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No institutional (13F) filings cover this company, so the Overview and 13F tabs are thin. Everything drawn from its SEC filings is here.
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How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -27%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~8.6% on $28M of debt.
Cash of $7M is below short-term debt of $20M — relies on refinancing/operations.
Mostly short-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $120.3M 100.0% | $109.0M 100.0% | $99.2M 100.0% | $103.0M 100.0% | $100.3M 100.0% | $67.4M 100.0% | $70.1M 100.0% | $23.9M 100.0% | $45.4M 100.0% | $50.6M 100.0% |
| Cost of Revenue | $86.8M 72.1% | $69.5M 63.8% | $67.3M 67.9% | — | — | — | — | — | — | — |
| Cost of Services | — | — | — | — | — | — | — | — | $3.4M 7.6% | $1.7M 3.4% |
| Research & Development | $7.3M 6.1% | $4.0M 3.7% | $3.3M 3.3% | $2.1M 2.0% | $400K 0.4% | $1.0M 1.5% | $200K 0.3% | — | $157K 0.3% | -$648K -1.3% |
| Selling, General & Admin | $22.6M 18.7% | $28.7M 26.3% | $34.1M 34.3% | $8.1M 7.9% | $7.1M 7.0% | $8.2M 12.2% | $8.1M 11.6% | $4.2M 17.4% | $4.0M 8.8% | $3.7M 7.4% |
| Total Operating Expenses | $86.5M 71.9% | $41.4M 38.0% | $45.2M 45.6% | $115.1M 111.7% | $95.4M 95.2% | $108.3M 160.8% | $85.0M 121.2% | $30.3M 126.7% | $49.5M 109.1% | $66.7M 131.8% |
| Operating Income | -$53.0M -44.0% | -$2.0M -1.8% | -$13.3M -13.4% | -$12.1M -11.7% | $4.9M 4.8% | -$41.0M -60.8% | -$14.9M -21.2% | -$6.4M -26.7% | -$4.1M -9.1% | -$16.1M -31.8% |
| Interest Expense | $2.4M 2.0% | $3.3M 3.0% | $3.0M 3.0% | $336K 0.3% | $1.5M 1.5% | $3.9M 5.8% | $7.2M 10.2% | $2.2M 9.0% | $3.0M 6.7% | $5.1M 10.0% |
| Interest & Investment Income | — | $1.1M 1.0% | $1.8M 1.9% | $239K 0.2% | $326K 0.3% | $127K 0.2% | $261K 0.4% | $239K 1.0% | $54K 0.1% | $268K 0.5% |
| Other Income (Expense), net | $360K 0.3% | -$3.3M -3.0% | $1.2M 1.2% | $3.4M 3.3% | $71.2M 71.0% | $27.2M 40.4% | $62.4M 89.1% | $52.3M 218.3% | $56.2M 123.8% | $52.8M 104.4% |
| Pretax Income | -$52.6M -43.7% | -$5.3M -4.8% | -$12.1M -12.2% | -$8.7M -8.5% | $76.1M 75.9% | -$13.8M -20.5% | $47.5M 67.8% | $45.9M 191.6% | $52.0M 114.7% | $36.7M 72.6% |
| Income Tax Expense | $0 0.0% | -$164K -0.2% | $153K 0.2% | $209K 0.2% | $15.7M 15.6% | $6.5M 9.7% | $12.0M 17.1% | $10.4M 43.5% | $24.2M 53.2% | -$60.9M -120.4% |
| Net Income | -$52.6M -43.7% | -$5.1M -4.7% | -$12.2M -12.3% | -$8.9M -8.7% | $60.4M 60.2% | -$20.3M -30.1% | $35.5M 50.7% | $35.5M 148.1% | $27.9M 61.4% | $97.7M 193.0% |
| Per Share | ||||||||||
| EPS (Basic) | $-1.27 | $-0.14 | $-0.42 | $-0.48 | $3.31 | $-1.12 | $1.96 | $1.78 | $1.30 | $4.40 |
| EPS (Diluted) | $-1.27 | $-0.14 | $-0.42 | $-0.48 | $3.27 | $-1.12 | $1.93 | $1.76 | $1.29 | $4.34 |
| Weighted Avg Shares (Basic) | 41.5M | 36.1M | 29.1M | 18.5M | 18.3M | 18.0M | 18.2M | 19.9M | 21.4M | 21.9M |
| Weighted Avg Shares (Diluted) | 41.5M | 36.1M | 29.1M | 18.5M | 18.5M | 18.0M | 18.4M | 20.0M | 21.4M | 22.2M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow, so a reverse DCF can't be run.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on -$11M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 651 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTM | $28.75T | — | — | — | — | — | — | — | — | — | 160 |
