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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Fuel Tech's retained earnings for the quarter that ended in Mar. 2026 was $-123.15 Mil.
Fuel Tech's quarterly retained earnings
declined
from Sep. 2025 ($-120.60 Mil) to Dec. 2025 ($-121.80 Mil) and
declined
from Dec. 2025 ($-121.80 Mil) to Mar. 2026 ($-123.15 Mil).
Fuel Tech's annual retained earnings
declined
from Dec. 2023 ($-117.53 Mil) to Dec. 2024 ($-119.47 Mil) and
declined
from Dec. 2024 ($-119.47 Mil) to Dec. 2025 ($-121.80 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Fuel Tech Retained Earnings Historical Data
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The historical data trend for Fuel Tech's Retained Earnings 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.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of $-123.15 Mil mean?
Fuel Tech (FTEK) has a Retained Earnings of $-123.15 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Fuel Tech and its competitors.
Is Fuel Tech's Retained Earnings too high?
Fuel Tech's current Retained Earnings is $-123.15 Mil. Overall, Fuel Tech has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fuel Tech's Retained Earnings compare to SCWO and BCHT?
Fuel Tech's Retained Earnings of $-123.15 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Industrial Products company?
A good Retained Earnings depends on the Industrial Products industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Fuel Tech and its competitors. Fuel Tech's current Retained Earnings is $-123.15 Mil. 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 Modestly Overvalued. The stock's GF Value™ is $1.14, compared to a current price of $1.43 — trading 25.4% above its estimated fair value. The current Retained Earnings is $-123.15 Mil. Fuel Tech's overall GF Score™ is 70/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Fuel Tech (FTEK), the current Retained Earnings is $-123.15 Mil 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 $1.43 is trading 25.4% above its estimated GF Value™ of $1.14.
GuruFocus considers Fuel Tech to be Modestly Overvalued.
Key valuation signals for FTEK:
Retained Earnings: $-123.15 Mil
GF Value™: $1.14 vs. price of $1.43 (25.4% above fair value)
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.
70GF Score
Get the complete analysis for FTEK
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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