Quest Resource Holding Corporation (QRHC) 10-Year Financial Performance & Capital Metrics

QRHC • • Industrial / General

IndustrialsWaste ManagementSolid Waste ManagementRegional Solid Waste Operators

AboutQuest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. It offers disposal and recycling services for motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, meat renderings, cooking oil and grease trap waste, plastics, cardboard, metal, glass, mixed paper, construction debris, as well as a large variety of regulated and non-regulated solid, liquid, and gas wastes. The company provides santifreeze and windshield washer fluid, dumpster and compacting equipment, and other minor ancillary services. In addition, it offers landfill diversion services. The company's services focus on the waste streams and recyclables from big box, grocers, and other retailers; automotive maintenance, quick lube, dealerships, and collision repair; transportation, logistics, and internal fleet operators; manufacturing plants; multi-family and commercial properties; restaurant chains and food operations; and construction and demolition projects. It markets its services to automotive, manufacturing, hospitality and retail, construction and demolition, and commercial and multi-family property management industries through direct sales force and strategic partnerships. The company was formerly known as Infinity Resources Holdings Corp. and changed its name to Quest Resource Holding Corporation in October 2013. Quest Resource Holding Corporation was incorporated in 2002 and is based in The Colony, Texas.Show more

Revenue $289M
EBITDA $6M -54.5%
Net Income -$15M -106.6%
EPS (Diluted) -0.73 -102.8%
Gross Margin 17.33% -0.2%
EBITDA Margin 2.01% -54.5%
Operating Margin -1.55% -257.8%
Net Margin -5.22% -106.5%
ROE -25.01% -135.7%
ROIC -2.51% -259.4%
Debt/Equity 1.46 +43.4%
Interest Coverage -0.43 -249.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 23.9%
✓Trading at only 0.8x book value
✓Efficient asset utilization: 1.6x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.16%

5Y23.86%

3Y22.83%

TTM-9.25%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-194.68%

EPS CAGR

10Y-

5Y-

3Y-

TTM-201.14%

ROCE

10Y Avg-2.53%

5Y Avg0.94%

3Y Avg-0.11%

Latest-3.39%

Peer Comparison

Regional Solid Waste Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CWSTCasella Waste Systems, Inc.	6.55B	104.79	455.61	23.15%	0.85%	0.97%	1.19%	0.78
AWXAvalon Holdings Corporation	8.78M	2.67	7.85	4.07%	0.23%	0.48%	12.76%	0.94
QRHCQuest Resource Holding Corporation	41.32M	1.98	-2.71	0.05%	-8.89%	-55.31%		1.46

