Fuel Tech (FTEK) EBT Margin (2009 - 2026)
Fuel Tech's EBT Margin was -3.08% in Q3 2026, down 7.22 percentage points from 4.14% a year earlier but up 15.74 percentage points from the prior quarter.
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Analysis
Fuel Tech (FTEK) EBT Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Fuel Tech's EBT Margin was -14.17% through Sep 30, 2026, down 2.29 percentage points year-over-year; for FY2025, it came in at -8.66%, down 1.23 percentage points from FY2024.
- EBT Margin has now declined for four consecutive years, though with a five-year change of +10.06 percentage points (FY2020 to FY2025).
- In earlier years, EBT Margin was -7.42% in FY2024 (-2.00 pp), -5.42% in FY2023 (-0.27 pp), -5.15% in FY2022 (-5.43 pp) and 0.28% in FY2021 (+19.00 pp).
- Quarterly EBT Margin has moved between -34.53% (Q4 2024) and 5.89% (Q1 2024) over five years.
- Compared with a year earlier, EBT Margin has declined for three straight quarters, with an average year-over-year change of -6.79 percentage points over the last eight quarters.
- The best year-over-year quarter for EBT Margin over five years was Q4 2021 (a gain of 22.58 percentage points); the worst was Q4 2024 (a drop of 27.12 percentage points).
- Per Business Quant data, FTEK's EBT Margin in the three quarters before Q3 2026 was -18.81% (Q2 2026), -22.30% (Q1 2026) and -16.49% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 85.84 Bn | 78.85 Bn | 2.07 Bn | 14.79% |
| 2 | Veralto | 28.78 Bn | 21.41 Bn | 908.00 Mn | 18.09% |
| 3 | Xylem | 22.22 Bn | 18.19 Bn | 907.00 Mn | 16.58% |
| 4 | Badger Meter | 4.49 Bn | 3.89 Bn | 98.85 Mn | 20.33% |
| 5 | Ceco Environmental | 3.04 Bn | 2.84 Bn | 130.10 Mn | -0.73% |
| 6 | NWPX Infrastructure | 868.49 Mn | 826.57 Mn | 38.19 Mn | 13.36% |
| 7 | Energy Recovery | 373.27 Mn | 35.71 Mn | 4.20 Mn | -82.16% |
| 8 | Cadiz | 280.26 Mn | 245.37 Mn | -24,000.00 | -1,161.39% |
| 9 | AirJoule Technologies | 174.57 Mn | 54.19 Mn | - | - |
| 10 | Fuel Tech | 42.77 Mn | -41.13 Mn | 3.91 Mn | -3.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -3.08% |
| Jun 30, 2026 | -18.81% |
| Mar 31, 2026 | -22.30% |
| Dec 31, 2025 | -16.49% |
| Sep 30, 2025 | 4.14% |
| Jun 30, 2025 | -12.32% |
| Mar 31, 2025 | -11.58% |
| Dec 31, 2024 | -34.53% |
| Sep 30, 2024 | 1.03% |
| Jun 30, 2024 | -5.89% |
| Mar 31, 2024 | 5.89% |
| Dec 31, 2023 | -7.41% |
| Sep 30, 2023 | 5.75% |
| Jun 30, 2023 | -19.12% |
| Mar 31, 2023 | -5.68% |
| Dec 31, 2022 | -5.08% |
| Sep 30, 2022 | 3.92% |
| Jun 30, 2022 | -5.45% |
| Mar 31, 2022 | -18.03% |
| Dec 31, 2021 | -3.72% |
API Access
Fuel Tech EBT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebt-margin&ticker=FTEK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "ticker": "FTEK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebt-margin&ticker=FTEK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();