Fuel Tech, Inc. (FTEK) vs Veralto Corporation (VLTO)

Fuel Tech, Inc. and Veralto Corporation are both Pollution & Treatment Controls companies. Veralto Corporation is the larger, with a market value of $28.3B against $41.5M — 682.6× the size. Fuel Tech, Inc. has negative trailing earnings, so its P/E is not meaningful; Veralto Corporation trades at 28.6×. Fuel Tech, Inc. grew revenue faster over the last twelve months: 15.3% against 6.40%. Veralto Corporation has the higher net margin (17.3% vs −14.2%) and the higher return on invested capital (18.1% vs −16.5%). Across the 19 metrics below, Veralto Corporation leads on 13 and Fuel Tech, Inc. on 6.

Valuation

Metric FTEK VLTO Pollution & Treatment Controls median
P/E n/m 28.61 —
P/S 1.46 4.89 2.50
P/B 1.12 8.78 3.39
Price to free cash flow n/m 25.97 —
EV/EBITDA n/m 21.58 18.45
EV/Sales 0.92 5.09 2.74
Earnings yield (9.67%) 3.50% (14.48%)
Free cash flow yield (14.27%) 3.85% (11.96%)

Profitability

Metric FTEK VLTO Pollution & Treatment Controls median
Gross margin 43.73% 60.20% 32.15%
Operating margin (17.93%) 21.84% (17.50%)
Net margin (14.22%) 17.27% (17.98%)
Free cash flow margin (20.80%) 18.84% (10.60%)
Return on equity (10.37%) 32.96% (36.99%)
Return on assets (8.91%) 12.80% (24.89%)
Return on invested capital (16.53%) 18.13% (0.06%)

Growth

Metric FTEK VLTO Pollution & Treatment Controls median
Revenue growth (TTM) 15.28% 6.40% 8.69%
EPS growth (last fiscal year) (33.33%) 12.57% 11.29%
Revenue growth, 5-year CAGR 3.42% 4.82% 12.30%
Net income growth, 5-year CAGR 0.00% 5.36% 0.00%

Health

Metric FTEK VLTO Pollution & Treatment Controls median
Debt to equity 0.00 0.90 0.07
Current ratio 5.02 2.03 1.84
Net debt to EBITDA 8.34 0.47 0.50

Dividend

Metric FTEK VLTO Pollution & Treatment Controls median
Dividend yield — 0.45% —
Payout ratio — 0.13 —

Size

Metric FTEK VLTO Pollution & Treatment Controls median
Market cap 41.52m 28.34b 62.87m

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