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FutureFuel Corp. ( FutureFuel, the Company, we, us, or our, and includes our wholly-owned subsidiaries) is a Delaware corporation operating primarily through our subsidiary, FutureFuel Chemical Company. We manufacture a diverse portfolio of inorganic chemicals, bio-based specialty chemicals, and biofuels in our integrated facility in Batesville, Arkansas.
The business is unprofitable at the operating level (-55.35% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 60.7% YoY. Margins deteriorated 58.0pp alongside, both lines moving the wrong way.
Free cash flow declined 554% versus the prior year, cash generation momentum has weakened. ROIC dropped from 2.16% to -23.22%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$110M
▼ -60.7% YoY
Net Income (TTM)
-$52M
▼ -418.6% YoY
Op. Margin
-49.36%
▼ -58.0pp YoY
ROIC
-26.68%
▼ -25.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$62M
▼ -553.7% YoY
Op. Cash Flow (TTM)
-$43M
▼ -215.9% YoY
Net Debt
-$22M
Net Cash Position
Cash & Equiv.
$22M
5Y CAGR: -14.1%
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