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Side-by-side financial comparison of Mawson Infrastructure Group Inc. (MIGI) and PureCycle Technologies, Inc. (PCT). Click either name above to swap in a different company.

Mawson Infrastructure Group Inc. is the larger business by last-quarter revenue ($3.2M vs $2.7M, roughly 1.2× PureCycle Technologies, Inc.). Mawson Infrastructure Group Inc. produced more free cash flow last quarter ($-7.0M vs $-42.0M).

Mawson Infrastructure Group Inc. is a global digital infrastructure provider that operates sustainable, energy-efficient data centers and specialized hosting solutions for blockchain and digital asset operations. Its core segments include cryptocurrency mining, colocation services, and low-carbon infrastructure development, with primary operational footprints across North America and Australia.

PureCycle Technologies, Inc. is a sustainable materials firm with proprietary advanced polypropylene recycling technology. It converts contaminated polypropylene waste into high-purity virgin-equivalent resin for use in consumer goods, automotive parts, packaging and industrial products, serving global partners.

MIGI vs PCT — Head-to-Head

Bigger by revenue
MIGI
MIGI
1.2× larger
MIGI
$3.2M
$2.7M
PCT
More free cash flow
MIGI
MIGI
$35.0M more FCF
MIGI
$-7.0M
$-42.0M
PCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MIGI
MIGI
PCT
PCT
Revenue
$3.2M
$2.7M
Net Profit
$-18.8M
Gross Margin
Operating Margin
-2196.1%
Net Margin
-697.1%
Revenue YoY
-78.5%
Net Profit YoY
-246.2%
71.0%
EPS (diluted)
$-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
MIGI
MIGI
PCT
PCT
Q4 25
$3.2M
$2.7M
Q3 25
$13.2M
$2.4M
Q2 25
$9.5M
$1.6M
Q1 25
$13.8M
$1.6M
Q4 24
$15.1M
$0
Q3 24
$12.3M
$0
Q2 24
$13.1M
$0
Q1 24
$18.8M
$0
Net Profit
MIGI
MIGI
PCT
PCT
Q4 25
$-18.8M
Q3 25
$327.7K
$-28.4M
Q2 25
$-8.0M
$-144.2M
Q1 25
$-310.9K
$8.8M
Q4 24
$-4.5M
$-64.7M
Q3 24
$-12.2M
$-90.6M
Q2 24
$-9.6M
$-48.2M
Q1 24
$-19.8M
$-85.6M
Gross Margin
MIGI
MIGI
PCT
PCT
Q4 25
Q3 25
65.0%
Q2 25
41.3%
Q1 25
42.9%
Q4 24
30.9%
Q3 24
35.1%
Q2 24
32.9%
Q1 24
37.2%
Operating Margin
MIGI
MIGI
PCT
PCT
Q4 25
-2196.1%
Q3 25
12.0%
-1602.2%
Q2 25
-68.9%
-2763.5%
Q1 25
4.2%
-2387.4%
Q4 24
-35.2%
Q3 24
-92.6%
Q2 24
-51.5%
Q1 24
-41.0%
Net Margin
MIGI
MIGI
PCT
PCT
Q4 25
-697.1%
Q3 25
2.5%
-1167.5%
Q2 25
-84.1%
-8741.8%
Q1 25
-2.3%
559.0%
Q4 24
-30.0%
Q3 24
-99.3%
Q2 24
-73.4%
Q1 24
-105.3%
EPS (diluted)
MIGI
MIGI
PCT
PCT
Q4 25
$-0.14
Q3 25
$0.01
$-0.31
Q2 25
$-0.40
$-0.81
Q1 25
$-0.02
$0.05
Q4 24
$-49.35
$-0.40
Q3 24
$-0.66
$-0.54
Q2 24
$-0.55
$-0.29
Q1 24
$-1.19
$-0.52

