Fuel Tech Inc
Fuel Tech, Inc. engages in the development, commercialization, and application of technologies for air pollution control, process optimization, water treatment. and advanced engineering services to utility and industrial customers. It operates through two segments, Air Pollution Control Technology and FUEL CHEM Technology. The Air Pollution Control Technology segment offers technologies to reduce… Read more
Fuel Tech Inc (FTEK) - Net Assets
Latest net assets as of December 2025: $39.93 Million USD
Based on the latest financial reports, Fuel Tech Inc (FTEK) has net assets worth $39.93 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($47.18 Million) and total liabilities ($7.25 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $39.93 Million |
| % of Total Assets | 84.64% |
| Annual Growth Rate | 7.75% |
| 5-Year Change | -13.57% |
| 10-Year Change | -7.97% |
| Growth Volatility | 53.33 |
Fuel Tech Inc - Net Assets Trend (1992–2025)
This chart illustrates how Fuel Tech Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Fuel Tech Inc (1992–2025)
The table below shows the annual net assets of Fuel Tech Inc from 1992 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $39.93 Million | -4.82% |
| 2024-12-31 | $41.95 Million | -4.02% |
| 2023-12-31 | $43.71 Million | -2.51% |
| 2022-12-31 | $44.84 Million | -2.94% |
| 2021-12-31 | $46.20 Million | +106.98% |
| 2020-12-31 | $22.32 Million | -14.48% |
| 2019-12-31 | $26.10 Million | -23.36% |
| 2018-12-31 | $34.05 Million | -0.84% |
| 2017-12-31 | $34.34 Million | -20.86% |
| 2016-12-31 | $43.39 Million | -26.42% |
| 2015-12-31 | $58.97 Million | -18.43% |
| 2014-12-31 | $72.30 Million | -18.42% |
| 2013-12-31 | $88.62 Million | +5.21% |
| 2012-12-31 | $84.24 Million | -5.37% |
| 2011-12-31 | $89.01 Million | +6.08% |
| 2010-12-31 | $83.91 Million | +7.27% |
| 2009-12-31 | $78.22 Million | +5.97% |
| 2008-12-31 | $73.82 Million | +16.73% |
| 2007-12-31 | $63.24 Million | +32.70% |
| 2006-12-31 | $47.66 Million | +63.56% |
| 2005-12-31 | $29.14 Million | +53.71% |
| 2004-12-31 | $18.95 Million | +9.50% |
| 2003-12-31 | $17.31 Million | +3.01% |
| 2002-12-31 | $16.80 Million | +27.94% |
| 2001-12-31 | $13.13 Million | -9.83% |
| 2000-12-31 | $14.57 Million | +6.33% |
| 1999-12-31 | $13.70 Million | +33.01% |
| 1998-12-31 | $10.30 Million | +98.08% |
| 1997-12-31 | $5.20 Million | -35.00% |
| 1996-12-31 | $8.00 Million | -19.19% |
| 1995-12-31 | $9.90 Million | 0.00% |
| 1994-12-31 | $9.90 Million | -18.18% |
| 1993-12-31 | $12.10 Million | +255.88% |
| 1992-12-31 | $3.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fuel Tech Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 5229600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $322.00K | 0.81% |
| Other Comprehensive Income | $-1.72 Million | -4.30% |
| Other Components | $163.12 Million | 408.50% |
| Total Equity | $39.93 Million | 100.00% |
Fuel Tech Inc Competitors by Market Cap
The table below lists competitors of Fuel Tech Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TV Today Network Limited
NSE:TVTODAY
|
$29.52 Million |
|
NMC Resource Corporation
V:NRC
|
$29.53 Million |
|
ZUARI INDUSTRIES LIMITED
NSE:ZUARIIND
|
$29.53 Million |
|
S Connect Co. LTD
KQ:096630
|
$29.53 Million |
|
Tanami Gold NL
AU:TAM
|
$29.52 Million |
|
Aclara Resources Inc
PINK:ARAAF
|
$29.52 Million |
|
Roche Bobois
PA:RBO
|
$29.52 Million |
|
Malee Group Public Company Limited
BK:MALEE
|
$29.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fuel Tech Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 41,955,000 to 39,932,000, a change of -2,023,000 (-4.8%).
