Arq vs Gevo
Gevo is the larger business, with $161m of revenue in fiscal 2025 against $120m for Arq (1.3 times as much). Gevo grew faster (849.3% against 10.4%). Gevo kept more of each dollar of sales as profit: a net margin of -21.1% against -43.7%. Arq carries less debt relative to equity (28.3% against 37.1%).
| Latest fiscal year | ArqARQ, 2025 | GevoGEVO, 2025 |
|---|---|---|
| Revenue | $120m | $161m |
| Revenue growth | 10.4% | 849.3% |
| Net income | −$52.6m | −$33.8m |
| Operating margin | -44.0% | -12.6% |
| Net margin | -43.7% | -21.1% |
| Return on equity | -27.2% | -7.1% |
| Free cash flow | −$11.3m | −$43.5m |
| Cash | $6.6m | $81.2m |
| Total debt | $47.7m | $173m |
| Debt to equity | 28.3% | 37.1% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 202 | 151 |
| Market value | $77.6m | $289m |
| Price vs our value range | — | — |
| Moat score | 36 (Weak) | 10 (Weak) |
| Insider trades, 12 months | 15 buys, 1 sales | 2 buys, 34 sales |