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	170.14M	183.81M	138.35M	103.81M	98.98M	98.66M	155.72M	284.04M	288.38M	288.53M
Revenue Growth %	-0.02%	0.08%	-0.25%	-0.25%	-0.05%	-0%	0.58%	0.82%	0.02%	0%
Cost of Goods Sold+	156.5M	169.4M	122.63M	86.94M	80.25M	79.6M	127.01M	235.18M	238.31M	238.54M
COGS % of Revenue	0.92%	0.92%	0.89%	0.84%	0.81%	0.81%	0.82%	0.83%	0.83%	0.83%
Gross Profit+	13.64M	14.41M	15.71M	16.86M	18.73M	19.06M	28.71M	48.86M	50.06M	49.99M
Gross Margin %	0.08%	0.08%	0.11%	0.16%	0.19%	0.19%	0.18%	0.17%	0.17%	0.17%
Gross Profit Growth %	-0.04%	0.06%	0.09%	0.07%	0.11%	0.02%	0.51%	0.7%	0.02%	-0%
Operating Expenses+	20.87M	22.21M	21.07M	18.86M	18.13M	18.3M	24.2M	47.45M	47.24M	54.45M
OpEx % of Revenue	0.12%	0.12%	0.15%	0.18%	0.18%	0.19%	0.16%	0.17%	0.16%	0.19%
Selling, General & Admin	16.3M	18.17M	17.08M	16.16M	16.82M	16.22M	19.89M	34.73M	0	0
SG&A % of Revenue	0.1%	0.1%	0.12%	0.16%	0.17%	0.16%	0.13%	0.12%	-	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	4.57M	4.04M	3.99M	2.7M	1.31M	2.09M	4.31M	12.72M	47.24M	54.45M
Operating Income+	-7.23M	-7.8M	-5.35M	-2M	595.47K	750.27K	4.51M	1.41M	2.83M	-4.46M
Operating Margin %	-0.04%	-0.04%	-0.04%	-0.02%	0.01%	0.01%	0.03%	0%	0.01%	-0.02%
Operating Income Growth %	-0.83%	-0.08%	0.31%	0.63%	1.3%	0.26%	5.01%	-0.69%	1.01%	-2.58%
EBITDA+	-2.66M	-3.64M	-1.2M	884K	2M	2.03M	7.27M	11.37M	12.77M	5.81M
EBITDA Margin %	-0.02%	-0.02%	-0.01%	0.01%	0.02%	0.02%	0.05%	0.04%	0.04%	0.02%
EBITDA Growth %	-21.9%	-0.37%	0.67%	1.74%	1.26%	0.01%	2.59%	0.56%	0.12%	-0.55%
D&A (Non-Cash Add-back)	4.57M	4.17M	4.16M	2.88M	1.4M	1.28M	2.77M	9.97M	9.95M	10.27M
EBIT	-7.23M	-7.8M	-5.35M	-2M	595.47K	1.67M	6.35M	4.48M	4.45M	1.16M
Net Interest Income+	-218K	-241K	-468K	-438K	-431.63K	-701.93K	-2.5M	-7.28M	-9.73M	-10.31M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	218.28K	241K	468K	438K	431.63K	701.93K	2.5M	7.28M	9.73M	10.31M
Other Income/Expense	-218K	-241K	-468K	-438K	-431.63K	538.1K	-2.5M	-7.28M	-9.73M	-10.31M
Pretax Income+	-7.45M	-8.05M	-5.82M	-2.44M	163.84K	1.29M	2.01M	-5.88M	-6.9M	-14.77M
Pretax Margin %	-0.04%	-0.04%	-0.04%	-0.02%	0%	0.01%	0.01%	-0.02%	-0.02%	-0.05%
Income Tax+	0	0	0	0	219.08K	254K	321.17K	172.6K	387K	291K
Effective Tax Rate %	1%	1%	1%	1%	-0.34%	0.8%	0.84%	1.03%	1.06%	1.02%
Net Income+	-7.45M	-8.05M	-5.82M	-2.44M	-55.24K	1.03M	1.69M	-6.05M	-7.29M	-15.06M
Net Margin %	-0.04%	-0.04%	-0.04%	-0.02%	-0%	0.01%	0.01%	-0.02%	-0.03%	-0.05%
Net Income Growth %	0.25%	-0.08%	0.28%	0.58%	0.98%	19.73%	0.63%	-4.58%	-0.21%	-1.07%
Net Income (Continuing)	-7.45M	-8.05M	-5.82M	-2.44M	-55.24K	1.03M	1.69M	-6.05M	-7.29M	-15.06M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.53	-0.55	-0.38	-0.16	-0.00	0.05	0.08	-0.31	-0.36	-0.73
EPS Growth %	0.34%	-0.04%	0.31%	0.58%	0.98%	-	0.65%	-4.8%	-0.16%	-1.03%
EPS (Basic)	-0.53	-0.55	-0.38	-0.16	-0.00	0.05	0.09	-0.31	-0.36	-0.73
Diluted Shares Outstanding	13.96M	14.74M	15.28M	15.31M	15.35M	16.76M	20.73M	19.47M	20.12M	20.62M
Basic Shares Outstanding	13.96M	14.74M	15.28M	15.24M	15.35M	16.66M	18.89M	19.47M	20.12M	20.62M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	37.24M	38.83M	18.83M	19.8M	18.42M	26.01M	50.33M	57.77M	60.61M	75.14M
Cash & Short-Term Investments	2.99M	1.33M	1.05M	2.12M	3.41M	7.52M	8.43M	9.56M	324.01K	396K
