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 $41.5M against $9.9M — 4.2× the size. Fuel Tech, Inc. grew revenue faster over the last twelve months: 15.3% against −0.17%. Fuel Tech, Inc. has the higher net margin (−14.2% vs −63.7%) and the higher return on invested capital (−16.5% 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 1.46 0.39 2.50
P/B 1.12 0.23 3.39
Price to free cash flow n/m n/m —
EV/EBITDA n/m 1.25 18.45
EV/Sales 0.92 (0.47) 2.74
Earnings yield (9.67%) (289.66%) (14.48%)
Free cash flow yield (14.27%) (144.51%) (11.96%)

Profitability

Metric FTEK LIQT Pollution & Treatment Controls median
Gross margin 43.73% 9.07% 32.15%
Operating margin (17.93%) (55.87%) (17.50%)
Net margin (14.22%) (63.66%) (17.98%)
Free cash flow margin (20.80%) (56.15%) (10.60%)
Return on equity (10.37%) (49.46%) (36.99%)
Return on assets (8.91%) (28.21%) (24.89%)
Return on invested capital (16.53%) (43.29%) (0.06%)

Growth

Metric FTEK LIQT Pollution & Treatment Controls median
Revenue growth (TTM) 15.28% (0.17%) 8.69%
EPS growth (last fiscal year) (33.33%) 45.73% 11.29%
Revenue growth, 5-year CAGR 3.42% (6.03%) 12.30%
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 0.07
Current ratio 5.02 4.37 1.84
Net debt to EBITDA 8.34 (0.56) 0.50

Dividend

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

Size

Metric FTEK LIQT Pollution & Treatment Controls median
Market cap 41.52m 9.89m 62.87m

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