Fuel Tech, Inc. (FTEK) vs 374Water Inc. (SCWO)

Fuel Tech, Inc. and 374Water Inc. are both Pollution & Treatment Controls companies. Fuel Tech, Inc. and 374Water Inc. are of similar size ($54.8M and $53.5M). 374Water Inc. grew revenue faster over the last twelve months: 53.5% against 8.89%. Fuel Tech, Inc. has the higher net margin (−12.8% vs −1,056.2%) and the higher return on invested capital (−16.1% vs −297.2%). Across the 18 metrics below, Fuel Tech, Inc. leads on 15 and 374Water Inc. on 3.

Valuation

Metric FTEK SCWO Pollution & Treatment Controls median
P/E n/m n/m —
P/S 1.96 28.04 3.64
P/B 1.44 17.75 2.08
Price to free cash flow n/m n/m —
EV/EBITDA n/m n/m 17.68
EV/Sales 1.27 28.90 4.26
Earnings yield (6.40%) (40.81%) (18.01%)
Free cash flow yield (2.21%) (21.42%) (5.86%)

Profitability

Metric FTEK SCWO Pollution & Treatment Controls median
Gross margin 44.74% 6.25% 34.73%
Operating margin (16.78%) (1,002.21%) (29.01%)
Net margin (12.75%) (1,056.18%) (31.94%)
Free cash flow margin (4.34%) (595.30%) (12.20%)
Return on equity (8.92%) (335.45%) (38.24%)
Return on assets (7.72%) (157.47%) (26.06%)
Return on invested capital (16.13%) (297.16%) 0.00%

Growth

Metric FTEK SCWO Pollution & Treatment Controls median
Revenue growth (TTM) 8.89% 53.49% 9.79%
EPS growth (last fiscal year) (33.33%) (53.33%) —
Revenue growth, 5-year CAGR 3.42% 19.95% 8.56%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FTEK SCWO Pollution & Treatment Controls median
Debt to equity 0.00 0.93 0.03
Current ratio 5.10 1.67 1.90
Net debt to EBITDA 8.34 0.12 0.30

Dividend

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

Size

Metric FTEK SCWO Pollution & Treatment Controls median
Market cap 53.54m 54.75m 48.08m

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