374Water SCWO

NASDAQ SCWO
$2.32 -0.11 (-4.53%)
At close: Nov 9, 2026 · 4:00 PM EST

374Water (SCWO) stock price is $2.32, down 4.53% on the day, as of Nov 9, 2026. It has a market cap of $32.45Mn, and is classified in the Pollution Control Equipment industry (Industrials sector).

Key Stats
Market Cap32.45 Mn
P/E-1.63
FCF (Yr)-16.22 Mn
ROA (Yr)-137.14
EV to EBIT-1.38
Net Income (Yr)-20.98 Mn
Enterprise Value26.10 Mn
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About

374Water Inc. is a cleantech and environmental services company that develops supercritical water oxidation technology to destroy organic waste streams in municipal, federal, and industrial markets. Its proprietary AirSCWO system uses water above its critical point combined with air to mineralize hazardous and non hazardous wastes, producing clean water, mineral effluent, vent gas, and recoverable heat without creating waste byproducts. The technology targets sewage sludge,…

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Sector: Industrials Sector rationale The company manufactures and sells capital equipment (AirSCWO systems) and provides operating services (Waste Destruction Services) to municipal, federal, and industrial customers. These activities fall directly under the 'Industrial Machinery', 'Water Treatment', and 'Environmental Services' industries within the Industrials sector. Industries: Pollution Control Equipment Pollution Control Equipment Primary The company manufactures and sells the AirSCWO system, which is a pollution-control technology designed to mineralize hazardous and non-hazardous wastes, including PFAS and sewage sludge. Revenue is generated from the sale of these modular and mobile units to municipal water utilities and federal agencies. Hazardous Waste Hazardous Waste Secondary The company provides Waste Destruction Services where it physically treats customer waste streams, such as firefighting foam and persistent chemicals, at partner sites and its Orlando hub. Water Treatment Water Treatment Secondary The company specifically targets the municipal water and wastewater treatment market, providing systems to wastewater treatment plants and municipal water utilities like the Orange County Sanitation District. Classified using BQ-MICS CIK: 0000933972

Accounts Notes Loans And Financing Receivables By Billing Status Type Axis Breakdown of Revenue (2025)

History
Peer percentiles

How 374Water ranks

Ranked against the 21 companies in Environmental Equipment58 metrics · as of Nov 6, 2026

Valuation

12 metrics · Lower multiples rank higher; a negative multiple ranks last
  • P/ENegative earnings −1.62xMedian 36.2x 17th
  • P/FCFNegative free cash flow −2.73xMedian 25.4x 32nd
  • P/Operating cash flowNegative operating cash flow −3.59xMedian 21.3x 29th
  • P/S 17.1xMedian 2.55x 6th
  • P/B 10.8xMedian 1.82x 11th
  • P/Tangible book 15.6xMedian 2.03x 18th
  • EV/EBITDANegative EBITDA −1.70xMedian 22.1x 20th
  • EV/EBITNegative EBIT −1.62xMedian 25.2x 25th
  • EV/Revenue 16.2xMedian 2.59x 7th
  • EV/FCFNegative free cash flow −2.59xMedian 27.1x 19th
  • EV/Operating cash flowNegative operating cash flow −3.41xMedian 22.6x 25th
  • PEG (3Y EPS CAGR) —Median 2.08 No data —
Peer group

Peer Comparison

Companies in the Pollution Control Equipment
View all peers
S.No. Ticker Company Market CapP/EP/STotal Debt (Qtr)
1 ECL Ecolab Inc. 85.97 Bn41.284.9513.19 Bn
2 VLTO Veralto Corp 28.80 Bn28.744.962.92 Bn
3 XYL Xylem Inc. 23.13 Bn21.382.552.90 Bn
4 BMI Badger Meter Inc 4.57 Bn36.105.18-
5 CECO Ceco Environmental Corp 2.30 Bn-75.042.540.73 Bn
6 NWPX NWPX Infrastructure, Inc. 0.88 Bn16.511.460.02 Bn
7 ERII Energy Recovery, Inc. 0.37 Bn72.973.76-
8 SCWO 374Water Inc. 0.03 Bn-1.6317.170.00 Bn