Fuel Tech (FTEK) Return on Equity [ROE] (2009 - 2026)
Fuel Tech's Return on Equity [ROE] came in at -10.87% for Q3 2026, down 3.51 percentage points from -7.37% a year earlier and down 1.70 percentage points from the prior quarter.
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Analysis
Fuel Tech (FTEK) Return on Equity [ROE] (2009 - 2026) Analysis & Trends
For FY2025, Fuel Tech's Return on Equity [ROE] was -5.68%, down 1.14 percentage points from FY2024.
- Return on Equity [ROE] has declined in each of the last four years, though with a five-year change of +11.97 percentage points (FY2020 to FY2025).
- Going back by year, Return on Equity [ROE] was -4.54% in FY2024 (-1.06 pp), -3.47% in FY2023 (-0.31 pp), -3.17% in FY2022 (-3.33 pp) and 0.16% in FY2021 (+17.80 pp).
- The Q3 2026 figure represents the lowest quarterly Return on Equity [ROE] since Q4 2020.
- Year-over-year, Return on Equity [ROE] has declined for eight consecutive quarters, with an average year-over-year change of -3.25 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Equity [ROE] over five years came in Q4 2021 (a gain of 18.66 percentage points), and the weakest in Q2 2025 (a drop of 7.37 percentage points).
- Business Quant data shows FTEK's Return on Equity [ROE] at -9.17% (Q2 2026), -7.49% (Q1 2026) and -5.74% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 85.84 Bn | 78.85 Bn | 2.07 Bn | 20.43% |
| 2 | Veralto | 28.78 Bn | 21.41 Bn | 908.00 Mn | 31.66% |
| 3 | Xylem | 22.22 Bn | 18.19 Bn | 907.00 Mn | 10.35% |
| 4 | Badger Meter | 4.49 Bn | 3.89 Bn | 98.85 Mn | 18.97% |
| 5 | Ceco Environmental | 3.04 Bn | 2.84 Bn | 130.10 Mn | -1.53% |
| 6 | NWPX Infrastructure | 868.49 Mn | 826.57 Mn | 38.19 Mn | 12.50% |
| 7 | Energy Recovery | 373.27 Mn | 35.71 Mn | 4.20 Mn | 3.05% |
| 8 | Cadiz | 280.26 Mn | 245.37 Mn | -24,000.00 | -363.01% |
| 9 | AirJoule Technologies | 174.57 Mn | 54.19 Mn | - | -34.62% |
| 10 | Fuel Tech | 42.77 Mn | -41.13 Mn | 3.91 Mn | -10.87% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -10.87% |
| Jun 30, 2026 | -9.17% |
| Mar 31, 2026 | -7.49% |
| Dec 31, 2025 | -5.74% |
| Sep 30, 2025 | -7.37% |
| Jun 30, 2025 | -7.87% |
| Mar 31, 2025 | -7.11% |
| Dec 31, 2024 | -4.53% |
| Sep 30, 2024 | -1.37% |
| Jun 30, 2024 | -0.50% |
| Mar 31, 2024 | -1.92% |
| Dec 31, 2023 | -3.50% |
| Sep 30, 2023 | -3.19% |
| Jun 30, 2023 | -3.50% |
| Mar 31, 2023 | -1.92% |
| Dec 31, 2022 | -3.22% |
| Sep 30, 2022 | -2.87% |
| Jun 30, 2022 | -2.05% |
| Mar 31, 2022 | -2.94% |
| Dec 31, 2021 | 0.12% |
API Access
Fuel Tech Return on Equity [ROE] 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=return-on-equity-%5Broe%5D&ticker=FTEK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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=return-on-equity-%5Broe%5D&ticker=FTEK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();