Fuel Tech (FTEK) Operating Margin (2010 - 2026)
Fuel Tech (FTEK) reported Operating Margin of 26.25% for Q1 2026, down 1133.0% on a YoY basis from 2.54% in Q1 2025, and down 33.5% quarter-over-quarter from 19.66% in Q4 2025.
Fuel Tech (FTEK) Operating Margin (2010 - 2026) Analysis & Trends
Fuel Tech has reported Operating Margin for 17 years, with the latest figure at 26.25% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 1133.0% year-over-year to 26.25%; the trailing twelve-month figure through Mar 2026 stood at 16.4% (down 148.0% YoY), and the FY2025 full-year result was 13.8%, up 491.0% from the prior year.
- Operating Margin for Q1 2026 stood at 26.25%, down from 19.66% in the prior quarter.
- The five-year high for Operating Margin was 2.39% in Q3 2022, with the low at 40.05% in Q4 2024.
- Historically, Operating Margin has averaged 14.23% across 5 years, with a median of 12.62% in 2023.
- Annual changes were most pronounced in 2024 — Operating Margin slumped 2743 bps — and 2025, when it soared 2039 bps.
- Fuel Tech's Operating Margin 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 | Aduro Clean Technologies | 856.39 Bn | 856.36 Bn | - | - |
| 2 | Veralto | 20.76 Bn | 19.33 Bn | 854.00 Mn | 23.77% |
| 3 | Zurn Elkay Water Solutions | 8.35 Bn | 8.08 Bn | 205.80 Mn | 18.96% |
| 4 | Federal Signal | 7.20 Bn | 7.13 Bn | 179.40 Mn | 844.92% |
| 5 | Ceco Environmental | 3.52 Bn | 3.48 Bn | 63.92 Mn | 0.91% |
| 6 | PureCycle Technologies | 1.57 Bn | 1.47 Bn | - | -1,012.72% |
| 7 | Energy Recovery | 497.64 Mn | 411.49 Mn | 2.70 Mn | -153.09% |
| 8 | CleanCore Solutions | 210.18 Mn | 193.13 Mn | -419,259.00 | -3,490.91% |
| 9 | Arq | 118.94 Mn | 114.26 Mn | 9.94 Mn | -3.38% |
| 10 | Fuel Tech | 4.36 Mn | -17.22 Mn | 2.64 Mn | -26.25% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | -13.20% |