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Side-by-side financial comparison of Ambow Education Holding Ltd. (AMBO) and Pulmatrix, Inc. (PULM). Click either name above to swap in a different company.

Ambow Education Holding Ltd. is the larger business by last-quarter revenue ($2.8M vs $1.6M, roughly 1.8× Pulmatrix, Inc.). Ambow Education Holding Ltd. runs the higher net margin — 64.2% vs -374.4%, a 438.6% gap on every dollar of revenue. On growth, Ambow Education Holding Ltd. posted the faster year-over-year revenue change (15.3% vs -15.8%).

Ambow Education Holding Ltd. is a China-focused education service provider that offers personalized learning solutions, professional career training programs, and K-12 after-school tutoring services. It partners with educational institutions and enterprises to deliver technology-integrated learning resources for learners of all age groups across mainland China.

Pulmatrix, Inc. is a clinical-stage biopharmaceutical firm specializing in developing innovative inhaled therapies for severe respiratory diseases including chronic obstructive pulmonary disease, cystic fibrosis and idiopathic pulmonary fibrosis. It uses its proprietary dry powder platform to improve inhaled medication efficacy and safety, advancing its product candidate pipeline via partnerships with global pharmaceutical players.

AMBO vs PULM — Head-to-Head

Bigger by revenue
AMBO
AMBO
1.8× larger
AMBO
$2.8M
$1.6M
PULM
Growing faster (revenue YoY)
AMBO
AMBO
+31.1% gap
AMBO
15.3%
-15.8%
PULM
Higher net margin
AMBO
AMBO
438.6% more per $
AMBO
64.2%
-374.4%
PULM

Income Statement — Q2 FY2025 vs Q2 FY2024

Metric
AMBO
AMBO
PULM
PULM
Revenue
$2.8M
$1.6M
Net Profit
$1.8M
$-5.8M
Gross Margin
53.3%
Operating Margin
11.9%
-380.2%
Net Margin
64.2%
-374.4%
Revenue YoY
15.3%
-15.8%
Net Profit YoY
1343.1%
-52.3%
EPS (diluted)
$0.03
$-1.59

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMBO
AMBO
PULM
PULM
Q2 25
$2.8M
Q2 24
$2.4M
$1.6M
Q1 24
$5.9M
Q4 23
$2.2M
Q3 23
$1.8M
Q2 23
$2.7M
$1.8M
Q1 23
$1.5M
Q4 22
$1.7M
Net Profit
AMBO
AMBO
PULM
PULM
Q2 25
$1.8M
Q2 24
$123.0K
$-5.8M
Q1 24
$825.0K
Q4 23
$-2.1M
Q3 23
$-3.8M
Q2 23
$-1.0M
$-3.8M
Q1 23
$-4.4M
Q4 22
$-4.2M
Gross Margin
AMBO
AMBO
PULM
PULM
Q2 25
53.3%
Q2 24
55.6%
Q1 24
Q4 23
Q3 23
Q2 23
44.7%
Q1 23
Q4 22
Operating Margin
AMBO
AMBO
PULM
PULM
Q2 25
11.9%
Q2 24
2.7%
-380.2%
Q1 24
12.7%
Q4 23
-101.0%
Q3 23
-224.7%
Q2 23
-27.7%
-216.4%
Q1 23
-305.9%
Q4 22
-253.2%
Net Margin
AMBO
AMBO
PULM
PULM
Q2 25
64.2%
Q2 24
5.1%
-374.4%
Q1 24
14.0%
Q4 23
-94.6%
Q3 23
-215.3%
Q2 23
-36.7%
-206.9%
Q1 23
-296.7%
Q4 22
-246.8%
EPS (diluted)
AMBO
AMBO
PULM
PULM
Q2 25
$0.03
Q2 24
$0.00
$-1.59
Q1 24
$0.23
Q4 23
$-0.58
Q3 23
$-1.03
Q2 23
$-0.02
$-1.04
Q1 23
$-1.22
Q4 22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMBO
AMBO
PULM
PULM
Cash + ST InvestmentsLiquidity on hand
$4.1M
$12.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$8.6M
$13.3M
Total Assets
$23.2M
$15.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMBO
AMBO
PULM
PULM
Q2 25
$4.1M
Q2 24
$1.6M
$12.4M
Q1 24
$16.3M
Q4 23
$19.2M
Q3 23
$21.3M
Q2 23
$6.9M
$25.8M
Q1 23
$30.8M
Q4 22
$35.6M
Stockholders' Equity
AMBO
AMBO
PULM
PULM
Q2 25
$8.6M
Q2 24
$6.6M
$13.3M
Q1 24
$19.0M
Q4 23
$18.0M
Q3 23
$19.9M
Q2 23
$7.4M
$23.4M
Q1 23
$27.0M
Q4 22
$31.1M
Total Assets
AMBO
AMBO
PULM
PULM
Q2 25
$23.2M
Q2 24
$17.6M
$15.8M
Q1 24
$30.4M
Q4 23
$34.0M
Q3 23
$36.8M
Q2 23
$28.8M
$31.4M
Q1 23
$36.1M
Q4 22
$41.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMBO
AMBO
PULM
PULM
Operating Cash FlowLast quarter
$-3.7M
Free Cash FlowOCF − Capex
$-3.9M
FCF MarginFCF / Revenue
-252.6%
Capex IntensityCapex / Revenue
15.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMBO
AMBO
PULM
PULM
Q2 25
Q2 24
$-3.7M
Q1 24
$-2.7M
Q4 23
$-2.0M
Q3 23
$-4.1M
Q2 23
$-4.9M
Q1 23
$-4.9M
Q4 22
$-5.0M
Free Cash Flow
AMBO
AMBO
PULM
PULM
Q2 25
Q2 24
$-3.9M
Q1 24
$-2.9M
Q4 23
Q3 23
$-4.5M
Q2 23
Q1 23
Q4 22
$-5.1M
FCF Margin
AMBO
AMBO
PULM
PULM
Q2 25
Q2 24
-252.6%
Q1 24
-48.8%
Q4 23
Q3 23
-254.1%
Q2 23
Q1 23
Q4 22
-296.0%
Capex Intensity
AMBO
AMBO
PULM
PULM
Q2 25
Q2 24
15.7%
Q1 24
2.6%
Q4 23
Q3 23
17.9%
Q2 23
Q1 23
Q4 22
0.5%
Cash Conversion
AMBO
AMBO
PULM
PULM
Q2 25
Q2 24
Q1 24
-3.30×
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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