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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 $27.1M
LTM EBITDA -$2.1M
$29.9M
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 (LTM) of $27.1M 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| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $27.1M | XXX | $25.1M | XXX | XXX | XXX |
| Gross Profit | $11.7M | XXX | $10.6M | XXX | XXX | XXX |
| Gross Margin | 43% | XXX | 42% | XXX | XXX | XXX |
| EBITDA | -$2.1M | XXX | -$1.4M | XXX | XXX | XXX |
| EBITDA Margin | -8% | XXX | -6% | XXX | XXX | XXX |
| EBIT | -$3.8M | XXX | -$4.7M | XXX | XXX | XXX |
| EBIT Margin | -14% | XXX | -19% | XXX | XXX | XXX |
| Net Profit | -$1.9M | XXX | -$1.9M | XXX | XXX | XXX |
| Net Margin | -7% | XXX | -8% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Fuel Tech's stock price is $2.
Fuel Tech has current market cap of $51.1M, and EV of $29.9M.
See Fuel Tech trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $29.9M | $51.1M | XXX | XXX | XXX | XXX | $-0.06 |
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Start Free TrialAs of May 30, 2025, Fuel Tech has market cap of $51.1M and EV of $29.9M.
Fuel Tech's trades at 1.2x EV/Revenue multiple, and -21.3x EV/EBITDA.
Equity research analysts estimate Fuel Tech's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Fuel Tech has a P/E ratio of -27.4x.
See valuation multiples for Fuel Tech and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $51.1M | XXX | $51.1M | XXX | XXX | XXX |
| EV (current) | $29.9M | XXX | $29.9M | XXX | XXX | XXX |
| EV/Revenue | 1.1x | XXX | 1.2x | XXX | XXX | XXX |
| EV/EBITDA | -14.5x | XXX | -21.3x | XXX | XXX | XXX |
| EV/EBIT | -7.8x | XXX | -6.4x | XXX | XXX | XXX |
| EV/Gross Profit | 2.6x | XXX | n/a | XXX | XXX | XXX |
| P/E | -27.4x | XXX | -26.3x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | -7.8x | 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.
Start Free TrialFuel Tech's last 12 month revenue growth is 15%
Fuel Tech's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
Fuel Tech's rule of 40 is 11% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Fuel Tech's rule of X is 31% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Fuel Tech and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 15% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Margin | -8% | XXX | -6% | XXX | XXX | XXX |
| EBITDA Growth | -20% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | 11% | XXX | 10% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 31% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 61% | 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 |
Valuation data powered by FactSet, Inc.
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 |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| 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 $51.1M |
| What is the current revenue of Fuel Tech? | Fuel Tech's last 12 months revenue is $27.1M. |
| What is the current revenue growth of Fuel Tech? | Fuel Tech revenue growth (NTM/LTM) is 15%. |
| What is the current EV/Revenue multiple of Fuel Tech? | Current revenue multiple of Fuel Tech is 1.1x. |
| Is Fuel Tech profitable? | Yes, Fuel Tech is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Fuel Tech? | Fuel Tech's last 12 months EBITDA is -$2.1M. |
| What is Fuel Tech's EBITDA margin? | Fuel Tech's last 12 months EBITDA margin is -8%. |
| What is the current EV/EBITDA multiple of Fuel Tech? | Current EBITDA multiple of Fuel Tech is -14.5x. |
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