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Side-by-side financial comparison of Arq, Inc. (ARQ) and Strawberry Fields REIT, Inc. (STRW). Click either name above to swap in a different company.

Strawberry Fields REIT, Inc. is the larger business by last-quarter revenue ($40.1M vs $29.4M, roughly 1.4× Arq, Inc.). On growth, Strawberry Fields REIT, Inc. posted the faster year-over-year revenue change (31.5% vs 8.8%). Over the past eight quarters, Strawberry Fields REIT, Inc.'s revenue compounded faster (20.0% CAGR vs 16.4%).

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.

Strawberry Fields REIT, Inc. is a real estate investment trust focused on healthcare-related real estate assets. It owns, operates and manages skilled nursing facilities, senior living communities, and medical office buildings, primarily serving markets across the United States for healthcare providers and elderly care operators.

ARQ vs STRW — Head-to-Head

Bigger by revenue
STRW
STRW
1.4× larger
STRW
$40.1M
$29.4M
ARQ
Growing faster (revenue YoY)
STRW
STRW
+22.7% gap
STRW
31.5%
8.8%
ARQ
Faster 2-yr revenue CAGR
STRW
STRW
Annualised
STRW
20.0%
16.4%
ARQ

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARQ
ARQ
STRW
STRW
Revenue
$29.4M
$40.1M
Net Profit
$2.0M
Gross Margin
13.6%
Operating Margin
-174.1%
52.4%
Net Margin
5.0%
Revenue YoY
8.8%
31.5%
Net Profit YoY
37.6%
EPS (diluted)
$-1.20
$0.15

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
STRW
STRW
Q4 25
$29.4M
$40.1M
Q3 25
$35.1M
$39.7M
Q2 25
$28.6M
$37.9M
Q1 25
$27.2M
$37.3M
Q4 24
$27.0M
$30.5M
Q3 24
$34.8M
$29.5M
Q2 24
$25.4M
$29.3M
Q1 24
$21.7M
$27.8M
Net Profit
ARQ
ARQ
STRW
STRW
Q4 25
$2.0M
Q3 25
$-653.0K
$2.0M
Q2 25
$-2.1M
$2.0M
Q1 25
$203.0K
$1.6M
Q4 24
$1.5M
Q3 24
$1.6M
$944.0K
Q2 24
$-2.0M
$938.0K
Q1 24
$-3.4M
$746.0K
Gross Margin
ARQ
ARQ
STRW
STRW
Q4 25
13.6%
Q3 25
28.8%
Q2 25
33.3%
Q1 25
36.4%
Q4 24
36.3%
Q3 24
38.6%
Q2 24
32.2%
Q1 24
36.9%
Operating Margin
ARQ
ARQ
STRW
STRW
Q4 25
-174.1%
52.4%
Q3 25
-2.4%
56.6%
Q2 25
-5.4%
54.5%
Q1 25
2.4%
54.1%
Q4 24
1.5%
51.5%
Q3 24
5.8%
54.4%
Q2 24
-5.6%
52.3%
Q1 24
-13.7%
51.3%
Net Margin
ARQ
ARQ
STRW
STRW
Q4 25
5.0%
Q3 25
-1.9%
5.1%
Q2 25
-7.5%
5.2%
Q1 25
0.7%
4.2%
Q4 24
4.8%
Q3 24
4.7%
3.2%
Q2 24
-7.7%
3.2%
Q1 24
-15.7%
2.7%
EPS (diluted)
ARQ
ARQ
STRW
STRW
Q4 25
$-1.20
$0.15
Q3 25
$-0.02
$0.16
Q2 25
$-0.05
$0.16
Q1 25
$0.00
$0.13
Q4 24
$-0.03
$0.17
Q3 24
$0.04
$0.14
Q2 24
$-0.06
$0.14
Q1 24
$-0.09
$0.12

Balance Sheet & Financial Strength

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

Metric
ARQ
ARQ
STRW
STRW
Cash + ST InvestmentsLiquidity on hand
$6.6M
$31.8M
Total DebtLower is stronger
$28.7M
$794.7M
Stockholders' EquityBook value
$168.0M
$12.1M
Total Assets
$230.6M
$885.2M
Debt / EquityLower = less leverage
0.17×
65.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARQ
ARQ
STRW
STRW
Q4 25
$6.6M
$31.8M
Q3 25
$7.0M
$19.8M
Q2 25
$7.0M
$96.3M
Q1 25
$6.3M
$42.3M
Q4 24
$13.5M
$48.4M
Q3 24
$48.7M
$29.3M
Q2 24
$28.5M
$16.1M
Q1 24
$35.2M
$15.1M
Total Debt
ARQ
ARQ
STRW
STRW
Q4 25
$28.7M
$794.7M
Q3 25
$26.1M
$779.4M
Q2 25
$28.9M
$794.1M
Q1 25
$27.1M
$715.5M
Q4 24
$25.1M
$673.9M
Q3 24
$21.6M
$584.5M
Q2 24
$22.2M
$555.0M
Q1 24
$22.6M
$560.4M
Stockholders' Equity
ARQ
ARQ
STRW
STRW
Q4 25
$168.0M
$12.1M
Q3 25
$217.2M
$14.2M
Q2 25
$216.8M
$15.5M
Q1 25
$218.2M
$19.6M
Q4 24
$217.3M
$18.2M
Q3 24
$218.1M
$12.6M
Q2 24
$189.6M
$7.4M
Q1 24
$175.2M
$7.5M
Total Assets
ARQ
ARQ
STRW
STRW
Q4 25
$230.6M
$885.2M
Q3 25
$277.9M
$880.6M
Q2 25
$284.5M
$897.3M
Q1 25
$283.7M
$834.8M
Q4 24
$284.4M
$787.6M
Q3 24
$280.0M
$661.5M
Q2 24
$248.6M
$635.9M
Q1 24
$229.8M
$634.9M
Debt / Equity
ARQ
ARQ
STRW
STRW
Q4 25
0.17×
65.64×
Q3 25
0.12×
54.70×
Q2 25
0.13×
51.26×
Q1 25
0.12×
36.47×
Q4 24
0.12×
37.09×
Q3 24
0.10×
46.34×
Q2 24
0.12×
74.61×
Q1 24
0.13×
74.81×

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
STRW
STRW
Operating Cash FlowLast quarter
$-2.8M
$90.0M
Free Cash FlowOCF − Capex
$-3.5M
FCF MarginFCF / Revenue
-12.0%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
44.62×
TTM Free Cash FlowTrailing 4 quarters
$-11.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARQ
ARQ
STRW
STRW
Q4 25
$-2.8M
$90.0M
Q3 25
$5.3M
$20.7M
Q2 25
$527.0K
$29.8M
Q1 25
$-5.8M
$19.0M
Q4 24
$5.2M
$59.3M
Q3 24
$7.7M
$11.8M
Q2 24
$-3.0M
$20.6M
Q1 24
$526.0K
$2.1M
Free Cash Flow
ARQ
ARQ
STRW
STRW
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
FCF Margin
ARQ
ARQ
STRW
STRW
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%
Capex Intensity
ARQ
ARQ
STRW
STRW
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%
Cash Conversion
ARQ
ARQ
STRW
STRW
Q4 25
44.62×
Q3 25
10.26×
Q2 25
15.24×
Q1 25
-28.59×
11.97×
Q4 24
40.44×
Q3 24
4.76×
12.53×
Q2 24
21.93×
Q1 24
2.85×

Financial Flow Comparison

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

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