Quest Resource Holding Corporation.
QRHC Industrials Waste Management
Quest Resource Holding Corporation.’s revenue for fiscal 2025 (year ended December 2025) was $250.2 million, down 13.3% from fiscal 2024. In the quarter to June 2026, revenue grew 7.61%, EPS fell 533.3%, free cash flow grew 16.1% and total debt fell 14.8%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Quest Resource Holding Corporation. (QRHC) Piotroski F-score
Quest Resource Holding Corporation.'s Piotroski F-score for fiscal 2025 is 3 out of 9: 3 of nine tests of profitability, leverage and efficiency passed, unchanged from fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 3 | 0.00 |
| FY2024 | 3 | (1.00) |
| FY2023 | 4 | 0.00 |
| FY2022 | 4 | (1.00) |
| FY2021 | 5 | (1.00) |
| FY2020 | 6 | 0.00 |
| FY2019 | 6 | 1.00 |
| FY2018 | 5 | 1.00 |
| FY2017 | 4 | 1.00 |
| FY2016 | 3 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (9.58%) | (8.54%) | Fail | 0 |
| Positive operating cash flow | 9.56m | (6.08m) | Pass | 1 |
| Rising return on assets | (9.58%) | (8.54%) | Fail | 0 |
| Cash flow above net income | 24.94m | 8.98m | Pass | 1 |
| Falling long-term leverage | 0.40 | 0.43 | Pass | 1 |
| Rising current ratio | 1.30 | 1.69 | Fail | 0 |
| No new shares issued | 20,998,000 | 20,617,000 | Fail | 0 |
| Rising gross margin | 17.00% | 17.33% | Fail | 0 |
| Rising asset turnover | 1.56 | 1.64 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 3 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| AWX Avalon Holdings Corporation compare | 6 |
| YDDL One and One Green Technologies. Inc compare | 5 |
| AQMS Aqua Metals, Inc. compare | 4 |
| AMBIQ Ambipar Emergency Response compare | 3 |
| GWAV Greenwave Technology Solutions, Inc. compare | 3 |
| LICYQ Li-Cycle Holdings Corp. compare | 3 |
| QRHC Quest Resource Holding Corporation. | 3 |
| LNZA LanzaTech Global, Inc. compare | 3 |
| ENGS Energys Group Limited compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover