FutureFuel Corp. (FF) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 22	—	$0.36	—	—	$118.1M	—
Q2 22	—	-$0.07	—	—	$117.8M	—
Q1 22	—	-$0.28	—	—	$42.3M	—
Q4 21	—	$0.51	—	—	$107.1M	—
Q3 21	—	$0.21	—	—	$98.7M	—
Q2 21	—	$0.08	—	—	$74.1M	—
Q1 21	—	-$0.2	—	—	$41.5M	—
Q4 20	—	$0.13	—	—	$49.9M	—
Q3 20	—	$0.16	—	—	$54.1M	—
Q2 20	—	$0.35	—	—	$47.4M	—
Q1 20	—	$0.44	—	—	$53.1M	—
Q4 19	—	$1.65	—	—	$20.2M	—
Q3 19	—	$0.15	—	—	$65.7M	—
Q2 19	—	$0.08	—	—	$70.9M	—
Q1 19	—	$0.13	—	—	$48.5M	—
Q4 18	—	$0.04	—	—	$65.5M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$1.13	—	—	$95.7M	—
FY24	—	$0.35	—	—	$243.3M	—
FY23	—	$0.85	—	—	$368.3M	—
FY22	—	$0.35	—	—	$396M	—
FY21

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$253.2M	$275M	$291M	$205.2M	$204.5M	$321.4M	$396M	$368.3M	$243.3M	$95.7M
YoY change	-15.5%	+8.62%	+5.81%	-29.5%	-0.35%	+57.2%	+23.2%	-7.01%	-33.9%	-60.7%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	253.2M	275M	291M	205.2M	204.5M	321.4M	396M	368.3M	243.3M	95.7M
Cost of revenue	206.3M	254.8M	217.6M	131.1M	173.2M	297.8M	367M	327.3M	223.7M	135.2M
Gross profit	46.9M	20.3M	73.4M	74.1M	31.3M	23.5M	29M	41M	19.6M	-39.4M
Gross margin	18.5%	7.37%	25.2%	36.1%	15.3%	7.32%	7.32%	11.1%	8.07%	-41.2%
Research & development	2.7M	3.7M	3.5M	3.2M	3M	3.5M	3.4M	4.4M	4M	3.9M
Selling, general & administrative	7.6M	6.7M	6.4M	5.6M	6M	7.2M	8M	9.2M	9.3M	9.7M
Operating expenses	13M	12.9M	12.6M	8.8M	9M	10.6M	11.4M	13.6M	13.3M	13.6M
Operating income	36.5M	9.9M	63.4M	65.3M	22.3M	12.9M	17.5M	27.4M	6.4M	-53M
Operating margin	14.4%	3.59%	21.8%	31.8%	10.9%	4.01%	4.43%	7.43%	2.62%	-55.3%
Non-operating income, net	-1.7M	-875K	-12.3M	4.6M	3.9M	44K	-8.6M	576K	2.4M	—
Pretax income	40.8M	16.6M	60.2M	79.8M	31.8M	15.9M	13.7M	37.4M	16.3M	-49.2M
Income tax	-15.5M	-6.9M	7M	-8.4M	-14.8M	-10.3M	-1.5M	1K	792K	165K
Net income	56.3M	23.5M	53.2M	88.2M	46.6M	26.3M	15.2M	37.4M	15.5M	-49.4M
Net margin	22.3%	8.55%	18.3%	43%	22.8%	8.17%	3.84%	10.2%	6.37%	-51.6%
EBITDA	53.1M	29.2M	83.6M	87.4M	47.5M	26.6M	32.9M	47.3M	25.6M	-39.4M
EPS	1.29	0.54	1.22	2.02	1.06	0.6	0.35	0.85	0.35	-1.13
Diluted EPS	1.29	0.54	1.22	2.02	1.06	0.6	0.35	0.85	0.35	-1.13

