Fuel Tech (FTEK) FCF Margin (2009 - 2026)
Fuel Tech's FCF Margin was -20.46% in Q3 2026, down 60.06 percentage points from 39.60% a year earlier and down 5.49 percentage points from the prior quarter.
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Analysis
Fuel Tech (FTEK) FCF Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Fuel Tech's FCF Margin was -20.80% through Sep 30, 2026, down 31.49 percentage points year-over-year; for FY2025, it came in at 8.78%, up 23.94 percentage points from FY2024.
- FCF Margin shows a five-year change of +21.88 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was -15.16% in FY2024 (-16.19 pp), 1.03% in FY2023 (+17.15 pp), -16.13% in FY2022 (-18.92 pp) and 2.79% in FY2021 (+15.89 pp).
- Quarterly FCF Margin has moved between -32.50% (Q1 2022) and 39.60% (Q3 2025) over five years.
- Compared with a year earlier, FCF Margin has declined for three straight quarters, with an average year-over-year change of -5.72 percentage points over the last eight quarters.
- The best year-over-year quarter for FCF Margin over five years was Q1 2025 (a gain of 46.60 percentage points); the worst was Q3 2026 (a drop of 60.06 percentage points).
- Per Business Quant data, FTEK's FCF Margin in the three quarters before Q3 2026 was -14.97% (Q2 2026), -19.23% (Q1 2026) and -27.74% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 85.84 Bn | 78.85 Bn | 2.07 Bn | 9.59% |
| 2 | Veralto | 28.78 Bn | 21.41 Bn | 908.00 Mn | 20.15% |
| 3 | Xylem | 22.22 Bn | 18.19 Bn | 907.00 Mn | 11.00% |
| 4 | Badger Meter | 4.49 Bn | 3.89 Bn | 98.85 Mn | 17.07% |
| 5 | Ceco Environmental | 3.04 Bn | 2.84 Bn | 130.10 Mn | 36.71% |
| 6 | NWPX Infrastructure | 868.49 Mn | 826.57 Mn | 38.19 Mn | 11.35% |
| 7 | Energy Recovery | 373.27 Mn | 35.71 Mn | 4.20 Mn | -86.69% |
| 8 | Cadiz | 280.26 Mn | 245.37 Mn | -24,000.00 | -1,002.04% |
| 9 | AirJoule Technologies | 174.57 Mn | 54.19 Mn | - | - |
| 10 | Fuel Tech | 42.77 Mn | -41.13 Mn | 3.91 Mn | -20.46% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -20.46% |
| Jun 30, 2026 | -14.97% |
| Mar 31, 2026 | -19.23% |
| Dec 31, 2025 | -27.74% |
| Sep 30, 2025 | 39.60% |
| Jun 30, 2025 | -1.03% |
| Mar 31, 2025 | 22.61% |
| Dec 31, 2024 | -32.37% |
| Sep 30, 2024 | 9.77% |
| Jun 30, 2024 | -23.84% |
| Mar 31, 2024 | -23.99% |
| Dec 31, 2023 | 1.39% |
| Sep 30, 2023 | 3.46% |
| Jun 30, 2023 | -19.52% |
| Mar 31, 2023 | 13.45% |
| Dec 31, 2022 | -22.33% |
| Sep 30, 2022 | 8.51% |
| Jun 30, 2022 | -26.07% |
| Mar 31, 2022 | -32.50% |
| Dec 31, 2021 | 10.68% |
API Access
Fuel Tech FCF 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=fcf-margin&ticker=FTEK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=FTEK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();