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Side-by-side financial comparison of TECOGEN INC. (TGEN) and TOP Financial Group Ltd (TOP). Click either name above to swap in a different company.
TECOGEN INC. is the larger business by last-quarter revenue ($5.3M vs $2.9M, roughly 1.9× TOP Financial Group Ltd). TOP Financial Group Ltd runs the higher net margin — 6.6% vs -75.1%, a 81.7% gap on every dollar of revenue.
Sun Life Financial Inc. is a Canadian financial services company headquartered in Toronto, Ontario. Founded in 1865, it operates internationally in life insurance, wealth management, and asset management. As of 2024, the company manages over CAD$1.3 trillion in assets and serves clients in Canada, the United States, Asia, and other markets.
TGEN vs TOP — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.3M | $2.9M |
| Net Profit | $-4.0M | $190.5K |
| Gross Margin | 36.8% | — |
| Operating Margin | -77.8% | — |
| Net Margin | -75.1% | 6.6% |
| Revenue YoY | -12.5% | — |
| Net Profit YoY | -236.7% | — |
| 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.
| Q4 25 | $5.3M | — | ||
| Q3 25 | $7.2M | $2.9M | ||
| Q2 25 | $7.3M | — | ||
| Q1 25 | $7.3M | — | ||
| Q4 24 | $6.1M | — | ||
| Q3 24 | $5.6M | — | ||
| Q2 24 | $4.7M | — | ||
| Q1 24 | $6.2M | — |
| Q4 25 | $-4.0M | — | ||
| Q3 25 | $-2.1M | $190.5K | ||
| Q2 25 | $-1.5M | — | ||
| Q1 25 | $-659.9K | — | ||
| Q4 24 | $-1.2M | — | ||
| Q3 24 | $-930.4K | — | ||
| Q2 24 | $-1.5M | — | ||
| Q1 24 | $-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 | -77.8% | — | ||
| Q3 25 | -29.2% | — | ||
| Q2 25 | -19.4% | — | ||
| Q1 25 | -8.2% | — | ||
| Q4 24 | -18.7% | — | ||
| Q3 24 | -15.5% | — | ||
| Q2 24 | -31.2% | — | ||
| Q1 24 | -17.0% | — |
| Q4 25 | -75.1% | — | ||
| Q3 25 | -29.7% | 6.6% | ||
| Q2 25 | -20.1% | — | ||
| Q1 25 | -9.1% | — | ||
| Q4 24 | -19.5% | — | ||
| Q3 24 | -16.5% | — | ||
| Q2 24 | -32.5% | — | ||
| Q1 24 | -17.9% | — |
| Q4 25 | $-0.14 | — | ||
| Q3 25 | $-0.07 | — | ||
| Q2 25 | $-0.06 | — | ||
| Q1 25 | $-0.03 | — | ||
| Q4 24 | $-0.05 | — | ||
| Q3 24 | $-0.04 | — | ||
| Q2 24 | $-0.06 | — | ||
| Q1 24 | $-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 | $12.4M | $14.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $21.6M | $35.0M |
| Total Assets | $37.0M | $64.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.4M | — | ||
| Q3 25 | $15.3M | $14.8M | ||
| Q2 25 | $1.6M | — | ||
| Q1 25 | $4.1M | — | ||
| Q4 24 | $5.4M | — | ||
| Q3 24 | $1.3M | — | ||
| Q2 24 | $841.9K | — | ||
| Q1 24 | $1.5M | — |
| Q4 25 | $21.6M | — | ||
| Q3 25 | $25.5M | $35.0M | ||
| Q2 25 | $9.1M | — | ||
| Q1 25 | $9.6M | — | ||
| Q4 24 | $10.2M | — | ||
| Q3 24 | $11.3M | — | ||
| Q2 24 | $12.2M | — | ||
| Q1 24 | $13.7M | — |
| Q4 25 | $37.0M | — | ||
| Q3 25 | $41.5M | $64.1M | ||
| Q2 25 | $28.4M | — | ||
| Q1 25 | $29.7M | — | ||
| Q4 24 | $31.1M | — | ||
| Q3 24 | $27.5M | — | ||
| Q2 24 | $27.2M | — | ||
| Q1 24 | $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 | $-2.6M | — |
| Free Cash FlowOCF − Capex | $-2.6M | — |
| FCF MarginFCF / Revenue | -49.3% | — |
| Capex IntensityCapex / Revenue | 0.9% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-10.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-3.6M | — | ||
| Q2 25 | $-2.6M | — | ||
| Q1 25 | $-1.2M | — | ||
| Q4 24 | $4.2M | — | ||
| Q3 24 | $-207.3K | — | ||
| Q2 24 | $-157.9K | — | ||
| Q1 24 | $248.2K | — |
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-3.6M | — | ||
| Q2 25 | $-2.7M | — | ||
| Q1 25 | $-1.3M | — | ||
| Q4 24 | $4.0M | — | ||
| Q3 24 | $-489.6K | — | ||
| Q2 24 | $-609.6K | — | ||
| Q1 24 | $143.3K | — |
| Q4 25 | -49.3% | — | ||
| Q3 25 | -50.6% | — | ||
| Q2 25 | -37.7% | — | ||
| Q1 25 | -17.9% | — | ||
| Q4 24 | 66.6% | — | ||
| Q3 24 | -8.7% | — | ||
| Q2 24 | -12.9% | — | ||
| Q1 24 | 2.3% | — |
| Q4 25 | 0.9% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 5.0% | — | ||
| Q2 24 | 9.6% | — | ||
| Q1 24 | 1.7% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TGEN
| Installation Services | $4.5M | 84% |
| Products Segment | $460.5K | 9% |
| Other | $394.7K | 7% |
TOP
Segment breakdown not available.
