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FTEK

Fuel Tech, Inc.

Fuel Tech, Inc. is classed by the SEC under Industrial & Commercial Fans & Blowers & Air Purifing Equip (industry code 3564), based in Warrenville, IL. In its latest annual figures on file, for the fiscal year ended 2025-12-31, it reported revenue of $27 million and a loss of $2 million (its filed statements).

Product business Industrial & Commercial Fans & Blowers & Air Purifing Equip Warrenville, IL filings since 1997 9 of 9 filed
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Sector peers: TGENLBGJWPRTCVR

4.0/10headline grade
vs its business-model standard
1.3/10past 3.5/10present 7.2/10future

Three tenses, nine metrics. Unseen metrics stay unseen; the grade never fakes a number. Proxy era: provisional values, marked. Weighed as a product business: prior from its industry code (SEC 3564, Industrial & Commercial Fans & Blowers & Air Purifing Equip); the filing read can change it. All three tenses have at least two readings, so the archetype blend applies as printed.

The grade, in three tenses

Headline 4.0 out of ten, 9 of 9 metrics filed: past 1.3 out of ten, present 3.5 out of ten, future 7.2 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.

The nine metrics

  • Surviving crises (past): 1.5 out of ten. 3 warning events since 2017; the latest 2020-09-22. 15th percentile among 68 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Track record (past): 0.8 out of ten. -7.8% a year over 10 filed years; profitable in 1 of 10. 8th percentile among 64 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Shareholder treatment (past): 2.0 out of ten. Share count grew 0.7% a year. 0% of cash flow returned. Insiders: 0 sales, 2 purchases. 20th percentile among 57 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Financial health (present): 5.0 out of ten. ROE -6%: lost 6¢ per shareholder dollar. Leverage 15%: owes 15¢ per asset dollar. 50th percentile among 65 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Industry position (present): 1.6 out of ten. bottom 16% of 63 in its family; net margin -8.7%. 16th percentile among 63 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Leadership (present): 3.5 out of ten. bottom 35% of 55 in its family for leadership; chief executive since 2026. 35th percentile among 55 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-09).
  • Room to expand (future): 7.9 out of ten. top 21% of 63 in its family for room to expand. 79th percentile among 63 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Growth drivers (future): 8.4 out of ten. top 16% of 64 in its family for growth drivers. 84th percentile among 64 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Expectations vs reality (future): 3.9 out of ten. bottom 39% of 62 in its family for expectations against reality. 39th percentile among 62 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).

The filing record

Newest annual report: Form 10-K filed 2026-03-03 for the period ended 2025-12-31 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-08-04 for the period ended 2026-06-30 (on EDGAR). Newest results release: Form 8-K filed 2026-08-04 (on EDGAR). Newest filing: Form SCHEDULE 13G/A, 2026-10-07. Filings on record since 1997. Read from EDGAR 2026-10-12.

Where the revenue comes from

Lines of business in fiscal 2025: FUELCHEM 67%, Air Pollution Control 33%. By geography: United States 79%, Pacific Rim and Other Geographical Areas 9%, Europe 8%, Americas 3%, South Africa 1%. As tagged in its annual report (Form 10-K, filed 2026-03-03).

Who runs it

Nuggihalli, Ramesh (President & CEO); Arnone, Vincent J (President & CEO); Bailey, Douglas G (Executive Chairman); Cummings, William E Jr (Senior Vice President, Sales); Albrecht, Ellen T (Chief Financial Officer); Jones, Sharon L (director); Zeitler, Dennis L (director). 7 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-09-30.

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