Fuel Tech, Inc. FTEK

Competitive advantage analysis · industrials

Corporate Default
Overall moat score
51/100
Moderate

Ranked against 19 peers in Pollution & Treatment Controls

About Fuel Tech, Inc.

Fuel Tech, Inc. engages in the development, commercialization, and application of technologies for air pollution control, process optimization, water treatment. and advanced engineering services to utility and industrial customers. It operates through two segments, Air Pollution Control Technology and FUEL CHEM Technology. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide (NOx) emissions in flue gas from … Full FTEK analysis →

Key strengths

  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.79), suggesting sticky customer base.
  • Cash Generation Consistent Cash generation is consistent (score 0.75), indicating reliable business model.

Key risks

  • Elevated Debt Risk Debt serviceability is weak (score 0.05), raising refinancing risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

Upgrade to unlock the signals and evidence behind each defense.

Premium access

Unlock full defense analysis

Get key signals, strengths, and risks for every moat dimension.

Upgrade to Premium Unlock all moat defenses and evidence.

Pricing Power

Developing
40
Premium

Signals, strengths and risks for Pricing Power

Premium

Signals, strengths and risks for Cost Advantage

Premium

Signals, strengths and risks for Customer Stickiness

Premium

Signals, strengths and risks for Capital Efficiency

Premium

Signals, strengths and risks for Resilience

Premium

Signals, strengths and risks for Scale & Market Position

Where FTEK ranks in Pollution & Treatment Controls

Fuel Tech, Inc. ranks #8 of 20 scored companies in Pollution & Treatment Controls by moat score — the top 40%. The widest moat in the group is Veralto Corp (VLTO) at 82/100.

# Company Moat score Rating
4 Atmus Filtration Technologies I ATMU 76/100 Strong
5 Zurn Elkay Water Solutions Corp ZWS 75/100 Moderate
6 CECO Environmental Corp. CECO 65/100 Moderate
7 Euro Tech Holdings Company Limi CLWT 53/100 Moderate
8 Fuel Tech, Inc. FTEK 51/100 Moderate
9 Rain Enhancement Technologies H RAINW 49/100 Developing
10 LiqTech International, Inc. LIQT 45/100 Developing
11 Arq, Inc. ARQ 44/100 Developing
12 ClearSign Technologies Corporat CLIR 38/100 Developing

See every General Corporate company ranked by moat score →

How FTEK scores on the Corporate Default defenses

Pricing Power

Score 40 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 53 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 77 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 52 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 47 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 40 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding FTEK's moat

What is Fuel Tech, Inc.'s moat score?

Fuel Tech, Inc. (FTEK) scores 51 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #8 of 20 scored companies in Pollution & Treatment Controls, the top 40%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 19 companies in Pollution & Treatment Controls. Its strongest defense is Customer Stickiness (77/100) and its weakest is Scale & Market Position (40/100).

How does Fuel Tech, Inc. compare with other Pollution & Treatment Controls companies?

Fuel Tech, Inc. ranks #8 of 20 scored companies in Pollution & Treatment Controls by moat score. The widest moat in Pollution & Treatment Controls is Veralto Corp (VLTO) at 82/100. The companies ranked closest are Euro Tech Holdings Company Limi (CLWT) at 53 just above it and Rain Enhancement Technologies H (RAINW) at 48 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 19 companies in Pollution & Treatment Controls. The defenses are then weighted to produce the overall score out of 100.

Why is Fuel Tech, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Fuel Tech, Inc.?

The Corporate Default template measures 6 defenses, and FTEK scores: Pricing Power (40), Cost Advantage (53), Customer Stickiness (77), Capital Efficiency (52), Resilience (47), Scale & Market Position (40). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

Send Feedback
Please select a category.
0/1000