MARKETS / NASDAQ / FTEK
NASDAQ · INDUSTRIAL & COMMERCIAL FANS & BLOWERS & AIR PURIFING EQUIP · SMALL CAP

Fuel Tech, Inc. FTEK

17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$26.7M
▲ 6.1% vs FY2024
EPS · FY25
$-0.08
Dividend / sh · FY25
Payout · FY25
ROE · FY25
-5.7%
Net margin · FY25
-8.7%
Dividend coverage
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Result
USD 26.7M
Revenue, FY2025 · full 17-year series below
Revenue Net income
0.040.080.120.0-0.02009201220152018202120242025
0.040.080.120.0-0.02016201920222025

The company lost 9 cents on every revenue dollar this year.

Per share
USD -0.08
Diluted EPS, FY2025
EPS
0.40.81.2-0.082009201220152018202120242025
0.40.81.2-0.082016201920222025

The company pays no cash dividend.

Profitability
-5.7%
Return on equity, FY2025
ROE
2468-5.7%2009201220152018202120242025
2468-5.7%2016201920222025
Operating margin-13.8%
Net margin-8.7%
Return on assets-4.8%

Each USD of equity lost 6 cents this year.

Returned to shareholders
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacks
Share of profit
Consecutive raises

Growth
+3.4% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−0.3%
+3.4%
−9.7%
−7.2%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.03B
Shares outstanding, FY2025
0.020.032009201220152018202120242025
0.020.032016201920222025
Change, 5 years+23.2%
Change, 10 years+34.1%

The share count grew 23% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 47.2M
total assets, end of FY2025
Total assetsUSD 47.2M
EquityUSD 39.9M
CashUSD 11.9M
Current ratio5.09×

Equity funds 85% of total assets.

History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.0
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
Operating income $B
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
0.0
−0.0
−0.0
−0.0
−0.0
0.0
0.0
0.0
0.0
−0.0
EBITDA $B
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
0.0
−0.0
−0.0
−0.0
−0.0
0.0
0.0
0.0
0.0
0.0
Income tax $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
0.0
0.0
−0.0
0.0
0.0
0.0
0.0
−0.0
Net income $B
−0.0
−0.0
−0.0
−0.0
0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
0.0
0.0
0.0
0.0
−0.0
EPS, diluted $
−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
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
ROE %
−5.7
−4.5
−3.5
−3.2
0.2
−17.6
−26.1
−0.1
−27.2
−34.4
−19.0
−22.0
5.9
3.2
7.1
2.2
−2.9
Shares out B
0.03
0.03
0.03
0.03
0.03
0.03
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
63 of 63
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed