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Side-by-side financial comparison of FutureFuel Corp. (FF) and Recon Technology, Ltd (RCON). Click either name above to swap in a different company.

FutureFuel Corp. is the larger business by last-quarter revenue ($19.8M vs $12.2M, roughly 1.6× Recon Technology, Ltd). Recon Technology, Ltd runs the higher net margin — -6.8% vs -60.5%, a 53.7% gap on every dollar of revenue. On growth, Recon Technology, Ltd posted the faster year-over-year revenue change (111.0% vs -67.7%).

FutureFuel Corporation is a developer and producer of chemicals and biofuels. It is listed on the New York Stock Exchange, with symbol FF.

Recon Instruments Inc. was a Canadian technology company that produced smartglasses and wearable displays marketed by the company as "heads-up displays" for sports. Recon's products delivered live activity metrics, GPS maps, and notifications directly to the user's eye. Recon's first heads-up display offering was released commercially in October 2010, roughly a year and a half before Google introduced Google Glass.

FF vs RCON — Head-to-Head

Bigger by revenue
FF
FF
1.6× larger
FF
$19.8M
$12.2M
RCON
Growing faster (revenue YoY)
RCON
RCON
+178.8% gap
RCON
111.0%
-67.7%
FF
Higher net margin
RCON
RCON
53.7% more per $
RCON
-6.8%
-60.5%
FF

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
FF
FF
RCON
RCON
Revenue
$19.8M
$12.2M
Net Profit
$-12.0M
$-832.7K
Gross Margin
-46.7%
33.5%
Operating Margin
-62.9%
-14.6%
Net Margin
-60.5%
-6.8%
Revenue YoY
-67.7%
111.0%
Net Profit YoY
-529.4%
70.5%
EPS (diluted)
$-0.28
$-0.09

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
FF
FF
RCON
RCON
Q4 25
$19.8M
$12.2M
Q3 25
$22.7M
Q2 25
$35.7M
Q1 25
$17.5M
Q4 24
$61.5M
$5.8M
Q3 24
$51.1M
Q2 24
$72.4M
Q1 24
$58.3M
Net Profit
FF
FF
RCON
RCON
Q4 25
$-12.0M
$-832.7K
Q3 25
$-9.3M
Q2 25
$-10.4M
Q1 25
$-17.6M
Q4 24
$2.8M
$-2.8M
Q3 24
$-1.2M
Q2 24
$9.6M
Q1 24
$4.3M
Gross Margin
FF
FF
RCON
RCON
Q4 25
-46.7%
33.5%
Q3 25
-30.1%
Q2 25
-24.6%
Q1 25
-83.0%
Q4 24
9.1%
31.7%
Q3 24
0.7%
Q2 24
12.0%
Q1 24
8.6%
Operating Margin
FF
FF
RCON
RCON
Q4 25
-62.9%
-14.6%
Q3 25
-42.9%
Q2 25
-33.4%
Q1 25
-107.4%
Q4 24
2.6%
-63.9%
Q3 24
-5.6%
Q2 24
7.5%
Q1 24
3.8%
Net Margin
FF
FF
RCON
RCON
Q4 25
-60.5%
-6.8%
Q3 25
-41.1%
Q2 25
-29.2%
Q1 25
-100.6%
Q4 24
4.5%
-48.9%
Q3 24
-2.3%
Q2 24
13.2%
Q1 24
7.4%
EPS (diluted)
FF
FF
RCON
RCON
Q4 25
$-0.28
$-0.09
Q3 25
$-0.21
Q2 25
$-0.24
Q1 25
$-0.40
Q4 24
$0.06
$-0.31
Q3 24
$-0.03
Q2 24
$0.22
Q1 24
$0.10

Balance Sheet & Financial Strength

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

Metric
FF
FF
RCON
RCON
Cash + ST InvestmentsLiquidity on hand
$51.3M
$10.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$154.7M
$66.4M
Total Assets
$192.2M
$77.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FF
FF
RCON
RCON
Q4 25
$51.3M
$10.7M
Q3 25
$85.6M
Q2 25
$95.2M
Q1 25
$97.1M
Q4 24
$109.5M
$19.9M
Q3 24
$133.4M
Q2 24
$115.1M
Q1 24
$201.1M
Stockholders' Equity
FF
FF
RCON
RCON
Q4 25
$154.7M
$66.4M
Q3 25
$169.1M
Q2 25
$178.2M
Q1 25
$188.4M
Q4 24
$205.8M
$66.9M
Q3 24
$213.3M
Q2 24
$214.4M
Q1 24
$204.8M
Total Assets
FF
FF
RCON
RCON
Q4 25
$192.2M
$77.6M
Q3 25
$203.5M
Q2 25
$218.2M
Q1 25
$227.7M
Q4 24
$247.7M
$74.2M
Q3 24
$256.5M
Q2 24
$261.2M
Q1 24
$365.4M

Cash Flow & Capital Efficiency

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

Metric
FF
FF
RCON
RCON
Operating Cash FlowLast quarter
$-27.4M
$-1.9M
Free Cash FlowOCF − Capex
$-29.9M
FCF MarginFCF / Revenue
-150.5%
Capex IntensityCapex / Revenue
12.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-46.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FF
FF
RCON
RCON
Q4 25
$-27.4M
$-1.9M
Q3 25
$-1.1M
Q2 25
$5.2M
Q1 25
$-5.4M
Q4 24
$-16.6M
$-1.7M
Q3 24
$25.8M
Q2 24
$27.8M
Q1 24
$-12.2M
Free Cash Flow
FF
FF
RCON
RCON
Q4 25
$-29.9M
Q3 25
$-6.5M
Q2 25
$-263.0K
Q1 25
$-9.4M
Q4 24
$-20.7M
Q3 24
$20.5M
Q2 24
$24.8M
Q1 24
$-14.5M
FCF Margin
FF
FF
RCON
RCON
Q4 25
-150.5%
Q3 25
-28.5%
Q2 25
-0.7%
Q1 25
-53.6%
Q4 24
-33.6%
Q3 24
40.1%
Q2 24
34.3%
Q1 24
-24.9%
Capex Intensity
FF
FF
RCON
RCON
Q4 25
12.2%
Q3 25
23.5%
Q2 25
15.3%
Q1 25
22.8%
Q4 24
6.6%
Q3 24
10.4%
Q2 24
4.1%
Q1 24
3.9%
Cash Conversion
FF
FF
RCON
RCON
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-5.94×
Q3 24
Q2 24
2.90×
Q1 24
-2.82×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FF
FF

Chemicals$18.0M91%
Biofuels$1.8M9%

RCON
RCON

Segment breakdown not available.

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