What is Future Fuel Corporation's earnings per share (EPS)?

Future Fuel Corporation (FF) reported diluted earnings per share of -$1.13 for fiscal year 2025. This represents a -422.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Future Fuel Corporation (FF) Financials

Trailing 12 months to June 30, 2026

Revenue $153.2M -7.6% YoY

Net Income -$26.3M n/m YoY

EPS (Diluted) -$0.71 n/m YoY

Free Cash Flow -$50.9M n/m YoY

Market Cap $250.5M as of Oct 23, 2026

Price / Sales 1.6x on $153.2M revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book 1.6x on $153.1M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 10, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FF SEC filings page.

Future Fuel Corporation (FF) reported $153.2M in revenue over the twelve months to Jun 30, 2026, down 7.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FF FY2025 2026-10-24

FutureFuel’s 2025 downturn exposed a fixed-cost-heavy operation: sales collapsed, margins turned negative, and reinvestment continued despite cash generation reversing.

Revenue fell 60.7% from FY2024 to FY2025 while SG&A rose 4.5%, showing that the cost base did not flex with reduced volume. Gross margin fell 49.3 percentage points to -41.2%, indicating that the deterioration extended beyond overhead and reached the economics of reported production.

In FY2025, operating cash flow was -$28.7M while capital expenditures consumed 18.0% of revenue, so cash pressure reflected both weaker operations and continued reinvestment. Inventory rose 42.1% while receivables fell 57.0%, suggesting working capital did not contract evenly as sales fell.

The balance sheet remained lightly burdened by liabilities: assets contracted 19.1% while liabilities fell only 10.0%, leaving obligations declining less rapidly than the asset base. A 6.1x current ratio and the supplied 21.4-month liquidity measure indicate substantial reported short-term coverage even as profitability weakened.

Financial Health Signals

Financial Health Score 33/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Future Fuel Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Future Fuel Corporation has an operating margin of -55.4%, meaning the company loses $55 on every $100 of revenue. This results in a profitability score of 10/100. This is down from 2.6% the prior year.

Growth

Future Fuel Corporation's revenue declined 60.7% year-over-year, from $243.3M to $95.7M. This contraction results in a growth score of 1/100.

Leverage

Liquidity

With a current ratio of 6.12, Future Fuel Corporation holds $6.12 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 94/100.

Cash Flow

Future Fuel Corporation's operations used $28.7M of cash, and capex of $17.2M added to the outflow, for a free cash flow shortfall of $46.0M. This results in a cash flow score of 8/100.

Returns

Future Fuel Corporation posts a -30.4% return on equity (ROE), meaning it loses $30 for every $100 of shareholders' equity. This results in a returns score of 12/100. This is down from 7.5% the prior year.

Altman Z-Score Safe

3.85

Future Fuel Corporation scores 3.85, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $250.5M against total liabilities of $37.7M. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

2/8

Future Fuel Corporation passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality No Cash Backing

N/A

Future Fuel Corporation reported a net loss of $49.4M while operations used $28.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Future Fuel Corporation reported an operating loss of $53.0M against $153K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$78.7M

YoY+120.7%

QoQ+146.4%

5Y CAGR+1.2%

10Y CAGR+1.5%

Future Fuel Corporation generated $78.7M in revenue in Q2 2026. This represents an increase of 120.7% from the same quarter a year earlier. Against the prior quarter it is up 146.4%.

EBITDA

$14.0M

YoYn/m

QoQn/m

Future Fuel Corporation's EBITDA was $14.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Net Income

$11.4M

YoYn/m

QoQn/m

5Y CAGR+26.7%

10Y CAGR-2.2%

Future Fuel Corporation reported $11.4M in net income in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

EPS (Diluted)

$0.25

YoYn/m

QoQn/m

Future Fuel Corporation earned $0.25 per diluted share (EPS) in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Cash & Balance Sheet

Free Cash Flow

$10.8M

YoYn/m

QoQn/m

5Y CAGR-1.6%

10Y CAGR-13.0%

Future Fuel Corporation generated $10.8M in free cash flow in Q2 2026, representing cash available after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Cash & Debt

$34.4M

YoY-63.9%

QoQ+53.6%

5Y CAGR-18.8%

10Y CAGR-15.0%

Future Fuel Corporation held $34.4M in cash as of Q2 2026; no long-term debt figure is on record for that period.

Dividends Per Share

$0.01

QoQ0.0%

Future Fuel Corporation paid $0.01 per share in dividends in Q2 2026. It is unchanged from the prior quarter.

