Fuel Tech, Inc. revenue
Fuel Tech, Inc.'s revenue was $26.7m in fiscal 2025, up 6.1% on the year before. Since fiscal 2009 ($71.4m) it has grown at a compound -6.0% a year. Over the last twelve months it was $27.3m.
Revenue history
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 71 | 82 | 94 | 98 | 109 | 79 | 74 | 55 | 45 | 57 | 30 | 23 | 24 | 27 | 27 | 25 | 27 | 27 |
| Growth on the year before | — | +14.6% | +14.5% | +4.2% | +12.0% | −27.7% | −6.8% | −25.1% | −18.1% | +25.2% | −46.1% | −26.0% | +7.6% | +11.0% | +0.5% | −7.2% | +6.1% | — |
| Gross profit | 29 | 35 | 44 | 41 | 47 | 35 | 29 | 19 | 18 | 20 | 11 | 11 | 12 | 12 | 12 | 11 | 12 | 12 |
| Gross margin | 40.6% | 42.8% | 46.8% | 41.7% | 42.8% | 44.5% | 38.8% | 34.1% | 39.9% | 35.5% | 35.5% | 47.2% | 49.0% | 43.2% | 43.0% | 42.3% | 46.4% | 44.7% |
Where the revenue comes from
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| FUELCHEM | $17.8M | 66.6% | ▲ 27.9% |
| Air Pollution Control | $8.9M | 33.4% | ▼ 20.8% |
| All Other Segments | $0 | 0.0% | — |
| Region | Revenue | Share | YoY |
|---|---|---|---|
| United States | $21M | 78.8% | ▲ 18.1% |
| Outside the US | $5.7M | 21.2% | ▼ 22.9% |
| Pacific Rim and Other Geographical Areas (part of Outside the US) | $2.4M | 42.3% | ▲ 41.4% |
| Europe (part of Outside the US) | $2.2M | 39.6% | ▲ 4.3% |
| Americas (part of Outside the US) | $707,000 | 12.5% | ▼ 23.5% |
| ZA (part of Outside the US) | $318,000 | 5.6% | ▼ 87.6% |
| China | $0 | 0.0% | — |
From Fuel Tech, Inc.'s 10-K filed March 3, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
Revenue against peers
| Company | Revenue | Growth | 3-year growth a year |
|---|---|---|---|
| Fuel Tech, Inc. | $27.3m | 8.9% | -0.6% |
| Chicago Rivet & Machine Co | $27.4m | 7.1% | -5.2% |
| Tecogen Inc. | $24.6m | -6.5% | 1.8% |
| Aetherion Technologies Inc. | $23.3m | -42.7% | -47.8% |
| CPS Technologies Corp | $32.3m | 25.6% | 5.7% |
| Techprecision Corp | $33.4m | -0.2% | 1.7% |
Compare with peers
- Chicago Rivet & Machine Co revenue
- Tecogen Inc. revenue
- Aetherion Technologies Inc. revenue
- CPS Technologies Corp revenue
- Techprecision Corp revenue
Head to head: CVR vs FTEKFTEK vs TGENAETR vs FTEKCPSH vs FTEK
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