Arq, Inc. (ARQ) vs 374Water Inc. (SCWO)

Arq, Inc. and 374Water Inc. are both Pollution & Treatment Controls companies. Arq, Inc. is the larger, with a market value of $87.8M against $54.8M — 1.6× the size. 374Water Inc. grew revenue faster over the last twelve months: 53.5% against 4.93%. Arq, Inc. has the higher net margin (−42.1% vs −1,056.2%) and the higher return on invested capital (−16.7% vs −297.2%). Across the 18 metrics below, Arq, Inc. leads on 12 and 374Water Inc. on 6.

Valuation

Metric ARQ SCWO Pollution & Treatment Controls median
P/E n/m n/m —
P/S 0.69 28.04 3.64
P/B 0.51 17.75 2.08
Price to free cash flow n/m n/m —
EV/EBITDA 21.73 n/m 17.68
EV/Sales 0.93 28.90 4.26
Earnings yield (62.16%) (40.81%) (18.01%)
Free cash flow yield (11.06%) (21.42%) (5.86%)

Profitability

Metric ARQ SCWO Pollution & Treatment Controls median
Gross margin 28.80% 6.25% 34.73%
Operating margin (42.84%) (1,002.21%) (29.01%)
Net margin (42.14%) (1,056.18%) (31.94%)
Free cash flow margin (0.09%) (595.30%) (12.20%)
Return on equity (27.02%) (335.45%) (38.24%)
Return on assets (20.10%) (157.47%) (26.06%)
Return on invested capital (16.69%) (297.16%) 0.00%

Growth

Metric ARQ SCWO Pollution & Treatment Controls median
Revenue growth (TTM) 4.93% 53.49% 9.79%
EPS growth (last fiscal year) (807.14%) (53.33%) —
Revenue growth, 5-year CAGR 12.30% 19.95% 8.56%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ARQ SCWO Pollution & Treatment Controls median
Debt to equity 0.18 0.93 0.03
Current ratio 1.03 1.67 1.90
Net debt to EBITDA 5.61 0.12 0.30

Dividend

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

Size

Metric ARQ SCWO Pollution & Treatment Controls median
Market cap 87.77m 54.75m 48.08m

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