Fuel Tech (FTEK) Tax Rate (2010 - 2025)
Fuel Tech (FTEK) reported Tax Rate of -0.82% for Q2 2026, down 0.24 percentage points from -0.58% a year earlier and down 0.89 percentage points from the prior quarter.
Powered by 
Analysis
Fuel Tech (FTEK) Tax Rate (2010 - 2025) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Fuel Tech's Tax Rate came in at -0.58%, up 1.44 percentage points year-over-year; for FY2025, it was -0.65%, up 3.48 percentage points from FY2024.
- Tax Rate has a five-year change of +0.70 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at -4.13% in FY2024 (+0.57 pp), -4.70% in FY2023 (-0.81 pp), -3.89% in FY2022 (-24.48 pp) and 20.59% in FY2021 (+21.94 pp).
- The Q2 2026 figure ranks as the lowest quarterly Tax Rate since Q4 2024.
- Year over year, Tax Rate gained in four of the last five quarters, with an average year-over-year change of +3.20 percentage points.
- The high point for year-over-year Tax Rate in five years was Q4 2024 (a gain of 11.45 percentage points); the low point was Q4 2022 (a drop of 10.94 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 0.07% (Q1 2026), -0.33% (Q4 2025) and 2.26% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 77.03 Bn | 68.81 Bn | 1.95 Bn | 22.33% |
| 2 | Xylem | 23.64 Bn | 19.13 Bn | 963.00 Mn | 28.30% |
| 3 | Veralto | 23.04 Bn | 15.69 Bn | 902.00 Mn | 16.61% |
| 4 | Badger Meter | 3.58 Bn | 2.86 Bn | 90.77 Mn | 25.18% |
| 5 | Ceco Environmental | 3.02 Bn | 2.85 Bn | 86.47 Mn | - |
| 6 | NWPX Infrastructure | 993.21 Mn | 954.68 Mn | 34.36 Mn | 26.28% |
| 7 | Energy Recovery | 341.34 Mn | 16.50 Mn | 8.96 Mn | - |
| 8 | Cadiz | 329.91 Mn | 298.36 Mn | -24,000.00 | - |
| 9 | AirJoule Technologies | 286.05 Mn | 165.68 Mn | - | - |
| 10 | Fuel Tech | 50.57 Mn | -41.36 Mn | 2.68 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 2.26% |
| Sep 30, 2024 | 1.23% |
| Mar 31, 2024 | 3.77% |
| Dec 31, 2018 | 3.33% |
| Dec 31, 2013 | 36.36% |
| Sep 30, 2013 | 33.69% |
| Jun 30, 2013 | 38.29% |
| Dec 31, 2012 | 103.20% |
| Sep 30, 2012 | 24.24% |
| Jun 30, 2012 | 36.45% |
| Mar 31, 2012 | 37.98% |
| Dec 31, 2011 | 41.62% |
| Sep 30, 2011 | 5.98% |
| Jun 30, 2011 | 43.12% |
| Mar 31, 2011 | 50.84% |
| Dec 31, 2010 | 55.88% |
| Sep 30, 2010 | 46.91% |
API Access
Fuel Tech Tax Rate 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=tax-rate&ticker=FTEK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=FTEK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();