Cash Only	2.99M	1.33M	1.05M	2.12M	3.41M	7.52M	8.43M	9.56M	324.01K	396K
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	33.3M	34.83M	16.26M	16.71M	13.9M	17.42M	39.95M	45.89M	58.15M	62.25M
Days Sales Outstanding	71.44	69.16	42.91	58.76	51.26	64.45	93.64	58.97	73.6	78.75
Inventory	54.47K	-2	-14	245	-266	0	0	0	0	0
Days Inventory Outstanding	0.13	-	-	0	-	-	-	-	-	-
Other Current Assets	0	0	0	965.75K	549	1.07M	0	2.31M	2.14M	12.49M
Total Non-Current Assets+	71.77M	69.24M	64.69M	61.79M	62.23M	76.22M	125.34M	123.73M	116.51M	100.51M
Property, Plant & Equipment	1.31M	2.42M	1.32M	968K	2.44M	3.09M	4.49M	5.01M	3.99M	5.81M
Fixed Asset Turnover	130.05x	76.11x	104.81x	107.24x	40.63x	31.92x	34.70x	56.70x	72.25x	49.64x
Goodwill	58.34M	58.34M	58.34M	58.21M	58.21M	66.31M	80.62M	84.26M	85.83M	81.06M
Intangible Assets	11.83M	8.49M	5.03M	2.61M	1.59M	6.53M	39.12M	33.56M	26.05M	12.95M
Long-Term Investments	0	0	0	0	0	0	0	327.67K	246.59K	0
Other Non-Current Assets	300.4K	0	0	0	0	293.29K	1.11M	573.99K	387.87K	683K
Total Assets+	109.01M	108.07M	83.52M	81.59M	80.66M	102.23M	175.67M	181.49M	177.12M	175.65M
Asset Turnover	1.56x	1.70x	1.66x	1.27x	1.23x	0.97x	0.89x	1.57x	1.63x	1.64x
Asset Growth %	0.01%	-0.01%	-0.23%	-0.02%	-0.01%	0.27%	0.72%	0.03%	-0.02%	-0.01%
Total Current Liabilities+	35.18M	35.71M	14.58M	15.85M	13.34M	17.26M	37.72M	38.05M	44.92M	44.39M
Accounts Payable	30.83M	31.67M	12.74M	14.03M	10.44M	12.51M	26.43M	28.74M	38.6M	37.09M
Days Payables Outstanding	71.89	68.24	37.92	58.88	47.47	57.37	75.97	44.61	59.12	56.75
Short-Term Debt	0	0	0	0	0	1.29M	1.33M	1.65M	1.16M	1.65M
Deferred Revenue (Current)	328.83K	406K	329K	72K	19K	50.45K	1000K	1000K	1000K	1000K
Other Current Liabilities	386.25K	2.13M	1.41M	911.02K	151.48K	1.57M	4.34M	2.79M	1.2M	2.27M
Current Ratio	1.06x	1.09x	1.29x	1.25x	1.38x	1.51x	1.33x	1.52x	1.35x	1.69x
Quick Ratio	1.06x	1.09x	1.29x	1.25x	1.38x	1.51x	1.33x	1.52x	1.35x	1.69x
Cash Conversion Cycle	-0.33	-	-	-0.12	-	-	-	-	-	-
Total Non-Current Liabilities+	4.34M	5.08M	6.79M	5.19M	5.68M	16.92M	64.32M	72.3M	65.91M	77.1M
Long-Term Debt	4M	4.75M	6.76M	5.19M	4.53M	14.95M	62.41M	70.57M	64.64M	76.27M
Capital Lease Obligations	290.05K	209.07K	2.6K	0	1.14M	543.56K	1.12M	1.72M	1.27M	833K
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	51.1K	126.58K	19.39K	353	4.17K	444.17K	785.17K	0	0	0
Total Liabilities	39.52M	40.8M	21.37M	21.04M	19.01M	34.19M	102.04M	110.35M	110.84M	121.49M
Total Debt+	4M	4.75M	6.76M	5.19M	6.3M	16.78M	65.73M	73.95M	67.57M	79.18M
Net Debt	1.01M	3.42M	5.71M	3.07M	2.89M	9.27M	57.3M	64.38M	67.24M	78.79M
Debt / Equity	0.06x	0.07x	0.11x	0.09x	0.10x	0.25x	0.89x	1.04x	1.02x	1.46x
Debt / EBITDA	-	-	-	5.88x	3.15x	8.28x	9.04x	6.50x	5.29x	13.62x
Net Debt / EBITDA	-	-	-	3.48x	1.45x	4.57x	7.88x	5.66x	5.26x	13.56x
Interest Coverage	-33.11x	-32.39x	-11.44x	-4.57x	1.38x	1.07x	1.81x	0.19x	0.29x	-0.43x
Total Equity+	69.49M	67.27M	62.15M	60.54M	61.64M	68.04M	73.63M	71.14M	66.28M	54.16M
Equity Growth %	-0.08%	-0.03%	-0.08%	-0.03%	0.02%	0.1%	0.08%	-0.03%	-0.07%	-0.18%
Book Value per Share	4.98	4.56	4.07	3.95	4.02	4.06	3.55	3.65	3.29	2.63
Total Shareholders' Equity	69.49M	67.27M	62.15M	60.54M	61.64M	68.04M	73.63M	71.14M	66.28M	54.16M
Common Stock	111.79K	15K	15K	15K	15K	18.41K	19.05K	19.7K	20.16K	21K
