Fuel Tech (FTEK) Gross Margin (2010 - 2026)
Fuel Tech (FTEK) reported Gross Margin of 43.49% for Q1 2026, down 288.0% on a YoY basis from 23.13% in Q1 2025, and down 2.55% quarter-over-quarter from 44.63% in Q4 2025.
Fuel Tech (FTEK) Gross Margin (2010 - 2026) Analysis & Trends
Fuel Tech has reported Gross Margin for 17 years, with the latest figure 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.
- The five-year high for Gross Margin was 51.11% in Q4 2023, with the low at 36.55% in Q2 2023.
- Historically, Gross Margin has averaged 43.58% across 5 years, with a median of 43.4% in 2024.
- Annual changes were most pronounced in 2023 — Gross Margin jumped 834 bps — and 2024, when it tumbled 881 bps.
- Fuel Tech's Gross Margin stood at 42.77% in 2022, then rose by 19 bps to 51.11% in 2023, then slipped by 17 bps to 42.31% in 2024, then rose by 5 bps to 44.63% in 2025, then decreased 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Aduro Clean Technologies | 856.39 Bn | 856.36 Bn | - | - |
| 2 | Veralto | 20.76 Bn | 19.33 Bn | 854.00 Mn | 60.06% |
| 3 | Zurn Elkay Water Solutions | 8.35 Bn | 8.08 Bn | 205.80 Mn | 47.53% |
| 4 | Federal Signal | 7.20 Bn | 7.13 Bn | 179.40 Mn | 1,520.34% |
| 5 | Ceco Environmental | 3.52 Bn | 3.48 Bn | 63.92 Mn | 31.04% |
| 6 | PureCycle Technologies | 1.57 Bn | 1.47 Bn | - | - |
| 7 | Energy Recovery | 497.64 Mn | 411.49 Mn | 2.70 Mn | 27.84% |
| 8 | CleanCore Solutions | 210.18 Mn | 193.13 Mn | -419,259.00 | -77.11% |
| 9 | Arq | 118.94 Mn | 114.26 Mn | 9.94 Mn | 34.21% |
| 10 | Fuel Tech | 4.36 Mn | -17.22 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% |