Birchtech Corp. (BCHT) vs Fuel Tech, Inc. (FTEK)

Birchtech Corp. and Fuel Tech, Inc. are both Pollution & Treatment Controls companies. Fuel Tech, Inc. is the larger, with a market value of $53.5M against $42.6M — 1.3× the size. Birchtech Corp. grew revenue faster over the last twelve months: 11.0% against 8.89%. Fuel Tech, Inc. has the higher net margin (−12.8% vs −21.7%) and the lower return on invested capital (−16.1% vs 0.00%). Across the 18 metrics below, Fuel Tech, Inc. leads on 13 and Birchtech Corp. on 5.

Valuation

Metric BCHT FTEK Pollution & Treatment Controls median
P/E n/m n/m —
P/S 2.21 1.96 3.64
P/B 5.20 1.44 2.08
Price to free cash flow n/m n/m —
EV/EBITDA n/m n/m 17.68
EV/Sales 1.61 1.27 4.26
Earnings yield (9.32%) (6.40%) (18.01%)
Free cash flow yield (9.09%) (2.21%) (5.86%)

Profitability

Metric BCHT FTEK Pollution & Treatment Controls median
Gross margin 39.70% 44.74% 34.73%
Operating margin (17.07%) (16.78%) (29.01%)
Net margin (21.73%) (12.75%) (31.94%)
Free cash flow margin (20.06%) (4.34%) (12.20%)
Return on equity (134.41%) (8.92%) (38.24%)
Return on assets (29.78%) (7.72%) (26.06%)
Return on invested capital 0.00% (16.13%) 0.00%

Growth

Metric BCHT FTEK Pollution & Treatment Controls median
Revenue growth (TTM) 11.02% 8.89% 9.79%
EPS growth (last fiscal year) 70.91% (33.33%) —
Revenue growth, 5-year CAGR 16.66% 3.42% 8.56%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BCHT FTEK Pollution & Treatment Controls median
Debt to equity 0.04 0.00 0.03
Current ratio 1.42 5.10 1.90
Net debt to EBITDA 0.79 8.34 0.30

Dividend

Metric BCHT FTEK Pollution & Treatment Controls median
Dividend yield — — —
Payout ratio — 0.00 0.00

Size

Metric BCHT FTEK Pollution & Treatment Controls median
Market cap 42.62m 53.54m 48.08m

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