Arq, Inc. (ARQ) vs LiqTech International, Inc. (LIQT)

Arq, Inc. and LiqTech International, Inc. are both Pollution & Treatment Controls companies. Arq, Inc. is the larger, with a market value of $81.0M against $12.3M — 6.6× the size. Arq, Inc. grew revenue faster over the last twelve months: 4.93% against −0.17%. Arq, Inc. has the higher net margin (−42.1% vs −63.7%) and the higher return on invested capital (−16.7% vs −43.3%). Across the 19 metrics below, Arq, Inc. leads on 11 and LiqTech International, Inc. on 8.

Valuation

Metric ARQ LIQT Pollution & Treatment Controls median
P/E n/m n/m —
P/S 0.61 0.51 2.78
P/B 0.45 0.31 1.98
Price to free cash flow n/m n/m —
EV/EBITDA 19.90 0.93 18.09
EV/Sales 0.85 (0.35) 2.17
Earnings yield (70.15%) (221.05%) (22.91%)
Free cash flow yield (12.48%) (110.28%) (7.86%)

Profitability

Metric ARQ LIQT Pollution & Treatment Controls median
Gross margin 28.80% 9.07% 34.98%
Operating margin (42.84%) (55.87%) (29.01%)
Net margin (42.14%) (63.66%) (31.94%)
Free cash flow margin (0.09%) (56.15%) (12.20%)
Return on equity (27.02%) (49.46%) (38.24%)
Return on assets (20.10%) (28.21%) (26.06%)
Return on invested capital (16.69%) (43.29%) 0.00%

Growth

Metric ARQ LIQT Pollution & Treatment Controls median
Revenue growth (TTM) 4.93% (0.17%) 9.79%
EPS growth (last fiscal year) (807.14%) 45.73% 13.10%
Revenue growth, 5-year CAGR 12.30% (6.03%) 8.56%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ARQ LIQT Pollution & Treatment Controls median
Debt to equity 0.18 0.09 0.03
Current ratio 1.03 4.37 1.90
Net debt to EBITDA 5.61 (0.56) 0.38

Dividend

Metric ARQ LIQT Pollution & Treatment Controls median
Dividend yield — — —
Payout ratio — — —

Size

Metric ARQ LIQT Pollution & Treatment Controls median
Market cap 81.00m 12.26m 44.11m

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