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Side-by-side financial comparison of TECOGEN INC. (TGEN) and Zhongchao Inc. (ZCMD). Click either name above to swap in a different company.

Zhongchao Inc. is the larger business by last-quarter revenue ($5.6M vs $5.3M, roughly 1.1× TECOGEN INC.). Zhongchao Inc. runs the higher net margin — -17.2% vs -75.1%, a 57.9% gap on every dollar of revenue. On growth, TECOGEN INC. posted the faster year-over-year revenue change (-12.5% vs -32.9%).

Zhongchao Inc. is a China-based healthcare information and service provider. It mainly offers professional medical education courses for healthcare practitioners, healthcare data analysis solutions, and patient care support services to pharmaceutical enterprises, medical institutions, and public health management entities across the Chinese mainland.

TGEN vs ZCMD — Head-to-Head

Bigger by revenue
ZCMD
ZCMD
1.1× larger
ZCMD
$5.6M
$5.3M
TGEN
Growing faster (revenue YoY)
TGEN
TGEN
+20.4% gap
TGEN
-12.5%
-32.9%
ZCMD
Higher net margin
ZCMD
ZCMD
57.9% more per $
ZCMD
-17.2%
-75.1%
TGEN

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
TGEN
TGEN
ZCMD
ZCMD
Revenue
$5.3M
$5.6M
Net Profit
$-4.0M
$-965.3K
Gross Margin
36.8%
48.4%
Operating Margin
-77.8%
-15.7%
Net Margin
-75.1%
-17.2%
Revenue YoY
-12.5%
-32.9%
Net Profit YoY
-236.7%
-1171.9%
EPS (diluted)
$-0.14
$-0.04

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
TGEN
TGEN
ZCMD
ZCMD
Q4 25
$5.3M
Q3 25
$7.2M
Q2 25
$7.3M
$5.6M
Q1 25
$7.3M
Q4 24
$6.1M
Q3 24
$5.6M
Q2 24
$4.7M
$8.3M
Q1 24
$6.2M
Net Profit
TGEN
TGEN
ZCMD
ZCMD
Q4 25
$-4.0M
Q3 25
$-2.1M
Q2 25
$-1.5M
$-965.3K
Q1 25
$-659.9K
Q4 24
$-1.2M
Q3 24
$-930.4K
Q2 24
$-1.5M
$90.0K
Q1 24
$-1.1M
Gross Margin
TGEN
TGEN
ZCMD
ZCMD
Q4 25
36.8%
Q3 25
30.4%
Q2 25
33.8%
48.4%
Q1 25
44.3%
Q4 24
45.0%
Q3 24
44.1%
Q2 24
44.0%
56.7%
Q1 24
41.6%
Operating Margin
TGEN
TGEN
ZCMD
ZCMD
Q4 25
-77.8%
Q3 25
-29.2%
Q2 25
-19.4%
-15.7%
Q1 25
-8.2%
Q4 24
-18.7%
Q3 24
-15.5%
Q2 24
-31.2%
-0.6%
Q1 24
-17.0%
Net Margin
TGEN
TGEN
ZCMD
ZCMD
Q4 25
-75.1%
Q3 25
-29.7%
Q2 25
-20.1%
-17.2%
Q1 25
-9.1%
Q4 24
-19.5%
Q3 24
-16.5%
Q2 24
-32.5%
1.1%
Q1 24
-17.9%
EPS (diluted)
TGEN
TGEN
ZCMD
ZCMD
Q4 25
$-0.14
Q3 25
$-0.07
Q2 25
$-0.06
$-0.04
Q1 25
$-0.03
Q4 24
$-0.05
Q3 24
$-0.04
Q2 24
$-0.06
$0.03
Q1 24
$-0.04

Balance Sheet & Financial Strength

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

Metric
TGEN
TGEN
ZCMD
ZCMD
Cash + ST InvestmentsLiquidity on hand
$12.4M
$15.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$21.6M
$20.3M
Total Assets
$37.0M
$26.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TGEN
TGEN
ZCMD
ZCMD
Q4 25
$12.4M
Q3 25
$15.3M
Q2 25
$1.6M
$15.0M
Q1 25
$4.1M
Q4 24
$5.4M
Q3 24
$1.3M
Q2 24
$841.9K
$12.2M
Q1 24
$1.5M
Stockholders' Equity
TGEN
TGEN
ZCMD
ZCMD
Q4 25
$21.6M
Q3 25
$25.5M
Q2 25
$9.1M
$20.3M
Q1 25
$9.6M
Q4 24
$10.2M
Q3 24
$11.3M
Q2 24
$12.2M
$17.7M
Q1 24
$13.7M
Total Assets
TGEN
TGEN
ZCMD
ZCMD
Q4 25
$37.0M
Q3 25
$41.5M
Q2 25
$28.4M
$26.3M
Q1 25
$29.7M
Q4 24
$31.1M
Q3 24
$27.5M
Q2 24
$27.2M
$24.0M
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
TGEN
TGEN
ZCMD
ZCMD
Operating Cash FlowLast quarter
$-2.6M
$1.8M
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.

Operating Cash Flow
TGEN
TGEN
ZCMD
ZCMD
Q4 25
$-2.6M
Q3 25
$-3.6M
Q2 25
$-2.6M
$1.8M
Q1 25
$-1.2M
Q4 24
$4.2M
Q3 24
$-207.3K
Q2 24
$-157.9K
$809.6K
Q1 24
$248.2K
Free Cash Flow
TGEN
TGEN
ZCMD
ZCMD
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
$-1.3M
Q1 24
$143.3K
FCF Margin
TGEN
TGEN
ZCMD
ZCMD
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%
-15.4%
Q1 24
2.3%
Capex Intensity
TGEN
TGEN
ZCMD
ZCMD
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%
25.1%
Q1 24
1.7%
Cash Conversion
TGEN
TGEN
ZCMD
ZCMD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
8.99×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

TGEN
TGEN

Installation Services$4.5M84%
Products Segment$460.5K9%
Other$394.7K7%

ZCMD
ZCMD

Segment breakdown not available.

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