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Side-by-side financial comparison of Falcon's Beyond Global, Inc. (FBYD) and TECOGEN INC. (TGEN). Click either name above to swap in a different company.

Falcon's Beyond Global, Inc. is the larger business by last-quarter revenue ($6.6M vs $5.3M, roughly 1.2× TECOGEN INC.). Falcon's Beyond Global, Inc. runs the higher net margin — -4.5% vs -75.1%, a 70.6% gap on every dollar of revenue. On growth, Falcon's Beyond Global, Inc. posted the faster year-over-year revenue change (383.5% vs -12.5%). TECOGEN INC. produced more free cash flow last quarter ($-2.6M vs $-4.3M). Over the past eight quarters, Falcon's Beyond Global, Inc.'s revenue compounded faster (108.4% CAGR vs -7.3%).

500 Global is an early-stage venture fund and seed accelerator founded in 2010 by Dave McClure and Christine Tsai. The fund admitted a first "class" of twelve startups to its incubator office in Mountain View, California in February 2011. They expanded to a second class of 21 in June 2011 and a third class of 34 in October 2011. 500 Global has $2.3 billion in assets under management (AUM) as of March 2024.

FBYD vs TGEN — Head-to-Head

Bigger by revenue
FBYD
FBYD
1.2× larger
FBYD
$6.6M
$5.3M
TGEN
Growing faster (revenue YoY)
FBYD
FBYD
+395.9% gap
FBYD
383.5%
-12.5%
TGEN
Higher net margin
FBYD
FBYD
70.6% more per $
FBYD
-4.5%
-75.1%
TGEN
More free cash flow
TGEN
TGEN
$1.7M more FCF
TGEN
$-2.6M
$-4.3M
FBYD
Faster 2-yr revenue CAGR
FBYD
FBYD
Annualised
FBYD
108.4%
-7.3%
TGEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FBYD
FBYD
TGEN
TGEN
Revenue
$6.6M
$5.3M
Net Profit
$-296.0K
$-4.0M
Gross Margin
36.8%
Operating Margin
-30.9%
-77.8%
Net Margin
-4.5%
-75.1%
Revenue YoY
383.5%
-12.5%
Net Profit YoY
97.5%
-236.7%
EPS (diluted)
$-0.01
$-0.14

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
FBYD
FBYD
TGEN
TGEN
Q4 25
$6.6M
$5.3M
Q3 25
$4.1M
$7.2M
Q2 25
$2.5M
$7.3M
Q1 25
$1.7M
$7.3M
Q4 24
$1.4M
$6.1M
Q3 24
$2.1M
$5.6M
Q2 24
$1.8M
$4.7M
Q1 24
$1.5M
$6.2M
Net Profit
FBYD
FBYD
TGEN
TGEN
Q4 25
$-296.0K
$-4.0M
Q3 25
$-10.4M
$-2.1M
Q2 25
$25.1M
$-1.5M
Q1 25
$-8.1M
$-659.9K
Q4 24
$-11.9M
$-1.2M
Q3 24
$39.3M
$-930.4K
Q2 24
$8.0M
$-1.5M
Q1 24
$114.0M
$-1.1M
Gross Margin
FBYD
FBYD
TGEN
TGEN
Q4 25
36.8%
Q3 25
30.4%
Q2 25
33.8%
Q1 25
44.3%
Q4 24
45.0%
Q3 24
44.1%
Q2 24
44.0%
Q1 24
41.6%
Operating Margin
FBYD
FBYD
TGEN
TGEN
Q4 25
-30.9%
-77.8%
Q3 25
-90.9%
-29.2%
Q2 25
-53.0%
-19.4%
Q1 25
-371.1%
-8.2%
Q4 24
-335.6%
-18.7%
Q3 24
-118.9%
-15.5%
Q2 24
-195.9%
-31.2%
Q1 24
-350.5%
-17.0%
Net Margin
FBYD
FBYD
TGEN
TGEN
Q4 25
-4.5%
-75.1%
Q3 25
-256.8%
-29.7%
Q2 25
985.2%
-20.1%
Q1 25
-473.8%
-9.1%
Q4 24
-871.7%
-19.5%
Q3 24
1899.5%
-16.5%
Q2 24
446.5%
-32.5%
Q1 24
7521.4%
-17.9%
EPS (diluted)
FBYD
FBYD
TGEN
TGEN
Q4 25
$-0.01
$-0.14
Q3 25
$-0.13
$-0.07
Q2 25
$0.30
$-0.06
Q1 25
$-0.13
$-0.03
Q4 24
$-0.25
$-0.05
Q3 24
$0.39
$-0.04
Q2 24
$0.00
$-0.06
Q1 24
$1.27
$-0.04