Shares Outstanding

44M

YoY+0.1%

QoQ0.0%

Future Fuel Corporation had 44M shares outstanding in Q2 2026. This represents an increase of 0.1% from the same quarter a year earlier. It is unchanged from the prior quarter.

Margins & Returns

Gross Margin

19.1%

YoY+53.8pp

QoQ+68.7pp

5Y change+19.1pp

Future Fuel Corporation's gross margin was 19.1% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 53.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 68.7 percentage points.

Operating Margin

14.3%

YoY+57.9pp

QoQ+79.5pp

Future Fuel Corporation's operating margin was 14.3% in Q2 2026, reflecting core business profitability. This is up 57.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 79.5 percentage points.

Net Margin

14.4%

YoY+54.2pp

QoQ+78.9pp

5Y change+9.7pp

10Y change-6.5pp

Future Fuel Corporation's net profit margin was 14.4% in Q2 2026, showing the share of revenue converted to profit. This is up 54.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 78.9 percentage points.

Return on Equity

7.4%

YoY+15.3pp

QoQ+21.9pp

5Y change+6.1pp

10Y change+4.0pp

Future Fuel Corporation's quarterly ROE was 7.4% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 15.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 21.9 percentage points.

Capital Allocation

R&D Spending

$692K

YoY-25.8%

QoQ-17.6%

Future Fuel Corporation invested $692K in research and development in Q2 2026. This represents a decrease of 25.8% from the same quarter a year earlier. Against the prior quarter it is down 17.6%.

Capital Expenditures

$8.0M

YoY+46.0%

QoQ+48.3%

5Y CAGR+87.8%

10Y CAGR+19.4%

Future Fuel Corporation invested $8.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 46.0% from the same quarter a year earlier. Against the prior quarter it is up 48.3%.

Share Buybacks

Not reported for Q2 2026.

