SCWO

Company Overview — What Does 374Water Inc. Do?

374Water, Inc. focuses on providing a technology that addresses environmental pollution challenges. It develops a waste stream treatment system based on supercritical water oxidation technology. The company's AirSCWO systems are used to treat various hazardous and non-hazardous waste streams. Its clients include channel partners, such as engineering-procurement and construction companies, technology integrators, waste service providers, operations service providers, and NGOs; and end-users, which include utilities, industrial manufacturing facilities, waste management and environmental remediation companies, agricultural companies, and governmental entities. The company is based in Durham, North Carolina. 374Water Inc. (SCWO) is classified as a micro-cap stock in the Industrials sector, specifically within the Electrical Equipment industry. The company is led by CEO Yaacov Nagar and employs approximately 20 people. With a market capitalization of $50M, SCWO is one of the notable companies in the Industrials sector.

374Water Inc. (SCWO) Stock Rating — Reduce (April 2026)

As of April 2026, 374Water Inc. receives a Reduce rating with a composite score of 28.4/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.SCWO ranks #2,559 out of 4,446 stocks in our coverage universe. Within the Industrials sector, 374Water Inc. ranks #411 of 752 stocks, placing it in the lower half of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

SCWO Stock Price and 52-Week Range

374Water Inc. (SCWO) currently trades at $2.99. The stock lost $0.01 (0.3%) in the most recent trading session. The 52-week high for SCWO is $3.55, which means the stock is currently trading -15.8% from its annual peak. The 52-week low is $0.16, putting the stock 1740.0% above its annual trough. Recent trading volume was 0 shares, suggesting relatively thin trading activity.

Is SCWO Overvalued or Undervalued? — Valuation Analysis

374Water Inc. (SCWO) carries a value factor score of 14/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 6.92x, versus the sector average of 2.23x. The price-to-sales ratio is 23.52x, compared to 0.50x for the average Industrials stock.

At current multiples, 374Water Inc. trades at a premium to most Industrials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

374Water Inc. Profitability — ROE, Margins, and Quality Score

374Water Inc. (SCWO) earns a quality factor score of 11/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -228.0%, compared to the Industrials sector average of 8.9%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -134.4% versus the sector average of 3.3%.

On a margin basis, 374Water Inc. reports gross margins of 13.7%, compared to 35.8% for the sector. The operating margin is -1353.6% (sector: 6.2%). Net profit margin stands at -1334.6%, versus 3.9% for the average Industrials stock. Revenue growth is running at 1965.2% on a trailing basis, compared to 6.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

SCWO Debt, Balance Sheet, and Financial Health

374Water Inc. has a debt-to-equity ratio of 70.0%, compared to the Industrials sector average of 70.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 1.40x, suggesting adequate working capital coverage. Total debt on the balance sheet is $37,735. Cash and equivalents stand at $933,328.

SCWO has a beta of 1.74, meaning it is more volatile than the broader market — a $10,000 investment in SCWO would be expected to move 74.1% more than the S&P 500 on any given day. The stability factor score for 374Water Inc. is 11/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

374Water Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, 374Water Inc. reported revenue of $2M and earnings per share (EPS) of $-1.38. Net income for the quarter was $-15M. Gross margin was 13.7%. Operating income came in at $-16M.

In FY 2025, 374Water Inc. reported revenue of $215,037. Net income for the quarter was $-21M. Gross margin was -1093.5%. Revenue grew -51.7% year-over-year compared to FY 2024. Operating income came in at $-21M.

In Q3 2025, 374Water Inc. reported revenue of $760,417. Net income for the quarter was $-4M. Gross margin was 28.0%. Revenue grew 833.1% year-over-year compared to Q3 2024. Operating income came in at $-4M.

In Q2 2025, 374Water Inc. reported revenue of $594,967. Net income for the quarter was $-5M. Gross margin was -46.5%. Revenue grew 1515.8% year-over-year compared to Q2 2024. Operating income came in at $-5M.

Over the past 8 quarters, 374Water Inc. has demonstrated a growth trajectory, with revenue expanding from $36,821 to $2M. Investors analyzing SCWO stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

SCWO Dividend Yield and Income Analysis

374Water Inc. (SCWO) does not currently pay a dividend. This is common among smaller companies in the Electrical Equipment industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.

SCWO Momentum and Technical Analysis Profile

374Water Inc. (SCWO) has a momentum factor score of 77/100, indicating strong price momentum with the stock outperforming the majority of the market over recent periods. Stocks with high momentum scores have historically tended to continue their outperformance in the near term. The investment factor score is 20/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 6/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

SCWO vs Competitors — Industrials Sector Ranking and Peer Comparison

Within the Industrials sector, 374Water Inc. (SCWO) ranks #411 out of 752 stocks based on the Blank Capital composite score. This places SCWO in the lower half of all Industrials stocks in our coverage universe. Key competitors and sector peers include South Bow Corp (SOBO) with a score of 56.5/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.4/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.7/100, Tri Pointe Homes, Inc. (TPH) with a score of 57.3/100, and Clear Channel Outdoor Holdings, Inc. (CCO) with a score of 52.2/100.

Comparing SCWO against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full SCWO vs S&P 500 (SPY) comparison to assess how 374Water Inc. stacks up against the broader market across all factor dimensions.

SCWO Next Earnings Date

No upcoming earnings date has been announced for 374Water Inc. (SCWO) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy SCWO? — Investment Thesis Summary

The quantitative profile for 374Water Inc. suggests caution. The quality score of 11/100 flags below-average profitability. The value score of 14/100 indicates premium valuation. Price momentum is positive at 77/100, suggesting the trend favors buyers. High volatility (stability score 11/100) increases portfolio risk.

In summary, 374Water Inc. (SCWO) earns a Reduce rating with a composite score of 28.4/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on SCWO stock.

Related Resources for SCWO Investors

Explore more research and tools: SCWO vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare SCWO head-to-head with peers: SCWO vs SOBO, SCWO vs TEN, SCWO vs GLDD.