CECO Environmental Corp. (CECO) vs 374Water Inc. (SCWO)

CECO Environmental Corp. and 374Water Inc. are both Pollution & Treatment Controls companies. CECO Environmental Corp. is the larger, with a market value of $4.1B against $54.8M — 74.9× the size. 374Water Inc. grew revenue faster over the last twelve months: 53.5% against 37.6%. CECO Environmental Corp. has the higher net margin (−3.39% vs −1,056.2%) and the higher return on invested capital (−0.12% vs −297.2%). Across the 19 metrics below, CECO Environmental Corp. leads on 15 and 374Water Inc. on 4.

Valuation

Metric CECO SCWO Pollution & Treatment Controls median
P/E n/m n/m —
P/S 3.52 28.04 3.64
P/B 1.53 17.75 2.08
Price to free cash flow n/m n/m —
EV/EBITDA 126.99 n/m 17.68
EV/Sales 4.26 28.90 4.26
Earnings yield (0.93%) (40.81%) (18.01%)
Free cash flow yield (0.32%) (21.42%) (5.86%)

Profitability

Metric CECO SCWO Pollution & Treatment Controls median
Gross margin 32.15% 6.25% 34.73%
Operating margin (0.60%) (1,002.21%) (29.01%)
Net margin (3.39%) (1,056.18%) (31.94%)
Free cash flow margin (1.13%) (595.30%) (12.20%)
Return on equity (2.57%) (335.45%) (38.24%)
Return on assets (1.33%) (157.47%) (26.06%)
Return on invested capital (0.12%) (297.16%) 0.00%

Growth

Metric CECO SCWO Pollution & Treatment Controls median
Revenue growth (TTM) 37.64% 53.49% 9.79%
EPS growth (last fiscal year) 280.56% (53.33%) —
Revenue growth, 5-year CAGR 19.63% 19.95% 8.56%
Net income growth, 5-year CAGR 43.55% 0.00% 0.00%

Health

Metric CECO SCWO Pollution & Treatment Controls median
Debt to equity 0.35 0.93 0.03
Current ratio 1.50 1.67 1.90
Net debt to EBITDA 1.36 0.12 0.30

Dividend

Metric CECO SCWO Pollution & Treatment Controls median
Dividend yield — — —
Payout ratio 0.00 — 0.00

Size

Metric CECO SCWO Pollution & Treatment Controls median
Market cap 4.10b 54.75m 48.08m

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