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Financials · FF

FutureFuel Corp. (FF) financials

For the twelve months ended Sep 30, 2026, FutureFuel Corp. reported $235.19M of revenue and -$25.55M of net income.

Revenue, TTM
$235.19M
Revenue growth, YoY
+71.2%
Net income, TTM
-$25.55M
Net margin
-10.9%
Free cash flow, TTM
-$58.06M
EPS, diluted, TTM
-$0.60
Cash
$21.33M
P/S
0.95
Market cap
$222.4M
Annual revenue$95.74M
FY2016FY2025
Annual net income-$49.40M
FY2016FY2025
Annual free cash flow-$45.98M
FY2016FY2025

FF revenue and earnings growth

FF revenueQ3 2026$104.67M

Quarter YoY
+361.3%
QoQ
+33.0%
FY YoY
-60.7%
5Y CAGR
-14.1%
10Y CAGR
-8.6%

FF revenue was $104.67M in fiscal Q3 2026 (ended Sep 30, 2026), up 361.3% from a year earlier and up 33.0% from the prior quarter. For the full fiscal 2025 it was $95.74M, down 60.7% from fiscal 2024. Compound annual growth was -14.1% over 5 years and -8.6% over 10 years. It rose in 5 of the last 10 fiscal years.

FF net incomeQ3 2026-$8.39M

FF net income was -$8.39M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$9.16M a year earlier. For the full fiscal 2025 it was -$49.40M, compared with $15.50M in fiscal 2024.

FF EPSQ3 2026-$0.19

FF diluted EPS was -$0.19 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.21 a year earlier. For the full fiscal 2025 it was -$1.13, compared with $0.35 in fiscal 2024.

FF free cash flowQ3 2026-$13.59M

FF free cash flow was -$13.59M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$6.46M a year earlier. For the full fiscal 2025 it was -$45.98M, compared with $10.13M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$95.74M$243.34M$368.25M$396.01M$321.39M$204.50M$205.23M$291.02M$275.03M$253.19M
Cost of revenue-------$191.76M$224.25M$191.66M
Gross profit-$39.42M$19.64M$40.98M$28.99M$23.54M$31.31M$74.14M$73.40M$20.26M$46.86M
Research and development$3.87M$3.99M$4.40M$3.42M$3.48M$2.99M$3.19M$3.52M$3.66M$2.71M
Selling, general and admin$9.70M$9.28M$9.21M$8.03M------
Operating income-$52.99M$6.37M$27.37M$17.55M$12.90M$22.34M$65.31M$63.44M$9.89M$36.52M
Interest expense$153.0K$138.0K$138.0K$128.0K$131.0K$151.0K$173.0K$173.0K$172.0K$173.0K
Pre-tax income-$49.23M$16.30M$37.38M$13.74M$15.93M$31.78M$79.80M$60.18M$16.65M$40.81M
Income tax$165.0K$792.0K$1.0K-$1.47M-$10.32M-$14.79M-$8.39M$7.02M-$6.86M-$15.54M
Net income-$49.40M$15.50M$37.38M$15.21M$26.25M$46.56M$88.18M$53.16M$23.51M$56.34M
EPS, basic-$1.13$0.35$0.85$0.35$0.60$1.06$2.02$1.22$0.54$1.29
EPS, diluted-$1.13$0.35$0.85$0.35$0.60$1.06$2.02$1.22$0.54$1.29
Diluted shares43.9M43.8M43.8M43.8M43.8M43.7M43.7M43.7M43.7M43.5M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$51.32M$109.54M$219.44M$175.64M$137.52M$198.12M$243.33M$214.97M$114.63M$199.27M
Short-term investments--$0$37.13M$47.19M$64.40M$73.62M$79.89M$120.70M$106.15M
Receivables$9.40M$21.90M$28.41M$26.20M$29.32M$21.39M$110.26M$16.29M$21.97M$24.36M
Inventory$29.33M$20.64M$25.38M$26.76M$26.92M$33.89M$37.57M$39.30M$43.75M$52.09M
Current assets$108.60M$164.79M$290.55M$273.78M$255.83M$342.61M$480.89M$362.33M$310.36M$405.28M
Total assets$200.32M$247.69M$367.08M$355.97M$344.33M$441.30M$586.50M$471.15M$425.56M$529.04M
Current liabilities$17.74M$33.31M$41.34M$56.10M$35.06M$32.99M$82.76M$39.49M$35.28M$144.05M
Total liabilities$37.68M$41.87M$57.20M$72.97M$55.40M$69.42M$119.41M$82.08M$73.97M$196.23M
Shareholders' equity$162.64M$205.82M$309.88M$283.00M$288.93M$371.88M$467.10M$389.08M$351.60M$332.81M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-$28.73M$24.80M$21.30M$52.45M$44.08M$96.40M$34.64M$85.61M$39.35M$90.97M
Capital expenditures$17.25M$14.67M$6.02M$4.78M$1.46M$4.46M$6.97M$4.87M$3.58M$4.50M
Free cash flow-$45.98M$10.13M$15.28M$47.67M$42.63M$91.94M$27.67M$80.75M$35.77M$86.48M
Investing cash flow-$18.60M-$14.79M$33.02M-$3.83M$14.99M$474.0K$4.22M$25.41M-$13.18M-$35.21M
Financing cash flow-$10.89M-$119.91M-$10.52M-$10.50M-$119.68M-$142.09M-$10.50M-$10.67M-$110.81M-$10.54M
Dividends paid$10.51M$119.91M$10.50M$10.50M$119.91M$141.73M$10.50M$10.50M$110.69M$10.49M
Stock-based compensation$1.01M$359.0K$0$46.0K$0$49.0K$21.0K$357.0K$998.0K$1.91M
Depreciation and amortization-----$11.15M$12.09M$11.23M$11.64M$10.82M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-60.7%-33.9%-7.0%23.2%57.2%-0.4%-29.5%5.8%8.6%7.9%
Net income growth, YoY--58.5%145.8%-42.1%-43.6%-47.2%65.9%126.1%-58.3%21.4%
EPS growth, YoY--58.8%142.9%-41.7%-43.4%-47.5%65.6%125.9%-58.1%21.7%
Gross margin-41.2%8.1%11.1%7.3%7.3%15.3%36.1%25.2%7.4%18.5%
Operating margin-55.3%2.6%7.4%4.4%4.0%10.9%31.8%21.8%3.6%14.4%
Net margin-51.6%6.4%10.2%3.8%8.2%22.8%43.0%18.3%8.5%22.3%
Free cash flow margin-48.0%4.2%4.1%12.0%13.3%45.0%13.5%27.7%13.0%34.2%
Return on equity-30.4%7.5%12.1%5.4%9.1%12.5%18.9%13.7%6.7%16.9%
Return on assets-24.7%6.3%10.2%4.3%7.6%10.6%15.0%11.3%5.5%10.6%
Current ratio6.124.957.034.887.3010.395.819.188.802.81

