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FutureFuel (FF) Financials

FutureFuel logo
$4.78 -0.03 (-0.52%)
Closing price 07/20/2026 03:59 PM Eastern
Extended Trading
$4.74 -0.04 (-0.82%)
As of 07/20/2026 07:36 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for FutureFuel

Annual Income Statements for FutureFuel

This table shows FutureFuel's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 53 46 56 20 88 47 26 15 37 16 -49
Consolidated Net Income / (Loss)		 53 46 56 24 88 47 26 15 37 16 -49
Net Income / (Loss) Continuing Operations		 53 46 56 20 88 47 26 15 37 16 -49
Total Pre-Tax Income 		67 52 41 13 80 32 16 14 37 16 -49
Total Operating Income		 56 47 37 9.89 65 22 13 18 27 6.37 -53
Total Gross Profit		 62 52 47 -20 74 31 24 29 41 20 -39
Total Revenue		 342 65 253 275 205 205 321 396 368 243 96
Operating Revenue		 342 65 253 275 205 205 321 396 368 243 96
Total Cost of Revenue		 280 13 206 258 131 176 298 367 327 224 135
Operating Cost of Revenue		 280 247 206 258 131 176 298 367 327 224 135
Total Operating Expenses		 5.58 5.12 10 10 8.83 6.21 11 11 14 13 14
Selling, General & Admin Expense		 2.20 2.16 7.10 1.99 4.93 2.60 7.16 8.03 9.21 9.28 9.70
Research & Development Expense		 3.17 2.74 2.72 3.66 3.19 2.99 3.48 3.42 4.40 3.99 3.87
Total Other Income / (Expense), net		 11 4.90 4.28 6.76 14 9.44 3.03 -3.81 10 9.92 3.76
Interest Expense		 0.03 0.13 0.17 0.17 0.17 0.15 0.13 0.13 0.14 0.14 0.15
Interest & Investment Income		 6.88 5.11 6.15 7.81 10 5.65 3.12 4.87 9.58 7.66 3.91
Other Income / (Expense), net		 4.37 -0.07 -1.70 -0.88 4.61 3.94 0.04 -8.55 0.58 2.41 0.00
Income Tax Expense		 14 5.45 -16 -6.86 -8.30 -15 -10 -1.52 0.00 0.79 0.17
Basic Earnings per Share		 $1.22 $1.06 $1.29 $0.54 $2.02 $1.06 $0.60 $0.35 $0.85 $0.35 ($1.13)
Weighted Average Basic Shares Outstanding		 43.36M 43.43M 43.54M 43.68M 43.74M 43.74M 43.76M 43.76M 43.76M 43.77M 43.86M
Diluted Earnings per Share		 $1.22 $1.06 $1.29 $0.54 $2.02 $1.06 $0.60 $0.35 $0.85 $0.35 ($1.13)
Weighted Average Diluted Shares Outstanding		 43.39M 43.45M 43.55M 43.69M 43.74M 43.74M 43.76M 43.76M 43.76M 43.77M 43.86M
Weighted Average Basic & Diluted Shares Outstanding		 43.60M 43.80M 43.70M 43.74M 43.74M 43.74M 43.76M 43.76M 43.76M 43.80M 43.86M

Quarterly Income Statements for FutureFuel

This table shows FutureFuel's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 2.78 23 4.33 9.57 -1.20 2.80 -18 -10 -9.33 -12 -21
Consolidated Net Income / (Loss)		 2.78 23 4.33 9.57 -1.20 2.80 -18 -10 -9.33 -12 -21
Net Income / (Loss) Continuing Operations		 2.78 23 4.33 9.57 -1.20 2.80 -18 -10 -9.33 -12 -21
Total Pre-Tax Income 		2.79 23 4.96 9.58 -1.20 2.95 -18 -10 -9.35 -12 -21
Total Operating Income		 0.30 20 2.20 5.45 -2.89 1.61 -19 -12 -9.74 -12 -21
Total Gross Profit		 3.87 24 5.01 8.66 0.38 5.60 -15 -8.77 -6.83 -9.26 -16
Total Revenue		 117 92 58 72 51 62 18 36 23 20 32
Operating Revenue		 117 92 58 72 51 62 18 36 23 20 32
Total Cost of Revenue		 113 68 53 64 51 56 33 44 30 29 48
Operating Cost of Revenue		 113 68 53 64 51 56 33 44 30 29 48
Total Operating Expenses		 3.57 3.68 2.81 3.21 3.27 3.99 4.28 3.16 2.90 3.23 4.99
Selling, General & Admin Expense		 2.41 2.52 1.90 2.29 2.29 2.80 2.88 2.23 2.05 2.54 4.15
Research & Development Expense		 1.16 1.16 0.91 0.92 0.98 1.19 1.39 0.93 0.86 0.69 0.84
Total Other Income / (Expense), net		 2.49 2.95 2.76 4.13 1.69 1.34 1.20 1.55 0.38 0.63 0.27
Interest Expense		 0.04 0.04 0.04 0.03 0.04 0.03 0.04 0.03 0.13 -0.04 0.03
Interest & Investment Income		 2.53 2.98 2.80 1.52 1.83 1.51 1.24 1.07 1.01 0.59 0.30
Income Tax Expense		 0.01 -0.03 0.63 0.01 -0.00 0.16 -0.17 0.04 -0.03 0.15 0.01
Basic Earnings per Share		 $0.06 $0.54 $0.10 $0.22 ($0.03) $0.06 ($0.41) ($0.24) ($0.21) ($0.28) ($0.47)
Weighted Average Basic Shares Outstanding		 43.76M 43.76M 43.76M 43.76M 43.76M 43.77M 43.80M 43.80M 43.80M 43.86M 44.03M
Diluted Earnings per Share		 $0.06 $0.54 $0.10 $0.22 ($0.03) $0.06 ($0.41) ($0.24) ($0.21) ($0.28) ($0.47)
Weighted Average Diluted Shares Outstanding		 43.77M 43.76M 43.76M 43.76M 43.76M 43.77M 43.80M 43.80M 43.80M 43.86M 44.03M
Weighted Average Basic & Diluted Shares Outstanding		 43.76M 43.76M 43.76M 43.76M 43.76M 43.80M 43.80M 43.80M 43.80M 43.86M 43.86M
Cash Dividends to Common per Share		 - - $2.50 - - - - - - - $0.01

