Aqua Metals (AQMS) Equity Ratio (2014 - 2025)

Aqua Metals (AQMS) reported Equity Ratio of 0.75 for Q4 2025, up 21.65% year-over-year from 0.62 in Q4 2024, and up 20.71% quarter-over-quarter from 0.62 in Q3 2025.

Aqua Metals (AQMS) Equity Ratio (2014 - 2025) Analysis & Trends

Aqua Metals (AQMS) has 12 years of Equity Ratio data on file, last reported at 0.75 in Q4 2025.

  • Equity Ratio for Q4 2025 came in at 0.75, up 21.65% year-over-year; the trailing twelve-month figure through Dec 2025 was 0.75 (up 21.65% YoY), and the FY2025 annual result was 0.75, up 21.65% from the prior year.
  • Equity Ratio improved to 0.75 in Q4 2025 per AQMS's latest filing, from 0.62 in the prior quarter.
  • Over five years, Equity Ratio peaked at 0.9 in Q1 2021 and troughed at 0.53 in Q1 2025.
  • A 5-year average of 0.73 and a median of 0.74 in 2024 frame the typical range for Equity Ratio.
  • The sharpest annual moves came in 2023 and 2024: Equity Ratio sank 31.72% in 2023, then advanced 29.37% in 2024.
  • A 5-year view of Equity Ratio shows it stood at 0.83 in 2021, then dropped by 24.56% to 0.62 in 2022, then increased by 24.25% to 0.78 in 2023, then decreased by 20.57% to 0.62 in 2024, then increased by 21.65% to 0.75 in 2025.
  • Business Quant data shows AQMS's Equity Ratio at 0.75 in Q4 2025, 0.62 in Q3 2025, and 0.55 in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 GFL Environmental 252.38 Bn 252.50 Bn 218.62 Mn 0.36
2 Waste Connections 40.24 Bn 40.13 Bn 1.01 Bn 0.38
3 Clean Harbors 15.26 Bn 14.59 Bn 445.42 Mn 0.37
4 Casella Waste Systems 5.57 Bn 5.43 Bn 148.40 Mn 0.48
5 Enviri 1.71 Bn 1.63 Bn - -
6 Onterris 613.85 Mn 602.80 Mn - -
7 American Battery Technology 425.23 Mn 386.75 Mn 737,749.00 0.94
8 Waste Management 198.93 Mn 41.93 Mn 2.53 Bn 0.22
9 Perma Fix Environmental Services 184.86 Mn 164.86 Mn -2.88 Mn 0.53
10 Aqua Metals 4.97 Mn 4.97 Mn - 0.75

Historic Data

Download Data
DateValue
Dec 31, 2025 0.75
Sep 30, 2025 0.62
Jun 30, 2025 0.55
Mar 31, 2025 0.53
Dec 31, 2024 0.62
Sep 30, 2024 0.73
Jun 30, 2024 0.75
Mar 31, 2024 0.73
Dec 31, 2023 0.78
Sep 30, 2023 0.84
Jun 30, 2023 0.72
Mar 31, 2023 0.56
Dec 31, 2022 0.62
Sep 30, 2022 0.67
Jun 30, 2022 0.83
Mar 31, 2022 0.82
Dec 31, 2021 0.83
Sep 30, 2021 0.82
Jun 30, 2021 0.83
Mar 31, 2021 0.90