TGENNYSEAir-Cond & Warm Air Heatg Equip & Comm & Indl Refrig EquipFiscal year ends December 31
TECOGEN INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$2.12+0.03 (+1.44%)
Close on Oct 19, 2026
- Market cap
- $63.60M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
36.3%−2.0 pts over 5 years
Operating margin
-30.5%−9.4 pts over 5 years
Net margin
-30.5%−8.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +19.7% | +2.7% | -0.9% | +2.4% | |
| Gross profit | -0.5% | -3.9% | -1.9% | +2.6% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -8.0% | -30.3% | -51.8% | |
| Return on assets | -4.9% | -17.3% | -24.2% | |
| Current ratio | 3.57 | 2.42 | 3.12 | |
| Debt to equity | – | 0.06 | – | |
| Net debt to EBITDA | – | 0.08× | – | |
| Interest coverage | -5.7× | -47.4× | -54.9× | |
| Inventory turnover | 2.9× | 2.6× | 1.7× | |
| Capex to revenue | 0.6% | 0.2% | 1.5% | |
| Diluted shares | 19M | 25M | 27M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Tecogen generated $16.61M from operations and spent $1.82M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$16.61M
Used
$1.82M
Capital expenditure$1.82M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-30.5%
×Asset turnover0.80×
×Equity multiplier2.14×
=Return on equity, FY2025-51.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -30.5% | 0.80× | 2.14× | -51.8% |
| FY2024 | -21.0% | 0.77× | 2.36× | -38.1% |
| FY2023 | -18.3% | 0.90× | 1.66× | -27.2% |
| FY2022 | -9.8% | 0.82× | 1.50× | -12.1% |
| FY2021 | 15.1% | 0.78× | 1.62× | 19.2% |
| FY2020 | -21.8% | 0.79× | 1.75× | -30.3% |
| FY2019 | -14.1% | 0.73× | 1.78× | -18.4% |
| FY2018 | -15.9% | 0.71× | 1.65× | -18.7% |
| FY2017 | 0.1% | 0.89× | 1.56× | 0.2% |
| FY2016 | -4.5% | 1.09× | 1.64× | -8.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$8.25M
- Cash generatingOperating cash flow above zero-$9.91M
- Return on assets improvedROA up on the prior year-17.1% → -26.5%
- Earnings backed by cashOperating cash flow above net income-$9.91M vs -$8.25M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.32 → 3.12
- No dilutionShare count did not rise25M → 27M
- Gross margin improvedGross margin up on the prior year43.64% → 36.29%
- More efficientAsset turnover rose0.81 → 0.87