Arq, Inc. (ARQ) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does Arq, Inc. Do?
Advanced Emissions Solutions, Inc., together with its subsidiaries, provides environmental technologies and specialty chemicals in the United States. It operates through two segments, Refined Coal and Advanced Purification Technologies. The company offers CyClean technology, a pre-combustion coal treatment process to enhance combustion, as well as to reduce emissions of nitrogen oxide and mercury from coals burned in cyclone boilers; and M-45 and M-45-PC technologies, which are pre-combustion coal treatment technologies used to control emissions from circulating fluidized bed boilers and pulverized coal boilers. It also provides mercury and other air contaminants controls; and activated carbon products, such as powdered activated carbon and granular activated carbon, as well as owns an associated lignite mine that supplies the raw material for the powdered activated carbon plant. The company's products are used in removal of heavy metal pollutants; treatment of drinking and waste waters; industrial acid gas and odor removal; automotive gasoline emission control; soil and ground water remediation; and food and beverage process and product purifications. It serves customers in the coal-fired power generation and industrial boiler processes. Advanced Emissions Solutions, Inc. was founded in 1996 and is headquartered in Greenwood Village, Colorado. Arq, Inc. (ARQ) is classified as a micro-cap stock in the Materials sector, specifically within the Chemicals industry. The company is led by CEO Greg P. Marken and employs approximately 140 people, headquartered in Highlands Ranch, Colorado. With a market capitalization of $101M, ARQ is one of the notable companies in the Materials sector.
Arq, Inc. (ARQ) Stock Rating — Avoid (April 2026)
As of April 2026, Arq, Inc. receives a Avoid rating with a composite score of 27.1/100 and 1 out of 5 stars from the Blank Capital Research quantitative model.ARQ ranks #4,399 out of 4,446 stocks in our coverage universe. Within the Materials sector, Arq, Inc. ranks #294 of 284 stocks, placing it in the lower half of its Materials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
ARQ Stock Price and 52-Week Range
Arq, Inc. (ARQ) currently trades at $2.17. The stock gained $0.05 (2.4%) in the most recent trading session. The 52-week high for ARQ is $7.89, which means the stock is currently trading -72.5% from its annual peak. The 52-week low is $1.54, putting the stock 40.9% above its annual trough. Recent trading volume was 457K shares, suggesting relatively thin trading activity.
Is ARQ Overvalued or Undervalued? — Valuation Analysis
Arq, Inc. (ARQ) carries a value factor score of 15/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 0.61x, versus the sector average of 2.83x. The price-to-sales ratio is 0.81x, compared to 0.74x for the average Materials stock. On an enterprise value basis, ARQ trades at 11.46x EV/EBITDA, versus 6.01x for the sector.
At current multiples, Arq, Inc. trades at a premium to most Materials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.
Arq, Inc. Profitability — ROE, Margins, and Quality Score
Arq, Inc. (ARQ) earns a quality factor score of 35/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -0.6%, compared to the Materials sector average of 3.3%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -0.4% versus the sector average of 0.6%.
On a margin basis, Arq, Inc. reports gross margins of 34.3%, compared to 29.8% for the sector. The operating margin is 0.1% (sector: 6.0%). Net profit margin stands at -1.0%, versus 3.0% for the average Materials stock. Revenue growth is running at 38.1% on a trailing basis, compared to 1.8% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
ARQ Debt, Balance Sheet, and Financial Health
Arq, Inc. has a debt-to-equity ratio of 17.0%, compared to the Materials sector average of 41.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 1.04x, suggesting adequate working capital coverage. Total debt on the balance sheet is $29M. Cash and equivalents stand at $7M.
ARQ has a beta of 1.24, meaning it is more volatile than the broader market — a $10,000 investment in ARQ would be expected to move 23.6% more than the S&P 500 on any given day. The stability factor score for Arq, Inc. is 22/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.
Arq, Inc. Revenue and Earnings History — Quarterly Trend
In TTM 2026, Arq, Inc. reported revenue of $126M and earnings per share (EPS) of $-1.27. Net income for the quarter was $-966,000. Gross margin was 34.3%. Operating income came in at $296,000.
In FY 2025, Arq, Inc. reported revenue of $120M and earnings per share (EPS) of $-1.27. Net income for the quarter was $-53M. Gross margin was 27.9%. Revenue grew 10.4% year-over-year compared to FY 2024. Operating income came in at $-53M.
In Q3 2025, Arq, Inc. reported revenue of $35M and earnings per share (EPS) of $-0.02. Net income for the quarter was $-653,000. Gross margin was 28.8%. Revenue grew 0.9% year-over-year compared to Q3 2024. Operating income came in at $-839,000.
In Q2 2025, Arq, Inc. reported revenue of $29M and earnings per share (EPS) of $-0.05. Net income for the quarter was $-2M. Gross margin was 33.3%. Revenue grew 12.5% year-over-year compared to Q2 2024. Operating income came in at $-2M.
Over the past 8 quarters, Arq, Inc. has demonstrated a growth trajectory, with revenue expanding from $25M to $126M. Investors analyzing ARQ stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
ARQ Dividend Yield and Income Analysis
Arq, Inc. (ARQ) does not currently pay a dividend. This is common among smaller companies in the Chemicals industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Materials dividend stocks may want to explore other Materials stocks or use the stock screener to filter by dividend yield.
ARQ Momentum and Technical Analysis Profile
Arq, Inc. (ARQ) has a momentum factor score of 19/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 23/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 53/100 reflects moderate short selling activity.
ARQ vs Competitors — Materials Sector Ranking and Peer Comparison
Within the Materials sector, Arq, Inc. (ARQ) ranks #294 out of 284 stocks based on the Blank Capital composite score. This places ARQ in the lower half of all Materials stocks in our coverage universe. Key competitors and sector peers include CF Industries Holdings, Inc. (CF) with a score of 56.6/100, Nutrien Ltd. (NTR) with a score of 56.6/100, CVR PARTNERS, LP (UAN) with a score of 55.6/100, LSB INDUSTRIES, INC. (LXU) with a score of 53.6/100, and ACME UNITED CORP (ACU) with a score of 51.2/100.
Comparing ARQ against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full ARQ vs S&P 500 (SPY) comparison to assess how Arq, Inc. stacks up against the broader market across all factor dimensions.
ARQ Next Earnings Date
No upcoming earnings date has been announced for Arq, Inc. (ARQ) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy ARQ? — Investment Thesis Summary
The quantitative profile for Arq, Inc. suggests caution. The quality score of 35/100 flags below-average profitability. The value score of 15/100 indicates premium valuation. Momentum is weak at 19/100, a headwind for near-term performance. High volatility (stability score 22/100) increases portfolio risk.
In summary, Arq, Inc. (ARQ) earns a Avoid rating with a composite score of 27.1/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on ARQ stock.
Related Resources for ARQ Investors
Explore more research and tools: ARQ vs S&P 500 comparison, top Materials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare ARQ head-to-head with peers: ARQ vs CF, ARQ vs NTR, ARQ vs UAN.