USD/shares | -$0.12 | -$0.08 | -$0.06 | -$0.05 | -$0.05 | $0.00 | -$0.17 | -$0.32 | $0.00 | -$0.44 | -$0.01 | -$0.54 | -$0.78 | $0.23 | $0.12 | $0.26 | $0.07 | -$0.10 |
| USD/shares | -$0.12 | -$0.08 | -$0.06 | -$0.05 | -$0.05 | $0.00 | -$0.17 | -$0.32 | $0.00 | -$0.44 | -$0.74 | -$0.54 | -$0.78 | $0.23 | $0.12 | $0.25 | $0.07 | -$0.10 |
| shares | — | 30.94M | 30.57M | 30.35M | 30.29M | 29.59M | 24.69M | 24.2M | 24.16M | 23.87M | 23.37M | 23.1M | 22.78M | 22.29M | 22.71M | 24.1M | 24.21M | 24.15M |
| shares | — | 30.94M | 30.57M | 30.35M | 30.29M | 29.69M | 24.69M | 24.2M | 24.16M | 23.87M | 23.37M | 23.1M | 22.78M | 22.58M | 23.54M | 24.63M | 24.41M | 24.15M |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2011–FY2014: $12M in buybacks.
Debt Profile
Annual debt figures are established from 10-K filings and updated by subsequent 10-Q and 8-K disclosures. Instrument balances are not summed into a company total unless the filing itself reports that total.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 12 similar-size Pollution & Treatment Controls companies (of 18 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| FUELCHEM | $17,769,000 | $13,891,000 | $13,598,000 | $16,344,000 | $17,365,000 | $13,993,000 |
| Air Pollution Control | $8,908,000 | $11,242,000 | $13,483,000 | $10,597,000 | $6,896,000 | $8,557,000 |
| All Other Segments | $0 | $0 | $0 | $0 | $0 | $0 |
By Geography (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| United States | $21,022,000 | $17,802,000 | $21,397,000 | $20,311,000 | $19,515,000 | $18,622,000 |
| Pacific Rim and Other Geographical Areas | $2,391,000 | $1,691,000 | $2,386,000 | — | — | — |
| Europe | $2,239,000 | $2,146,000 | $2,558,000 | $2,888,000 | $1,894,000 | $1,656,000 |
| Americas | $707,000 | $924,000 | $577,000 | $213,000 | $356,000 | — |
| South Africa | $318,000 | $2,570,000 | $163,000 | — | — | — |
| China | $0 | $0 | $2,000 | $3,000 | $22,000 | $25,000 |
| Americas Excluding United States | — | — | — | — | $356,000 | $549,000 |
| Asia | — | — | $2,378,000 | $3,529,000 | $2,496,000 | $1,723,000 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Technology Solutions | $23,189,000 | $21,788,000 | $23,095,000 | $24,279,000 | $21,554,000 | $19,661,000 |
| Ancillary Revenue | $1,749,000 | $1,729,000 | $1,747,000 | $1,751,000 | $1,569,000 | $1,983,000 |
| Spare Parts | $1,739,000 | $1,616,000 | $2,239,000 | $911,000 | $1,138,000 | $906,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| FUELCHEM | $8,568,000 | $6,431,000 | $6,583,000 | $7,970,000 | $8,531,000 | $6,664,000 |
| Air Pollution Control | $3,815,000 | $4,192,000 | $5,073,000 | $3,673,000 | $3,367,000 | $3,974,000 |
| All Other Segments | -$16,064,000 | -$15,325,000 | -$14,314,000 | -$13,170,000 | -$13,387,000 | -$14,974,000 |
Operating Margin by Segment (%)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| FUELCHEM | 48.2% | 46.3% | 48.4% | 48.8% | 49.1% | 47.6% |
| Air Pollution Control | 42.8% | 37.3% | 37.6% | 34.7% | 48.8% | 46.4% |