Company / Operating Income
FUEL TECH, INC. Operating Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
-$4.7M
FY2025
5-year range
-$4.7M / -$1.5M
FY2021-FY2025
Trend
-76.9%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Operating Income has declined for 3 consecutive years, from -$1M in FY2022 to -$5M in FY2025.
Based on SEC 10-K filings.
-$5M in FY2025.
Declined from -$2M to -$5M over the past 2 years.
Operating Income over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Key checks
Key Insights
- FUEL TECH, INC.'s operating income has declined for 3 consecutive years.
- In FY2025, operating income decreased 76.9% year-over-year.
- Peak operating income was recorded in FY2022.
- Lowest operating income in the period was in FY2016.
Company context
Key Data Points
- Low Piotroski F-Score: 1/9 (multiple financial health concerns)
- Altman Z-Score 3.99 (safe zone, above 2.9 threshold)
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$4.7M | -76.9% |
| FY2024 | -$2.7M | -74.1% |
| FY2023 | -$1.5M | -2.6% |
| FY2022 | -$1.5M | +65.7% |
| FY2021 | -$4.3M | +47.4% |
| FY2020 | -$8.2M | -16.6% |
| FY2019 | -$7.1M | +41.2% |
| FY2018 | -$12.0M | -121.4% |
| FY2017 | -$5.4M | +78.4% |
| FY2016 | -$25.2M | -414.5% |
As of FY2025 · SEC 10-K · Updated Jun 24, 2026