Fuel Tech (FTEK) Operating Margin (2010 - 2026)
Fuel Tech's (FTEK) quarterly Operating Margin came in at 24.13% in Q2 2026, down 60.0% on a YoY basis from 60.33% in Q2 2025, and up 8.07% quarter-over-quarter from 26.25% in Q1 2026.
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Analysis
Fuel Tech (FTEK) Operating Margin (2010 - 2026) Analysis & Trends
Fuel Tech (FTEK) has reported Operating Margin for 17 consecutive years, with 24.13% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin fell 60.0% year-over-year to 24.13%; the trailing twelve-month figure through Jun 2026 stood at 16.78% (up 138.0% YoY), and the FY2025 full-year result was 13.8%, up 491.0% from the prior year.
- Operating Margin grew to 24.13% in Q2 2026 per FTEK's latest filing, from 26.25% in the prior quarter.
- Across five years, Operating Margin topped out at 2.39% in Q3 2022 and bottomed at 40.05% in Q4 2024.
- Historically, Operating Margin has averaged 14.78% across 5 years, with a median of 13.77% in 2025.
- The sharpest annual moves came in 2024 and 2025: Operating Margin tumbled 2743 bps in 2024, then jumped 2039 bps in 2025.
- Over 5 years, Operating Margin stood at 3.56% in 2022, then tumbled by 255 bps to 12.62% in 2023, then tumbled by 217 bps to 40.05% in 2024, then surged by 51 bps to 19.66% in 2025, then fell by 23 bps to 24.13% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 24.13%, 26.25%, and 19.66% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ceco Environmental | 3.26 Bn | 3.20 Bn | 86.47 Mn | -11.64% |
| 2 | LanzaTech Global | 68.80 Mn | 23.82 Mn | 5.24 Mn | -109.53% |
| 3 | Fuel Tech | 50.98 Mn | 31.37 Mn | 2.68 Mn | -24.13% |
| 4 | 374Water | 42.56 Mn | 42.56 Mn | 1.98 Mn | -71.70% |
| 5 | Birchtech | 25.88 Mn | 14.05 Mn | 1.03 Mn | -42.81% |
| 6 | ClearSign Technologies | 23.13 Mn | 13.24 Mn | 228,000.00 | -267.50% |
| 7 | Liqtech International | 14.98 Mn | -675,936.37 | 365,539.00 | -53.44% |
| 8 | TOMI Environmental Solutions | 12.38 Mn | 11.83 Mn | 1.39 Mn | -10.87% |
Historic Data
Download Data
Historic 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% |