Arq, Inc. (ARQ) Financial Ratios
10 years of historical data (2016–2025) · Industrials · Industrial - Pollution & Treatment Controls
EV/EBITDA
↑
38.85
↑+24% vs avg
5yr avg: 31.42
30Y Low4.2·High45.8
P/FCF
N/A
—
5yr avg: 6.17
30Y Low2.1·High10.4
P/B Ratio
↓
0.64
↓-14% vs avg
5yr avg: 0.74
30Y Low0.3·High3.1
ROE
↓
-27.3%
↑-1774% vs avg
5yr avg: 1.6%
30Y Low-27%·High127%
Debt/EBITDA
↑
10.27
↑+89% vs avg
5yr avg: 5.42
30Y Low0.8·High38.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ARQ Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Arq, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $111M | $136M | $273M | $87M | $45M | $122M | $99M | $193M | $211M | $207M | $205M |
| Enterprise Value | $141M | $167M | $294M | $73M | $-9153210 | $54M | $100M | $230M | $267M | $176M | $178M |
| P/E Ratio → | -2.03 | — | — | — | — | 2.02 | — | 5.44 | 5.99 | 7.49 | 2.13 |
| P/S Ratio | 0.92 | 1.13 | 2.50 | 0.87 | 0.44 | 1.22 | 1.47 | 2.75 | 8.83 | 4.56 | 4.06 |
| P/B Ratio | 0.64 | 0.81 | 1.26 | 0.49 | 0.32 | 0.83 | 1.16 | 1.78 | 3.11 | 2.82 | 2.70 |
| P/FCF | — | — | — | — | — | 6.17 | 2.10 | 3.55 | 5.74 | 5.64 | 10.43 |
| P/OCF | — | — | 26.05 | — | — | 4.70 | 1.84 | 3.10 | 5.67 | 5.57 | 10.28 |
P/E links to full P/E history page with 30-year chart
ARQ EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Arq, Inc.'s enterprise value stands at 38.8x EBITDA, 24% above its 5-year average of 31.4x. The Industrials sector median is 13.8x, placing the stock at a 181% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.38 | 2.70 | 0.74 | -0.09 | 0.54 | 1.49 | 3.29 | 11.15 | 3.88 | 3.53 |
| EV / EBITDA | 38.85 | 45.76 | 44.27 | — | — | 4.22 | — | — | 136.73 | — | — |
| EV / EBIT | — | — | — | — | — | 0.70 | — | 4.21 | 5.56 | 3.20 | 4.27 |
| EV / FCF | — | — | — | — | — | 2.73 | 2.12 | 4.23 | 7.25 | 4.80 | 9.06 |
ARQ Profitability
Margins and return-on-capital ratios measuring operating efficiency
Arq, Inc. earns an operating margin of -6.7%, below the Industrials sector average of 4.3%. Operating margins have expanded from -13.4% to -6.7% over the past 3 years, signaling improving operational efficiency. A negative ROE of -27.3% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.9% | 27.9% | 36.2% | 32.1% | 21.9% | 34.6% | 25.2% | 29.5% | 70.9% | 28.0% | -1.0% |
| Operating Margin | -6.7% | -6.7% | -1.8% | -13.4% | -11.7% | 4.8% | -60.8% | -21.2% | 5.1% | -9.1% | -26.2% |
| Net Profit Margin | -43.7% | -43.7% | -4.7% | -12.3% | -8.7% | 60.2% | -30.1% | 50.7% | 147.6% | 61.1% | 190.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -27.3% | -27.3% | -2.6% | -7.7% | -6.2% | 52.0% | -21.0% | 40.3% | 50.0% | 37.0% | 126.8% |
| ROA | -20.4% | -20.4% | -2.0% | -5.9% | -4.9% | 36.4% | -12.7% | 20.8% | 28.2% | 29.1% | 89.8% |
| ROIC | -2.8% | -2.8% | -0.7% | -8.0% | -11.0% | 4.4% | -26.5% | -8.3% | 1.1% | -6.8% | -20.2% |
| ROCE | -3.8% | -3.8% | -0.9% | -7.2% | -7.5% | 3.6% | -34.3% | -11.4% | 1.2% | -5.2% | -15.8% |
ARQ Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Arq, Inc. carries a Debt/EBITDA ratio of 10.3x, which is highly leveraged (220% above the sector average of 3.2x). Net debt stands at $31M ($37M total debt minus $7M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.22 | 0.22 | 0.16 | 0.18 | 0.09 | 0.07 | 0.32 | 0.46 | 1.09 | — | — |
| Debt / EBITDA | 10.27 | 10.27 | 5.18 | — | — | 0.82 | — | — | 37.97 | — | — |
| Net Debt / Equity | — | 0.18 | 0.10 | -0.08 | -0.39 | -0.46 | 0.01 | 0.35 | 0.82 | -0.42 | -0.35 |
| Net Debt / EBITDA | 8.46 | 8.46 | 3.14 | — | — | -5.34 | — | — | 28.46 | — | — |
