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Arq, Inc.（ARQ）与陶氏公司（DOW）财务数据对比。点击上方公司名可切换其他公司
陶氏公司的季度营收约是Arq, Inc.的321.4倍（$9.5B vs $29.4M）。Arq, Inc.同比增速更快（8.8% vs -9.3%）。过去两年Arq, Inc.的营收复合增速更高（16.4% vs -6.9%）
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。
陶氏化学是总部位于美国密歇根州米德兰的跨国化工企业，2021年位列全球前三大化工生产商，为特拉华州注册的上市控股公司陶氏公司旗下运营子公司，其产品与解决方案广泛服务于制造业、消费品、基础设施建设等全球多个核心产业领域。
ARQ vs DOW — 直观对比
营收规模更大
DOW
是对方的321.4倍
$29.4M
营收增速更快
ARQ
高出18.2%
-9.3%
两年增速更快
ARQ
近两年复合增速
-6.9%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $29.4M | $9.5B |
| 净利润 | — | — |
| 毛利率 | 13.6% | 5.8% |
| 营业利润率 | -174.1% | — |
| 净利率 | — | — |
| 营收同比 | 8.8% | -9.3% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $-1.20 | $-2.16 |
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ARQDOW
| Q1 26 | — | $9.5B | ||
| Q4 25 | $29.4M | $9.5B | ||
| Q3 25 | $35.1M | $10.0B | ||
| Q2 25 | $28.6M | $10.1B | ||
| Q1 25 | $27.2M | $10.4B | ||
| Q4 24 | $27.0M | $10.4B | ||
| Q3 24 | $34.8M | $10.9B | ||
| Q2 24 | $25.4M | $10.9B |
净利润ARQDOW
| Q1 26 | — | — | ||
| Q4 25 | — | $-1.5B | ||
| Q3 25 | $-653.0K | $62.0M | ||
| Q2 25 | $-2.1M | $-835.0M | ||
| Q1 25 | $203.0K | $-307.0M | ||
| Q4 24 | — | $-35.0M | ||
| Q3 24 | $1.6M | $214.0M | ||
| Q2 24 | $-2.0M | $439.0M |
毛利率ARQDOW
| Q1 26 | — | 5.8% | ||
| Q4 25 | 13.6% | 5.8% | ||
| Q3 25 | 28.8% | 7.3% | ||
| Q2 25 | 33.3% | 5.8% | ||
| Q1 25 | 36.4% | 6.4% | ||
| Q4 24 | 36.3% | 9.0% | ||
| Q3 24 | 38.6% | 9.8% | ||
| Q2 24 | 32.2% | 12.1% |
营业利润率ARQDOW
| Q1 26 | — | — | ||
| Q4 25 | -174.1% | -16.4% | ||
| Q3 25 | -2.4% | 0.7% | ||
| Q2 25 | -5.4% | -6.5% | ||
| Q1 25 | 2.4% | -3.6% | ||
| Q4 24 | 1.5% | 2.1% | ||
| Q3 24 | 5.8% | 3.0% | ||
| Q2 24 | -5.6% | 5.6% |
净利率ARQDOW
| Q1 26 | — | — | ||
| Q4 25 | — | -15.6% | ||
| Q3 25 | -1.9% | 0.6% | ||
| Q2 25 | -7.5% | -8.3% | ||
| Q1 25 | 0.7% | -2.9% | ||
| Q4 24 | — | -0.3% | ||
| Q3 24 | 4.7% | 2.0% | ||
| Q2 24 | -7.7% | 4.0% |
每股收益（稀释后）ARQDOW
| Q1 26 | — | $-2.16 | ||
| Q4 25 | $-1.20 | $-2.16 | ||
| Q3 25 | $-0.02 | $0.08 | ||
| Q2 25 | $-0.05 | $-1.18 | ||
| Q1 25 | $0.00 | $-0.44 | ||
| Q4 24 | $-0.03 | $-0.08 | ||
| Q3 24 | $0.04 | $0.30 | ||
| Q2 24 | $-0.06 | $0.62 |
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 | $6.6M | $3.8B |
| 总债务越低越好 | $28.7M | $17.8B |
| 股东权益账面价值 | $168.0M | $16.0B |
| 总资产 | $230.6M | $58.5B |
| 负债/权益比越低杠杆越低 | 0.17× | 1.12× |
8季度趋势，按日历期对齐
现金及短期投资ARQDOW
| Q1 26 | — | $3.8B | ||
| Q4 25 | $6.6M | $3.8B | ||
| Q3 25 | $7.0M | $4.6B | ||
