Fuel Tech (FTEK) Gross Margin (2010 - 2026)
Fuel Tech (FTEK) recorded Gross Margin of 41.25% in Q2 2026, down 4.25 percentage points from 45.50% a year earlier and down 2.24 percentage points from the prior quarter.
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Analysis
Fuel Tech (FTEK) Gross Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Fuel Tech's Gross Margin came in at 44.74% as of Jun 30, 2026, up 0.35 percentage points year-over-year; for FY2025, it came in at 46.42%, up 4.15 percentage points from FY2024.
- Annual Gross Margin has a five-year change of -0.76 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 42.27% in FY2024 (-0.77 pp), 43.04% in FY2023 (-0.18 pp), 43.22% in FY2022 (-5.83 pp) and 49.04% in FY2021 (+1.87 pp).
- The Q2 2026 figure is the lowest quarterly Gross Margin since Q1 2024.
- On a year-over-year basis, Gross Margin rose in four of the last eight quarters, with an average year-over-year change of -0.12 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 8.34 percentage points in Q4 2023, against a drop of 23.22 percentage points in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 43.49% (Q1 2026), 44.63% (Q4 2025) and 48.88% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 77.03 Bn | 68.81 Bn | 1.95 Bn | 44.07% |
| 2 | Xylem | 23.64 Bn | 19.13 Bn | 963.00 Mn | 41.22% |
| 3 | Veralto | 23.04 Bn | 15.69 Bn | 902.00 Mn | 61.19% |
| 4 | Badger Meter | 3.58 Bn | 2.86 Bn | 90.77 Mn | 40.83% |
| 5 | Ceco Environmental | 3.02 Bn | 2.85 Bn | 86.47 Mn | 30.34% |
| 6 | NWPX Infrastructure | 993.21 Mn | 954.68 Mn | 34.36 Mn | 21.54% |
| 7 | Energy Recovery | 341.34 Mn | 16.50 Mn | 8.96 Mn | 74.67% |
| 8 | Cadiz | 329.91 Mn | 298.36 Mn | -24,000.00 | -2.45% |
| 9 | AirJoule Technologies | 286.05 Mn | 165.68 Mn | - | - |
| 10 | Fuel Tech | 50.57 Mn | -41.36 Mn | 2.68 Mn | 41.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 41.25% |
| 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% |
API Access
Fuel Tech Gross 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=gross-margin&ticker=FTEK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=FTEK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();