FUEL TECH, INC.
Close on Oct 19, 2026
- Market cap
- $42.72M
- P/E (TTM)
- –
- Dividend yield
- –
About Fuel Tech
Industrial & Commercial Fans & Blowers & Air Purifing Equip, SIC 3564
Fuel Tech develops and provides engineering technologies and chemical programs for air pollution control, process optimization, and water treatment. The company operates primarily through its Air Pollution Control and FUEL CHEM technology segments. Its products include nitrogen oxide reduction systems, such as selective catalytic reduction and selective non-catalytic reduction, electrostatic precipitators, flue gas conditioning, chemical injection systems, and dissolved gas infusion systems for water treatment. It serves industrial and electric utility clients, including operators of power plants, boilers, incinerators, pulp and paper mills, and district heating facilities.
The company is headquartered in Warrenville, Illinois, and employs 77 people, with 72 in North America and five in Europe. Fuel Tech operates internationally, with installations and programs across North America, Europe, South America, Mexico, South Africa, India, and the Pacific Rim. Its technologies are deployed on thousands of combustion units globally, supported by regional partnerships in nations including South Africa and India.
Summary of the business section of Fuel Tech's latest annual report, written by StockData.
Company profile
Company
- Legal name
- FUEL TECH, INC.
- Founded
- 1987
- Headquarters
- Warrenville, IL
- Address
- 27601 Bella Vista Parkway 60555
- Phone
- (630) 845-4431
- Website
- ftek.com
- Employees
- 77, Dec 31, 2025
- Industry
- Industrial & Commercial Fans & Blowers & Air Purifing Equip
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- RSM US LLP, Chicago, Illinois
Stock & identifiers
- Ticker
- FTEK
- Exchange
- Nasdaq
- Shares outstanding
- 31M, Jul 31, 2026
- Public float
- $70.88M, Jun 30, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- SEC CIK
- 846913
- CUSIP
- 359523107
- ISIN
- US3595231073
- EIN
- 20-5657551
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Vincent J. Arnone | President & CEO, Director | 549,513 |
| Ramesh Nuggihalli | President & CEO | 1,471 |
| William E. Cummings JR | Senior Vice President, Sales | 292,045 |
| Ellen T. Albrecht | Chief Financial Officer | 91,684 |
| Douglas G. Bailey | Director | 2,048,161 |
| Sharon L. Jones | Director | 83,973 |
| Dennis L. Zeitler | Director | 106,627 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr. Arnone | $788.34K | $833.31K | $466.18K | $149 | – |
| FY2024 Mr. Arnone | $449.48K | $316.31K | $354.63K | $83 | – |
| FY2023 Mr. Arnone | $913.49K | $810.08K | $508.80K | $83 | – |
| FY2022 | $603.14K | $409.96K | $388.82K | $92 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“At December 31, 2025 , we had 77 employees, 72 in North America, and five in Europe.”
Corporate history
Events identified from SEC filings