WallStSmart

Arq Inc (ARQ)vsFuel Tech Inc (FTEK)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Arq Inc generates 363% more annual revenue ($122.14M vs $26.38M). FTEK leads profitability with a -11.2% profit margin vs -43.9%. FTEK appears more attractively valued with a PEG of 2.33. ARQ earns a higher WallStSmart Score of 40/100 (F).

ARQ

Hold

40

out of 100

Grade: F

Growth: 5.3Profit: 2.0Value: 5.7Quality: 6.0
Piotroski: 3/9Altman Z: 1.51

FTEK

Hold

39

out of 100

Grade: F

Growth: 4.7Profit: 2.0Value: 6.3Quality: 7.0
Piotroski: 4/9Altman Z: 0.65
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ARQUndervalued (+66.2%)

Margin of Safety

+66.2%

Fair Value

$11.25

Current Price

$2.60

$8.65 discount

UndervaluedFair: $11.25Overvalued
FTEKUndervalued (+39.3%)

Margin of Safety

+39.3%

Fair Value

$2.19

Current Price

$1.44

$0.75 discount

UndervaluedFair: $2.19Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ARQ2 strengths · Avg: 9.5/10
Price/BookValuation
0.7x10/10

Reasonable price relative to book value

Debt/EquityHealth
0.239/10

Conservative balance sheet, low leverage

FTEK3 strengths · Avg: 10.0/10
Price/BookValuation
1.1x10/10

Reasonable price relative to book value

EPS GrowthGrowth
276.0%10/10

Earnings expanding 276.0% YoY

Debt/EquityHealth
0.0110/10

Conservative balance sheet, low leverage

Areas to Watch

ARQ4 concerns · Avg: 3.5/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Altman Z-ScoreHealth
1.514/10

Distress zone — elevated risk

Market CapQuality
$111.61M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

FTEK4 concerns · Avg: 2.8/10
PEG RatioValuation
2.334/10

Expensive relative to growth rate

Market CapQuality
$42.38M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-7.3%2/10

ROE of -7.3% — below average capital efficiency

Revenue GrowthGrowth
-4.7%2/10

Revenue declined 4.7%

Comparative Analysis Report

WallStSmart Research

Bull Case : ARQ

The strongest argument for ARQ centers on Price/Book, Debt/Equity.

Bull Case : FTEK

The strongest argument for FTEK centers on Price/Book, EPS Growth, Debt/Equity.

Bear Case : ARQ

The primary concerns for ARQ are EPS Growth, Altman Z-Score, Market Cap.

Bear Case : FTEK

The primary concerns for FTEK are PEG Ratio, Market Cap, Return on Equity.

Key Dynamics to Monitor

ARQ carries more volatility with a beta of 2.70 — expect wider price swings.

ARQ is growing revenue faster at 6.6% — sustainability is the question.

ARQ generates stronger free cash flow (-598,000), providing more financial flexibility.

Monitor POLLUTION & TREATMENT CONTROLS industry trends, competitive dynamics, and regulatory changes.

Bottom Line

ARQ scores higher overall (40/100 vs 39/100). FTEK offers better value entry with a 39.3% margin of safety. Both earn "Hold" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Arq Inc

INDUSTRIALS · POLLUTION & TREATMENT CONTROLS · USA

Arq, Inc. produces activated carbon products in North America. The company is headquartered in Greenwood Village, Colorado.

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Fuel Tech Inc

INDUSTRIALS · POLLUTION & TREATMENT CONTROLS · USA

Fuel Tech, Inc. provides boiler optimization, efficiency improvement, and air pollution control and reduction solutions to industrial and utility customers around the world. The company is headquartered in Warrenville, Illinois.

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