FF Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FF quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$153.2M	$95.7M-60.7%	$243.3M-33.9%	$368.3M-7.0%	$396.0M+23.2%	$321.4M+57.2%	$204.5M-0.4%	$205.2M-29.5%	$291.0M+5.8%	$275.0M+8.6%	$253.2M+7.9%	$234.6M-22.5%	$302.7M-30.5%	$435.5M+28.5%	$338.8M+11.2%	$304.6M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$191.8M-14.5%	$224.2M+17.0%	$191.7M-17.8%	$233.1M+9.3%	$213.2M-26.4%	$289.8M+5.2%	$275.4M+15.8%	$237.9M
Gross Profit	-$12.7M	-$39.4M-300.7%	$19.6M-52.1%	$41.0M+41.3%	$29.0M+23.2%	$23.5M-24.8%	$31.3M-57.8%	$74.1M+1.0%	$73.4M+262.3%	$20.3M-56.8%	$46.9M-17.9%	$57.0M-13.5%	$66.0M-34.1%	$100.2M+75.0%	$57.3M-7.3%	$61.8M
R&D Expenses	$3.1M	$3.9M-3.2%	$4.0M-9.2%	$4.4M+28.8%	$3.4M-2.0%	$3.5M+16.6%	$3.0M-6.4%	$3.2M-9.4%	$3.5M-3.7%	$3.7M+34.8%	$2.7M-0.9%	$2.7M-13.5%	$3.2M-8.0%	$3.4M0.0%	$3.4M-1.9%	$3.5M
SG&A Expenses	$11.8M	$9.7M+4.5%	$9.3M+0.7%	$9.2M+14.7%	$8.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$10.1M
Operating Income	-$27.6M	-$53.0M-931.6%	$6.4M-76.7%	$27.4M+56.0%	$17.5M+36.0%	$12.9M-42.3%	$22.3M-65.8%	$65.3M+2.9%	$63.4M+541.6%	$9.9M-72.9%	$36.5M-22.2%	$47.0M-16.3%	$56.1M-37.8%	$90.3M+95.8%	$46.1M-10.7%	$51.6M
EBITDA	N/A	-$43.3M-378.1%	$15.6M-58.7%	$37.7M+34.7%	$28.0M+19.9%	$23.4M-30.3%	$33.5M-56.7%	$77.4M+3.7%	$74.7M+246.8%	$21.5M-54.5%	$47.3M-17.2%	$57.2M-12.2%	$65.1M-35.3%	$100.6M+77.9%	$56.5M-6.9%	$60.7M
Interest Expense	$150K	$153K+10.9%	$138K0.0%	$138K+7.8%	$128K-2.3%	$131K-13.2%	$151K-12.7%	$173K0.0%	$173K+0.6%	$172K-0.6%	$173K+29.1%	$134K+436.0%	$25K+4.2%	$24K-11.1%	$27K-85.3%	$184K
Income Tax	$227K	$165K-79.2%	$792K+79100.0%	$1Kn/m	-$1.5Mn/m	-$10.3Mn/m	-$14.8Mn/m	-$8.4M-219.5%	$7.0Mn/m	-$6.9Mn/m	-$15.5M-385.2%	$5.4M-61.5%	$14.1M-39.3%	$23.3M+13.3%	$20.6M+12.6%	$18.3M
Net Income	-$26.3M	-$49.4M-418.6%	$15.5M-58.5%	$37.4M+145.8%	$15.2M-42.1%	$26.3M-43.6%	$46.6M-47.2%	$88.2M+65.9%	$53.2M+126.1%	$23.5M-58.3%	$56.3M+21.4%	$46.4M-12.7%	$53.2M-28.1%	$74.0M+115.8%	$34.3M-0.6%	$34.5M
