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Birchtech Corp.

BCHT Industrials Pollution & Treatment Controls

Birchtech Corp.’s revenue for fiscal 2025 (year ended December 2025) was $17.6 million, up 1.27% from fiscal 2024.

Revenue
+16.5%
EPS
−10.0%
Free cash flow
−68.0%
Total debt
+109.9%

Quarter to June 2026, against a year earlier

1.08 0.05 +4.85%
Market cap
$27.1M
P/E
0.0×
Fwd P/E
−4.4×
Dividend yield
—
F-score
5/9
Altman Z
−7.44
Beneish M
−3.46
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.75
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 1 — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 30.02%

Capital & Financial Ratios $m

Size
Market Cap 27.10
Revenue ttm 19.18
Net income ttm (4.17)
Free cash flow ttm (3.85)
Net debt Q (11.49)
Valuation
P/E 0.00
Forward P/E (4.35) (negative: loss-making)
Price / sales 1.44
Forward P/S Powerpack
Price / FCF 0.00
Price / book 3.39
Financial health
Current ratio Q 1.42
Debt / equity Q 0.04 (at or below 0.5: strong)
Interest coverage Q (96.54)
Growth
Revenue growth Q +16.50% (above 0%: growing)
Operating income growth Q −36.90% (below 0%: shrinking)
EPS, this year −62.50% (below 0%: weak)
EPS, next year A +100.00% (at or above 15%: strong)
Revenue, next year A −5.82% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.8×, against a ten-year median of 2.5×; over the ten years it ranged from 0.8× in 2026 to 13.1× in 2021.
P/S against its own 10 years 25.85%
10-year low 10-year high
EV/Sales against its own 10 years 0.22%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 21 3 2 12
Receivables 3 2 2 3
Inventory 1 1 0 0
Other — — — —
25 6 5 16
2023 2024 2025 Q'26
Payables 2 2 4 3
ST’ Debt 0 0 0 0
Other — 7 7 7
2 9 11 11

Compound Annual Growth %

10y 5y 3y
Sales 3.39% 16.66% (6.58%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% 0.00% 0.00%

