Fuel Tech (FTEK) Revenue & Revenue Breakdown


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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

DateRevenueChange
2023-12-31$27.08M0.52%
2022-12-31$26.94M11.05%
2021-12-31$24.26M7.59%
2020-12-31$22.55M-25.99%
2019-12-31$30.47M-46.11%
2018-12-31$56.53M25.17%
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$109.34M11.98%
2012-12-31$97.64M4.24%
2011-12-31$93.67M14.52%
2010-12-31$81.80M14.56%
2009-12-31$71.40M-11.94%
2008-12-31$81.07M0.97%
2007-12-31$80.30M6.90%
2006-12-31$75.11M41.92%
2005-12-31$52.93M71.67%
2004-12-31$30.83M-13.72%
2003-12-31$35.74M9.53%
2002-12-31$32.63M84.63%
2001-12-31$17.67M-19.33%
2000-12-31$21.91M-34.22%
1999-12-31$33.30M28.57%
1998-12-31$25.90M25800.00%
1997-12-31$100.00K-50.00%
1996-12-31$200.00K-
1995-12-31$200.00K-
1994-12-31$200.00K100.00%
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

DateRevenueChange
2024-06-30$7.04M42.06%
2024-03-31$4.96M-21.88%
2023-12-31$6.34M-20.57%
2023-09-30$7.99M46.27%
2023-06-30$5.46M-25.06%
2023-03-31$7.29M3.79%
2022-12-31$7.02M-12.42%
2022-09-30$8.02M25.90%
2022-06-30$6.37M15.05%
2022-03-31$5.54M-14.20%
2021-12-31$6.45M-14.66%
2021-09-30$7.56M44.86%
2021-06-30$5.22M3.68%
2021-03-31$5.03M-19.03%
2020-12-31$6.22M-23.78%
2020-09-30$8.15M85.30%
2020-06-30$4.40M16.49%
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$16.07M35.65%
2018-06-30$11.85M-7.38%
2018-03-31$12.79M-4.44%
2017-12-31$13.39M-1.20%
2017-09-30$13.55M39.08%
2017-06-30$9.74M14.72%
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$21.68M16.03%
2015-06-30$18.68M23.70%
2015-03-31$15.10M-19.17%
2014-12-31$18.68M-13.02%
2014-09-30$21.48M6.40%
2014-06-30$20.19M8.19%
2014-03-31$18.66M-22.91%
2013-12-31$24.21M-27.86%
2013-09-30$33.55M15.34%
2013-06-30$29.09M29.39%
2013-03-31$22.48M-15.52%
2012-12-31$26.61M6.85%
2012-09-30$24.91M19.11%
2012-06-30$20.91M-17.06%
2012-03-31$25.21M-9.96%
2011-12-31$28.00M16.56%
2011-09-30$24.02M26.30%
2011-06-30$19.02M-15.92%
2011-03-31$22.62M-9.50%
2010-12-31$25.00M23.27%
2010-09-30$20.28M7.28%
2010-06-30$18.90M7.29%
2010-03-31$17.62M-5.71%
2009-12-31$18.68M13.40%
2009-09-30$16.48M-12.93%
2009-06-30$18.92M9.27%
2009-03-31$17.32M-4.39%
2008-12-31$18.11M-23.58%
2008-09-30$23.70M26.14%
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/ServiceDec 23Dec 22Dec 21Dec 20Dec 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/ServiceMar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 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

CountryDec 23Dec 22Dec 21Dec 20Dec 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

CountryMar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 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


TickerCompanyLast Year RevenueLast Quarter Revenue
FSSFederal Signal$1.72B$474.20M
ZWSZurn Elkay Water Solutions$1.28B$412.00M
CECOCECO Environmental$544.85M$135.51M
ERIIEnergy Recovery$128.35M$38.34M
MKULMolekule Group$48.03M$8.35M
FTEKFuel Tech$27.08M$7.04M
CLWTEuro Tech Company$17.94M$9.98M
SCWO374Water$743.95K$36.82K
CHNRChina Natural Resources-$1.76M

FTEK Revenue FAQ


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.

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).

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%.

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.

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.