One plan - full access

No subscription, no auto-renewal, no hidden terms.
Pay once and use it for 30 days.

PRO plan No auto-renewal
$18

30 days of full access
One-time payment

🌐 US & Global Companies
Get access for 30 days →
♧ Secure payment · Instant access

What is included

  • ✓Full access to detailed company analysis
  • ✓Fundamental screener
  • ✓Advanced stock screener filters
  • ✓5 ratings. Separate lists for US & Global Companies and MOEX
  • ✓Company data export in XLSX and CSV
  • ✓MarketCap’s overall ranking of top companies
  • ✓Analytics updates after each new financial report
⚠ The service is not an investment advisor. Financial statement data from public companies is available to everyone - MarketCap structures and analyzes it.
Fuel Tech logo
Fuel Tech FTEK
$ 1.38 -3.5%
report update icon

Quarterly report 2026-Q3
added 11-03-2026

Fuel Tech Financial Ratios 2025-2008 | FTEK

Brief overview of Fuel Tech's valuation multiples

Ratios are assessed across five available annual reports in the 2012–2021 interval.

The latest available valuation ratios are P/E 684.84x (median 32.17x), EV/EBITDA 2.8x (median 11.03x), P/S 1.62x (median 1.52x). The combined ratio level is close to the company's five-year norm at a +3.3% deviation. No clear premium or discount is visible.

At the current P/E, inverse earnings yield is 0.1%, a useful bridge between price and business earnings.

End-period return metrics are ROE -5.8%, ROA -4.9%, ROCE -9.2%. Current return ratios are negative, materially weakening the fundamental profile.

Price, earnings and growth produce a PEG of 0.19x. A value below one indicates moderate pricing relative to expected growth.

The cash cycle changed only slightly and ended at 31.9 days.

Overall picture

Fuel Tech's profile looks neutral, with price and fundamental efficiency broadly aligned.

Annual Financial Ratios Fuel Tech

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
-18.6 -15.1 -23.1 -30.9 684.8 -29.0 -2.7 -1044.2 -2.5 -1.7 -3.3 -4.2 28.9 35.4 23.8 76.4 -107.3 -

P/S

1.6 1.2 1.3 1.7 1.5 5.5 0.7 0.5 0.6 0.5 0.6 0.9 1.3 1.0 1.6 1.6 3.5 -

EPS

-0.1 -0.1 -0.1 -0.1 - -0.2 -0.3 - -0.4 -0.0 -0.5 -0.8 0.2 0.1 0.3 0.1 -0.1 -

EV (Enterprise Value)

38.6 M 27.7 M 24.6 M 26.5 M 4.86 M 121 M 16.2 M 34.9 M 35.7 M 32.5 M 36.7 M 74.1 M 141 M 95.5 M 142 M 123 M 227 M -28.1 M

EBITDA per Share

-0.1 -0.14 -0.08 -0.04 -0.03 -0.133 -0.268 0.0527 -0.103 -0.335 -0.114 0.112 0.494 0.365 0.555 0.29 0.03 -

EV/EBITDA

-12.8 -6.4 -10.4 -22.5 -5.4 -35.0 -1.6 13.5 -8.0 -2.3 -7.5 22.2 11.0 8.9 8.9 17.2 316.9 -

PEG

-0.91 -0.94 0.19 0.18 -3.58 -0.65 0.0 -10.47 -0.07 0.05 -0.11 0.01 0.33 -0.67 0.09 - - -

P/B

1.1 0.7 0.8 1.0 0.8 5.6 0.8 0.9 0.8 0.7 0.7 1.0 1.7 1.2 1.6 1.6 - -

P/CF

14.4 -8.5 51.0 -10.8 48.6 -42.0 -5.3 6.7 -6.9 -8.1 6.8 -192.1 135.6 16.0 59.6 11.0 18.2 -

ROE %

-5.82 -4.63 -3.52 -3.22 0.12 -19.17 -30.00 -0.08 -31.98 -40.07 -20.99 -24.52 5.76 3.30 6.91 2.09 -2.95 -

ROA %

-4.93 -3.98 -3.05 -2.88 0.11 -14.22 -24.37 -0.05 -21.76 -30.09 -16.29 -19.38 4.63 2.62 5.44 1.70 - -

ROCE %

-9.00 -10.95 -5.95 -3.37 -3.18 -16.85 -27.42 1.24 -11.45 -25.89 -11.49 -2.42 8.95 6.12 10.68 4.61 -3.94 -

Current Ratio

6.5 7.1 7.5 9.5 13.2 3.8 4.4 2.4 2.1 2.9 3.2 3.1 3.4 2.9 2.9 5.3 - -

DSO

100.7 116.9 97.4 74.4 73.8 106.0 77.5 119.5 160.2 124.9 123.5 150.2 128.1 113.4 138.2 47.2 - -

