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Side-by-side financial comparison of BICYCLE THERAPEUTICS PLC (BCYC) and NACCO INDUSTRIES INC (NC). Click either name above to swap in a different company.

NACCO INDUSTRIES INC is the larger business by last-quarter revenue ($62.8M vs $48.0M, roughly 1.3× BICYCLE THERAPEUTICS PLC). NACCO INDUSTRIES INC runs the higher net margin — 14.1% vs -42.0%, a 56.1% gap on every dollar of revenue. On growth, BICYCLE THERAPEUTICS PLC posted the faster year-over-year revenue change (1193.3% vs -4.3%). Over the past eight quarters, BICYCLE THERAPEUTICS PLC's revenue compounded faster (56.7% CAGR vs 9.5%).

Bicycle Therapeutics PLC is a clinical-stage biopharmaceutical firm developing innovative bicyclic peptide therapies for unmet medical needs. Its core pipeline covers oncology, rare diseases, and immunological disorders, with operations in Europe and North America, and partnerships with global pharma leaders to advance drug candidates to market.

NACCO Industries, Inc. is an American publicly traded holding company, headquartered in Cleveland, Ohio. Through a portfolio of mining and natural resources businesses, the company operates under three business segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The North American Mining se...

BCYC vs NC — Head-to-Head

Bigger by revenue
NC
NC
1.3× larger
NC
$62.8M
$48.0M
BCYC
Growing faster (revenue YoY)
BCYC
BCYC
+1197.5% gap
BCYC
1193.3%
-4.3%
NC
Higher net margin
NC
NC
56.1% more per $
NC
14.1%
-42.0%
BCYC
Faster 2-yr revenue CAGR
BCYC
BCYC
Annualised
BCYC
56.7%
9.5%
NC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BCYC
BCYC
NC
NC
Revenue
$48.0M
$62.8M
Net Profit
$-20.2M
$8.8M
Gross Margin
22.8%
Operating Margin
-51.5%
17.5%
Net Margin
-42.0%
14.1%
Revenue YoY
1193.3%
-4.3%
Net Profit YoY
61.1%
80.0%
EPS (diluted)
$-0.29
$1.17

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BCYC
BCYC
NC
NC
Q1 26
$62.8M
Q4 25
$48.0M
$66.8M
Q3 25
$11.7M
$76.6M
Q2 25
$2.9M
$68.2M
Q1 25
$10.0M
$65.6M
Q4 24
$3.7M
$70.4M
Q3 24
$2.7M
$61.7M
Q2 24
$9.4M
$52.3M
Net Profit
BCYC
BCYC
NC
NC
Q1 26
$8.8M
Q4 25
$-20.2M
$-3.8M
Q3 25
$-59.1M
$13.3M
Q2 25
$-79.0M
$3.3M
Q1 25
$-60.8M
$4.9M
Q4 24
$7.6M
Q3 24
$-50.8M
$15.6M
Q2 24
$-39.8M
$6.0M
Gross Margin
BCYC
BCYC
NC
NC
Q1 26
22.8%
Q4 25
18.0%
Q3 25
13.0%
Q2 25
10.0%
Q1 25
14.7%
Q4 24
12.0%
Q3 24
11.7%
Q2 24
13.4%
Operating Margin
BCYC
BCYC
NC
NC
Q1 26
17.5%
Q4 25
-51.5%
11.3%
Q3 25
-558.6%
8.8%
Q2 25
-2965.8%
-0.1%
Q1 25
-703.7%
11.7%
Q4 24
5.5%
Q3 24
-2385.9%
31.9%
Q2 24
-498.3%
14.1%
Net Margin
BCYC
BCYC
NC
NC
Q1 26
14.1%
Q4 25
-42.0%
-5.8%
Q3 25
-503.7%
17.3%
Q2 25
-2703.8%
4.8%
Q1 25
-608.9%
7.5%
Q4 24
10.7%
Q3 24
-1898.4%
25.4%
Q2 24
-425.3%
11.4%
EPS (diluted)
BCYC
BCYC
NC
NC
Q1 26
$1.17
Q4 25
$-0.29
$-0.53
Q3 25
$-0.85
$1.78
Q2 25
$-1.14
$0.44
Q1 25
$-0.88
$0.66
Q4 24
$0.99
Q3 24
$-0.74
$2.14
Q2 24
$-0.77
$0.81

