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Innio N.V. vs 374Water: INIO and SCWO compared
Innio N.V. is the larger company: $1.2B of revenue in its latest quarter (Q3 2026) against $2.3M for 374Water (Q2 2026). 374Water is growing faster (+280% against +57% a year earlier). Innio N.V. is more profitable, with an operating margin of 16.6% against -71.7%.
Where the money goes: INIO and SCWO
Innio N.V. (INIO) · Q3 2026
Innio N.V., Q3 2026: revenue $1.2B (+57% year over year), operating margin 16.6%, net earnings $111M, operating cash flow $298M. The chart follows the revenue to costs, profit and cash.
374Water (SCWO) · Q2 2026
374Water, Q2 2026: revenue $2.3M (+280% year over year), operating margin -71.7%, net loss $2.7M, operating cash flow $211K. The chart follows the revenue to costs, profit and cash.
| Innio N.V. (INIO) | 374Water (SCWO) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $1.2B | $2.3M |
| Revenue growth, Y/Y | +57% | +280% |
| Gross margin | 31.5% | — |
| Operating margin | 16.6% | -71.7% |
| Net earnings | $111M | −$2.7M |
| Net margin | 9.5% | -119.2% |
| Operating cash flow | $298M | $211K |
| Free cash flow | $205M | — |
Where the revenue comes from
Innio N.V.
- Equipment: $778M (67%)
- Service: $390M (33%)
Questions
Which is bigger, Innio N.V. or 374Water?
Innio N.V. is the larger company: $1.2B of revenue in its latest quarter (Q3 2026) against $2.3M for 374Water (Q2 2026).
Is Innio N.V. or 374Water growing faster?
374Water is growing faster (+280% against +57% a year earlier).
Which is more profitable, Innio N.V. or 374Water?
Innio N.V. is more profitable, with an operating margin of 16.6% against -71.7%.
More: Innio N.V. earnings · how Innio N.V. makes money · 374Water earnings · how 374Water makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 27, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.