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FutureFuel Corp., together with its subsidiaries, manufactures and sells diversified inorganic chemicals, bio-based fuel, and bio-based specialty chemical products in the United States. It operates through two segments: Chemicals and Biofuels. The Chemicals segment includes custom chemicals that are used in coatings, chemical intermediates, industrial and consumer cleaning, oil and gas, and specialty chemicals for specific customers under long-term contracts; and performance chemicals, which are multi-customer specialty products such as polymer modifiers, specialty solvents, surfactants, and glycerin products. The Biofuels segment is involved in the production and sale of biodiesel and petrodiesel blends; markets its biodiesel products directly to customers through trucks, barges, and rail cars; and biodiesel using a variety of feedstocks, including soy oil, poultry fat, used cooking oil, and tallow, and generates and sells byproducts such as glycerin and distillation residue. The company offers its chemical products to customers in markets including detergents, agrochemicals, automotive, oil and gas, coatings, nutrition, and polymer additives. The company serves the transportation, agriculture, heating, and energy sectors. FutureFuel Corp. is headquartered in Batesville, Arkansas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $96M | $-39M | $-49M | $-46M | -31.9% | -60.7% | -418.6% |
| 2024 | $243M | $26M | $16M | $10M | 7.5% | -33.9% | -58.5% |
| 2023 | $368M | $48M | $37M | $15M | 12.1% | -7.0% | 145.8% |
| 2022 | $396M | $24M | $15M | $48M | 5.4% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 396.01 | 368.25 | 243.34 | 95.74 |
| Cost Of Revenue | 367.02 | 327.27 | 223.69 | 135.17 |
| Gross Profit | 28.99 | 40.98 | 19.64 | -39.42 |
| Operating Expense | 11.45 | 13.61 | 13.27 | 13.56 |
| Operating Income | 17.55 | 27.37 | 6.37 | -52.99 |
| EBITDA | 24.32 | 47.87 | 25.64 | -39.42 |
| EBIT | 13.87 | 37.52 | 16.43 | -49.08 |
| Pretax Income | 13.74 | 37.38 | 16.30 | -49.23 |
| Tax Provision | -1.47 | 0 | 0.79 | 0.17 |
| Net Income | 15.21 | 37.38 | 15.50 | -49.40 |
| Net Income Common Stockholders | 15.21 | 37.38 | 15.50 | -49.40 |
| Total Expenses | 378.47 | 340.88 | 236.97 | 148.73 |
| Interest Expense | 0.13 | 0.14 | 0.14 | 0.15 |
| Interest Income | 4.87 | 9.58 | 7.66 | 3.91 |
| Research And Development | 3.42 | 4.40 | 3.99 | 3.87 |
| Selling General And Administration | 8.03 | 9.21 | 9.28 | 9.70 |
| Normalized EBITDA | 32.87 | 47.29 | 25.64 | -39.42 |
| Normalized Income | 21.96 | 36.81 | 15.50 | -49.40 |
| Basic EPS | 0.35 | 0.85 | 0.35 | 0 |
| Diluted EPS | 0.35 | 0.85 | 0.35 | 0 |
| Tax Effect Of Unusual Items | -1.79 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.21 | 0 | 0.05 | 0.21 |
| Total Unusual Items | -8.55 | 0.57 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | -8.55 | 0.57 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 15.21 | 37.38 | 15.50 | -49.40 |
| Reconciled Depreciation | 10.45 | 10.35 | 9.21 | 9.66 |
| Reconciled Cost Of Revenue | 367.02 | 327.27 | 223.69 | 135.17 |
| Net Interest Income | 4.74 | 9.44 | 7.52 | 3.76 |
| Net Income From Continuing And Discontinued Operation | 15.21 | 37.38 | 15.50 | -49.40 |
| Total Operating Income As Reported | 17.55 | 27.37 | 6.37 | -52.99 |
| Diluted Average Shares | 43.76 | 43.76 | 43.77 | 0 |
| Basic Average Shares | 43.76 | 43.76 | 43.77 | 0 |
| Diluted NI Availto Com Stockholders | 15.21 | 37.38 | 15.50 | -49.40 |
| Net Income Including Noncontrolling Interests | 15.21 | 37.38 | 15.50 | -49.40 |
| Net Income Continuous Operations | 15.21 | 37.38 | 15.50 | -49.40 |
| Other Income Expense | -8.55 | 0.58 | 2.40 | 0 |
| Other Non Operating Income Expenses | 0 | 0 | 2.40 | 0 |
| Gain On Sale Of Security | -8.55 | 0.57 | 0 | 0 |
| Net Non Operating Interest Income Expense | 4.74 | 9.44 | 7.52 | 3.76 |
| Interest Expense Non Operating | 0.13 | 0.14 | 0.14 | 0.15 |
| Interest Income Non Operating | 4.87 | 9.58 | 7.66 | 3.91 |
| General And Administrative Expense | 8.03 | 0 | 0 | 0 |
| Other Gand A | 4.49 | 0 | 0 | 0 |
| Salaries And Wages | 3.54 | 0 | 0 | 0 |
| Operating Revenue | 396.01 | 368.25 | 243.34 | 95.74 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| FutureFuel Corp.this co. | FF | $198M | - | 1.28 | -31.9% | -3.38 |
| U.S. Gold Corp. | USAU | $262M | - | 4.97 | -177.4% | -13.59 |
| Hudson Technologies, Inc. | HDSN | $256M | 16.43 | 1.04 | 6.8% | 7.85 |
| Core Molding Technologies, Inc. | CMT | $252M | 21.23 | 1.47 | 7.1% | 8.18 |
| Clearwater Paper Corporation | CLW | $208M | - |
| 0.25 |
| -2.3% |
| 5.43 |
| Montauk Renewables, Inc. | MNTK | $206M | 144.00 | 0.79 | 0.7% | 8.84 |
| Smith-Midland Corporation | SMID | $176M | 14.05 | 3.24 | 23.0% | 8.48 |
| Friedman Industries, Incorporated | FRD | $142M | 8.96 | 1.00 | 4.6% | 10.15 |
| Ascent Industries Co. | ACNT | $134M | - | 1.57 | 1.0% | -33.80 |
| Peer Median | - | 16.43 | 1.26 | 2.8% | 8.01 | |