Fuel Tech (FTEK) Gross Margin (2010 - 2026)
Fuel Tech posted quarterly Gross Margin of 43.49% for Q1 2026, down 288.0% year-on-year from 23.13% in Q1 2025, and down 2.55% on a QoQ basis from 44.63% in Q4 2025.
Fuel Tech (FTEK) has 17 years of Gross Margin data on file, last reported at 43.49% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 288.0% year-over-year to 43.49%; the trailing twelve-month figure through Mar 2026 stood at 45.76% (up 225.0% YoY), and the FY2025 full-year result was 46.42%, up 415.0% from the prior year.
- Gross Margin for Q1 2026 stood at 43.49%, down from 44.63% in the prior quarter.
- Across five years, Gross Margin topped out at 51.11% in Q4 2023 and bottomed at 36.55% in Q2 2023.
- The 5-year median for Gross Margin is 43.4% (2024), against an average of 43.58%.
- The widest annual swing landed in 2023, when Gross Margin jumped 834 bps; it then sank 881 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 42.77% in 2022, then gained by 19 bps to 51.11% in 2023, then dropped by 17 bps to 42.31% in 2024, then gained by 5 bps to 44.63% in 2025, then slipped by 3 bps to 43.49% in 2026.
- The last three Gross Margin figures came in at 43.49% (Q1 2026), 44.63% (Q4 2025), and 48.88% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veralto | 20.72 Bn | 19.29 Bn | 854.00 Mn | 60.06% |
| 2 | Zurn Elkay Water Solutions | 7.83 Bn | 7.56 Bn | 205.80 Mn | 47.53% |
| 3 | Federal Signal | 6.47 Bn | 6.40 Bn | 179.40 Mn | 1,520.34% |
| 4 | Ceco Environmental | 2.82 Bn | 2.78 Bn | 63.92 Mn | 31.04% |
| 5 | PureCycle Technologies | 2.21 Bn | 2.11 Bn | - | - |
| 6 | Euro Tech Holdings | 1.36 Bn | 1.34 Bn | - | - |
| 7 | Energy Recovery | 421.81 Mn | 335.66 Mn | 2.70 Mn | 27.84% |
| 8 | CleanCore Solutions | 173.22 Mn | 156.17 Mn | -419,259.00 | -77.11% |
| 9 | Arq | 116.43 Mn | 111.76 Mn | 9.94 Mn | 34.21% |
| 10 | Fuel Tech | 4.19 Mn | -17.39 Mn | 2.64 Mn | 43.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 43.49% |
| Dec 31, 2025 | 44.63% |
| Sep 30, 2025 | 48.88% |
| Jun 30, 2025 | 45.50% |
| Mar 31, 2025 | 46.36% |
| Dec 31, 2024 | 42.31% |
| Sep 30, 2024 | 43.40% |
| Jun 30, 2024 | 41.92% |
| Mar 31, 2024 | 40.93% |
| Dec 31, 2023 | 51.11% |
| Sep 30, 2023 | 45.22% |
| Jun 30, 2023 | 36.55% |
| Mar 31, 2023 | 38.49% |
| Dec 31, 2022 | 42.77% |
| Sep 30, 2022 | 45.80% |
| Jun 30, 2022 | 42.05% |
| Mar 31, 2022 | 41.37% |
| Dec 31, 2021 | 50.19% |
| Sep 30, 2021 | 49.20% |
| Jun 30, 2021 | 49.50% |
| Mar 31, 2021 | 46.85% |
| Dec 31, 2020 | 41.88% |
| Sep 30, 2020 | 72.42% |
| Jun 30, 2020 | 13.68% |
| Mar 31, 2020 | 40.42% |
| Dec 31, 2019 | 0.59% |
| Sep 30, 2019 | 44.78% |
| Jun 30, 2019 | 43.56% |
| Mar 31, 2019 | 39.53% |
| Dec 31, 2018 | 37.28% |
| Sep 30, 2018 | 33.70% |
| Jun 30, 2018 | 31.42% |
| Mar 31, 2018 | 39.29% |
| Dec 31, 2017 | 42.02% |
| Sep 30, 2017 | 37.27% |
| Jun 30, 2017 | 37.21% |
| Mar 31, 2017 | 43.83% |
| Dec 31, 2016 | 19.35% |
| Sep 30, 2016 | 42.20% |
| Jun 30, 2016 | 36.77% |
| Mar 31, 2016 | 33.94% |
| Dec 31, 2015 | 37.95% |
| Sep 30, 2015 | 36.20% |
| Jun 30, 2015 | 38.20% |
| Mar 31, 2015 | 44.14% |
| Dec 31, 2014 | 47.44% |
| Sep 30, 2014 | 46.09% |
| Jun 30, 2014 | 42.16% |
| Mar 31, 2014 | 42.07% |
| Dec 31, 2013 | 43.05% |
| Sep 30, 2013 | 45.00% |
| Jun 30, 2013 | 40.78% |
| Mar 31, 2013 | 41.95% |
| Dec 31, 2012 | 35.64% |
| Sep 30, 2012 | 41.10% |
| Jun 30, 2012 | 43.19% |
| Mar 31, 2012 | 47.56% |
| Dec 31, 2011 | 47.19% |
| Sep 30, 2011 | 45.68% |
| Jun 30, 2011 | 44.52% |
| Mar 31, 2011 | 49.31% |
| Dec 31, 2010 | 40.96% |
| Sep 30, 2010 | 43.31% |
| Jun 30, 2010 | 41.45% |