EPS (Basic)	N/A	-$1.13-422.9%	$0.35-58.8%	$0.85+142.9%	$0.35-41.7%	$0.60-43.4%	$1.06-47.5%	$2.02+65.6%	$1.22+125.9%	$0.54-58.1%	$1.29+21.7%	$1.06-13.1%	$1.22-28.7%	$1.71+106.0%	$0.83-2.4%	$0.85
EPS (Diluted)	-$0.71	-$1.13-422.9%	$0.35-58.8%	$0.85+142.9%	$0.35-41.7%	$0.60-43.4%	$1.06-47.5%	$2.02+65.6%	$1.22+125.9%	$0.54-58.1%	$1.29+21.7%	$1.06-13.1%	$1.22-28.7%	$1.71+106.0%	$0.83-1.2%	$0.84
Diluted Shares (Avg)	N/A	44M+0.2%	44M0.0%	44M0.0%	44M0.0%	44M0.0%	44M0.0%	44M0.0%	44M+0.1%	44M+0.3%	44M+0.2%	43M+0.1%	43M+0.3%	43M+4.3%	42M+1.5%	41M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$78.7M+120.7%	$32.0M+82.2%	$19.8M-67.7%	$22.7M-55.6%	$35.7M-50.7%	$17.5M-69.9%	$61.5M-33.1%	$51.1M-56.2%
Cost of Revenue	N/A	N/A	N/A	N/A	$47.4M	$32.2M	N/A	N/A
Gross Profit	$15.0Mn/m	-$15.9Mn/m	-$5.0M-189.6%	-$6.8M-1883.6%	-$12.4M-243.2%	-$15.2M-403.3%	$5.6M-76.8%	$383K-90.1%
R&D Expenses	$692K-25.8%	$840K-39.6%	$687K-42.3%	$855K-12.8%	$933K+1.9%	$1.4M+53.5%	$1.2M	$981K-15.6%
SG&A Expenses	$3.1M+38.2%	$4.1M+43.7%	$2.5M-9.2%	$2.0M-10.5%	$2.2M-2.7%	$2.9M+51.6%	$2.8M	$2.3M
Operating Income	$11.3Mn/m	-$20.8Mn/m	-$8.2M-611.4%	-$9.7Mn/m	-$15.6M-385.3%	-$19.5M-985.5%	$1.6M	-$2.9M-1072.4%
EBITDA	$14.0Mn/m	-$18.3Mn/m	-$5.7M-246.9%	-$7.3Mn/m	-$13.1M-273.0%	-$17.1M-456.0%	$3.9M	-$725K-125.2%
Interest Expense	$30K+15.4%	$29K-19.4%	-$35K-202.9%	$126K+260.0%	$26K-23.5%	$36K+2.9%	$34K	$35K-2.8%
Income Tax	$69K-62.3%	$8Kn/m	$177K+12.7%	-$27Kn/m	$183K+2950.0%	-$168K-126.6%	$157K	-$3K-125.0%
Net Income	$11.4Mn/m	-$20.6Mn/m	-$7.8M-378.4%	-$9.3Mn/m	-$14.2M-248.3%	-$18.1M-517.9%	$2.8M-88.0%	-$1.2M-143.0%
EPS (Basic)	$0.25n/m	-$0.47n/m	-$0.28	-$0.21n/m	-$0.32-245.5%	-$0.41-510.0%	$0.06-88.7%	-$0.03-150.0%
EPS (Diluted)	$0.25n/m	-$0.47n/m	-$0.28	-$0.21n/m	-$0.32-245.5%	-$0.41-510.0%	$0.06-88.7%	-$0.03-150.0%
Diluted Shares (Avg)	44M+0.5%	44M+0.5%	N/A	44M+0.1%	44M+0.1%	44M+0.1%	N/A	44M0.0%

