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Side-by-side financial comparison of PureCycle Technologies, Inc. (PCT) 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 $2.7M, roughly 2.0× PureCycle Technologies, Inc.). TECOGEN INC. runs the higher net margin — -75.1% vs -697.1%, a 622.0% gap on every dollar of revenue. TECOGEN INC. produced more free cash flow last quarter ($-2.6M 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.
PCT vs TGEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.7M | $5.3M |
| Net Profit | $-18.8M | $-4.0M |
| Gross Margin | — | 36.8% |
| Operating Margin | -2196.1% | -77.8% |
| Net Margin | -697.1% | -75.1% |
| Revenue YoY | — | -12.5% |
| Net Profit YoY | 71.0% | -236.7% |
| EPS (diluted) | $-0.14 | $-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 | $2.7M | $5.3M | ||
| Q3 25 | $2.4M | $7.2M | ||
| Q2 25 | $1.6M | $7.3M | ||
| Q1 25 | $1.6M | $7.3M | ||
| Q4 24 | $0 | $6.1M | ||
| Q3 24 | $0 | $5.6M | ||
| Q2 24 | $0 | $4.7M | ||
| Q1 24 | $0 | $6.2M |
| Q4 25 | $-18.8M | $-4.0M | ||
| Q3 25 | $-28.4M | $-2.1M | ||
| Q2 25 | $-144.2M | $-1.5M | ||
| Q1 25 | $8.8M | $-659.9K | ||
| Q4 24 | $-64.7M | $-1.2M | ||
| Q3 24 | $-90.6M | $-930.4K | ||
| Q2 24 | $-48.2M | $-1.5M | ||
| Q1 24 | $-85.6M | $-1.1M |
| Q4 25 | — | 36.8% | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | — | 33.8% | ||
| Q1 25 | — | 44.3% | ||
| Q4 24 | — | 45.0% | ||
| Q3 24 | — | 44.1% | ||
| Q2 24 | — | 44.0% | ||
| Q1 24 | — | 41.6% |
| Q4 25 | -2196.1% | -77.8% | ||
| Q3 25 | -1602.2% | -29.2% | ||
| Q2 25 | -2763.5% | -19.4% | ||
| Q1 25 | -2387.4% | -8.2% | ||
| Q4 24 | — | -18.7% | ||
| Q3 24 | — | -15.5% | ||
| Q2 24 | — | -31.2% | ||
| Q1 24 | — | -17.0% |
| Q4 25 | -697.1% | -75.1% | ||
| Q3 25 | -1167.5% | -29.7% | ||
| Q2 25 | -8741.8% | -20.1% | ||
| Q1 25 | 559.0% | -9.1% | ||
| Q4 24 | — | -19.5% | ||
| Q3 24 | — | -16.5% | ||
| Q2 24 | — | -32.5% | ||
| Q1 24 | — | -17.9% |
| Q4 25 | $-0.14 | $-0.14 | ||
| Q3 25 | $-0.31 | $-0.07 | ||
| Q2 25 | $-0.81 | $-0.06 | ||
| Q1 25 | $0.05 | $-0.03 | ||
| Q4 24 | $-0.40 | $-0.05 | ||
| Q3 24 | $-0.54 | $-0.04 | ||
| Q2 24 | $-0.29 | $-0.06 | ||
| Q1 24 | $-0.52 | $-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 | $156.7M | $12.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $45.9M | $21.6M |
| Total Assets | $922.7M | $37.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.7M | $12.4M | ||
| Q3 25 | $234.4M | $15.3M | ||
| Q2 25 | $284.1M | $1.6M | ||
| Q1 25 | $22.5M | $4.1M | ||
| Q4 24 | $15.7M | $5.4M | ||
| Q3 24 | $83.7M | $1.3M | ||
| Q2 24 | $10.9M | $841.9K | ||
| Q1 24 | $25.0M | $1.5M |
| Q4 25 | $45.9M | $21.6M | ||
| Q3 25 | $68.2M | $25.5M | ||
| Q2 25 | $98.9M | $9.1M | ||
| Q1 25 | $238.2M | $9.6M | ||
| Q4 24 | $180.4M | $10.2M | ||
| Q3 24 | $241.4M | $11.3M | ||
| Q2 24 | $291.6M | $12.2M | ||
| Q1 24 | $336.8M | $13.7M |
| Q4 25 | $922.7M | $37.0M | ||
| Q3 25 | $989.1M | $41.5M | ||
| Q2 25 | $1.0B | $28.4M | ||
| Q1 25 | $787.3M | $29.7M | ||
| Q4 24 | $798.4M | $31.1M | ||
| Q3 24 | $788.8M | $27.5M | ||
| Q2 24 | $719.8M | $27.2M | ||
| Q1 24 | $734.0M | $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 | $-28.7M | $-2.6M |
| Free Cash FlowOCF − Capex | $-42.0M | $-2.6M |
| FCF MarginFCF / Revenue | -1559.6% | -49.3% |
| Capex IntensityCapex / Revenue | 495.1% | 0.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-183.6M | $-10.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-28.7M | $-2.6M | ||
| Q3 25 | $-38.5M | $-3.6M | ||
| Q2 25 | $-36.7M | $-2.6M | ||
| Q1 25 | $-38.9M | $-1.2M | ||
| Q4 24 | $-31.8M | $4.2M | ||
| Q3 24 | $-33.4M | $-207.3K | ||
| Q2 24 | $-40.4M | $-157.9K | ||
| Q1 24 | $-39.2M | $248.2K |
| Q4 25 | $-42.0M | $-2.6M | ||
| Q3 25 | $-42.4M | $-3.6M | ||
| Q2 25 | $-45.3M | $-2.7M | ||
| Q1 25 | $-53.9M | $-1.3M | ||
| Q4 24 | $-53.4M | $4.0M | ||
| Q3 24 | $-42.6M | $-489.6K | ||
| Q2 24 | $-50.8M | $-609.6K | ||
| Q1 24 | $-53.5M | $143.3K |
| Q4 25 | -1559.6% | -49.3% | ||
| Q3 25 | -1743.1% | -50.6% | ||
| Q2 25 | -2747.1% | -37.7% | ||
| Q1 25 | -3409.6% | -17.9% | ||
| Q4 24 | — | 66.6% | ||
| Q3 24 | — | -8.7% | ||
| Q2 24 | — | -12.9% | ||
| Q1 24 | — | 2.3% |
| Q4 25 | 495.1% | 0.9% | ||
| Q3 25 | 160.3% | 1.0% | ||
| Q2 25 | 521.5% | 2.0% | ||
| Q1 25 | 949.6% | 1.8% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 5.0% | ||
| Q2 24 | — | 9.6% | ||
| Q1 24 | — | 1.7% |
| 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.
Revenue Breakdown by Segment
PCT
Segment breakdown not available.
TGEN
| Installation Services | $4.5M | 84% |
| Products Segment | $460.5K | 9% |
| Other | $394.7K | 7% |
