Fuel Tech, Inc. (FTEK) Financials
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 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FTEK SEC filings page.
Fuel Tech, Inc. (FTEK) reported $27.3M in revenue over the twelve months to Jun 30, 2026, up 8.9% 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).
Fuel Tech’s 2025 rebound came from better gross margins and working-capital release, but operating costs still keep the business loss-making.
In FY2025, positive operating cash flow of$3.0M alongside a net loss of$2.3M points to working-capital timing rather than profitable operations. Receivables fell from$9.4M to$5.4M , indicating that collecting previously recorded sales helped fund cash generation.
The 2025 revenue recovery restored gross profit above FY2024, while gross margin expanded to
The balance sheet remains relatively liquid, with a current ratio of 5.1x and debt-to-equity of 0.2x. However, liabilities increased while assets and equity contracted across FY2024-FY2025, so the company is operating with a shrinking capital cushion despite limited debt.
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. 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 Fuel Tech, Inc.'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.
Fuel Tech, Inc. held $31.9M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations generated $3.0M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Fuel Tech, Inc. scores 86/100 among other emerging companies.
Fuel Tech, Inc. had 31M shares outstanding at the end of fiscal year 2025, against 31M in fiscal year 2024. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Fuel Tech, Inc. scores 71/100 among other emerging companies.
Fuel Tech, Inc. spent $2.0M on research and development in fiscal year 2025, which was 6.6% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Fuel Tech, Inc. scores 28/100 among other emerging companies.
Fuel Tech, Inc. reported revenue of $26.7M in fiscal year 2025, against $25.1M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Fuel Tech, Inc. scores 43/100 among other emerging companies.
Not available for Fuel Tech, Inc., and counted as zero in the overall score.
Fuel Tech, Inc.'s cash, cash equivalents and investments came to $31.9M at the end of fiscal year 2025, against $7.2M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Fuel Tech, Inc. scores 87/100 among other emerging companies.
Fuel Tech, Inc. scores 1.66, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($52.1M) relative to total liabilities ($7.2M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Fuel Tech, Inc. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Fuel Tech, Inc. reported a net loss of $2.3M while generating $3.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Fuel Tech, Inc. generated $6.5M in revenue in Q2 2026. This represents an increase of 16.7% from the same quarter a year earlier. Against the prior quarter it is up 6.7%.
Fuel Tech, Inc.'s EBITDA was -$1.4M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 21.1% from the same quarter a year earlier. Against the prior quarter it is up 2.4%.
Fuel Tech, Inc. reported -$1.2M in net income in Q2 2026. This represents a decrease of 78.5% from the same quarter a year earlier. Against the prior quarter it is up 9.2%.
Fuel Tech, Inc. earned -$0.04 per diluted share (EPS) in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier. It is unchanged from the prior quarter.
Cash & Balance Sheet
Fuel Tech, Inc. recorded an outflow of $971K in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 1603.5% from the same quarter a year earlier. Against the prior quarter it is up 16.9%.
Fuel Tech, Inc. held $7.6M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Fuel Tech, Inc.'s gross margin was 41.3% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 4.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.2 percentage points.
Fuel Tech, Inc.'s operating margin was -24.1% in Q2 2026, reflecting core business profitability. This is down 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.1 percentage points.
Fuel Tech, Inc.'s net profit margin was -19.0% in Q2 2026, showing the share of revenue converted to profit. This is down 6.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.3 percentage points.
Fuel Tech, Inc.'s ROE was -3.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.
Capital Allocation
Fuel Tech, Inc. invested $646K in research and development in Q2 2026. This represents an increase of 31.8% from the same quarter a year earlier. Against the prior quarter it is up 23.3%.
Fuel Tech, Inc. spent $11K on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 94.4% from the same quarter a year earlier. Against the prior quarter it is down 67.6%.
Fuel Tech, Inc. invested $77K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 113.9% from the same quarter a year earlier. Against the prior quarter it is down 76.1%.
