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Side-by-side financial comparison of PureCycle Technologies, Inc. (PCT) and Seritage Growth Properties (SRG). Click either name above to swap in a different company.

Seritage Growth Properties is the larger business by last-quarter revenue ($4.2M vs $2.7M, roughly 1.5× PureCycle Technologies, Inc.).

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.

Seritage Growth Properties is a U.S.-headquartered publicly traded real estate investment trust. It owns, redevelops, and manages a diversified portfolio of retail, residential, and mixed-use commercial properties across key U.S. markets, leasing spaces to retail, dining, and service sector tenants.

PCT vs SRG — Head-to-Head

Bigger by revenue
SRG
SRG
1.5× larger
SRG
$4.2M
$2.7M
PCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PCT
PCT
SRG
SRG
Revenue
$2.7M
$4.2M
Net Profit
$-18.8M
Gross Margin
Operating Margin
-2196.1%
Net Margin
-697.1%
Revenue YoY
-4.9%
Net Profit YoY
71.0%
55.2%
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
PCT
PCT
SRG
SRG
Q4 25
$2.7M
$4.2M
Q3 25
$2.4M
$4.8M
Q2 25
$1.6M
$4.7M
Q1 25
$1.6M
$4.6M
Q4 24
$0
$4.4M
Q3 24
$0
$3.3M
Q2 24
$0
$4.2M
Q1 24
$0
$5.8M
Net Profit
PCT
PCT
SRG
SRG
Q4 25
$-18.8M
Q3 25
$-28.4M
$-12.4M
Q2 25
$-144.2M
$-28.5M
Q1 25
$8.8M
$-22.2M
Q4 24
$-64.7M
Q3 24
$-90.6M
$-22.0M
Q2 24
$-48.2M
$-101.2M
Q1 24
$-85.6M
$-19.0M
Operating Margin
PCT
PCT
SRG
SRG
Q4 25
-2196.1%
Q3 25
-1602.2%
-258.0%
Q2 25
-2763.5%
-610.2%
Q1 25
-2387.4%
-486.9%
Q4 24
Q3 24
-673.2%
Q2 24
-2366.1%
Q1 24
-328.7%
Net Margin
PCT
PCT
SRG
SRG
Q4 25
-697.1%
Q3 25
-1167.5%
-259.6%
Q2 25
-8741.8%
-612.6%
Q1 25
559.0%
-482.8%
Q4 24
Q3 24
-675.9%
Q2 24
-2401.0%
Q1 24
-328.9%
EPS (diluted)
PCT
PCT
SRG
SRG
Q4 25
$-0.14
Q3 25
$-0.31
$-0.24
Q2 25
$-0.81
$-0.53
Q1 25
$0.05
$-0.42
Q4 24
$-0.40
Q3 24
$-0.54
$-0.41
Q2 24
$-0.29
$-1.82
Q1 24
$-0.52
$-0.36

Balance Sheet & Financial Strength

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

Metric
PCT
PCT
SRG
SRG
Cash + ST InvestmentsLiquidity on hand
$156.7M
$48.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$45.9M
$331.4M
Total Assets
$922.7M
$393.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PCT
PCT
SRG
SRG
Q4 25
$156.7M
$48.1M
Q3 25
$234.4M
$51.5M
Q2 25
$284.1M
$71.8M
Q1 25
$22.5M
$94.3M
Q4 24
$15.7M
$85.2M
Q3 24
$83.7M
$85.6M
Q2 24
$10.9M
$86.7M
Q1 24
$25.0M
$114.9M
Stockholders' Equity
PCT
PCT
SRG
SRG
Q4 25
$45.9M
$331.4M
Q3 25
$68.2M
$337.7M
Q2 25
$98.9M
$351.4M
Q1 25
$238.2M
$381.1M
Q4 24
$180.4M
$404.5M
Q3 24
$241.4M
$417.5M
Q2 24
$291.6M
$440.4M
Q1 24
$336.8M
$542.4M
Total Assets
PCT
PCT
SRG
SRG
Q4 25
$922.7M
$393.8M
Q3 25
$989.1M
$558.6M
Q2 25
$1.0B
$575.7M
Q1 25
$787.3M
$649.7M
Q4 24
$798.4M
$677.8M
Q3 24
$788.8M
$735.0M
Q2 24
$719.8M
$758.3M
Q1 24
$734.0M
$914.6M

Cash Flow & Capital Efficiency

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

Metric
PCT
PCT
SRG
SRG
Operating Cash FlowLast quarter
$-28.7M
$-34.9M
Free Cash FlowOCF − Capex
$-42.0M
FCF MarginFCF / Revenue
-1559.6%
Capex IntensityCapex / Revenue
495.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-183.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PCT
PCT
SRG
SRG
Q4 25
$-28.7M
$-34.9M
Q3 25
$-38.5M
$-12.5M
Q2 25
$-36.7M
$-12.0M
Q1 25
$-38.9M
$-9.2M
Q4 24
$-31.8M
$-53.5M
Q3 24
$-33.4M
$-15.5M
Q2 24
$-40.4M
$-7.5M
Q1 24
$-39.2M
$-16.6M
Free Cash Flow
PCT
PCT
SRG
SRG
Q4 25
$-42.0M
Q3 25
$-42.4M
Q2 25
$-45.3M
Q1 25
$-53.9M
Q4 24
$-53.4M
Q3 24
$-42.6M
Q2 24
$-50.8M
Q1 24
$-53.5M
FCF Margin
PCT
PCT
SRG
SRG
Q4 25
-1559.6%
Q3 25
-1743.1%
Q2 25
-2747.1%
Q1 25
-3409.6%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
PCT
PCT
SRG
SRG
Q4 25
495.1%
Q3 25
160.3%
Q2 25
521.5%
Q1 25
949.6%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
PCT
PCT
SRG
SRG
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.

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