| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | 3 | — | — | — | 4 | — | — | — | — | — | 3 |
| Sell | — | — | — | — | — | — | — | 1 | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2022 | ‡‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | 0.25 |
—
|
| 2019 | 1.00 |
—
—
—
—
|
| 2018 | 1.00 |
—
—
—
—
|
| 2017 | 0.75 |
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 45.36 | 13.52 | 6.57 | 0.91 |
| Receivables | — | — | — | 20.03 |
| Inventory | 19.69 | 19.31 | 15.90 | 19.41 |
| Other | — | — | — | — |
| 86.46 | 52.36 | 43.85 | 47.24 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 14.60 | 21.02 | 15.27 | 15.41 |
| ST’ Debt | 2.65 | 15.45 | 20.01 | 22.51 |
| Other | 5.79 | 8.18 | 7.02 | 8.07 |
| 23.05 | 44.65 | 42.30 | 45.99 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 29.05 | 29.88 | — | — |
—
|
| ’25 | 27.25 | 28.58 | 35.07 | 29.43 |
120.34
|
| ’24 | 21.74 | 25.41 | 34.77 | 27.04 |
108.96
|
| ’23 | 20.81 | 20.45 | 29.83 | 28.10 |
99.18
|
| ’22 | 26.40 | 24.74 | 28.44 | 23.41 |
102.99
|
| ’21 | 22.61 | 21.07 | 30.86 | 25.76 |
100.29
|
| ’20 | 12.26 | 11.48 | 19.47 | 24.15 |
67.36
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.06 | (2.72) | — | — |
—
|
| ’25 | (5.80) | 0.53 | 5.30 | (2.76) |
(2.73)
|
| ’24 | 0.53 | (2.95) | 7.69 | 5.21 |
10.48
|
| ’23 | (17.70) | (3.45) | 0.01 | 4.49 |
(16.65)
|
| ’22 | 2.09 | (0.34) | (1.41) | (6.41) |
(6.06)
|
| ’21 | 21.95 | (3.80) | 6.54 | 1.31 |
26.00
|
| ’20 | 13.24 | 10.85 | 10.83 | 19.13 |
54.05
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.06 | (2.72) | — | — |
—
|
| ’25 | (9.51) | (5.06) | 5.01 | (2.46) |
(2.72)
|
| ’24 | (9.07) | (22.12) | 36.44 | 5.38 |
10.63
|
| ’23 | (21.25) | (10.29) | (6.61) | (6.02) |
(44.17)
|
| ’22 | 0.74 | (0.66) | (4.66) | (9.14) |
(13.72)
|
| ’21 | 21.47 | (7.00) | 5.71 | 0.51 |
20.69
|
| ’20 | 11.95 | 7.95 | 10.14 | 17.32 |
47.36
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.02) | (0.02) | — | — |
—
|
| ’25 | 0.00 | (0.05) | (0.02) | (1.20) |
(1.27)
|
| ’24 | (0.09) | (0.06) | 0.04 | (0.03) |
(0.14)
|
| ’23 | (0.32) | (0.21) | (0.07) | 0.10 |
(0.42)
|
| ’22 | (0.17) | (0.02) | (0.13) | (0.17) |
(0.48)
|
| ’21 | 0.75 | 0.90 | 1.31 | 0.31 |
3.27
|
| ’20 | (0.11) | (1.32) | 0.27 | 0.02 |
(1.12)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡ | ‡‡‡‡ | ‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ | 2.11 | 1.17 | 2.50 | 3.18 | — | — | — |
Low Price
|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 7.25 | 3.78 | 8.26 | 7.89 | — | — | — |
High Price
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 147 | 173 | 203 | 205 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.70 | 0.57 | 0.54 | 0.59 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 102.99 | 99.18 | 108.96 | 120.34 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 21.87% | 32.12% | 36.20% | 27.87% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (8.71) | (12.10) | (5.27) | (52.60) | ‡‡‡‡‡ | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (8.46%) | (12.20%) | (4.84%) | (43.71%) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (8.92) | (12.25) | (5.11) | (52.61) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.42 | 11.09 | 9.20 | 56.86 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.58 | 3.41 | 3.02 | 2.90 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | (0.48) | (0.42) | (0.14) | (1.27) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.33) | (0.57) | 0.29 | (0.07) | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.42) | (0.95) | 0.00 | 0.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.74) | (1.52) | 0.29 | (0.07) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.59 | 6.13 | 6.03 | 4.05 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 18.45 | 29.10 | 36.05 | 41.52 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.42 | 0.84 | 2.50 | 1.13 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.31 | 0.46 | 1.26 | 0.81 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.18) | 0.59 | 2.61 | 1.31 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.33 | (1.32) | 26.74 | (13.12) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (6.06) | (16.65) | 10.48 | (2.73) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (7.66) | (27.52) | 0.15 | 0.01 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (13.72) | (44.17) | 10.63 | (2.72) | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 81.78 | 63.41 | 7.70 | 1.56 | — | — | — |
Working Cap'
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.58 | 20.93 | 24.82 | 28.47 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (61.85) | (24.43) | 11.31 | 21.89 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 139.98 | 178.40 | 217.28 | 167.96 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (4.86%) | (5.88%) | (1.97%) | (20.43%) | ‡‡‡‡‡ | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (9.65%) | (5.41%) | (0.54%) | (17.43%) | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (6.21%) | (7.69%) | (2.58%) | (27.31%) | ‡‡‡‡‡ | — | — |
ROE
|
Arq, Inc. (ARQ) is riding a wave of exciting growth in the activated carbon space, transforming coal fines into high-demand purification solutions for water treatment and air filtration amid booming environmental regulations like PFAS removal. Revenue has climbed steadily at a 10% CAGR to $109 million in 2024, with gross margins surging 44% to 36.2%, and analysts forecast an acceleration—10% in 2025, 15% in 2026, and 21% in 2027—potentially doubling sales while profitability flips positive, with net income swinging to $8.1 million by 2027.
Despite recent losses tied to massive capex investments (up 1,500% to $85 million in 2024) for capacity expansion, green shoots abound: improving operating cash flow, insider buying frenzy (over $1 million in 2025 purchases by CEO and directors), and a resilient balance sheet with equity up 155%. Valuations look screamingly cheap at 2.5x P/S and forward 19x P/E, especially with shares near lows decoupling from margin gains.
Analyst targets signal 95-123% upside, betting on execution in the green transition tailwind—this volatile turnaround play could deliver explosive returns if projections hold. Dive into the full analysis for the charts, correlations, and risks that make ARQ a disruptive gem worth watching.
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