Balance Sheet & Financial Strength

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

Metric
MIGI
MIGI
PCT
PCT
Cash + ST InvestmentsLiquidity on hand
$13.3M
$156.7M
Total DebtLower is stronger
$25.2M
Stockholders' EquityBook value
$-3.1M
$45.9M
Total Assets
$57.4M
$922.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MIGI
MIGI
PCT
PCT
Q4 25
$13.3M
$156.7M
Q3 25
$2.3M
$234.4M
Q2 25
$3.2M
$284.1M
Q1 25
$5.5M
$22.5M
Q4 24
$6.1M
$15.7M
Q3 24
$5.8M
$83.7M
Q2 24
$6.8M
$10.9M
Q1 24
$6.4M
$25.0M
Total Debt
MIGI
MIGI
PCT
PCT
Q4 25
$25.2M
Q3 25
Q2 25
Q1 25
Q4 24
$20.9M
Q3 24
Q2 24
$393.2K
Q1 24
$41.5K
Stockholders' Equity
MIGI
MIGI
PCT
PCT
Q4 25
$-3.1M
$45.9M
Q3 25
$-9.4M
$68.2M
Q2 25
$-8.3M
$98.9M
Q1 25
$-1.4M
$238.2M
Q4 24
$-3.2M
$180.4M
Q3 24
$-1.6M
$241.4M
Q2 24
$4.4M
$291.6M
Q1 24
$13.0M
$336.8M
Total Assets
MIGI
MIGI
PCT
PCT
Q4 25
$57.4M
$922.7M
Q3 25
$52.0M
$989.1M
Q2 25
$52.7M
$1.0B
Q1 25
$57.9M
$787.3M
Q4 24
$61.4M
$798.4M
Q3 24
$60.8M
$788.8M
Q2 24
$65.6M
$719.8M
Q1 24
$67.7M
$734.0M
Debt / Equity
MIGI
MIGI
PCT
PCT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.09×
Q1 24
0.00×

Cash Flow & Capital Efficiency

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

Metric
MIGI
MIGI
PCT
PCT
Operating Cash FlowLast quarter
$-6.9M
$-28.7M
Free Cash FlowOCF − Capex
$-7.0M
$-42.0M
FCF MarginFCF / Revenue
-218.1%
-1559.6%
Capex IntensityCapex / Revenue
4.6%
495.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-10.6M
$-183.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MIGI
MIGI
PCT
PCT
Q4 25
$-6.9M
$-28.7M
Q3 25
$-844.5K
$-38.5M
Q2 25
$-2.1M
$-36.7M
Q1 25
$-510.4K
$-38.9M
Q4 24
$3.6M
$-31.8M
Q3 24
$-1.2M
$-33.4M
Q2 24
$2.5M
$-40.4M
Q1 24
$1.9M
$-39.2M
Free Cash Flow
MIGI
MIGI
PCT
PCT
Q4 25
$-7.0M
$-42.0M
Q3 25
$-859.7K
$-42.4M
Q2 25
$-2.1M
$-45.3M
Q1 25
$-516.9K
$-53.9M
Q4 24
$1.6M
$-53.4M
Q3 24
$-1.3M
$-42.6M
Q2 24
$592.4K
$-50.8M
Q1 24
$1.9M
$-53.5M
FCF Margin
MIGI
MIGI
PCT
PCT
Q4 25
-218.1%
-1559.6%
Q3 25
-6.5%
-1743.1%
Q2 25
-22.3%
-2747.1%
Q1 25
-3.7%
-3409.6%
Q4 24
10.7%
Q3 24
-10.4%
Q2 24
4.5%
Q1 24
9.9%
Capex Intensity
MIGI
MIGI
PCT
PCT
Q4 25
4.6%
495.1%
Q3 25
0.1%
160.3%
Q2 25
0.5%
521.5%
Q1 25
0.0%
949.6%
Q4 24
13.0%
Q3 24
0.3%
Q2 24
14.3%
Q1 24
0.1%
Cash Conversion
MIGI
MIGI
PCT
PCT
Q4 25
Q3 25
-2.58×
Q2 25
Q1 25
-4.40×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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