Retained Earnings	-82.87M	-90.92M	-96.73M	-99.17M	-99.23M	-98.4M	-96.71M	-102.76M	-110.05M	-125.11M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-1.97M	-2.44M	-2.19M	-2.52M	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.66M	-4.39M	-1.65M	2.97M	2.28M	3.1M	2.57M	-2.34M	-1.36M	-6.08M
Operating CF Margin %	0.02%	-0.02%	-0.01%	0.03%	0.02%	0.03%	0.02%	-0.01%	-0%	-0.02%
Operating CF Growth %	1.31%	-2.65%	0.62%	2.8%	-0.23%	0.36%	-0.17%	-1.91%	0.42%	-3.47%
Net Income	-7.45M	-8.05M	-5.82M	-2.44M	-55.24K	1.03M	1.69M	-6.05M	-7.29M	-15.06M
Depreciation & Amortization	4.57M	4.17M	4.16M	2.89M	1.62M	1.48M	2.98M	9.97M	9.95M	10.27M
Stock-Based Compensation	1.32M	1.85M	1.71M	793.59K	0	0	0	1.28M	1.31M	1.56M
Deferred Taxes	-1.07M	-1.39M	652.27K	1.09M	0	0	0	0	0	0
Other Non-Cash Items	1.32M	1.85M	78.25K	93.9K	1.02M	1.77M	2.25M	3.02M	2.91M	8.5M
Working Capital Changes	3.97M	-2.82M	-2.43M	549.14K	-310.47K	-1.19M	-4.36M	-10.56M	-8.25M	-11.36M
Change in Receivables	-3.93M	-1.99M	17.91M	-1.53M	2.75M	-2.31M	-11.68M	-4.18M	-13.71M	-9.75M
Change in Inventory	-343.62K	-1.45M	826.71K	798.81K	0	0	0	0	0	0
Change in Payables	8.26M	458.2K	-21.05M	1.52M	-2.92M	1.28M	7.2M	-5.31M	7.28M	0
Cash from Investing+	-1.64M	-830.46K	-315.29K	-239.97K	-301.33K	-506.07K	-16.93M	-4.33M	-1.9M	-5.97M
Capital Expenditures	-1.64M	-830.46K	-315.29K	-239.97K	-301.33K	-506.07K	-636.17K	-1.69M	-259K	-4.68M
CapEx % of Revenue	0.01%	0%	0%	0%	0%	0.01%	0%	0.01%	0%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-969.96K	-361.14K	-254.77K	-196.46K	0	0	0	0	-1.64M	-1.29M
Cash from Financing+	-1.18M	3.56M	1.69M	-1.66M	-685.74K	1.51M	15.27M	7.81M	-5.98M	12.13M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	110.07K	40.49K	-234.33K	0	0	0	0	-214.55K	0	693K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	1.01M	-5.22M	-1.97M	2.73M	2.13M	2.65M	1.93M	-4.04M	-3.26M	-12.05M
FCF Margin %	0.01%	-0.03%	-0.01%	0.03%	0.02%	0.03%	0.01%	-0.01%	-0.01%	-0.04%
FCF Growth %	1.11%	-6.15%	0.62%	2.39%	-0.22%	0.25%	-0.27%	-3.09%	0.19%	-2.7%
FCF per Share	0.07	-0.35	-0.13	0.18	0.14	0.16	0.09	-0.21	-0.16	-0.58
FCF Conversion (FCF/Net Income)	-0.36x	0.55x	0.28x	-1.22x	-41.20x	2.99x	1.52x	0.39x	0.19x	0.40x
Interest Paid	0	0	0	0	0	0	0	5.72M	8.57M	8.79M
Taxes Paid	0	0	0	0	0	0	0	330.87K	366.36K	789K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-10.27%	-11.77%	-8.99%	-3.98%	-0.09%	1.6%	2.39%	-8.36%	-10.61%	-25.01%
Return on Invested Capital (ROIC)	-7.32%	-8.29%	-5.79%	-2.28%	0.7%	0.79%	3.25%	0.79%	1.57%	-2.51%
Gross Margin	8.02%	7.84%	11.36%	16.24%	18.92%	19.31%	18.43%	17.2%	17.36%	17.33%
Net Margin	-4.38%	-4.38%	-4.21%	-2.35%	-0.06%	1.05%	1.09%	-2.13%	-2.53%	-5.22%
Debt / Equity	0.06x	0.07x	0.11x	0.09x	0.10x	0.25x	0.89x	1.04x	1.02x	1.46x
Interest Coverage	-33.11x	-32.39x	-11.44x	-4.57x	1.38x	1.07x	1.81x	0.19x	0.29x	-0.43x
FCF Conversion	-0.36x	0.55x	0.28x	-1.22x	-41.20x	2.99x	1.52x	0.39x	0.19x	0.40x
Revenue Growth	-2.47%	8.04%	-24.73%	-24.97%	-4.65%	-0.32%	57.83%	82.41%	1.53%	0.05%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Services	93.52M	88.84M	90.09M	146.81M	273.8M	277.28M	277.26M
Services Growth	-	-5.01%	1.40%	62.96%	86.49%	1.27%	-0.01%
Product Sales And Other	10.28M	10.14M	8.57M	8.9M	10.24M	11.1M	11.28M
Product Sales And Other Growth	-	-1.40%	-15.45%	3.87%	15.03%	8.36%	1.60%

Frequently Asked Questions

Growth & Financials

Quest Resource Holding Corporation (QRHC) reported $261.3M in revenue for fiscal year 2024. This represents a 277932% increase from $0.1M in 2011.

Quest Resource Holding Corporation (QRHC) grew revenue by 0.1% over the past year. Growth has been modest.

Quest Resource Holding Corporation (QRHC) reported a net loss of $23.2M for fiscal year 2024.

Dividend & Returns

Quest Resource Holding Corporation (QRHC) has a return on equity (ROE) of -25.0%. Negative ROE indicates the company is unprofitable.

Quest Resource Holding Corporation (QRHC) generated $2.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Quest Resource Holding Corporation (QRHC) 10-Year Financial Performance & Capital Metrics

QRHC • • Industrial / General

IndustrialsWaste ManagementSolid Waste ManagementRegional Solid Waste Operators

Revenue $289M
EBITDA $6M -54.5%
Net Income -$15M -106.6%
EPS (Diluted) -0.73 -102.8%
Gross Margin 17.33% -0.2%
EBITDA Margin 2.01% -54.5%
Operating Margin -1.55% -257.8%
Net Margin -5.22% -106.5%
ROE -25.01% -135.7%
ROIC -2.51% -259.4%
Debt/Equity 1.46 +43.4%
Interest Coverage -0.43 -249.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 23.9%
✓Trading at only 0.8x book value
✓Efficient asset utilization: 1.6x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.16%

5Y23.86%

3Y22.83%

TTM-9.25%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-194.68%

EPS CAGR

10Y-

5Y-

3Y-

TTM-201.14%

ROCE

10Y Avg-2.53%

5Y Avg0.94%

3Y Avg-0.11%

Latest-3.39%

Peer Comparison

Regional Solid Waste Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CWSTCasella Waste Systems, Inc.	6.55B	104.79	455.61	23.15%	0.85%	0.97%	1.19%	0.78
AWXAvalon Holdings Corporation	8.78M	2.67	7.85	4.07%	0.23%	0.48%	12.76%	0.94
QRHCQuest Resource Holding Corporation	41.32M	1.98	-2.71	0.05%	-8.89%	-55.31%		1.46

