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

Xos, Inc. is the larger business by last-quarter revenue ($5.2M vs $2.7M, roughly 1.9× PureCycle Technologies, Inc.). Xos, Inc. runs the higher net margin — -186.8% vs -697.1%, a 510.3% gap on every dollar of revenue.

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.

Xos, Inc. is an American manufacturer of commercial electric vehicles (EVs) and mobile EV chargers.

PCT vs XOS — Head-to-Head

Bigger by revenue
XOS
XOS
1.9× larger
XOS
$5.2M
$2.7M
PCT
Higher net margin
XOS
XOS
510.3% more per $
XOS
-186.8%
-697.1%
PCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PCT
PCT
XOS
XOS
Revenue
$2.7M
$5.2M
Net Profit
$-18.8M
$-9.8M
Gross Margin
-50.5%
Operating Margin
-2196.1%
-186.6%
Net Margin
-697.1%
-186.8%
Revenue YoY
-54.5%
Net Profit YoY
71.0%
48.6%
EPS (diluted)
$-0.14
$-0.76

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
XOS
XOS
Q4 25
$2.7M
$5.2M
Q3 25
$2.4M
$16.5M
Q2 25
$1.6M
$18.4M
Q1 25
$1.6M
$5.9M
Q4 24
$0
$11.5M
Q3 24
$0
$15.8M
Q2 24
$0
$15.5M
Q1 24
$0
$12.6M
Net Profit
PCT
PCT
XOS
XOS
Q4 25
$-18.8M
$-9.8M
Q3 25
$-28.4M
$2.1M
Q2 25
$-144.2M
$-7.5M
Q1 25
$8.8M
$-10.2M
Q4 24
$-64.7M
$-19.0M
Q3 24
$-90.6M
$-10.5M
Q2 24
$-48.2M
$-9.7M
Q1 24
$-85.6M
$-11.0M
Gross Margin
PCT
PCT
XOS
XOS
Q4 25
-50.5%
Q3 25
15.3%
Q2 25
8.8%
Q1 25
20.6%
Q4 24
-32.4%
Q3 24
18.1%
Q2 24
13.1%
Q1 24
22.1%
Operating Margin
PCT
PCT
XOS
XOS
Q4 25
-2196.1%
-186.6%
Q3 25
-1602.2%
-42.4%
Q2 25
-2763.5%
-38.5%
Q1 25
-2387.4%
-157.7%
Q4 24
-127.0%
Q3 24
-61.4%
Q2 24
-73.2%
Q1 24
-81.1%
Net Margin
PCT
PCT
XOS
XOS
Q4 25
-697.1%
-186.8%
Q3 25
-1167.5%
12.9%
Q2 25
-8741.8%
-40.8%
Q1 25
559.0%
-173.3%
Q4 24
-165.4%
Q3 24
-66.6%
Q2 24
-62.2%
Q1 24
-87.1%
EPS (diluted)
PCT
PCT
XOS
XOS
Q4 25
$-0.14
$-0.76
Q3 25
$-0.31
$0.22
Q2 25
$-0.81
$-0.91
Q1 25
$0.05
$-1.26
Q4 24
$-0.40
$-2.34
Q3 24
$-0.54
$-1.32
Q2 24
$-0.29
$-1.23
Q1 24
$-0.52
$-1.80

Balance Sheet & Financial Strength

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

Metric
PCT
PCT
XOS
XOS
Cash + ST InvestmentsLiquidity on hand
$156.7M
$14.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$45.9M
$23.3M
Total Assets
$922.7M
$60.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PCT
PCT
XOS
XOS
Q4 25
$156.7M
$14.0M
Q3 25
$234.4M
$14.1M
Q2 25
$284.1M
$8.8M
Q1 25
$22.5M
$4.8M
Q4 24
$15.7M
$11.0M
Q3 24
$83.7M
$8.4M
Q2 24
$10.9M
$19.7M
Q1 24
$25.0M
$46.2M
Stockholders' Equity
PCT
PCT
XOS
XOS
Q4 25
$45.9M
$23.3M
Q3 25
$68.2M
$31.1M
Q2 25
$98.9M
$18.3M
Q1 25
$238.2M
$24.8M
Q4 24
$180.4M
$33.6M
Q3 24
$241.4M
$50.8M
Q2 24
$291.6M
$59.2M
Q1 24
$336.8M
$67.8M
Total Assets
PCT
PCT
XOS
XOS
Q4 25
$922.7M
$60.4M
Q3 25
$989.1M
$73.8M
Q2 25
$1.0B
$80.3M
Q1 25
$787.3M
$87.7M
Q4 24
$798.4M
$98.3M
Q3 24
$788.8M
$120.5M
Q2 24
$719.8M
$123.4M
Q1 24
$734.0M
$135.0M

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
XOS
XOS
Operating Cash FlowLast quarter
$-28.7M
$2.4M
Free Cash FlowOCF − Capex
$-42.0M
FCF MarginFCF / Revenue
-1559.6%
Capex IntensityCapex / Revenue
495.1%
0.0%
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
XOS
XOS
Q4 25
$-28.7M
$2.4M
Q3 25
$-38.5M
$3.1M
Q2 25
$-36.7M
$4.6M
Q1 25
$-38.9M
$-4.8M
Q4 24
$-31.8M
$3.3M
Q3 24
$-33.4M
$-11.5M
Q2 24
$-40.4M
$-26.0M
Q1 24
$-39.2M
$-14.6M
Free Cash Flow
PCT
PCT
XOS
XOS
Q4 25
$-42.0M
Q3 25
$-42.4M
Q2 25
$-45.3M
Q1 25
$-53.9M
Q4 24
$-53.4M
Q3 24
$-42.6M
$-11.7M
Q2 24
$-50.8M
$-26.1M
Q1 24
$-53.5M
$-14.6M
FCF Margin
PCT
PCT
XOS
XOS
Q4 25
-1559.6%
Q3 25
-1743.1%
Q2 25
-2747.1%
Q1 25
-3409.6%
Q4 24
Q3 24
-73.9%
Q2 24
-168.1%
Q1 24
-115.7%
Capex Intensity
PCT
PCT
XOS
XOS
Q4 25
495.1%
0.0%
Q3 25
160.3%
0.0%
Q2 25
521.5%
0.0%
Q1 25
949.6%
0.0%
Q4 24
0.0%
Q3 24
0.9%
Q2 24
0.8%
Q1 24
0.2%
Cash Conversion
PCT
PCT
XOS
XOS
Q4 25
Q3 25
1.45×
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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