| CAT | $364.2B | 41.6× | 29.1× | 5.4× | 4.3% | 33.8% | 13.1% | 41.7% | 15.4% | 2.7× | 3,616 |
| GE | $328.2B | 38.4× | — | 7.2× | 18.5% | — | 19.0% | 46.6% | 22.2% | — | 3,077 |
| RTX | $264.2B | 39.7× | 18.8× | 3.0× | 9.7% | — | 7.6% | 10.3% | 10.3% | 0.0× | 3,277 |
| BA | $204.4B | 81.4× | 41.0× | 2.3× | 34.5% | 4.8% | 2.5% | 41.0% | 3.3% | 10.0× | 2,435 |
| DE | $181.0B | 36.2× | — | 4.0× | -11.7% | — | 11.0% | 19.4% | 12.6% | — | 2,491 |
| ABBNY | $174.3B | 47.1× | 31.1× | 5.4× | 9.5% | 34.8% | 11.9% | 28.5% | 20.4% | 0.9× | 48 |
| UNP | $166.7B | 23.4× | 16.0× | 6.8× | 1.1% | — | 29.1% | 38.7% | 14.2% | 2.6× | 2,648 |
| ETN | $154.3B | 38.1× | — | 5.6× | 10.3% | 37.6% | 14.9% | 21.0% | 13.9% | — | 2,398 |
| HON | $131.9B | 28.2× | 16.2× | 3.5× | 7.8% | 36.9% | 12.6% | 34.0% | 9.8% | 3.6× | 2,694 |
| LMT | $123.0B | 25.0× | 16.1× | 1.6× | 5.6% | 10.2% | 6.7% | 74.6% | 17.7% | 2.5× | 2,807 |
| PH | $117.9B | 33.9× | 26.6× | 5.9× | -0.4% | 36.9% | 17.8% | 25.8% | 16.7% | 1.6× | 1,845 |
| ADP | $108.7B | 25.0× | — | 5.0× | 6.7% | 46.4% | 20.1% | 73.2% | 40.1% | — | 2,179 |
| GD | $97.3B | 23.3× | 17.1× | 1.9× | 10.1% | — | 8.0% | 16.4% | 12.5% | 1.3× | 2,123 |
| TT | $94.0B | 32.5× | 23.2× | 4.4× | 7.5% | — | 13.7% | 34.0% | 22.1% | 1.1× | 1,658 |
| PWR | $92.6B | 91.1× | 46.0× | 3.3× | 20.3% | 15.0% | 3.6% | 11.5% | 10.6% | 0.4× | 1,659 |
| VRT | $91.6B | 70.2× | 43.4× | 8.9× | 27.7% | 36.3% | 13.0% | 33.8% | 19.4% | 1.4× | 1,748 |
| JCI | $91.6B | 27.9× | — | 3.9× | 2.8% | 36.4% | 13.9% | 25.5% | 14.4% | — | 1,487 |
| HWM | $91.5B | 61.4× | 40.3× | 11.1× | 11.1% | — | 18.3% | 28.2% | 17.9% | 1.3× | 1,399 |
| CSX | $89.1B | 31.1× | 14.4× | 6.3× | -3.1% | — | 20.5% | 22.0% | 22.0% | — | 1,791 |
| MMM | $86.2B | 27.1× | 16.6× | 3.5× | 1.5% | 39.9% | 13.0% | 69.1% | 18.8% | 2.1× | 2,051 |
| WM | $86.2B | 31.9× | 12.1× | 3.4× | 14.2% | 40.4% | 10.7% | 27.1% | 25.3% | 0.1× | 2,262 |
| UPS | $83.9B | 15.1× | 9.4× | 0.9× | -2.6% | — | 6.3% | 34.3% | 13.8% | 2.2× | 2,025 |
| EMR | $82.1B | 36.1× | — | 4.6× | 3.0% | 52.8% | 12.7% | 11.3% | 6.9% | — | 2,112 |
| CTAS | $80.4B | 45.3× | 28.9× | 7.8× | 7.7% | 50.0% | 17.5% | 38.7% | 25.5% | 0.8× | 1,366 |
| ARQ | $90M | — | — | 0.8× | 10.4% | 27.9% | -43.7% | -31.3% | -26.8% | -0.7× | — |
Peers = companies sharing ARQ's sector (Industrials) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
EOD close · as of 2026-09-17
No standout strengths flagged.
Where each multiple sits in its own 14-yr range · 8th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 249.3× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | — | — | — | — | — | 67.9 | 63.8 | 72.1 |
| R&D | — | 0.3 | 1.5 | 0.4 | 2.0 | 3.3 | 3.7 | 6.1 |
| SG&A | 17.4 | 11.6 | 12.2 | 7.0 | 7.9 | 34.3 | 26.3 | 18.7 |
| Operating Income | -26.7 | -21.2 | -60.8 | 4.8 | -11.7 | -13.4 | -1.8 | -44.0 |
| Income Tax | 43.5 | 17.1 | 9.7 | 15.6 | 0.2 | 0.2 | -0.2 | 0.0 |
| Net Income | 148.1 | 50.7 | -30.1 | 60.2 | -8.7 | -12.3 | -4.7 | -43.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on ARQ: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.