PyroGenesis (TSX:PYR) FCF Margin %: -38.89% (As of Mar. 2026)


TSX:PYR PyroGenesis Inc TSX:PYR
28 GF Score
Price C$0.22
GF Value C$0.47
Valuation Possible Value Trap
! 8 Warning Signs
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What is PyroGenesis FCF Margin %?

PyroGenesis TSX:PYR 28 FCF Margin % is -38.89% as of Mar. 2026. GuruFocus rates TSX:PYR with a GF Score™ of 28/100 and a GF Value™ of C$0.47 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 3,036 Industrial Products companies, PyroGenesis ranks worse than 95.06% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. PyroGenesis's Free Cash Flow for the three months ended in Mar. 2026 was C$-1.90 Mil. PyroGenesis's Revenue for the three months ended in Mar. 2026 was C$4.87 Mil. Therefore, PyroGenesis's FCF Margin % for the quarter that ended in Mar. 2026 was -38.89%.

As of today, PyroGenesis's current FCF Yield % is -20.85%.

The historical rank and industry rank for PyroGenesis's FCF Margin % or its related term are showing as below:

TSX:PYR' s FCF Margin % Range Over the Past 10 Years
Min: -100.21   Med: -63.04   Max: -9.18
Current: -69.91


During the past 13 years, the highest FCF Margin % of PyroGenesis was -9.18%. The lowest was -100.21%. And the median was -63.04%.

TSX:PYR's FCF Margin % is ranked worse than
95.06% of 3036 companies
in the Industrial Products industry
Industry Median: 1.565 vs TSX:PYR: -69.91


PyroGenesis FCF Margin % Related Terms


PyroGenesis FCF Margin % Historical Data

* Premium members only.

The historical data trend for PyroGenesis's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PyroGenesis FCF Margin % Chart

PyroGenesis Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -63.93 -62.14 -100.21 -17.42 -82.38

PyroGenesis Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -71.75 -80.02 -55.78 -119.99 -38.89

TSX:PYR vs GEV, ETN, PH: FCF Margin % Comparison

For the Specialty Industrial Machinery subindustry, PyroGenesis's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PyroGenesis FCF Margin % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, PyroGenesis's FCF Margin % distribution charts can be found below:

* The bar in red indicates where PyroGenesis's FCF Margin % falls into.


TSX:PYR
28GF Score
PyroGenesis Inc TSX:PYR
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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PyroGenesis FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

PyroGenesis's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-10.357/12.572
=-82.38 %

PyroGenesis's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-1.895/4.873
=-38.89 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of -38.89% mean?
PyroGenesis (TSX:PYR) has a FCF Margin % of -38.89% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on PyroGenesis and its competitors. According to the industry distribution chart, PyroGenesis ranks #2886 out of 3036 companies in the Industrial Products industry, placing it in the top 95.1%.
Is PyroGenesis' FCF Margin % too high?
PyroGenesis' current FCF Margin % is -38.89%. Based on the distribution chart, PyroGenesis ranks #2886 out of 3036 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, PyroGenesis has a GF Score™ of 28/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PyroGenesis' FCF Margin % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, PyroGenesis ranks #2886 out of 3036 companies for FCF Margin %. This places PyroGenesis in the lower half of its industry. The industry median FCF Margin % is 1.57. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for an Industrial Products company?
The median FCF Margin % among Industrial Products companies is 1.57, based on 3,036 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on PyroGenesis and its competitors. For the Industrial Products industry, the median FCF Margin % is 1.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PyroGenesis's current FCF Margin % is -38.89%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PyroGenesis stock overvalued right now?
Based on GuruFocus' analysis, PyroGenesis (TSX:PYR) is currently considered Possible Value Trap. The stock's GF Value™ is C$0.47, compared to a current price of C$0.22 — trading 54.3% below its estimated fair value. The current FCF Margin % is -38.89%. PyroGenesis' overall GF Score™ is 28/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For PyroGenesis (TSX:PYR), the current FCF Margin % is -38.89% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is PyroGenesis (TSX:PYR) Overvalued in 2026?

Based on GuruFocus' analysis, PyroGenesis stock appears to be undervalued. The current stock price of C$0.22 is trading 54.3% below its estimated GF Value™ of C$0.47. GuruFocus considers PyroGenesis to be Possible Value Trap.

Key valuation signals for TSX:PYR:

  • FCF Margin %: -38.89%
  • GF Value™: C$0.47 vs. price of C$0.22 (54.3% below fair value)
  • GF Score™: 28/100 with 8 warning signs

No single metric tells the full story. See the TSX:PYR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PyroGenesis Business Description

Other Exchanges PYRGF:USA8PY1:Germany
Address 1100 Rene-Levesque Boulevard West, Suite 1825, Montreal, QC, CAN, H3B 4N4
PyroGenesis Inc is engaged in the design, development, manufacturing, and commercialization of plasma-based processes and related solutions. Its technologies are applied in areas such as iron ore pelletization, aluminum processing, waste management, and additive manufacturing. The company develops proprietary plasma technologies intended to reduce greenhouse gas emissions compared to conventional industrial processes. Geographically, it derives the majority of its revenue from Canada, followed by other countries, including France, New Zealand, the United States of America, etc.
28GF Score

Get the complete analysis for TSX:PYR

FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$0.22
Price
C$0.47
GF Value