Fuel Tech (FTEK) Revenue & Revenue Breakdown
Fuel Tech Revenue Highlights
Latest Revenue (Y)
$27.08M
Latest Revenue (Q)
$7.04M
Main Segment (Y)
FUEL CHEM
Main Geography (Y)
UNITED STATES
Fuel Tech Revenue by Period
Fuel Tech Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $27.08M | 0.52% |
| 2022-12-31 | $26.94M | 11.05% |
| 2021-12-31 | $24.26M | 7.59% |
| 2020-12-31 | $22.55M | -25.99% |
| 2019-12-31 | $30.47M | -46.11% |
| 2018-12-31 | $56.53M | 25.17% |
| 2017-12-31 | $45.17M | -18.12% |
| 2016-12-31 | $55.16M | -25.12% |
| 2015-12-31 | $73.66M | -6.77% |
| 2014-12-31 | $79.02M | -27.73% |
| 2013-12-31 | $109.34M | 11.98% |
| 2012-12-31 | $97.64M | 4.24% |
| 2011-12-31 | $93.67M | 14.52% |
| 2010-12-31 | $81.80M | 14.56% |
| 2009-12-31 | $71.40M | -11.94% |
| 2008-12-31 | $81.07M | 0.97% |
| 2007-12-31 | $80.30M | 6.90% |
| 2006-12-31 | $75.11M | 41.92% |
| 2005-12-31 | $52.93M | 71.67% |
| 2004-12-31 | $30.83M | -13.72% |
| 2003-12-31 | $35.74M | 9.53% |
| 2002-12-31 | $32.63M | 84.63% |
| 2001-12-31 | $17.67M | -19.33% |
| 2000-12-31 | $21.91M | -34.22% |
| 1999-12-31 | $33.30M | 28.57% |
| 1998-12-31 | $25.90M | 25800.00% |
| 1997-12-31 | $100.00K | -50.00% |
| 1996-12-31 | $200.00K | - |
| 1995-12-31 | $200.00K | - |
| 1994-12-31 | $200.00K | 100.00% |
| 1993-12-31 | $100.00K | - |
Fuel Tech generated $27.08M in revenue during NA 2023, up 0.52% compared to the previous quarter, and up 47.90% compared to the same period a year ago.
Fuel Tech Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $7.04M | 42.06% |
| 2024-03-31 | $4.96M | -21.88% |
| 2023-12-31 | $6.34M | -20.57% |
| 2023-09-30 | $7.99M | 46.27% |
| 2023-06-30 | $5.46M | -25.06% |
| 2023-03-31 | $7.29M | 3.79% |
| 2022-12-31 | $7.02M | -12.42% |
| 2022-09-30 | $8.02M | 25.90% |
| 2022-06-30 | $6.37M | 15.05% |
| 2022-03-31 | $5.54M | -14.20% |
| 2021-12-31 | $6.45M | -14.66% |
| 2021-09-30 | $7.56M | 44.86% |
| 2021-06-30 | $5.22M | 3.68% |
| 2021-03-31 | $5.03M | -19.03% |
| 2020-12-31 | $6.22M | -23.78% |
| 2020-09-30 | $8.15M | 85.30% |
| 2020-06-30 | $4.40M | 16.49% |
| 2020-03-31 | $3.78M | -23.09% |
| 2019-12-31 | $4.91M | -23.87% |
| 2019-09-30 | $6.45M | -27.89% |
| 2019-06-30 | $8.95M | -11.89% |
| 2019-03-31 | $10.15M | -35.84% |
| 2018-12-31 | $15.83M | -1.51% |
| 2018-09-30 | $16.07M | 35.65% |
| 2018-06-30 | $11.85M | -7.38% |
| 2018-03-31 | $12.79M | -4.44% |
| 2017-12-31 | $13.39M | -1.20% |
| 2017-09-30 | $13.55M | 39.08% |
| 2017-06-30 | $9.74M | 14.72% |
| 2017-03-31 | $8.49M | -11.26% |
| 2016-12-31 | $9.57M | -24.04% |
| 2016-09-30 | $12.60M | -17.00% |
| 2016-06-30 | $15.18M | -14.85% |
| 2016-03-31 | $17.82M | -2.08% |
| 2015-12-31 | $18.20M | -16.04% |
| 2015-09-30 | $21.68M | 16.03% |
| 2015-06-30 | $18.68M | 23.70% |
| 2015-03-31 | $15.10M | -19.17% |
| 2014-12-31 | $18.68M | -13.02% |
| 2014-09-30 | $21.48M | 6.40% |
| 2014-06-30 | $20.19M | 8.19% |
| 2014-03-31 | $18.66M | -22.91% |
