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Side-by-side financial comparison of FIRST CAPITAL INC (FCAP) and FUEL TECH, INC. (FTEK). Click either name above to swap in a different company.

FIRST CAPITAL INC is the larger business by last-quarter revenue ($13.5M vs $7.2M, roughly 1.9× FUEL TECH, INC.). On growth, FUEL TECH, INC. posted the faster year-over-year revenue change (37.2% vs 19.0%). FIRST CAPITAL INC produced more free cash flow last quarter ($19.9M vs $-2.0M). Over the past eight quarters, FUEL TECH, INC.'s revenue compounded faster (20.9% CAGR vs 13.4%).

Capital First Ltd, formerly known as Future Capital Holdings, was an Indian non-bank financial institution which provided debt financing. In December 2018, it was merged into IDFC Bank to form IDFC First Bank. The company was listed on the NSE and BSE prior to the merger.

Rocket Fuel was an ad technology company based in Redwood City, California. It was founded in 2008 by alumni of Yahoo!.

FCAP vs FTEK — Head-to-Head

Bigger by revenue
FCAP
FCAP
1.9× larger
FCAP
$13.5M
$7.2M
FTEK
Growing faster (revenue YoY)
FTEK
FTEK
+18.2% gap
FTEK
37.2%
19.0%
FCAP
More free cash flow
FCAP
FCAP
$21.9M more FCF
FCAP
$19.9M
$-2.0M
FTEK
Faster 2-yr revenue CAGR
FTEK
FTEK
Annualised
FTEK
20.9%
13.4%
FCAP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FCAP
FCAP
FTEK
FTEK
Revenue
$13.5M
$7.2M
Net Profit
$4.9M
Gross Margin
44.6%
Operating Margin
-19.7%
Net Margin
36.2%
Revenue YoY
19.0%
37.2%
Net Profit YoY
49.6%
EPS (diluted)
$1.45
$-0.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FCAP
FCAP
FTEK
FTEK
Q4 25
$13.5M
$7.2M
Q3 25
$13.3M
$7.5M
Q2 25
$12.4M
$5.6M
Q1 25
$11.4M
$6.4M
Q4 24
$11.3M
$5.3M
Q3 24
$10.9M
$7.9M
Q2 24
$10.7M
$7.0M
Q1 24
$10.5M
$5.0M
Net Profit
FCAP
FCAP
FTEK
FTEK
Q4 25
$4.9M
Q3 25
$4.5M
$303.0K
Q2 25
$3.8M
$-689.0K
Q1 25
$3.2M
$-739.0K
Q4 24
$3.3M
Q3 24
$2.9M
$80.0K
Q2 24
$2.8M
$-421.0K
Q1 24
$3.0M
$281.0K
Gross Margin
FCAP
FCAP
FTEK
FTEK
Q4 25
44.6%
Q3 25
48.9%
Q2 25
45.5%
Q1 25
46.4%
Q4 24
42.3%
Q3 24
43.4%
Q2 24
41.9%
Q1 24
40.9%
Operating Margin
FCAP
FCAP
FTEK
FTEK
Q4 25
-19.7%
Q3 25
41.8%
0.1%
Q2 25
37.2%
-23.5%
Q1 25
34.2%
-14.9%
Q4 24
34.8%
-40.1%
Q3 24
31.5%
-2.3%
Q2 24
31.1%
-10.2%
Q1 24
33.0%
-34.1%
Net Margin
FCAP
FCAP
FTEK
FTEK
Q4 25
36.2%
Q3 25
33.8%
4.0%
Q2 25
30.4%
-12.4%
Q1 25
28.3%
-11.6%
Q4 24
28.8%
Q3 24
26.5%
1.0%
Q2 24
26.5%
-6.0%
Q1 24
28.1%
5.7%
