Recon Technology Ltd's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Recon Technology Ltd (RCON) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Recon Technology Ltd vs Its Competitors
- TTM: Trailing 12-month revenue of 9M vs 5,920M combined for tracked competitors (0.2% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months), vs decelerating (-3.3%) for its tracked peer group.
- Growth: Recon Technology Ltd generated 2.9% revenue growth year over year in Q4 2025, vs 10.5% for its tracked competitors combined.
- Profitability: Its -66.8% net margin compares with -60.2% for the peer group.
- Peer revenue share: Recon Technology Ltd accounted for 0.6% of combined revenue among its tracked peer group, down from 0.7% a year earlier.
- Peer differentiation: Revenue per employee of $0.05M compares with $1.56M for the peer group (0.0x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
RCON Sales vs. its Competitors, Q4 2025
Recon Technology Ltd reported revenue growth of 2.87 % year on year in Q4 2025, below its competitors' combined revenue growth of 10.51 %.
With a net margin of -66.84 %, Recon Technology Ltd reported lower profitability than its competitors (-60.24 %).
Recon Technology Ltd generated 0.63 % of the combined sales of its peer group, down from 0.68 % a year earlier.
Recon Technology Ltd vs. its Competitors, Q4 2025
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Recon Technology Ltd and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Recon Technology Ltd | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (3) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Recon Technology Ltd's competitor groups requires a Commercial License.
For context: the Oil And Gas Production industry grew revenue 3.3% year over year, combined, vs 2.9% for Recon Technology Ltd. Recon Technology Ltd's share of combined industry revenue moved from 0.00% to 0.00%, a gain of 0.00 percentage points.
Recon Technology Ltd's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Recon Technology Ltd | No | Yes | Yes | - |
| Competitors combined (6) | ||||
| Similar Growth & Profitability (8) | 0.00 % (0 of 8) | 25.00 % (2 of 8) | 25.00 % (2 of 8) | 57.10 % (4 of 7) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
RCON Stock Performance relative to its Competitors
RCON Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Flotek Industries Inc | 282.9% | Outperformed |
| 2 | Transocean ltd | 282.9% | Outperformed |
| 3 | Tidewater Inc | 282.9% | Outperformed |
| 4 | Battalion Oil Corp | 282.9% | Outperformed |
| 5 | Ideal Power Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Recon Technology Ltd's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Recon Technology Ltd's Comment on Competition and Industry Peers
We face competition from a variety of foreign and domestic companies involved in the petroleum mining automation industry. While we believe we effectively compete in our market, our competitors hold a substantial market share.
A few of our existing competitors, as well as a number of potential new competitors, have significantly greater financial, technical, marketing and other resources than we do, which could provide them with a significant competitive advantage over us. We cannot guarantee that we will be able to compete successfully against our current or future competitors in our industry or that competition will not have a material adverse effect on our business, operating results and financial condition.
Our primary domestic competitors include the following:
Beijing Echo Technologies Development Co., Ltd. (“BET”). BET provides
a combination of software and hardware products for industrial automatic control
systems in the petroleum industry. BET currently engages in research and development
of software and hardware applied to industrial automatic control systems, manufacturing
and installation of industrial automation instruments and integration of automatic
control products.
Beijing Golden-Time Petroleum Measurement Technology Co., Ltd. (“BGT”).
BGT develops analysis software used in oilfields but does not yet, to our knowledge,
produce a substantial amount of hardware products.
Anton Oilfield Services Group (HKEx stock code: 3337) is a leading independent
oilfield services provider offering one-stop oil and gas field technical development
services to oil companies. Its services and solutions span across the drilling
technology, well completion, downhole operation, and oil production phases in
the development cycle. Its fast growth benefits from the accelerated development
of natural gas in China and the Group’s increased presence in the overseas
markets.
