Stock Ratings / Industrials / FTEK / financials

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Fuel Tech Inc. (FTEK) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$1.48 -5.13% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot)

Fuel Tech Inc. (FTEK) carries a Roarable Rating of D (Sell) with 47/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D • SELL / AVOID Cap $46.2M

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INTERACTIVE SCENARIO DECK:

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RQD QUANT TACHOMETERSELL / AVOID • D

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Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D- · Rk D+

Each axis scored 0–20

12M PRICE TARGET CONE-4.7% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for FTEK)Realized 20D OHLCV Swing Band: ±12.5%

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How FTEK Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$3.0M (11.3% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $27.1M

FY24

Rev $25.1M

FY25

Rev $26.7M

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$26.7M	46.4%	-13.8%	-$2.3M	$3.0M	-10.4%
FY 2024	$25.1M	42.3%	-18.7%	-$1.9M	-$3.4M	-11.1%
FY 2023	$27.1M	46.4%	-9.8%	-$1.5M	$696.0K	-10.4%

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Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring FTEK)

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FTEK // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -5.73%▼ DESCENDING CHANNEL

2026-10-30O $1.48H $1.48L $1.43C $1.48VOL 72.4K

RES: $1.74SUP: $1.29SMA50: $1.57SMA200: $1.48

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

FTEK Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 FTEK Butterfly Map → + Track FTEK →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

8.0%/yr Implied 5Y Growth

vs. +6.1% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on FTEK today. View full Setup Ledger →

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No direct multi-tier Butterfly edges indexed yet for FTEK. Explore sector supply chains on /butterfly.

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DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (FTEK)

Industrials Rank #330 of 485 ⚔️ PPIH vs FTEK Full Matrix →

1. Head-to-Head Industrials Peer Comparison (FTEK vs. PPIH, DCI, MAIR, MNTS)

Industry: Pollution Control Equipment (4 Tracked Issuers)

Across 485 tracked Industrials securities in the Roarable RQD universe, Fuel Tech Inc. (FTEK) ranks #330 by composite RQD confidence (47/100, grade D) and #410 by equity capitalization ($46.2M). Within this direct 5-issuer industry benchmark cohort, PPIH leads on earnings valuation at 14.4x trailing P/E, while PPIH leads on capital efficiency and profitability with 27.5% ROIC and 32.9% gross margin. DCI currently holds the highest overall quantitative score in the immediate peer group at 58/100 (D+) compared with FTEK at 47/100 (D).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
FTEK ACTIVE Fuel Tech Inc.	D	47/100	—	46.4%	-10.4%	-5.13%	$46.2M	Benchmark Subject
PPIH Perma-Pipe International Holdings Inc.	D	51/100	14.4x	32.9%	27.5%	+1.11%	$245.6M	/ppih-vs-ftek →
DCI Donaldson Company Inc.	D+	58/100	26.9x	34.8%	19.5%	+0.27%	$9.89B	/dci-vs-ftek →
MAIR Madison Air Solutions Corporation	D	49/100	32.8x	—	13.6%	+2.85%	$12.32B	/mair-vs-ftek →
MNTS Momentus Inc. (Class A)	E	33/100	—	96.0%	-35.0%	+0.47%	$46.8M	/mnts-vs-ftek →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0000846913

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Fuel Tech Inc. (FTEK) reported GAAP revenue of $26.7M (+6.1% vs. FY2024 revenue of $25.1M , and -1.5% cumulative change since FY2023) , GAAP net income of -$2.3M, operating cash flow of $3.0M, and free cash flow of $3.0M (+187.9% YoY). On the balance sheet, FTEK closed FY2025 with $47.2M in total assets against $0 in total debt (Altman Z-Score: 1.17, Piotroski F-Score: 6/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$26.7M	-$2.3M	$3.0M	$3.0M	$47.2M	—
FY2024 (FY)	2024-12-31	$25.1M	-$1.9M	-$3.4M	-$3.4M	$48.8M	—
FY2023 (FY)	2023-12-31	$27.1M	-$1.5M	$696.0K	$696.0K	—	—

3. FTEK Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is FTEK stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, Fuel Tech Inc. (NASDAQ: FTEK) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 47/100 at a spot price of $1.48 (-5.13% 1D, market cap $46.2M). Pillar breakdown: Fundamental Cash Engine 9/20, Institutional 13F & Options Flow 7/20, Executive Insider Alignment 8/20, FRED Macro Regime Fit 14/20, and SEC Balance-Sheet Forensics 9/20. Across 485 tracked Industrials issuers, FTEK ranks #330 in composite RQD confidence.

How does FTEK compare to PPIH and DCI in the Industrials sector?

Within the Industrials sector (Pollution Control Equipment), FTEK carries a Roarable D (47/100 RQD), trailing P/E of N/A, gross margin of 46.4%, and ROIC of -10.4%. By comparison, PPIH (Perma-Pipe International Holdings Inc.) holds a D grade (51/100 RQD, P/E 14.4x, ROIC 27.5%, cap $245.6M) and DCI (Donaldson Company Inc.) posts a D+ grade (58/100 RQD, P/E 26.9x, ROIC 19.5%, cap $9.89B). Among the 5-stock peer group, PPIH leads on earnings multiple (14.4x) while PPIH leads on capital efficiency (27.5% ROIC).

What are the biggest fundamental strengths and SEC risk factors for FTEK?

Per FTEK's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000846913), Fuel Tech Inc. generated $26.7M in revenue (+6.1% YoY), -$2.3M in net income, and $3.0M in free cash flow against $47.2M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Industrials with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is FTEK trading relative to its 50-day, 200-day, and 52-week technical levels?

FTEK last traded at $1.48 (-5.13% on volume of 93,549 shares), positioning the stock -5.73% below its 50-day simple moving average ($1.57) and 0.00% above its 200-day simple moving average ($1.48). Across its 52-week range of $1.17 to $2.68, FTEK sits at the 20.5% percentile with a 14-day RSI of 44.2 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($1.30 to $1.66).

FTEK Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is Fuel Tech Inc. (FTEK)?

In FY 2025 (10-K), FTEK converted $26.7M of revenue into a 46.4% gross margin, 0% operating margin, and $3.0M in free cash flow (11.3% FCF margin).

Direct Sub-Reports: FTEK RQD Cockpit FTEK 12M Forecast FTEK Earnings & Move FTEK Dividends & DRIP FTEK Insiders & 13F FTEK Whale Options FTEK Profit Sankey FTEK News & Why