Fuel Tech, Inc. (FTEK) stock
FTEKNasdaqIndustrial & Commercial Fans & Blowers & Air Purifing EquipFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Nov 3, 2026Score 9/3037% below fair value
$1.31−0.05 (-3.68%)
Close on Nov 13, 2026Market cap $40.89MP/E –Yield –
Fuel Tech gross margin
Gross margin is gross profit as a percentage of revenue.
Fuel Tech's gross margin for the twelve months ending Jun 30, 2026 was 44.7%. For fiscal 2025 it was 46.4%, against 42.3% the year before. The highest annual figure on record is 49.0% in fiscal 2021.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 46.4% | +4.2 |
| FY2024 | Dec 31, 2024 | 42.3% | −0.8 |
| FY2023 | Dec 31, 2023 | 43.0% | −0.2 |
| FY2022 | Dec 31, 2022 | 43.2% | −5.8 |
| FY2021 | Dec 31, 2021 | 49.0% | +1.9 |
| FY2020 | Dec 31, 2020 | 47.2% | +11.6 |
| FY2019 | Dec 31, 2019 | 35.5% | +0.1 |
| FY2018 | Dec 31, 2018 | 35.5% | −4.4 |
| FY2017 | Dec 31, 2017 | 39.9% | +5.8 |
| FY2016 | Dec 31, 2016 | 34.1% | −4.7 |
| FY2015 | Dec 31, 2015 | 38.8% | −5.7 |
| FY2014 | Dec 31, 2014 | 44.5% | +1.6 |
| FY2013 | Dec 31, 2013 | 42.8% | +1.1 |
| FY2012 | Dec 31, 2012 | 41.7% | −5.0 |
| FY2011 | Dec 31, 2011 | 46.8% | +4.0 |
| FY2010 | Dec 31, 2010 | 42.8% | +2.2 |
| FY2009 | Dec 31, 2009 | 40.6% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q2 FY2026 | Jun 30, 2026 | 41.2% | −4.3 |
| Q1 FY2026 | Mar 31, 2026 | 43.5% | −2.9 |
| Q4 FY2025 | Dec 31, 2025 | 44.6% | +2.3 |
| Q3 FY2025 | Sep 30, 2025 | 48.9% | +5.5 |
| Q2 FY2025 | Jun 30, 2025 | 45.5% | +3.6 |
| Q1 FY2025 | Mar 31, 2025 | 46.4% | +5.4 |
| Q4 FY2024 | Dec 31, 2024 | 42.3% | −8.8 |
| Q3 FY2024 | Sep 30, 2024 | 43.4% | −1.8 |
| Q2 FY2024 | Jun 30, 2024 | 41.9% | +5.4 |
| Q1 FY2024 | Mar 31, 2024 | 40.9% | +2.4 |
| Q4 FY2023 | Dec 31, 2023 | 51.1% | +8.3 |
| Q3 FY2023 | Sep 30, 2023 | 45.2% | −0.6 |
| Q2 FY2023 | Jun 30, 2023 | 36.6% | −5.5 |
| Q1 FY2023 | Mar 31, 2023 | 38.5% | −2.9 |
| Q4 FY2022 | Dec 31, 2022 | 42.8% | −7.4 |
| Q3 FY2022 | Sep 30, 2022 | 45.8% | −3.4 |
| Q2 FY2022 | Jun 30, 2022 | 42.1% | −7.4 |
| Q1 FY2022 | Mar 31, 2022 | 41.4% | −5.5 |
| Q4 FY2021 | Dec 31, 2021 | 50.2% | +8.3 |
| Q3 FY2021 | Sep 30, 2021 | 49.2% | −23.2 |
| Q2 FY2021 | Jun 30, 2021 | 49.5% | +35.8 |
| Q1 FY2021 | Mar 31, 2021 | 46.9% | +6.4 |
| Q4 FY2020 | Dec 31, 2020 | 41.9% | +41.3 |
| Q3 FY2020 | Sep 30, 2020 | 72.4% | +27.6 |
| Q2 FY2020 | Jun 30, 2020 | 13.7% | −29.9 |
| Q1 FY2020 | Mar 31, 2020 | 40.4% | +0.9 |
| Q4 FY2019 | Dec 31, 2019 | 0.6% | −36.7 |
| Q3 FY2019 | Sep 30, 2019 | 44.8% | +11.1 |
| Q2 FY2019 | Jun 30, 2019 | 43.6% | +12.1 |
| Q1 FY2019 | Mar 31, 2019 | 39.5% | +0.2 |
| Q4 FY2018 | Dec 31, 2018 | 37.3% | −4.7 |
| Q3 FY2018 | Sep 30, 2018 | 33.7% | −3.6 |
| Q2 FY2018 | Jun 30, 2018 | 31.4% | −5.8 |
| Q1 FY2018 | Mar 31, 2018 | 39.3% | −4.5 |
| Q4 FY2017 | Dec 31, 2017 | 42.0% | +22.7 |
| Q3 FY2017 | Sep 30, 2017 | 37.3% | −4.9 |
| Q2 FY2017 | Jun 30, 2017 | 37.2% | – |
| Q1 FY2017 | Mar 31, 2017 | 43.8% | – |
| Q4 FY2016 | Dec 31, 2016 | 19.3% | – |
| Q3 FY2016 | Sep 30, 2016 | 42.2% | – |
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