Publicly Traded Peers of Recon Technology Ltd
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Recon Technology Ltd | 0.06 | 9.13 |
| Enlink Midstream Llc | 6,475.43 | 6,663.70 |
| Transocean ltd | 6,346.56 | 4,118.00 |
| Tidewater Inc | 4,174.08 | 1,346.42 |
| Flotek Industries Inc | 1,093.76 | 292.97 |
| Ideal Power Inc | 66.89 | 0.04 |
| SUBTOTAL | 18,204.66 | 12,593.32 |
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Sources: Recon Technology Ltd's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Recon Technology Ltd versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Recon Technology Ltd's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Enlink Midstream Llc | Louisiana Operating 52.07 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Recon Technology Ltd's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Recon Technology Ltd | 0 | 48,551 | -32,449 |
| Enlink Midstream Llc | 6,475 | 6,216,138 | 242,724 |
| Transocean ltd | 6,347 | 735,357 | -273,393 |
| Tidewater Inc | 4,174 | 1,122,017 | 204,574 |
| Flotek Industries Inc | 1,094 | 1,831,050 | 237,481 |
| Ideal Power Inc | 67 | 2,537 | -699,004 |
| PEERS TOTAL | 18,205 | 1,555,716 | -129,255 |
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Recon Technology Ltd's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Transocean ltd | US 35.61 % |
| Flotek Industries Inc | United States 97.60 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Recon Technology Ltd's Position in Industry Market Structure
Market-capitalization share and concentration across all 113 companies in Recon Technology Ltd's industry classification, broader than the peer set above. Market cap in millions of $.Recon Technology Ltd ranks #0 of 113 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 787, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Shell Plc | 291,528 | 18.98 % |
| 2 | Totalenergies Se | 218,956 | 14.25 % |
| 3 | Canadian Natural Resources Limited | 105,431 | 6.86 % |
| 4 | Eni Spa | 96,790 | 6.30 % |
| 5 | Slb Limited | 1,234 | 5.2% |
| 6 | Eog Resources Inc | 1,234 | 5.2% |
| 7 | Occidental Petroleum Corporation | 1,234 | 5.2% |
| 8 | Cenovus Energy Inc | 1,234 | 5.2% |
| 9 | Diamondback Energy Inc | 1,234 | 5.2% |
| 10 | Devon Energy Corp | 1,234 | 5.2% |
| 0 | Recon Technology Ltd | 13 | 0.00 % |
Market cap and industry share for the rest of Recon Technology Ltd's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Recon Technology Ltd's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Oil And Gas Production industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (165 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 23.31 % | 57.30 % (avg) | -34.0 pp |
| Operating Margin | -87.66 % | industry median | -97.1 pp |
| EBITDA Margin | -62.02 % | 11.81 % (avg) | -73.8 pp |
| Capital Intensity (Capex / Revenue) | 15.19 % | 24.95 % (avg) | -9.8 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Recon Technology Ltd's Valuation vs Competitive Position
Valuation multiples vs the Oil And Gas Production industry average (165 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 15.8x | - |
| EV / EBITDA | - | 8.9x | - |
| P/B | 0.0x | 1.8x | -1.8x |
| Return on Equity | -9.46 % | industry aggregate | -20.33 % |
| Return on Invested Capital | -6.22 % | 5.38 % (avg) | -11.60 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Recon Technology Ltd's Strategic Group Map
Every company in Recon Technology Ltd's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Recon Technology Ltd is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Recon Technology Ltd's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 787 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 15.19 % vs industry average 24.95 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Recon Technology Ltd's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Recon Technology Ltd's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Recon Technology Ltd's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Recon Technology Ltd falls in the Low attractiveness / Low strength cell: Harvest / Divest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Recon Technology Ltd's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months).
Weaknesses
- Operating margin 97.1 points below the industry median.
- Return on equity 20.3 points below the industry aggregate.
- Underperforming the U.S.A. 500 over the trailing 12 months.
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-3.3% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Recon Technology Ltd's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Recon Technology Ltd | 1.66 | 5.88 | 0.02 |
| Enlink Midstream Llc | 0.01 | 0.63 | 1.57 |
| Transocean ltd | 0.62 | 1.38 | 0.84 |
| Tidewater Inc | 1.92 | 3.16 | 0.50 |
| Flotek Industries Inc | 0.07 | 1.79 | 0.39 |
| Ideal Power Inc | 14.89 | 15.17 | - |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Recon Technology Ltd's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Recon Technology Ltd | Q2 2025 | +2.9 % | - |
| Enlink Midstream Llc | Q3 2024 | -7.9 % | -34.5 % |
| Transocean ltd | Q2 2026 | -2.2 % | - |
| Tidewater Inc | Q2 2026 | +0.3 % | -71.0 % |
| Flotek Industries Inc | Q2 2026 | +70.3 % | +463.0 % |
| Ideal Power Inc | Q2 2026 | +354.9 % | - |
| PEERS TOTAL | -3.5 % | - |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Recon Technology Ltd's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Recon Technology Ltd | Q2 2025 | +5.4 % | +4,031.3 % |
| Enlink Midstream Llc | Q3 2024 | -14.2 % | -29.5 % |
| Transocean ltd | Q2 2026 | +1.5 % | +0.0 % |
| Tidewater Inc | Q2 2026 | +8.0 % | +185.6 % |
| Flotek Industries Inc | Q2 2026 | +74.3 % | - |
| Ideal Power Inc | Q2 2026 | +15.3 % | +121.9 % |
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Recon Technology Ltd's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Recon Technology Ltd | - | - | - |
| Enlink Midstream Llc | 3.20% | 3.88% | 8.78% |
| Transocean ltd | - | - | - |
| Tidewater Inc | 10.65% | 12.38% | 18.68% |
| Flotek Industries Inc | 16.30% | 23.32% | 32.27% |
| Ideal Power Inc | - | - | - |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Recon Technology Ltd's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Recon Technology Ltd | - | 0.01 |
| Enlink Midstream Llc | 67.55 | 0.97 |
| Transocean ltd | - | 1.54 |
| Tidewater Inc | 17.03 | 3.10 |
| Flotek Industries Inc | 28.72 | 3.73 |
| Ideal Power Inc | - | 1,550.70 |
| PEERS AVERAGE | - | 1.45 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.