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Side-by-side financial comparison of FUEL TECH, INC. (FTEK) and Laird Superfood, Inc. (LSF). Click either name above to swap in a different company.

Laird Superfood, Inc. is the larger business by last-quarter revenue ($13.3M vs $7.2M, roughly 1.8× FUEL TECH, INC.). On growth, FUEL TECH, INC. posted the faster year-over-year revenue change (37.2% vs 15.0%). Over the past eight quarters, FUEL TECH, INC.'s revenue compounded faster (20.9% CAGR vs 16.1%).

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

Laird Superfood, Inc. develops, manufactures and sells a portfolio of plant-based functional superfood products, including premium coffee creamers, hydration blends, nutritional supplements, and plant-powered snacks. It serves health-conscious consumers through direct-to-consumer e-commerce platforms and offline retail partners, mainly operating in the North American market with a focus on sustainably sourced clean ingredients.

FTEK vs LSF — Head-to-Head

Bigger by revenue
LSF
LSF
1.8× larger
LSF
$13.3M
$7.2M
FTEK
Growing faster (revenue YoY)
FTEK
FTEK
+22.2% gap
FTEK
37.2%
15.0%
LSF
Faster 2-yr revenue CAGR
FTEK
FTEK
Annualised
FTEK
20.9%
16.1%
LSF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FTEK
FTEK
LSF
LSF
Revenue
$7.2M
$13.3M
Net Profit
$-1.8M
Gross Margin
44.6%
34.1%
Operating Margin
-19.7%
-13.5%
Net Margin
-13.2%
Revenue YoY
37.2%
15.0%
Net Profit YoY
-341.4%
EPS (diluted)
$-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
FTEK
FTEK
LSF
LSF
Q4 25
$7.2M
$13.3M
Q3 25
$7.5M
$12.9M
Q2 25
$5.6M
$12.0M
Q1 25
$6.4M
$11.7M
Q4 24
$5.3M
$11.6M
Q3 24
$7.9M
$11.8M
Q2 24
$7.0M
$10.0M
Q1 24
$5.0M
$9.9M
Net Profit
FTEK
FTEK
LSF
LSF
Q4 25
$-1.8M
Q3 25
$303.0K
$-975.1K
Q2 25
$-689.0K
$-362.2K
Q1 25
$-739.0K
$-156.2K
Q4 24
$-398.4K
Q3 24
$80.0K
$-166.1K
Q2 24
$-421.0K
$-239.1K
Q1 24
$281.0K
$-1.0M
Gross Margin
FTEK
FTEK
LSF
LSF
Q4 25
44.6%
34.1%
Q3 25
48.9%
36.5%
Q2 25
45.5%
39.9%
Q1 25
46.4%
41.9%
Q4 24
42.3%
38.6%
Q3 24
43.4%
43.0%
Q2 24
41.9%
41.8%
Q1 24
40.9%
40.0%
Operating Margin
FTEK
FTEK
LSF
LSF
Q4 25
-19.7%
-13.5%
Q3 25
0.1%
-7.7%
Q2 25
-23.5%
-3.3%
Q1 25
-14.9%
-1.9%
Q4 24
-40.1%
-4.1%
Q3 24
-2.3%
-2.3%
Q2 24
-10.2%
-3.4%
Q1 24
-34.1%
-11.0%
Net Margin
FTEK
FTEK
LSF
LSF
Q4 25
-13.2%
Q3 25
4.0%
-7.6%
Q2 25
-12.4%
-3.0%
Q1 25
-11.6%
-1.3%
Q4 24
-3.4%
Q3 24
1.0%
-1.4%
Q2 24
-6.0%
-2.4%
Q1 24
5.7%
-10.3%
EPS (diluted)
FTEK
FTEK
LSF
LSF
Q4 25
$-0.05
Q3 25
$0.01
Q2 25
$-0.02
Q1 25
$-0.02
Q4 24
$-0.06
Q3 24
$0.00
Q2 24
$-0.01
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
FTEK
FTEK
LSF
LSF
Cash + ST InvestmentsLiquidity on hand
$24.9M
$5.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$39.9M
$11.5M
Total Assets
$47.2M
$19.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FTEK
FTEK
LSF
LSF
Q4 25
$24.9M
$5.1M
Q3 25
$25.9M
$5.1M
Q2 25
$23.0M
$3.9M
Q1 25
$21.8M
$7.0M
Q4 24
$18.7M
$8.3M
Q3 24
$20.4M
$7.9M
Q2 24
$20.1M
$7.6M
Q1 24
$23.3M
$7.1M
Stockholders' Equity
FTEK
FTEK
LSF
LSF
Q4 25
$39.9M
$11.5M
Q3 25
$41.0M
$12.8M
Q2 25
$40.7M
$13.4M
Q1 25
$41.4M
$13.3M
Q4 24
$42.0M
$13.2M
Q3 24
$43.9M
$13.1M
Q2 24
$43.6M
$12.6M
Q1 24
$44.0M
$12.7M
Total Assets
FTEK
FTEK
LSF
LSF
Q4 25
$47.2M
$19.2M
Q3 25
$47.9M
$18.9M
Q2 25
$47.0M
$20.4M
Q1 25
$46.7M
$21.5M
Q4 24
$48.8M
$19.3M
Q3 24
$50.1M
$18.8M
Q2 24
$49.0M
$18.0M
Q1 24
$49.4M
$17.6M

Cash Flow & Capital Efficiency

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

Metric
FTEK
FTEK
LSF
LSF
Operating Cash FlowLast quarter
$-1.6M
$68.4K
Free Cash FlowOCF − Capex
$-2.0M
FCF MarginFCF / Revenue
-27.7%
Capex IntensityCapex / Revenue
6.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FTEK
FTEK
LSF
LSF
Q4 25
$-1.6M
$68.4K
Q3 25
$3.1M
$1.2M
Q2 25
$-21.0K
$-2.8M
Q1 25
$1.5M
$-1.3M
Q4 24
$-1.6M
$339.2K
Q3 24
$879.0K
$305.8K
Q2 24
$-1.6M
$642.7K
Q1 24
$-1.1M
$-422.3K
Free Cash Flow
FTEK
FTEK
LSF
LSF
Q4 25
$-2.0M
Q3 25
$3.0M
Q2 25
$-57.0K
Q1 25
$1.4M
Q4 24
$-1.7M
Q3 24
$767.0K
Q2 24
$-1.7M
Q1 24
$-1.2M
FCF Margin
FTEK
FTEK
LSF
LSF
Q4 25
-27.7%
Q3 25
39.6%
Q2 25
-1.0%
Q1 25
22.6%
Q4 24
-32.4%
Q3 24
9.8%
Q2 24
-23.8%
Q1 24
-24.0%
Capex Intensity
FTEK
FTEK
LSF
LSF
Q4 25
6.1%
Q3 25
1.7%
Q2 25
0.6%
Q1 25
1.0%
Q4 24
1.2%
Q3 24
1.4%
Q2 24
1.3%
Q1 24
2.3%
Cash Conversion
FTEK
FTEK
LSF
LSF
Q4 25
Q3 25
10.22×
Q2 25
Q1 25
Q4 24
Q3 24
10.99×
Q2 24
Q1 24
-3.83×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FTEK
FTEK

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

LSF
LSF

Wholesale$7.0M52%
Coffee Tea And Hot Chocolate Products$4.4M33%
Hydration And Beverage Enhancing Supplements$1.6M12%
Other$352.6K3%

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