| 2013-12-31 | $24.21M | -27.86% |
| 2013-09-30 | $33.55M | 15.34% |
| 2013-06-30 | $29.09M | 29.39% |
| 2013-03-31 | $22.48M | -15.52% |
| 2012-12-31 | $26.61M | 6.85% |
| 2012-09-30 | $24.91M | 19.11% |
| 2012-06-30 | $20.91M | -17.06% |
| 2012-03-31 | $25.21M | -9.96% |
| 2011-12-31 | $28.00M | 16.56% |
| 2011-09-30 | $24.02M | 26.30% |
| 2011-06-30 | $19.02M | -15.92% |
| 2011-03-31 | $22.62M | -9.50% |
| 2010-12-31 | $25.00M | 23.27% |
| 2010-09-30 | $20.28M | 7.28% |
| 2010-06-30 | $18.90M | 7.29% |
| 2010-03-31 | $17.62M | -5.71% |
| 2009-12-31 | $18.68M | 13.40% |
| 2009-09-30 | $16.48M | -12.93% |
| 2009-06-30 | $18.92M | 9.27% |
| 2009-03-31 | $17.32M | -4.39% |
| 2008-12-31 | $18.11M | -23.58% |
| 2008-09-30 | $23.70M | 26.14% |
| 2008-06-30 | $18.79M | -8.19% |
| 2008-03-31 | $20.47M | -37.18% |
| 2007-12-31 | $32.58M | - |
Fuel Tech generated $7.04M in revenue during Q2 2024, up 42.06% compared to the previous quarter, and up 96.64% compared to the same period a year ago.
Fuel Tech Revenue Breakdown
Fuel Tech Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| FUEL CHEM | $13.60M | $16.34M | $17.36M | $13.99M | - |
| Air Pollution Control | $9.50M | $10.60M | $6.90M | $8.56M | - |
| Other Segments | - | - | - | - | - |
| Fuel Chem Segment | - | - | - | - | $16.39M |
| Air Pollution Control Segment | - | - | - | - | $14.08M |
Fuel Tech's latest annual revenue breakdown by segment (product or service), as of Dec 23: FUEL CHEM (58.88%), and Air Pollution Control (41.12%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Air Pollution Control | $1.66M | $247.00K | $3.71M | $2.56M | $2.98M | $2.93M | $2.73M | $2.74M | $2.20M | $3.06M | $1.94M | $986.00K | $907.00K | $2.54M | $-304.00K | - | - | - | - | - |
| FUEL CHEM | $2.64M | $3.55M | $4.28M | $2.04M | $3.73M | $4.09M | $5.29M | $3.63M | $3.33M | $3.39M | $5.62M | $4.23M | $4.13M | $3.68M | $2.55M | - | - | - | - | - |
| Other Segments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Fuel Chem Segment | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.46M | $2.58M | $3.24M | $4.64M | $4.14M |
| Air Pollution Control Segment | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.94M | $1.20M | $1.67M | $1.82M | $4.80M |
Fuel Tech's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: FUEL CHEM (61.33%), and Air Pollution Control (38.67%).
Fuel Tech Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Non-US | $6.02M | $4.75M | $4.58M | - | - |
| Europe | $3.06M | $1.89M | $2.32M | - | - |
| Asia | $2.38M | $2.50M | $1.49M | - | - |
| Americas | $577.00K | - | - | - | - |
| UNITED STATES | $21.06M | $19.52M | $25.88M | - | - |
| CHINA | - | $3.00K | $24.00K | - | - |
| Americas, Excluding United States | - | - | $356.00K | - | - |
| South America | - | - | - | - | $777.00K |
Fuel Tech's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (63.63%), Non-US (18.18%), Europe (9.26%), Asia (7.18%), and Americas (1.74%).