FTEK 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.5M+16.7% | $6.1M-4.7% | $7.2M+37.2% | $7.5M-4.6% | $5.6M-21.1% | $6.4M+28.7% | $5.3M-16.7% | $7.9M-1.7% |
| Cost of Revenue | $3.8M+25.8% | $3.4M+0.4% | $4.0M+31.7% | $3.8M-13.8% | $3.0M-25.9% | $3.4M+16.9% | $3.0M-1.7% | $4.4M+1.6% |
| Gross Profit | $2.7M+5.8% | $2.6M-10.6% | $3.2M+44.7% | $3.7M+7.5% | $2.5M-14.3% | $3.0M+45.8% | $2.2M-31.1% | $3.4M-5.7% |
| R&D Expenses | $646K+31.8% | $524K-8.1% | $504K+24.4% | $450K+24.7% | $490K+16.1% | $570K+51.6% | $405K+10.4% | $361K-29.6% |
| SG&A Expenses | $3.6M+7.4% | $3.7M+11.2% | $4.2M+5.3% | $3.2M-0.6% | $3.3M+3.1% | $3.3M-0.1% | $3.9M+7.3% | $3.2M+8.7% |
| Operating Income | -$1.6M-19.6% | -$1.6M-67.6% | -$1.4M+32.7% | $4K+102.2% | -$1.3M-82.9% | -$952K+43.7% | -$2.1M-164.2% | -$179K-234.6% |
| EBITDA | -$1.4M-21.1% | -$1.4M-80.3% | -$1.2M+36.1% | $167K+281.5% | -$1.1M-80.6% | -$788K+51.1% | -$1.9M-169.7% | -$92K-140.7% |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | $0-100.0% | $0-100.0% |
| Income Tax | $10K+150.0% | -$1K | $4K-93.2% | $7K+600.0% | $4K-33.3% | $0-100.0% | $59K-14.5% | $1K |
| Net Income | -$1.2M-78.5% | -$1.4M-83.4% | -$1.2M+36.3% | $303K+278.8% | -$689K-63.7% | -$739K-363.0% | -$1.9M-249.4% | $80K-82.6% |
| EPS (Basic) | -$0.04-100.0% | -$0.04-100.0% | -$0.04+33.3% | $0.01 | -$0.02-100.0% | -$0.02-300.0% | -$0.06-200.0% | $0.00-100.0% |
| EPS (Diluted) | -$0.04-100.0% | -$0.04-100.0% | -$0.04+33.3% | $0.01 | -$0.02-100.0% | -$0.02-300.0% | -$0.06-200.0% | $0.00-100.0% |
| Diluted Shares (Avg) | 31M+1.0% | 31M+1.2% | N/A | 31M+1.4% | 31M+1.3% | 31M-0.1% | N/A | 31M+0.7% |
FTEK Balance Sheet
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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $43.2M-8.1% | $44.5M-4.8% | $47.2M-3.3% | $47.9M-4.4% | $47.0M-4.1% | $46.7M-5.5% | $48.8M-3.2% | $50.1M-0.4% |
| Current Assets | $25.0M-19.3% | $27.2M-6.8% | $31.9M+7.8% | $32.0M+3.4% | $31.0M+2.3% | $29.1M-9.5% | $29.6M-22.7% | $30.9M-17.2% |
| Cash & Equivalents | $7.6M-28.0% | $9.1M-22.9% | $11.9M+40.3% | $13.7M+11.4% | $10.6M+1.8% | $11.8M+3.9% | $8.5M-51.6% | $12.3M-9.0% |
| Short-Term Investments | $12.0M-3.5% | $12.5M+25.1% | $12.9M+27.1% | $12.2M+49.3% | $12.4M+28.5% | $10.0M-16.0% | $10.2M-16.1% | $8.2M-44.9% |
| Inventory | $358K-41.9% | $364K-31.8% | $373K-6.0% | $402K-8.8% | $616K+33.3% | $534K-0.6% | $397K-9.6% | $441K+35.7% |
| Accounts Receivable | $3.9M-38.0% | $4.1M-27.0% | $5.4M-42.8% | $4.8M-47.5% | $6.3M-27.3% | $5.6M-20.7% | $9.4M+39.2% | $9.2M+19.6% |
| Long-Term Investments | $10.0M+25.9% | $9.0M-4.1% | $7.0M-35.7% | $8.0M-26.8% | $7.9M-23.5% | $9.4M+5.7% | $10.9M+196.8% | $10.9M+122.8% |
| Goodwill | $2.1M0.0% | $2.1M0.0% | $2.1M0.0% | $2.1M0.0% | $2.1M0.0% | $2.1M0.0% | $2.1M0.0% | $2.1M0.0% |
| Total Liabilities | $5.8M-8.1% | $5.9M+12.5% | $7.2M+5.9% | $6.9M+10.4% | $6.3M+16.8% | $5.3M-4.0% | $6.8M+2.5% | $6.3M+0.4% |
| Current Liabilities | $4.9M-7.8% | $5.0M+16.4% | $6.3M+7.1% | $5.9M+11.2% | $5.3M+18.8% | $4.3M-5.4% | $5.9M+2.9% | $5.3M-2.1% |
| Non-Current Liabilities | $919K-9.3% | $943K-4.2% | $974K-1.3% | $993K+5.9% | $1.0M+7.4% | $984K+2.5% | $987K+0.1% | $938K+17.3% |
| Total Equity | $37.4M-8.1% | $38.6M-7.0% | $39.9M-4.8% | $41.0M-6.5% | $40.7M-6.7% | $41.4M-5.7% | $42.0M-4.0% | $43.9M-0.5% |
| Retained Earnings | -$124.4M-2.9% | -$123.2M-2.4% | -$121.8M-1.9% | -$120.6M-2.6% | -$120.9M-2.7% | -$120.2M-2.5% | -$119.5M-1.7% | -$117.6M-0.5% |
Not reported in any period shown, so not listed: Long-Term Debt.
