Fuel Tech, Inc. (FTEK) vs LiqTech International, Inc. (LIQT)

Fuel Tech, Inc. and LiqTech International, Inc. are both Pollution & Treatment Controls companies. Fuel Tech, Inc. is the larger, with a market value of $53.5M against $21.0M — 2.6× the size. Fuel Tech, Inc. grew revenue faster over the last twelve months: 8.89% against −0.17%. Fuel Tech, Inc. has the higher net margin (−12.8% vs −63.7%) and the higher return on invested capital (−16.1% vs −43.3%). Across the 18 metrics below, Fuel Tech, Inc. leads on 13 and LiqTech International, Inc. on 5.

Valuation

Metric FTEK LIQT Pollution & Treatment Controls median
P/E n/m n/m —
P/S 1.96 0.82 3.64
P/B 1.44 0.49 2.08
Price to free cash flow n/m n/m —
EV/EBITDA n/m 0.11 17.68
EV/Sales 1.27 (0.04) 4.26
Earnings yield (6.40%) (137.70%) (18.01%)
Free cash flow yield (2.21%) (68.70%) (5.86%)

Profitability

Metric FTEK LIQT Pollution & Treatment Controls median
Gross margin 44.74% 9.07% 34.73%
Operating margin (16.78%) (55.87%) (29.01%)
Net margin (12.75%) (63.66%) (31.94%)
Free cash flow margin (4.34%) (56.15%) (12.20%)
Return on equity (8.92%) (49.46%) (38.24%)
Return on assets (7.72%) (28.21%) (26.06%)
Return on invested capital (16.13%) (43.29%) 0.00%

Growth

Metric FTEK LIQT Pollution & Treatment Controls median
Revenue growth (TTM) 8.89% (0.17%) 9.79%
EPS growth (last fiscal year) (33.33%) 45.73% —
Revenue growth, 5-year CAGR 3.42% (6.03%) 8.56%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FTEK LIQT Pollution & Treatment Controls median
Debt to equity 0.00 0.09 0.03
Current ratio 5.10 4.37 1.90
Net debt to EBITDA 8.34 (0.56) 0.30

Dividend

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

Size

Metric FTEK LIQT Pollution & Treatment Controls median
Market cap 53.54m 20.95m 48.08m

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