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Fuel Tech, Inc. (FTEK) is a non-energy raw materials company in the production enhancement chemical production industry, based in Warrenville, United States, with about 77 full-time employees.
It reported revenue of $25.13 million for fiscal year 2024, down 7.2% from fiscal year 2023, and net income of -$1.94 million. In Q3 2025 (the quarter ended September 30, 2025) revenue was $7.49 million, down 4.6% from a year before. Its largest business segment, Fuel Chem, brought in 67% of segment revenue in fiscal year 2025; United States was the largest region with 79%. Its market capitalization was $51.42 million as of October 9, 2026.
Figures from company filings and market data; latest fiscal year ended December 31, 2024; market data as of October 9, 2026.
Fuel Tech, Inc. engages in the development, commercialization, and application of technologies for air pollution control, process optimization, water treatment, and advanced engineering services to utility and industrial customers in the United States, rest of the Americas, Europe, South Africa, the Pacific Rim, and internationally.
Fuel Tech reported $25.13 million in revenue for fiscal year 2024, down 7.2% from $27.08 million in fiscal year 2023. In Q3 2025 revenue was $7.49 million.
Fuel Chem, with $17.77 million or 67% of segment revenue in fiscal year 2025. Next: Air Pollution Control (33%).
United States: 79% of revenue by region in fiscal year 2025, followed by Pacific Rim and Other (9%).
$51.42 million as of October 9, 2026.
Listed companies of a similar size in the same industry (production enhancement chemical production) include NewMarket Corporation (NEU), Tetra Technologies, Inc. (TTI), Flotek Industries, Inc. (FTK), CDTi Advanced Materials, Inc. (CDTI).