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Stock Comparison

ARQ vs CLNE

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
ARQ
Arq, Inc.

Industrial - Pollution & Treatment Controls

IndustrialsNASDAQ • US
Market Cap$111M
5Y Perf.-48.6%
CLNE
Clean Energy Fuels Corp.

Oil & Gas Refining & Marketing

EnergyNASDAQ • US
Market Cap$507M
5Y Perf.+10.5%

ARQ vs CLNE — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
ARQ logoARQ
CLNE logoCLNE
IndustryIndustrial - Pollution & Treatment ControlsOil & Gas Refining & Marketing
Market Cap$111M$507M
Revenue (TTM)$122M$439M
Net Income (TTM)$-54M$-99M
Gross Margin27.5%11.7%
Operating Margin-8.1%7.4%
Total Debt$37M$99M
Cash & Equiv.$7M$158M

ARQ vs CLNELong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

ARQ
CLNE
StockMay 20May 26Return
Arq, Inc. (ARQ)10051.4-48.6%
Clean Energy Fuels … (CLNE)100110.5+10.5%

Price return only. Dividends and distributions are not included.

Quick Verdict: ARQ vs CLNE

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: CLNE leads in 4 of 6 categories, making it the strongest pick for profitability and margin quality and capital preservation and lower volatility. Arq, Inc. is the stronger pick specifically for growth and revenue expansion. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
ARQ
Arq, Inc.
The Growth Play

ARQ is the clearest fit if your priority is growth exposure.

  • Rev growth 10.4%, EPS growth -8.1%, 3Y rev CAGR 5.3%
  • 10.4% revenue growth vs CLNE's 2.2%
Best for: growth exposure
CLNE
Clean Energy Fuels Corp.
The Income Pick

CLNE carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.

  • beta 1.19
  • -26.9% 10Y total return vs ARQ's -27.4%
  • Lower volatility, beta 1.19, Low D/E 17.5%, current ratio 2.32x
Best for: income & stability and long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthARQ logoARQ10.4% revenue growth vs CLNE's 2.2%
Quality / MarginsCLNE logoCLNE-22.7% margin vs ARQ's -43.9%
Stability / SafetyCLNE logoCLNEBeta 1.19 vs ARQ's 1.78, lower leverage
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)CLNE logoCLNE+44.4% vs ARQ's -29.8%
Efficiency (ROA)CLNE logoCLNE-9.2% ROA vs ARQ's -20.9%, ROIC -9.4% vs -2.8%

ARQ vs CLNE — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

ARQArq, Inc.

Segment breakdown not available.

CLNEClean Energy Fuels Corp.
FY 2025
Product
77.0%$365M
Service
12.5%$59M
Station construction sales
7.2%$34M
LCFS Credits
2.7%$13M
Other services
0.6%$3M
Federal Alternative Fuels Tax Credit
0.0%$198,000

ARQ vs CLNE — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLCLNELAGGINGARQ

Income & Cash Flow (Last 12 Months)

CLNE leads this category, winning 4 of 5 comparable metrics.

CLNE is the larger business by revenue, generating $439M annually — 3.6x ARQ's $122M. CLNE is the more profitable business, keeping -22.7% of every revenue dollar as net income compared to ARQ's -43.9%. On growth, CLNE holds the edge at +13.3% YoY revenue growth, suggesting stronger near-term business momentum.

MetricARQ logoARQArq, Inc.CLNE logoCLNEClean Energy Fuel…
RevenueTrailing 12 months$122M$439M
EBITDAEarnings before interest/tax$2M$62M
Net IncomeAfter-tax profit-$54M-$99M
Free Cash FlowCash after capex-$2M$19M
Gross MarginGross profit ÷ Revenue+27.5%+11.7%
Operating MarginEBIT ÷ Revenue-8.1%+7.4%
Net MarginNet income ÷ Revenue-43.9%-22.7%
FCF MarginFCF ÷ Revenue-1.7%+4.3%
Rev. Growth (YoY)Latest quarter vs prior year+6.6%+13.3%
EPS Growth (YoY)Latest quarter vs prior year+90.0%
CLNE leads this category, winning 4 of 5 comparable metrics.

Valuation Metrics

ARQ leads this category, winning 3 of 4 comparable metrics.

On an enterprise value basis, ARQ's 39.0x EV/EBITDA is more attractive than CLNE's 94.6x.

MetricARQ logoARQArq, Inc.CLNE logoCLNEClean Energy Fuel…
Market CapShares × price$111M$507M
Enterprise ValueMkt cap + debt − cash$142M$448M
Trailing P/EPrice ÷ TTM EPS-2.04x-2.29x
Forward P/EPrice ÷ next-FY EPS est.
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple38.96x94.64x
Price / SalesMarket cap ÷ Revenue0.92x1.19x
Price / BookPrice ÷ Book value/share0.64x0.90x
Price / FCFMarket cap ÷ FCF8.47x
ARQ leads this category, winning 3 of 4 comparable metrics.

Profitability & Efficiency

CLNE leads this category, winning 6 of 9 comparable metrics.

CLNE delivers a -17.2% return on equity — every $100 of shareholder capital generates $-17 in annual profit, vs $-28 for ARQ. CLNE carries lower financial leverage with a 0.18x debt-to-equity ratio, signaling a more conservative balance sheet compared to ARQ's 0.22x. On the Piotroski fundamental quality scale (0–9), CLNE scores 5/9 vs ARQ's 2/9, reflecting solid financial health.

