Birchtech Corp. (BCHT) AI Stock Analysis

Birchtech Corp. provides specialty activated carbon technologies for air and water purification in the United States. Its mercury capture offerings rely on Sorbent Enhancement Additive (SEA) technology to treat coal-fired flue gas. In addition, the company develops water purification technologies designed to target chemicals including PFAS and PFOS. Originally known as Midwest Energy Emissions Corp., the company changed its name to Birchtech Corp. in October 2024. The business operates with 14 employees and is headquartered in Corsicana, Texas.

Birchtech generated a 5-year revenue CAGR of 16.7% between FY2020 and FY2025. Annual revenue grew 59.5% to $13.0M in FY2021 and 66.2% to $21.6M in FY2022, before falling 18.5% to $17.6M in FY2023. Revenue remained relatively flat through FY2024 at $17.4M and grew 1.3% to $17.6M in FY2025, accompanied by a 40.9% gross margin and an operating margin of -16.9%. Net income was -$3.0M in FY2025, compared to -$10.8M in FY2024. For the latest quarter ended June 30, 2026, quarterly revenue grew 16.5% year-over-year, contributing to trailing twelve-month revenue of $19.2M and a profit margin of -21.7%.

As of June 30, 2026, Birchtech reported $11.8M in cash and short-term investments against $238,982 in total debt, giving it net cash of $11.6M. The balance sheet shows a current ratio of 1.42, a debt-to-equity ratio of 0.03, and shareholders' equity of $8.2M across $19.4M in total assets. In FY2025, operating cash flow stood at -$700,110 and capital expenditures were $29,300, leading to free cash flow of -$729,410. The company's share count increased 55.4% over 5 years.

Birchtech trades at an enterprise value of $33.9M and an EV/EBITDA of 68.7x, which is elevated compared to the 13.9x median of its US-listed Industrials peers. Its price-to-sales multiple of 1.6x is near the peer median of 1.5x, while its forward P/E of 9.9x sits below the peer median of 17.2x. At its last close of $1.18 on October 16, 2026, the stock was down 65.3% over the past year and down 72.6% over five years, lagging the S&P 500 (SPY) returns of 16.8% and 83.0% over the same periods.

One analyst covers Birchtech Corp. for the next fiscal year, providing a mean price target of $15.00, which is 1171.2% above the last close of $1.18. Consensus estimates for the fiscal year ending December 31, 2026, project revenue of $16.6M and an EPS of -$0.26. For the following fiscal year, the estimate anticipates revenue growing 73.5% to $28.8M with an EPS of $0.00. The company has beaten EPS estimates in 1 of the last 4 quarters, with its next earnings date scheduled for November 12, 2026.

This page is an AI-written research summary of Birchtech Corp. (BCHT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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