Annual Cash Flow Statements for FutureFuel

This table details how cash moves in and out of FutureFuel's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 30 45 -85 100 28 -45 -61 38 44 -110 -58
Net Cash From Operating Activities		 40 91 39 86 35 96 44 52 21 25 -29
Net Cash From Continuing Operating Activities		 40 91 -9.90 86 35 96 44 52 21 25 -29
Net Income / (Loss) Continuing Operations		 46 56 24 53 88 47 26 15 37 16 -49
Consolidated Net Income / (Loss)		 46 56 24 53 88 47 26 15 37 16 -49
Depreciation Expense		 10 11 12 11 12 11 10 10 10 9.21 9.66
Amortization Expense		 0.00 0.14 0.15 0.14 0.14 0.11 0.10 0.10 0.10 0.10 0.08
Non-Cash Adjustments To Reconcile Net Income		 -1.19 7.25 4.08 10 -4.61 4.12 2.03 8.34 -2.39 2.40 0.84
Changes in Operating Assets and Liabilities, net		 -16 16 -0.03 11 -61 34 5.25 18 -24 -2.59 10
Net Cash From Investing Activities		 2.03 -35 -13 25 4.22 0.47 15 -3.83 33 -15 -19
Net Cash From Continuing Investing Activities		 2.03 -35 60 25 4.22 0.47 15 -3.83 33 -15 -19
Purchase of Property, Plant & Equipment		 -7.22 -4.50 -3.58 -4.87 -6.97 -4.46 -1.46 -4.78 -6.02 -15 -17
Purchase of Investments		 -39 -61 -33 -20 -20 -4.92 -24 -0.40 1.34 -0.13 -1.39
Sale of Property, Plant & Equipment		 0.01 0.00 0.00 0.02 0.01 0.05 0.00 0.06 0.00 0.01 0.03
Sale and/or Maturity of Investments		 50 30 23 50 31 9.80 41 1.29 38 0.00 0.00
Net Cash From Financing Activities		 -12 -11 -111 -11 -10 -142 -120 -11 -11 -120 -11
Net Cash From Continuing Financing Activities		 -12 -11 111 -11 -10 -142 -120 -11 -11 -120 -11
Repayment of Debt		 -0.72 - - 0.00 0.00 -8.66 0.00 0.00 -0.01 0.00 -0.38
Payment of Dividends		 -10 -10 -111 -10 -10 -142 -120 -11 -11 -120 -11
Cash Interest Paid		 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.00 0.00 0.00 0.07
Cash Income Taxes Paid		 13 0.99 0.06 9.18 2.37 0.66 0.08 0.07 0.02 0.46 0.03

Quarterly Cash Flow Statements for FutureFuel

This table details how cash moves in and out of FutureFuel's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 39 14 -18 -86 18 -24 -12 -1.92 -9.59 -34 -29
Net Cash From Operating Activities		 49 13 -12 28 26 -17 -5.40 5.21 -1.12 -27 -20
Net Cash From Continuing Operating Activities		 49 13 -12 28 26 -17 -5.40 5.21 -1.12 -27 -20
Net Income / (Loss) Continuing Operations		 2.78 23 4.33 9.57 -1.20 2.80 -18 -10 -9.33 -12 -21
Consolidated Net Income / (Loss)		 2.78 23 4.33 9.57 -1.20 2.80 -18 -10 -9.33 -12 -21
Depreciation Expense		 2.58 2.61 2.62 2.15 2.16 2.29 2.33 2.41 2.40 2.51 2.56
Amortization Expense		 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.02 0.02 0.02 0.02
Non-Cash Adjustments To Reconcile Net Income		 6.79 -5.37 2.31 -0.57 -0.13 0.81 0.01 -0.30 0.11 0.57 3.10
Changes in Operating Assets and Liabilities, net		 37 -7.81 -21 17 25 -23 10 13 5.68 -19 -5.09
Net Cash From Investing Activities		 -7.26 3.31 -3.49 -1.83 -4.86 -4.62 -4.08 -4.50 -5.84 -4.18 -6.32
Net Cash From Continuing Investing Activities		 -7.26 3.31 -3.49 -1.83 -4.86 -4.62 -4.08 -4.50 -5.84 -4.18 -6.32
Purchase of Property, Plant & Equipment		 -1.12 -1.03 -2.27 -3.00 -5.34 -4.06 -4.00 -5.48 -5.34 -2.43 -5.39
Purchase of Investments		 -6.15 4.33 -1.21 1.17 0.47 -0.56 -0.11 0.97 -0.50 -1.75 -0.93
Sale of Property, Plant & Equipment		 - - 0.00 - 0.01 - 0.03 0.00 - - 0.00
Net Cash From Financing Activities		 -2.63 -2.63 -2.63 -112 -2.63 -2.63 -2.99 -2.63 -2.64 -2.63 -2.63
Net Cash From Continuing Financing Activities		 -2.63 -2.63 -2.63 -112 -2.63 -2.63 -2.99 -2.63 -2.64 -2.63 -2.63
Repayment of Debt		 - - 0.00 - - - -0.37 - -0.01 -0.00 0.00
Payment of Dividends		 -2.63 -2.63 -2.63 -112 -2.63 -2.63 -2.63 -2.63 -2.63 -2.63 -2.63

Annual Balance Sheets for FutureFuel

This table presents FutureFuel's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 489 529 426 471 587 441 344 356 367 248 200
Total Current Assets		 360 405 310 362 481 343 256 274 291 165 109
Cash & Equivalents		 154 199 115 215 243 198 138 176 219 110 51
Accounts Receivable		 46 25 22 18 115 23 29 26 28 22 9.41
Inventories, net		 65 52 44 39 38 34 27 27 25 21 29
Prepaid Expenses		 1.68 1.71 1.67 1.78 1.94 3.97 3.59 3.71 4.36 3.98 4.08
Current Deferred & Refundable Income Taxes		 14 21 6.94 6.86 8.06 18 9.76 1.96 1.94 0.05 0.09
Other Current Assets		 4.03 0.81 0.53 1.40 1.49 1.74 1.48 2.38 11 8.68 14
Plant, Property, & Equipment, net		 124 118 110 104 99 92 83 77 73 79 87
Total Noncurrent Assets		 4.96 5.61 5.47 5.25 7.02 7.16 5.60 5.25 3.82 4.37 4.92
Other Noncurrent Operating Assets		 3.08 3.88 3.88 3.84 5.61 5.75 5.60 5.25 3.82 4.37 4.92
Total Liabilities & Shareholders' Equity		 489 529 426 471 587 441 344 356 367 248 200
Total Liabilities		 95 196 74 82 119 69 55 73 57 42 38
Total Current Liabilities		 49 144 35 39 83 33 35 56 41 33 18
Accounts Payable		 35 24 20 20 63 13 23 36 22 11 11
Accrued Expenses		 4.13 3.78 2.47 2.74 4.47 5.08 6.08 5.48 4.76 11 2.78
Dividends Payable		 0.00 111 10 10 10 10 0.00 11 11 11 2.76
Current Deferred Revenue		 2.68 5.53 2.74 4.58 5.24 3.98 6.15 3.77 3.86 0.90 1.52
Total Noncurrent Liabilities		 46 52 39 43 37 36 20 17 16 8.56 20
Noncurrent Deferred Revenue		 16 17 17 20 21 22 17 15 13 6.32 12
Noncurrent Deferred & Payable Income Tax Liabilities		 29 32 21 18 13 12 1.87 - 0.00 0.77 1.06
Other Noncurrent Operating Liabilities		 1.22 3.33 1.12 4.24 2.39 2.24 1.72 1.79 3.29 1.47 7.05
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 394 333 352 389 467 372 289 283 310 206 163
Total Preferred & Common Equity		 394 333 352 389 467 372 289 283 310 206 163
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 394 333 352 389 467 372 289 283 310 206 163
Common Stock		 279 281 282 282 282 282 282 282 282 205 204
Retained Earnings		 113 48 61 107 185 89 6.30 0.51 27 0.38 -41