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	170.14M	183.81M	138.35M	103.81M	98.98M	98.66M	155.72M	284.04M	288.38M	288.53M
Revenue Growth %	-0.02%	0.08%	-0.25%	-0.25%	-0.05%	-0%	0.58%	0.82%	0.02%	0%
Cost of Goods Sold+	156.5M	169.4M	122.63M	86.94M	80.25M	79.6M	127.01M	235.18M	238.31M	238.54M
COGS % of Revenue	0.92%	0.92%	0.89%	0.84%	0.81%	0.81%	0.82%	0.83%	0.83%	0.83%
Gross Profit+	13.64M	14.41M	15.71M	16.86M	18.73M	19.06M	28.71M	48.86M	50.06M	49.99M
Gross Margin %	0.08%	0.08%	0.11%	0.16%	0.19%	0.19%	0.18%	0.17%	0.17%	0.17%
Gross Profit Growth %	-0.04%	0.06%	0.09%	0.07%	0.11%	0.02%	0.51%	0.7%	0.02%	-0%
Operating Expenses+	20.87M	22.21M	21.07M	18.86M	18.13M	18.3M	24.2M	47.45M	47.24M	54.45M
OpEx % of Revenue	0.12%	0.12%	0.15%	0.18%	0.18%	0.19%	0.16%	0.17%	0.16%	0.19%
Selling, General & Admin	16.3M	18.17M	17.08M	16.16M	16.82M	16.22M	19.89M	34.73M	0	0
SG&A % of Revenue	0.1%	0.1%	0.12%	0.16%	0.17%	0.16%	0.13%	0.12%	-	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	4.57M	4.04M	3.99M	2.7M	1.31M	2.09M	4.31M	12.72M	47.24M	54.45M
Operating Income+	-7.23M	-7.8M	-5.35M	-2M	595.47K	750.27K	4.51M	1.41M	2.83M	-4.46M
Operating Margin %	-0.04%	-0.04%	-0.04%	-0.02%	0.01%	0.01%	0.03%	0%	0.01%	-0.02%
Operating Income Growth %	-0.83%	-0.08%	0.31%	0.63%	1.3%	0.26%	5.01%	-0.69%	1.01%	-2.58%
EBITDA+	-2.66M	-3.64M	-1.2M	884K	2M	2.03M	7.27M	11.37M	12.77M	5.81M
EBITDA Margin %	-0.02%	-0.02%	-0.01%	0.01%	0.02%	0.02%	0.05%	0.04%	0.04%	0.02%
EBITDA Growth %	-21.9%	-0.37%	0.67%	1.74%	1.26%	0.01%	2.59%	0.56%	0.12%	-0.55%
D&A (Non-Cash Add-back)	4.57M	4.17M	4.16M	2.88M	1.4M	1.28M	2.77M	9.97M	9.95M	10.27M
EBIT	-7.23M	-7.8M	-5.35M	-2M	595.47K	1.67M	6.35M	4.48M	4.45M	1.16M
Net Interest Income+	-218K	-241K	-468K	-438K	-431.63K	-701.93K	-2.5M	-7.28M	-9.73M	-10.31M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	218.28K	241K	468K	438K	431.63K	701.93K	2.5M	7.28M	9.73M	10.31M
Other Income/Expense	-218K	-241K	-468K	-438K	-431.63K	538.1K	-2.5M	-7.28M	-9.73M	-10.31M
Pretax Income+	-7.45M	-8.05M	-5.82M	-2.44M	163.84K	1.29M	2.01M	-5.88M	-6.9M	-14.77M
Pretax Margin %	-0.04%	-0.04%	-0.04%	-0.02%	0%	0.01%	0.01%	-0.02%	-0.02%	-0.05%
Income Tax+	0	0	0	0	219.08K	254K	321.17K	172.6K	387K	291K
Effective Tax Rate %	1%	1%	1%	1%	-0.34%	0.8%	0.84%	1.03%	1.06%	1.02%
Net Income+	-7.45M	-8.05M	-5.82M	-2.44M	-55.24K	1.03M	1.69M	-6.05M	-7.29M	-15.06M
Net Margin %	-0.04%	-0.04%	-0.04%	-0.02%	-0%	0.01%	0.01%	-0.02%	-0.03%	-0.05%
Net Income Growth %	0.25%	-0.08%	0.28%	0.58%	0.98%	19.73%	0.63%	-4.58%	-0.21%	-1.07%
Net Income (Continuing)	-7.45M	-8.05M	-5.82M	-2.44M	-55.24K	1.03M	1.69M	-6.05M	-7.29M	-15.06M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.53	-0.55	-0.38	-0.16	-0.00	0.05	0.08	-0.31	-0.36	-0.73
EPS Growth %	0.34%	-0.04%	0.31%	0.58%	0.98%	-	0.65%	-4.8%	-0.16%	-1.03%
EPS (Basic)	-0.53	-0.55	-0.38	-0.16	-0.00	0.05	0.09	-0.31	-0.36	-0.73
Diluted Shares Outstanding	13.96M	14.74M	15.28M	15.31M	15.35M	16.76M	20.73M	19.47M	20.12M	20.62M
Basic Shares Outstanding	13.96M	14.74M	15.28M	15.24M	15.35M	16.66M	18.89M	19.47M	20.12M	20.62M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	37.24M	38.83M	18.83M	19.8M	18.42M	26.01M	50.33M	57.77M	60.61M	75.14M
Cash & Short-Term Investments	2.99M	1.33M	1.05M	2.12M	3.41M	7.52M	8.43M	9.56M	324.01K	396K
Cash Only	2.99M	1.33M	1.05M	2.12M	3.41M	7.52M	8.43M	9.56M	324.01K	396K
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	33.3M	34.83M	16.26M	16.71M	13.9M	17.42M	39.95M	45.89M	58.15M	62.25M
