Fuel Tech annual free cash flow
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2025
Fuel Tech Free Cash Flow (FCF) History (FTEK)
Fuel Tech reported $2.3M in free cash flow for fiscal 2025, an increase of $6.2M from the previous fiscal year, with a free cash flow margin of 8.78%.
View full Fuel Tech company overviewFuel Tech free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.3M | $6.2M | — | +8.78% |
| 2024 | 2024-12-31 | −$3.8M | −$4.1M | — | −15.16% |
| 2023 | 2023-12-31 | $278,000 | $4.6M | — | +1.03% |
| 2022 | 2022-12-31 | −$4.3M | −$5.0M | — | −16.13% |
| 2021 | 2021-12-31 | $677,000 | $3.6M | — | +2.79% |
| 2020 | 2020-12-31 | −$3.0M | $983,000 | — | −13.10% |
| 2019 | 2019-12-31 | −$3.9M | −$8.3M | — | −12.92% |
| 2018 | 2018-12-31 | $4.4M | $8.4M | — | +7.71% |
| 2017 | 2017-12-31 | −$4.1M | −$382,000 | — | −8.99% |
| 2016 | 2016-12-31 | −$3.7M | −$9.8M | — | −6.67% |
| 2015 | 2015-12-31 | $6.1M | $3.5M | +133.19% | +8.32% |
| 2014 | 2014-12-31 | $2.6M | $1.5M | +141.45% | +3.32% |
| 2013 | 2013-12-31 | $1.1M | −$5.0M | −82.26% | +1.00% |
| 2012 | 2012-12-31 | $6.1M | $3.7M | +150.33% | +6.28% |
| 2011 | 2011-12-31 | $2.5M | −$7.5M | −75.46% | +2.62% |
| 2010 | 2010-12-31 | $10.0M | −$1.6M | −14.00% | +12.21% |
| 2009 | 2009-12-31 | $11.6M | — | — | +16.26% |
Fuel Tech quarterly free cash flow
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Q3.24
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Q1.25
Q2.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$971,000 | −$914,000 | — | −14.97% |
| Q1 2026 | 2026-03-31 | −$1.2M | −$2.6M | — | −19.23% |
| Q4 2025 | 2025-12-31 | −$2.0M | −$300,000 | — | −27.74% |
| Q3 2025 | 2025-09-30 | $3.0M | $2.2M | +286.70% | +39.60% |
| Q2 2025 | 2025-06-30 | −$57,000 | $1.6M | — | −1.03% |
| Q1 2025 | 2025-03-31 | $1.4M | $2.6M | — | +22.61% |
| Q4 2024 | 2024-12-31 | −$1.7M | −$1.8M | — | −32.37% |
| Q3 2024 | 2024-09-30 | $767,000 | $491,000 | +177.90% | +9.77% |
| Q2 2024 | 2024-06-30 | −$1.7M | −$613,000 | — | −23.84% |
| Q1 2024 | 2024-03-31 | −$1.2M | −$2.2M | — | −23.99% |
| Q4 2023 | 2023-12-31 | $88,000 | $1.7M | — | +1.39% |
| Q3 2023 | 2023-09-30 | $276,000 | −$406,000 | −59.53% | +3.46% |
| Q2 2023 | 2023-06-30 | −$1.1M | $594,000 | — | −19.52% |
| Q1 2023 | 2023-03-31 | $980,000 | $2.8M | — | +13.45% |
| Q4 2022 | 2022-12-31 | −$1.6M | −$1.3M | — | −22.33% |
| Q3 2022 | 2022-09-30 | $682,000 | $686,000 | — | +8.51% |
| Q2 2022 | 2022-06-30 | −$1.7M | −$1.9M | — | −26.07% |
| Q1 2022 | 2022-03-31 | −$1.8M | −$1.6M | — | −32.50% |
| Q4 2021 | 2021-12-31 | −$311,000 | −$854,000 | — | −4.82% |
| Q3 2021 | 2021-09-30 | −$4,000 | −$43,000 | — | −0.05% |
| Q2 2021 | 2021-06-30 | $221,000 | $1.8M | — | +4.24% |
