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

PureCycle Technologies, Inc. is the larger business by last-quarter revenue ($2.7M vs $2.5M, roughly 1.1× XTI Aerospace, Inc.). XTI Aerospace, Inc. runs the higher net margin — -541.3% vs -697.1%, a 155.8% gap on every dollar of revenue. XTI Aerospace, Inc. produced more free cash flow last quarter ($-8.4M 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.

Nextant Aerospace is a United States–based company specializing in the remanufacturing of business jets. Founded in 2007, Nextant is the first company to introduce the concept of aircraft remanufacturing to the business jet market.

PCT vs XTIA — Head-to-Head

Bigger by revenue
PCT
PCT
1.1× larger
PCT
$2.7M
$2.5M
XTIA
Higher net margin
XTIA
XTIA
155.8% more per $
XTIA
-541.3%
-697.1%
PCT
More free cash flow
XTIA
XTIA
$33.6M more FCF
XTIA
$-8.4M
$-42.0M
PCT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
PCT
PCT
XTIA
XTIA
Revenue
$2.7M
$2.5M
Net Profit
$-18.8M
$-13.4M
Gross Margin
43.4%
Operating Margin
-2196.1%
-596.2%
Net Margin
-697.1%
-541.3%
Revenue YoY
170.6%
Net Profit YoY
71.0%
-203.2%
EPS (diluted)
$-0.14
$-0.61

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
XTIA
XTIA
Q4 25
$2.7M
Q3 25
$2.4M
$2.5M
Q2 25
$1.6M
$600.0K
Q1 25
$1.6M
$484.0K
Q4 24
$0
$1.0M
Q3 24
$0
$918.0K
Q2 24
$0
$1.0M
Q1 24
$0
Net Profit
PCT
PCT
XTIA
XTIA
Q4 25
$-18.8M
Q3 25
$-28.4M
$-13.4M
Q2 25
$-144.2M
$-20.9M
Q1 25
$8.8M
$-12.9M
Q4 24
$-64.7M
Q3 24
$-90.6M
$-4.4M
Q2 24
$-48.2M
$-14.7M
Q1 24
$-85.6M
Gross Margin
PCT
PCT
XTIA
XTIA
Q4 25
Q3 25
43.4%
Q2 25
80.5%
Q1 25
69.2%
Q4 24
54.7%
Q3 24
56.6%
Q2 24
64.2%
Q1 24
Operating Margin
PCT
PCT
XTIA
XTIA
Q4 25
-2196.1%
Q3 25
-1602.2%
-596.2%
Q2 25
-2763.5%
-1855.0%
Q1 25
-2387.4%
-2149.2%
Q4 24
Q3 24
-459.3%
Q2 24
-1350.8%
Q1 24
Net Margin
PCT
PCT
XTIA
XTIA
Q4 25
-697.1%
Q3 25
-1167.5%
-541.3%
Q2 25
-8741.8%
-3476.3%
Q1 25
559.0%
-2659.5%
Q4 24
Q3 24
-483.1%
Q2 24
-1426.8%
Q1 24
EPS (diluted)
PCT
PCT
XTIA
XTIA
Q4 25
$-0.14
Q3 25
$-0.31
$-0.61
Q2 25
$-0.81
$-2.93
Q1 25
$0.05
$-3.80
Q4 24
$-0.40
Q3 24
$-0.54
$-33.40
Q2 24
$-0.29
$-261.99
Q1 24
$-0.52

Balance Sheet & Financial Strength

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

Metric
PCT
PCT
XTIA
XTIA
Cash + ST InvestmentsLiquidity on hand
$156.7M
$32.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$45.9M
$10.5M
Total Assets
$922.7M
$47.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PCT
PCT
XTIA
XTIA
Q4 25
$156.7M
Q3 25
$234.4M
$32.2M
Q2 25
$284.1M
$20.0M
Q1 25
$22.5M
$8.0M
Q4 24
$15.7M
$4.0M
Q3 24
$83.7M
$511.0K
Q2 24
$10.9M
$5.8M
Q1 24
$25.0M
Total Debt
PCT
PCT
XTIA
XTIA
Q4 25
Q3 25
Q2 25
$65.0K
Q1 25
$65.0K
Q4 24
$65.0K
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PCT
PCT
XTIA
XTIA
Q4 25
$45.9M
Q3 25
$68.2M
$10.5M
Q2 25
$98.9M
$12.4M
Q1 25
$238.2M
$13.9M
Q4 24
$180.4M
$6.6M
Q3 24
$241.4M
$6.9M
Q2 24
$291.6M
$10.6M
Q1 24
$336.8M
Total Assets
PCT
PCT
XTIA
XTIA
Q4 25
$922.7M
Q3 25
$989.1M
$47.9M
Q2 25
$1.0B
$35.4M
Q1 25
$787.3M
$27.1M
Q4 24
$798.4M
$24.3M
Q3 24
$788.8M
$29.3M
Q2 24
$719.8M
$34.0M
Q1 24
$734.0M
Debt / Equity
PCT
PCT
XTIA
XTIA
Q4 25
Q3 25
Q2 25
0.01×
Q1 25
0.00×
Q4 24
0.01×
Q3 24
Q2 24
Q1 24

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
XTIA
XTIA
Operating Cash FlowLast quarter
$-28.7M
$-8.4M
Free Cash FlowOCF − Capex
$-42.0M
$-8.4M
FCF MarginFCF / Revenue
-1559.6%
-338.0%
Capex IntensityCapex / Revenue
495.1%
0.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-183.6M
$-52.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PCT
PCT
XTIA
XTIA
Q4 25
$-28.7M
Q3 25
$-38.5M
$-8.4M
Q2 25
$-36.7M
$-6.7M
Q1 25
$-38.9M
$-15.2M
Q4 24
$-31.8M
$-22.3M
Q3 24
$-33.4M
$-6.1M
Q2 24
$-40.4M
$-5.6M
Q1 24
$-39.2M
Free Cash Flow
PCT
PCT
XTIA
XTIA
Q4 25
$-42.0M
Q3 25
$-42.4M
$-8.4M
Q2 25
$-45.3M
$-6.8M
Q1 25
$-53.9M
$-15.3M
Q4 24
$-53.4M
$-22.4M
Q3 24
$-42.6M
$-6.2M
Q2 24
$-50.8M
$-5.7M
Q1 24
$-53.5M
FCF Margin
PCT
PCT
XTIA
XTIA
Q4 25
-1559.6%
Q3 25
-1743.1%
-338.0%
Q2 25
-2747.1%
-1133.2%
Q1 25
-3409.6%
-3158.5%
Q4 24
-2166.0%
Q3 24
-670.0%
Q2 24
-548.0%
Q1 24
Capex Intensity
PCT
PCT
XTIA
XTIA
Q4 25
495.1%
Q3 25
160.3%
0.9%
Q2 25
521.5%
9.7%
Q1 25
949.6%
9.3%
Q4 24
6.6%
Q3 24
3.9%
Q2 24
1.1%
Q1 24
Cash Conversion
PCT
PCT
XTIA
XTIA
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
PCT

Segment breakdown not available.

XTIA
XTIA

Short Term Contract With Customer$2.1M85%
Other$374.0K15%

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