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Side-by-side financial comparison of Analog Devices (ADI) and 374Water Inc. (SCWO). Click either name above to swap in a different company.

374Water Inc. runs the higher net margin — 495.8% vs 26.3%, a 469.5% gap on every dollar of revenue. On growth, Analog Devices posted the faster year-over-year revenue change (30.4% vs -14299.1%). Over the past eight quarters, 374Water Inc.'s revenue compounded faster (NaN% CAGR vs NaN%).

Analog Devices, Inc. (ADI), also known simply as Analog, is an American multinational semiconductor company specializing in data conversion, signal processing, and power management technology, headquartered in Wilmington, Massachusetts.

374Water Inc. is a cleantech company offering advanced supercritical water oxidation solutions for non-recyclable waste treatment. It serves industrial, municipal and government clients across North America and Europe, processing organic sludge, hazardous industrial waste and contaminated wastewater to cut environmental impact of waste disposal.

ADI vs SCWO — Head-to-Head

Bigger by revenue
ADI
ADI
-1877.3× larger
ADI
$3.2B
$-1.7M
SCWO
Growing faster (revenue YoY)
ADI
ADI
+14329.5% gap
ADI
30.4%
-14299.1%
SCWO
Higher net margin
SCWO
SCWO
469.5% more per $
SCWO
495.8%
26.3%
ADI
Faster 2-yr revenue CAGR
SCWO
SCWO
Annualised
SCWO
NaN%
21.0%
ADI

Income Statement — Q1 2026 vs Q4 2025

Metric
ADI
ADI
SCWO
SCWO
Revenue
$3.2B
$-1.7M
Net Profit
$830.8M
$-8.3M
Gross Margin
64.7%
144.1%
Operating Margin
31.5%
496.8%
Net Margin
26.3%
495.8%
Revenue YoY
30.4%
-14299.1%
Net Profit YoY
112.3%
-74.8%
EPS (diluted)
$1.69
$-1.35

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ADI
ADI
SCWO
SCWO
Q1 26
$3.2B
Q4 25
$3.1B
$-1.7M
Q3 25
$2.9B
$760.4K
Q2 25
$2.6B
$595.0K
Q1 25
$2.4B
$543.1K
Q4 24
$2.4B
$11.9K
Q3 24
$2.3B
$81.5K
Q2 24
$2.2B
$36.8K
Net Profit
ADI
ADI
SCWO
SCWO
Q1 26
$830.8M
Q4 25
$787.7M
$-8.3M
Q3 25
$518.5M
$-4.3M
Q2 25
$569.8M
$-4.6M
Q1 25
$391.3M
$-3.7M
Q4 24
$478.1M
$-4.8M
Q3 24
$392.2M
$-2.7M
Q2 24
$302.2M
$-2.9M
Gross Margin
ADI
ADI
SCWO
SCWO
Q1 26
64.7%
Q4 25
63.1%
144.1%
Q3 25
62.1%
28.0%
Q2 25
61.0%
-46.5%
Q1 25
59.0%
25.5%
Q4 24
58.0%
-5423.8%
Q3 24
56.7%
48.0%
Q2 24
54.7%
-18.3%
Operating Margin
ADI
ADI
SCWO
SCWO
Q1 26
31.5%
Q4 25
30.7%
496.8%
Q3 25
28.4%
-573.5%
Q2 25
25.7%
-779.5%
Q1 25
20.3%
-697.0%
Q4 24
23.3%
-40833.5%
Q3 24
21.2%
-3364.5%
Q2 24
17.9%
-8199.4%
Net Margin
ADI
ADI
SCWO
SCWO
Q1 26
26.3%
Q4 25
25.6%
495.8%
Q3 25
18.0%
-571.9%
Q2 25
21.6%
-769.9%
Q1 25
16.1%
-681.0%
Q4 24
19.6%
-40279.3%
Q3 24
17.0%
-3315.5%
Q2 24
14.0%
-7963.7%
EPS (diluted)
ADI
ADI
SCWO
SCWO
Q1 26
$1.69
Q4 25
$1.60
$-1.35
Q3 25
$1.04
$0.03
Q2 25
$1.14
$-0.03
Q1 25
$0.78
$-0.03
Q4 24
$0.95
$-0.90
Q3 24
$0.79
$0.02
Q2 24
$0.61
$-0.02