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	116.8M	92M	58.3M	72.4M	51.1M	61.5M	17.5M	35.7M	22.7M	19.8M	32M	78.7M
Cost of revenue	112.9M	67.9M	53.3M	63.8M	50.8M	55.9M	32.1M	44.4M	29.5M	29.1M	47.8M	63.7M
Gross profit	3.9M	24.1M	5M	8.7M	383K	5.6M	-14.6M	-8.8M	-6.8M	-9.3M	-15.9M	15M
Gross margin	3.31%	26.2%	8.59%	12%	0.75%	9.1%	-83%	-24.6%	-30.1%	-46.7%	-49.6%	19.1%
Research & development	1.2M	1.2M	906K	916K	981K	1.2M	1.4M	933K	855K	687K	840K	692K
Selling, general & administrative	2.4M	2.5M	1.9M	2.3M	2.3M	2.8M	2.9M	2.2M	2M	2.5M	4.1M	3.1M
Operating expenses	3.6M	3.7M	2.8M	3.2M	3.3M	4M	4.3M	3.2M	2.9M	3.2M	5M	3.8M
Operating income	297K	20.4M	2.2M	5.5M	-2.9M	1.6M	-18.8M	-11.9M	-9.7M	-12.5M	-20.8M	11.3M
Operating margin	0.25%	22.2%	3.77%	7.53%	-5.65%	2.62%	-107.4%	-33.4%	-42.9%	-62.9%	-65.2%	14.3%
Non-operating income, net	—	1K	-1K	2.6M	-105K	-128K	—	505K	-505K	—	—	9K
Pretax income	2.8M	23.4M	5M	9.6M	-1.2M	3M	-17.6M	-10.4M	-9.4M	-11.9M	-20.6M	11.4M
Income tax	12K	-33K	632K	6K	-3K	157K	6K	35K	-27K	151K	8K	69K
Net income	2.8M	23.4M	4.3M	9.6M	-1.2M	2.8M	-17.6M	-10.4M	-9.3M	-12M	-20.6M	11.4M
Net margin	2.38%	25.4%	7.43%	13.2%	-2.34%	4.55%	-100.6%	-29.2%	-41.1%	-60.5%	-64.4%	14.4%
EBITDA	5.4M	26M	7.6M	11.8M	1M	5.3M	-15.3M	-7.9M	-6.8M	-9.4M	-18M	14.2M
EPS	0.06	—	0.1	0.22	-0.03	0.06	-0.4	-0.24	-0.21	-0.27	-0.47	0.25
Diluted EPS	0.06	—	0.1	0.22	-0.03	0.06	-0.4	-0.24	-0.21	-0.27	-0.47	0.25

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	605.2M	613.5M	690.6M	542M	555.5M	334.3M	355.8M	266.1M	231.5M	139.9M	222.8M
Enterprise value	299.8M	378.2M	395.7M	225.6M	293.5M	150.2M	143.7M	47M	122M	88.6M	190.5M
Shares outstanding	43.5M	43.5M	43.5M	43.7M	43.7M	43.8M	43.8M	43.8M	43.8M	43.9M	43.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	10.7	26.1	13	6.15	11.9	12.7	23.4	7.12	14.9	—	12.3
P/S	2.39	2.23	2.37	2.64	2.72	1.04	0.9	0.72	0.95	1.46	1.47
P/B	1.82	1.74	1.77	1.16	1.49	1.16	1.26	0.86	1.12	0.9	1.47
EV/EBITDA	5.64	13	4.73	2.58	6.19	5.65	4.37	0.99	4.76	-2.25	-11
EV/Sales	1.18	1.38	1.36	1.1	1.44	0.47	0.36	0.13	0.5	0.93	1.24
Earnings yield	9.31%	3.83%	7.7%	16.3%	8.38%	7.85%	4.28%	14%	6.7%	—	8.14%
FCF yield	14.3%	5.83%	11.7%	5.1%	16.5%	12.8%	13.4%	5.74%	4.38%	-32.9%	-34.9%
PEG	—	—	—	—	—	—	—	—	—	—	-0.06

