Fuel Tech vs Tecogen
Fuel Tech and Tecogen are similar in size: $26.7m and $27.1m of revenue in their latest fiscal years. Tecogen grew faster (19.7% against 6.1%). Fuel Tech kept more of each dollar of sales as profit: a net margin of -8.7% against -30.5%.
| Latest fiscal year | Fuel TechFTEK, 2025 | TecogenTGEN, 2025 |
|---|---|---|
| Revenue | $26.7m | $27.1m |
| Revenue growth | 6.1% | 19.7% |
| Net income | −$2.3m | −$8.2m |
| Operating margin | -13.8% | — |
| Net margin | -8.7% | -30.5% |
| Return on equity | -5.7% | -51.8% |
| Free cash flow | $2.3m | −$10.3m |
| Cash | $11.9m | $12.4m |
| Total debt | $0 | $0 |
| Debt to equity | 0.0% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $222,000 | — |
| Employees | 77 | 119 |
| Market value | $44.6m | $55.7m |
| Price vs our value range | — | — |
| Moat score | 34 (Weak) | 35 (Weak) |
| Insider trades, 12 months | 2 buys, 0 sales | 8 buys, 0 sales |