FF Balance Sheet

FF quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$200.3M-19.1%	$247.7M-32.5%	$367.1M+3.1%	$356.0M+3.4%	$344.3M-22.0%	$441.3M-24.8%	$586.5M+24.5%	$471.2M+10.7%	$425.6M-19.6%	$529.0M+8.2%	$489.1M+6.0%	$461.5M+11.4%	$414.4M+16.7%	$355.2M-7.8%	$385.2M
Current Assets	$108.6M-34.1%	$164.8M-43.3%	$290.5M+6.1%	$273.8M+7.0%	$255.8M-25.3%	$342.6M-28.8%	$480.9M+32.7%	$362.3M+16.7%	$310.4M-23.4%	$405.3M+12.6%	$359.8M+8.6%	$331.5M+17.0%	$283.3M+32.4%	$213.9M-11.8%	$242.5M
Cash & Equivalents	$51.3M-53.2%	$109.5M-50.1%	$219.4M+24.9%	$175.6M+27.7%	$137.5M-30.6%	$198.1M-18.6%	$243.3M+13.2%	$215.0M+87.5%	$114.6M-42.5%	$199.3M+29.4%	$154.0M+24.2%	$124.1M+43.5%	$86.5M+47.2%	$58.7M-34.6%	$89.7M
Short-Term Investments	$0n/m	$0n/m	$0-100.0%	$37.1M-21.3%	$47.2M-26.7%	$64.4M-12.5%	$73.6M-7.8%	$79.9M-33.8%	$120.7M+13.7%	$106.1M+42.2%	$74.7M-14.9%	$87.7M-15.9%	$104.3M+18.8%	$87.8M+55.9%	$56.3M
Inventory	$29.3M+42.1%	$20.6M-18.7%	$25.4M-5.1%	$26.8M-0.6%	$26.9M-20.6%	$33.9M-9.8%	$37.6M-4.4%	$39.3M-10.2%	$43.8M-16.0%	$52.1M-19.8%	$65.0M+43.2%	$45.4M+7.6%	$42.2M+0.4%	$42.0M-26.9%	$57.4M
Accounts Receivable	$9.4M-57.0%	$21.9M-22.9%	$28.4M+8.4%	$26.2M-10.6%	$29.3M+37.1%	$21.4M-80.6%	$110.3M+576.7%	$16.3M-25.8%	$22.0M-9.8%	$24.4M-47.4%	$46.3M-7.6%	$50.1M+75.2%	$28.6M+25.6%	$22.8M-35.9%	$35.6M
Long-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0
Total Liabilities	$37.7M-10.0%	$41.9M-26.8%	$57.2M-21.6%	$73.0M+31.7%	$55.4M-20.2%	$69.4M-41.9%	$119.4M+45.5%	$82.1M+11.0%	$74.0M-62.3%	$196.2M+107.0%	$94.8M-7.5%	$102.5M+19.4%	$85.9M-9.5%	$94.9M-2.2%	$97.0M
Current Liabilities	$17.7M-46.7%	$33.3M-19.4%	$41.3M-26.3%	$56.1M+60.0%	$35.1M+6.3%	$33.0M-60.1%	$82.8M+109.6%	$39.5M+11.9%	$35.3M-75.5%	$144.0M+196.7%	$48.6M-6.8%	$52.1M+28.9%	$40.4M+11.5%	$36.2M+1.2%	$35.8M
Non-Current Liabilities	$19.9M+132.9%	$8.6M-46.0%	$15.9M-6.0%	$16.9M-17.1%	$20.3M-44.2%	$36.4M-0.6%	$36.6M-14.0%	$42.6M+10.1%	$38.7M-25.9%	$52.2M+12.8%	$46.2M-8.2%	$50.4M+10.8%	$45.5M-22.5%	$58.7M-4.1%	$61.2M
Total Equity	$162.6M-21.0%	$205.8M-33.6%	$309.9M+9.5%	$283.0M-2.1%	$288.9M-22.3%	$371.9M-20.4%	$467.1M+20.1%	$389.1M+10.7%	$351.6M+5.6%	$332.8M-15.6%	$394.3M+9.8%	$359.0M+9.3%	$328.6M+26.2%	$260.3M-9.7%	$288.2M
Retained Earnings	-$41.1M-10839.4%	$383K-98.6%	$27.4M+5291.1%	$508K-91.9%	$6.3M-93.0%	$89.5M-51.5%	$184.6M+72.6%	$106.9M+74.8%	$61.2M+27.0%	$48.2M-57.4%	$113.0M+46.6%	$77.1M+72.0%	$44.8M+6377.2%	$692K-97.9%	$32.9M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$215.0M-2.4%	$179.0M-23.3%	$200.3M-19.1%	$203.5M-20.7%	$220.3M-15.6%	$233.4M-36.1%	$247.7M-32.5%	$256.5M-25.8%
Current Assets	$116.3M-11.2%	$84.1M-43.6%	$108.6M-34.1%	$112.8M-36.0%	$130.9M-28.7%	$149.1M-48.5%	$164.8M-43.3%	$176.2M-34.0%
Cash & Equivalents	$34.4M-63.9%	$22.4M-77.0%	$51.3M-53.2%	$85.6M-35.9%	$95.2M-17.3%	$97.1M-51.7%	$109.5M-50.1%	$133.4M-35.2%
Short-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m
Inventory	$40.7M+246.6%	$31.1M-4.0%	$29.3M+42.1%	$6.1M-75.3%	$11.7M-60.2%	$32.4M-42.2%	$20.6M-18.7%	$24.9M-7.6%
Accounts Receivable	$20.1M+83.7%	$13.3M+67.9%	$9.4M-57.0%	$7.9M-50.7%	$10.9M-67.2%	$7.9M-67.5%	$21.9M-22.9%	$16.0M-45.9%
Long-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m
Total Liabilities	$62.0M+54.6%	$37.1M-5.5%	$37.7M-10.0%	$34.4M-20.4%	$40.1M-14.3%	$39.2M-75.6%	$41.9M-26.8%	$43.2M-11.6%
Current Liabilities	$28.6M-7.5%	$17.6M-42.5%	$17.7M-46.7%	$25.3M-14.6%	$30.9M-6.6%	$30.5M-78.9%	$33.3M-19.4%	$29.7M-7.7%
Non-Current Liabilities	$33.3M+264.6%	$19.5M+124.8%	$19.9M+132.9%	$9.0M-33.1%	$9.1M-33.0%	$8.7M-45.9%	$8.6M-46.0%	$13.5M-19.0%
Total Equity	$153.1M-15.1%	$141.9M-26.9%	$162.6M-21.0%	$169.1M-20.7%	$180.3M-15.9%	$194.2M-5.2%	$205.8M-33.6%	$213.3M-28.2%
Retained Earnings	-$50.4Mn/m	-$61.7Mn/m	-$41.1M-10839.4%	-$37.0M-541.8%	-$25.6M-368.0%	-$11.5Mn/m	$383K-98.6%	$8.4M-42.3%

Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.

FF Cash Flow Statement

FF quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	-$29.8M	-$28.7M-215.9%	$24.8M+16.4%	$21.3M-59.4%	$52.5M+19.0%	$44.1M-54.3%	$96.4M+178.3%	$34.6M-59.5%	$85.6M+117.6%	$39.3M-56.7%	$91.0M+129.6%	$39.6M-23.7%	$52.0M-16.8%	$62.5M-3.8%	$64.9M+28.7%	$50.4M
Depreciation & Amortization	N/A	$9.7M+4.9%	$9.2M-11.0%	$10.3M-1.0%	$10.5M0.0%	$10.5M-6.3%	$11.2M-7.8%	$12.1M+7.7%	$11.2M-3.6%	$11.6M+7.6%	$10.8M+6.2%	$10.2M+13.4%	$9.0M-12.9%	$10.3M-1.3%	$10.5M+14.9%	$9.1M
Stock-Based Compensation	N/A	$1.0M+180.8%	$359Kn/m	$0-100.0%	$46Kn/m	$0-100.0%	$49K+133.3%	$21K-94.1%	$357K-64.2%	$998K-47.7%	$1.9M-6.6%	$2.0M+41.9%	$1.4Mn/m	$0-100.0%	$281K-44.0%	$502K
Capital Expenditures	$21.1M	$17.2M+17.6%	$14.7M+143.6%	$6.0M+26.0%	$4.8M+228.2%	$1.5M-67.4%	$4.5M-36.0%	$7.0M+43.2%	$4.9M+35.9%	$3.6M-20.3%	$4.5M-37.8%	$7.2M-11.0%	$8.1M-56.2%	$18.5M+103.5%	$9.1M-60.7%	$23.2M
Free Cash Flow	-$50.9M	-$46.0M-553.7%	$10.1M-33.7%	$15.3M-68.0%	$47.7M+11.8%	$42.6M-53.6%	$91.9M+232.3%	$27.7M-65.7%	$80.7M+125.8%	$35.8M-58.6%	$86.5M+166.9%	$32.4M-26.1%	$43.8M-0.2%	$43.9M-21.3%	$55.8M+104.9%	$27.2M
Investing Cash Flow	-$22.7M	-$18.6Mn/m	-$14.8M-144.8%	$33.0Mn/m	-$3.8M-125.5%	$15.0M+3063.1%	$474K-88.8%	$4.2M-83.4%	$25.4Mn/m	-$13.2Mn/m	-$35.2M-1838.6%	$2.0M-69.8%	$6.7Mn/m	-$24.1Mn/m	-$32.6Mn/m	-$51.4M
Financing Cash Flow	-$8.3M	-$10.9Mn/m	-$119.9Mn/m	-$10.5Mn/m	-$10.5Mn/m	-$119.7Mn/m	-$142.1Mn/m	-$10.5Mn/m	-$10.7Mn/m	-$110.8Mn/m	-$10.5Mn/m	-$11.7Mn/m	-$21.0Mn/m	-$10.6Mn/m	-$63.3Mn/m	-$374K
Dividends Paid	$8.3M	$10.5M-91.2%	$119.9M+1041.7%	$10.5M0.0%	$10.5M-91.2%	$119.9M-15.4%	$141.7M+1250.0%	$10.5M0.0%	$10.5M-90.5%	$110.7M+954.9%	$10.5M0.0%	$10.5M-49.9%	$20.9M-30.0%	$29.9M-55.1%	$66.5M+309.4%	$16.3M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$18.8M+260.1%	-$20.0Mn/m	-$27.4Mn/m	-$1.1M-104.3%	$5.2M-81.3%	-$5.4Mn/m	-$16.6M-229.4%	$25.8M-47.4%
Depreciation & Amortization	$2.8M+15.1%	$2.6M+9.8%	$2.5M+10.0%	$2.4M+11.1%	$2.4M+12.4%	$2.3M-11.0%	$2.3M-12.5%	$2.2M-16.2%
Stock-Based Compensation	N/A	$305K+35.0%	N/A	N/A	N/A	$226K+927.3%	N/A	N/A
Capital Expenditures	$8.0M+46.0%	$5.4M+34.6%	$2.4M-40.3%	$5.3M+0.1%	$5.5M+82.7%	$4.0M+76.1%	$4.1M+295.2%	$5.3M+376.8%
Free Cash Flow	$10.8Mn/m	-$25.4Mn/m	-$29.9Mn/m	-$6.5M-131.5%	-$263K-101.1%	-$9.4Mn/m	-$20.7M-275.0%	$20.5M-57.3%
Investing Cash Flow	-$6.3Mn/m	-$6.3Mn/m	-$4.2Mn/m	-$5.8Mn/m	-$4.5Mn/m	-$4.1Mn/m	-$4.6M-239.7%	-$4.9Mn/m
Financing Cash Flow	-$439Kn/m	-$2.6Mn/m	-$2.6Mn/m	-$2.6Mn/m	-$2.6Mn/m	-$3.0Mn/m	-$2.6Mn/m	-$2.6Mn/m
Dividends Paid	$439K-83.3%	$2.6M+0.2%	$2.6M+0.1%	$2.6M+0.1%	$2.6M-97.7%	$2.6M+0.1%	$2.6M0.0%	$2.6M0.0%

Not reported in any period shown, so not listed: Share Buybacks.

