FutureFuel (FF) financial statements
FutureFuel reported revenue of $96M in fiscal 2025, down 10.2% a year over 9 years.
Net income was -$49M and the operating margin -55.3%, against 14.4% in 2016.
Free cash flow was -$46M, and the company returned $11M in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from FutureFuel's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $253M | $275M | $291M | $205M | $205M | $321M | $396M | $368M | $243M | $96M |
| Cost of revenue | $192M | $224M | $192M | — | — | — | — | — | — | — |
| Gross profit | $47M | $20M | $73M | $74M | $31M | $24M | $29M | $41M | $20M | -$39M |
| Research and development | $3M | $4M | $4M | $3M | $3M | $3M | $3M | $4M | $4M | $4M |
| Selling, general and admin | — | — | — | — | — | — | $8M | $9M | $9M | $10M |
| Operating income | $37M | $10M | $63M | $65M | $22M | $13M | $18M | $27M | $6M | -$53M |
| Interest expense | $173,000 | $172,000 | $173,000 | $173,000 | $151,000 | $131,000 | $128,000 | $138,000 | $138,000 | $153,000 |
| Pre-tax income | $41M | $17M | $60M | $80M | $32M | $16M | $14M | $37M | $16M | -$49M |
| Income tax | -$16M | -$7M | $7M | -$8M | -$15M | -$10M | -$1M | $1,000 | $792,000 | $165,000 |
| Net income | $56M | $24M | $53M | $88M | $47M | $26M | $15M | $37M | $16M | -$49M |
| EPS (diluted) | $1.29 | $0.54 | $1.22 | $2.02 | $1.06 | $0.60 | $0.35 | $0.85 | $0.35 | -$1.13 |
| Diluted shares | 44M | 44M | 44M | 44M | 44M | 44M | 44M | 44M | 44M | 44M |
| Gross margin | 18.5% | 7.4% | 25.2% | 36.1% | 15.3% | 7.3% | 7.3% | 11.1% | 8.1% | -41.2% |
| Operating margin | 14.4% | 3.6% | 21.8% | 31.8% | 10.9% | 4.0% | 4.4% | 7.4% | 2.6% | -55.3% |
| Net margin | 22.3% | 8.5% | 18.3% | 43.0% | 22.8% | 8.2% | 3.8% | 10.2% | 6.4% | -51.6% |
Balance sheet
Fiscal years, from FutureFuel's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $305M | $235M | $295M | $317M | $263M | $185M | $213M | $219M | $110M | $51M |
| Receivables | $24M | $22M | $16M | $110M | $21M | $29M | $26M | $28M | $22M | $9M |
| Inventory | $52M | $44M | $39M | $38M | $34M | $27M | $27M | $25M | $21M | $29M |
| Total current assets | $405M | $310M | $362M | $481M | $343M | $256M | $274M | $291M | $165M | $109M |
| Property, plant and equipment | $118M | $110M | $104M | $99M | $92M | $83M | $77M | $73M | $79M | $87M |
| Total assets | $529M | $426M | $471M | $587M | $441M | $344M | $356M | $367M | $248M | $200M |
| Total current liabilities | $144M | $35M | $39M | $83M | $33M | $35M | $56M | $41M | $33M | $18M |
| Total liabilities | $196M | $74M | $82M | $119M | $69M | $55M | $73M | $57M | $42M | $38M |
| Shareholders' equity | $333M | $352M | $389M | $467M | $372M | $289M | $283M | $310M | $206M | $163M |
| Net debt | -$199M | -$115M | -$215M | -$243M | -$198M | -$138M | -$176M | -$219M | -$110M | -$51M |
Cash flow
Fiscal years, from FutureFuel's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $91M | $39M | $86M | $35M | $96M | $44M | $52M | $21M | $25M | -$29M |
| Capital spending | $4M | $4M | $5M | $7M | $4M | $1M | $5M | $6M | $15M | $17M |
| Free cash flow | $86M | $36M | $81M | $28M | $92M | $43M | $48M | $15M | $10M | -$46M |
| Stock-based compensation | $2M | $998,000 | $357,000 | $21,000 | $49,000 | $0 | $46,000 | $0 | $359,000 | $1M |
| Dividends paid | $10M | $111M | $10M | $10M | $142M | $120M | $11M | $11M | $120M | $11M |
| Free cash flow margin | 34.2% | 13.0% | 27.7% | 13.5% | 45.0% | 13.3% | 12.0% | 4.1% | 4.2% | -48.0% |
| Dividends per share | $0.24 | $2.53 | $0.24 | $0.24 | $3.24 | $2.74 | $0.24 | $0.24 | $2.74 | $0.24 |
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Open FF in InvestinglyQuestions
What was FutureFuel's revenue in 2025?
$96M in fiscal 2025, from its 10-K filing.
How much free cash flow does FutureFuel generate?
-$46M in fiscal 2025 (operating cash flow minus capital spending).
From FutureFuel's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.