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Saturday 7 November 2026
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Arq, Inc.
ARQ Industrials Pollution & Treatment Controls
Arq, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $120.3 million, up 10.4% from fiscal 2024.
- Revenue
- +8.94%
- EPS
- +395.5%
- Free cash flow
- +106.4%
- Total debt
- +9.14%
Quarter to September 2026, against a year earlier
2.49
0.09
+3.75%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
4 | 5 | 3 | 6 | 6 | 7 | 2 | 1 | 5 | 3 |
P/E ratio |
2.14 | 7.31 | 5.96 | 5.36 | 0.00 | 1.99 | 0.00 | 0.00 | 0.00 | 0.00 |
P/S ratio |
4.13 | 4.47 | 8.77 | 2.72 | 1.47 | 1.21 | 0.42 | 0.84 | 2.50 | 1.13 |
Altman Z-Score |
3.49 | 14.07 | 1.65 | 2.38 | 0.97 | 3.78 | 2.19 | 1.89 | 3.16 | 1.16 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 3.50 | 2.10 | 5.84 | 0.00 | 0.00 | 25.68 | 0.00 |
Altman Z″-Score (non-manufacturers) |
1.17 | 9.85 | 1.56 | 2.53 | 1.17 | 8.90 | 7.59 | 5.66 | 4.29 | 1.51 |
P/Operating CF |
(75.75) | (76.08) | (37.64) | 13.00 | 5.19 | 92.20 | (6.79) | 18.47 | 52.39 | (49.23) |
Beneish M-Score |
3.34 | (0.76) | 0.71 | (0.49) | (5.55) | (1.67) | — | — | — | — |
P/B ratio |
2.75 | 2.76 | 3.09 | 1.76 | 1.16 | 0.82 | 0.31 | 0.46 | 1.26 | 0.81 |
Price to Tangible BV |
2.75 | 2.79 | 3.33 | 1.83 | 1.19 | 0.83 | 0.31 | 0.47 | 1.26 | 0.81 |
EV/Sales |
3.90 | 4.14 | 11.09 | 3.18 | 1.37 | 0.46 | (0.18) | 0.59 | 2.61 | 1.31 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.37 | 3.24 | 0.00 | 39.28 | 40.39 |
EV/Operating CF |
(10.82) | (15.97) | (26.85) | 3.58 | 1.71 | 1.78 | 3.02 | (3.51) | 27.13 | (57.75) |
EV/FCF |
(10.69) | (15.41) | (25.64) | 4.10 | 1.95 | 2.24 | 1.33 | (1.32) | 26.74 | (13.12) |
Quick Ratio |
1.58 | 5.10 | 0.56 | 0.60 | 0.81 | 3.59 | 2.78 | 1.97 | 0.30 | 0.16 |
Current Ratio |
1.64 | 5.36 | 1.47 | 1.20 | 1.46 | 4.79 | 4.42 | 3.75 | 1.17 | 1.04 |
Net Debt/EBITDA |
2.35 | 9.46 | (9.95) | (5.52) | 0.23 | (5.43) | 10.94 | 10.88 | 1.56 | 5.61 |
Debt/Assets |
0.00% | 0.00% | 46.43% | 25.53% | 16.29% | 2.24% | 2.53% | 8.89% | 8.73% | 12.34% |
Debt/Equity |
0.00 | 0.00 | 1.09 | 0.41 | 0.28 | 0.03 | 0.03 | 0.12 | 0.11 | 0.17 |
Asset Turnover |
0.60 | 0.48 | 0.20 | 0.42 | 0.42 | 0.60 | 0.56 | 0.48 | 0.42 | 0.47 |
Operating CF/Net income |
(0.19) | (0.42) | (0.28) | 1.75 | (2.66) | 0.43 | 0.68 | 1.36 | (2.05) | 0.05 |
Capex/Depreciation |
(0.05) | (0.48) | (0.57) | (0.87) | (0.67) | (0.60) | (1.19) | (2.48) | 0.02 | 0.00 |
Interest Coverage |
(3.18) | (1.37) | (2.98) | (2.08) | (10.45) | 3.26 | (35.92) | (4.42) | (0.60) | (21.62) |
| 381.65% | 37.26% | 50.15% | 40.33% | (20.98%) | 51.96% | (6.21%) | (7.69%) | (2.58%) | (27.31%) | |
| 116.23% | 29.35% | 29.27% | 21.31% | (12.67%) | 36.37% | (4.86%) | (5.88%) | (1.97%) | (20.43%) | |
ROIC |
(20.44%) | (6.05%) | (3.24%) | (6.62%) | (32.77%) | 4.17% | (9.65%) | (5.41%) | (0.54%) | (17.43%) |
Return on Tangible Assets |
613.09% | 91.63% | 57.41% | 68.69% | (41.54%) | 52.11% | (7.65%) | (7.75%) | (2.74%) | (36.36%) |
Average Days of Receivables |
76.30 | 35.08 | 65.30 | 60.81 | 18.71 | 9.03 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
(1.28%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.34% | 3.72% | 6.10% |
Selling, General and Administrative Expense of Revenue |
31.83% | 25.75% | 61.88% | 25.99% | 27.98% | 18.32% | 18.14% | 34.35% | 26.34% | 18.74% |
