Fuel Tech (FTEK) Net Margin (2010 - 2026)
Fuel Tech (FTEK) reported Net Margin of 22.29% for Q1 2026, down 1071.0% on a YoY basis from 2.3% in Q1 2025, and down 35.95% quarter-over-quarter from 16.39% in Q4 2025.
Fuel Tech (FTEK) Net Margin (2010 - 2026) Analysis & Trends
Fuel Tech has reported Net Margin for 17 years, with the latest figure at 22.29% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 1071.0% year-over-year to 22.29%; the trailing twelve-month figure through Mar 2026 stood at 11.11% (up 5.0% YoY), and the FY2025 full-year result was 8.67%, down 94.0% from the prior year.
- Net Margin for Q1 2026 stood at 22.29%, down from 16.39% in the prior quarter.
- The five-year high for Net Margin was 5.75% in Q3 2023, with the low at 35.64% in Q4 2024.
- Historically, Net Margin has averaged 8.62% across 5 years, with a median of 5.98% in 2024.
- Annual changes were most pronounced in 2024 — Net Margin tumbled 2707 bps — and 2025, when it jumped 1925 bps.
- Fuel Tech's Net Margin stood at 5.73% in 2022, then tumbled by 50 bps to 8.57% in 2023, then sank by 316 bps to 35.64% in 2024, then jumped by 54 bps to 16.39% in 2025, then slumped by 36 bps to 22.29% in 2026.
- The last three Net Margin figures came in at 22.29% (Q1 2026), 16.39% (Q4 2025), and 4.05% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Aduro Clean Technologies | 856.39 Bn | 856.36 Bn | - | - |
| 2 | Veralto | 20.76 Bn | 19.33 Bn | 854.00 Mn | 17.86% |
| 3 | Zurn Elkay Water Solutions | 8.35 Bn | 8.08 Bn | 205.80 Mn | - |
| 4 | Federal Signal | 7.20 Bn | 7.13 Bn | 179.40 Mn | 596.61% |
| 5 | Ceco Environmental | 3.52 Bn | 3.48 Bn | 63.92 Mn | -0.12% |
| 6 | PureCycle Technologies | 1.57 Bn | 1.47 Bn | - | -939.04% |
| 7 | Energy Recovery | 497.64 Mn | 411.49 Mn | 2.70 Mn | -126.22% |
| 8 | CleanCore Solutions | 210.18 Mn | 193.13 Mn | -419,259.00 | -3,477.57% |
| 9 | Arq | 118.94 Mn | 114.26 Mn | 9.94 Mn | -2.90% |
| 10 | Fuel Tech | 4.36 Mn | -17.22 Mn | 2.64 Mn | -22.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -22.29% |
| Dec 31, 2025 | -16.39% |
| Sep 30, 2025 | 4.05% |
| Jun 30, 2025 | -12.40% |
| Mar 31, 2025 | -11.58% |
| Dec 31, 2024 | -35.64% |
| Sep 30, 2024 | 1.02% |
| Jun 30, 2024 | -5.98% |
| Mar 31, 2024 | 5.67% |
| Dec 31, 2023 | -8.57% |
| Sep 30, 2023 | 5.75% |
| Jun 30, 2023 | -19.12% |
| Mar 31, 2023 | -5.68% |
| Dec 31, 2022 | -5.73% |
| Sep 30, 2022 | 3.92% |
| Jun 30, 2022 | -5.59% |
| Mar 31, 2022 | -18.03% |
| Dec 31, 2021 | -3.70% |
| Sep 30, 2021 | 8.97% |
| Jun 30, 2021 | -14.91% |