Fuel Tech (FTEK) Enterprise Value (2009 - 2026)
Fuel Tech (FTEK) reported Enterprise Value of $32.74 million for Q3 2026, down 51.4% from $67.36 million a year earlier and down 33.7% from the prior quarter.
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Analysis
Fuel Tech (FTEK) Enterprise Value (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Fuel Tech's Enterprise Value came in at -$33.33 million; for FY2025, it was $23.6 million, up 74.1% from FY2024.
- Enterprise Value has a five-year compound annual growth rate of -23.0% (FY2020 to FY2025).
- By year, Enterprise Value came in at $13.55 million in FY2024 (+410.8%), $2.65 million in FY2023 (-78.2%), $12.17 million in FY2022 (+87.9%) and $6.48 million in FY2021 (-92.6%).
- Five-year quarterly Enterprise Value spans a low of $2.65 million in Q4 2023 and a high of $67.36 million in Q3 2025.
- Year over year, Enterprise Value gained in five of the last eight quarters, with growth averaging 157.5%.
- The high point for year-over-year Enterprise Value in five years was Q3 2025 (growth of 470.5%); the low point was Q4 2021 (a decline of 92.6%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $49.38 million (Q2 2026), $16.43 million (Q1 2026) and $23.6 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ecolab | 85.84 Bn | 78.85 Bn | 2.07 Bn |
| 2 | Veralto | 28.78 Bn | 21.41 Bn | 908.00 Mn |
| 3 | Xylem | 22.22 Bn | 18.19 Bn | 907.00 Mn |
| 4 | Badger Meter | 4.49 Bn | 3.89 Bn | 98.85 Mn |
| 5 | Ceco Environmental | 3.04 Bn | 2.84 Bn | 130.10 Mn |
| 6 | NWPX Infrastructure | 868.49 Mn | 826.57 Mn | 38.19 Mn |
| 7 | Energy Recovery | 373.27 Mn | 35.71 Mn | 4.20 Mn |
| 8 | Cadiz | 280.26 Mn | 245.37 Mn | -24,000.00 |
| 9 | AirJoule Technologies | 174.57 Mn | 54.19 Mn | - |
| 10 | Fuel Tech | 42.77 Mn | -41.13 Mn | 3.91 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 32.74 Mn |
| Jun 30, 2026 | 49.38 Mn |
| Mar 31, 2026 | 16.43 Mn |
| Dec 31, 2025 | 23.60 Mn |
| Sep 30, 2025 | 67.36 Mn |
| Jun 30, 2025 | 55.30 Mn |
| Mar 31, 2025 | 10.52 Mn |
| Dec 31, 2024 | 13.55 Mn |
| Sep 30, 2024 | 11.81 Mn |
| Jun 30, 2024 | 12.78 Mn |
| Mar 31, 2024 | 13.51 Mn |
| Dec 31, 2023 | 2.65 Mn |
| Sep 30, 2023 | 7.57 Mn |
| Jun 30, 2023 | 12.42 Mn |
| Mar 31, 2023 | 12.01 Mn |
| Dec 31, 2022 | 12.17 Mn |
| Sep 30, 2022 | 8.90 Mn |
| Jun 30, 2022 | 6.26 Mn |
| Mar 31, 2022 | 9.76 Mn |
| Dec 31, 2021 | 6.48 Mn |
API Access
Fuel Tech Enterprise Value 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=enterprise-value&ticker=FTEK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "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=enterprise-value&ticker=FTEK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();