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Aqua Metals, Inc.（AQMS）与Arq, Inc.（ARQ）财务数据对比。点击上方公司名可切换其他公司
Aqua Metals, Inc.专注于铅酸电池可持续回收技术的研发与商业化，采用创新湿法冶金工艺替代高污染传统冶炼模式，主要服务北美汽车、储能及工业电池领域，推动电池关键材料的循环经济落地。
Arq Inc是一家可持续发展技术企业，主营将煤矿开采废弃物加工为高价值低碳固体燃料及工业碳产品，服务能源、建筑、制造等领域客户，核心市场覆盖北美及欧洲主要地区，致力于帮助工业客户减少废弃物、降低碳排放。
AQMS vs ARQ — 直观对比
营收规模更大
ARQ
是对方的Infinity倍
$0
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $0 | $29.4M |
| 净利润 | $-3.1M | — |
| 毛利率 | — | 13.6% |
| 营业利润率 | — | -174.1% |
| 净利率 | — | — |
| 营收同比 | — | 8.8% |
| 净利润同比 | 40.1% | — |
| 每股收益（稀释后） | — | $-1.20 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AQMSARQ
| Q4 25 | — | $29.4M | ||
| Q3 25 | $0 | $35.1M | ||
| Q2 25 | — | $28.6M | ||
| Q1 25 | $0 | $27.2M | ||
| Q4 24 | — | $27.0M | ||
| Q3 24 | $0 | $34.8M | ||
| Q2 24 | $0 | $25.4M | ||
| Q1 24 | $0 | $21.7M |
净利润AQMSARQ
| Q4 25 | — | — | ||
| Q3 25 | $-3.1M | $-653.0K | ||
| Q2 25 | — | $-2.1M | ||
| Q1 25 | $-8.3M | $203.0K | ||
| Q4 24 | — | — | ||
| Q3 24 | $-5.2M | $1.6M | ||
| Q2 24 | $-6.2M | $-2.0M | ||
| Q1 24 | $-5.8M | $-3.4M |
毛利率AQMSARQ
| 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% |
营业利润率AQMSARQ
| Q4 25 | — | -174.1% | ||
| Q3 25 | — | -2.4% | ||
| Q2 25 | — | -5.4% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 5.8% | ||
| Q2 24 | — | -5.6% | ||
| Q1 24 | — | -13.7% |
净利率AQMSARQ
| Q4 25 | — | — | ||
| Q3 25 | — | -1.9% | ||
| Q2 25 | — | -7.5% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | -7.7% | ||
| Q1 24 | — | -15.7% |
每股收益（稀释后）AQMSARQ
| Q4 25 | — | $-1.20 | ||
| Q3 25 | — | $-0.02 | ||
| Q2 25 | — | $-0.05 | ||
| Q1 25 | — | $0.00 | ||
| Q4 24 | — | $-0.03 | ||
| Q3 24 | — | $0.04 | ||
| Q2 24 | — | $-0.06 | ||
| Q1 24 | — | $-0.09 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $3.6M | $6.6M |
| 总债务越低越好 | — | $28.7M |
| 股东权益账面价值 | $6.5M | $168.0M |
| 总资产 | $10.5M | $230.6M |
| 负债/权益比越低杠杆越低 | — | 0.17× |
8季度趋势，按日历期对齐
现金及短期投资AQMSARQ
| Q4 25 | — | $6.6M | ||
| Q3 25 | $3.6M | $7.0M | ||
| Q2 25 | — | $7.0M | ||
| Q1 25 | $1.6M | $6.3M | ||
| Q4 24 | — | $13.5M | ||
| Q3 24 | $3.0M | $48.7M | ||
| Q2 24 | $7.8M | $28.5M | ||
| Q1 24 | $8.3M | $35.2M |
总债务AQMSARQ
| 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 |
股东权益AQMSARQ
| Q4 25 | — | $168.0M | ||
| Q3 25 | $6.5M | $217.2M | ||
| Q2 25 | — | $216.8M | ||
| Q1 25 | $9.5M | $218.2M | ||
| Q4 24 | — | $217.3M | ||
| Q3 24 | $20.9M | $218.1M | ||
| Q2 24 | $25.2M | $189.6M | ||
| Q1 24 | $22.9M | $175.2M |
总资产AQMSARQ
| Q4 25 | — | $230.6M | ||
| Q3 25 | $10.5M | $277.9M | ||
| Q2 25 | — | $284.5M | ||
| Q1 25 | $18.1M | $283.7M | ||
| Q4 24 | — | $284.4M | ||
| Q3 24 | $28.5M | $280.0M | ||
| Q2 24 | $33.7M | $248.6M | ||
| Q1 24 | $31.4M | $229.8M |
负债/权益比AQMSARQ
| 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× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-2.3M | $-2.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-3.5M |
| 自由现金流率自由现金流/营收 | — | -12.0% |
| 资本支出强度资本支出/营收 | — | 2.7% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-11.3M |
8季度趋势，按日历期对齐
经营现金流AQMSARQ
| Q4 25 | — | $-2.8M | ||
| Q3 25 | $-2.3M | $5.3M | ||
| Q2 25 | — | $527.0K | ||
| Q1 25 | $-2.8M | $-5.8M | ||
| Q4 24 | — | $5.2M | ||
| Q3 24 | $-3.6M | $7.7M | ||
| Q2 24 | $-3.8M | $-3.0M | ||
| Q1 24 | $-4.3M | $526.0K |
自由现金流AQMSARQ
| Q4 25 | — | $-3.5M | ||
| Q3 25 | — | $3.1M | ||
| Q2 25 | — | $-1.4M | ||
| Q1 25 | $-3.0M | $-9.5M | ||
| Q4 24 | — | $-37.8M | ||
| Q3 24 | $-4.6M | $-5.8M | ||
| Q2 24 | $-7.5M | $-22.1M | ||
| Q1 24 | $-7.0M | $-9.1M |
自由现金流率AQMSARQ
| 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% |
资本支出强度AQMSARQ
| 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% |
现金转化率AQMSARQ
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -28.59× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 4.76× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
