Futurefuel (FF) AI Stock Analysis

• Market Cap: $138.61M
• Dividend Yield: 7.12%
• Average Volume (3M): 484.21K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.32
• Revenue Growth: -49.82%
• EPS Growth: -195.74%
• Country: US
• Employees: 537
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals
• EPS (TTM): -0.27
• Shares Outstanding: 43,863,506
• 10 Day Avg. Volume: 642,561
• 30 Day Avg. Volume: 484,211
• PEG Ratio: <0.01
• Price to Book (P/B): 0.90
• Price to Sales (P/S): 1.46
• P/FCF Ratio: -3.04
• Enterprise Value/Market Cap: 0.63
• Enterprise Value/Revenue: 0.91
• Enterprise Value/Gross Profit: 1.82K
• Enterprise Value/Ebitda: -1.96
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: $3.50 ▲(6.06% Upside)
• Action: Reiterated Date: 03/19/26
• Date: Action: Reiterated 03/19/26

The score is held down primarily by the severe recent financial downturn (sharp revenue drop, large losses, and negative cash flow) and a bearish technical setup (price below key moving averages). A debt-light balance sheet and high dividend yield provide some offset, but valuation clarity is limited by the unavailable P/E signal.

Positive Factors

Diversified business model (chemicals + biofuels)

Operating across specialty chemicals and biofuels provides multiple durable revenue streams and reduces reliance on any single end market. This structural diversification helps stabilize cash generation and demand exposure over the coming months as one segment can partially offset weakness in the other.

Custom manufacturing and processing services

Providing custom-manufacturing and toll-processing services builds sticky customer relationships and contractual revenue, supporting better utilization and potentially higher margins than commodity producers. These capabilities are a durable operational moat that supports recovery when market volumes rebound.

Conservative leverage / effectively no debt

Effectively no debt materially lowers refinancing and interest-rate risk and preserves financial flexibility. Over the next several months this reduces solvency pressure, allows management to prioritize operational fixes or targeted investments without immediate liquidity strain, and limits bankruptcy risk.

Negative Factors

Sharp revenue decline and large net loss

A ~30% revenue drop combined with a -52% net margin signals severe demand, pricing, or mix issues that have materially impaired core profitability. Such a structural deterioration weakens operational resilience and can take multiple quarters to reverse absent sustained demand improvement or meaningful cost restructuring.

Negative operating and free cash flow

Negative operating and free cash flow means the company is consuming cash to fund operations and capex. Over a multi-month horizon this limits reinvestment capacity, strains working capital, and forces reliance on reserves or external financing, raising execution and liquidity risk if losses continue.

Earnings volatility and equity erosion

Meaningful equity erosion and extreme negative revenue/EPS growth reflect high earnings volatility and capital base weakening. This reduces the buffer to absorb future losses, limits strategic flexibility, and increases the cost of recovery, making sustained operational improvement more challenging over the medium term.

Futurefuel Business Overview & Revenue Model

Company Description

FutureFuel Corp., through its subsidiary, FutureFuel Chemical Company, manufactures and sells diversified chemical, bio-based fuel, and bio-based specialty chemical products in the United States. The company operates through two segments, Chemicals and Biofuels. The Chemicals segment provides various custom chemicals that are used in the agricultural chemical, coatings, chemical intermediates, industrial and consumer cleaning, oil and gas, and specialty polymers industries; and performance chemicals, such as polymer modifiers, glycerin products, and various specialty chemicals and solvents. The Biofuels segment is involved in the production and sale of biodiesel and petrodiesel blends; and the buying, sale, and shipping of refined petroleum products on common carrier pipelines. This segment markets its biodiesel products directly to customers through trucks, rail, and barges. FutureFuel Corp. is headquartered in Saint Louis, Missouri.

How the Company Makes Money

FutureFuel makes money primarily through two operating segments. (1) Specialty Chemicals: The company generates revenue by manufacturing and selling specialty chemical products, including custom-manufactured chemicals produced to customer specifications as well as proprietary/performance chemical products. Revenue is earned from product sales and, where applicable, manufacturing/processing services performed for customers under contractual arrangements (e.g., producing intermediates or finished chemical products for third parties). Profitability in this segment is driven by volumes sold, product mix (higher-margin performance chemicals vs. lower-margin custom work), raw material and energy input costs, and the company’s ability to utilize its manufacturing assets efficiently. (2) Biofuels: The company generates revenue from the sale of biodiesel and related fuel products. Earnings in this segment are influenced by biodiesel selling prices, feedstock costs (such as vegetable oils or other lipid-based inputs), production volumes, and regulatory programs and incentives that affect biodiesel economics. Material factors contributing to biofuels results include market demand for biodiesel blends, the value of environmental credits/incentives where applicable, and fluctuations in commodity inputs and fuel prices. Specific partnerships or customer concentration details: null.

