374Water, Inc. (SCWO) Key Metrics
SCWO valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $43.1M
- Enterprise value
- $56.5M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 22.8 10-yr median 174.9
- Price / book
- 18.2 10-yr median 12.6
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- −0.24
SCWO key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSCWO valuation Price multiples at each fiscal year-end price.
SCWO returns How much profit the business earns on the capital it uses.
SCWO per-share figures Results divided by the shares outstanding at year-end.
SCWO financial health Debt, liquidity and how easily interest is covered.
SCWO efficiency & capital use Working capital cycle and where the cash goes.
SCWO valuation history
SCWO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SCWO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SCWO cash returned to shareholders
SCWO price vs earnings per share
SCWO key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $31.1M | $91.5M | $185.1M | $362.2M | $267.9M | — | — | — | — | — |
| Enterprise value | $29.1M | $81.5M | $174.7M | $356.2M | $256.8M | — | — | — | — | — |
| Price / sales | 144.5 | 205.3 | 248.8 | 120.1 | — | — | — | — | — | — |
| Price / book | 4.6 | 5.9 | 12.6 | 43.9 | 21.7 | — | — | — | — | — |
| EV / sales | 135.3 | 182.9 | 234.8 | 118.1 | — | — | — | — | — | — |
| Earnings yield | −67.5% | −13.6% | −4.4% | −1.3% | −1.2% | — | — | — | — | — |
| Free cash flow yield | −52.2% | −12.3% | −4.9% | −1.4% | −0.7% | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 2.1% | — | — | — | 0.0% | — | — | — | — | — |
| Share price at fiscal year-end | $2.04 | $6.80 | $14.20 | $28.60 | $28.50 | $8.40 | $0.90 | $0.50 | $1.20 | $1.30 |
| Per share | ||||||||||
| Revenue per share | $0.01 | $0.03 | $0.06 | $0.24 | $0.01 | — | — | — | — | — |
| Earnings per share | −$1.38 | −$0.92 | −$0.62 | −$0.37 | −$0.34 | — | — | — | — | — |
| Operating cash flow per share | −$0.94 | −$0.79 | −$0.69 | −$0.39 | −$0.20 | — | — | — | — | — |
| Free cash flow per share | −$1.07 | −$0.84 | −$0.70 | −$0.41 | −$0.20 | — | — | — | — | — |
| Cash per share | $0.21 | $0.79 | $0.80 | $0.47 | $1.18 | — | — | — | — | — |
| Book value per share | $0.44 | $1.15 | $1.13 | $0.65 | $1.31 | — | — | — | — | — |
| Tangible book value per share | $0.38 | $1.08 | $1.04 | $0.56 | $1.20 | — | — | — | — | — |
| Capex per share | $0.12 | $0.05 | $0.01 | $0.02 | $0.00 | — | — | — | — | — |
| Debt per share | $0.08 | $0.05 | — | — | — | — | — | — | — | — |
| Shares outstanding | 15.2M | 13.4M | 13.0M | 12.7M | 9.4M | — | — | — | — | — |
| Change in shares outstanding | +13.2% | +3.2% | +2.9% | +34.7% | — | — | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −189.0% | −82.3% | −70.5% | −45.6% | −51.3% | — | — | −413.5% | 659.9% | — |
| Return on invested capital (ROIC) | −326.7% | −206.9% | −208.0% | −217.3% | −302.9% | −169.3% | — | −229.2% | 116.4% | −19.1% |
| Return on assets (ROA) | −137.1% | −70.4% | −62.2% | −42.0% | −50.6% | −946.9% | −727.0% | −221.6% | 92.7% | −37.2% |
| Return on tangible assets | −200.5% | −68.4% | −54.1% | −53.9% | −27.9% | −646.1% | — | — | 95.8% | −48.6% |
| Free cash flow margin | — | — | — | −170.6% | — | 161.9% | — | 82.7% | 31.9% | 25.0% |
| Income quality (OCF / net income) | — | — | — | — | — | — | — | — | 0.67 | — |
| Financial health | ||||||||||
| Total debt | $1.2M | $652,696 | — | — | — | $515,985 | $306,254 | — | $150,000 | $425,000 |
| Cash & short-term investments | $3.2M | $10.7M | $10.4M | $6.0M | $11.1M | $71,799 | $20,033 | $8,482 | $1,336 | $4,786 |
| Net debt | −$2.0M | −$10.0M | −$10.4M | −$6.0M | −$11.1M | $444,186 | $286,221 | −$8,482 | $148,664 | $420,214 |
| Debt / equity | 0.18 | 0.04 | — | — | — | 45.87 | — | — | 0.57 | — |
| Debt / assets | 0.11 | 0.03 | — | — | — | 4.97 | 8.17 | — | 0.29 | 1.17 |
| Net debt / EBITDA | — | — | — | — | — | — | — | — | 0.32 | — |
| Current ratio | 1.40 | 4.76 | 10.85 | 5.25 | 131.41 | 1.11 | 0.37 | 0.75 | 1.69 | 0.46 |
| Quick ratio | 1.05 | 4.22 | 9.19 | 4.25 | 131.41 | 1.11 | 0.37 | 0.75 | 1.69 | 0.46 |
| Interest coverage | -513.1 | — | — | -71.9 | — | -2.9 | -12.4 | -972.8 | 15.5 | -1.0 |