FTEK Cash Flow 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$894K-4157.1% | -$847K-156.2% | -$1.6M+4.9% | $3.1M+252.2% | -$21K+98.7% | $1.5M+240.3% | -$1.6M-640.3% | $879K+135.0% |
| Depreciation & Amortization | $178K+9.2% | $175K+6.7% | $173K+11.6% | $163K+87.4% | $163K+101.2% | $164K+105.0% | $155K+355.9% | $87K-6.5% |
| Stock-Based Compensation | $42K-58.8% | $56K-49.1% | N/A | N/A | $102K | $110K+5.8% | N/A | N/A |
| Capital Expenditures | $77K+113.9% | $322K+395.4% | $443K+614.5% | $130K+16.1% | $36K-60.0% | $65K-43.0% | $62K-71.4% | $112K+14.3% |
| Free Cash Flow | -$971K-1603.5% | -$1.2M-181.0% | -$2.0M-17.5% | $3.0M+286.7% | -$57K+96.6% | $1.4M+221.4% | -$1.7M-2043.2% | $767K+177.9% |
| Investing Cash Flow | -$588K+40.7% | -$1.9M-213.1% | -$220K+89.3% | $65K-93.0% | -$992K-242.9% | $1.7M+133.8% | -$2.1M-154.3% | $923K+147.6% |
| Financing Cash Flow | -$11K+94.4% | -$34K-41.7% | $0 | $0 | -$198K-108.4% | -$24K | $0 | $0 |
| Share Buybacks | $11K-94.4% | $34K+41.7% | $0 | $0 | $198K+108.4% | $24K | $0 | $0 |
Not reported in any period shown, so not listed: Dividends Paid.
FTEK 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.3%-4.3pp | 43.5%-2.9pp | 44.6%+2.3pp | 48.9%+5.5pp | 45.5%+3.6pp | 46.4%+5.4pp | 42.3%-8.8pp | 43.4%-1.8pp |
| Operating Margin | -24.1%-0.6pp | -26.3%-11.3pp | -19.7%+20.4pp | 0.1%+2.3pp | -23.5%-13.4pp | -14.9%+19.2pp | -40.1%-27.4pp | -2.3%-3.9pp |
| Net Margin | -19.0%-6.6pp | -22.3%-10.7pp | -16.5%+19.1pp | 4.0%+3.0pp | -12.4%-6.4pp | -11.6%-17.3pp | -35.6%-27.1pp | 1.0%-4.7pp |
| Return on Equity | -3.3%-1.6pp | -3.5%-1.7pp | -3.0%+1.5pp | 0.7%+0.6pp | -1.7%-0.7pp | -1.8%-2.4pp | -4.5%-3.3pp | 0.2%-0.9pp |
| Return on Assets | -2.9%-1.4pp | -3.0%-1.5pp | -2.5%+1.3pp | 0.6%+0.5pp | -1.5%-0.6pp | -1.6%-2.2pp | -3.9%-2.8pp | 0.2%-0.8pp |
| Current Ratio | 5.10-0.7x | 5.44-1.4x | 5.090.0x | 5.41-0.4x | 5.82-0.9x | 6.80-0.3x | 5.06-1.7x | 5.82-1.1x |
| Debt-to-Equity | 0.160.0x | 0.150.0x | 0.180.0x | 0.170.0x | 0.160.0x | 0.130.0x | 0.160.0x | 0.140.0x |
| Asset Turnover | 0.150.0x | 0.140.0x | 0.150.0x | 0.160.0x | 0.120.0x | 0.140.0x | 0.110.0x | 0.160.0x |
| FCF Margin | -15.0%-13.9pp | -19.2%-41.8pp | -27.7%+4.6pp | 39.6%+29.8pp | -1.0%+22.8pp | 22.6%+46.6pp | -32.4%-33.8pp | 9.8%+6.3pp |
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 |
|---|---|---|---|---|---|---|
| Fuel Tech, Inc. FTEK | FY2025 | $26.7M | -$2.3M | -8.7% | $52.1M | 53/100 |
| Zone Frontier Inc. ZONE | FY2026 | $3.4M | -$174.2M | N/A | $67.2M | 35/100 |
| 374Water Inc. SCWO | FY2025 | $215K | -$21.0M | N/A | $47.1M | — |
| Rain Enhancement Technologies Holdco, Inc. RAIN | FY2025 | N/A | N/A | N/A | $8.7M | — |
| Arq, Inc. ARQ | FY2025 | $120.3M | -$52.6M | -43.7% | $89.3M | 46/100 |
| LiqTech International, Inc. LIQT | FY2025 | $16.5M | -$8.5M | -51.7% | $15.4M | 30/100 |
Where Fuel Tech, Inc. Ranks
Frequently Asked Questions
What is Fuel Tech, Inc.'s annual revenue?
