Read from its own SEC filings · nothing written, nothing inferred

Fuel Tech $FTEK

🫧 Edgar looked up FUEL TECH, INC. ($FTEK). Last filing: 8-K (7.01 Regulation FD Disclosure), 2026-09-18. 10 event filings (8-K) in the past twelve months.

🔖 Exposure: revenue $26.7M (FY2025). Experience: revenue up 6.1% on the year, up 2.4% a year over 4 years; operating margin -13.8%, up from -18.7%. Soundness: equity 84.6% of assets, return on equity -5.8%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $20.1M and $36.2M next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (23 filers, $50M+ revenue, its industry group): operating margin -13.8% against a 13.5% median; growth 6.1% against 5.8%.

FUEL TECH, INC. against its own record and its peers
Operating marginPeer median 13.5%-13.8%Revenue, on the yearPeer median 5.8%6.1%Equity of assetsPeer median 50.1%84.6%Return on equityPeer median 8.9%-5.8%Gold tick: the median of 22–22 peers with $50M+ revenue in industrial & commercial fans & blowers & air purifing equip

The figures, as filed

Fiscal year end2025-12-31
Revenue$27M
Revenue, on the year6.1%
Revenue, a year over the record2.4%
Operating margin−13.8%
Operating margin, prior year−18.7%
Net margin−8.7%
Research and development$2M · 7.5% of revenue
Free cash flow
Cash$12M
Total debt
Equity of assets84.6%
Return on equity−5.8%
Payout of profit
Dividend per share
Audited years read5

Peers: the median of 23 filers with $50M+ revenue in industrial & commercial fans & blowers & air purifing equip.

Recent filings

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets, no buy or sell views. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company

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