profit from every $100 of sales.
$0$100
Fuel Tech
$1.31-3.68% today
-29.6% in 1 year
1-year low $1.191-year high $2.21
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What Fuel Tech sold, what it kept, and what it did with the cash.
Sales went from $26.9 million in 2022 to $26.7 million in 2025, with -$2.32 million of profit last year.
SalesProfit
Fuel Tech vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Fuel Tech | No profit yet | ||
 Veralto | 30.6× · Expensive | ||
 Zurn Elkay Water Solutions | 38.2× · Expensive | ||
 Federal Signal | 28.5× · Fair price | ||
 CECO Environmental | 63.5× · Very expensive |
AI analysis
An AI analyst reads Fuel Tech's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 27 | 27 | 25 | 27 | |
| 12 | 12 | 11 | 12 | |
| -2 | -3 | -5 | -4 | |
| -1 | -1 | -4 | -3 | |
| -1 | -2 | -2 | -2 | |
| -0.05 | -0.05 | -0.06 | -0.08 | |
| 43.2% | 43.0% | 42.3% | 46.4% | |
| -5.7% | -9.8% | -18.7% | -13.8% | |
| -5.4% | -5.7% | -7.7% | -8.7% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 50 | 50 | 49 | 47 |
| Cash | 23 | 18 | 9 | 12 |
| Total debt | 0 | 1 | 1 | 1 |
| Total liabilities | 5 | 7 | 7 | 7 |
| 45 | 44 | 42 | 40 | |
| 30 | 30 | 31 | 31 | |
| -2.4% | -2.6% | -8.7% | -7.2% | |
| -3.2% | -3.5% | -4.6% | -5.8% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -4 | 1 | -3 | 3 | |
| 0 | 0 | 0 | 1 | |
| -4 | 0 | -4 | 2 | |
| Dividends paid | – | – | – | – |
| – | – | – | – | |
| 0 | 0 | 0 | 0 |
Valuation
- –
- –
- –
- 1.2×
- 1.5×
- 17.4×
- –
- 5.7%
- -5.7%
- 0.0%
Profitability
- 46.4%
- -13.8%
- -8.7%
- -12.5%
- -10.9%
- -3.4%
- -7.3%
- -6.6%
- -10.9%
- 7.5%
Growth
- −0.3%
- –
- +161.5%
- –
- +1.1%
Financial health
- -3.8×
- 0.01
- 1.3%
- –
- 5.44
- 5.37
- 0.59
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 2%of 983
Bottom 3%of 991
Bottom 17%of 990
Top 34%of 988
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 5, 2026 | -0.04 | – | – |
| Mar 3, 2026 | -0.04 | -0.03 | −33.3% |
| Nov 4, 2025 | 0.01 | 0.01 | +0.0% |
| Aug 5, 2025 | -0.02 | -0.03 | +33.3% |
| May 12, 2025 | -0.02 | -0.02 | +0.0% |
| Mar 4, 2025 | -0.06 | -0.03 | −100.0% |
| Nov 6, 2024 | 0.00 | – | – |
| Aug 6, 2024 | -0.01 | -0.01 | −49.9% |
News
Cerebras shares jump 16% as earnings beat and Microsoft deal fuel raised outlookYahoo Finance · Nov 13, 2026Stock Market Today: Nasdaq Jumps As CoreWeave Results Fuel AI Stampede; Bloom Energy, Dell Soar (Live Coverage)Yahoo Finance · Nov 11, 2026Gas prices are finally below $4 a gallon, but Thanksgiving fuel costs will still be the highest since 2000MarketWatch · Nov 9, 2026Bloom Energy Jumps 8%, FuelCell Energy Rises 3% as Fuel Cell Stocks Rebound; Plug Power Holds Steady Ahead of EarningsYahoo Finance · Nov 9, 2026APi Group (APG): Margin Expansion and Share Buybacks Fuel Fire & Elevator Services ExpansionYahoo Finance · Nov 5, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
35No pass
Benjamin Graham
66Pass
Philip Fisher
32No pass
Peter Lynch
30No pass
Joel Greenblatt
2No pass
Charlie Munger
33No pass
Terry Smith
24No pass
Questions about Fuel Tech
Is Fuel Tech a good stock to buy?
A business with weak numbers that is not profitable yet. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Fuel Tech AI analysis
What does Fuel Tech do?
Fuel Tech, Inc. provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. It operates through two segments, Air Pollution Control Technology and FUEL CHEM Technology. It is in Industrial - Pollution & Treatment Controls.
Does Fuel Tech pay a dividend?
No. Fuel Tech does not pay a dividend at the moment.
Is Fuel Tech stock halal?
Questionable. Fuel Tech sits in a grey zone: short-term investments may earn interest; type not reported. How we check
How has Fuel Tech stock done over the past year?
Down 29.6% over the past twelve months, to $1.31. It traded between $1.19 and $2.21 and is 40.7% below its high.
Who are Fuel Tech's competitors?
The largest listed companies in the same industry are Veralto, Zurn Elkay Water Solutions, Federal Signal and CECO Environmental. The peers table on this page compares their profit, growth and price with Fuel Tech's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.