Cadiz, Inc. (CDZI) vs 374Water Inc. (SCWO)

Cadiz, Inc. and 374Water Inc. are both Pollution & Treatment Controls companies. Cadiz, Inc. is the larger, with a market value of $385.3M against $43.4M — 8.9× the size. 374Water Inc. grew revenue faster over the last twelve months: 53.5% against −21.3%. Cadiz, Inc. has the higher net margin (−353.9% vs −1,056.2%) and the higher return on invested capital (−15.1% vs −297.2%). Across the 18 metrics below, Cadiz, Inc. leads on 12 and 374Water Inc. on 6.

Valuation

Metric CDZI SCWO Pollution & Treatment Controls median
P/E n/m n/m —
P/S 29.20 23.38 2.56
P/B 74.17 14.80 3.52
Price to free cash flow n/m n/m —
EV/EBITDA n/m n/m 18.08
EV/Sales 38.58 24.24 2.92
Earnings yield (12.17%) (48.94%) (12.97%)
Free cash flow yield (9.03%) (25.68%) (10.72%)

Profitability

Metric CDZI SCWO Pollution & Treatment Controls median
Gross margin 27.14% 6.25% 32.15%
Operating margin (236.05%) (1,002.21%) (16.93%)
Net margin (353.94%) (1,056.18%) (17.24%)
Free cash flow margin (263.64%) (595.30%) (2.74%)
Return on equity (208.42%) (335.45%) (37.94%)
Return on assets (30.92%) (157.47%) (26.06%)
Return on invested capital (15.09%) (297.16%) (0.06%)

Growth

Metric CDZI SCWO Pollution & Treatment Controls median
Revenue growth (TTM) (21.32%) 53.49% 7.96%
EPS growth (last fiscal year) 9.43% (53.33%) 11.29%
Revenue growth, 5-year CAGR 97.64% 19.95% 12.30%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CDZI SCWO Pollution & Treatment Controls median
Debt to equity 24.96 0.93 0.14
Current ratio 1.16 1.67 2.02
Net debt to EBITDA (4.12) 0.12 0.50

Dividend

Metric CDZI SCWO Pollution & Treatment Controls median
Dividend yield — — —
Payout ratio — — —

Size

Metric CDZI SCWO Pollution & Treatment Controls median
Market cap 385.28m 43.36m 61.28m

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