Arq, Inc. (ARQ) vs PureCycle Technologies, Inc. (PCT)

Arq, Inc. and PureCycle Technologies, Inc. are both Pollution & Treatment Controls companies. PureCycle Technologies, Inc. is the larger, with a market value of $998.5M against $87.8M — 11.4× the size. Arq, Inc. has the higher net margin (−42.1% vs −1,775.6%) and the higher return on invested capital (−16.7% vs −19.3%). Across the 16 metrics below, Arq, Inc. leads on 12 and PureCycle Technologies, Inc. on 4.

Valuation

Metric ARQ PCT Pollution & Treatment Controls median
P/E n/m n/m —
P/S 0.69 67.20 3.64
P/B 0.51 59.66 2.08
Price to free cash flow n/m n/m —
EV/EBITDA 21.73 n/m 17.68
EV/Sales 0.93 85.91 4.26
Earnings yield (62.16%) (26.69%) (18.01%)
Free cash flow yield (11.06%) (22.95%) (5.86%)

Profitability

Metric ARQ PCT Pollution & Treatment Controls median
Gross margin 28.80% (782.77%) 34.73%
Operating margin (42.84%) (1,316.81%) (29.01%)
Net margin (42.14%) (1,775.62%) (31.94%)
Free cash flow margin (0.09%) (1,542.05%) (12.20%)
Return on equity (27.02%) (427.37%) (38.24%)
Return on assets (20.10%) (23.90%) (26.06%)
Return on invested capital (16.69%) (19.25%) 0.00%

Growth

Metric ARQ PCT Pollution & Treatment Controls median
Revenue growth (TTM) 4.93% — 9.79%
EPS growth (last fiscal year) (807.14%) 30.86% —
Revenue growth, 5-year CAGR 12.30% — 8.56%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ARQ PCT Pollution & Treatment Controls median
Debt to equity 0.18 1.47 0.03
Current ratio 1.03 2.60 1.90
Net debt to EBITDA 5.61 (1.70) 0.30

Dividend

Metric ARQ PCT Pollution & Treatment Controls median
Dividend yield — — —
Payout ratio 0.00 0.00 0.00

Size

Metric ARQ PCT Pollution & Treatment Controls median
Market cap 87.77m 998.50m 48.08m

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