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	18.5%	7.37%	25.2%	36.1%	15.3%	7.32%	7.32%	11.1%	8.07%	-41.2%	19.1%
Operating margin	14.4%	3.59%	21.8%	31.8%	10.9%	4.01%	4.43%	7.43%	2.62%	-55.3%	14.3%
Net margin	22.3%	8.55%	18.3%	43%	22.8%	8.17%	3.84%	10.2%	6.37%	-51.6%	-17.2%
ROE	16.9%	6.69%	13.7%	18.9%	12.5%	9.09%	5.37%	12.1%	7.53%	-31.9%	-15.9%
ROA	10.6%	5.52%	11.3%	15%	10.6%	7.62%	4.27%	10.2%	6.26%	-25.7%	-7.95%
ROIC	133.3%	8.5%	59.5%	43.3%	20.3%	12.3%	24.8%	30.1%	6.3%	-51.3%	-26.8%
Return on tangible assets	10.7%	5.56%	11.4%	15.1%	10.6%	7.62%	4.27%	10.2%	6.26%	-25.7%	-14.2%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.81	8.8	9.18	5.81	10.4	7.3	4.88	7.03	4.95	5.67	4.06
Quick ratio	2.45	7.56	8.18	5.36	9.36	6.53	4.4	6.23	4.33	3.94	2.3
Debt / equity	—	—	—	0	0	0	0	0	—	—	0
Debt / assets	—	—	—	0	0	0	0	0	—	—	0
Net debt / EBITDA	—	—	—	-3.62	-5.52	-6.92	-6.45	-4.63	—	—	1.72
Interest coverage	236.9	97.8	348.8	462.2	211.5	122.6	108.3	271.9	119.1	-320.8	-137.3
Effective tax rate	0%	0%	11.7%	0%	0%	0%	0%	0%	4.86%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	5.81	6.32	6.68	4.69	4.68	7.34	9.05	8.41	5.56	2.18	3.48
EPS (basic)	1.29	0.54	1.22	2.02	1.06	0.6	0.35	0.85	0.35	-1.13	-1.13
EPS (diluted)	1.29	0.54	1.22	2.02	1.06	0.6	0.35	0.85	0.35	-1.13	-0.6
Book value per share	7.64	8.07	8.94	10.7	8.5	6.6	6.47	7.08	4.7	3.53	3.49
FCF per share	1.99	0.82	1.85	0.63	2.1	0.97	1.09	0.35	0.23	-1.05	-1.16
Cash per share	7.01	5.4	6.77	7.25	6	4.22	4.86	5.01	2.5	1.17	0.78
Capex per share	0	0	0	0	0	0	0	0	0	0.39	0.48

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0%	0%	0.01%	0.01%	0.02%	0%	0.02%	0%	0%	18%	13.8%
Capex / operating cash flow	0%	0.01%	0.03%	0.03%	0.05%	0%	0.13%	0%	0.04%	-60%	-71%
Payout ratio	18.6%	470.8%	19.7%	11.9%	304.4%	456.7%	69%	28.1%	773.5%	-21.3%	68.6%
Dividend yield	1.73%	18%	1.52%	1.94%	25.5%	35.9%	2.95%	3.95%	51.8%	7.51%	0.79%

Yield

0.79%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.01

ex-dividend Sep 4, 2026

Payout ratio

69%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 4, 2026	$0.01
Jun 4, 2026	$0.01
Mar 4, 2026	$0.06