DIO

9.8 10.5 9.8 8.8 6.6 3.0 4.9 9.6 12.7 10.2 13.4 9.2 2.6 3.3 2.3 - - -

DPO

78.6 67.1 60.7 51.0 57.8 72.1 39.3 95.1 121.9 63.3 72.4 60.8 57.9 82.3 76.7 29.3 - -

Operating Cycle

110.5 127.4 107.3 83.3 80.3 109.0 82.5 129.1 172.9 135.1 136.8 159.4 130.7 116.6 140.5 - - -

Cash Conversion Cycle

31.9 60.3 46.6 32.3 22.6 36.9 43.1 34.1 51.0 71.8 64.5 98.6 72.8 34.4 63.8 - - -

All numbers in USD currency

Quarterly Financial Ratios Fuel Tech

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

EPS

-0.01 -0.04 -0.04 -0.04 0.01 -0.02 -0.02 -0.06 - -0.01 0.01 -0.020000000000000004 0.02 -0.03 -0.01 -0.020000000000000004 0.01 -0.01 -0.03 -0.01 0.02 -0.03 0.01 -0.07 0.1 -0.1 -0.1 -0.18 -0.05 -0.04 -0.05 0.04 0.04 -0.07 -0.01 0.04 -0.01 -0.24 -0.07 -0.03 -0.1 -0.08 -0.03 -0.39 -0.01 -0.06 -0.07 -0.75 0.05 -0.03 -0.05 0.02 0.05 -0.03 -0.05 - 0.16 0.06 - 0.08000000000000002 0.11 0.02 0.06

EBITDA per Share

-0.02 -0.04 -0.05 -40 0.01 -0.04 -0.03 -50.1 - -0.02 -0.05 -0.08 0.01 -0.04 -0.02 -214 0.01 -0.01 -0.03 -2.28 0.02 -0.02 -0.04 -0.06 0.11 -0.09 -0.1 -0.27 -0.05 -0.03 -0.04 279 0.05 -0.06 - -4.69 0.01 -0.22 -0.06 -0.24 -0.08 -0.04 -0.09 - -0.01 -0.07 -0.08 -1.32 0.08 -0.01 -0.03 -5.74 0.26 0.12 0.03 -0.77 0.1 0.03 0.13 -17.2 0.15 0.1 0.07

ROE %

-10.53 -9.07 -7.47 -5.74 -7.23 -7.78 -7.06 -4.63 -1.38 -0.52 -1.94 -3.51 -3.18 -3.52 -1.92 -3.21 -2.84 -2.08 -2.97 0.09 -6.29 2.22 -8.13 -19.93 -29.60 -43.74 -34.64 -27.60 -8.39 -1.06 -3.56 -0.28 -4.87 -9.21 -23.12 -28.61 -47.97 -52.55 -37.99 -36.50 -30.73 -25.39 -22.61 -20.34 -28.45 -26.69 -25.51 -24.39 -0.27 -0.24 -0.26 -0.31 -0.80 1.96 4.27 5.54 7.51 6.43 5.44 6.97 3.04 0.49 1.50

ROA %

-9.06 -7.80 -6.42 -4.96 -6.27 -6.75 -6.14 -3.99 -1.20 -0.45 -1.69 -3.09 -2.82 -3.10 -1.72 -2.91 -2.59 -1.90 -2.73 0.07 -4.57 1.63 -5.72 -15.38 -23.98 -34.89 -28.13 -21.98 -6.52 -1.08 -2.67 -0.38 -3.45 -6.34 -16.58 -20.94 -35.36 -39.19 -29.04 -27.86 -24.03 -19.72 -17.53 -15.82 -22.59 -21.16 -20.20 -19.30 -0.22 -0.24 -0.22 -0.25 -0.65 1.62 3.49 4.52 6.07 5.22 4.40 5.61 2.48 0.42 1.19

ROCE %

-12.99 -11.60 -10.65 -8.86 -10.30 -10.71 -9.18 -10.70 -7.56 -6.87 -8.26 -5.95 -4.71 -4.58 -2.66 -3.36 -3.28 -2.48 -2.88 -3.18 -9.49 -1.03 -10.00 -18.42 -29.28 -43.24 -35.32 -28.25 -8.10 -0.70 -3.13 0.14 -1.08 -4.58 -15.20 -18.97 -35.11 -39.01 -26.09 -26.28 -11.40 -8.29 -8.88 -7.80 -41.88 -39.14 -36.63 -34.51 0.09 4.59 7.82 9.15 9.67 5.48 3.23 5.94 8.16 9.57 10.41 8.71 3.28 1.06 1.06

Current Ratio

7.3 7.4 7.5 6.5 6.9 7.4 8.9 7.1 8.0 9.0 9.0 7.5 8.1 8.3 8.8 9.5 10.2 10.8 11.1 13.2 11.1 12.0 11.3 3.9 4.1 3.9 5.3 5.8 5.2 3.7 3.3 2.9 2.9 3.2 3.5 3.1 3.4 3.6 4.7 4.0 5.2 5.0 4.6 4.5 5.5 5.3 5.3 4.8 5.3 5.3 5.3 5.1 4.5 4.1 5.3 4.9 5.2 6.2 5.9 4.7 5.4 6.7 4.7

