Pricing Log in Create free account
Saturday 17 October 2026 Export TGEN’s income statement to Excel — free account

Tecogen Inc.

TGEN Industrials Electrical Equipment & Parts

Tecogen Inc.’s revenue for fiscal 2025 (year ended December 2025) was $27.1 million, up 19.7% from fiscal 2024. In the quarter to June 2026, revenue fell 21.2%, EPS fell 16.7%, free cash flow grew 11.9% and total debt fell 43.2%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

2.09 0.16 −7.11%
Market cap
$67.9M
P/E
0.0×
Fwd P/E
−24.3×
Dividend yield
—
F-score
2/9
Altman Z
3.72
Beneish M
−2.36
Dividend safety
n/a
Overview Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.13
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — 6 2 — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 39.57%

Capital & Financial Ratios $m

Market Cap 67.92
Revenue 24.58
Net Income (10.38)
Free Cash Flow (11.83)
Net Debt (5.79)
Current Ratio 2.93 (at or above 1.5: strong)
Debt/Equity 0.06 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E (24.30) (negative: loss-making)
P/S ratio 2.55
P/B ratio 3.57
Past 5Y EPS Growth —
This Y EPS Growth 15.56% (at or above 15%: strong)
Next Y EPS Growth 150.00% (at or above 15%: strong)
Next Y revenue growth (4.56%) (below 0%: weak)
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.4×, against a ten-year median of 2.0×; over the ten years it ranged from 0.5× in 2020 to 9.9× in 2025.
P/S against its own 10 years 64.73%
10-year low 10-year high
P/B against its own 10 years 67.86%
10-year low 10-year high
EV/Sales against its own 10 years 58.46%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1 5 12 7
Receivables 8 6 4 4
Inventory 11 10 11 12
Other — — — —
20 22 29 24
2023 2024 2025 Q'26
Payables 5 4 3 3
ST’ Debt 1 2 — —
Other 1 1 1 1
10 17 9 8

Compound Annual Growth %

10y 5y 3y
Sales 2.36% (0.85%) 2.69%
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 5.61% 4.46% 4.18%

Revenue $m

Mar Jun Sep Dec Year
’26 6 6 — — —
’25 7 7 7 5 27
’24 6 5 6 6 23
’23 5 7 7 6 25
’22 7 6 7 5 25
’21 6 6 5 7 24
’20 8 7 7 6 28
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) (2) — — —
’25 (1) (3) (4) (3) (10)
’24 0 0 0 4 4
’23 0 0 (1) 0 (1)
’22 2 (2) 0 (1) (1)
’21 0 0 0 0 0
’20 1 2 (1) 0 1
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) (2) — — —
’25 (1) (3) (4) (3) (10)
’24 0 (1) 0 4 3
’23 0 0 (1) 0 (1)
’22 2 (3) 0 (1) (2)
’21 0 (1) 0 0 0
’20 1 2 (1) 0 1
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.07) (0.07) — — —
’25 (0.03) (0.06) (0.07) (0.13) (0.30)
’24 (0.04) (0.06) (0.04) (0.05) (0.19)
’23 (0.06) (0.03) (0.02) (0.07) (0.19)
’22 0.00 (0.03) (0.01) (0.06) (0.10)
’21 0.07 0.02 0.06 0.00 0.15
’20 (0.05) (0.03) (0.01) (0.16) (0.25)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 2.80 2.20 2.05 2.03 0.60 1.03 0.70 0.70 0.59 1.40

