Arq, Inc. (ARQ) vs Zone Frontier Inc. (ZONE)

Arq, Inc. and Zone Frontier Inc. are both Pollution & Treatment Controls companies. Arq, Inc. is the larger, with a market value of $87.8M against $30.5M — 2.9× the size. Zone Frontier Inc. grew revenue faster over the last twelve months: 80.7% against 4.93%. Arq, Inc. has the higher net margin (−42.1% vs −4,664.5%) and the higher return on invested capital (−16.7% vs −74.8%). Across the 17 metrics below, Arq, Inc. leads on 10 and Zone Frontier Inc. on 7.

Valuation

Metric ARQ ZONE Pollution & Treatment Controls median
P/E n/m n/m —
P/S 0.69 8.23 3.64
P/B 0.51 0.47 2.08
Price to free cash flow n/m n/m —
EV/EBITDA 21.73 n/m 17.68
EV/Sales 0.93 4.37 4.26
Earnings yield (62.16%) (1,230.77%) (18.01%)
Free cash flow yield (11.06%) (53.32%) (5.86%)

Profitability

Metric ARQ ZONE Pollution & Treatment Controls median
Gross margin 28.80% 37.31% 34.73%
Operating margin (42.84%) (1,519.70%) (29.01%)
Net margin (42.14%) (4,664.52%) (31.94%)
Free cash flow margin (0.09%) (439.09%) (12.20%)
Return on equity (27.02%) (513.26%) (38.24%)
Return on assets (20.10%) (431.22%) (26.06%)
Return on invested capital (16.69%) (74.83%) 0.00%

Growth

Metric ARQ ZONE Pollution & Treatment Controls median
Revenue growth (TTM) 4.93% 80.71% 9.79%
EPS growth (last fiscal year) (807.14%) (61.22%) —
Revenue growth, 5-year CAGR 12.30% — 8.56%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric ARQ ZONE Pollution & Treatment Controls median
Debt to equity 0.18 0.00 0.03
Current ratio 1.03 2.94 1.90
Net debt to EBITDA 5.61 (0.41) 0.30

Dividend

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

Size

Metric ARQ ZONE Pollution & Treatment Controls median
Market cap 87.77m 30.54m 48.08m

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