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Side-by-side financial comparison of A2Z CUST2MATE SOLUTIONS CORP. (AZ) and PAVmed Inc. (PAVM). Click either name above to swap in a different company.

A2Z CUST2MATE SOLUTIONS CORP. is the larger business by last-quarter revenue ($1.5M vs $996.0K, roughly 1.6× PAVmed Inc.). PAVmed Inc. runs the higher net margin — 6465.8% vs -90.4%, a 6556.2% gap on every dollar of revenue. On growth, PAVmed Inc. posted the faster year-over-year revenue change (25.9% vs -1.6%).

PAVmed Inc. is a commercial-stage medical technology company that designs, develops and commercializes innovative diagnostic and therapeutic medical products. Its portfolio covers point-of-care diagnostics, interventional oncology and gastroenterology solutions, primarily serving healthcare providers and patients across the United States.

AZ vs PAVM — Head-to-Head

Bigger by revenue
AZ
AZ
1.6× larger
AZ
$1.5M
$996.0K
PAVM
Growing faster (revenue YoY)
PAVM
PAVM
+27.5% gap
PAVM
25.9%
-1.6%
AZ
Higher net margin
PAVM
PAVM
6556.2% more per $
PAVM
6465.8%
-90.4%
AZ

Income Statement — Q3 FY2025 vs Q3 FY2024

Metric
AZ
AZ
PAVM
PAVM
Revenue
$1.5M
$996.0K
Net Profit
$-1.4M
$64.4M
Gross Margin
34.0%
-38.7%
Operating Margin
-265.9%
-1162.4%
Net Margin
-90.4%
6465.8%
Revenue YoY
-1.6%
25.9%
Net Profit YoY
60.4%
464.4%
EPS (diluted)
$1.44

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
AZ
AZ
PAVM
PAVM
Q3 25
$1.5M
Q2 25
$1.2M
Q1 25
$2.0M
Q3 24
$1.6M
$996.0K
Q2 24
$1.1M
$979.0K
Q1 24
$1.0M
Q4 23
$1.0M
Q3 23
$791.0K
Net Profit
AZ
AZ
PAVM
PAVM
Q3 25
$-1.4M
Q2 25
$-12.6M
Q1 25
$-6.8M
Q3 24
$-3.5M
$64.4M
Q2 24
$-3.2M
$-10.8M
Q1 24
$-15.2M
Q4 23
$-14.0M
Q3 23
$-17.7M
Gross Margin
AZ
AZ
PAVM
PAVM
Q3 25
34.0%
Q2 25
23.3%
Q1 25
31.7%
Q3 24
43.9%
-38.7%
Q2 24
7.4%
-70.2%
Q1 24
-72.7%
Q4 23
-53.5%
Q3 23
-124.9%
Operating Margin
AZ
AZ
PAVM
PAVM
Q3 25
-265.9%
Q2 25
-585.9%
Q1 25
-381.4%
Q3 24
-167.0%
-1162.4%
Q2 24
-272.1%
-1397.8%
Q1 24
-1389.7%
Q4 23
-1561.7%
Q3 23
-1963.1%
Net Margin
AZ
AZ
PAVM
PAVM
Q3 25
-90.4%
Q2 25
-1085.4%
Q1 25
-342.1%
Q3 24
-224.7%
6465.8%
Q2 24
-277.4%
-1105.9%
Q1 24
-1506.1%
Q4 23
-1338.0%
Q3 23
-2234.0%
EPS (diluted)
AZ
AZ
PAVM
PAVM
Q3 25
Q2 25
Q1 25
$-0.19
Q3 24
$-0.15
$1.44
Q2 24
$-0.05
$-1.19
Q1 24
$-2.62
Q4 23
$-1.90
Q3 23
$-2.38

Balance Sheet & Financial Strength

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

Metric
AZ
AZ
PAVM
PAVM
Cash + ST InvestmentsLiquidity on hand
$43.2M
$765.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$71.3M
$-4.9M
Total Assets
$81.9M
$30.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AZ
AZ
PAVM
PAVM
Q3 25
$43.2M
Q2 25
$28.5M
Q1 25
$24.2M
Q3 24
$3.4M
$765.0K
Q2 24
$653.0K
$25.5M
Q1 24
$25.5M
Q4 23
$19.6M
Q3 23
$26.4M
Stockholders' Equity
AZ
AZ
PAVM
PAVM
Q3 25
$71.3M
Q2 25
$31.5M
Q1 25
$31.3M
Q3 24
$-504.0K
$-4.9M
Q2 24
$-340.0K
$-73.9M
Q1 24
$-68.8M
Q4 23
$-53.8M
Q3 23
$-43.3M
Total Assets
AZ
AZ
PAVM
PAVM
Q3 25
$81.9M
Q2 25
$46.1M
Q1 25
$42.2M
Q3 24
$10.2M
$30.6M
Q2 24
$7.2M
$39.4M
Q1 24
$37.3M
Q4 23
$33.1M
Q3 23
$42.0M

Cash Flow & Capital Efficiency

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

Metric
AZ
AZ
PAVM
PAVM
Operating Cash FlowLast quarter
$-4.0M
$-8.9M
Free Cash FlowOCF − Capex
$-8.9M
FCF MarginFCF / Revenue
-892.5%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
-0.14×
TTM Free Cash FlowTrailing 4 quarters
$-45.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AZ
AZ
PAVM
PAVM
Q3 25
$-4.0M
Q2 25
$-5.9M
Q1 25
$-3.8M
Q3 24
$-658.0K
$-8.9M
Q2 24
$-3.7M
$-11.7M
Q1 24
$-13.1M
Q4 23
$-11.9M
Q3 23
$-11.1M
Free Cash Flow
AZ
AZ
PAVM
PAVM
Q3 25
Q2 25
Q1 25
Q3 24
$-8.9M
Q2 24
$-11.7M
Q1 24
$-13.2M
Q4 23
$-12.1M
Q3 23
$-11.1M
FCF Margin
AZ
AZ
PAVM
PAVM
Q3 25
Q2 25
Q1 25
Q3 24
-892.5%
Q2 24
-1190.9%
Q1 24
-1302.1%
Q4 23
-1149.4%
Q3 23
-1404.2%
Capex Intensity
AZ
AZ
PAVM
PAVM
Q3 25
Q2 25
Q1 25
Q3 24
0.6%
Q2 24
0.3%
Q1 24
4.2%
Q4 23
17.4%
Q3 23
2.3%
Cash Conversion
AZ
AZ
PAVM
PAVM
Q3 25
Q2 25
Q1 25
Q3 24
-0.14×
Q2 24
Q1 24
Q4 23
Q3 23

Financial Flow Comparison

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

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