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Side-by-side financial comparison of Arq, Inc. (ARQ) and Ostin Technology Group Co., Ltd. (OST). Click either name above to swap in a different company.

Arq, Inc. is the larger business by last-quarter revenue ($29.4M vs $20.8M, roughly 1.4× Ostin Technology Group Co., Ltd.). On growth, Ostin Technology Group Co., Ltd. posted the faster year-over-year revenue change (39.2% vs 8.8%).

Arq, Inc. is a sustainable technology firm focused on processing coal mining waste to produce high-value, low-carbon solid fuels and industrial carbon products. It caters to customers across the energy, construction, and manufacturing sectors, with core markets in North America and major European regions, aiming to cut industrial waste and carbon footprints for its clients.

Ostin Technology Group Co., Ltd. is a provider of display and interactive technology solutions. It develops and manufactures touch panels, interactive whiteboards and custom display modules, serving consumer electronics, education and commercial segments across Asia Pacific, North America and European markets.

ARQ vs OST — Head-to-Head

Bigger by revenue
ARQ
ARQ
1.4× larger
ARQ
$29.4M
$20.8M
OST
Growing faster (revenue YoY)
OST
OST
+30.4% gap
OST
39.2%
8.8%
ARQ

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
ARQ
ARQ
OST
OST
Revenue
$29.4M
$20.8M
Net Profit
$-5.2M
Gross Margin
13.6%
9.1%
Operating Margin
-174.1%
-23.4%
Net Margin
-24.8%
Revenue YoY
8.8%
39.2%
Net Profit YoY
-11.6%
EPS (diluted)
$-1.20
$-2.98

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ARQ
ARQ
OST
OST
Q4 25
$29.4M
Q3 25
$35.1M
Q2 25
$28.6M
Q1 25
$27.2M
$20.8M
Q4 24
$27.0M
Q3 24
$34.8M
Q2 24
$25.4M
Q1 24
$21.7M
$15.0M
Net Profit
ARQ
ARQ
OST
OST
Q4 25
Q3 25
$-653.0K
Q2 25
$-2.1M
Q1 25
$203.0K
$-5.2M
Q4 24
Q3 24
$1.6M
Q2 24
$-2.0M
Q1 24
$-3.4M
$-4.6M
Gross Margin
ARQ
ARQ
OST
OST
Q4 25
13.6%
Q3 25
28.8%
Q2 25
33.3%
Q1 25
36.4%
9.1%
Q4 24
36.3%
Q3 24
38.6%
Q2 24
32.2%
Q1 24
36.9%
5.9%
Operating Margin
ARQ
ARQ
OST
OST
Q4 25
-174.1%
Q3 25
-2.4%
Q2 25
-5.4%
Q1 25
2.4%
-23.4%
Q4 24
1.5%
Q3 24
5.8%
Q2 24
-5.6%
Q1 24
-13.7%
-25.3%
Net Margin
ARQ
ARQ
OST
OST
Q4 25
Q3 25
-1.9%
Q2 25
-7.5%
Q1 25
0.7%
-24.8%
Q4 24
Q3 24
4.7%
Q2 24
-7.7%
Q1 24
-15.7%
-31.0%
EPS (diluted)
ARQ
ARQ
OST
OST
Q4 25
$-1.20
Q3 25
$-0.02
Q2 25
$-0.05
Q1 25
$0.00
$-2.98
Q4 24
$-0.03
Q3 24
$0.04
Q2 24
$-0.06
Q1 24
$-0.09
$-0.29

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARQ
ARQ
OST
OST
Cash + ST InvestmentsLiquidity on hand
$6.6M
$1.7M
Total DebtLower is stronger
$28.7M
Stockholders' EquityBook value
$168.0M
$2.7M
Total Assets
$230.6M
$52.6M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARQ
ARQ
OST
OST
Q4 25
$6.6M
Q3 25
$7.0M
Q2 25
$7.0M
Q1 25
$6.3M
$1.7M
Q4 24
$13.5M
Q3 24
$48.7M
Q2 24
$28.5M
Q1 24
$35.2M
$1.7M
Total Debt
ARQ
ARQ
OST
OST
Q4 25
$28.7M
Q3 25
$26.1M
Q2 25
$28.9M
Q1 25
$27.1M
Q4 24
$25.1M
Q3 24
$21.6M
Q2 24
$22.2M
Q1 24
$22.6M
Stockholders' Equity
ARQ
ARQ
OST
OST
Q4 25
$168.0M
Q3 25
$217.2M
Q2 25
$216.8M
Q1 25
$218.2M
$2.7M
Q4 24
$217.3M
Q3 24
$218.1M
Q2 24
$189.6M
Q1 24
$175.2M
$10.3M
Total Assets
ARQ
ARQ
OST
OST
Q4 25
$230.6M
Q3 25
$277.9M
Q2 25
$284.5M
Q1 25
$283.7M
$52.6M
Q4 24
$284.4M
Q3 24
$280.0M
Q2 24
$248.6M
Q1 24
$229.8M
$51.4M
Debt / Equity
ARQ
ARQ
OST
OST
Q4 25
0.17×
Q3 25
0.12×
Q2 25
0.13×
Q1 25
0.12×
Q4 24
0.12×
Q3 24
0.10×
Q2 24
0.12×
Q1 24
0.13×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARQ
ARQ
OST
OST
Operating Cash FlowLast quarter
$-2.8M
Free Cash FlowOCF − Capex
$-3.5M
FCF MarginFCF / Revenue
-12.0%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-11.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARQ
ARQ
OST
OST
Q4 25
$-2.8M
Q3 25
$5.3M
Q2 25
$527.0K
Q1 25
$-5.8M
Q4 24
$5.2M
Q3 24
$7.7M
Q2 24
$-3.0M
Q1 24
$526.0K
$-3.9M
Free Cash Flow
ARQ
ARQ
OST
OST
Q4 25
$-3.5M
Q3 25
$3.1M
Q2 25
$-1.4M
Q1 25
$-9.5M
Q4 24
$-37.8M
Q3 24
$-5.8M
Q2 24
$-22.1M
Q1 24
$-9.1M
$-4.5M
FCF Margin
ARQ
ARQ
OST
OST
Q4 25
-12.0%
Q3 25
8.8%
Q2 25
-4.7%
Q1 25
-34.9%
Q4 24
-139.6%
Q3 24
-16.5%
Q2 24
-87.1%
Q1 24
-41.7%
-30.1%
Capex Intensity
ARQ
ARQ
OST
OST
Q4 25
2.7%
Q3 25
6.3%
Q2 25
6.6%
Q1 25
13.6%
Q4 24
158.9%
Q3 24
38.7%
Q2 24
75.5%
Q1 24
44.1%
4.1%
Cash Conversion
ARQ
ARQ
OST
OST
Q4 25
Q3 25
Q2 25
Q1 25
-28.59×
Q4 24
Q3 24
4.76×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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