Market cap
$46 Mln
Revenue (TTM)
$27 Mln
P/E Ratio
--
P/B Ratio
1.2
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 6.66 | 16.68 | 8.89 | -0.58 | 2.09 |
| EBIT | -21.24 | -140.00 | -22.67 | -185.26 | -259.36 |
| Net Profit | 9.23 | -78.52 | -7.74 | -163.13 | -267.11 |
| EPS | 9.49 | -76.73 | -6.49 | -157.86 | -238.37 |
| Book Value | -- | -- | -5.94 | -4.60 | 7.75 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| -7.14 | -5.23 | -14.23 | -8.66 | -7.42 |
| Net Margin
| -- | -- | -12.75 | -- | -- |
| Return on equity
| -4.56 | -3.34 | -9.01 | -5.68 | -4.54 |
| Return on Capital
| -4.50 | -3.30 | -- | -5.59 | -4.47 |
| Return on Assets
| -3.94 | -2.91 | -6.93 | -4.84 | -3.92 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.01 | 0.01 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
--
|
-5.59
|
-4.47
|
-3.44
|
-3.15
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
-9.01
Lower than Peers by 27.00
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
-9.01
|
-5.68
|
-4.54
|
-3.47
|
-3.17
|
|
Peer Median
|
18.00
|
--
|
--
|
--
|
--
|
ROA
-6.93
Lower than Peers by 12.47
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
-6.93
|
-4.84
|
-3.92
|
-3.06
|
-2.88
|
|
Peer Median
|
5.54
|
--
|
--
|
--
|
--
|
EBIT Margin
-14.23
Lower than Peers by 27.66
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
-14.23
|
-8.66
|
-7.42
|
-5.35
|
-5.09
|
|
Peer Median
|
13.43
|
--
|
--
|
--
|
--
|
Net Margin
-12.75
Lower than Peers by 22.20
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
-12.75
|
-8.71
|
-7.73
|
-5.68
|
-5.35
|
|
Peer Median
|
9.45
|
--
|
--
|
--
|
--
|
Cash Profit Margin
0.00
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
0.00
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
8.89
Higher than Peers by 1.02
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
8.89
|
0.06
|
-0.07
|
0.01
|
0.11
|
|
Peer Median
|
7.86
|
--
|
--
|
--
|
--
|
EBIT Growth
-22.67
Lower than Peers by 26.70
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
-22.67
|
-23.74
|
-28.87
|
-5.62
|
-1,675.86
|
|
Peer Median
|
4.03
|
--
|
--
|
--
|
--
|
Net Profit Growth
-7.74
Lower than Peers by 12.34
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
-7.74
|
-19.61
|
-26.33
|
-6.66
|
-2,770.37
|
|
Peer Median
|
4.60
|
--
|
--
|
--
|
--
|
EPS Growth
-6.49
Lower than Peers by 13.85
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
-6.49
|
-0.18
|
-0.25
|
-0.06
|
-27.68
|
|
Peer Median
|
7.36
|
--
|
--
|
--
|
--
|
Book Value Growth
-9.03
Lower than Peers by 22.43
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
-9.03
|
--
|
--
|
--
|
--
|
|
Peer Median
|
13.40
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
--
|
0.01
|
0.01
|
0.01
|
0.00
|
|
Peer Median
|
0.95
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.00
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
0.00
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
5.10
Higher than Peers by 3.83
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
5.10
|
5.09
|
5.06
|
6.74
|
7.52
|
|
Peer Median
|
1.27
|
--
|
--
|
--
|
--
|
Quick Ratio
5.03
Higher than Peers by 3.81
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
5.03
|
5.03
|
4.99
|
6.66
|
7.43
|
|
Peer Median
|
1.22
|
--
|
--
|
--
|
--
|
Interest Coverage
--
--
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
--
|
--
|
--
|
-68.95
|
-80.65
|
|
Peer Median
|
5.47
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
14.30
Lower than Peers by 2.28
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
14.30
|
20.07
|
37.27
|
24.85
|
28.69
|
|
Peer Median
|
16.58
|
--
|
--
|
--
|
--
|
Asset Turnover
0.54
Lower than Peers by 0.12
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
0.54
|
0.56
|
0.51
|
0.54
|
0.54
|
|
Peer Median
|
0.66
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
--
|
100.79
|
116.97
|
97.50
|
74.48
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
--
|
9.84
|
10.52
|
9.84
|
8.83
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
--
|
78.66
|
67.16
|
60.75
|
50.99
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
--
|
31.96
|
60.33
|
46.59
|
32.33
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
--
--
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
--
|
-20.86
|
-16.59
|
-20.74
|
-26.79
|
|
Peer Median
|
35.21
|
--
|
--
|
--
|
--
|
Price / Book Value
1.22
Lower than Peers by 4.44
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
1.22
|
1.21
|
0.77
|
0.73
|
0.86
|
|
Peer Median
|
5.66
|
--
|
--
|
--
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.93
|
--
|
--
|
--
|
--
|
EV/EBITDA
53.37
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
53.37
|
-15.02
|
-10.08
|
-2.54
|
-13.44
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
46
Lower than Peers by 1,328
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Fuel Tech (FTEK)
|
46
|
--
|
--
|
--
|
--
|
|
Peer Median
|
1,374
|
--
|
--
|
--
|
--
|