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ADI
ADI
SCWO
SCWO
Cash + ST InvestmentsLiquidity on hand
$2.9B
Total DebtLower is stronger
Stockholders' EquityBook value
$33.8B
$6.7M
Total Assets
$48.0B
$11.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADI
ADI
SCWO
SCWO
Q1 26
$2.9B
Q4 25
$3.7B
Q3 25
$2.3B
Q2 25
$2.4B
Q1 25
$2.3B
Q4 24
$2.4B
$10.7M
Q3 24
$2.1B
$2.0M
Q2 24
$2.4B
Stockholders' Equity
ADI
ADI
SCWO
SCWO
Q1 26
$33.8B
Q4 25
$33.8B
$6.7M
Q3 25
$34.1B
$6.5M
Q2 25
$35.0B
$8.9M
Q1 25
$35.1B
$12.6M
Q4 24
$35.2B
$15.5M
Q3 24
$35.2B
$8.5M
Q2 24
$35.2B
$10.7M
Total Assets
ADI
ADI
SCWO
SCWO
Q1 26
$48.0B
Q4 25
$48.0B
$11.4M
Q3 25
$48.2B
$11.4M
Q2 25
$47.3B
$12.4M
Q1 25
$48.0B
$16.0M
Q4 24
$48.2B
$19.2M
Q3 24
$48.6B
$10.1M
Q2 24
$48.9B
$12.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ADI
ADI
SCWO
SCWO
Operating Cash FlowLast quarter
$1.4B
$-4.1M
Free Cash FlowOCF − Capex
$1.3B
FCF MarginFCF / Revenue
39.8%
Capex IntensityCapex / Revenue
3.5%
Cash ConversionOCF / Net Profit
1.65×
TTM Free Cash FlowTrailing 4 quarters
$4.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADI
ADI
SCWO
SCWO
Q1 26
$1.4B
Q4 25
$1.7B
$-4.1M
Q3 25
$1.2B
$-2.6M
Q2 25
$819.5M
$-4.1M
Q1 25
$1.1B
$-3.5M
Q4 24
$1.1B
$-3.1M
Q3 24
$855.0M
$-2.6M
Q2 24
$807.9M
$-2.4M
Free Cash Flow
ADI
ADI
SCWO
SCWO
Q1 26
$1.3B
Q4 25
$1.5B
Q3 25
$1.1B
$-3.0M
Q2 25
$729.2M
Q1 25
$977.8M
$-3.8M
Q4 24
$885.4M
$-3.6M
Q3 24
$701.1M
$-2.6M
Q2 24
$619.7M
$-2.5M
FCF Margin
ADI
ADI
SCWO
SCWO
Q1 26
39.8%
Q4 25
48.3%
Q3 25
37.7%
-399.9%
Q2 25
27.6%
Q1 25
40.4%
-698.2%
Q4 24
36.2%
-30127.7%
Q3 24
30.3%
-3181.5%
Q2 24
28.7%
-6712.2%
Capex Intensity
ADI
ADI
SCWO
SCWO
Q1 26
3.5%
Q4 25
7.0%
Q3 25
2.7%
60.1%
Q2 25
3.4%
Q1 25
6.1%
54.7%
Q4 24
6.8%
4048.1%
Q3 24
6.7%
35.5%
Q2 24
8.7%
125.2%
Cash Conversion
ADI
ADI
SCWO
SCWO
Q1 26
1.65×
Q4 25
2.16×
Q3 25
2.25×
Q2 25
1.44×
Q1 25
2.88×
Q4 24
2.20×
Q3 24
2.18×
Q2 24
2.67×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ADI
ADI

Sales Channel Directly To Consumer$1.4B44%
Automotive$794.4M25%
Communications$476.8M15%
Consumer$399.8M13%
Other$71.3M2%
Sales Channel Other$40.8M1%

SCWO
SCWO

Segment breakdown not available.

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