Company / Working Capital
FUEL TECH, INC. Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
$25.7M
FY2025
5-year range
$23.8M / $38.2M
FY2021-FY2025
Trend
+8.0%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Working Capital has fluctuated over the past 10 years, ranging from $16M in FY2020 to $38M in FY2021.
Based on SEC 10-K filings.
$26M in FY2025 with a 5-year CAGR of +10.6%.
Declined from $33M to $26M over the past 2 years.
Working Capital over time
Growth rates
- 3-Year CAGR
- -6.2%
- 5-Year CAGR
- +10.6%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of +10.6%, indicating consistent growth.
- In FY2025, working capital increased 8.0% year-over-year.
- Peak working capital was recorded in FY2021.
- Lowest working capital in the period was in FY2020.
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 | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $25.7M | +8.0% |
| FY2024 | $23.8M | -27.2% |
| FY2023 | $32.6M | +5.1% |
| FY2022 | $31.1M | -18.8% |
| FY2021 | $38.2M | +146.1% |
| FY2020 | $15.5M | -6.9% |
| FY2019 | $16.7M | -29.1% |
| FY2018 | $23.6M | +30.7% |
| FY2017 | $18.0M | -32.2% |
| FY2016 | $26.6M | -25.9% |
As of FY2025 · SEC 10-K · Updated Jun 24, 2026