| Q1 2021 | 2021-03-31 | −$229,000 | $1.7M | — | −4.55% |
| Q4 2020 | 2020-12-31 | $543,000 | $1.7M | — | +8.74% |
| Q3 2020 | 2020-09-30 | $39,000 | −$371,000 | −90.49% | +0.48% |
| Q2 2020 | 2020-06-30 | −$1.6M | −$3.6M | — | −36.74% |
| Q1 2020 | 2020-03-31 | −$1.9M | $3.3M | — | −50.79% |
| Q4 2019 | 2019-12-31 | −$1.2M | −$8.6M | — | −23.72% |
| Q3 2019 | 2019-09-30 | $410,000 | −$260,000 | −38.81% | +6.35% |
| Q2 2019 | 2019-06-30 | $2.0M | $3.1M | — | +22.32% |
| Q1 2019 | 2019-03-31 | −$5.2M | −$2.6M | — | −51.00% |
| Q4 2018 | 2018-12-31 | $7.4M | $5.5M | +280.54% | +46.84% |
| Q3 2018 | 2018-09-30 | $670,000 | $1.2M | — | +4.17% |
| Q2 2018 | 2018-06-30 | −$1.1M | $2.7M | — | −9.30% |
| Q1 2018 | 2018-03-31 | −$2.6M | −$907,000 | — | −20.51% |
| Q4 2017 | 2017-12-31 | $1.9M | $3.0M | — | +8.91% |
| Q3 2017 | 2017-09-30 | −$561,000 | −$427,000 | — | −4.14% |
| Q2 2017 | 2017-06-30 | −$3.8M | −$6.9M | — | −38.68% |
| Q1 2017 | 2017-03-31 | −$1.7M | $4.0M | — | −20221.41% |
| Q4 2016 | 2016-12-31 | −$1.0M | −$8.8M | — | −10.90% |
| Q3 2016 | 2016-09-30 | −$134,000 | −$227,000 | — | −1.06% |
| Q2 2016 | 2016-06-30 | $3.2M | $5.7M | — | +20.94% |
| Q1 2016 | 2016-03-31 | −$5.7M | −$6.5M | — | −31.87% |
| Q4 2015 | 2015-12-31 | $7.7M | $4.4M | +129.51% | +42.43% |
| Q3 2015 | 2015-09-30 | $93,000 | −$2.3M | −96.07% | +0.43% |
| Q2 2015 | 2015-06-30 | −$2.5M | −$1.6M | — | −13.54% |
| Q1 2015 | 2015-03-31 | $839,000 | $3.0M | — | +5.56% |
| Q4 2014 | 2014-12-31 | $3.4M | $50,000 | +1.51% | +18.01% |
| Q3 2014 | 2014-09-30 | $2.4M | $2.8M | — | +11.01% |
| Q2 2014 | 2014-06-30 | −$941,000 | −$8.1M | — | −4.66% |
| Q1 2014 | 2014-03-31 | −$2.2M | $6.8M | — | −11.59% |
| Q4 2013 | 2013-12-31 | $3.3M | $1.6M | +98.50% | +13.69% |
| Q3 2013 | 2013-09-30 | −$409,000 | −$1.3M | — | −1.22% |
| Q2 2013 | 2013-06-30 | $7.1M | $8.3M | — | +24.53% |
| Q1 2013 | 2013-03-31 | −$9.0M | −$13.6M | — | −39.83% |
| Q4 2012 | 2012-12-31 | $1.7M | $584,000 | +53.78% | +6.27% |
| Q3 2012 | 2012-09-30 | $889,000 | −$796,000 | −47.24% | +3.57% |
| Q2 2012 | 2012-06-30 | −$1.1M | −$3.6M | — | −5.32% |
| Q1 2012 | 2012-03-31 | $4.7M | $7.5M | — | +18.59% |
| Q4 2011 | 2011-12-31 | $1.1M | −$1.6M | −59.60% | +3.88% |
| Q3 2011 | 2011-09-30 | $1.7M | — | — | +7.01% |
| Q2 2011 | 2011-06-30 | $2.4M | — | — | +12.88% |
| Q1 2011 | 2011-03-31 | −$2.8M | — | — | −12.24% |
| Q3 2010 | 2010-09-30 | $2.7M | — | — | +13.26% |
Fuel Tech free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from −$3.0M to $2.3M, a net increase of $5.3M. Fuel Tech's latest reported quarter, Q2 2026, generated −$971,000 in free cash flow, a decrease of $914,000 year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Fuel Tech filings at SEC.gov ↗