Quest Resource Holding Corporation
QRHCActiveCIK 1442236 · Core Solid Waste & Recycling
N/A
Market data as of N/A
Financials: LTM / latest available company filings
Sources: FMP, QRHC filings, SEC EDGAR
$24
Market cap ($MM)
$87
Enterprise value ($MM)
$244
Revenue · LTM ($MM)
$3
EBITDA · LTM ($MM)
1%
EBITDA margin
0.4x
EV / revenue
30.9x
EV / EBITDA
22.1x
Net debt / EBITDA
Coverage
Coverage view
The analytical read on the name and the balance-sheet capacity behind the program.
Key points
- 01QRHC is a scaled public consolidator in Solid Waste, a benchmark for how the sub-sector buys, pays, and trades.
- 02The relevant peer set is WM, RSG, WCN, CLH, GFL, CWST.
Balance sheet & capacity
Indicative capacity read: 22.1x net debt / EBITDA with EBITDA of $2.8MM.
$1
Cash & equiv. ($MM)
$63
Total debt ($MM)
$62
Net debt ($MM)
22.1x
Net debt / EBITDA
Valuation
Where it trades against its peer set
QRHC versus the scaled public Core Solid Waste & Recycling comparables.
Indexed share-price performance
QRHC versus available Core Solid Waste & Recycling peers and SPY.
-75%
QRHC
N/A
Peer med.
+79%
SPY
Indexed to 100 from May 28, 2021 through May 26, 2026. Source: FMP month-end close history.
| Company | Ticker | Revenue ($MM) | EBITDA ($MM) | Margin | Market cap ($MM) | EV ($MM) | EV / rev | EV / EBITDA | Net debt / EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| Quest Resource Holding Corporation | QRHC | $244 | $3 | 1% | $24 | $87 | 0.4x | 30.9x | 22.1x |
Financials via Financial Modeling Prep (SEC-derived TTM). EV/EBITDA distribution: each dot a live peer, band = interquartile range, line = median. Impossible values (EBITDA > revenue, negative-EBITDA multiples) shown NM.
M&A program
A sustained, programmatic tuck-in cadence
QRHC's disclosed acquisition footprint and the deals behind it.
Disclosed acquisitions
29
Active years
6
Named deals
N/A
Avg / active year
4.8
Acq. cash outflow ($MM)
N/A
Banker read
- 01QRHC reads as a programmatic acquirer: 29 disclosed acquisitions across 6 active years, or 4.8 per active year. The chart shows activity in 6 of the last 6 visible years.
- 02In the last three years, the file shows 6 acquisitions versus 3 in the prior three; recent activity is running above the prior three-year period.
- 03Spend changes the read: $34.0MM of disclosed spend is concentrated in lumpy years, with FY21 the largest year at $16.3MM. Recent spend is above the prior three-year period.
Annual acquisitions + disclosed spend
QRHC count bars show acquisition cadence; the spend line shows when the program required larger capital deployment.
Program diagnostics
Recent / prior
6 / 3
Last three years is up 100% vs prior three.
Peak count year
FY21
4 disclosed acquisitions in the peak visible year.
Recent spend
$29.8MM
is up 610% vs prior three; peak FY21 at $16.3MM.
Named evidence
0 rows
0.0% selected source-cited transaction coverage.
Selected transactions
| Date | Target | Segment | Consideration ($MM) | Strategic rationale | Source |
|---|---|---|---|---|---|
| No named transactions clear the quality bar in this snapshot. | |||||
Acquisitions disclosed/extracted from SEC filings; not necessarily full M&A history. Disclosed acquisition cash outflow is cumulative "payments for acquisitions, net of cash acquired" from the 10-K cash-flow statements (a cash outflow, not deal value). Built on 1 SEC-backed facts across 0 cited filings.
Evidence
Source archive
A collapsed investigation trail for the SEC filings behind the financials, annual M&A cadence, named transactions, and management language.
Annual 10-Ks
17
Named deal filings
0
Recent SEC filings
0
Evidence clips
0
Annual 10-K M&A evidenceAccepted annual filings used for disclosed acquisition count and spend.17 rows+-
| Fiscal year | Filing date | Form | Status | Count | Cash spend | Purchase consideration | Source |
|---|---|---|---|---|---|---|---|
| FY2025 | Mar 13, 2026 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2024 | Mar 12, 2025 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2023 | Mar 12, 2024 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2022 | Mar 23, 2023 | Annual M&A 10-K | accepted | 2 | $2.6MM | $36.4MM | SEC filing |
| FY2021 | Mar 17, 2022 | Annual M&A 10-K | quarantined (1 issue) | 4 | $16.3MM | $50.7MM | SEC filing |
| FY2020 | Mar 11, 2021 | Annual M&A 10-K | accepted | 1 | $10.9MM | $16.1MM | SEC filing |
| FY2019 | Mar 12, 2020 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2018 | Mar 14, 2019 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2018 | Apr 2, 2018 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2016 | Mar 31, 2017 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2015 | Mar 16, 2016 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2014 | Mar 31, 2015 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2013 | Mar 31, 2014 | Annual M&A 10-K | warning (1 warn) | 1 | $4.2B | N/A | SEC filing |
| FY2012 | Oct 15, 2012 | Annual M&A 10-K | accepted | 1 | N/A | N/A | SEC filing |
| FY2011 | Sep 28, 2011 | Annual M&A 10-K | quarantined (1 issue) | N/A | N/A | N/A | SEC filing |
| FY2010 | Oct 13, 2010 | Annual M&A 10-K | warning (1 warn) | 1 | $0.1MM | N/A | SEC filing |
| FY2009 | Sep 25, 2009 | Annual M&A 10-K | quarantined (1 issue) | N/A | N/A | N/A | SEC filing |
Named transaction source filingsFilings behind selected named-deal rows and transaction excerpts.0 rows+-
Recent SEC filingsThe latest profile filings, kept separate so someone can investigate beyond M&A.0 rows+-
Evidence clipsShort excerpts used on the page; expand only when you want the language.0 rows+-
Annual M&A counts and disclosed spend are extracted from SEC acquisition disclosures and cash-flow statements; named-deal rows carry direct filing links where the filing identifies the target or consideration.