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← CockpitCompetitor Analysis › AQST Aquestive Therapeutics, Inc.Open in the cockpit ↗

Aquestive Therapeutics, Inc.AQSTCompetitor analysis, valuation and peers

United States · USD·Health Care›Pharmaceuticals: Major
Momentum weak 22
Mkt cap
$454M
US dollars, full cap
Free float
88%
of shares outstanding
$/day
$9.78M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
n/a
WACC 10.6%
Hurdle
n/a
no reverse DCF
Next earnings
123 days
9 Mar 2027
Close · USD$3.61
1D-1.4%
1W-7.2%
1M-24.2%
3M-15.8%
6M-16.4%
YTD-44.1%
1Y-39.8%
ATR %6.6%
Beta0.82
52w lowhigh47.3% off high

What Aquestive Therapeutics does

Employees: 147

Aquestive Therapeutics at a glance

Size Aquestive Therapeutics (AQST) is a United States Health Care company (Pharmaceuticals: Major) with a market value of $454M, the 2770th largest of 3,117 United States companies the cockpit tracks. Shares closed at $3.61 on 6 Nov 2026.

Performance Over six months the shares fell 16.4%, against -13.1% for the median peer and -1.1% for the United States market (cap-weighted) — 10th lowest of 20 in its peer set.

Growth Revenue grew 12.5% over the last twelve months (peer median -4.9%); the operating margin is -114.1% (peer median 5.0%).

Valuation It trades at 10.5× enterprise value to sales against a peer median of 3.5× (3rd most expensive of 21).

Short interest Short interest is 22.0% of the free float (15 Oct 2026).

Next results Next results expected around 9 Mar 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 88AQST 83
Six months, rebased to 100: Aquestive Therapeutics against the median of its 20 peers (local-currency closes).

Aquestive Therapeutics financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$48.8M$44.5M$57.6M$50.6M$47.7M
Revenue growth—-23%+14%+6%—
Gross profit$31.9M$27.4M$39.7M$30.0M$27.8M
EBITDA-$55.2M-$69.1M-$30.1M-$13.5M-$39.7M
Net income-$79.3M-$83.8M-$44.1M-$7.87M-$54.4M
Free cash flow-$40.7M-$53.0M-$35.9M-$7.38M-$10.8M
Capital expenditure$933,000$562,000$159,000$995,000$2.52M
Total debt$150M$131M$122M$98.8M$123M

Quarterly statements and history in the cockpit →

Aquestive Therapeutics competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%+40%-20%0%GUFICBIO601089600624300534EOLSRPGLIFE60381100292360053000272860313941140029006050776881360024623705603566AQST6-month return →1-month return →
Up and to the right = strong over both horizons. Aquestive Therapeutics is the large dot.

Fundamentals: revenue growth against valuation

-20%-10%0%+10%0×5×10×GUFICBIO601089600624300534EOLSRPGLIFE603811002923600530002728603139EVONILE0029006050776881360024623705603566000518AQSTRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Aquestive Therapeutics is the large dot.

Aquestive Therapeutics competitors and peer comparison

How Aquestive Therapeutics compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Aquestive Therapeutics against its 20 peers (data as of 6 Nov 2026)
MeasureAQSTPeer medianRank in peer set
1-month return-24.2%-11.3%2nd lowest of 20
6-month return-16.4%-13.1%10th lowest of 20
Distance from 52-week high-47.3%-37.9%6th lowest of 20
Revenue growth (TTM)+12.5%-4.9%5th highest of 21
Operating margin-114.1%5.0%lowest of 21
EV / Sales10.5×3.5×3rd most expensive of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Aquestive Therapeutics AQSTUnited States$454M-16%+13%-114%10.5×n/an/a
Gufic Biosciences GUFICBIO.NSIndia$454M+44%+17%14%4.4×n/an/a
Beijing Foyou Pharma 601089.SSChina$455M-24%+5%10%0.2×n/an/a
Shanghai Fudan Forward S&T 600624.SSChina$450M-4%-14%-34%6.0×n/an/a
Gansu Longshenrongfa Pharmaceutical Industry 300534.SZChina$450M+4%-21%8%4.3×23.7%+28.2%
Evolus EOLSUnited States$449M+7%+14%-7%1.8×n/an/a
RPG Life Sciences RPGLIFE.NSIndia$448M+2%+12%18%5.8×n/an/a
Zhejiang Chengyi Pharmaceutical 603811.SSChina$463M-21%+7%19%3.6×7.1%+1.3%
Zhuhai Rundu Pharmaceutical 002923.SZChina$464M-30%+14%5%2.4×2.5%-1.3%
Shanghai Jiaoda Onlly 600530.SSChina$464M-22%-2%-2%10.4×33.5%-0.9%
Teyi Pharmaceutical 002728.SZChina$465M-9%-7%7%3.5×26.6%+8.0%
Shaanxi Kanghui Pharmaceutical Co 603139.SSChina$466M-20%-21%-68%9.0×n/an/a
Evonile Pharma EVONILE.NSIndia$466Mn/a-5%12%14.5×46.5%-1.5%
Synmosa Biopharma 4114.TWOTaiwan$442M+2%+11%11%2.5×6.5%+15.3%
Harbin Medisan Pharmaceutical 002900.SZChina$467M-13%-5%-29%4.5×n/an/a
Zhejiang Huakang Pharmaceutical 605077.SSChina$470M-39%+35%4%1.2×n/an/a
Kexing Biopharm 688136.SSChina$470M-38%-14%-12%3.1×n/an/a
Cachet Pharmaceutical 002462.SZChina$471M-22%-14%0%0.2×-8.9%-3.4%
YungShin Global 3705.TWTaiwan$474M+7%-8%15%1.9×-4.9%+0.7%
Pulike Biological Engineering 603566.SSChina$475M-22%-9%5%2.5×5.7%+3.3%
Jiangsu Sihuan Bioengineering 000518.SZChina$476M+7%-17%-28%11.5×n/an/a

Questions

Which companies are Aquestive Therapeutics's closest peers?
The cockpit's peer set: Gufic Biosciences (GUFICBIO.NS), Beijing Foyou Pharma (601089.SS), Shanghai Fudan Forward S&T (600624.SS), Gansu Longshenrongfa Pharmaceutical Industry (300534.SZ), Evolus (EOLS), RPG Life Sciences (RPGLIFE.NS), Zhejiang Chengyi Pharmaceutical (603811.SS), Zhuhai Rundu Pharmaceutical (002923.SZ).
Is Aquestive Therapeutics expensive compared with its peers?
On ev / sales it trades at 10.5× against a peer median of 3.5×, 3rd most expensive of 21 in its peer set.
How has Aquestive Therapeutics stock performed?
Over six months to 6 Nov 2026 the shares returned -16.4% against -13.1% for the median peer; over one year -39.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.