Quarterly Balance Sheets for FutureFuel

This table presents FutureFuel's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 346 365 261 256 228 218 203 179
Total Current Assets		 267 289 184 176 143 129 113 84
Cash & Equivalents		 206 201 115 133 97 95 86 22
Accounts Receivable		 29 24 33 16 7.93 11 7.87 13
Inventories, net		 27 56 30 25 27 9.62 6.13 31
Prepaid Expenses		 1.01 3.21 2.20 0.98 2.92 2.11 0.96 2.84
Current Deferred & Refundable Income Taxes		 1.93 1.94 1.96 0.00 0.05 0.05 0.04 0.08
Other Current Assets		 1.96 2.57 1.51 1.02 8.75 11 12 14
Plant, Property, & Equipment, net		 75 73 74 77 80 85 86 90
Total Noncurrent Assets		 4.11 3.51 3.47 3.41 4.49 4.85 4.91 4.97
Other Noncurrent Operating Assets		 4.11 3.51 3.47 3.41 4.49 4.85 4.91 4.97
Total Liabilities & Shareholders' Equity		 346 365 261 256 228 218 203 179
Total Liabilities		 49 161 47 43 39 40 34 37
Total Current Liabilities		 32 145 33 30 31 31 25 18
Accounts Payable		 21 17 11 12 6.67 9.49 7.68 12
Accrued Expenses		 5.07 7.11 11 11 15 15 14 3.56
Dividends Payable		 2.63 117 5.25 2.63 8.07 5.44 2.82 0.57
Current Deferred Revenue		 3.49 3.46 5.00 4.14 1.05 1.14 1.00 1.58
Total Noncurrent Liabilities		 17 16 14 14 8.73 9.05 9.05 20
Noncurrent Deferred Revenue		 13 12 9.72 9.59 6.09 6.00 6.02 11
Noncurrent Deferred & Payable Income Tax Liabilities		 - 0.63 0.63 0.62 0.77 0.80 0.77 1.06
Other Noncurrent Operating Liabilities		 3.37 3.30 3.31 3.31 1.86 2.25 2.26 7.00
Commitments & Contingencies		 - - 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 297 205 214 213 188 178 169 142
Total Preferred & Common Equity		 297 205 214 213 188 178 169 142
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 297 205 214 213 188 178 169 142
Common Stock		 282 205 205 205 206 206 206 204
Retained Earnings		 15 0.00 9.57 8.38 -17 -28 -37 -62

