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FutureFuel Corp.

FF

FutureFuel Corp. • NYSE
$3.30 ▲ 1.23% (+0.04)
Market Cap $144.55 M
52w High $5.78
52w Low $3.09
Dividend Yield 0.24%
P/E -4.18
Volume 54.75K
Outstanding Shares 43.80M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $22.689M ▼ $2.904M ▼ $-9.327M ▲ -41.108% ▼ $-0.21 ▲ $-6.824M ▲
Q2-2025 $35.673M ▲ $3.161M ▼ $-10.416M ▲ -29.199% ▲ $-0.24 ▲ $-7.944M ▲
Q1-2025 $17.538M ▼ $4.275M ▲ $-17.643M ▼ -100.599% ▼ $-0.4 ▼ $-15.273M ▼
Q4-2024 $61.509M ▲ $3.986M ▲ $2.797M ▲ 4.547% ▲ $0.064 ▲ $5.273M ▲
Q3-2024 $51.14M $3.271M $-1.195M -2.337% $-0.027 $1M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $85.56M ▼ $203.492M ▼ $34.369M ▼ $169.123M ▼
Q2-2025 $95.152M ▼ $218.212M ▼ $39.988M ▲ $178.224M ▼
Q1-2025 $97.071M ▼ $227.669M ▼ $39.265M ▼ $188.404M ▼
Q4-2024 $109.541M ▼ $247.691M ▼ $41.87M ▼ $205.821M ▼
Q3-2024 $133.398M $256.466M $43.175M $213.291M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-9.327M ▲ $-1.116M ▼ $-5.841M ▼ $-2.635M ▼ $-9.592M ▼ $-6.458M ▼
Q2-2025 $-10.416M ▲ $5.212M ▲ $-4.503M ▼ $-2.628M ▲ $-1.919M ▲ $-263K ▲
Q1-2025 $-17.643M ▼ $-5.395M ▲ $-4.082M ▲ $-2.993M ▼ $-12.47M ▲ $-9.398M ▲
Q4-2024 $2.797M ▲ $-16.613M ▼ $-4.618M ▲ $-2.626M ▼ $-23.857M ▼ $-20.676M ▼
Q3-2024 $-1.195M $25.827M $-4.864M $-2.625M $18.338M $20.492M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Biofuels
Biofuels
 $90.00M ▲$10.00M ▼$20.00M ▲$10.00M ▼
Chemicals
Chemicals
 $40.00M ▲$10.00M ▼$20.00M ▲$20.00M ▲

Five-Year Company Overview

Income Statement

Income Statement FutureFuel has stayed profitable over the past five years, but its earnings have been uneven. Revenue climbed into 2022 and then slid back in 2023 and 2024, suggesting a tougher demand or pricing environment. Profit margins are positive but modest, so there is not a big buffer if costs rise or volumes fall. Earnings per share have trended down from earlier, stronger years, which hints that the business is stable but not currently in a strong growth phase. Overall, this looks like a company that manages to earn money consistently, but with clear volatility and pressure on growth.

Balance Sheet

Balance Sheet The balance sheet is a clear strength: the company carries essentially no debt and funds itself from its own capital. Cash balances are solid relative to the size of the business, even though they have come down from peak levels. Total assets and shareholder equity have edged lower compared with a few years ago, which may reflect limited expansion and some value being returned or consumed. Financially, FutureFuel appears conservative and resilient, but not aggressively building up its asset base.

Cash Flow

Cash Flow FutureFuel generates cash from its operations year after year, which supports the idea of an underlying, cash-generative business. Free cash flow has closely tracked operating cash flow, because spending on new plants and equipment has historically been modest. This is efficient in the short term, but it also signals that major growth investments have been limited until very recently. The key watchpoint is whether new projects, like the integrated chemical facility, increase investment needs and how that affects future free cash flow.

Competitive Edge

Competitive Edge The company competes from a focused niche, not as a broad, global chemicals giant. Its strength lies in custom specialty chemicals made for specific large customers and the ability to switch capacity between chemicals and biodiesel as markets change. The flexible plant and skill in using difficult, lower-cost biofuel feedstocks provide a cost and adaptability edge versus more rigid competitors. However, its smaller scale, reliance on a narrower set of products and customers, and sensitivity to biofuel regulations leave it more exposed to swings in specific markets than diversified peers.

Innovation and R&D

Innovation and R&D Innovation is centered on process know‑how and flexible manufacturing rather than headline‑grabbing new molecules. The new backward‑integrated specialty chemical plant is a meaningful strategic step, aiming to lower input costs, improve supply security, and open additional specialty products. The company’s ability to handle varied, harder‑to‑process biodiesel feedstocks is another technical advantage that could pay off if biofuel economics improve. Execution risk is real: ramping up the new plant, winning new projects, and potentially restarting biodiesel profitably will determine whether today’s investment in innovation translates into stronger future earnings.

Summary

FutureFuel looks like a conservatively run, niche chemicals and biofuels business with steady but not fast‑growing economics. It has stayed profitable and cash‑generative, backed by a very clean, debt‑free balance sheet, which provides a cushion against industry and regulatory swings. The trade‑off is that revenue and earnings have been choppy, with some recent softening and no clear long‑term growth trend in the historical numbers. The strategic pivot toward higher‑value specialty chemicals, supported by a new integrated plant and a pipeline of custom projects, offers upside potential but also adds execution risk. How well the company scales this specialty chemicals strategy, manages biofuel cyclicality, and deploys its strong balance sheet will be central to its future trajectory.

NEWS

November 10, 2025 · 4:05 PM UTC

FutureFuel Releases Third Quarter 2025 Results

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October 21, 2025 · 6:25 PM UTC

FutureFuel to Release Third Quarter 2025 Financial Results on November 10, 2025

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October 15, 2025 · 9:00 AM UTC

FutureFuel Announcement and Update.

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October 6, 2025 · 7:35 PM UTC

Future Fuels Unlocks Historic Geophysical Survey Data; Marketing Update

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September 29, 2025 · 10:00 PM UTC

FutureFuel Announces Director Resignation

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