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 $24.6B against $44.3M — 555.2× the size. Fuel Tech, Inc. has negative trailing earnings, so its P/E is not meaningful; Veralto Corporation trades at 25.3×. Fuel Tech, Inc. grew revenue faster over the last twelve months: 8.89% against 6.23%. Veralto Corporation has the higher net margin (17.4% vs −12.8%) and the higher return on invested capital (18.6% vs −16.1%). 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 25.32 —
P/S 1.60 4.35 2.78
P/B 1.17 8.00 1.98
Price to free cash flow n/m 23.66 —
EV/EBITDA n/m 18.76 18.09
EV/Sales 0.97 4.57 2.17
Earnings yield (7.86%) 3.95% (22.91%)
Free cash flow yield (2.71%) 4.23% (7.86%)

Profitability

Metric FTEK VLTO Pollution & Treatment Controls median
Gross margin 44.74% 60.18% 34.98%
Operating margin (16.78%) 22.74% (29.01%)
Net margin (12.75%) 17.35% (31.94%)
Free cash flow margin (4.34%) 18.38% (12.20%)
Return on equity (8.92%) 34.31% (38.24%)
Return on assets (7.72%) 12.56% (26.06%)
Return on invested capital (16.13%) 18.57% 0.00%

Growth

Metric FTEK VLTO Pollution & Treatment Controls median
Revenue growth (TTM) 8.89% 6.23% 9.79%
EPS growth (last fiscal year) (33.33%) 12.57% 13.10%
Revenue growth, 5-year CAGR 3.42% 4.82% 8.56%
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 1.09 0.03
Current ratio 5.10 1.78 1.90
Net debt to EBITDA 8.34 0.47 0.38

Dividend

Metric FTEK VLTO Pollution & Treatment Controls median
Dividend yield — 0.51% —
Payout ratio — 0.13 —

Size

Metric FTEK VLTO Pollution & Treatment Controls median
Market cap 44.33m 24.61b 44.11m

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