Annual Metrics And Ratios for FutureFuel

This table displays calculated financial ratios and metrics derived from FutureFuel's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 43,712,388.00 43,721,376.00 43,741,670.00 43,743,243.00 43,743,243.00 43,743,243.00 43,763,243.00 43,763,243.00 87,526,486.00 - 43,803,243.00
DEI Adjusted Shares Outstanding		 43,712,388.00 43,721,376.00 43,741,670.00 43,743,243.00 43,743,243.00 43,743,243.00 43,763,243.00 43,763,243.00 87,526,486.00 - 43,803,243.00
DEI Earnings Per Adjusted Shares Outstanding		 1.06 1.29 0.45 1.22 2.02 1.06 0.60 0.35 0.43 - -1.13
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -80.99% 289.64% 8.62% 5.81% 0.00% -0.35% 57.15% 23.22% -7.01% -33.92% -60.65%
EBITDA Growth		 -17.83% -19.78% -54.57% 200.63% 31.36% -54.30% -37.43% -16.79% 96.43% -52.89% -339.11%
EBIT Growth		 -22.48% -25.74% -74.12% 467.77% 36.65% -62.41% -50.76% -30.49% 210.63% -68.59% -703.74%
NOPAT Growth		 -5.19% 19.96% -70.06% 301.37% 28.67% -54.60% -35.06% -8.32% 40.42% -77.85% -711.86%
Net Income Growth		 -12.74% 21.37% -58.27% 126.10% 65.88% -47.20% -43.62% -42.06% 145.76% -58.53% -418.63%
EPS Growth		 -13.11% 21.70% -58.14% 125.93% 65.57% -47.52% -43.40% -41.67% 142.86% -58.82% -422.86%
Operating Cash Flow Growth		 -23.73% 129.60% -56.75% 117.58% -59.54% 178.32% -54.27% 18.98% -59.39% 16.45% -215.86%
Free Cash Flow Firm Growth		 -31.05% 222.53% -66.24% 210.01% -79.24% 354.55% -49.82% 16.46% -83.33% -99.69% -199,228.10%
Invested Capital Growth		 12.17% -16.57% -8.11% -17.28% 53.41% -25.39% -13.05% -22.53% 25.02% 5.98% 6.83%
Revenue Q/Q Growth		 -76.36% 323.07% -38.21% -3.24% 4.47% 0.00% 0.00% 15.20% -6.55% -11.14% -30.32%
EBITDA Q/Q Growth		 -2.21% -20.19% -37.29% -1.40% 216.35% 212.15% 272.60% -38.62% 31.64% -51.55% -46.61%
EBIT Q/Q Growth		 -3.43% -25.37% -57.95% -1.36% 399.16% 7,261.62% 402.74% -57.83% 49.22% -68.31% -35.81%
NOPAT Q/Q Growth		 4.69% -25.74% -19.40% -10.88% 503.02% 0.00% 654.17% -23.84% 38.47% -75.51% -36.26%
Net Income Q/Q Growth		 -1.03% -16.29% -10.41% -20.98% 399.78% -58.96% 179.84% -32.76% 29.21% -57.04% -42.81%
EPS Q/Q Growth		 -2.75% -15.69% -11.48% -20.78% 405.00% -59.39% 200.00% -32.69% 30.77% -57.83% -43.04%
Operating Cash Flow Q/Q Growth		 -53.60% 60.79% -22.14% 4.31% 12.45% 10.99% 11.17% -23.30% 26.92% -54.29% -60.42%
Free Cash Flow Firm Q/Q Growth		 -63.13% 49.87% -36.23% 2.22% -85.81% 152.55% 49.16% -30.29% 359.83% -99.94% -43.41%
Invested Capital Q/Q Growth		 40.24% 3.00% 13.75% 6.91% 4,022.00% -11.74% -2.81% 13.42% 7.72% 29.45% 32.31%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 80.16% 18.51% -7.37% 25.22% 36.13% 15.31% 7.32% 7.32% 11.13% 8.07% -41.18%
EBITDA Margin		 87.85% 18.09% 7.56% 21.49% 40.03% 18.36% 7.31% 4.94% 10.43% 7.43% -45.17%
Operating Margin		 72.28% 14.43% 3.59% 21.80% 31.82% 10.92% 4.01% 4.43% 7.43% 2.62% -55.35%
EBIT Margin		 72.17% 13.76% 3.28% 17.58% 34.07% 12.85% 4.03% 2.27% 7.59% 3.61% -55.35%
Profit (Net Income) Margin		 71.44% 22.25% 8.55% 18.27% 42.97% 22.77% 8.17% 3.84% 10.15% 6.37% -51.59%
Tax Burden Percent		 89.50% 138.07% 180.52% 88.34% 110.51% 146.53% 164.81% 110.72% 100.00% 95.14% 100.34%
Interest Burden Percent		 110.60% 117.17% 144.52% 117.61% 114.13% 120.92% 123.09% 152.71% 133.78% 185.66% 92.91%
Effective Tax Rate		 10.50% -38.07% -52.69% 11.66% -10.40% -46.53% -64.81% -11.07% 0.01% 4.86% 0.00%
Return on Invested Capital (ROIC)		 26.92% 33.30% 11.42% 48.46% 54.34% 23.34% 18.97% 21.07% 30.13% 5.83% -33.53%
ROIC Less NNEP Spread (ROIC-NNEP)		 24.93% 30.51% 7.42% 49.59% 48.90% 18.39% 16.69% 23.28% 25.26% -0.30% -16.81%
Return on Net Nonoperating Assets (RNNOA)		 -14.59% -17.80% -4.55% -34.10% -33.75% -12.24% -11.03% -15.75% -17.52% 0.18% 6.72%
Return on Equity (ROE)		 12.32% 15.50% 6.87% 14.35% 20.60% 11.10% 7.95% 5.32% 12.61% 6.01% -26.81%
Cash Return on Invested Capital (CROIC)		 15.45% 51.37% 19.87% 67.37% 12.19% 52.42% 32.93% 46.46% 7.89% 0.02% -40.13%
Operating Return on Assets (OROA)		 9.87% 6.84% 1.89% 11.41% 13.22% 5.11% 3.29% 2.57% 7.73% 2.86% -23.66%
Return on Assets (ROA)		 9.77% 11.07% 4.93% 11.86% 16.67% 9.06% 6.68% 4.34% 10.34% 5.04% -22.05%
Return on Common Equity (ROCE)		 12.32% 15.50% 6.87% 14.35% 20.60% 11.10% 7.95% 5.32% 12.61% 6.01% -26.81%
Return on Equity Simple (ROE_SIMPLE)		 11.77% 16.93% 6.69% 13.66% 18.88% 12.52% 9.09% 5.37% 0.00% 7.53% 0.00%
Net Operating Profit after Tax (NOPAT)		 42 50 15 56 72 33 21 19 27 6.06 -37
NOPAT Margin		 64.69% 19.92% 5.49% 19.26% 35.13% 16.01% 6.61% 4.92% 7.43% 2.49% -38.74%
Net Nonoperating Expense Percent (NNEP)		 1.99% 2.79% 4.01% -1.13% 5.44% 4.95% 2.29% -2.21% 4.87% 6.13% -16.72%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 6.89% 8.83% 2.95% -22.81%
Cost of Revenue to Revenue		 19.84% 81.49% 93.95% 74.78% 63.87% 86.04% 92.68% 92.68% 88.87% 91.93% 141.18%
SG&A Expenses to Revenue		 3.33% 2.80% 0.72% 0.67% 2.40% 1.27% 2.23% 2.03% 2.50% 3.81% 10.13%
R&D to Revenue		 4.22% 1.07% 1.33% 1.21% 1.55% 1.46% 1.08% 0.86% 1.19% 1.64% 4.04%
Operating Expenses to Revenue		 7.88% 4.08% 3.77% 3.42% 4.30% 3.04% 3.31% 2.89% 3.70% 5.45% 14.17%
Earnings before Interest and Taxes (EBIT)		 47 35 9.01 51 70 26 13 9.00 28 8.78 -53
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 57 46 21 63 82 38 23 20 38 18 -43
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.46 0.68 0.66 1.30 0.45 0.78 0.74 0.80 0.53 1.11 0.85
Price to Tangible Book Value (P/TBV)		 0.47 0.68 0.66 1.31 0.45 0.79 0.74 0.80 0.53 1.11 0.85
Price to Revenue (P/Rev)		 2.82 0.89 0.84 1.74 1.03 1.42 0.66 0.57 0.44 0.94 1.44
Price to Earnings (P/E)		 3.95 3.99 11.66 9.55 2.40 6.25 8.11 14.83 4.38 14.73 0.00
Dividend Yield		 5.73% 49.24% 47.75% 2.07% 4.97% 48.72% 56.34% 4.66% 6.41% 52.52% 7.63%
Earnings Yield		 25.33% 25.08% 8.58% 10.47% 41.72% 16.01% 12.34% 6.74% 22.83% 6.79% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 2.03 0.00 0.24 0.27 0.16 0.00 1.11 0.76
