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Side-by-side financial comparison of PureCycle Technologies, Inc. (PCT) and Solid Power, Inc. (SLDP). Click either name above to swap in a different company.
Solid Power, Inc. is the larger business by last-quarter revenue ($3.6M vs $2.7M, roughly 1.3× PureCycle Technologies, Inc.). Solid Power, Inc. produced more free cash flow last quarter ($-23.0M vs $-42.0M).
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.
Solid Energy was the largest coal mining company in New Zealand and is a state owned enterprise of the New Zealand Government.
PCT vs SLDP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.7M | $3.6M |
| Net Profit | $-18.8M | — |
| Gross Margin | — | — |
| Operating Margin | -2196.1% | -730.1% |
| Net Margin | -697.1% | — |
| Revenue YoY | — | -18.6% |
| Net Profit YoY | 71.0% | — |
| EPS (diluted) | $-0.14 | $-0.15 |
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 | $2.7M | $3.6M | ||
| Q3 25 | $2.4M | $3.7M | ||
| Q2 25 | $1.6M | $6.5M | ||
| Q1 25 | $1.6M | $6.0M | ||
| Q4 24 | $0 | $4.5M | ||
| Q3 24 | $0 | $4.7M | ||
| Q2 24 | $0 | $5.1M | ||
| Q1 24 | $0 | $6.0M |
| Q4 25 | $-18.8M | — | ||
| Q3 25 | $-28.4M | $-25.9M | ||
| Q2 25 | $-144.2M | $-25.3M | ||
| Q1 25 | $8.8M | $-15.2M | ||
| Q4 24 | $-64.7M | — | ||
| Q3 24 | $-90.6M | $-22.4M | ||
| Q2 24 | $-48.2M | $-22.3M | ||
| Q1 24 | $-85.6M | $-21.2M |
| Q4 25 | -2196.1% | -730.1% | ||
| Q3 25 | -1602.2% | -654.4% | ||
| Q2 25 | -2763.5% | -398.9% | ||
| Q1 25 | -2387.4% | -399.4% | ||
| Q4 24 | — | -561.1% | ||
| Q3 24 | — | -593.2% | ||
| Q2 24 | — | -530.8% | ||
| Q1 24 | — | -433.1% |
| Q4 25 | -697.1% | — | ||
| Q3 25 | -1167.5% | -693.1% | ||
| Q2 25 | -8741.8% | -390.7% | ||
| Q1 25 | 559.0% | -251.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -482.0% | ||
| Q2 24 | — | -438.9% | ||
| Q1 24 | — | -356.2% |
| Q4 25 | $-0.14 | $-0.15 | ||
| Q3 25 | $-0.31 | $-0.14 | ||
| Q2 25 | $-0.81 | $-0.14 | ||
| Q1 25 | $0.05 | $-0.08 | ||
| Q4 24 | $-0.40 | $-0.16 | ||
| Q3 24 | $-0.54 | $-0.13 | ||
| Q2 24 | $-0.29 | $-0.13 | ||
| Q1 24 | $-0.52 | $-0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $156.7M | $250.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $45.9M | $415.7M |
| Total Assets | $922.7M | $455.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.7M | $250.8M | ||
| Q3 25 | $234.4M | $251.2M | ||
| Q2 25 | $284.1M | $230.9M | ||
| Q1 25 | $22.5M | $240.9M | ||
| Q4 24 | $15.7M | $118.2M | ||
| Q3 24 | $83.7M | $132.0M | ||
| Q2 24 | $10.9M | $140.5M | ||
| Q1 24 | $25.0M | $146.6M |
| Q4 25 | $45.9M | $415.7M | ||
| Q3 25 | $68.2M | $381.2M | ||
| Q2 25 | $98.9M | $370.6M | ||
| Q1 25 | $238.2M | $397.1M | ||
| Q4 24 | $180.4M | $410.3M | ||
| Q3 24 | $241.4M | $439.4M | ||
| Q2 24 | $291.6M | $456.8M | ||
| Q1 24 | $336.8M | $479.4M |
| Q4 25 | $922.7M | $455.1M | ||
| Q3 25 | $989.1M | $416.1M | ||
| Q2 25 | $1.0B | $398.0M | ||
| Q1 25 | $787.3M | $419.4M | ||
| Q4 24 | $798.4M | $448.3M | ||
| Q3 24 | $788.8M | $470.9M | ||
| Q2 24 | $719.8M | $492.6M | ||
| Q1 24 | $734.0M | $516.2M |
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 | $-28.7M | $-18.4M |
| Free Cash FlowOCF − Capex | $-42.0M | $-23.0M |
| FCF MarginFCF / Revenue | -1559.6% | -633.0% |
| Capex IntensityCapex / Revenue | 495.1% | 126.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-183.6M | $-83.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-28.7M | $-18.4M | ||
| Q3 25 | $-38.5M | $-14.3M | ||
| Q2 25 | $-36.7M | $-14.4M | ||
| Q1 25 | $-38.9M | $-26.3M | ||
| Q4 24 | $-31.8M | $-13.9M | ||
| Q3 24 | $-33.4M | $-9.9M | ||
| Q2 24 | $-40.4M | $-11.1M | ||
| Q1 24 | $-39.2M | $-29.1M |
| Q4 25 | $-42.0M | $-23.0M | ||
| Q3 25 | $-42.4M | $-14.8M | ||
| Q2 25 | $-45.3M | $-17.1M | ||
| Q1 25 | $-53.9M | $-28.6M | ||
| Q4 24 | $-53.4M | $-18.6M | ||
| Q3 24 | $-42.6M | $-12.6M | ||
| Q2 24 | $-50.8M | $-15.5M | ||
| Q1 24 | $-53.5M | $-33.1M |
| Q4 25 | -1559.6% | -633.0% | ||
| Q3 25 | -1743.1% | -397.6% | ||
| Q2 25 | -2747.1% | -264.2% | ||
| Q1 25 | -3409.6% | -476.1% | ||
| Q4 24 | — | -416.5% | ||
| Q3 24 | — | -271.5% | ||
| Q2 24 | — | -305.8% | ||
| Q1 24 | — | -556.3% |
| Q4 25 | 495.1% | 126.5% | ||
| Q3 25 | 160.3% | 15.3% | ||
| Q2 25 | 521.5% | 41.5% | ||
| Q1 25 | 949.6% | 39.1% | ||
| Q4 24 | — | 105.5% | ||
| Q3 24 | — | 59.7% | ||
| Q2 24 | — | 86.8% | ||
| Q1 24 | — | 68.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| 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.
