FutureFuel Corp. (FF) Stock

FutureFuel Corp. (FF) is a Materials stock trading at $5.55 (as of 2026-08-21), with a market capitalization of $243.44M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

FutureFuel Corp., through its subsidiary FutureFuel Chemical Company, manufactures and sells chemical and bio-based fuel and specialty chemical products in the United States. It operates in two segments: Chemicals (custom and performance chemicals for multiple industrial markets) and Biofuels (biodiesel and petrodiesel blends and related petroleum product logistics).

Understand FutureFuel Corp.: how it makes money

FutureFuel Corp. manufactures and sells diversified chemical products and bio-based fuels and specialty chemicals (through its FutureFuel Chemical Company subsidiary). It makes money by selling these products to customers across industries such as agriculture chemicals, coatings, cleaning, oil and gas, and specialty polymers.

The company appears to rely on turning chemicals capacity into sales, so profitability is closely tied to how efficiently its chemicals operations are utilized (supported here by the Chemicals Segment Plant Utilization metric) and whether that utilization translates into positive gross and operating margins.

Revenue by segment (latest quarter)
Chemicals	$0.0B
Biofuels	$0.0B

Business quality (Weak): Good clarity on business and reportable segments (Chemicals, Biofuels). The latest quarter profitability metrics are deeply negative in this dataset, and the dataset provides only a limited set of operating KPIs, so it is hard to pinpoint the specific drivers beyond utilization and segment scale.

Bull case

Two segment platforms: FutureFuel reports two operating segments, Chemicals and Biofuels, which gives it product exposure across both chemical and bio-based fuel/specialty chemical markets.
Trackable operating driver: The company discloses Chemicals Segment Plant Utilization (54.0 percent in the latest period), providing a measurable operational input that can affect how efficiently it turns capacity into revenue.

Bear case

Large negative profitability: In the latest period, gross margin is -49.6 percent and operating margin is -65.2 percent, indicating the business is not generating operating profit on its reported revenue base.
Small segment revenue base in the dataset: Segment revenues shown here are small (Chemicals 0.02 USD_B, Biofuels 0.01 USD_B), which can make results more sensitive to changes in utilization, pricing, or input costs.

Valuation — source: SEC EDGAR (first-party)
Price	$5.55
Market Cap	$243.44M
Price / Book	1.59
Price / Sales	1.47
FCF Yield	-33.5%
DCF Value (model)	$3.31
DCF Upside vs Price	-40.4%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$95.74M
Net Margin	-51.6%
Revenue Growth (YoY)	-60.7%
EPS Growth (YoY)	-422.9%
FCF Growth (YoY)	-553.7%

Financial Health — source: SEC EDGAR
Altman Z-Score	3.64 (safe)

Valuation vs Sector & Industry
Sector P/E (Materials)	25.9
Industry P/E (Chemicals)	31.1

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock Fund Advisors ($27.46M)
Institutional Holders Tracked	10

Company
Sector	Materials
Industry	Chemicals
CEO	Roeland H. Polet
Employees	537
Country	US
IPO Date	2011-03-23

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Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.