Days Sales Outstanding	71.44	69.16	42.91	58.76	51.26	64.45	93.64	58.97	73.6	78.75
Inventory	54.47K	-2	-14	245	-266	0	0	0	0	0
Days Inventory Outstanding	0.13	-	-	0	-	-	-	-	-	-
Other Current Assets	0	0	0	965.75K	549	1.07M	0	2.31M	2.14M	12.49M
Total Non-Current Assets+	71.77M	69.24M	64.69M	61.79M	62.23M	76.22M	125.34M	123.73M	116.51M	100.51M
Property, Plant & Equipment	1.31M	2.42M	1.32M	968K	2.44M	3.09M	4.49M	5.01M	3.99M	5.81M
Fixed Asset Turnover	130.05x	76.11x	104.81x	107.24x	40.63x	31.92x	34.70x	56.70x	72.25x	49.64x
Goodwill	58.34M	58.34M	58.34M	58.21M	58.21M	66.31M	80.62M	84.26M	85.83M	81.06M
Intangible Assets	11.83M	8.49M	5.03M	2.61M	1.59M	6.53M	39.12M	33.56M	26.05M	12.95M
Long-Term Investments	0	0	0	0	0	0	0	327.67K	246.59K	0
Other Non-Current Assets	300.4K	0	0	0	0	293.29K	1.11M	573.99K	387.87K	683K
Total Assets+	109.01M	108.07M	83.52M	81.59M	80.66M	102.23M	175.67M	181.49M	177.12M	175.65M
Asset Turnover	1.56x	1.70x	1.66x	1.27x	1.23x	0.97x	0.89x	1.57x	1.63x	1.64x
Asset Growth %	0.01%	-0.01%	-0.23%	-0.02%	-0.01%	0.27%	0.72%	0.03%	-0.02%	-0.01%
Total Current Liabilities+	35.18M	35.71M	14.58M	15.85M	13.34M	17.26M	37.72M	38.05M	44.92M	44.39M
Accounts Payable	30.83M	31.67M	12.74M	14.03M	10.44M	12.51M	26.43M	28.74M	38.6M	37.09M
Days Payables Outstanding	71.89	68.24	37.92	58.88	47.47	57.37	75.97	44.61	59.12	56.75
Short-Term Debt	0	0	0	0	0	1.29M	1.33M	1.65M	1.16M	1.65M
Deferred Revenue (Current)	328.83K	406K	329K	72K	19K	50.45K	1000K	1000K	1000K	1000K
Other Current Liabilities	386.25K	2.13M	1.41M	911.02K	151.48K	1.57M	4.34M	2.79M	1.2M	2.27M
Current Ratio	1.06x	1.09x	1.29x	1.25x	1.38x	1.51x	1.33x	1.52x	1.35x	1.69x
Quick Ratio	1.06x	1.09x	1.29x	1.25x	1.38x	1.51x	1.33x	1.52x	1.35x	1.69x
Cash Conversion Cycle	-0.33	-	-	-0.12	-	-	-	-	-	-
Total Non-Current Liabilities+	4.34M	5.08M	6.79M	5.19M	5.68M	16.92M	64.32M	72.3M	65.91M	77.1M
Long-Term Debt	4M	4.75M	6.76M	5.19M	4.53M	14.95M	62.41M	70.57M	64.64M	76.27M
Capital Lease Obligations	290.05K	209.07K	2.6K	0	1.14M	543.56K	1.12M	1.72M	1.27M	833K
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	51.1K	126.58K	19.39K	353	4.17K	444.17K	785.17K	0	0	0
Total Liabilities	39.52M	40.8M	21.37M	21.04M	19.01M	34.19M	102.04M	110.35M	110.84M	121.49M
Total Debt+	4M	4.75M	6.76M	5.19M	6.3M	16.78M	65.73M	73.95M	67.57M	79.18M
Net Debt	1.01M	3.42M	5.71M	3.07M	2.89M	9.27M	57.3M	64.38M	67.24M	78.79M
Debt / Equity	0.06x	0.07x	0.11x	0.09x	0.10x	0.25x	0.89x	1.04x	1.02x	1.46x
Debt / EBITDA	-	-	-	5.88x	3.15x	8.28x	9.04x	6.50x	5.29x	13.62x
Net Debt / EBITDA	-	-	-	3.48x	1.45x	4.57x	7.88x	5.66x	5.26x	13.56x
Interest Coverage	-33.11x	-32.39x	-11.44x	-4.57x	1.38x	1.07x	1.81x	0.19x	0.29x	-0.43x
Total Equity+	69.49M	67.27M	62.15M	60.54M	61.64M	68.04M	73.63M	71.14M	66.28M	54.16M
Equity Growth %	-0.08%	-0.03%	-0.08%	-0.03%	0.02%	0.1%	0.08%	-0.03%	-0.07%	-0.18%
Book Value per Share	4.98	4.56	4.07	3.95	4.02	4.06	3.55	3.65	3.29	2.63
Total Shareholders' Equity	69.49M	67.27M	62.15M	60.54M	61.64M	68.04M	73.63M	71.14M	66.28M	54.16M
Common Stock	111.79K	15K	15K	15K	15K	18.41K	19.05K	19.7K	20.16K	21K
Retained Earnings	-82.87M	-90.92M	-96.73M	-99.17M	-99.23M	-98.4M	-96.71M	-102.76M	-110.05M	-125.11M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-1.97M	-2.44M	-2.19M	-2.52M	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.66M	-4.39M	-1.65M	2.97M	2.28M	3.1M	2.57M	-2.34M	-1.36M	-6.08M
Operating CF Margin %	0.02%	-0.02%	-0.01%	0.03%	0.02%	0.03%	0.02%	-0.01%	-0%	-0.02%
Operating CF Growth %	1.31%	-2.65%	0.62%	2.8%	-0.23%	0.36%	-0.17%	-1.91%	0.42%	-3.47%
