Arq vs Futurefuel
Arq is the larger business, with $120m of revenue in fiscal 2025 against $95.7m for Futurefuel (1.3 times as much). Arq grew faster (10.4% against -60.7%). Arq kept more of each dollar of sales as profit: a net margin of -43.7% against -51.6%. Futurefuel carries less debt relative to equity (0.0% against 28.3%).
| Latest fiscal year | ArqARQ, 2025 | FuturefuelFF, 2025 |
|---|---|---|
| Revenue | $120m | $95.7m |
| Revenue growth | 10.4% | -60.7% |
| Net income | −$52.6m | −$49.4m |
| Operating margin | -44.0% | -55.3% |
| Net margin | -43.7% | -51.6% |
| Return on equity | -27.2% | -26.8% |
| Free cash flow | −$11.3m | −$46.0m |
| Cash | $6.6m | $51.3m |
| Total debt | $47.7m | $0 |
| Debt to equity | 28.3% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | 3.3% |
| Share buybacks | — | — |
| Employees | 202 | — |
| Market value | $78.3m | $250m |
| Price vs our value range | — | Above our value range |
| Moat score | 36 (Weak) | 40 (Weak) |
| Insider trades, 12 months | 15 buys, 1 sales | 2 buys, 0 sales |