| Debt / FCF | — | — | — | — | — | -3.45 | 0.02 | 0.69 | 1.51 | -0.84 | -1.37 |
| Interest Coverage | -20.48 | -20.48 | -0.62 | -3.01 | -24.92 | 52.06 | -2.52 | 7.63 | 22.33 | 18.20 | 8.25 |
ARQ Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.04x means Arq, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.66x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 3.75x to 1.04x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.04 | 1.04 | 1.17 | 3.75 | 4.42 | 4.79 | 1.46 | 1.20 | 1.47 | 5.36 | 1.64 |
| Quick Ratio | 0.66 | 0.66 | 0.74 | 2.90 | 3.68 | 4.44 | 1.22 | 0.80 | 0.93 | 5.35 | 1.64 |
| Cash Ratio | 0.16 | 0.16 | 0.30 | 1.97 | 2.78 | 3.48 | 0.61 | 0.31 | 0.46 | 4.46 | 1.14 |
| Asset Turnover | — | 0.52 | 0.38 | 0.42 | 0.57 | 0.54 | 0.46 | 0.40 | 0.14 | 0.55 | 0.47 |
| Inventory Turnover | 5.46 | 5.46 | 3.60 | 3.42 | 4.51 | 8.35 | 5.10 | 3.20 | 0.32 | 441.54 | 3195.38 |
| Days Sales Outstanding | — | 45.44 | 49.83 | 59.59 | 49.14 | 54.96 | 89.83 | 60.81 | 210.94 | 35.08 | 76.48 |
ARQ Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Arq, Inc. returns 0.1% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | 0.1% | 0.1% | 5.0% | 9.5% | 9.5% | 7.6% | — |
| Payout Ratio | — | — | — | — | — | 0.2% | — | 51.4% | 57.1% | 56.6% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 49.4% | — | 18.4% | 16.7% | 13.4% | 47.0% |
| FCF Yield | — | — | — | — | — | 16.2% | 47.7% | 28.2% | 17.4% | 17.7% | 9.6% |
| Buyback Yield | 0.1% | 0.0% | 0.4% | 0.3% | 0.9% | 0.2% | 0.7% | 3.2% | 12.4% | 8.2% | 0.1% |
| Total Shareholder Yield | 0.1% | 0.0% | 0.4% | 0.3% | 1.0% | 0.3% | 5.7% | 12.7% | 21.9% | 15.8% | 0.1% |
| Shares Outstanding | — | $42M | $36M | $29M | $18M | $18M | $18M | $18M | $20M | $21M | $22M |
Peer Comparison
Compare ARQ with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ARQYou | $111M | -2.0 | 38.8 | — | 27.9% | -6.7% | -27.3% | -2.8% | 10.3 |
 CECO | $4B | 72.8 | 46.6 | — | 32.7% | 6.7% | 17.4% | 10.0% | 0.3 |
 MERC | $52M | -0.1 | — | — | -3.6% | -9.7% | -200.0% | -8.5% | — |
 CLNE | $394M | -1.8 | 70.8 | 6.6 | 4.2% | -22.0% | -34.6% | -9.4% | 20.9 |
 GEVO | $346M | -10.1 | 79.3 | — | 30.2% | -11.7% | -7.0% | -2.8% | 25.9 |
 AMTX | $127M | -1.5 | — | — | -0.4% | -17.9% | — | -70.3% | — |
 BTU | $3B | -56.1 | 6.8 | 5.6 | 2.7% | 0.0% | -1.5% | 0.0% | 1.2 |
 NRP | $1B | 10.0 | 8.7 | 8.1 | 81.2% | 68.9% | 22.6% | 16.1% | 0.2 |
 SXC | $710M | -16.1 | 5.9 | 16.8 | 7.1% | 3.5% | -6.6% | 4.3% | 3.1 |
 OPAL | $52M | 11.9 | 13.5 | — | 24.0% | 1.4% | 3.1% | 0.5% | 12.5 |
 PESI | $204M | -14.7 | — | — | 9.6% | -19.0% | -24.5% | -21.7% | — |
| Industrials Median | — | 25.7 | 13.8 | 20.0 | 32.0% | 4.3% | 8.1% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 10 years · Updated daily
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ARQ — Frequently Asked Questions
Quick answers to the most common questions about buying ARQ stock.
What is Arq, Inc.'s P/E ratio?
Arq, Inc.'s current P/E ratio is -2.0x. The historical average is 4.6x.
What is Arq, Inc.'s EV/EBITDA?
Arq, Inc.'s current EV/EBITDA is 38.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 31.4x.
What is Arq, Inc.'s ROE?
Arq, Inc.'s return on equity (ROE) is -27.3%. The historical average is 24.1%.
Is ARQ stock overvalued?
Based on historical data, Arq, Inc. is trading at a P/E of -2.0x. Compare with industry peers and growth rates for a complete picture.
What are Arq, Inc.'s profit margins?
Arq, Inc. has 27.9% gross margin and -6.7% operating margin.
How much debt does Arq, Inc. have?
Arq, Inc.'s Debt/EBITDA ratio is 10.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.