EPS (diluted)
FCAP
FCAP
FTEK
FTEK
Q4 25
$1.45
$-0.05
Q3 25
$1.34
$0.01
Q2 25
$1.13
$-0.02
Q1 25
$0.97
$-0.02
Q4 24
$0.97
$-0.06
Q3 24
$0.87
$0.00
Q2 24
$0.85
$-0.01
Q1 24
$0.88
$0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FCAP
FCAP
FTEK
FTEK
Cash + ST InvestmentsLiquidity on hand
$24.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$137.8M
$39.9M
Total Assets
$1.3B
$47.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCAP
FCAP
FTEK
FTEK
Q4 25
$24.9M
Q3 25
$25.9M
Q2 25
$23.0M
Q1 25
$21.8M
Q4 24
$18.7M
Q3 24
$20.4M
Q2 24
$20.1M
Q1 24
$23.3M
Stockholders' Equity
FCAP
FCAP
FTEK
FTEK
Q4 25
$137.8M
$39.9M
Q3 25
$132.4M
$41.0M
Q2 25
$123.2M
$40.7M
Q1 25
$120.1M
$41.4M
Q4 24
$114.6M
$42.0M
Q3 24
$116.8M
$43.9M
Q2 24
$107.8M
$43.6M
Q1 24
$105.7M
$44.0M
Total Assets
FCAP
FCAP
FTEK
FTEK
Q4 25
$1.3B
$47.2M
Q3 25
$1.2B
$47.9M
Q2 25
$1.2B
$47.0M
Q1 25
$1.2B
$46.7M
Q4 24
$1.2B
$48.8M
Q3 24
$1.2B
$50.1M
Q2 24
$1.2B
$49.0M
Q1 24
$1.2B
$49.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FCAP
FCAP
FTEK
FTEK
Operating Cash FlowLast quarter
$21.3M
$-1.6M
Free Cash FlowOCF − Capex
$19.9M
$-2.0M
FCF MarginFCF / Revenue
147.7%
-27.7%
Capex IntensityCapex / Revenue
10.0%
6.1%
Cash ConversionOCF / Net Profit
4.36×
TTM Free Cash FlowTrailing 4 quarters
$35.3M
$2.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCAP
FCAP
FTEK
FTEK
Q4 25
$21.3M
$-1.6M
Q3 25
$7.9M
$3.1M
Q2 25
$3.7M
$-21.0K
Q1 25
$4.4M
$1.5M
Q4 24
$22.3M
$-1.6M
Q3 24
$7.6M
$879.0K
Q2 24
$3.5M
$-1.6M
Q1 24
$7.2M
$-1.1M
Free Cash Flow
FCAP
FCAP
FTEK
FTEK
Q4 25
$19.9M
$-2.0M
Q3 25
$7.8M
$3.0M
Q2 25
$3.5M
$-57.0K
Q1 25
$4.2M
$1.4M
Q4 24
$21.6M
$-1.7M
Q3 24
$7.5M
$767.0K
Q2 24
$3.3M
$-1.7M
Q1 24
$7.1M
$-1.2M
FCF Margin
FCAP
FCAP
FTEK
FTEK
Q4 25
147.7%
-27.7%
Q3 25
58.6%
39.6%
Q2 25
27.8%
-1.0%
Q1 25
36.5%
22.6%
Q4 24
190.7%
-32.4%
Q3 24
68.6%
9.8%
Q2 24
31.2%
-23.8%
Q1 24
67.2%
-24.0%
Capex Intensity
FCAP
FCAP
FTEK
FTEK
Q4 25
10.0%
6.1%
Q3 25
1.2%
1.7%
Q2 25
2.2%
0.6%
Q1 25
1.9%
1.0%
Q4 24
6.3%
1.2%
Q3 24
0.8%
1.4%
Q2 24
1.4%
1.3%
Q1 24
1.5%
2.3%
Cash Conversion
FCAP
FCAP
FTEK
FTEK
Q4 25
4.36×
Q3 25
1.77×
10.22×
Q2 25
0.99×
Q1 25
1.36×
Q4 24
6.84×
Q3 24
2.62×
10.99×
Q2 24
1.23×
Q1 24
2.45×
-3.83×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FCAP
FCAP

Segment breakdown not available.

FTEK
FTEK

Transferred At Point In Time$5.3M73%
Other$2.0M27%

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