Futurefuel Financial Statement Overview

Summary

Recent fundamentals deteriorated sharply: revenue fell ~30% and the company swung to a large net loss (about -52% net margin) with negative operating results. Cash generation also turned negative, though the balance sheet remains a key stabilizer with effectively no debt despite equity erosion from losses.

Income Statement

FF’s profitability profile deteriorated sharply. Revenue fell materially in the latest annual period (down ~30%), and the company swung from solid profitability in 2024 (about 6% net margin) to a large net loss in 2025 (about -52% net margin) with deeply negative operating results. While 2020–2024 shows the business can generate profits in better conditions, the most recent results reflect significant margin compression and earnings volatility.

Balance Sheet

The balance sheet is conservatively positioned from a leverage standpoint, with effectively no debt and therefore limited financial risk from refinancing or interest burden. However, equity declined meaningfully alongside the 2025 loss (return on equity turned sharply negative), which weakens the capital base and highlights earnings sensitivity. Overall: low leverage is a key strength, but profitability-driven equity erosion is a clear concern.

Cash Flow

Cash generation weakened materially in 2025, with operating cash flow turning negative and free cash flow also deeply negative, indicating the business consumed cash rather than generating it. In the prior years (2020–2024), cash flow was consistently positive, but the latest period shows a clear break in that pattern and raises questions around near-term cash sustainability if losses persist.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	95.74M	243.34M	368.25M	396.01M	321.39M
Gross Profit	-40.69M	19.64M	40.98M	28.99M	23.54M
EBITDA	-44.60M	25.64M	47.87M	24.32M	26.51M
Net Income	-49.40M	15.50M	37.38M	15.21M	26.25M
Balance Sheet
Total Assets	211.73M	247.69M	367.08M	355.97M	344.33M
Cash, Cash Equivalents and Short-Term Investments	51.32M	109.54M	219.44M	212.77M	184.71M
Total Debt	0.00	0.00	389.00K	630.00K	644.00K
Total Liabilities	37.53M	41.87M	57.20M	72.97M	55.40M
Stockholders Equity	154.71M	205.82M	309.88M	283.00M	288.93M
Cash Flow
Free Cash Flow	-45.98M	10.13M	15.28M	47.76M	42.63M
Operating Cash Flow	-28.73M	24.80M	21.30M	52.54M	44.08M
Investing Cash Flow	-18.60M	-14.79M	33.02M	-3.83M	14.99M
Financing Cash Flow	-10.89M	-119.91M	-10.52M	-10.50M	-119.68M

Futurefuel Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FF, the sentiment is Negative. The current price of 3.3 is below the 20-day moving average (MA) of 4.19, below the 50-day MA of 3.76, and below the 200-day MA of 3.68, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 28.85 is Positive, neither overbought nor oversold. The STOCH value of 5.21 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FF.

Futurefuel Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LXU	67 Neutral	$1.05B	25.00	-0.13%	―	12.49%	95.48%
ASIX	64 Neutral	$544.18M	9.44	6.06%	3.81%	-5.05%	35.01%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
RYAM	52 Neutral	$696.86M	-0.94	-99.73%	―	-9.75%	-386.63%
TROX	51 Neutral	$1.11B	-1.41	-29.85%	8.27%	-7.81%	-334.15%
FF	46 Neutral	$138.61M	-2.83	-28.62%	7.12%	-49.82%	-195.74%
ORGN	40 Underperform	$14.85M	-1.18	-21.95%	―	-28.47%	16.83%

Futurefuel Corporate Events

FutureFuel Schedules Release of 2025 Year-End Results

On February 25, 2026, FutureFuel Corp. announced it plans to release its year-end 2025 financial results after the market close on Monday, March 16, 2026. The timing of the disclosure signals an upcoming update on the company’s financial performance in its chemicals and biofuels businesses, information that will be closely watched by investors and industry stakeholders evaluating its market position.

The most recent analyst rating on (FF) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Futurefuel stock, see the FF Stock Forecast page.