Analyst estimates 2026–2028

Powerpack
High 6.50 4.35 4.20 4.20 2.49 2.58 1.80 1.29 1.98 12.07
People
People Employees 86 95 97 93 81 79 86 93 92 120
Revenue/emp, $m 0.28 0.35 0.37 0.36 0.35 0.31 0.29 0.27 0.25 0.23
Income, $m
Income, $m Revenue 24 33 36 33 28 24 25 25 23 27
Gross margin, % 37.98 39.02 37.88 37.33 38.32 47.49 44.26 40.58 43.64 36.29
EBT (1) 0 (6) (5) (6) 4 (2) (4) (5) (8)
EBT margin, % (4.74) 0.29 (16.08) (14.30) (21.90) 15.41 (9.52) (17.86) (20.56) (30.39)
Net income (1) 0 (6) (5) (6) 4 (2) (5) (5) (8)
Depreciation 0 1 5 4 3 0 0 1 1 2
Per share, $
Per share, $ Revenue 1.27 1.43 1.45 1.35 1.14 0.98 1.01 1.01 0.91 0.99
Earnings (0.06) 0.00 (0.23) (0.19) (0.25) 0.15 (0.10) (0.19) (0.19) (0.30)
Cash flow (0.14) (0.03) (0.16) (0.18) 0.06 0.02 (0.05) (0.03) 0.16 (0.36)
Capex (0.01) (0.04) 0.04 0.19 (0.01) (0.01) (0.01) 0.00 (0.04) (0.01)
Free cash flow (0.15) (0.07) (0.12) 0.01 0.05 0.01 (0.07) (0.03) 0.13 (0.38)
Book value 0.75 1.45 1.13 0.94 0.69 0.85 0.76 0.59 0.41 0.79
Shares, m 19 23 25 25 25 25 25 25 25 27
Valuation, ×
Valuation, × P/E 0.00 1,190.91 0.00 0.00 0.00 7.86 0.00 0.00 0.00 0.00
P/S 3.10 1.83 2.51 1.58 1.07 1.22 1.24 0.77 1.62 4.97
P/B 5.24 1.80 3.21 2.26 1.76 1.41 1.64 1.32 3.61 6.27
EV/Sales 3.20 1.96 2.65 1.72 1.09 1.19 1.27 0.74 1.46 4.60
EV/FCF (26.35) (40.12) (32.62) 185.25 24.56 90.12 (19.62) (21.07) 10.60 (12.06)
Cash, $m
Cash, $m Operating cash flow (3) (1) (4) (4) 1 0 (1) (1) 4 (10)
Capex 0 (1) 1 5 0 0 0 0 (1) 0
Free cash flow (3) (2) (3) 0 1 0 (2) (1) 3 (10)
Balance, $m
Balance, $m Working capital 14 13 13 14 13 16 14 10 5 20
Total debt 3 — 2 2 2 — — 1 2 1
Net debt (1) (2) 2 2 0 (4) (2) (1) (4) (11)
Shareholders’ equity 15 34 28 23 17 21 19 15 10 21
Returns, %
Returns, % ROA (4.89) 0.13 (11.35) (10.35) (17.28) 11.84 (8.08) (16.41) (16.17) (24.23)
ROIC (4.47) 0.44 (11.63) (11.70) (21.10) (4.35) (8.60) (19.75) (42.97) (51.35)
ROE (8.13) 0.20 (18.49) (18.33) (30.28) 19.25 (12.20) (27.34) (38.42) (52.21)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Tecogen Inc. vs peers in Electrical Equipment & Parts (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NEOV NeoVolta, Inc. $143.4M — (loss-making) — (loss-making) −99.72% (below 0%: shrinking) n/m −1,293.55% (below 0%: shrinking) (8,440.00%) (75,445.93%) Compare
SKYX SKYX Platforms Corp. $136.8M — (loss-making) — (loss-making) +9.58% (above 0%: growing) n/m −56.37% (below 0%: shrinking) 28.86% (27.98%) Compare
ULBI Ultralife Corporation $101.8M — (loss-making) 8.0× −1.27% (below 0%: shrinking) +200.00% (above 0%: growing) −84.80% (below 0%: shrinking) 28.92% 7.17% Compare
CBAT China BAK Battery, Inc. $101.1M — (loss-making) — (loss-making) +99.26% (above 0%: growing) n/m +147.06% (above 0%: growing) 1.49% (13.93%) Compare
OESX Orion Energy Systems, Inc. $95.1M — (loss-making) 20.0× +31.51% (above 0%: growing) n/m +336.14% (above 0%: growing) 34.62% 8.20% Compare
RFIL RF Industries, Ltd. $79.4M 31.2× 50.1× +21.07% (above 0%: growing) +225.00% (above 0%: growing) +453.33% (above 0%: growing) 35.63% 7.34% Compare
TGEN Tecogen Inc. $67.9M — (loss-making) — (loss-making) −21.23% (below 0%: shrinking) n/m +11.86% (above 0%: growing) 37.83% (37.42%)
NVX NOVONIX Limited Sponsored ADR $54.4M — (loss-making) — (loss-making) +76.13% (above 0%: growing) n/m −1.34% (below 0%: shrinking) (431.26%) 0.00% Compare
STI Solidion Technology Inc. $40.9M — (loss-making) — +3,022.50% (above 0%: growing) n/m −278.65% (below 0%: shrinking) 100.00% (1,094.72%) Compare
Median of peers $98.1M — 20.0× +26.29% — −28.85% 28.89% (6.96%)

All 52 Electrical Equipment & Parts stocks →

Tecogen Inc. (TGEN) key facts

  • Strength: Tecogen Inc.’s revenue for fiscal 2025 (year ended December 2025) was $27.1 million, up 19.7% from fiscal 2024.
  • Tecogen Inc. (TGEN) is an Electrical Equipment & Parts company in the Industrials sector, listed on NYSE American.
  • As of October 16, 2026, TGEN traded at $2.09, a market capitalization of $67.9 million.
  • Return on equity was −52.2% and debt-to-equity 0.06.
  • Its Piotroski F-score is 2 out of 9 and its Altman Z-score is 3.72 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Tecogen Inc. (TGEN) Latest News

No news at this impact. Lower the threshold for more.
stockrow.com/TGEN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com