Fuel Tech, Inc. (FTEK) reported $26.7M in total revenue for fiscal year 2025. This represents a 6.1% 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 Fuel Tech, Inc.'s revenue growing?
Fuel Tech, Inc. (FTEK) revenue grew by 6.1% year-over-year, from $25.1M to $26.7M in fiscal year 2025.
Is Fuel Tech, Inc. profitable?
No, Fuel Tech, Inc. (FTEK) reported a net income of -$2.3M in fiscal year 2025, with a net profit margin of -8.7%.
What is Fuel Tech, Inc.'s EBITDA?
Fuel Tech, Inc. (FTEK) had EBITDA of -$3.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Fuel Tech, Inc.'s gross margin?
Fuel Tech, Inc. (FTEK) had a gross margin of 46.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Fuel Tech, Inc.'s operating margin?
Fuel Tech, Inc. (FTEK) had an operating margin of -13.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Fuel Tech, Inc.'s net profit margin?
Fuel Tech, Inc. (FTEK) had a net profit margin of -8.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Fuel Tech, Inc.'s return on equity (ROE)?
Fuel Tech, Inc. (FTEK) has a return on equity of -5.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Fuel Tech, Inc.'s free cash flow?
Fuel Tech, Inc. (FTEK) generated $2.3M in free cash flow during fiscal year 2025. This represents a 161.5% 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 Fuel Tech, Inc.'s operating cash flow?
Fuel Tech, Inc. (FTEK) generated $3.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Fuel Tech, Inc.'s total assets?
Fuel Tech, Inc. (FTEK) had $47.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Fuel Tech, Inc.'s capital expenditures?
Fuel Tech, Inc. (FTEK) invested $674K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Fuel Tech, Inc. spend on research and development?
Fuel Tech, Inc. (FTEK) invested $2.0M in research and development during fiscal year 2025.
What is Fuel Tech, Inc.'s current ratio?
Fuel Tech, Inc. (FTEK) had a current ratio of 5.09 as of fiscal year 2025, which is generally considered healthy.
What is Fuel Tech, Inc.'s debt-to-equity ratio?
Fuel Tech, Inc. (FTEK) had a debt-to-equity ratio of 0.18 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Fuel Tech, Inc.'s return on assets (ROA)?
Fuel Tech, Inc. (FTEK) had a return on assets of -4.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Fuel Tech, Inc.'s P/E ratio?
Fuel Tech, Inc. (FTEK) 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 $52.1M as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Fuel Tech, Inc.'s price-to-sales ratio?
Fuel Tech, Inc. (FTEK) trades at 1.9x sales, its market capitalization divided by revenue of $27.3M revenue, trailing 12 months to June 30, 2026. The market capitalization is $52.1M as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Fuel Tech, Inc.'s Altman Z-Score?
Fuel Tech, Inc. (FTEK) has an Altman Z-Score of 1.66, placing it in the Distress Zone (elevated 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 Fuel Tech, Inc.'s Piotroski F-Score?
Fuel Tech, Inc. (FTEK) has a Piotroski F-Score of 6 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 Fuel Tech, Inc.'s earnings high quality?
Fuel Tech, Inc. (FTEK) reported a net loss of $2.3M while generating $3.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, 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.
How financially healthy is Fuel Tech, Inc.?
Fuel Tech, Inc. (FTEK) scores 53 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), 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.