Quarterly Revenue by Country
| Country | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asia | $191.00K | $1.19M | $1.19M | $1.11M | $1.37M | $1.46M | $726.00K | $187.00K | $120.00K | $583.00K | $835.00K | $142.00K | $77.00K | $160.00K | $701.00K | - | - | - | - | - |
| Latin America | $315.00K | $157.00K | $60.00K | $69.00K | $121.00K | $142.00K | $75.00K | $195.00K | - | - | - | - | - | - | - | - | - | - | - | - |
| Non-US | $1.36M | $3.67M | $2.35M | $2.09M | $1.85M | $2.04M | $1.51M | $630.00K | $570.00K | $1.68M | $1.09M | $681.00K | $1.13M | $725.00K | $1.39M | - | - | - | - | - |
| UNITED STATES | $3.60M | $15.42M | $5.64M | $4.28M | $3.69M | $4.42M | $6.05M | $4.59M | $4.46M | $6.47M | $3.31M | $3.10M | $3.78M | $5.73M | $7.56M | - | - | - | - | - |
| Europe | $856.00K | $2.06M | $1.00M | $922.00K | $404.00K | $555.00K | $663.00K | $301.00K | $375.00K | $904.00K | $197.00K | $393.00K | $754.00K | $283.00K | $668.00K | - | - | - | - | - |
| CHINA | - | - | - | $2.00K | - | $1.00K | $1.00K | $14.00K | $-28.00K | - | - | - | - | - | - | - | - | - | - | - |
| South America | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $59.00K | $146.00K | $303.00K | $282.00K | $17.00K |
| Foreign | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.39M |
Fuel Tech's latest quarterly revenue breakdown by geography, as of Mar 24: UNITED STATES (56.89%), Non-US (21.55%), Europe (13.55%), Latin America (4.98%), and Asia (3.02%).
Fuel Tech Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| FSS | Federal Signal | $1.72B | $490.40M |
| ZWS | Zurn Elkay Water Solutions | $1.28B | $412.00M |
| CECO | CECO Environmental | $544.85M | $137.52M |
| ERII | Energy Recovery | $128.35M | $26.92M |
| MKUL | Molekule Group | $48.03M | $8.35M |
| FTEK | Fuel Tech | $27.08M | $7.04M |
| CLWT | Euro Tech Company | $17.94M | $9.98M |
| SCWO | 374Water | $743.95K | $36.82K |
| CHNR | China Natural Resources | - | $1.76M |
FTEK Revenue FAQ
What is Fuel Tech’s yearly revenue?
Fuel Tech's yearly revenue for 2023 was $27.08M, representing an increase of 0.52% compared to 2022. The company's yearly revenue for 2022 was $26.94M, representing an increase of 11.05% compared to 2021. FTEK's yearly revenue for 2021 was $24.26M, representing an increase of 7.59% compared to 2020.
What is Fuel Tech’s quarterly revenue?
Fuel Tech's quarterly revenue for Q2 2024 was $7.04M, a 42.06% increase from the previous quarter (Q1 2024), and a 28.95% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $4.96M, a -21.88% decrease from the previous quarter (Q4 2023), and a -31.97% decrease year-over-year (Q1 2023). FTEK's quarterly revenue for Q4 2023 was $6.34M, a -20.57% decrease from the previous quarter (Q3 2023), and a -9.63% decrease year-over-year (Q4 2022).
What is Fuel Tech’s revenue growth rate?
Fuel Tech's revenue growth rate for the last 3 years (2021-2023) was 11.62%, and for the last 5 years (2019-2023) was -11.11%.
What are Fuel Tech’s revenue streams?
Fuel Tech's revenue streams in c 23 are FUEL CHEM, and Air Pollution Control. FUEL CHEM generated $13.6M in revenue, accounting 58.88% of the company's total revenue, down -16.80% year-over-year. Air Pollution Control generated $9.5M in revenue, accounting 41.12% of the company's total revenue, down -10.38% year-over-year.
What is Fuel Tech’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Fuel Tech was FUEL CHEM. This segment made a revenue of $13.6M, representing 58.88% of the company's total revenue.