One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
LanzaTech Global, Inc.
LNZA · NCM · Industrials · Waste Management
Current price
$6.01
52-week range
$5.02 - $44.00
Market cap
$78.73M
Balance sheet
Healthy
-11,308.00x Concerning
Net cash $16.18M. Interest coverage shows how many times profit covers the interest bill.
What stands out
2 Rewards
0 Risks
2 rewards · 0 risks
View details ↓What this company does
LanzaTech Global, Inc.
LanzaTech uses a special process with tiny organisms to capture carbon pollution from factories and turn it into useful things like sustainable jet fuel and materials for clothing. The company makes money primarily by licensing (letting other companies pay to use their process) this technology and by selling the resulting eco-friendly products. This is important because it offers a way for major industries to recycle their carbon waste instead of releasing it into the atmosphere.
How the company got here
Founded in 2005, LanzaTech started with the goal of creating a new way to make fuel without impacting food supplies or land. The company developed a unique process that uses bacteria to turn harmful carbon pollution from places like steel mills into useful products. A key moment was partnering with major industrial companies, which helped them build and test their technology on a large scale. Over the years, they have secured over 1,000 patents for their innovations in converting waste carbon into valuable materials.
What it actually does
Think of LanzaTech as a carbon recycling company. It captures waste carbon gases from industrial sites, like steel factories or landfills, before they pollute the air. Using a process similar to brewing beer, the company uses special bacteria to ferment these gases and turn them into ethanol, a type of alcohol. This ethanol, which they brand as CarbonSmart, then becomes a building block for all sorts of everyday items, including jet fuel, cleaning products, packaging, and even clothing.
Technology Licensing & Services
A primary way LanzaTech earns money is by licensing (renting out) its core technology to large industrial companies. These customers pay to use LanzaTech's patented process to capture their own carbon waste and turn it into valuable products. The company also provides related services, such as studies to see if a project is financially viable (techno-economic feasibility studies) and engineering designs for the production plants. This segment represents a significant portion of the company's revenue.
Research & Development Services
LanzaTech also gets paid for its scientific expertise through research and development contracts. Government agencies and other companies hire LanzaTech to conduct biotechnology research. This often involves developing new biocatalysts (specialized microbes) or finding ways to create new types of chemicals from waste carbon. These projects help expand the possibilities of their technology platform while generating income.
CarbonSmart Products
The company directly sells the ethanol it produces from recycled carbon. This ethanol is used as an ingredient in a variety of consumer goods, from household cleaners to fragrances. They also create and sell byproducts from their fermentation process, such as protein-rich materials that can be used in animal feed or fertilizers. This part of the business demonstrates the real-world application of their technology by creating tangible, more sustainable products.
What management is betting on now
Management is focused on shifting the company from a research-heavy organization to a profitable business that deploys its proven technology globally. A major priority is the production of Sustainable Aviation Fuel (SAF), a low-carbon alternative to traditional jet fuel, through its partnership with LanzaJet. They are also concentrating on high-impact commercial projects and streamlining their operations to reduce costs. The strategy involves spinning out certain technologies to allow them to grow independently while the core business focuses on its main biorefining operations.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$-26.73M
FY2024 Q4
$-21.43M
FY2025 Q1
$-21.81M
FY2025 Q2
$-21.88M
FY2025 Q3
$-16.05M
FY2025 Q4
$-6.37M
FY2026 Q1
$-9.32M
FY2026 Q2
$-2.06M
Revenue
$9.01M
Net income
$184.31M
Diluted EPS
15.81
Operating cash flow
$-1.39M
Free cash flow
$-2.06M
Fetching…
Sources
Revenue
$12.02M
Net income
$-14.68M
Diluted EPS
-1.77
Operating cash flow
$-9.27M
Free cash flow
$-9.32M
Fetching…
Sources
Revenue
$28.00M
Net income
$-84.00K
Diluted EPS
-23.01
Operating cash flow
$-6.16M
Free cash flow
$-6.37M
Fetching…
Sources
Revenue
$9.28M
Net income
$2.86M
Diluted EPS
0.99
Operating cash flow
$-15.88M
Free cash flow
$-16.05M
Fetching…
Sources
Revenue
$9.08M
Net income
$-32.50M
Diluted EPS
-0.15
Operating cash flow
$-21.71M
Free cash flow
$-21.88M
Fetching…
Sources
Revenue
$9.48M
Net income
$-19.23M
Diluted EPS
-0.10
Operating cash flow
$-21.10M
Free cash flow
$-21.81M
Fetching…
Sources
Revenue
$12.03M
Net income
$-26.99M
Diluted EPS
-0.14
Operating cash flow
$-19.68M
Free cash flow
$-21.43M
Fetching…
Sources
Revenue
$9.94M
Net income
$-57.43M
Diluted EPS
-0.29
Operating cash flow
$-26.44M
Free cash flow
$-26.73M
Fetching…
Sources
Is it cheap or expensive?
Fair value — vs current price $6.01
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $16.2M - more cash than debt. Interest coverage -11308.0x.
Net debt
$-16.18M
Interest coverage
-11,308.00x
LanzaTech Global, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 3 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
LNZA
BASELINE
LanzaTech Global, Inc.
Total debt $28.80M Interest coverage -11,308.00x This is the baseline the peer rows are being compared against.
Total debt $552.13M Interest coverage -0.68x Neither company has much profit cushion over interest right now.
Total debt $72.59M Interest coverage -7.96x Neither company has much profit cushion over interest right now.
Total debt $170.70M Interest coverage -1.07x Neither company has much profit cushion over interest right now.
What you should know
The case for and against LNZA
2 Rewards
0 Risks
Rewards
-
Revenue grew 4.4% last year.
-
Returns 138.7% on equity, ahead of 75% of its peers.
Risks
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
0.31x
Forward P/E
-17.69x
P/B
0.30x
P/S
1.35x
EV/EBITDA
-2.02x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
44.6%
Operating margin
-109.5%
Net margin
295.7%
ROE
138.7%
ROA
-10.1%
Health
Liquidity and balance-sheet strength
Debt / equity
0.11x
Current ratio
2.48x
Quick ratio
2.05x
Total debt
$28.80M
Total cash
$44.98M
Growth
How the business has been compounding
Revenue TTM
$58.31M
Revenue 5Y CAGR
-5.6%
EPS TTM
19.67
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-32.70M
Free CF TTM
$-66.11M
FCF margin
-113.4%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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