MetricARQ logoARQArq, Inc.CLNE logoCLNEClean Energy Fuel…
ROE (TTM)Return on equity-27.9%-17.2%
ROA (TTM)Return on assets-20.9%-9.2%
ROICReturn on invested capital-2.8%-9.4%
ROCEReturn on capital employed-3.8%-9.4%
Piotroski ScoreFundamental quality 0–925
Debt / EquityFinancial leverage0.22x0.18x
Net DebtTotal debt minus cash$31M-$59M
Cash & Equiv.Liquid assets$7M$158M
Total DebtShort + long-term debt$37M$99M
Interest CoverageEBIT ÷ Interest expense-50.07x-1.07x
CLNE leads this category, winning 6 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

Evenly matched — ARQ and CLNE each lead in 3 of 6 comparable metrics.

A $10,000 investment in ARQ five years ago would be worth $5,534 today (with dividends reinvested), compared to $2,619 for CLNE. Over the past 12 months, CLNE leads with a +44.4% total return vs ARQ's -29.8%. The 3-year compound annual growth rate (CAGR) favors ARQ at 9.7% vs CLNE's -18.7% — a key indicator of consistent wealth creation.

MetricARQ logoARQArq, Inc.CLNE logoCLNEClean Energy Fuel…
YTD ReturnYear-to-date-22.2%+6.9%
1-Year ReturnPast 12 months-29.8%+44.4%
3-Year ReturnCumulative with dividends+32.1%-46.3%
5-Year ReturnCumulative with dividends-44.7%-73.8%
10-Year ReturnCumulative with dividends-27.4%-26.9%
CAGR (3Y)Annualised 3-year return+9.7%-18.7%
Evenly matched — ARQ and CLNE each lead in 3 of 6 comparable metrics.

Risk & Volatility

CLNE leads this category, winning 2 of 2 comparable metrics.

CLNE is the less volatile stock with a 1.19 beta — it tends to amplify market swings less than ARQ's 1.78 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CLNE currently trades 74.3% from its 52-week high vs ARQ's 32.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricARQ logoARQArq, Inc.CLNE logoCLNEClean Energy Fuel…
Beta (5Y)Sensitivity to S&P 5001.78x1.19x
52-Week HighHighest price in past year$7.89$3.11
52-Week LowLowest price in past year$1.54$1.56
% of 52W HighCurrent price vs 52-week peak+32.8%+74.3%
RSI (14)Momentum oscillator 0–10048.044.6
Avg Volume (50D)Average daily shares traded946K1.3M
CLNE leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Wall Street rates ARQ as "Buy" and CLNE as "Buy". Consensus price targets imply 189.6% upside for ARQ (target: $8) vs 51.5% for CLNE (target: $4).

MetricARQ logoARQArq, Inc.CLNE logoCLNEClean Energy Fuel…
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$7.50$3.50
# AnalystsCovering analysts422
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises0
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap+0.1%+1.6%
Insufficient data to determine a leader in this category.
Key Takeaway

CLNE leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). ARQ leads in 1 (Valuation Metrics). 1 tied.

Best OverallClean Energy Fuels Corp. (CLNE)Leads 3 of 6 categories
Loading custom metrics...

ARQ vs CLNE: Frequently Asked Questions

8 questions · data-driven answers · updated daily

01

Is ARQ or CLNE a better buy right now?

For growth investors, Arq, Inc.

(ARQ) is the stronger pick with 10. 4% revenue growth year-over-year, versus 2. 2% for Clean Energy Fuels Corp. (CLNE). Analysts rate Arq, Inc. (ARQ) a "Buy" — based on 4 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which is the better long-term investment — ARQ or CLNE?

Over the past 5 years, Arq, Inc.

(ARQ) delivered a total return of -44. 7%, compared to -73. 8% for Clean Energy Fuels Corp. (CLNE). Over 10 years, the gap is even starker: CLNE returned -26. 9% versus ARQ's -27. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

03

Which is safer — ARQ or CLNE?

By beta (market sensitivity over 5 years), Clean Energy Fuels Corp.

(CLNE) is the lower-risk stock at 1. 19β versus Arq, Inc. 's 1. 78β — meaning ARQ is approximately 49% more volatile than CLNE relative to the S&P 500. On balance sheet safety, Clean Energy Fuels Corp. (CLNE) carries a lower debt/equity ratio of 18% versus 22% for Arq, Inc. — giving it more financial flexibility in a downturn.

04

Which is growing faster — ARQ or CLNE?

By revenue growth (latest reported year), Arq, Inc.

(ARQ) is pulling ahead at 10. 4% versus 2. 2% for Clean Energy Fuels Corp. (CLNE). On earnings-per-share growth, the picture is similar: Clean Energy Fuels Corp. grew EPS -173. 0% year-over-year, compared to -807. 1% for Arq, Inc.. Over a 3-year CAGR, ARQ leads at 5. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

05

Which has better profit margins — ARQ or CLNE?

Arq, Inc.

(ARQ) is the more profitable company, earning -43. 7% net margin versus -52. 3% for Clean Energy Fuels Corp. — meaning it keeps -43. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ARQ leads at -6. 7% versus -22. 1% for CLNE. At the gross margin level — before operating expenses — ARQ leads at 27. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

06

Which pays a better dividend — ARQ or CLNE?

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

07

Is ARQ or CLNE better for a retirement portfolio?

For long-horizon retirement investors, Clean Energy Fuels Corp.

(CLNE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 19)). Arq, Inc. (ARQ) carries a higher beta of 1. 78 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (CLNE: -26. 9%, ARQ: -27. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

08

What are the main differences between ARQ and CLNE?

These companies operate in different sectors (ARQ (Industrials) and CLNE (Energy)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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ARQ

Quality Business

  • Sector: Industrials
  • Market Cap > $100B
  • Revenue Growth > 5%
  • Gross Margin > 16%
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CLNE

Quality Business

  • Sector: Energy
  • Market Cap > $100B
  • Revenue Growth > 6%
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(ARQ: 6.6% · CLNE: 13.3%)

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