PureCycle Technologies, Inc. (PCT) vs Veralto Corporation (VLTO)

PureCycle Technologies, Inc. and Veralto Corporation are both Pollution & Treatment Controls companies. Veralto Corporation is the larger, with a market value of $23.5B against $998.5M — 23.5× the size. PureCycle Technologies, Inc. has negative trailing earnings, so its P/E is not meaningful; Veralto Corporation trades at 24.3×. Veralto Corporation has the higher net margin (17.4% vs −1,775.6%) and the higher return on invested capital (18.6% vs −19.3%). Across the 17 metrics below, Veralto Corporation leads on 14 and PureCycle Technologies, Inc. on 3.

Valuation

Metric PCT VLTO Pollution & Treatment Controls median
P/E n/m 24.33 —
P/S 67.20 4.18 3.64
P/B 59.66 7.68 2.08
Price to free cash flow n/m 22.74 —
EV/EBITDA n/m 18.06 17.68
EV/Sales 85.91 4.40 4.26
Earnings yield (26.69%) 4.11% (18.01%)
Free cash flow yield (22.95%) 4.40% (5.86%)

Profitability

Metric PCT VLTO Pollution & Treatment Controls median
Gross margin (782.77%) 60.18% 34.73%
Operating margin (1,316.81%) 22.74% (29.01%)
Net margin (1,775.62%) 17.35% (31.94%)
Free cash flow margin (1,542.05%) 18.38% (12.20%)
Return on equity (427.37%) 34.31% (38.24%)
Return on assets (23.90%) 12.56% (26.06%)
Return on invested capital (19.25%) 18.57% 0.00%

Growth

Metric PCT VLTO Pollution & Treatment Controls median
Revenue growth (TTM) — 6.23% 9.79%
EPS growth (last fiscal year) 30.86% 12.57% —
Revenue growth, 5-year CAGR — 4.82% 8.56%
Net income growth, 5-year CAGR 0.00% 5.36% 0.00%

Health

Metric PCT VLTO Pollution & Treatment Controls median
Debt to equity 1.47 1.09 0.03
Current ratio 2.60 1.78 1.90
Net debt to EBITDA (1.70) 0.47 0.30

Dividend

Metric PCT VLTO Pollution & Treatment Controls median
Dividend yield — 0.33% —
Payout ratio 0.00 — 0.00

Size

Metric PCT VLTO Pollution & Treatment Controls median
Market cap 998.50m 23.45b 48.08m

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