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BCYC
BCYC
NC
NC
Cash + ST InvestmentsLiquidity on hand
$628.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$610.0M
Total Assets
$717.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BCYC
BCYC
NC
NC
Q1 26
Q4 25
$628.1M
$49.7M
Q3 25
$648.3M
$52.7M
Q2 25
$721.5M
$49.4M
Q1 25
$793.0M
$61.9M
Q4 24
$879.5M
$72.8M
Q3 24
$890.9M
$63.1M
Q2 24
$961.4M
$62.4M
Total Debt
BCYC
BCYC
NC
NC
Q1 26
Q4 25
$100.8M
Q3 25
Q2 25
Q1 25
Q4 24
$99.4M
Q3 24
Q2 24
$30.9M
$29.0M
Stockholders' Equity
BCYC
BCYC
NC
NC
Q1 26
Q4 25
$610.0M
$429.2M
Q3 25
$618.5M
$426.4M
Q2 25
$668.9M
$413.1M
Q1 25
$740.3M
$409.1M
Q4 24
$793.1M
$404.9M
Q3 24
$831.0M
$397.3M
Q2 24
$873.8M
$384.1M
Total Assets
BCYC
BCYC
NC
NC
Q1 26
Q4 25
$717.6M
$661.2M
Q3 25
$764.0M
$637.6M
Q2 25
$832.2M
$631.3M
Q1 25
$883.9M
$634.2M
Q4 24
$956.9M
$631.7M
Q3 24
$996.7M
$597.4M
Q2 24
$1.1B
$560.1M
Debt / Equity
BCYC
BCYC
NC
NC
Q1 26
Q4 25
0.23×
Q3 25
Q2 25
Q1 25
Q4 24
0.25×
Q3 24
Q2 24
0.04×
0.08×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BCYC
BCYC
NC
NC
Operating Cash FlowLast quarter
$-19.3M
Free Cash FlowOCF − Capex
$-19.9M
FCF MarginFCF / Revenue
-41.5%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-252.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BCYC
BCYC
NC
NC
Q1 26
Q4 25
$-19.3M
$11.4M
Q3 25
$-71.2M
$42.3M
Q2 25
$-72.8M
$-7.8M
Q1 25
$-86.4M
$5.0M
Q4 24
$-164.7M
$25.2M
Q3 24
$-39.8M
$2.8M
Q2 24
$-44.6M
$4.1M
Free Cash Flow
BCYC
BCYC
NC
NC
Q1 26
Q4 25
$-19.9M
Q3 25
$-71.8M
Q2 25
$-73.3M
Q1 25
$-87.0M
Q4 24
$-166.0M
Q3 24
$-40.3M
Q2 24
$-45.0M
FCF Margin
BCYC
BCYC
NC
NC
Q1 26
Q4 25
-41.5%
Q3 25
-612.3%
Q2 25
-2509.7%
Q1 25
-871.7%
Q4 24
-4475.7%
Q3 24
-1504.7%
Q2 24
-481.2%
Capex Intensity
BCYC
BCYC
NC
NC
Q1 26
Q4 25
1.2%
Q3 25
5.7%
Q2 25
17.1%
Q1 25
6.1%
Q4 24
33.3%
Q3 24
16.3%
Q2 24
4.5%
Cash Conversion
BCYC
BCYC
NC
NC
Q1 26
Q4 25
Q3 25
3.19×
Q2 25
-2.39×
Q1 25
1.03×
Q4 24
3.33×
Q3 24
0.18×
Q2 24
0.68×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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