Fuel Tech, Inc.

NasdaqCM:FTEK Stock Report

Market Cap: US$47.4m

Fuel Tech Management

Management criteria checks 3/4

Fuel Tech's CEO is Vince Arnone, appointed in Apr 2015, has a tenure of 11.08 years. total yearly compensation is $788.34K, comprised of 53.9% salary and 46.1% bonuses, including company stock and options. directly owns 1.76% of the company’s shares, worth $835.26K. The average tenure of the management team and the board of directors is 11.1 years and 12 years respectively.

Key information

Vince Arnone

Chief executive officer

US$788.3k

Total compensation

CEO salary percentage53.91%
CEO tenure11.1yrs
CEO ownership1.8%
Management average tenure11.1yrs
Board average tenure12yrs

Recent management updates

Recent updates

Analysis Article • Feb 16

Take Care Before Diving Into The Deep End On Fuel Tech, Inc. (NASDAQ:FTEK)

It's not a stretch to say that Fuel Tech, Inc.'s ( NASDAQ:FTEK ) price-to-sales (or "P/S") ratio of 1.6x right now...
Analysis Article • Nov 06

Fuel Tech, Inc.'s (NASDAQ:FTEK) 26% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio

Fuel Tech, Inc. ( NASDAQ:FTEK ) shareholders that were waiting for something to happen have been dealt a blow with a...
Analysis Article • Sep 19

Fuel Tech, Inc. (NASDAQ:FTEK) Stocks Shoot Up 27% But Its P/S Still Looks Reasonable

Despite an already strong run, Fuel Tech, Inc. ( NASDAQ:FTEK ) shares have been powering on, with a gain of 27% in the...
Analysis Article • Jun 28

After Leaping 53% Fuel Tech, Inc. (NASDAQ:FTEK) Shares Are Not Flying Under The Radar

Despite an already strong run, Fuel Tech, Inc. ( NASDAQ:FTEK ) shares have been powering on, with a gain of 53% in the...
Analysis Article • May 14

Getting In Cheap On Fuel Tech, Inc. (NASDAQ:FTEK) Is Unlikely

With a median price-to-sales (or "P/S") ratio of close to 1.3x in the Commercial Services industry in the United...
Analysis Article • Feb 19

We Think Fuel Tech (NASDAQ:FTEK) Can Afford To Drive Business Growth

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Aug 10

US$4.00 - That's What Analysts Think Fuel Tech, Inc. (NASDAQ:FTEK) Is Worth After These Results

Fuel Tech, Inc. ( NASDAQ:FTEK ) shareholders are probably feeling a little disappointed, since its shares fell 2.9% to...
Analysis Article • Feb 06

Fuel Tech, Inc.'s (NASDAQ:FTEK) Price Is Out Of Tune With Revenues

There wouldn't be many who think Fuel Tech, Inc.'s ( NASDAQ:FTEK ) price-to-sales (or "P/S") ratio of 1.3x is worth a...
Analysis Article • Sep 27

It's A Story Of Risk Vs Reward With Fuel Tech, Inc. (NASDAQ:FTEK)

There wouldn't be many who think Fuel Tech, Inc.'s ( NASDAQ:FTEK ) price-to-sales (or "P/S") ratio of 1.1x is worth a...
Analysis Article • Apr 25

We're Hopeful That Fuel Tech (NASDAQ:FTEK) Will Use Its Cash Wisely

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • Jan 07

Companies Like Fuel Tech (NASDAQ:FTEK) Can Afford To Invest In Growth

We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...
Analysis Article • Sep 23

We Think Fuel Tech (NASDAQ:FTEK) Can Afford To Drive Business Growth

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Seeking Alpha • Mar 18

Revisiting Fuel Tech - Financials Have Improved And EV Is Approaching Zero And I'm Now Bullish

Revenues rose to 7.6% to $24.3 million in 2021, and the company is close to breakeven thanks to lower SG&A expenses. I think that Fuel Tech’s Dissolved Gas Infusion technology could become a significant contributor to revenues in a year or two. The company closed December 2021 with $35.9 million in cash and cash equivalents, which means that its enterprise value is below $6 million. I view Fuel Tech as a speculative buy as the business still isn’t profitable, and 67% of net revenues in 2021 were attributable to only 5 customers.

