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Fuel Tech Inc is an technology provider of boiler optimization, efficiency improvement, and air pollution reduction to utility and industrial customers. The company operates in two segments, Air Pollution Control and Fuel Chem. The Air Pollution Control technology segment includes technologies to reduce NOx emissions in flue gas from boilers, incinerators, furnaces and other stationary combustion sources. The Fuel Chem technology segment uses chemical processes in combination with Computational Fluid Dynamics and Chemical Kinetics Modeling boiler modeling for the control of slagging, fouling, corrosion, opacity and other sulfur trioxide-related issues in furnaces and boilers through the addition of chemicals into the furnace using TIFI Targeted In-Furnace Injection technology.
1987
72
LTM Revenue $26.6M
LTM EBITDA -$2.1M
$12.2M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Fuel Tech has a last 12-month revenue of $26.6M and a last 12-month EBITDA of -$2.1M.
In the most recent fiscal year, Fuel Tech achieved revenue of $25.1M and an EBITDA of -$1.4M.
Fuel Tech expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Fuel Tech valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $27.1M | $25.1M | XXX | XXX | XXX |
| Gross Profit | $11.6M | $11.7M | XXX | XXX | XXX |
| Gross Margin | 43% | 46% | XXX | XXX | XXX |
| EBITDA | -$1.1M | -$1.4M | XXX | XXX | XXX |
| EBITDA Margin | -4% | -6% | XXX | XXX | XXX |
| Net Profit | -$1.4M | -$1.5M | XXX | XXX | XXX |
| Net Margin | -5% | -6% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Fuel Tech's stock price is $1.
Fuel Tech has current market cap of $30.2M, and EV of $12.2M.
See Fuel Tech trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $12.2M | $30.2M | XXX | XXX | XXX | XXX | $-0.06 |
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Sign UpAs of April 15, 2025, Fuel Tech has market cap of $30.2M and EV of $12.2M.
Fuel Tech's trades at 0.5x LTM EV/Revenue multiple, and -5.8x LTM EBITDA.
Analysts estimate Fuel Tech's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Fuel Tech and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $12.2M | XXX | XXX | XXX |
| EV/Revenue | 0.5x | XXX | XXX | XXX |
| EV/EBITDA | -8.7x | XXX | XXX | XXX |
| P/E | -15.6x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | -3.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpFuel Tech's NTM/LTM revenue growth is 17%
Fuel Tech's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, Fuel Tech's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Fuel Tech's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Fuel Tech and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -7% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -6% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 27% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 11% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 6% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 61% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Arcadis | XXX | XXX | XXX | XXX | XXX | XXX |
| Envipco | XXX | XXX | XXX | XXX | XXX | XXX |
| Cleanaway | XXX | XXX | XXX | XXX | XXX | XXX |
| The Environmental Group | XXX | XXX | XXX | XXX | XXX | XXX |
| EnviroSuite | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Fuel Tech acquired XXX companies to date.
Last acquisition by Fuel Tech was XXXXXXXX, XXXXX XXXXX XXXXXX . Fuel Tech acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Fuel Tech founded? | Fuel Tech was founded in 1987. |
| Where is Fuel Tech headquartered? | Fuel Tech is headquartered in United States of America. |
| How many employees does Fuel Tech have? | As of today, Fuel Tech has 72 employees. |
| Who is the CEO of Fuel Tech? | Fuel Tech's CEO is Mr. Vincent J. Arnone. |
| Is Fuel Tech publicy listed? | Yes, Fuel Tech is a public company listed on NAS. |
| What is the stock symbol of Fuel Tech? | Fuel Tech trades under FTEK ticker. |
| When did Fuel Tech go public? | Fuel Tech went public in 1993. |
| Who are competitors of Fuel Tech? | Similar companies to Fuel Tech include e.g. Arcadis, Envipco, Cleanaway, The Environmental Group. |
| What is the current market cap of Fuel Tech? | Fuel Tech's current market cap is $30.2M |
| What is the current revenue of Fuel Tech? | Fuel Tech's last 12-month revenue is $26.6M. |
| What is the current EBITDA of Fuel Tech? | Fuel Tech's last 12-month EBITDA is -$2.1M. |
| What is the current EV/Revenue multiple of Fuel Tech? | Current revenue multiple of Fuel Tech is 0.5x. |
| What is the current EV/EBITDA multiple of Fuel Tech? | Current EBITDA multiple of Fuel Tech is -5.8x. |
| What is the current revenue growth of Fuel Tech? | Fuel Tech revenue growth between 2023 and 2024 was -7%. |
| Is Fuel Tech profitable? | Yes, Fuel Tech is EBITDA-positive (as of the last 12 months). |
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