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.73 0.00 0.14 0.09 0.03 0.00 0.49 0.90
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 3.40 0.00 0.76 1.20 0.66 0.00 6.57 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 4.16 0.00 1.08 2.17 1.43 0.00 13.53 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 3.80 0.00 0.87 1.32 0.66 0.00 19.59 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 2.48 0.00 0.29 0.64 0.25 0.00 4.79 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 2.73 0.00 0.39 0.76 0.30 0.00 5,326.41 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.59 -0.58 -0.61 -0.69 -0.69 -0.67 -0.66 -0.68 -0.69 -0.60 -0.40
Leverage Ratio		 1.26 1.40 1.39 1.21 1.24 1.23 1.19 1.22 1.22 1.19 1.22
Compound Leverage Factor		 1.40 1.64 2.02 1.42 1.41 1.48 1.46 1.87 1.63 2.21 1.13
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 2.70 2.10 3.57 5.83 3.06 4.30 4.16 3.79 3.89 5.01 2.06
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 7.41 2.81 8.80 9.18 5.81 10.39 7.30 4.88 7.03 4.95 6.12
Quick Ratio		 5.66 2.29 7.30 7.93 5.22 8.65 6.11 4.26 5.99 3.95 3.42
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 24 78 26 78 16 74 37 43 7.16 0.02 -44
Operating Cash Flow to CapEx		 549.10% 2,023.92% 1,100.00% 1,767.04% 497.82% 2,184.03% 3,027.75% 1,111.96% 353.69% 169.16% -166.94%
Free Cash Flow to Firm to Interest Expense		 180.00 449.69 152.71 450.36 93.50 486.91 281.65 335.69 51.92 0.16 -290.18
Operating Cash Flow to Interest Expense		 295.69 525.87 228.76 494.87 200.22 638.43 336.52 409.77 154.34 179.72 -187.81
Operating Cash Flow Less CapEx to Interest Expense		 241.84 499.88 207.97 466.87 160.00 609.20 325.40 372.92 110.70 73.48 -300.31
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.14 0.50 0.58 0.65 0.39 0.40 0.82 1.13 1.02 0.79 0.43
Accounts Receivable Turnover		 1.33 7.12 11.73 14.45 3.09 2.97 12.32 14.25 13.49 9.67 6.12
Inventory Turnover		 0.23 3.53 5.39 5.24 3.41 4.92 9.80 13.67 12.55 9.72 5.41
Fixed Asset Turnover		 0.52 2.09 2.41 2.73 2.03 2.15 3.68 4.96 4.92 3.22 1.16
Accounts Payable Turnover		 0.38 7.03 11.84 10.91 3.16 4.63 16.43 12.41 11.18 13.62 12.69
Days Sales Outstanding (DSO)		 274.21 51.23 31.11 25.26 118.28 122.86 29.63 25.61 27.06 37.73 59.66
Days Inventory Outstanding (DIO)		 1,561.80 103.53 67.70 69.65 107.02 74.12 37.26 26.69 29.08 37.55 67.48
Days Payable Outstanding (DPO)		 962.54 51.95 30.82 33.46 115.37 78.82 22.22 29.42 32.66 26.79 28.75
Cash Conversion Cycle (CCC)		 873.48 102.80 67.99 61.45 109.92 118.17 44.68 22.88 23.48 48.48 98.39
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 165 138 127 105 161 120 104 81 101 107 114
Invested Capital Turnover		 0.42 1.67 2.08 2.52 1.55 1.46 2.87 4.28 4.05 2.34 0.87
Increase / (Decrease) in Invested Capital		 18 -27 -11 -22 56 -41 -16 -23 20 6.04 7.31
Enterprise Value (EV)		 -45 -81 -3.54 213 -106 28 28 13 -56 119 86
Market Capitalization		 183 225 232 508 211 291 213 226 164 228 138
Book Value per Share		 $9.02 $7.61 $8.04 $8.90 $10.68 $8.50 $6.60 $6.47 $7.08 $4.70 $3.71
Tangible Book Value per Share		 $8.99 $7.58 $8.01 $8.86 $10.65 $8.47 $6.60 $6.47 $7.08 $4.70 $3.71
Total Capital		 394 333 352 389 467 372 289 283 310 206 163
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -229 -305 -235 -295 -317 -263 -185 -213 -219 -110 -51
Capital Expenditures (CapEx)		 7.22 4.50 3.58 4.85 6.96 4.41 1.46 4.72 6.02 15 17
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 83 -44 40 28 81 47 36 4.91 30 22 40
Debt-free Net Working Capital (DFNWC)		 311 261 275 323 398 310 221 218 249 131 91
Net Working Capital (NWC)		 311 261 275 323 398 310 221 218 249 131 91
Net Nonoperating Expense (NNE)		 -4.38 -5.91 -8.41 2.88 -16 -14 -5.00 4.28 -10 -9.44 12
Net Nonoperating Obligations (NNO)		 -229 -195 -225 -284 -306 -252 -185 -202 -209 -99 -48
Total Depreciation and Amortization (D&A)		 10 11 12 11 12 11 11 11 10 9.31 9.74
Debt-free, Cash-free Net Working Capital to Revenue		 127.04% -17.45% 14.45% 9.61% 39.55% 23.03% 11.22% 1.24% 8.08% 9.02% 41.31%
Debt-free Net Working Capital to Revenue		 479.02% 103.18% 100.02% 110.93% 193.99% 151.40% 68.70% 54.97% 67.67% 54.03% 94.91%
Net Working Capital to Revenue		 479.02% 103.18% 100.02% 110.93% 193.99% 151.40% 68.70% 54.97% 67.67% 54.03% 94.91%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.06 $1.29 $0.54 $1.22 $2.02 $1.06 $0.60 $0.35 $0.00 $0.35 ($1.13)
Adjusted Weighted Average Basic Shares Outstanding		 43.43M 43.54M 43.68M 43.73M 43.74M 43.74M 43.76M 43.76M 0.00 43.77M 43.86M
Adjusted Diluted Earnings per Share		 $1.06 $1.29 $0.54 $1.22 $2.02 $1.06 $0.60 $0.35 $0.00 $0.35 ($1.13)
Adjusted Weighted Average Diluted Shares Outstanding		 43.45M 43.55M 43.69M 43.73M 43.74M 43.74M 43.76M 43.76M 0.00 43.77M 43.86M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 43.72M 43.75M 43.74M 0.00 43.74M 43.74M 43.76M 43.76M 0.00 43.80M 43.86M
Normalized Net Operating Profit after Tax (NOPAT)		 42 26 6.92 56 46 16 9.03 12 27 6.06 -37
Normalized NOPAT Margin		 64.69% 10.10% 2.52% 19.26% 22.28% 7.65% 2.81% 3.10% 7.43% 2.49% -38.74%
Pre Tax Income Margin		 79.82% 16.12% 4.74% 20.68% 38.88% 15.54% 4.96% 3.47% 10.15% 6.70% -51.42%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 349.98 201.31 52.40 295.76 404.15 174.05 98.79 70.28 202.49 63.60 -346.34
NOPAT to Interest Expense		 313.71 291.49 87.77 323.93 416.79 216.78 162.27 152.25 198.31 43.93 -242.44
EBIT Less CapEx to Interest Expense		 296.13 175.33 31.60 267.76 363.93 144.81 87.68 33.43 158.86 -42.64 -458.84
NOPAT Less CapEx to Interest Expense		 259.86 265.51 66.97 295.92 376.57 187.54 151.16 115.40 154.67 -62.32 -354.94
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 22.60% 18.62% 470.79% 19.75% 11.91% 304.37% 456.70% 69.05% 28.10% 773.47% -21.28%
Augmented Payout Ratio		 22.60% 18.62% 470.79% 19.75% 11.91% 304.37% 456.70% 69.05% 28.10% 773.47% -21.28%