Intangible Assets out of Total Assets |
0.01 | 0.01 | 0.03 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
5.67% | 4.87% | 10.40% | 2.87% | 3.71% | 1.92% | 1.92% | 2.67% | 2.49% | 2.79% |
Graham Net Nets |
0.04 | 0.14 | (0.15) | (0.10) | 0.01 | 0.58 | 1.48 | 0.35 | (0.05) | (0.14) |
Graham Number |
18.65 | 10.03 | 11.66 | 16.22 | 0.00 | 24.55 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
46.65% | 13.68% | 16.78% | 18.67% | (20.73%) | 50.15% | (20.76%) | (17.54%) | (1.85%) | (38.69%) |
Free Cash Flow Yield |
(8.84%) | (6.00%) | (4.93%) | 28.54% | 47.72% | 17.12% | (31.51%) | (53.25%) | 3.89% | (8.85%) |
Revenue per Share |
2.31 | 2.12 | 1.20 | 3.86 | 3.73 | 5.49 | 5.58 | 3.41 | 3.02 | 2.90 |
Operating CF per Share |
(0.83) | (0.55) | (0.50) | 3.43 | 3.00 | 1.42 | (0.33) | (0.57) | 0.29 | (0.07) |
Capex per Share |
(0.01) | (0.02) | (0.02) | (0.43) | (0.37) | (0.29) | (0.42) | (0.95) | 0.00 | 0.00 |
Free Cash Flow per Share |
(0.84) | (0.57) | (0.52) | 3.00 | 2.62 | 1.13 | (0.74) | (1.52) | 0.29 | (0.07) |
Cash per Share |
1.23 | 1.44 | 0.93 | 0.67 | 1.71 | 4.31 | 3.60 | 1.56 | 0.37 | 0.16 |
Shareholders Equity per Share |
3.47 | 3.44 | 3.41 | 5.97 | 4.72 | 8.07 | 7.59 | 6.13 | 6.03 | 4.05 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
3.47 | 3.44 | 3.41 | 5.97 | 4.72 | 8.07 | 7.59 | 6.13 | 6.03 | 4.05 |
Free Cash Flow |
(18.49) | (12.18) | (10.36) | 54.41 | 47.36 | 20.69 | (13.72) | (44.17) | 10.63 | (2.72) |
Working Capital |
15.20 | 30.01 | 19.06 | 7.74 | 19.45 | 85.75 | 81.78 | 63.41 | 7.70 | 1.56 |
Capital Expenditures |
(0.24) | (0.43) | (0.47) | (7.85) | (6.68) | (5.31) | (7.66) | (27.52) | 0.15 | 0.01 |
Net Current Asset Value |
7.78 | 27.73 | (31.94) | (18.46) | 0.53 | 70.23 | 64.48 | 29.36 | (14.74) | (18.76) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.54 | 1.52 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.00 | 0.01 | 0.02 | 0.11 | 0.10 | 0.05 | 0.07 | 0.28 | 0.00 | 0.00 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 24.91 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
6.31 | 2.19 | 0.02 | 0.21 | 0.34 | 0.29 | 0.18 | 0.12 | 0.05 | 0.40 |
Cash ROIC |
(17.94%) | (11.69%) | (6.45%) | 33.03% | 33.82% | 8.99% | (6.50%) | (18.05%) | 4.16% | (1.34%) |
Accounts Receivable Turnover |
5.34 | 6.07 | 5.54 | 8.78 | 8.91 | 33.80 | 12.60 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
9.84 | 21.84 | 1.73 | 6.92 | 6.34 | 5.39 | 4.94 | 4.38 | 3.90 | 4.78 |
Inventory Turnover |
884.82 | 708.56 | 0.57 | 2.65 | 3.98 | 7.40 | 6.27 | 3.59 | 3.56 | 4.93 |
Average Days of Payables |
17.60 | 11.45 | 363.95 | 59.40 | 56.84 | 91.76 | 73.07 | 79.17 | 110.35 | 64.20 |
Days of Inventory on Hand |
0.15 | 0.85 | 1,271.98 | 114.13 | 71.57 | 43.69 | 80.87 | 106.77 | 101.41 | 66.84 |
Average Receivables |
9.47 | 7.47 | 4.32 | 7.98 | 7.56 | 2.97 | 8.17 | — | — | — |
Average Payables |
4.05 | 1.46 | 3.62 | 7.14 | 7.95 | 12.17 | 16.30 | 15.36 | 17.81 | 18.14 |
Average Inventory |
0.05 | 0.05 | 10.93 | 18.63 | 12.67 | 8.87 | 12.84 | 18.76 | 19.50 | 17.60 |
Average Assets |
84.04 | 94.96 | 121.14 | 166.73 | 160.24 | 166.05 | 183.30 | 208.33 | 259.94 | 257.47 |
Average Common Equity |
25.59 | 74.81 | 70.70 | 88.12 | 96.75 | 116.26 | 143.64 | 159.19 | 197.84 | 192.62 |
Columns are period end dates · fundamentals updated 6 Nov 2026