- Net loss of 2,324,000 reduced equity.
- Other comprehensive income increased equity by 197,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.32 Million | -5.82% |
| Other Comprehensive Income | $197.00K | +0.49% |
| Other Changes | $104.00K | +0.26% |
| Total Change | $- | -4.82% |
Book Value vs Market Value Analysis
This analysis compares Fuel Tech Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.98x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.83x to 0.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1992-12-31 | $0.33 | $1.26 | x |
| 1993-12-31 | $1.10 | $1.26 | x |
| 1994-12-31 | $0.83 | $1.26 | x |
| 1995-12-31 | $0.79 | $1.26 | x |
| 1996-12-31 | $0.67 | $1.26 | x |
| 1997-12-31 | $0.42 | $1.26 | x |
| 1998-12-31 | $0.59 | $1.26 | x |
| 1999-12-31 | $0.71 | $1.26 | x |
| 2000-12-31 | $0.74 | $1.26 | x |
| 2001-12-31 | $0.71 | $1.26 | x |
| 2002-12-31 | $0.75 | $1.26 | x |
| 2003-12-31 | $0.77 | $1.26 | x |
| 2004-12-31 | $0.86 | $1.26 | x |
| 2005-12-31 | $1.26 | $1.26 | x |
| 2006-12-31 | $1.97 | $1.26 | x |
| 2007-12-31 | $2.56 | $1.26 | x |
| 2008-12-31 | $3.00 | $1.26 | x |
| 2009-12-31 | $3.24 | $1.26 | x |
| 2010-12-31 | $3.44 | $1.26 | x |
| 2011-12-31 | $3.61 | $1.26 | x |
| 2012-12-31 | $3.58 | $1.26 | x |
| 2013-12-31 | $3.93 | $1.26 | x |
| 2014-12-31 | $3.17 | $1.26 | x |
| 2015-12-31 | $2.55 | $1.26 | x |
| 2016-12-31 | $1.86 | $1.26 | x |
| 2017-12-31 | $1.44 | $1.26 | x |
| 2018-12-31 | $1.41 | $1.26 | x |
| 2019-12-31 | $1.08 | $1.26 | x |
| 2020-12-31 | $0.90 | $1.26 | x |
| 2021-12-31 | $1.56 | $1.26 | x |
| 2022-12-31 | $1.48 | $1.26 | x |
| 2023-12-31 | $1.44 | $1.26 | x |
| 2024-12-31 | $1.37 | $1.26 | x |
| 2025-12-31 | $1.29 | $1.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fuel Tech Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -5.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.71%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.18x
- Recent ROE (-5.82%) is above the historical average (-8.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | -88.24% | -3000.00% | 0.03x | 1.15x | $-3.34 Million |
| 1993 | -19.01% | -2300.00% | 0.01x | 1.03x | $-3.51 Million |
| 1994 | -24.24% | -1200.00% | 0.02x | 1.07x | $-3.39 Million |
| 1995 | -29.29% | -1450.00% | 0.02x | 1.04x | $-3.89 Million |
| 1996 | -22.50% | -900.00% | 0.02x | 1.06x | $-2.60 Million |
| 1997 | -50.00% | -2600.00% | 0.02x | 1.13x | $-3.12 Million |
| 1998 | 4.85% | 1.93% | 1.35x | 1.86x | $-530.00K |
| 1999 | 21.90% | 9.01% | 1.36x | 1.79x | $1.63 Million |
| 2000 | 2.85% | 1.89% | 0.95x | 1.59x | $-1.04 Million |
| 2001 | -12.43% | -9.24% | 0.87x | 1.55x | $-2.95 Million |
