Quest Resource Holding Corporation (QRHC) Stock

Quest Resource Holding Corporation (QRHC) is a Utilities stock trading at $1.39 (as of 2026-09-02), with a market capitalization of $29.32M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Quest Resource Holding Corporation and its subsidiaries provide reuse, recycling, and disposal services for waste streams and recyclables in the United States, including recycling and disposal of materials such as motor oil and automotive lubricants, oil filters, scrap tires, and various regulated and non-regulated wastes, along with landfill diversion services. The company also supplies products such as antifreeze and windshield washer fluid and related equipment, serving retailers, automotive and fleet operators, manufacturing, commercial and multi-family properties, food and restaurant operations, and construction and demolition projects.

Understand Quest Resource Holding Corporation: how it makes money

Quest Resource hauls, recycles, and disposes of industrial and commercial waste (motor oil, plastics, food waste, construction debris) across the U.S., earning service fees per load from contracted customers. Most revenue comes from recurring service contracts with food-service, automotive, and industrial clients, though fuel costs and low per-ton fees keep margins razor-thin.

Profit hinges on hauling and processing diverse waste streams at regulated facilities, where thin per-ton service fees and fuel-linked transport costs leave virtually no operating leverage.

Business quality (Weak): Weak. The company generates revenue from recurring waste contracts but operates at a loss, with a 16% gross margin and a negative operating margin that signals the cost structure still outruns pricing power.

Bull case

Seven-figure QSR win opens expansion: Management highlighted a new seven-figure restaurant (QSR) contract with substantial expansion potential, signaling the food-service waste addressable market is well above current penetration and that cross-selling to the same account can drive multi-year revenue growth.
SG&A cuts rebuild operating leverage: Cost discipline is producing materially lower selling, general, and administrative expense, which moves the company toward operating breakeven even while top-line growth remains in the mid-single digits.

Bear case

Gross margin thin and shrinking: Gross margin sits at 16% and has declined year over year, meaning any uptick in diesel, labor, or waste-processing外包 costs consumes the entire gross-profit pool before fixed overhead is even covered.
Industrial tonnage tied to soft manufacturing: A meaningful share of waste volumes comes from industrial and manufacturing customers still exposed to a soft environment, as management acknowledged, capping the volume growth that the QSR and food-service wins would otherwise deliver.

Valuation — source: SEC EDGAR (first-party)
Price	$1.39
Market Cap	$29.32M
Price / Book	1.09
Price / Sales	0.12
FCF Yield	31.7%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$250.22M
Net Margin	-6.1%
Revenue Growth (YoY)	7.6%
EPS Growth (YoY)	533.3%
FCF Growth (YoY)	71.2%

Financial Health — source: SEC EDGAR
Altman Z-Score	0.49 (distress)
Piotroski F-Score	3/9 (weak)

Valuation vs Sector & Industry
Sector P/E (Utilities)	21.0
Industry P/E (Other)	20.6

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	WYNNEFIELD CAPITAL INC ($3.25M)
Institutional Holders Tracked	10

Company
Sector	Utilities
Industry	Other
CEO	Perry W. Moss
Employees	224
Country	US
IPO Date	2010-01-05

Quest Resource Holding Corporation earnings call transcripts

QRHC Q1 FY26 earnings call transcript (reported 2026-05-07) · analysis
QRHC Q4 FY25 earnings call transcript (reported 2026-03-12) · analysis

All QRHC earnings calls

Related Companies (Other; 8 comparable companies)

Data as of 2026-09-02.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.