| Working capital | $1.7M | $11.8M | $13.5M | $7.1M | $11.3M | $10,572 | −$63,638 | −$9,788 | $168,679 | −$272,120 |
| Invested capital | $4.8M | $5.5M | $4.3M | $2.3M | $1.2M | $455,436 | −$83,671 | $56,542 | $412,117 | $279,314 |
| Tangible asset value | $5.8M | $14.5M | $13.6M | $7.0M | $11.3M | $10,975 | −$369,892 | −$9,154 | $176,901 | −$249,636 |
| Net current asset value | $1.2M | $11.2M | $13.5M | $7.1M | $11.3M | $10,572 | −$369,892 | −$9,788 | $168,679 | −$272,120 |
| Graham net-net per share | −$0.01 | $0.70 | $0.88 | $0.46 | $1.19 | — | — | — | — | — |
| Capital allocation | ||||||||||
| Share buybacks (net) | $649,980 | — | — | — | $84,225 | $300,000 | $0 | — | — | — |
| Dividends + buybacks / free cash flow | — | — | — | — | — | 463.3% | — | — | — | — |
| Capex / revenue | 882.7% | 146.7% | 15.0% | 6.5% | 2.5% | 0.7% | 1.8% | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | — | — | — | — | — | 0.4% | — | 0.0% | 0.0% | 0.0% |
| Capex / depreciation | 2.52 | 2.89 | 1.30 | 2.91 | 0.03 | 0.30 | 0.08 | 0.00 | 0.00 | 0.00 |
| Stock-based compensation / revenue | 1,649.3% | 272.9% | 124.4% | 20.3% | 424.6% | 0.8% | 333.3% | 252.8% | — | 35.4% |
| R&D / revenue | 1,174.0% | 481.2% | 201.1% | 36.9% | 3,689.9% | 286.4% | 912.2% | 331.8% | 24.7% | 56.3% |
| SG&A / revenue | 7,566.7% | 2,193.2% | 811.7% | 132.0% | 2,992.2% | 809.5% | 906.3% | 125.9% | 24.7% | 54.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 2,452.6 | 1,516.9 | 617.5 | 70.3 | 1,040.2 | 170.3 | 121.7 | 364.8 | 115.7 | 121.3 |
| Days of inventory on hand | 225.7 | 534.6 | 388.0 | 113.1 | — | — | — | — | — | — |
| Days payables outstanding | 153.4 | 181.9 | 186.9 | 103.0 | 551.8 | 2,273.1 | — | — | — | — |
| Cash conversion cycle (days) | 2,524.9 | 1,869.6 | 818.6 | 80.4 | 488.4 | -2,102.8 | — | — | — | — |
| Receivables turnover | 0.15 | 0.24 | 0.59 | 5.19 | 0.35 | 2.14 | 3.00 | 1.00 | 3.15 | 3.01 |
| Payables turnover | 2.38 | 2.01 | 1.95 | 3.54 | 0.66 | 0.16 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory turnover | 1.62 | 0.68 | 0.94 | 3.23 | — | — | — | — | — | — |
| Asset turnover | 0.01 | 0.03 | 0.06 | 0.27 | 0.01 | 0.57 | 0.34 | 0.62 | 1.96 | 1.76 |
| Average receivables | $1.4M | $1.9M | $1.3M | $580,490 | $137,073 | $18,665 | $8,000 | $189,980 | $270,249 | $195,348 |
| Average payables | $1.1M | $676,704 | $948,298 | $756,282 | $69,615 | $88,690 | $70,134 | $67,223 | $87,192 | $60,512 |
| Average inventory | $1.6M | $2.0M | $2.0M | $830,355 | $0 | — | — | — | — | — |
| Intangibles / total assets | 8.3% | 5.3% | 7.1% | 12.3% | 8.6% | 0.3% | 0.0% | 71.2% | 17.0% | 29.9% |
Computed from SCWO's annual financial statements (latest annual report filed March 31, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
SCWO valuation and financial ratios
374Water earned a return on equity of −189.0% and a return on invested capital of −326.7% in fiscal 2025. It ended the year with $1.2 million of debt and $3.2 million in cash and short-term investments, a net cash position of $2.0 million. It returned $0.6 million to shareholders: $0 in dividends and $0.6 million in share buybacks.
See the SCWO income statement, the SCWO chart for price history, or the SCWO stock overview for the latest quote and news.
SCWO key metrics FAQ
What is 374Water's return on equity?
374Water's return on equity (ROE) was −189.0% in fiscal 2025: net income of -$21.0 million on average shareholders' equity of $11.1 million.
What is 374Water's ROIC?
374Water's return on invested capital was −326.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does 374Water have?
374Water had total debt of $1.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.18 and more cash than debt.
Does 374Water buy back its shares?
Yes. 374Water spent $0.6 million on net share repurchases in fiscal 2025 Shares outstanding changed +13.2% over the year, to 15.2M..
What is 374Water's free cash flow yield?
374Water generated -$16.2 million of free cash flow in fiscal 2025, a free cash flow yield of −52.2% on its market value at year-end ($31.1 million).
What is 374Water's current ratio?
374Water's current ratio was 1.40 at the end of fiscal 2025: current assets were 1.40 times current liabilities.