EPS $

Mar Jun Sep Dec Year
’26 (0.06) (0.11) — — —
’25 (0.10) (0.08) 0.05 (0.03) (0.16)
’24 (0.15) (0.35) 0.00 (0.07) (0.55)
’23 (0.08) (0.05) (0.05) 0.45 0.30
’22 (0.05) (0.02) 0.03 (0.03) (0.10)
’21 (0.03) (0.10) (0.01) (0.07) (0.20)
’20 (0.10) (0.05) (0.07) (0.10) (0.35)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 4 4 — — —
’25 3 3 7 4 18
’24 3 3 5 6 17
’23 3 4 7 4 18
’22 3 5 7 6 22
’21 3 2 5 3 13
’20 1 2 3 2 8
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (2) (3) — — —
’25 0 (2) 0 1 (1)
’24 0 (3) 0 (1) (4)
’23 1 (1) 1 18 19
’22 (1) 0 1 0 0
’21 1 0 (1) 1 0
’20 (1) 0 0 0 (1)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (2) (3) — — —
’25 0 (2) 0 1 (1)
’24 0 (3) (1) (1) (5)
’23 1 (1) 1 18 19
’22 (1) 0 1 0 0
’21 1 0 (1) 1 0
’20 (1) 0 0 0 (1)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 32 27 12 11 8 13 22 18 17 18 19 (6.5%) 17 29 39 +30.4%
Gross margin, % 28.80 30.85 25.60 26.99 33.32 38.99 32.48 30.94 40.80 41.99 39.70 +13.2 pt
EBT (16) (2) (5) (6) (6) (4) (2) 6 (11) (3) (4) (17.2%)
EBT margin, % (49.74) (8.59) (38.99) (53.28) (71.28) (27.74) (7.23) 34.84 (63.72) (16.77) (21.42) +33.0 pt
Net income (16) (3) (5) (6) (6) (4) (2) 6 (11) (3) (4) (16.7%)
Per share, $
Per share, $ Revenue 3.19 1.83 0.81 0.75 0.52 0.77 1.20 0.94 0.91 0.91 0.73 (13.0%)
Earnings (1.60) (0.15) (0.30) (0.40) (0.35) (0.20) (0.10) 0.30 (0.55) (0.16) (0.15) (22.6%)
Cash flow 0.32 (0.03) (0.07) (0.10) (0.08) 0.01 0.00 1.02 (0.22) (0.04) (0.14) n/m
Capex (0.17) (0.22) (0.01) 0.00 0.00 0.00 0.00 0.00 (0.04) 0.00 (0.01) (40.7%)
Free cash flow 0.15 (0.25) (0.08) (0.10) (0.08) 0.01 0.00 1.02 (0.26) (0.04) (0.15) n/m
Book value (0.36) (0.29) (0.57) (0.58) (0.85) (0.60) (0.41) 0.00 0.06 (0.09) 0.31 (14.4%)
Shares, m 10 15 15 15 16 17 18 19 19 19 22 +7.4%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 17.77 0.00 0.00 0.00 1.8
P/S 2.11 0.71 1.49 1.27 6.07 3.84 1.11 5.18 2.79 4.11 1.44 2.9
P/B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,512.36 40.77 0.00 3.39 155.3
EV/Sales 2.29 0.99 2.58 2.22 7.79 3.76 1.50 4.64 3.25 4.00 0.84 3.3
EV/FCF 48.17 (21.25) (26.54) (16.21) (54.51) 206.26 394.81 4.26 (11.50) (96.75) (4.19) 42.7
Cash, $m
Cash, $m Operating cash flow 3 0 (1) (2) (1) 0 0 19 (4) (1) (4) n/m
Capex (2) (3) 0 0 0 0 0 — (1) 0 0 (36.3%)
Free cash flow 2 (4) (1) (2) (1) 0 0 19 (5) (1) (4) n/m
Balance, $m
Balance, $m Working capital 6 0 0 0 (1) (12) 2 23 (3) (6) 5 n/m
Net debt 6 8 14 11 14 (1) 9 (10) (3) (2) (11) n/m
Shareholders’ equity (4) (4) (9) (9) (13) (10) (7) 0 1 (2) 8 (8.1%)
Returns, %
Returns, % ROA (134.67) (20.79) (47.94) (70.44) (69.98) (46.84) (18.10) 30.11 (56.01) (31.04) (29.78) +103.6 pt
ROIC 59.97 0.22 (35.74) (118.87) (220.86) 0.00 50.05 0.00 0.00 0.00 0.00 (60.0) pt
ROE 188.13 71.84 73.84 69.70 52.77 30.99 17.91 (154.10) (1,725.16) 1,157.17 (134.41) +969.0 pt
People
People Employees 17 17 13 11 11 11 11 11 15 20 — +1.8%
Revenue/emp, $m 1.90 1.62 0.95 1.04 0.74 1.18 1.97 1.60 1.16 0.88 — (8.2%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Birchtech Corp. vs peers in Pollution & Treatment Controls (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ARQ Arq, Inc. $104.8M — (loss-making) — (loss-making) +8.94% (above 0%: growing) n/m +106.38% (above 0%: growing) 39.70% 8.18% Compare
SCWO 374Water Inc. $42.8M — (loss-making) — +280.17% (above 0%: growing) n/m +85.28% (above 0%: growing) 87.67% (71.70%) Compare
FTEK Fuel Tech, Inc. $41.5M — (loss-making) — (loss-making) +15.83% (above 0%: growing) n/m −159.84% (below 0%: shrinking) 45.01% (6.03%) Compare
BCHT Birchtech Corp. $27.1M — (loss-making) — (loss-making) +16.50% (above 0%: growing) n/m −68.00% (below 0%: shrinking) 27.24% (42.81%)
TOMZ TOMI Environmental Solutions, Inc. $17.8M — (loss-making) — (loss-making) +117.91% (above 0%: growing) n/m −531.53% (below 0%: shrinking) 61.65% (10.86%) Compare
CLIR ClearSign Technologies Corporation $15.7M — (loss-making) — (loss-making) +321.05% (above 0%: growing) n/m −137.48% (below 0%: shrinking) 40.71% (267.50%) Compare
LIQT LiqTech International, Inc. $9.9M — (loss-making) — (loss-making) −11.98% (below 0%: shrinking) n/m −99.23% (below 0%: shrinking) 8.38% (53.44%) Compare
CLWT Euro Tech Holdings Company Limited $8.8M 15.3× — −20.86% (below 0%: shrinking) n/m −164.72% (below 0%: shrinking) 18.83% 0.00% Compare
RAIN Rain Enhancement Technologies Holdco, Inc. $6.3M — (loss-making) — — n/m −19.67% (below 0%: shrinking) 0.00% 0.00% Compare
Median of peers $16.7M — — +15.83% — −118.35% 40.21% (8.44%)

All 16 Pollution & Treatment Controls stocks →

Pay and ownership Proxy statement filed 24 June 2026

Ownership

Directors and executive officers, together 16.35%
Richard MacPherson 11.94%
Alterna Core Capital Assets Fund II, L.P., et al 7.07%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Birchtech Corp. (BCHT) Latest News

29 Oct

Impact 3 · · GlobeNewswire

1 Oct

Impact 3 · · GlobeNewswire

22 Sep

Impact 3 · · GlobeNewswire

8 Sep

Impact 4 ·

14 Aug

Impact 4 ·

13 Aug

Impact 3 ·

12 Aug

Impact 4 ·

3 Jun

Impact 4 · · MT Newswires
Impact 4 · · GlobeNewswire

14 May

Impact 4 ·

13 May

Impact 4 · · Benzinga transcript
Impact 4 · · Benzinga transcript
Impact 4 · · MT Newswires
Impact 3 ·

5 May

Impact 3 · · GlobeNewswire

31 Mar

Impact 4 · · GlobeNewswire
Impact 3 · · GuruFocus.com
Impact 3 · · MT Newswires

30 Mar

Impact 4 · · MT Newswires
Impact 4 · · GlobeNewswire

3 Mar

Impact 3 · · GlobeNewswireMotley FoolGuruFocus.comMotley FoolMoby

26 Feb

Impact 4 · · MT Newswires
Impact 4 · · GlobeNewswire

5 Feb

Impact 4 · · GlobeNewswire

2 Feb

Impact 4 · · GlobeNewswire

21 Jan

Impact 4 · · GlobeNewswire
Impact 3 · · MT Newswires

23 Dec

Impact 4 · · GlobeNewswire

18 Dec

Impact 4 · · MT Newswires
Impact 4 · · GlobeNewswire
stockrow.com/BCHT · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com