| 2002 | 18.19% | 9.37% | 1.26x | 1.54x | $1.38 Million |
| 2003 | 6.47% | 3.13% | 1.65x | 1.25x | $-611.10K |
| 2004 | 8.29% | 5.10% | 1.29x | 1.26x | $-323.50K |
| 2005 | 26.04% | 14.34% | 1.23x | 1.48x | $4.67 Million |
| 2006 | 14.32% | 9.09% | 1.14x | 1.38x | $2.06 Million |
| 2007 | 11.45% | 9.02% | 0.92x | 1.38x | $919.10K |
| 2008 | 4.88% | 4.44% | 0.91x | 1.20x | $-3.78 Million |
| 2009 | -2.95% | -3.23% | 0.77x | 1.18x | $-10.13 Million |
| 2010 | 2.09% | 2.14% | 0.79x | 1.23x | $-6.64 Million |
| 2011 | 6.91% | 6.56% | 0.83x | 1.27x | $-2.75 Million |
| 2012 | 3.30% | 2.84% | 0.92x | 1.26x | $-5.65 Million |
| 2013 | 5.76% | 4.67% | 0.99x | 1.24x | $-3.76 Million |
| 2014 | -24.52% | -22.43% | 0.86x | 1.27x | $-24.96 Million |
| 2015 | -20.99% | -16.81% | 0.97x | 1.29x | $-18.28 Million |
| 2016 | -40.07% | -31.52% | 0.95x | 1.33x | $-21.73 Million |
| 2017 | -31.98% | -24.32% | 0.89x | 1.47x | $-14.42 Million |
| 2018 | -0.08% | -0.05% | 1.09x | 1.52x | $-3.43 Million |
| 2019 | -30.09% | -25.77% | 0.96x | 1.21x | $-10.46 Million |
| 2020 | -19.17% | -18.97% | 0.75x | 1.35x | $-6.51 Million |
| 2021 | 0.12% | 0.22% | 0.49x | 1.08x | $-4.57 Million |
| 2022 | -3.22% | -5.35% | 0.54x | 1.12x | $-5.93 Million |
| 2023 | -3.52% | -5.68% | 0.54x | 1.15x | $-5.91 Million |
| 2024 | -4.63% | -7.73% | 0.52x | 1.16x | $-6.14 Million |
| 2025 | -5.82% | -8.71% | 0.57x | 1.18x | $-6.32 Million |
Industry Comparison
This section compares Fuel Tech Inc's net assets metrics with peer companies in the Pollution & Treatment Controls industry.
Industry Context
- Industry: Pollution & Treatment Controls
- Average net assets among peers: $116,251,589
- Average return on equity (ROE) among peers: -23.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fuel Tech Inc (FTEK) | $39.93 Million | -88.24% | 0.18x | $29.52 Million |
| Aduro Clean Technologies Inc. Common Stock (ADUR) | $2.39 Million | -212.16% | 0.35x | $109.58 Million |
| Aker Carbon Capture ASA (AKCCF) | $1.08 Billion | -17.93% | 0.50x | $8.31 Million |
| K.B. Recycling Industries Ltd (AKMYF) | $4.66 Million | -143.64% | 1.06x | $1.84 Million |
| Amanasu Environment Corporation (AMSU) | $319.63K | -23.90% | 0.30x | $1.65K |
| Arq Inc (ARQ) | $76.17 Million | 126.79% | 0.41x | $61.67 Million |
| Active Energy Group PLC (ATGVF) | $-6.72 Million | 0.00% | 0.00x | $85.59K |
| Atmofizer Technologies Inc (ATMFF) | $16.71 Million | 6.09% | 0.23x | $527.96K |
| Birchtech Corp. (BCHT) | $-13.20 Million | 0.00% | 0.00x | $35.09 Million |
| BIOREM Inc (BIRMF) | $6.72 Million | 32.43% | 2.58x | $24.28 Million |
| Bion Environmental Technologies Inc (BNET) | $-802.00K | 0.00% | 0.00x | $3.71 Million |