CEO Compensation Analysis

How has Vince Arnone's remuneration changed compared to Fuel Tech's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-US$3m

Dec 31 2025US$788kUS$425k

-US$2m

Sep 30 2025n/an/a

-US$3m

Jun 30 2025n/an/a

-US$3m

Mar 31 2025n/an/a

-US$3m

Dec 31 2024US$449kUS$425k

-US$2m

Sep 30 2024n/an/a

-US$599k

Jun 30 2024n/an/a

-US$220k

Mar 31 2024n/an/a

-US$843k

Dec 31 2023US$913kUS$420k

-US$2m

Sep 30 2023n/an/a

-US$1m

Jun 30 2023n/an/a

-US$2m

Mar 31 2023n/an/a

-US$858k

Dec 31 2022US$603kUS$388k

-US$1m

Sep 30 2022n/an/a

-US$1m

Jun 30 2022n/an/a

-US$920k

Mar 31 2022n/an/a

-US$1m

Dec 31 2021US$403kUS$383k

US$54k

Sep 30 2021n/an/a

-US$1m

Jun 30 2021n/an/a

US$453k

Mar 31 2021n/an/a

-US$1m

Dec 31 2020US$410kUS$390k

-US$4m

Sep 30 2020n/an/a

-US$7m

Jun 30 2020n/an/a

-US$11m

Mar 31 2020n/an/a

-US$9m

Dec 31 2019US$445kUS$425k

-US$8m

Compensation vs Market: Vince's total compensation ($USD788.34K) is about average for companies of similar size in the US market ($USD622.91K).

Compensation vs Earnings: Vince's compensation has increased whilst the company is unprofitable.

CEO

Vince Arnone (61 yo)

11.1yrs
Tenure
US$788,338
Compensation

Mr. Vincent J. Arnone, also known as Vince, has been the Chief Executive Officer and President of Fuel Tech, Inc. since April 1, 2015 and served as its Executive Vice President of Worldwide Operations sinc...

Leadership Team

NamePositionTenureCompensationOwnership
Vincent Arnone
Chairman11.1yrsUS$788.34k1.76%
$ 835.3k
Ellen Albrecht
VP, CFO & Treasurer6.2yrsUS$484.53k0.31%
$ 145.7k
William Cummings
Senior Vice President of Sales17.3yrsUS$447.49k0.94%
$ 447.3k
William Sun
Vice President of International Business & Technologies15.7yrsUS$140.94kno data
Bradley Johnson
VP, General Counsel & Secretary5.6yrsno datano data
Kevin Dougherty
Vice President of Business Development & Marketingno datano datano data
11.1yrs
Average Tenure
62yo
Average Age

Experienced Management: FTEK's management team is seasoned and experienced (11.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Vincent Arnone
Chairman11.1yrsUS$788.34k1.76%
$ 835.3k
Dennis Zeitler
Independent Director13yrsUS$84.75k0.30%
$ 140.8k
Douglas Bailey
Independent Director28.1yrsUS$79.75k20.29%
$ 9.6m
Sharon Jones
Independent Director8.2yrsUS$82.25k0.27%
$ 127.6k
12.0yrs
Average Tenure
69.5yo
Average Age

Experienced Board: FTEK's board of directors are seasoned and experienced ( 12 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/11 05:53
End of Day Share Price 2026/05/11 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Fuel Tech, Inc. is covered by 9 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John QuealyCanaccord Genuity
Bryce DilleCitizens JMP Securities, LLC
Carter ShoopDeutsche Bank