Fuel TechFTEK +12.57%57 Gross Margin % is 43.49% as of Mar. 2026, which is 2% above its 10-year median of 42.66. GuruFocus rates FTEK with a GF Score™ of 57/100 and a GF Value™ of $1.13 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,997 Industrial Products companies, Fuel Tech ranks better than 85.65% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Fuel Tech's Gross Profit for the
three
months ended in Mar. 2026 was $2.64 Mil. Fuel Tech's Revenue for the
three
months ended in Mar. 2026 was $6.08 Mil. Therefore, Fuel Tech's Gross Margin % for the quarter that ended in Mar. 2026 was 43.49%.
Warning Sign:
Fuel Tech Inc gross margin has been in long-term decline. The average rate of decline per year is -1.5%.
The historical rank and industry rank for Fuel Tech's Gross Margin % or its related term are showing as below:
FTEK'
s Gross Margin % Range Over the Past 10 Years
Min: 34.07 Med: 42.66 Max: 49.04
Current: 45.76
During the past 13 years, the highestGross Margin % of Fuel Tech was 49.04%. The lowest was 34.07%. And the median was 42.66%.
FTEK's Gross Margin % is ranked better than 85.65% of 2997
companies
in the Industrial Products industry
Industry Median: 26.81
vs FTEK: 45.76
Fuel Tech had a gross margin of 43.49% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Fuel Tech was -1.50% per year.
Fuel Tech (NAS:FTEK) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Fuel Tech had a gross margin of 43.49% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Fuel Tech Gross Margin % Related Terms
Fuel Tech Gross Margin % Historical Data
* Premium members only.
The historical data trend for Fuel Tech's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FTEK vs BCHT, SCWO, ARQ: Gross Margin % Comparison
For the Pollution & Treatment Controls subindustry, Fuel Tech's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Fuel Tech Gross Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Fuel Tech's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Fuel Tech's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Fuel Tech (FTEK) has a Gross Margin % of 43.49% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Fuel Tech and its competitors. This is near median its historical median of 42.66. Over the past decade, Fuel Tech's Gross Margin % has ranged from 34.07 to 49.04. According to the industry distribution chart, Fuel Tech ranks #430 out of 2997 companies in the Industrial Products industry, placing it in the top 14.3%.
Is Fuel Tech's Gross Margin % too high?
Fuel Tech's current Gross Margin % of 43.49% is near median its 10-year median of 42.66. Over the past 10 years, this metric has ranged from a low of 34.07 to a high of 49.04. The Industrial Products industry median Gross Margin % is 26.81. Fuel Tech's value of 43.49% is 62.2% above this industry median. Based on the distribution chart, Fuel Tech ranks #430 out of 2997 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Fuel Tech has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fuel Tech's Gross Margin % compare to BCHT and SCWO?
According to the Industrial Products industry distribution chart, Fuel Tech ranks #430 out of 2997 companies for Gross Margin %. This places Fuel Tech in the top 14% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 26.81. Fuel Tech's value of 43.49% is 62.2% above this benchmark. Historically, Fuel Tech's own Gross Margin % has ranged from 34.07 to 49.04 over the past decade. While the company's 10-year median is 42.66 vs. the industry median of 26.81, Fuel Tech has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Industrial Products company?
The median Gross Margin % among Industrial Products companies is 26.81, based on 2,997 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fuel Tech's current Gross Margin % of 43.49% is 62.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Fuel Tech and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fuel Tech's current Gross Margin % is 43.49%, which is near median its own 10-year median of 42.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fuel Tech stock overvalued right now?
Based on GuruFocus' analysis, Fuel Tech (FTEK) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.13, compared to a current price of $2.15 — trading 90.3% above its estimated fair value. The current Gross Margin % is 43.49%, which is near median its 10-year median of 42.66 and 62.2% above the Industrial Products industry median of 26.81. Fuel Tech's overall GF Score™ is 57/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Fuel Tech (FTEK), the current Gross Margin % is 43.49% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Fuel Tech (FTEK) Overvalued in 2026?
Based on GuruFocus' analysis, Fuel Tech stock appears to be overvalued.
The current stock price of $2.15 is trading 90.3% above its estimated GF Value™ of $1.13.
GuruFocus considers Fuel Tech to be Significantly Overvalued.
Key valuation signals for FTEK:
Gross Margin %: 43.49% (near median its 10-year median of 42.66)
GF Value™: $1.13 vs. price of $2.15 (90.3% above fair value)
Industry Position: 62.2% above the Industrial Products median (#430 of 2997)
No single metric tells the full story. See the FTEK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fuel Tech Inc is a technology provider of boiler optimization, efficiency improvement, and air pollution reduction to utility and industrial customers. The company operates in two segments, Air Pollution Control and Fuel Chem. The Air Pollution Control technology segment includes technologies to reduce NOx emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources. The Fuel Chem technology segment uses chemical processes in combination with Computational Fluid Dynamics and Chemical Kinetics Modeling for boiler modeling for the control of slagging, fouling, corrosion, opacity and other sulfur trioxide-related issues in furnaces and boilers through the addition of chemicals into the furnace using TIFI Targeted In-Furnace Injection technology.
57GF Score
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