FF Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FF quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	-41.2%-49.3pp	8.1%-3.1pp	11.1%+3.8pp	7.3%0.0pp	7.3%-8.0pp	15.3%-20.8pp	36.1%+10.9pp	25.2%+17.8pp	7.4%-11.1pp	18.5%-5.8pp	24.3%+2.5pp	21.8%-1.2pp	23.0%+6.1pp	16.9%-3.4pp	20.3%
Operating Margin	-55.4%-58.0pp	2.6%-4.8pp	7.4%+3.0pp	4.4%+0.4pp	4.0%-6.9pp	10.9%-20.9pp	31.8%+10.0pp	21.8%+18.2pp	3.6%-10.8pp	14.4%-5.6pp	20.0%+1.5pp	18.5%-2.2pp	20.7%+7.1pp	13.6%-3.3pp	16.9%
Net Margin	-51.6%-58.0pp	6.4%-3.8pp	10.2%+6.3pp	3.8%-4.3pp	8.2%-14.6pp	22.8%-20.2pp	43.0%+24.7pp	18.3%+9.7pp	8.6%-13.7pp	22.3%+2.5pp	19.8%+2.2pp	17.6%+0.6pp	17.0%+6.9pp	10.1%-1.2pp	11.3%
Return on Equity	-30.4%-37.9pp	7.5%-4.5pp	12.1%+6.7pp	5.4%-3.7pp	9.1%-3.4pp	12.5%-6.4pp	18.9%+5.2pp	13.7%+7.0pp	6.7%-10.2pp	16.9%+5.2pp	11.8%-3.0pp	14.8%-7.7pp	22.5%+9.3pp	13.2%+1.2pp	12.0%
Return on Assets	-24.7%-30.9pp	6.3%-3.9pp	10.2%+5.9pp	4.3%-3.4pp	7.6%-2.9pp	10.5%-4.5pp	15.0%+3.7pp	11.3%+5.8pp	5.5%-5.1pp	10.7%+1.2pp	9.5%-2.0pp	11.5%-6.3pp	17.9%+8.2pp	9.7%+0.7pp	9.0%
Current Ratio	6.12+1.2x	4.95-2.1x	7.03+2.1x	4.88-2.4x	7.30-3.1x	10.39+4.6x	5.81-3.4x	9.18+0.4x	8.80+6.0x	2.81-4.6x	7.41+1.0x	6.36-0.6x	7.01+1.1x	5.90-0.9x	6.77
Liabilities-to-Equity	0.230.0x	0.200.0x	0.18-0.1x	0.26+0.1x	0.190.0x	0.19-0.1x	0.260.0x	0.210.0x	0.21-0.4x	0.59+0.3x	0.240.0x	0.290.0x	0.26-0.1x	0.360.0x	0.34
Asset Turnover	0.48-0.5x	0.980.0x	1.00-0.1x	1.11+0.2x	0.93+0.5x	0.46+0.1x	0.35-0.3x	0.620.0x	0.65+0.2x	0.480.0x	0.48-0.2x	0.66-0.4x	1.05+0.1x	0.95+0.2x	0.79
FCF Margin	-48.0%-52.2pp	4.2%0.0pp	4.2%-7.9pp	12.0%-1.2pp	13.3%-31.7pp	45.0%+31.5pp	13.5%-14.3pp	27.8%+14.8pp	13.0%-21.2pp	34.2%+20.4pp	13.8%-0.7pp	14.5%+4.4pp	10.1%-6.4pp	16.5%+7.5pp	8.9%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	19.1%+53.8pp	-49.6%+37.0pp	-25.3%-34.4pp	-30.1%-30.9pp	-34.7%-46.7pp	-86.6%-95.2pp	9.1%-17.1pp	0.8%-2.6pp
Operating Margin	14.3%+57.9pp	-65.2%	-41.5%-44.1pp	-42.9%-37.3pp	-43.6%-51.1pp	-111.0%	2.6%	-5.7%-5.9pp
Net Margin	14.4%+54.2pp	-64.4%	-39.2%-43.8pp	-41.1%-38.8pp	-39.8%-53.0pp	-103.2%	4.5%-20.9pp	-2.3%-4.7pp
Return on Equity	7.4%+15.3pp	-14.5%-5.2pp	-4.8%-6.1pp	-5.5%-5.0pp	-7.9%-12.3pp	-9.3%-11.4pp	1.4%-6.2pp	-0.6%-1.5pp
Return on Assets	5.3%+11.7pp	-11.5%-3.8pp	-3.9%-5.0pp	-4.6%-4.1pp	-6.4%-10.1pp	-7.8%-8.9pp	1.1%-5.2pp	-0.5%-1.3pp
Current Ratio	4.06-0.2x	4.79-0.1x	6.12+1.2x	4.46-1.5x	4.23-1.3x	4.88+2.9x	4.95-2.1x	5.94-2.4x
Liabilities-to-Equity	0.40+0.2x	0.26+0.1x	0.230.0x	0.200.0x	0.220.0x	0.20-0.6x	0.200.0x	0.200.0x
Asset Turnover	0.37+0.2x	0.18+0.1x	0.10-0.1x	0.11-0.1x	0.16-0.1x	0.08-0.1x	0.250.0x	0.20-0.1x
FCF Margin	13.7%+14.4pp	-79.4%-25.8pp	-150.5%	-28.5%-68.5pp	-0.7%-35.0pp	-53.6%-28.7pp	-33.6%-46.5pp	40.1%-1.1pp

