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Side-by-side financial comparison of Solana Co (HSDT) and TECOGEN INC. (TGEN). Click either name above to swap in a different company.
TECOGEN INC. is the larger business by last-quarter revenue ($5.3M vs $5.2M, roughly 1.0× Solana Co). Solana Co runs the higher net margin — 6227.1% vs -75.1%, a 6302.2% gap on every dollar of revenue. On growth, Solana Co posted the faster year-over-year revenue change (2725.9% vs -12.5%). Over the past eight quarters, Solana Co's revenue compounded faster (522.3% CAGR vs -7.3%).
Solana is a Mexican cottage manufacturer of sports, racing, and kids' automobiles based in Mexico City. The family run company has operated since 1936, with a total production of fewer than fifty cars; the majority of them one-offs. The family is heavily involved in motor sports; the most prominent member was Moisés Solana, who raced family-built cars and later in Formula One.
HSDT vs TGEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.2M | $5.3M |
| Net Profit | $325.6M | $-4.0M |
| Gross Margin | 96.6% | 36.8% |
| Operating Margin | -3845.8% | -77.8% |
| Net Margin | 6227.1% | -75.1% |
| Revenue YoY | 2725.9% | -12.5% |
| Net Profit YoY | 8388.0% | -236.7% |
| EPS (diluted) | $111.28 | $-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.
| Q4 25 | $5.2M | $5.3M | ||
| Q3 25 | $697.0K | $7.2M | ||
| Q2 25 | $43.0K | $7.3M | ||
| Q1 25 | $49.0K | $7.3M | ||
| Q4 24 | $185.0K | $6.1M | ||
| Q3 24 | $51.0K | $5.6M | ||
| Q2 24 | $182.0K | $4.7M | ||
| Q1 24 | $135.0K | $6.2M |
| Q4 25 | $325.6M | $-4.0M | ||
| Q3 25 | $-352.8M | $-2.1M | ||
| Q2 25 | $-9.8M | $-1.5M | ||
| Q1 25 | $-3.8M | $-659.9K | ||
| Q4 24 | — | $-1.2M | ||
| Q3 24 | $-3.7M | $-930.4K | ||
| Q2 24 | $-1.6M | $-1.5M | ||
| Q1 24 | $-2.5M | $-1.1M |
| Q4 25 | 96.6% | 36.8% | ||
| Q3 25 | 85.2% | 30.4% | ||
| Q2 25 | — | 33.8% | ||
| Q1 25 | — | 44.3% | ||
| Q4 24 | 16.8% | 45.0% | ||
| Q3 24 | — | 44.1% | ||
| Q2 24 | 35.2% | 44.0% | ||
| Q1 24 | 8.9% | 41.6% |
| Q4 25 | -3845.8% | -77.8% | ||
| Q3 25 | -5086.1% | -29.2% | ||
| Q2 25 | -7725.6% | -19.4% | ||
| Q1 25 | -8185.7% | -8.2% | ||
| Q4 24 | — | -18.7% | ||
| Q3 24 | -7980.4% | -15.5% | ||
| Q2 24 | -1796.7% | -31.2% | ||
| Q1 24 | -2530.4% | -17.0% |
| Q4 25 | 6227.1% | -75.1% | ||
| Q3 25 | -50612.3% | -29.7% | ||
| Q2 25 | -22867.4% | -20.1% | ||
| Q1 25 | -7832.7% | -9.1% | ||
| Q4 24 | — | -19.5% | ||
| Q3 24 | -7227.5% | -16.5% | ||
| Q2 24 | -885.7% | -32.5% | ||
| Q1 24 | -1863.7% | -17.9% |
| Q4 25 | $111.28 | $-0.14 | ||
| Q3 25 | $-32.89 | $-0.07 | ||
| Q2 25 | $-79.73 | $-0.06 | ||
| Q1 25 | $-0.51 | $-0.03 | ||
| Q4 24 | — | $-0.05 | ||
| Q3 24 | $-744.35 | $-0.04 | ||
| Q2 24 | $-485.30 | $-0.06 | ||
| Q1 24 | $-3.08 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $7.3M | $12.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $300.9M | $21.6M |
| Total Assets | $303.9M | $37.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.3M | $12.4M | ||
| Q3 25 | $124.1M | $15.3M | ||
| Q2 25 | $6.1M | $1.6M | ||
| Q1 25 | $1.1M | $4.1M | ||
| Q4 24 | $1.1M | $5.4M | ||
| Q3 24 | $3.5M | $1.3M | ||
| Q2 24 | $6.4M | $841.9K | ||
| Q1 24 | $3.6M | $1.5M |
| Q4 25 | $300.9M | $21.6M | ||
| Q3 25 | $-152.4M | $25.5M | ||
| Q2 25 | $6.0M | $9.1M | ||
| Q1 25 | $1.3M | $9.6M | ||
| Q4 24 | $1.1M | $10.2M | ||
| Q3 24 | $3.8M | $11.3M | ||
| Q2 24 | $6.3M | $12.2M | ||
| Q1 24 | $2.0M | $13.7M |
| Q4 25 | $303.9M | $37.0M | ||
| Q3 25 | $475.9M | $41.5M | ||
| Q2 25 | $7.9M | $28.4M | ||
| Q1 25 | $3.5M | $29.7M | ||
| Q4 24 | $3.5M | $31.1M | ||
| Q3 24 | $5.6M | $27.5M | ||
| Q2 24 | $8.8M | $27.2M | ||
| Q1 24 | $5.8M | $28.5M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-16.5M | $-2.6M |
| Free Cash FlowOCF − Capex | — | $-2.6M |
| FCF MarginFCF / Revenue | — | -49.3% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | -0.05× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-10.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.5M | $-2.6M | ||
| Q3 25 | $-4.0M | $-3.6M | ||
| Q2 25 | $-2.8M | $-2.6M | ||
| Q1 25 | $-3.5M | $-1.2M | ||
| Q4 24 | $-11.0M | $4.2M | ||
| Q3 24 | $-2.8M | $-207.3K | ||
| Q2 24 | $-2.9M | $-157.9K | ||
| Q1 24 | $-3.0M | $248.2K |
| Q4 25 | — | $-2.6M | ||
| Q3 25 | — | $-3.6M | ||
| Q2 25 | — | $-2.7M | ||
| Q1 25 | — | $-1.3M | ||
| Q4 24 | $-11.0M | $4.0M | ||
| Q3 24 | — | $-489.6K | ||
| Q2 24 | — | $-609.6K | ||
| Q1 24 | $-3.0M | $143.3K |
| Q4 25 | — | -49.3% | ||
| Q3 25 | — | -50.6% | ||
| Q2 25 | — | -37.7% | ||
| Q1 25 | — | -17.9% | ||
| Q4 24 | -5970.8% | 66.6% | ||
| Q3 24 | — | -8.7% | ||
| Q2 24 | — | -12.9% | ||
| Q1 24 | -2226.7% | 2.3% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | 2.7% | 2.1% | ||
| Q3 24 | 0.0% | 5.0% | ||
| Q2 24 | 0.0% | 9.6% | ||
| Q1 24 | 3.7% | 1.7% |
| Q4 25 | -0.05× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HSDT
Segment breakdown not available.
TGEN
| Installation Services | $4.5M | 84% |
| Products Segment | $460.5K | 9% |
| Other | $394.7K | 7% |
