COMP <GO>
TC vs HGBL // GROSS PROFIT MARGIN
Token Cat Limited (NASDAQ) VS. Heritage Global Inc. (NASDAQ) • 15-METRIC TALLY: TC 1
— HGBL 7
■ METRIC PARITY
LAST: $1.01 (-9.01%) • MKT CAP: $29.3M
gross-margins
—
LAST: $1.25 (-0.79%) • MKT CAP: $43.6M
gross-margins
27.40%
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (TC VS. HGBL)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | TC | HGBL | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin ACTIVE | — | 27.40% | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -20.60% | 9.70% | -30.30 | HGBL | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | — | -5.35% | — | TIE | /fcf-yield <GO> |
| Operating Margin | -60.00% | 11.20% | -71.20 | HGBL | /operating-margins <GO> |
| Net Profit Margin | 38.10% | 7.00% | +31.10 | TC | /net-margins <GO> |
| Revenue Growth (YoY) | -65.00% | 12.40% | -77.40 | HGBL | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | 0.20 | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 3/9 | 6/9 | -3.00 | HGBL | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 31.5 | 46.2 | -14.70 | HGBL | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 84.4x | 10.2x | +74.20 | HGBL | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $29.3M | $43.6M | -$14.3M | HGBL | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | TC REV | HGBL REV | TC GROSS % | HGBL GROSS % | TC FCF | HGBL FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $847.0K | $51.0M | 2.8% | 27.4% | -$25.2M | -$2.3M |
| FY 2024 | $6.7M | $45.4M | 68.3% | — | -$4.8M | $7.6M |
| FY 2023 | $22.9M | $60.5M | — | — | -$10.6M | $13.0M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
TC // BETA —
HGBL // BETA —