| Q2 25 | $7.0M | $2.4B | ||
| Q1 25 | $6.3M | $1.5B | ||
| Q4 24 | $13.5M | $2.2B | ||
| Q3 24 | $48.7M | $2.9B | ||
| Q2 24 | $28.5M | $3.3B |
总债务ARQDOW
| Q1 26 | — | $17.8B | ||
| Q4 25 | $28.7M | $17.8B | ||
| Q3 25 | $26.1M | $17.7B | ||
| Q2 25 | $28.9M | $16.2B | ||
| Q1 25 | $27.1M | $15.9B | ||
| Q4 24 | $25.1M | $15.7B | ||
| Q3 24 | $21.6M | $16.2B | ||
| Q2 24 | $22.2M | $16.0B |
股东权益ARQDOW
| Q1 26 | — | $16.0B | ||
| Q4 25 | $168.0M | $16.0B | ||
| Q3 25 | $217.2M | $17.5B | ||
| Q2 25 | $216.8M | $17.2B | ||
| Q1 25 | $218.2M | $16.8B | ||
| Q4 24 | $217.3M | $17.4B | ||
| Q3 24 | $218.1M | $18.3B | ||
| Q2 24 | $189.6M | $18.3B |
总资产ARQDOW
| Q1 26 | — | $58.5B | ||
| Q4 25 | $230.6M | $58.5B | ||
| Q3 25 | $277.9M | $61.0B | ||
| Q2 25 | $284.5M | $59.0B | ||
| Q1 25 | $283.7M | $57.5B | ||
| Q4 24 | $284.4M | $57.3B | ||
| Q3 24 | $280.0M | $59.4B | ||
| Q2 24 | $248.6M | $58.5B |
负债/权益比ARQDOW
| Q1 26 | — | 1.12× | ||
| Q4 25 | 0.17× | 1.12× | ||
| Q3 25 | 0.12× | 1.01× | ||
| Q2 25 | 0.13× | 0.94× | ||
| Q1 25 | 0.12× | 0.95× | ||
| Q4 24 | 0.12× | 0.91× | ||
| Q3 24 | 0.10× | 0.88× | ||
| Q2 24 | 0.12× | 0.87× |
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 | $-2.8M | — |
| 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ARQDOW
| Q1 26 | — | — | ||
| Q4 25 | $-2.8M | $284.0M | ||
| Q3 25 | $5.3M | $1.1B | ||
| Q2 25 | $527.0K | $-470.0M | ||
| Q1 25 | $-5.8M | $91.0M | ||
| Q4 24 | $5.2M | $814.0M | ||
| Q3 24 | $7.7M | $800.0M | ||
| Q2 24 | $-3.0M | $836.0M |
自由现金流ARQDOW
| Q1 26 | — | — | ||
| Q4 25 | $-3.5M | $-284.0M | ||
| Q3 25 | $3.1M | $563.0M | ||
| Q2 25 | $-1.4M | $-1.1B | ||
| Q1 25 | $-9.5M | $-594.0M | ||
| Q4 24 | $-37.8M | $47.0M | ||
| Q3 24 | $-5.8M | $64.0M | ||
| Q2 24 | $-22.1M | $113.0M |
自由现金流率ARQDOW
| Q1 26 | — | — | ||
| Q4 25 | -12.0% | -3.0% | ||
| Q3 25 | 8.8% | 5.6% | ||
| Q2 25 | -4.7% | -11.2% | ||
| Q1 25 | -34.9% | -5.7% | ||
| Q4 24 | -139.6% | 0.5% | ||
| Q3 24 | -16.5% | 0.6% | ||
| Q2 24 | -87.1% | 1.0% |
资本支出强度ARQDOW
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | 6.0% | ||
| Q3 25 | 6.3% | 5.7% | ||
| Q2 25 | 6.6% | 6.6% | ||
| Q1 25 | 13.6% | 6.6% | ||
| Q4 24 | 158.9% | 7.4% | ||
| Q3 24 | 38.7% | 6.8% | ||
| Q2 24 | 75.5% | 6.6% |
现金转化率ARQDOW
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 18.18× | ||
| Q2 25 | — | — | ||
| Q1 25 | -28.59× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.76× | 3.74× | ||
| Q2 24 | — | 1.90× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
