Future Fuel Corporation (FF)

From the record

Future Fuel Corporation's filings since 2017 show 4 warning events of 3 kinds: a warning not to rely on past financial statements (8-K item 4.02, the latest 2024-05-10); an auditor change (8-K item 4.01, 2 times, the latest 2024-05-29); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2025-03-18) (its current reports).

From the record

Future Fuel Corporation's 10 filed years say what it did: revenue went from $253 million in fiscal 2016 to $96 million in fiscal 2025, down 10.2% a year; it rose in 4 of 9 years; the deepest fall was 76% from fiscal 2022 to fiscal 2025; net income was positive in 9 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Future Fuel Corporation's diluted share count grew about 0.1% a year, and dividends and buybacks returned about 100% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 2 purchases of their own stock on the open market in the year to 2026-09-30, buying about $91 thousand (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Future Fuel Corporation lost about 32 cents for every dollar of shareholders' money, and gross profitability: its products earned less than nothing, about minus 21 cents per dollar of everything the company owns. Leverage: it owed about 20 cents per dollar of assets, and net share issuance: its share count grew 0.2% over the year (the filed statements).

From the record

Future Fuel Corporation's standing among 20 graded names in its industry family: revenue of $96 million in fiscal 2025 ranks in the bottom 38% by size; a net margin of -51.6% ranks in the bottom 28%; revenue growth of -37.7% a year over the last 3 filed years ranks in the bottom 3% (its annual reports).

From the record

Future Fuel Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Polet, Roeland (Chief Executive Officer, as filed), filing under that title since 2024-09-03, 2.2 years (bottom 34% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 4.3 years (bottom 43%); 10 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (bottom 15%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Future Fuel Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $51 million against no long-term debt tagged leaves 26.7% of its assets as net cash, top 7% of its family; cash from operations less capital spending is -48% of revenue (bottom 18%); a gross margin of -41.2% (bottom 8%); research spending of 4% of revenue (bottom 46%) (its annual report).

From the record

Future Fuel Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew -37.7% a year over the last three filed years against -10.2% over all 10, slowing (bottom 3% of its family); the newest year grew -60.7% (bottom 3%); research spending grew 4.2% a year (top 35%); capital spending grew 53.4% a year (top 15%) (its annual reports). Future Fuel Corporation reported 2 lines of business in fiscal 2025: Chemicals at $60 million, Biofuels at $36 million. 0 of 2 grew in the latest filed year, and the largest line is 62% of revenue (its annual report).

From the record

Future Fuel Corporation's newest year against its own record: revenue of $96 million in fiscal 2025 came in 49.8% below the $191 million its prior three years' pace pointed to (bottom 8% of its family); net income of $49 million against a prior three-year average of $23 million (bottom 8%); a net margin of -51.6% against 6.8% before (bottom 13%) (its annual reports).