Fuel Tech (FTEK) Gross Margin (2010 - 2026)
Fuel Tech's (FTEK) quarterly Gross Margin came in at 43.49% in Q1 2026, down 288.0% YoY from 23.13% in Q1 2025, and down 2.55% on a QoQ basis from 44.63% in Q4 2025.
Fuel Tech (FTEK) Gross Margin (2010 - 2026) Analysis & Trends
Fuel Tech (FTEK) has 17 years of Gross Margin data on file, last reported at 43.49% in Q1 2026.
- Quarterly Gross Margin fell 288.0% year-over-year to 43.49% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 45.76% (up 225.0% YoY) and the FY2025 annual result came in at 46.42%, up 415.0% from the prior year.
- Gross Margin slipped to 43.49% in Q1 2026, from 44.63% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 51.11% in Q4 2023 to a low of 36.55% in Q2 2023.
- A 5-year average of 43.58% and a median of 43.4% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin jumped 834 bps — and 2024, when it tumbled 881 bps.
- Tracing FTEK's Gross Margin over 5 years: 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 | Veralto | 24.35 Bn | 22.23 Bn | 902.00 Mn | 61.19% |
| 2 | Zurn Elkay Water Solutions | 8.16 Bn | 7.80 Bn | 288.30 Mn | 58.72% |
| 3 | Federal Signal | 7.42 Bn | 7.35 Bn | 203.80 Mn | 30.41% |
| 4 | Ceco Environmental | 3.17 Bn | 3.11 Bn | 86.47 Mn | 30.34% |
| 5 | PureCycle Technologies | 1.24 Bn | 1.24 Bn | - | - |
| 6 | Aduro Clean Technologies | 521.85 Mn | 493.18 Mn | - | - |
| 7 | Energy Recovery | 398.07 Mn | 305.01 Mn | 8.96 Mn | 74.67% |
| 8 | Arq | 94.31 Mn | 93.40 Mn | 11.51 Mn | 38.52% |
| 9 | Fuel Tech | 43.03 Mn | 23.42 Mn | 2.68 Mn | 41.25% |
| 10 | CleanCore Solutions | 34.84 Mn | 17.79 Mn | -419,259.00 | -77.11% |
Historic Data
Download 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% |