Fuel Tech (FTEK) Revenue & Revenue Breakdown

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Fuel Tech Revenue Highlights

Latest Revenue (Y)

$27.08M

Latest Revenue (Q)

$7.85M

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
2024-09-30	$7.85M	11.49%
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 $7.85M in revenue during Q3 2024, up 11.49% compared to the previous quarter, and up 143.76% 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	Sep 24	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
Air Pollution Control	$2.55M	$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	$4.63M	$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
Air Pollution Control Segment	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.94M	$1.20M	$1.67M	$1.82M

Fuel Tech's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: FUEL CHEM (64.43%), and Air Pollution Control (35.57%).

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	Sep 24	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
Europe	$1.53M	$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	-	-	-	-	-
Asia	$664.00K	$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	-	-	-	-	-
UNITED STATES	$5.45M	$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	-	-	-	-	-
Non-US	$2.40M	$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	-	-	-	-	-
Latin America	$208.00K	$315.00K	$157.00K	$60.00K	$69.00K	$121.00K	$142.00K	$75.00K	$195.00K	-	-	-	-	-	-	-	-	-	-	-
CHINA	-	-	-	-	$2.00K	-	$1.00K	$1.00K	$14.00K	-	-	-	-	-	-	-	-	-	-	-
South America	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$59.00K	$146.00K	$303.00K	$282.00K

Fuel Tech's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (53.21%), Non-US (23.40%), Europe (14.89%), Asia (6.48%), and Latin America (2.03%).

Fuel Tech Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
FSS	Federal Signal	$1.72B	$474.20M
ZWS	Zurn Elkay Water Solutions	$1.28B	$412.00M
CECO	CECO Environmental	$544.85M	$135.51M
ERII	Energy Recovery	$128.35M	$38.34M
FTEK	Fuel Tech	$27.08M	$7.85M
CLWT	Euro Tech Company	$17.94M	$9.98M
SCWO	374Water	$743.95K	$81.49K
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 Q3 2024 was $7.85M, a 11.49% increase from the previous quarter (Q2 2024), and a -1.72% decrease year-over-year (Q3 2023). The company'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). FTEK'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).

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.