Quarterly Metrics And Ratios for FutureFuel

This table displays calculated financial ratios and metrics derived from FutureFuel's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 87,526,486.00 87,526,486.00 87,526,486.00 43,763,243.00 43,763,243.00 - 43,803,243.00 43,803,243.00 43,803,243.00 43,803,243.00 43,863,507.00
DEI Adjusted Shares Outstanding		 87,526,486.00 87,526,486.00 87,526,486.00 43,763,243.00 43,763,243.00 - 43,803,243.00 43,803,243.00 43,803,243.00 43,803,243.00 43,863,507.00
DEI Earnings Per Adjusted Shares Outstanding		 0.03 0.27 0.05 0.22 -0.03 - -0.41 -0.24 -0.21 -0.27 -0.47
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -1.18% -21.90% -21.43% -15.12% -56.20% -33.15% -69.91% -50.73% -55.63% -67.74% 82.19%
EBITDA Growth		 -84.63% 66.80% -77.35% 215.11% -127.69% -83.53% -453.64% -187.66% -872.14% -362.44% -6.77%
EBIT Growth		 -98.18% 82.39% -88.30% 170.09% -1,107.74% -92.73% -985.89% -241.20% -242.13% -942.14% -7.09%
NOPAT Growth		 -98.06% 55.22% -89.49% 167.19% -783.62% -92.53% -810.31% -253.27% -237.08% -673.12% -7.09%
Net Income Growth		 -82.41% 56.59% -79.46% 197.08% -143.05% -88.04% -517.88% -208.83% -680.50% -529.42% -13.75%
EPS Growth		 -83.33% 58.82% -79.17% 195.65% -150.00% -88.89% -510.00% -209.09% -600.00% -566.67% -14.63%
Operating Cash Flow Growth		 6.70% 54.26% 59.04% 356.09% -47.42% -229.37% 55.82% -81.25% -104.32% -65.15% -270.64%
Free Cash Flow Firm Growth		 -143.32% -99.38% 1,263.30% 181.16% 140.66% -2,071.79% -21.56% -76.93% -216.73% -255.45% -546.32%
Invested Capital Growth		 31.64% 25.02% -6.36% -21.21% -11.80% 5.98% -17.83% -15.39% 4.52% 6.83% 21.00%
Revenue Q/Q Growth		 36.86% -21.19% -36.66% 24.24% -29.37% 20.28% -71.49% 103.40% -36.40% -12.55% 61.03%
EBITDA Q/Q Growth		 132.58% 693.46% -79.00% 112.07% -107.84% 571.89% -550.95% 45.44% 13.10% -27.39% -83.46%
EBIT Q/Q Growth		 102.57% 6,770.03% -89.23% 268.23% -137.00% 149.55% -1,412.41% 39.36% 10.36% -21.96% -66.89%
NOPAT Q/Q Growth		 103.65% 6,808.85% -90.61% 184.02% -137.11% 175.45% -993.16% 36.68% 18.39% -28.29% -66.89%
Net Income Q/Q Growth		 128.16% 742.36% -81.48% 121.04% -112.49% 334.06% -746.91% 40.96% 10.46% -28.78% -71.36%
EPS Q/Q Growth		 126.09% 800.00% -81.48% 120.00% -113.64% 300.00% -783.33% 40.00% 12.50% -33.33% -67.86%
Operating Cash Flow Q/Q Growth		 552.54% -73.86% -195.09% 327.66% -7.09% -164.32% 67.53% 196.61% -121.41% -2,358.42% 27.12%
Free Cash Flow Firm Q/Q Growth		 46.34% 101.03% 4,325.68% 231.71% -73.11% -149.95% 276.05% -7.51% -236.03% -52.11% -121.05%
Invested Capital Q/Q Growth		 -29.43% 7.72% 19.90% -13.55% -21.01% 29.45% -7.04% -10.99% -2.41% 32.31% 5.29%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 3.31% 26.17% 8.59% 11.96% 0.75% 9.10% -86.60% -24.58% -30.11% -46.69% -49.63%
EBITDA Margin		 2.49% 25.04% 8.30% 14.17% -1.57% 6.17% -97.55% -25.21% -34.45% -50.18% -57.17%
Operating Margin		 0.25% 22.18% 3.77% 7.53% -5.65% 2.62% -110.98% -33.44% -42.91% -62.94% -65.23%
EBIT Margin		 0.25% 22.18% 3.77% 11.17% -5.85% 2.41% -110.98% -32.02% -45.13% -62.94% -65.23%
Profit (Net Income) Margin		 2.38% 25.41% 7.43% 13.22% -2.34% 4.55% -103.17% -29.20% -41.11% -60.53% -64.42%
Tax Burden Percent		 99.57% 100.14% 87.26% 99.94% 99.75% 94.69% 99.08% 100.34% 99.71% 101.27% 100.04%
Interest Burden Percent		 938.72% 114.44% 225.85% 118.38% 40.03% 199.19% 93.83% 90.88% 91.35% 94.96% 98.71%
Effective Tax Rate		 0.43% -0.14% 12.74% 0.06% 0.00% 5.31% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 1.21% 90.02% 9.27% 21.51% -12.28% 5.80% -142.77% -40.20% -48.83% -38.13% -45.77%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 88.58% 7.40% 18.47% -12.77% 4.98% -137.60% -38.13% -46.48% -33.69% -34.93%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -61.44% -3.76% -9.85% 8.36% -2.97% 60.45% 19.37% 25.94% 13.46% 11.69%
Return on Equity (ROE)		 1.21% 28.58% 5.50% 11.66% -3.92% 2.83% -82.32% -20.83% -22.90% -24.67% -34.08%
Cash Return on Invested Capital (CROIC)		 -3.34% 7.89% 15.34% 47.25% 40.61% 0.02% 9.86% -6.55% -36.63% -40.13% -53.64%
Operating Return on Assets (OROA)		 0.29% 22.59% 3.60% 12.32% -5.32% 1.91% -75.82% -22.16% -26.97% -26.90% -35.34%
Return on Assets (ROA)		 2.73% 25.89% 7.09% 14.58% -2.12% 3.60% -70.49% -20.20% -24.56% -25.87% -34.90%
Return on Common Equity (ROCE)		 1.21% 28.58% 5.50% 11.66% -3.92% 2.83% -82.32% -20.83% -22.90% -24.67% -34.08%
Return on Equity Simple (ROE_SIMPLE)		 9.74% 0.00% 10.07% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 0.30 20 1.92 5.45 -2.02 1.53 -14 -8.35 -6.81 -8.74 -15
NOPAT Margin		 0.25% 22.21% 3.29% 7.52% -3.95% 2.48% -77.68% -23.41% -30.03% -44.06% -45.66%
Net Nonoperating Expense Percent (NNEP)		 1.21% 1.44% 1.86% 3.04% 0.50% 0.83% -5.17% -2.07% -2.35% -4.44% -10.84%
Return On Investment Capital (ROIC_SIMPLE)		 - 6.59% 0.94% 2.54% -0.95% 0.74% -7.23% -4.68% -4.03% -5.38% -10.28%
Cost of Revenue to Revenue		 96.69% 73.83% 91.41% 88.04% 99.25% 90.90% 186.60% 124.58% 130.11% 146.69% 149.63%
SG&A Expenses to Revenue		 2.06% 2.74% 3.27% 3.16% 4.48% 4.55% 16.44% 6.25% 9.03% 12.79% 12.97%
R&D to Revenue		 1.00% 1.26% 1.55% 1.27% 1.92% 1.93% 7.93% 2.62% 3.77% 3.46% 2.63%
Operating Expenses to Revenue		 3.06% 3.99% 4.82% 4.43% 6.40% 6.48% 24.38% 8.86% 12.80% 16.25% 15.60%
Earnings before Interest and Taxes (EBIT)		 0.30 20 2.20 8.09 -2.99 1.48 -19 -11 -10 -12 -21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 2.90 23 4.84 10 -0.80 3.79 -17 -8.99 -7.82 -9.96 -18
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.70 0.53 1.14 1.00 1.12 1.11 0.85 0.95 1.00 0.85 1.19
Price to Tangible Book Value (P/TBV)		 0.70 0.53 1.14 1.00 1.12 1.11 0.85 0.95 1.00 0.85 1.19
Price to Revenue (P/Rev)		 0.53 0.44 0.66 0.63 0.87 0.94 0.79 1.02 1.24 1.44 1.53
Price to Earnings (P/E)		 7.21 4.38 11.30 5.33 6.59 14.73 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 5.03% 6.41% 4.51% 56.20% 50.39% 52.52% 74.75% 6.19% 6.19% 7.63% 6.23%
