Fuel Tech, Inc.

FTEKNASDAQIndustrials● Active

$1.35

$-0.01(-0.74%)

Market Cap$42073020

P/E Ratio—

52W High$3.65

52W Low$1.17

Avg Volume205K

Open$1.38

Beta1.33

Free Cash Flow Financials Revenue

Fuel Tech, Inc. (FTEK) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

FTEK · free cash flow · updated Jun 8, 2026

Core FCF metrics

FTEK · FCF · TTM · margin & CAGR

Free cash flow was $2.3M for FY2025 (fiscal year ending 2025-12-31), up 161.5% year-over-year The FCF margin was 8.8%.

FY2025 Free Cash Flow$2.3M▲ +161.5% YoY

Trailing 12M (TTM)−$233,999Trailing 4Q sum · TTM negative vs latest FY positive

FCF Margin8.8%$2.3M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

FTEK · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$3.0M(1M)$2.3M▲ +161.5%8.8%

FY2024−$3.4M(0M)−$3.8M▼ 1470.9%-15.2%

FY2023$696,000(0M)$278,000▲ +106.4%1.0%

FY2022−$4.1M(0M)−$4.3M▼ 741.8%-16.1%

FY2021$761,000(0M)$677,000▲ +122.9%2.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

FTEK · P/FCF · FCF yield · FCF per share

Fuel Tech, Inc. (FTEK) valuation ratios are currently unavailable — market cap, share count, or TTM data could not be retrieved from our data provider.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

Valuation ratios are unavailable — market cap, share count, or TTM data could not be retrieved. Individual metrics are shown where available.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

FTEK · cash flow statement · operating / investing / financing

For FY2025, Fuel Tech, Inc. generated $3.0M in operating cash flow and spent 1M in capital expenditures, yielding $2.3M in free cash flow.

Operating Activities

+$3.0M

Cash from core business operations

2025-12-31

Investing Activities

+$0.5M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$0.2M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($3.0M) − |CapEx| (1M) = FCF ($2.3M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

FTEK vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Fuel Tech, Inc.YOU

FTEK

$2.3M+161.5%8.8%

Union Pacific Corporation

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Fuel Tech, Inc. (FTEK) reported free cash flow of $2.3M for FY2025 (fiscal year ending 2025-12-31), up 161.5% year-over-year. The FCF margin was 8.8%.

Based on available data, Fuel Tech, Inc. has maintained positive free cash flow for at least 8 fiscal year(s). FCF peaked at $6.1M in FY2012.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

FTEK free cash flow · 8 questions

Fuel Tech, Inc. free cash flow was $2.3M for FY2025, up 161.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$233,999.

FTEK free cash flowFTEK FCFFTEK FCF 2025FTEK free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Fuel Tech, Inc. · Fuel Tech, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026