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$116.8M	$92M	$58.3M	$72.4M	$51.1M	$61.5M	$17.5M	$35.7M	$22.7M	$19.8M	$32M	$78.7M
YoY change	-1.18%	-21.9%	-21.4%	-15.1%	-56.2%	-33.1%	-69.9%	-50.7%	-55.6%	-67.7%	+82.2%	+120.7%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	305.4M	235.3M	294.9M	317M	262.5M	184.7M	212.8M	219.4M	109.5M	51.3M
Receivables	19.2M	22.1M	18.1M	114.9M	22.8M	29.4M	17.2M	17M	15.2M	9.4M
Inventory	52.1M	43.8M	39.3M	37.6M	33.9M	26.9M	26.8M	33M	20.6M	30.6M
Total current assets	405.3M	310.4M	362.3M	480.9M	342.6M	255.8M	273.8M	290.5M	164.8M	100.5M
Property, plant & equipment	92M	83.1M	76.6M	71.4M	64.4M	55.7M	49.7M	45.5M	49.5M	58M
Goodwill & intangibles	2.8M	2.8M	2.8M	2.8M	2.8M	0	—	—	—	—
Total assets	529M	425.6M	471.2M	586.5M	441.3M	344.3M	356M	367.1M	247.7M	192.2M
Accounts payable	24.1M	19.6M	21.7M	62.6M	12.3M	21.9M	35.5M	21.3M	9.7M	10.7M
Short-term debt	—	—	—	537K	491K	644K	630K	389K	—	—
Total current liabilities	144M	35.3M	39.5M	82.8M	33M	35.1M	56.1M	41.3M	33.3M	17.7M
Long-term debt	—	—	—	—	—	—	—	—	—	—
Total liabilities	196.2M	74M	82.1M	119.4M	69.4M	55.4M	73M	57.2M	41.9M	37.5M
Shareholders' equity	332.8M	351.6M	389.1M	467.1M	371.9M	288.9M	283M	309.9M	205.8M	154.7M
Total debt	—	—	—	537K	491K	644K	630K	389K	—	—
Net debt	—	—	—	-242.8M	-197.6M	-136.9M	-175M	-219.1M	—	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	—	85.6M	51.3M	22.4M	34.4M
Receivables	—	—	—	—	—	—	—	—	7.9M	9.4M	13.3M	20.1M
Inventory	—	—	—	—	—	—	—	—	6.1M	30.6M	40.5M	50.4M
Total current assets	—	—	—	—	—	—	—	—	112.8M	100.5M	84.1M	116.3M
Property, plant & equipment	—	—	—	—	—	—	—	—	—	58M	—	—
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	—	—	—	—	—	—	—	—	203.5M	192.2M	179M	215M
Accounts payable	—	—	—	—	—	—	—	—	7.6M	10.7M	11.9M	23.4M
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	61K
Total current liabilities	—	—	—	—	—	—	—	—	25.3M	17.7M	17.6M	28.6M
Long-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total liabilities	—	—	—	—	—	—	—	—	34.4M	37.5M	37.1M	62M
Shareholders' equity	—	—	—	—	—	—	—	—	169.1M	154.7M	141.9M	153.1M
Total debt	—	—	—	—	—	—	—	—	—	—	—	61K
Net debt	—	—	—	—	—	—	—	—	—	—	—	-34.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	56.3M	23.5M	53.2M	88.2M	46.6M	26.3M	15.2M	37.4M	15.5M	-49.4M
Depreciation & amortization	10.8M	11.6M	11.2M	12.1M	11.2M	10.5M	10.5M	10.3M	9.2M	9.7M
Stock-based compensation	1.9M	998K	357K	21K	49K	0	46K	0	359K	1M
Change in working capital	22.4M	13.7M	11.9M	-57M	36.7M	14.5M	21.2M	-22.8M	-10.1M	18.6M
Operating cash flow	86.3M	36.3M	75.5M	38.3M	94M	40.8M	45.2M	25.1M	15.9M	-28.7M
Capital expenditure	0	4K	22K	13K	50K	0	61K	0	6K	-17.2M
Investing cash flow	-30.7M	-9.6M	32M	11.2M	4.9M	16.4M	949K	39M	-126K	-18.6M
Dividends paid	-10.5M	-110.7M	-10.5M	-10.5M	-141.7M	-119.9M	-10.5M	-10.5M	-119.9M	-10.5M
Share repurchases	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-10.5M	-110.8M	-10.7M	-10.5M	-142.1M	-119.7M	-10.5M	-10.5M	-119.9M	-10.9M
Net change in cash	45.1M	-84.1M	96.8M	39M	-43.1M	-62.5M	35.7M	53.6M	-104.1M	-58.3M
Free cash flow	86.5M	35.8M	80.7M	27.7M	91.9M	42.6M	47.7M	15.3M	10.1M	-46M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	2.8M	23.4M	4.3M	9.6M	-1.2M	2.8M	-17.6M	-10M	-5.1M	-12M	-20.6M	11.4M
Depreciation & amortization	2.6M	2.6M	2.6M	2.1M	2.2M	2.3M	2.3M	2.4M	2.4M	2.5M	2.6M	2.8M
Stock-based compensation	-2.5M	0	22K	0	91K	246K	226K	236K	226K	320K	305K	224K
Change in working capital	36.7M	4.5M	-25.6M	11.3M	24M	-19.8M	4.8M	11.9M	1.2M	-4.3M	-6.8M	6.4M
Operating cash flow	39.5M	30.6M	-18M	23M	25.1M	-14.2M	-10.3M	5.2M	-1.1M	-27.4M	-20M	18.8M
Capital expenditure	0	0	—	—	6K	0	31K	-5.5M	-5.3M	-2.4M	-5.4M	-8M
Investing cash flow	-6.1M	-3M	-1.2M	1.2M	471K	-555K	-79K	-4.5M	-5.8M	-4.2M	-6.3M	-6.3M
Dividends paid	-2.6M	-2.6M	-2.6M	-112M	-2.6M	-2.6M	-2.6M	-2.6M	-2.6M	-2.6M	-2.6M	-439K
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-2.6M	-2.6M	-2.6M	-112M	-2.6M	-2.6M	-3M	-2.6M	-2.6M	-2.6M	-2.6M	-439K
Net change in cash	30.8M	24.9M	-21.8M	-87.8M	23M	-17.4M	-13.4M	-1.9M	-9.6M	-34.2M	-28.9M	12M
Free cash flow	48M	20.5M	-14.5M	24.8M	20.5M	-20.7M	-9.4M	-263K	-6.5M	-29.9M	-25.4M	10.8M

FutureFuel Corp. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement