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Founded in 2005 in New Zealand and now headquartered in Skokie, Illinois, LanzaTech is a leading provider of carbon management and advanced conversion technologies, focused on transforming waste materials into high-value fuels, chemicals, and critical inputs for industry. Our mission is to drive energy resilience, industrial competitiveness, and supply chain security by leveraging robust, scala…
The business is unprofitable at the operating level (-141.74% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 12.6% YoY with margins expanding 77.9pp.
ROIC dropped from -67.52% to -111.77%, capital efficiency is deteriorating. Negative free cash flow of -$66M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$58M
▲ +12.6% YoY
Net Income (TTM)
-$44M
▲ +64.5% YoY
Op. Margin
-99.20%
▲ +77.9pp YoY
ROIC
-159.88%
▼ -44.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$54M
▲ +29.9% YoY
Op. Cash Flow (TTM)
-$53M
▲ +27.2% YoY
Net Debt
-$4M
Net Cash Position
Cash & Equiv.
$20M
3Y CAGR: +14.4%
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