Earnings Yield		 13.87% 22.83% 8.85% 18.78% 15.17% 6.79% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.03 0.00 0.26 0.94 1.27 1.11 0.64 0.85 0.98 0.76 1.22
Enterprise Value to Revenue (EV/Rev)		 0.01 0.00 0.09 0.29 0.38 0.49 0.31 0.45 0.61 0.90 1.33
Enterprise Value to EBITDA (EV/EBITDA)		 0.09 0.00 1.46 2.40 2.80 6.57 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.15 0.00 2.81 3.17 3.78 13.53 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.14 0.00 2.91 3.52 4.23 19.59 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.16 0.00 0.82 1.27 1.93 4.79 2.01 8.28 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 1.66 1.75 2.92 5,326.41 5.84 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.71 -0.69 -0.51 -0.53 -0.65 -0.60 -0.44 -0.51 -0.56 -0.40 -0.33
Leverage Ratio		 1.19 1.22 1.45 1.21 1.18 1.19 1.51 1.22 1.20 1.22 1.23
Compound Leverage Factor		 11.21 1.40 3.28 1.43 0.47 2.37 1.42 1.11 1.10 1.15 1.22
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 4.58 3.82 2.33 4.88 5.07 4.91 3.55 3.50 3.74 2.72 2.93
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 8.32 7.03 2.00 5.54 5.94 4.95 4.70 4.16 4.46 6.12 4.79
Quick Ratio		 7.33 5.99 1.56 4.48 5.04 3.95 3.44 3.43 3.69 3.42 2.03
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -22 0.23 10 34 9.04 -4.51 7.95 7.76 -11 -16 -35
Operating Cash Flow to CapEx		 4,389.90% 1,249.12% -537.22% 927.56% 484.65% -408.89% -135.83% 95.25% -20.89% -1,130.45% -371.19%
Free Cash Flow to Firm to Interest Expense		 -617.37 6.54 289.52 988.61 258.21 -132.78 220.78 298.28 -83.73 0.00 -1,223.21
Operating Cash Flow to Interest Expense		 1,364.53 366.89 -348.89 817.62 737.91 -488.62 -149.86 200.46 -8.86 0.00 -689.52
Operating Cash Flow Less CapEx to Interest Expense		 1,333.44 337.51 -413.83 729.47 585.66 -608.12 -260.19 -10.00 -51.25 0.00 -875.28
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.15 1.02 0.95 1.10 0.91 0.79 0.68 0.69 0.60 0.43 0.54
Accounts Receivable Turnover		 14.81 13.49 14.01 10.96 12.05 9.67 12.55 7.48 11.53 6.12 10.37
Inventory Turnover		 16.31 12.55 5.23 6.15 9.10 9.72 4.91 9.36 10.45 5.41 5.20
Fixed Asset Turnover		 5.15 4.92 4.71 4.53 3.62 3.22 2.66 2.09 1.69 1.16 1.30
Accounts Payable Turnover		 13.60 11.18 12.27 14.35 14.49 13.62 17.44 17.56 16.82 12.69 16.21
Days Sales Outstanding (DSO)		 24.65 27.06 26.05 33.31 30.30 37.73 29.08 48.78 31.66 59.66 35.19
Days Inventory Outstanding (DIO)		 22.38 29.08 69.74 59.36 40.10 37.55 74.35 38.98 34.94 67.48 70.16
Days Payable Outstanding (DPO)		 26.85 32.66 29.75 25.44 25.19 26.79 20.93 20.79 21.70 28.75 22.51
Cash Conversion Cycle (CCC)		 20.18 23.48 66.04 67.24 45.21 48.48 82.50 66.97 44.90 98.39 82.84
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 94 101 121 105 83 107 99 89 86 114 120
Invested Capital Turnover		 4.78 4.05 2.82 2.86 3.11 2.34 1.84 1.72 1.63 0.87 1.00
Increase / (Decrease) in Invested Capital		 23 20 -8.22 -28 -11 6.04 -22 -16 3.74 7.31 21
Enterprise Value (EV)		 2.73 -56 32 98 105 119 63 75 84 86 147
Market Capitalization		 209 164 233 213 238 228 161 170 170 138 169
Book Value per Share		 $6.79 $7.08 $4.68 $4.90 $4.87 $4.70 $4.31 $4.07 $3.86 $3.71 $3.24
Tangible Book Value per Share		 $6.79 $7.08 $4.68 $4.90 $4.87 $4.70 $4.31 $4.07 $3.86 $3.71 $3.24
Total Capital		 297 310 205 214 213 206 188 178 169 163 142
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -206 -219 -201 -115 -133 -110 -97 -95 -86 -51 -22
Capital Expenditures (CapEx)		 1.12 1.03 2.27 3.00 5.33 4.06 3.97 5.47 5.34 2.43 5.39
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 29 30 -56 35 13 22 16 2.66 1.93 40 44
Debt-free Net Working Capital (DFNWC)		 235 249 145 151 147 131 113 98 87 91 67
Net Working Capital (NWC)		 235 249 145 151 147 131 113 98 87 91 67
Net Nonoperating Expense (NNE)		 -2.48 -2.95 -2.41 -4.12 -0.83 -1.27 4.47 2.07 2.51 3.27 5.99
Net Nonoperating Obligations (NNO)		 -203 -209 -84 -110 -131 -99 -89 -90 -83 -48 -22
Total Depreciation and Amortization (D&A)		 2.61 2.64 2.64 2.17 2.19 2.31 2.35 2.43 2.42 2.53 2.58
Debt-free, Cash-free Net Working Capital to Revenue		 7.40% 8.08% -15.99% 10.44% 4.82% 9.02% 7.78% 1.60% 1.40% 41.31% 40.13%
Debt-free Net Working Capital to Revenue		 59.66% 67.67% 41.09% 44.34% 53.53% 54.03% 55.70% 58.97% 63.67% 94.91% 60.44%
Net Working Capital to Revenue		 59.66% 67.67% 41.09% 44.34% 53.53% 54.03% 55.70% 58.97% 63.67% 94.91% 60.44%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.54 $0.10 $0.22 ($0.03) $0.06 ($0.40) ($0.24) ($0.21) ($0.28) ($0.47)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 43.76M 43.76M 43.76M 43.76M 43.77M 43.80M 43.80M 43.80M 43.86M 44.03M
Adjusted Diluted Earnings per Share		 $0.00 $0.54 $0.10 $0.22 ($0.03) $0.06 ($0.40) ($0.24) ($0.21) ($0.28) ($0.47)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 43.76M 43.76M 43.76M 43.76M 43.77M 43.80M 43.80M 43.80M 43.86M 44.03M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 43.76M 43.76M 43.76M 43.76M 43.80M 43.80M 43.80M 43.80M 43.86M 43.86M
Normalized Net Operating Profit after Tax (NOPAT)		 0.30 14 1.92 5.45 -2.02 1.53 -14 -8.35 -6.81 -8.74 -15
Normalized NOPAT Margin		 0.25% 15.52% 3.29% 7.52% -3.95% 2.48% -77.68% -23.41% -30.03% -44.06% -45.66%
Pre Tax Income Margin		 2.39% 25.38% 8.51% 13.23% -2.34% 4.80% -104.13% -29.10% -41.23% -59.77% -64.39%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 8.25 582.97 62.77 237.94 -85.51 43.62 -540.64 -439.35 -81.27 0.00 -718.72
NOPAT to Interest Expense		 8.21 583.74 54.80 160.22 -57.76 44.86 -378.45 -321.14 -54.08 0.00 -503.11
EBIT Less CapEx to Interest Expense		 -22.83 553.60 -2.17 149.79 -237.77 -75.88 -650.97 -649.81 -123.67 0.00 -904.48
NOPAT Less CapEx to Interest Expense		 -22.87 554.37 -10.14 72.08 -210.02 -74.64 -488.78 -531.60 -96.48 0.00 -688.87
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 36.30% 28.10% 50.91% 299.32% 332.26% 773.47% -1,732.60% -39.71% -30.39% -21.28% -20.27%
Augmented Payout Ratio		 36.30% 28.10% 50.91% 299.32% 332.26% 773.47% -1,732.60% -39.71% -30.39% -21.28% -20.27%