Net Income	-7.45M	-8.05M	-5.82M	-2.44M	-55.24K	1.03M	1.69M	-6.05M	-7.29M	-15.06M
Depreciation & Amortization	4.57M	4.17M	4.16M	2.89M	1.62M	1.48M	2.98M	9.97M	9.95M	10.27M
Stock-Based Compensation	1.32M	1.85M	1.71M	793.59K	0	0	0	1.28M	1.31M	1.56M
Deferred Taxes	-1.07M	-1.39M	652.27K	1.09M	0	0	0	0	0	0
Other Non-Cash Items	1.32M	1.85M	78.25K	93.9K	1.02M	1.77M	2.25M	3.02M	2.91M	8.5M
Working Capital Changes	3.97M	-2.82M	-2.43M	549.14K	-310.47K	-1.19M	-4.36M	-10.56M	-8.25M	-11.36M
Change in Receivables	-3.93M	-1.99M	17.91M	-1.53M	2.75M	-2.31M	-11.68M	-4.18M	-13.71M	-9.75M
Change in Inventory	-343.62K	-1.45M	826.71K	798.81K	0	0	0	0	0	0
Change in Payables	8.26M	458.2K	-21.05M	1.52M	-2.92M	1.28M	7.2M	-5.31M	7.28M	0
Cash from Investing+	-1.64M	-830.46K	-315.29K	-239.97K	-301.33K	-506.07K	-16.93M	-4.33M	-1.9M	-5.97M
Capital Expenditures	-1.64M	-830.46K	-315.29K	-239.97K	-301.33K	-506.07K	-636.17K	-1.69M	-259K	-4.68M
CapEx % of Revenue	0.01%	0%	0%	0%	0%	0.01%	0%	0.01%	0%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-969.96K	-361.14K	-254.77K	-196.46K	0	0	0	0	-1.64M	-1.29M
Cash from Financing+	-1.18M	3.56M	1.69M	-1.66M	-685.74K	1.51M	15.27M	7.81M	-5.98M	12.13M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	110.07K	40.49K	-234.33K	0	0	0	0	-214.55K	0	693K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	1.01M	-5.22M	-1.97M	2.73M	2.13M	2.65M	1.93M	-4.04M	-3.26M	-12.05M
FCF Margin %	0.01%	-0.03%	-0.01%	0.03%	0.02%	0.03%	0.01%	-0.01%	-0.01%	-0.04%
FCF Growth %	1.11%	-6.15%	0.62%	2.39%	-0.22%	0.25%	-0.27%	-3.09%	0.19%	-2.7%
FCF per Share	0.07	-0.35	-0.13	0.18	0.14	0.16	0.09	-0.21	-0.16	-0.58
FCF Conversion (FCF/Net Income)	-0.36x	0.55x	0.28x	-1.22x	-41.20x	2.99x	1.52x	0.39x	0.19x	0.40x
Interest Paid	0	0	0	0	0	0	0	5.72M	8.57M	8.79M
Taxes Paid	0	0	0	0	0	0	0	330.87K	366.36K	789K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-10.27%	-11.77%	-8.99%	-3.98%	-0.09%	1.6%	2.39%	-8.36%	-10.61%	-25.01%
Return on Invested Capital (ROIC)	-7.32%	-8.29%	-5.79%	-2.28%	0.7%	0.79%	3.25%	0.79%	1.57%	-2.51%
Gross Margin	8.02%	7.84%	11.36%	16.24%	18.92%	19.31%	18.43%	17.2%	17.36%	17.33%
Net Margin	-4.38%	-4.38%	-4.21%	-2.35%	-0.06%	1.05%	1.09%	-2.13%	-2.53%	-5.22%
Debt / Equity	0.06x	0.07x	0.11x	0.09x	0.10x	0.25x	0.89x	1.04x	1.02x	1.46x
Interest Coverage	-33.11x	-32.39x	-11.44x	-4.57x	1.38x	1.07x	1.81x	0.19x	0.29x	-0.43x
FCF Conversion	-0.36x	0.55x	0.28x	-1.22x	-41.20x	2.99x	1.52x	0.39x	0.19x	0.40x
Revenue Growth	-2.47%	8.04%	-24.73%	-24.97%	-4.65%	-0.32%	57.83%	82.41%	1.53%	0.05%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Services	93.52M	88.84M	90.09M	146.81M	273.8M	277.28M	277.26M
Services Growth	-	-5.01%	1.40%	62.96%	86.49%	1.27%	-0.01%
Product Sales And Other	10.28M	10.14M	8.57M	8.9M	10.24M	11.1M	11.28M
Product Sales And Other Growth	-	-1.40%	-15.45%	3.87%	15.03%	8.36%	1.60%

Frequently Asked Questions

Growth & Financials

Quest Resource Holding Corporation (QRHC) reported $261.3M in revenue for fiscal year 2024. This represents a 277932% increase from $0.1M in 2011.

Quest Resource Holding Corporation (QRHC) grew revenue by 0.1% over the past year. Growth has been modest.

Quest Resource Holding Corporation (QRHC) reported a net loss of $23.2M for fiscal year 2024.

Dividend & Returns

Quest Resource Holding Corporation (QRHC) has a return on equity (ROE) of -25.0%. Negative ROE indicates the company is unprofitable.

Quest Resource Holding Corporation (QRHC) generated $2.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.