Fuel Tech (FTEK) Operating Margin (2010 - 2026)
Fuel Tech's (FTEK) quarterly Operating Margin came in at 26.25% in Q1 2026, down 1133.0% YoY from 2.54% in Q1 2025, and down 33.5% on a QoQ basis from 19.66% in Q4 2025.
Fuel Tech (FTEK) Operating Margin (2010 - 2026) Analysis & Trends
Fuel Tech (FTEK) has 17 years of Operating Margin data on file, last reported at 26.25% in Q1 2026.
- Quarterly Operating Margin fell 1133.0% year-over-year to 26.25% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 16.4% (down 148.0% YoY) and the FY2025 annual result came in at 13.8%, up 491.0% from the prior year.
- Operating Margin slipped to 26.25% in Q1 2026, from 19.66% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 2.39% in Q3 2022 to a low of 40.05% in Q4 2024.
- A 5-year average of 14.23% and a median of 12.62% in 2023 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2024 — Operating Margin slumped 2743 bps — and 2025, when it soared 2039 bps.
- Tracing FTEK's Operating Margin over 5 years: stood at 3.56% in 2022, then sank by 255 bps to 12.62% in 2023, then sank by 217 bps to 40.05% in 2024, then soared by 51 bps to 19.66% in 2025, then tumbled by 33 bps to 26.25% in 2026.
- The last three Operating Margin figures came in at 26.25% (Q1 2026), 19.66% (Q4 2025), and 0.05% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veralto | 24.48 Bn | 22.36 Bn | 902.00 Mn | 21.37% |
| 2 | Zurn Elkay Water Solutions | 8.17 Bn | 7.81 Bn | 288.30 Mn | 31.02% |
| 3 | Federal Signal | 7.42 Bn | 7.36 Bn | 203.80 Mn | 17.64% |
| 4 | Ceco Environmental | 3.07 Bn | 3.00 Bn | 86.47 Mn | -11.64% |
| 5 | PureCycle Technologies | 1.25 Bn | 1.25 Bn | - | -916.09% |
| 6 | Aduro Clean Technologies | 533.48 Mn | 504.81 Mn | - | - |
| 7 | Energy Recovery | 405.53 Mn | 312.47 Mn | 8.96 Mn | -49.05% |
| 8 | Arq | 94.31 Mn | 93.40 Mn | 11.51 Mn | -0.23% |
| 9 | Fuel Tech | 43.03 Mn | 23.42 Mn | 2.68 Mn | -24.13% |
| 10 | 374Water | 33.25 Mn | 33.25 Mn | 1.98 Mn | -71.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -24.13% |
| Mar 31, 2026 | -26.25% |
| Dec 31, 2025 | -19.66% |
| Sep 30, 2025 | 0.05% |
| Jun 30, 2025 | -23.53% |
| Mar 31, 2025 | -14.92% |
| Dec 31, 2024 | -40.05% |
| Sep 30, 2024 | -2.28% |
| Jun 30, 2024 | -10.15% |
| Mar 31, 2024 | -34.13% |
| Dec 31, 2023 | -12.62% |
| Sep 30, 2023 | 1.66% |
| Jun 30, 2023 | -24.39% |
| Mar 31, 2023 | -9.03% |
| Dec 31, 2022 | -3.56% |
| Sep 30, 2022 | 2.39% |
| Jun 30, 2022 | -7.62% |
| Mar 31, 2022 | -17.78% |
| Dec 31, 2021 | -3.43% |
| Sep 30, 2021 | 7.65% |