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Side-by-side financial comparison of PureCycle Technologies, Inc. (PCT) and TMC the metals Co Inc. (TMC). Click either name above to swap in a different company.
PureCycle Technologies, Inc. is the larger business by last-quarter revenue ($2.7M vs $1.3M, roughly 2.1× TMC the metals Co Inc.). PureCycle Technologies, Inc. runs the higher net margin — -697.1% vs -3136.5%, a 2439.4% gap on every dollar of revenue. TMC the metals Co Inc. produced more free cash flow last quarter ($-11.5M 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.
The Metals Company, formerly DeepGreen Metals, is a Canadian deep sea mining exploration company. The company focuses on the mining of polymetallic nodules in the Clarion Clipperton Zone of the Pacific.
PCT vs TMC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.7M | $1.3M |
| Net Profit | $-18.8M | $-40.4M |
| Gross Margin | — | — |
| Operating Margin | -2196.1% | -3470.9% |
| Net Margin | -697.1% | -3136.5% |
| Revenue YoY | — | 2425.5% |
| Net Profit YoY | 71.0% | -151.5% |
| EPS (diluted) | $-0.14 | $0.11 |
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 | $1.3M | ||
| Q3 25 | $2.4M | $1.3M | ||
| Q2 25 | $1.6M | — | ||
| Q1 25 | $1.6M | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $0 | — | ||
| Q1 24 | $0 | — |
| Q4 25 | $-18.8M | $-40.4M | ||
| Q3 25 | $-28.4M | $-184.5M | ||
| Q2 25 | $-144.2M | — | ||
| Q1 25 | $8.8M | — | ||
| Q4 24 | $-64.7M | — | ||
| Q3 24 | $-90.6M | — | ||
| Q2 24 | $-48.2M | — | ||
| Q1 24 | $-85.6M | — |
| Q4 25 | -2196.1% | -3470.9% | ||
| Q3 25 | -1602.2% | -4134.4% | ||
| Q2 25 | -2763.5% | — | ||
| Q1 25 | -2387.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -697.1% | -3136.5% | ||
| Q3 25 | -1167.5% | -13780.2% | ||
| Q2 25 | -8741.8% | — | ||
| Q1 25 | 559.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-0.14 | $0.11 | ||
| Q3 25 | $-0.31 | $0.46 | ||
| Q2 25 | $-0.81 | — | ||
| Q1 25 | $0.05 | — | ||
| Q4 24 | $-0.40 | — | ||
| Q3 24 | $-0.54 | — | ||
| Q2 24 | $-0.29 | — | ||
| Q1 24 | $-0.52 | — |
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 | $117.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $45.9M | $-33.4M |
| Total Assets | $922.7M | $181.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.7M | $117.6M | ||
| Q3 25 | $234.4M | $115.6M | ||
| Q2 25 | $284.1M | — | ||
| Q1 25 | $22.5M | — | ||
| Q4 24 | $15.7M | — | ||
| Q3 24 | $83.7M | — | ||
| Q2 24 | $10.9M | — | ||
| Q1 24 | $25.0M | — |
| Q4 25 | $45.9M | $-33.4M | ||
| Q3 25 | $68.2M | $-40.6M | ||
| Q2 25 | $98.9M | — | ||
| Q1 25 | $238.2M | — | ||
| Q4 24 | $180.4M | — | ||
| Q3 24 | $241.4M | — | ||
| Q2 24 | $291.6M | — | ||
| Q1 24 | $336.8M | — |
| Q4 25 | $922.7M | $181.6M | ||
| Q3 25 | $989.1M | $175.6M | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $787.3M | — | ||
| Q4 24 | $798.4M | — | ||
| Q3 24 | $788.8M | — | ||
| Q2 24 | $719.8M | — | ||
| Q1 24 | $734.0M | — |
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 | $-11.4M |
| Free Cash FlowOCF − Capex | $-42.0M | $-11.5M |
| FCF MarginFCF / Revenue | -1559.6% | -889.8% |
| Capex IntensityCapex / Revenue | 495.1% | 8.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-183.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-28.7M | $-11.4M | ||
| Q3 25 | $-38.5M | $-11.5M | ||
| Q2 25 | $-36.7M | — | ||
| Q1 25 | $-38.9M | — | ||
| Q4 24 | $-31.8M | — | ||
| Q3 24 | $-33.4M | — | ||
| Q2 24 | $-40.4M | — | ||
| Q1 24 | $-39.2M | — |
| Q4 25 | $-42.0M | $-11.5M | ||
| Q3 25 | $-42.4M | $-11.5M | ||
| Q2 25 | $-45.3M | — | ||
| Q1 25 | $-53.9M | — | ||
| Q4 24 | $-53.4M | — | ||
| Q3 24 | $-42.6M | — | ||
| Q2 24 | $-50.8M | — | ||
| Q1 24 | $-53.5M | — |
| Q4 25 | -1559.6% | -889.8% | ||
| Q3 25 | -1743.1% | -859.4% | ||
| Q2 25 | -2747.1% | — | ||
| Q1 25 | -3409.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 495.1% | 8.2% | ||
| Q3 25 | 160.3% | 1.5% | ||
| Q2 25 | 521.5% | — | ||
| Q1 25 | 949.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| 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.
