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Side-by-side financial comparison of BICYCLE THERAPEUTICS PLC (BCYC) and TRUSTCO BANK CORP N Y (TRST). Click either name above to swap in a different company.

TRUSTCO BANK CORP N Y is the larger business by last-quarter revenue ($49.5M vs $48.0M, roughly 1.0× BICYCLE THERAPEUTICS PLC). TRUSTCO BANK CORP N Y runs the higher net margin — 32.9% vs -42.0%, a 74.9% gap on every dollar of revenue. Over the past eight quarters, BICYCLE THERAPEUTICS PLC's revenue compounded faster (56.7% CAGR vs 6.8%).

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.

TRUSTCO BANK CORP N Y is a regional U.S. financial holding company that provides a full suite of retail and commercial banking products and services, including personal deposit accounts, mortgage loans, small business financing, and wealth management solutions. It primarily operates across New York, Florida, and several other U.S. states, serving individual consumers and small business client segments.

BCYC vs TRST — Head-to-Head

Bigger by revenue
TRST
TRST
1.0× larger
TRST
$49.5M
$48.0M
BCYC
Higher net margin
TRST
TRST
74.9% more per $
TRST
32.9%
-42.0%
BCYC
Faster 2-yr revenue CAGR
BCYC
BCYC
Annualised
BCYC
56.7%
6.8%
TRST

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BCYC
BCYC
TRST
TRST
Revenue
$48.0M
$49.5M
Net Profit
$-20.2M
$16.3M
Gross Margin
Operating Margin
-51.5%
Net Margin
-42.0%
32.9%
Revenue YoY
1193.3%
Net Profit YoY
61.1%
14.1%
EPS (diluted)
$-0.29

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
TRST
TRST
Q1 26
$49.5M
Q4 25
$48.0M
$48.2M
Q3 25
$11.7M
$47.8M
Q2 25
$2.9M
$46.6M
Q1 25
$10.0M
$45.3M
Q4 24
$3.7M
$43.3M
Q3 24
$2.7M
$43.6M
Q2 24
$9.4M
$43.4M
Net Profit
BCYC
BCYC
TRST
TRST
Q1 26
$16.3M
Q4 25
$-20.2M
$15.6M
Q3 25
$-59.1M
$16.3M
Q2 25
$-79.0M
$15.0M
Q1 25
$-60.8M
$14.3M
Q4 24
$11.3M
Q3 24
$-50.8M
$12.9M
Q2 24
$-39.8M
$12.6M
Operating Margin
BCYC
BCYC
TRST
TRST
Q1 26
Q4 25
-51.5%
43.7%
Q3 25
-558.6%
44.6%
Q2 25
-2965.8%
42.3%
Q1 25
-703.7%
41.3%
Q4 24
34.0%
Q3 24
-2385.9%
38.8%
Q2 24
-498.3%
37.9%
Net Margin
BCYC
BCYC
TRST
TRST
Q1 26
32.9%
Q4 25
-42.0%
32.3%
Q3 25
-503.7%
34.0%
Q2 25
-2703.8%
32.3%
Q1 25
-608.9%
31.5%
Q4 24
26.0%
Q3 24
-1898.4%
29.5%
Q2 24
-425.3%
28.9%
EPS (diluted)
BCYC
BCYC
TRST
TRST
Q1 26
Q4 25
$-0.29
$0.85
Q3 25
$-0.85
$0.86
Q2 25
$-1.14
$0.79
Q1 25
$-0.88
$0.75
Q4 24
$0.59
Q3 24
$-0.74
$0.68
Q2 24
$-0.77
$0.66

Balance Sheet & Financial Strength

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

Metric
BCYC
BCYC
TRST
TRST
Cash + ST InvestmentsLiquidity on hand
$628.1M
Total DebtLower is stronger
$112.9M
Stockholders' EquityBook value
$610.0M
$670.9M
Total Assets
$717.6M
$6.5B
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BCYC
BCYC
TRST
TRST
Q1 26
Q4 25
$628.1M
$730.4M
Q3 25
$648.3M
$695.6M
Q2 25
$721.5M
$713.6M
Q1 25
$793.0M
$756.1M
Q4 24
$879.5M
$641.8M
Q3 24
$890.9M
$523.0M
Q2 24
$961.4M
$536.1M
Total Debt
BCYC
BCYC
TRST
TRST
Q1 26
$112.9M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$30.9M
Stockholders' Equity
BCYC
BCYC
TRST
TRST
Q1 26
$670.9M
Q4 25
$610.0M
$686.6M
Q3 25
$618.5M
$692.0M
Q2 25
$668.9M
$692.8M
Q1 25
$740.3M
$687.8M
Q4 24
$793.1M
$676.3M
Q3 24
$831.0M
$669.0M
Q2 24
$873.8M
$655.2M
Total Assets
BCYC
BCYC
TRST
TRST
Q1 26
$6.5B
Q4 25
$717.6M
$6.4B
Q3 25
$764.0M
$6.3B
Q2 25
$832.2M
$6.3B
Q1 25
$883.9M
$6.3B
Q4 24
$956.9M
$6.2B
Q3 24
$996.7M
$6.1B
Q2 24
$1.1B
$6.1B
Debt / Equity
BCYC
BCYC
TRST
TRST
Q1 26
0.17×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.04×

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
TRST
TRST
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
TRST
TRST
Q1 26
Q4 25
$-19.3M
$57.6M
Q3 25
$-71.2M
$12.8M
Q2 25
$-72.8M
$27.1M
Q1 25
$-86.4M
$1.3M
Q4 24
$-164.7M
$59.4M
Q3 24
$-39.8M
$16.5M
Q2 24
$-44.6M
$18.7M
Free Cash Flow
BCYC
BCYC
TRST
TRST
Q1 26
Q4 25
$-19.9M
$45.7M
Q3 25
$-71.8M
$10.0M
Q2 25
$-73.3M
$24.9M
Q1 25
$-87.0M
$-3.3M
Q4 24
$-166.0M
$54.6M
Q3 24
$-40.3M
$15.6M
Q2 24
$-45.0M
$17.6M
FCF Margin
BCYC
BCYC
TRST
TRST
Q1 26
Q4 25
-41.5%
95.0%
Q3 25
-612.3%
20.9%
Q2 25
-2509.7%
53.5%
Q1 25
-871.7%
-7.2%
Q4 24
-4475.7%
126.0%
Q3 24
-1504.7%
35.7%
Q2 24
-481.2%
40.5%
Capex Intensity
BCYC
BCYC
TRST
TRST
Q1 26
Q4 25
1.2%
24.6%
Q3 25
5.7%
5.9%
Q2 25
17.1%
4.5%
Q1 25
6.1%
10.0%
Q4 24
33.3%
11.3%
Q3 24
16.3%
2.1%
Q2 24
4.5%
2.6%
Cash Conversion
BCYC
BCYC
TRST
TRST
Q1 26
Q4 25
3.70×
Q3 25
0.79×
Q2 25
1.80×
Q1 25
0.09×
Q4 24
5.27×
Q3 24
1.28×
Q2 24
1.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BCYC
BCYC

Segment breakdown not available.

TRST
TRST

Net Interest Income$44.7M90%
Noninterest Income$4.8M10%

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