DSO

0.9 1.3 1.3 2.5 3.6 5.5 5.4 6.1 4.2 4.0 4.8 2.9 1.6 2.2 1.7 3.0 2.2 1.2 1.4 1.3 1.6 1.9 0.6 0.4 0.3 0.5 0.5 1.5 2.0 91.3 80.0 76.2 135.5 159.7 142.2 139.8 135.7 160.8 183515.6 184.0 153.0 147.2 127.0 131.2 123.8 138.0 177.9 -50.6 151.1 162.7 177.5 -43.2 115.4 123.8 137.3 -38.5 101.4 113.6 109.8 - 93.9 134.0 -

DIO

7.1 8.7 9.8 8.8 12.1 17.3 12.4 12.5 9.3 11.1 15.2 11.2 8.9 13.7 9.2 8.9 8.4 9.5 10.0 6.8 3.8 6.1 4.3 5.5 13.8 8.5 12.8 5.2 7.8 10.1 13.1 7.4 5.9 9.8 11.6 11.0 13.3 20.9 21.6 11.8 15.6 13.9 12.0 12.4 9.3 12.0 14.9 10.4 9.8 8.9 5.7 3.2 -5.0 -5.2 -4.7 3.9 3.3 1.9 2.2 3.6 5.3 4.2 -

DPO

55.7 59.4 71.5 64.2 53.9 55.9 60.0 92.6 63.8 53.4 66.6 77.8 62.2 88.8 64.8 60.6 52.2 56.7 53.4 41.4 32.7 49.6 65.1 67.1 92.3 40.6 79.2 44.2 83.3 92.4 117.7 102.8 97.0 107.8 108.7 107.8 75.3 68.8 103.2 71.6 81.9 75.5 68.0 68.8 56.3 60.6 73.9 76.1 69.3 70.2 81.8 74.3 -100.6 -96.7 -103.6 60.3 40.3 41.5 68.8 58.3 52.7 74.0 -

Operating Cycle

8.0 10.0 11.1 11.3 15.7 22.8 17.8 18.6 13.4 15.1 20.0 14.1 10.5 15.9 10.9 11.9 10.6 10.7 11.4 8.1 5.4 7.9 5.0 5.8 14.0 9.1 13.3 6.7 9.8 101.4 93.0 83.6 141.4 169.5 153.7 150.8 149.0 181.7 183537.1 195.9 168.6 161.2 139.0 143.7 133.1 150.0 192.8 -40.2 160.9 171.6 183.3 -39.9 110.4 118.6 132.6 -34.5 104.7 115.5 112.0 3.6 99.1 138.1 -

Cash Conversion Cycle

-47.7 -49.4 -60.5 -52.8 -38.2 -33.1 -42.2 -74.0 -50.3 -38.3 -46.6 -63.7 -51.7 -73.0 -53.8 -48.7 -41.7 -46.1 -42.0 -33.3 -27.3 -41.7 -60.2 -61.3 -78.2 -31.5 -66.0 -37.5 -73.6 9.0 -24.7 -19.2 44.5 61.7 45.1 42.9 73.8 113.0 183434.0 124.3 86.7 85.7 70.9 74.9 76.8 89.5 118.9 -116.3 91.6 101.4 101.5 -114.2 211.1 215.3 236.2 -94.9 64.4 74.0 43.1 -54.7 46.5 64.1 -

All numbers in USD currency

Multiples are an important financial analysis tool for the company Fuel Tech, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

Financial Ratios of other stocks in the Pollution treatment industry

Issuer Price % 24h Market Cap Country
TOMI Environmental Solutions TOMI Environmental Solutions
TOMZ
$ 2.62 8.26 % $ 52.6 M usaUSA
Unifi Unifi
UFI
$ 6.42 1.74 % $ 119 M usaUSA
ClearSign Technologies Corporation ClearSign Technologies Corporation
CLIR
$ 2.42 0.91 % $ 13.4 M usaUSA
Federal Signal Corporation Federal Signal Corporation
FSS
$ 115.35 -1.59 % $ 7.01 B usaUSA
LiqTech International LiqTech International
LIQT
$ 0.32 5.71 % $ 3.08 M danmarkDanmark
Energy Recovery Energy Recovery
ERII
$ 7.32 -0.95 % $ 394 M usaUSA
BioHiTech Global, Inc. BioHiTech Global, Inc.
BHTG
- -3.67 % $ 23.9 M usaUSA
Advanced Emissions Solutions Advanced Emissions Solutions
ADES
- 5.1 % $ 63.3 M usaUSA
CECO Environmental Corp. CECO Environmental Corp.
CECE
- 2.19 % $ 402 M usaUSA
Calyxt Calyxt
CLXT
- 5.53 % $ 31.3 M usaUSA