BCHTNYSEMeasuring & Controlling Devices, NECFiscal year ends December 31
Birchtech Corp.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$1.18+0.00 (0.00%)
Close on Oct 19, 2026
- Market cap
- $31.04M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
42.0%+8.7 pts over 5 years
Operating margin
-17.2%
Net margin
-17.2%+54.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +1.3% | -6.6% | +16.7% | +3.4% | |
| Gross profit | +4.2% | +1.8% | +22.2% | +14.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 462.8% | 52.8% | 1157.1% | |
| Return on assets | -134.7% | -70.0% | -31.0% | |
| Current ratio | 1.87 | 0.70 | 0.47 | |
| Debt to equity | -0.04 | -0.02 | – | |
| Net debt to EBITDA | -3.02× | – | – | |
| Interest coverage | – | – | -221.6× | |
| Inventory turnover | 13.9× | 10.1× | 19.1× | |
| Capex to revenue | – | 0.0% | 0.2% | |
| Diluted shares | 10M | 16M | 19M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Birchtech generated $24.31M from operations and spent $860.43K on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$24.31M
Used
$860.43K
Capital expenditure$860.43K100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-17.2%
×Asset turnover1.81×
×Equity multiplier-37.28×
=Return on equity, FY20251157.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -17.2% | 1.81× | -37.28× | 1157.1% |
| FY2024 | -62.1% | 0.90× | 30.80× | -1725.3% |
| FY2023 | 32.2% | 0.94× | -5.12× | -154.1% |
| FY2022 | -7.3% | 2.47× | -0.99× | 17.9% |
| FY2021 | -27.9% | 1.68× | -0.66× | 31.0% |
| FY2020 | -71.4% | 0.98× | -0.75× | 52.8% |
| FY2019 | -53.4% | 1.32× | -0.99× | 69.7% |
| FY2018 | -39.2% | 1.22× | -1.54× | 73.8% |
| FY2017 | -10.6% | 1.97× | -3.46× | 71.8% |
| FY2016 | -48.3% | 2.79× | -3.44× | 462.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$3.03M
- Cash generatingOperating cash flow above zero-$700.11K
- Return on assets improvedROA up on the prior year-38.2% → -29.5%
- Earnings backed by cashOperating cash flow above net income-$700.11K vs -$3.03M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose0.69 → 0.47
- No dilutionShare count did not rise19M → 19M
- Gross margin improvedGross margin up on the prior year40.80% → 41.99%
- More efficientAsset turnover rose0.61 → 1.72