Fuel Tech (FTEK) Net Margin (2010 - 2026)
Fuel Tech (FTEK) reported Net Margin of -18.97% for Q2 2026, down 6.57 percentage points from -12.40% a year earlier but up 3.32 percentage points from the prior quarter.
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Analysis
Fuel Tech (FTEK) Net Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Fuel Tech's Net Margin came in at -12.75%, up 0.14 percentage points year-over-year; for FY2025, it came in at -8.71%, down 0.98 percentage points from FY2024.
- Net Margin has declined for four consecutive years, though with a five-year change of +10.26 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at -7.73% in FY2024 (-2.05 pp), -5.68% in FY2023 (-0.33 pp), -5.35% in FY2022 (-5.58 pp) and 0.22% in FY2021 (+19.19 pp).
- Five-year quarterly Net Margin spans a low of -35.64% in Q4 2024 and a high of 8.97% in Q3 2021.
- Year over year, Net Margin gained in two of the last eight quarters, with an average year-over-year change of -6.34 percentage points.
- The high point for year-over-year Net Margin in five years was Q4 2021 (a gain of 21.04 percentage points); the low point was Q4 2024 (a drop of 27.15 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -22.29% (Q1 2026), -16.54% (Q4 2025) and 4.05% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 77.03 Bn | 68.81 Bn | 1.95 Bn | 12.11% |
| 2 | Xylem | 23.64 Bn | 19.13 Bn | 963.00 Mn | 11.26% |
| 3 | Veralto | 23.04 Bn | 15.69 Bn | 902.00 Mn | 16.35% |
| 4 | Badger Meter | 3.58 Bn | 2.86 Bn | 90.77 Mn | 13.37% |
| 5 | Ceco Environmental | 3.02 Bn | 2.85 Bn | 86.47 Mn | -12.20% |
| 6 | NWPX Infrastructure | 993.21 Mn | 954.68 Mn | 34.36 Mn | 9.93% |
| 7 | Energy Recovery | 341.34 Mn | 16.50 Mn | 8.96 Mn | -26.66% |
| 8 | Cadiz | 329.91 Mn | 298.36 Mn | -24,000.00 | -1,291.01% |
| 9 | AirJoule Technologies | 286.05 Mn | 165.68 Mn | - | - |
| 10 | Fuel Tech | 50.57 Mn | -41.36 Mn | 2.68 Mn | -18.97% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -18.97% |
| Mar 31, 2026 | -22.29% |
| Dec 31, 2025 | -16.54% |
| 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 | -8.49% |
| 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 | -3.78% |
| Sep 30, 2021 | 8.97% |
API Access
Fuel Tech Net 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=net-margin&ticker=FTEK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=FTEK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();