Not reported in any period shown, so not listed: Debt-to-Equity.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Future Fuel Corporation FF	FY2025	$95.7M	-$49.4M	-51.6%	$250.5M	33/100
Core Molding Technologies, Inc. CMT	FY2025	$273.8M	$11.2M	4.1%	$204.7M	58/100
Aemetis, Inc. (DE) AMTX	FY2025	$197.6M	-$77.0M	-39.0%	$93.8M	51/100
Flexible Solutions International, Inc. FSI	FY2025	$38.5M	$787K	2.0%	$81.9M	61/100
Montauk Renewables, Inc. MNTK	FY2025	$176.4M	$1.7M	1.0%	$303.2M	28/100

Where Future Fuel Corporation Ranks

Frequently Asked Questions

What is Future Fuel Corporation's annual revenue?

Future Fuel Corporation (FF) reported $95.7M in total revenue for fiscal year 2025. This represents a -60.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Future Fuel Corporation's revenue growing?

Future Fuel Corporation (FF) revenue declined by 60.7% year-over-year, from $243.3M to $95.7M in fiscal year 2025.

Is Future Fuel Corporation profitable?

No, Future Fuel Corporation (FF) reported a net loss of $26.3M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $49.4M, with a net profit margin of -51.6%.

What is Future Fuel Corporation's EBITDA?

Future Fuel Corporation (FF) had EBITDA of -$43.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Future Fuel Corporation's gross margin?

Future Fuel Corporation (FF) had a gross margin of -41.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Future Fuel Corporation's operating margin?

Future Fuel Corporation (FF) had an operating margin of -55.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Future Fuel Corporation's net profit margin?

Future Fuel Corporation (FF) had a net profit margin of -51.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Future Fuel Corporation's return on equity (ROE)?

Future Fuel Corporation (FF) has a return on equity of -30.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Future Fuel Corporation's free cash flow?

Future Fuel Corporation (FF) recorded an outflow of $46.0M in free cash flow during fiscal year 2025. This represents a -553.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Future Fuel Corporation's operating cash flow?

Future Fuel Corporation (FF) recorded an outflow of $28.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Future Fuel Corporation's total assets?

Future Fuel Corporation (FF) had $200.3M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Future Fuel Corporation's capital expenditures?

Future Fuel Corporation (FF) invested $17.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Future Fuel Corporation spend on research and development?

Future Fuel Corporation (FF) invested $3.9M in research and development during fiscal year 2025.

How many shares does Future Fuel Corporation have outstanding?

Future Fuel Corporation (FF) had 44M shares outstanding as of fiscal year 2025.

What is Future Fuel Corporation's current ratio?

Future Fuel Corporation (FF) had a current ratio of 6.12 as of fiscal year 2025, which is generally considered healthy.

What is Future Fuel Corporation's liabilities-to-equity ratio?

Future Fuel Corporation (FF) had a liabilities-to-equity ratio of 0.23 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.

What is Future Fuel Corporation's return on assets (ROA)?

Future Fuel Corporation (FF) had a return on assets of -24.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Future Fuel Corporation's P/E ratio?

Future Fuel Corporation (FF) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $250.5M as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Future Fuel Corporation's price-to-sales ratio?

Future Fuel Corporation (FF) trades at 1.6x sales, its market capitalization divided by $153.2M revenue, trailing 12 months to June 30, 2026. The market capitalization is $250.5M as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

How does Future Fuel Corporation's liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, Future Fuel Corporation (FF) held $51.3M in cash, cash equivalents and investments, and reported an operating cash outflow of $28.7M over that year. Dividing the one by the other, the reported balance equals about 21 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

What is Future Fuel Corporation's Altman Z-Score?

Future Fuel Corporation (FF) has an Altman Z-Score of 3.85, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Future Fuel Corporation's Piotroski F-Score?

Future Fuel Corporation (FF) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Future Fuel Corporation's earnings high quality?

Future Fuel Corporation (FF) reported a net loss of $49.4M while operations used $28.7M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Future Fuel Corporation cover its interest payments?

Future Fuel Corporation (FF) reported an operating loss of $53.0M against $153K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Future Fuel Corporation?

Future Fuel Corporation (FF) scores 33 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.