COMP <GO>
FTEK vs PPIH // EV/EBITDA & P/E VALUATION
Fuel Tech Inc. (NASDAQ) VS. Perma-Pipe International Holdings Inc. (NASDAQ) • 15-METRIC TALLY: FTEK 2
— PPIH 5
■ METRIC PARITY
LAST: $1.48 (-5.13%) • MKT CAP: $46.2M
valuation
—
LAST: $29.97 (+1.11%) • MKT CAP: $245.6M
valuation
6.3x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (FTEK VS. PPIH)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | FTEK | PPIH | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 46.40% | 32.90% | +13.50 | FTEK | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -10.40% | 27.50% | -37.90 | PPIH | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | 6.3x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 6.53% | -0.52% | +7.05 | FTEK | /fcf-yield <GO> |
| Operating Margin | -13.80% | 14.00% | -27.80 | PPIH | /operating-margins <GO> |
| Net Profit Margin | -8.70% | 8.10% | -16.80 | PPIH | /net-margins <GO> |
| Revenue Growth (YoY) | 6.10% | — | — | TIE | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 1.17 | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 6/9 | 6/9 | 0.00 | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 44.2 | 47.0 | -2.79 | PPIH | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | 13.4x | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $46.2M | $245.6M | -$199.4M | PPIH | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | FTEK REV | PPIH REV | FTEK GROSS % | PPIH GROSS % | FTEK FCF | PPIH FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $26.7M | $210.9M | 46.4% | 32.9% | $3.0M | -$1.3M |
| FY 2024 | $25.1M | $158.4M | 42.3% | 33.6% | -$3.4M | $11.1M |
| FY 2023 | $27.1M | $0 | — | — | $696.0K | $14.7M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
FTEK // BETA —
PPIH // BETA —