LanzaTech Global, Inc. (LNZA) intrinsic value & 10-year financials

LanzaTech Global, Inc. (LNZA) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 5 fiscal years revenue grew 14.4% a year to $55.8M, with an average return on invested capital of 39078.0%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$4.62
Market cap
$10.2M
Revenue (FY2025)
$55.8M
Revenue growth (5-yr CAGR)
14.4%
ROIC (10-yr avg)
39078.0%
Free cash flow (FY2025)
-$66.1M

LNZA 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $55.8M -$49.0M -$22.27 -$66.1M -141.7% 156744.6%
FY2024 $49.6M -$137.7M -$0.70 -$94.4M -219.7% -258.1%
FY2023 $62.6M -$134.1M -$0.79 -$105.8M -169.9% -161.0%
FY2022 $37.3M -$1.4M -$0.65 -$11.1M -17.4% -13.4%
FY2021 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

LanzaTech Global, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

LanzaTech Global, Inc. has earned high returns on invested capital, averaging 387.5% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

LanzaTech Global, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, LanzaTech Global, Inc. is modeled at 14.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-715.12 per share.

LNZA stock: frequently asked questions

What is the intrinsic value of LanzaTech Global, Inc. (LNZA) stock?

Graham's formula only works with positive earnings. LanzaTech Global, Inc. reported diluted EPS of -$22.27 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does LanzaTech Global, Inc. generate free cash flow?

LanzaTech Global, Inc. generated -$66.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 4 reported years.

What is LNZA's return on invested capital?

Average ROIC over the last 5 fiscal years was 39078.0%, and average return on equity was -369.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this LNZA data come from?

From LanzaTech Global, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 14, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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