Financials Breakdown Chart

Key Financial Trends

FutureFuel’s latest quarter shows a sharp deterioration in profitability and cash generation compared with the prior year. In Q1 2026, revenue rose to $32.0 million from $17.5 million in Q1 2025, but costs rose even faster, producing a gross loss of $15.9 million and an operating loss of $20.8 million. That is a clear sign the business is still struggling to convert sales into profit.

  • Revenue improved year over year in Q1 2026. Sales increased to $32.0 million from $17.5 million in Q1 2025, showing better top-line demand than a year ago.
  • SG&A expense stayed relatively contained. Selling, general and administrative costs were $4.1 million, which is modest relative to revenue and suggests some discipline on overhead.
  • R&D spending remained limited. Research and development expense was just $0.8 million in Q1 2026, leaving room for flexibility in a weak operating environment.
  • Cash and marketable liquidity remain meaningful. FutureFuel ended Q1 2026 with $22.4 million in cash and equivalents, which provides some near-term cushion.
  • The company still generated interest and investment income. Other income was $0.3 million in Q1 2026, which partially offset losses but was not nearly enough to change the overall picture.
  • Dividend payments continue. FutureFuel paid $2.6 million in dividends in Q1 2026, indicating management is still returning cash even while earnings are negative.
  • Capital spending continued. The company spent $5.4 million on property, plant and equipment in Q1 2026, suggesting ongoing investment in the asset base.
  • Gross margin remains deeply negative. Q1 2026 cost of revenue was $47.8 million against $32.0 million of revenue, resulting in a gross loss of $15.9 million.
  • Operating losses widened sharply versus last year. Operating loss worsened to $20.8 million from $19.5 million in Q1 2025, despite the higher revenue.
  • Cash flow from operations was negative. The company used $20.0 million in operating cash during Q1 2026, compared with negative $5.4 million in Q1 2025.
  • Cash declined quickly during the quarter. Cash and equivalents fell from $51.3 million at the end of Q4 2025 to $22.4 million at the end of Q1 2026, reflecting a $28.9 million quarterly drop.

Looking at the broader trend, FutureFuel’s results have been highly volatile. The company was profitable in parts of 2024, including Q1 and Q2, but performance weakened through late 2024 and into 2025. By Q1 2026, the business had moved back into a much weaker operating position, with losses at both the gross and operating levels.

The balance sheet is still intact, but the trend is moving in the wrong direction. Total equity fell from $178.2 million in Q2 2025 to $141.9 million in Q1 2026, while liabilities stayed elevated at $37.1 million. Inventory also rose meaningfully to $31.1 million, which may pressure working capital if demand does not improve.

Bottom line: FutureFuel still has liquidity and some balance-sheet support, but the latest quarter reinforces a bearish operating trend. Investors should watch for evidence of margin recovery, better operating cash flow, and a stabilization in cash balances before assuming the business has turned a corner.

07/21/26 02:48 AM ETAI Generated. May Contain Errors.

FutureFuel Financials - Frequently Asked Questions

According to the most recent income statement we have on file, FutureFuel's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

FutureFuel's net income appears to be on a downward trend, with a most recent value of -$49.40 million in 2025, falling from $53.20 million in 2014. The previous period was $15.50 million in 2024. Check out FutureFuel's forecast to explore projected trends and price targets.

FutureFuel's total operating income in 2025 was -$52.99 million, based on the following breakdown:
  • Total Gross Profit: -$39.43 million
  • Total Operating Expenses: $13.57 million

Over the last 10 years, FutureFuel's total revenue changed from $341.84 million in 2014 to $95.74 million in 2025, a change of -72.0%.

FutureFuel's total liabilities were at $37.68 million at the end of 2025, a 10.0% decrease from 2024, and a 60.3% decrease since 2015.

In the past 10 years, FutureFuel's cash and equivalents has ranged from $51.32 million in 2025 to $243.33 million in 2019, and is currently $51.32 million as of their latest financial filing in 2025.

Over the last 10 years, FutureFuel's book value per share changed from 9.02 in 2015 to 3.71 in 2025, a change of -58.8%.


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Financial statements for NYSE:FF last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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