Balance Sheet & Financial Strength

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

Metric
FBYD
FBYD
TGEN
TGEN
Cash + ST InvestmentsLiquidity on hand
$1.9M
$12.4M
Total DebtLower is stronger
$15.6M
Stockholders' EquityBook value
$11.9M
$21.6M
Total Assets
$66.7M
$37.0M
Debt / EquityLower = less leverage
1.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FBYD
FBYD
TGEN
TGEN
Q4 25
$1.9M
$12.4M
Q3 25
$4.3M
$15.3M
Q2 25
$26.1M
$1.6M
Q1 25
$1.1M
$4.1M
Q4 24
$825.0K
$5.4M
Q3 24
$828.0K
$1.3M
Q2 24
$1.7M
$841.9K
Q1 24
$1.1M
$1.5M
Total Debt
FBYD
FBYD
TGEN
TGEN
Q4 25
$15.6M
Q3 25
Q2 25
Q1 25
Q4 24
$41.2M
Q3 24
$10.3M
Q2 24
$15.7M
Q1 24
$15.1M
Stockholders' Equity
FBYD
FBYD
TGEN
TGEN
Q4 25
$11.9M
$21.6M
Q3 25
$9.2M
$25.5M
Q2 25
$414.0K
$9.1M
Q1 25
$-11.6M
$9.6M
Q4 24
$-9.0M
$10.2M
Q3 24
$-1.4M
$11.3M
Q2 24
$-44.7M
$12.2M
Q1 24
$-61.7M
$13.7M
Total Assets
FBYD
FBYD
TGEN
TGEN
Q4 25
$66.7M
$37.0M
Q3 25
$66.8M
$41.5M
Q2 25
$89.2M
$28.4M
Q1 25
$56.7M
$29.7M
Q4 24
$61.2M
$31.1M
Q3 24
$66.5M
$27.5M
Q2 24
$65.9M
$27.2M
Q1 24
$67.8M
$28.5M
Debt / Equity
FBYD
FBYD
TGEN
TGEN
Q4 25
1.31×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
FBYD
FBYD
TGEN
TGEN
Operating Cash FlowLast quarter
$-4.3M
$-2.6M
Free Cash FlowOCF − Capex
$-4.3M
$-2.6M
FCF MarginFCF / Revenue
-66.0%
-49.3%
Capex IntensityCapex / Revenue
0.3%
0.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-10.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FBYD
FBYD
TGEN
TGEN
Q4 25
$-4.3M
$-2.6M
Q3 25
$-13.3M
$-3.6M
Q2 25
$-7.9M
$-2.6M
Q1 25
$945.0K
$-1.2M
Q4 24
$-3.8M
$4.2M
Q3 24
$-2.4M
$-207.3K
Q2 24
$-2.6M
$-157.9K
Q1 24
$-3.8M
$248.2K
Free Cash Flow
FBYD
FBYD
TGEN
TGEN
Q4 25
$-4.3M
$-2.6M
Q3 25
$-13.4M
$-3.6M
Q2 25
$-2.7M
Q1 25
$853.0K
$-1.3M
Q4 24
$-3.8M
$4.0M
Q3 24
$-2.4M
$-489.6K
Q2 24
$-2.6M
$-609.6K
Q1 24
$-3.8M
$143.3K
FCF Margin
FBYD
FBYD
TGEN
TGEN
Q4 25
-66.0%
-49.3%
Q3 25
-329.6%
-50.6%
Q2 25
-37.7%
Q1 25
49.9%
-17.9%
Q4 24
-278.7%
66.6%
Q3 24
-114.9%
-8.7%
Q2 24
-145.6%
-12.9%
Q1 24
-248.8%
2.3%
Capex Intensity
FBYD
FBYD
TGEN
TGEN
Q4 25
0.3%
0.9%
Q3 25
1.0%
1.0%
Q2 25
0.0%
2.0%
Q1 25
5.4%
1.8%
Q4 24
0.1%
2.1%
Q3 24
0.2%
5.0%
Q2 24
0.1%
9.6%
Q1 24
0.3%
1.7%
Cash Conversion
FBYD
FBYD
TGEN
TGEN
Q4 25
Q3 25
Q2 25
-0.31×
Q1 25
Q4 24
Q3 24
-0.06×
Q2 24
-0.33×
Q1 24
-0.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FBYD
FBYD

Segment breakdown not available.

TGEN
TGEN

Installation Services$4.5M84%
Products Segment$460.5K9%
Other$394.7K7%

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