Source: XBRL data FutureFuel Corp. files with the SEC, latest filing dated Nov 9, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

FF peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
FF$235.19M+71.2%-$25.55M-10.9%$222.4M
LIN$36.24B+8.2%$7.01B19.3%$238.88B
APD$12.60B+4.5%-$47.30M-0.4%$69.27B
DOW$42.61B+4.2%-$897.00M-2.1%$22.41B
IFF$11.69B+24.3%$182.00M1.6%$21.14B
DD$7.06B+3.2%$301.00M4.3%$20.56B
LYB$31.96B+3.5%$1.30B4.1%$19.23B
ALB$6.15B+24.4%$681.63M11.1%$11.70B
SOLS$4.17B+9.4%$325.00M7.8%$10.01B

FF FAQ

9 questions
  • What is FF revenue?
    FutureFuel Corp. (FF) reported $235.19M of revenue for the twelve months ended Sep 30, 2026. That is up 71.2% from the year before. Revenue for fiscal 2025 was $95.74M.
  • Is FF profitable?
    No. FutureFuel Corp. reported a net loss of $25.55M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does FF have?
    FutureFuel Corp. reported $21.33M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is FF revenue growing?
    FutureFuel Corp.'s revenue changed -60.7% in fiscal 2025, to $95.74M. Its compound annual growth rate was -14.1% over 5 years and -8.6% over 10 years.
  • What is FF gross margin?
    FutureFuel Corp.'s gross profit was -$11.64M on $235.19M of revenue for the twelve months ended Sep 30, 2026, a gross margin of -5.0%.
  • What is FF free cash flow?
    FutureFuel Corp. generated -$58.06M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$38.91M less capital expenditures.
  • What is FF earnings per share?
    Diluted earnings per share were -$0.60 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did FF last report financial results?
    The latest statements here come from FutureFuel Corp.'s 10-Q filed on Nov 9, 2026, covering the period ended Sep 30, 2026.
  • Where does this FF financial data come from?
    Quantisnow builds these statements from the structured XBRL data FutureFuel Corp. files with the SEC. It is provided for information only and is not investment advice.