ARQ
Arq, Inc.
ARQ has lower modeled downside risk, despite its lower overall score.
RDW
Redwire Corporation
RDW has the edge over ARQ overall, supported by stronger fundamentals and stronger modeled upside.
ARQ Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Stable | |
| Stable |
ARQ's revenue, cash flow and balance sheet are currently stable, but its profitability is weak.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
ARQ PE Valuation
ARQ has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 1545x next year's earnings.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
ARQ Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect ARQ to return to profit, with revenue growing.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
ARQ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.00 | — |
| Q3 2026 | -$1.18 | -$1.08 |
| Q2 2026 | -$1.26 | -$1.22 |
| Q1 2026 | -$1.29 | -$1.24 |
| Q4 2025 | -$1.27 | -$1.13 |
| Q3 2025 | -$0.10 | -243% |
| Q2 2025 | -$0.04 | $0.00 |
| Q1 2025 | -$0.05 | +$0.14 |
| Q4 2024 | -$0.14 | +$0.28 |
ARQ lost $1.18 per share over the past year, a bigger loss than the year before.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW has the edge over ARQ on earnings, with more consistent year-over-year improvement.
ARQ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $38.2M | +8.9% |
| Q2 2026 | $29.9M | +4.5% |
| Q1 2026 | $29.1M | +6.6% |
| Q4 2025 | $29.4M | +8.8% |
| Q3 2025 | $35.1M | +0.9% |
| Q2 2025 | $28.6M | +13% |
| Q1 2025 | $27.2M | +25% |
| Q4 2024 | $27M | -3.8% |
ARQ's revenue has grown year over year for seven quarters in a row: $38M last quarter, up 8.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.2% | +11 points |
| Q2 2026 | -0.2% | +5.2 points |
| Q1 2026 | -3.4% | -5.8 points |
| Q4 2025 | -174% | -176 points |
| Q3 2025 | -2.4% | -8.2 points |
| Q2 2025 | -5.4% | +0.1 points |
| Q1 2025 | 2.4% | +16 points |
| Q4 2024 | 1.5% | -9.5 points |
ARQ has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW's revenue has grown year over year for five quarters in a row: $109M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
ARQ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $9.6M | +209% |
| Q2 2026 | -$4M | -$2.6M |
| Q1 2026 | -$676K | +$8.8M |
| Q4 2025 | -$3.5M | +$34.2M |
| Q3 2025 | $3.1M | +$8.9M |
| Q2 2025 | -$1.4M | +$20.8M |
| Q1 2025 | -$9.5M | -$443K |
| Q4 2024 | -$37.8M | -$31.7M |
ARQ has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
ARQ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2% | +847K shares |
| 1 year | +3.2% | +1.3M shares |
| 3 years | +35% | +11.1M shares |
| 5 years | +133% | +24.6M shares |
| Available history | +135% | +24.7M shares |
ARQ has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | $159,000 |
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
ARQ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | 2.0x | Healthy |
| Q2 2025 | 1.9x | Healthy |
| Q1 2025 | 1.9x | Healthy |
| Q4 2024 | 1.7x | Healthy |
| Q3 2024 | -2.9x | Net Cash |
| Q2 2024 | -1.5x | Net Cash |
| Q1 2024 | -8.9x | Net Cash |
| Q2 2022 | -15.0x | Net Cash |
ARQ's net debt is about 2.0 years of its operating earnings (EBITDA), after holding more cash than debt a year ago.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
ARQ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.3 | Neutral |
| Stochastic | 65.2 | Neutral |
ARQ's weekly RSI is 63 (neutral) and its Stochastic is 65 (neutral).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
ARQ PE vs Industrials Sector
| Metric | ARQ | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
ARQ has no meaningful PE right now: it lost money over the past year.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
ARQ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.11 | 46% above |
| 20 week MA | $2.15 | 44% above |
| 50 week MA | $2.62 | 18% above |
| 100 week MA | $4.11 | 25% below |
| 200 week MA | $4.05 | 24% below |
ARQ has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
ARQ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.1 | $5.96 | -41% |
| 2021 | $5.96 | $6.62 | +11% |
| 2022 | $6.62 | $2.28 | -66% |
| 2023 | $2.28 | $2.98 | +31% |
| 2024 | $2.98 | $7.13 | +139% |
| 2025 | $7.13 | $3.41 | -52% |
| 2026 YTD | $3.41 | $3.09 | -9.4% |
ARQ's yearly returns have swung widely, from +139% in 2024 to −66% in 2022. It's down 9.4% so far in 2026.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW has the edge over ARQ on returns for 2026, with the stronger performance.