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Side-by-side financial comparison of Cingulate Inc. (CING) and Medicus Pharma Ltd. (MDCX). Click either name above to swap in a different company.

Cingulate Inc. runs the higher net margin — 3639.3% vs -180917.3%, a 184556.6% gap on every dollar of revenue. On growth, Medicus Pharma Ltd. posted the faster year-over-year revenue change (-79.2% vs -3815.6%).

Cingulate Inc. is a clinical-stage biopharmaceutical company dedicated to developing innovative therapies for central nervous system disorders, including attention-deficit/hyperactivity disorder, anxiety and depression. It primarily operates in the U.S. market, focusing on advancing its proprietary precision drug delivery platform to improve patient outcomes across psychiatric and neurological care segments.

CING vs MDCX — Head-to-Head

Bigger by revenue
MDCX
MDCX
-0.1× larger
MDCX
$11.6K
$-136.9K
CING
Growing faster (revenue YoY)
MDCX
MDCX
+3736.5% gap
MDCX
-79.2%
-3815.6%
CING
Higher net margin
CING
CING
184556.6% more per $
CING
3639.3%
-180917.3%
MDCX

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
CING
CING
MDCX
MDCX
Revenue
$-136.9K
$11.6K
Net Profit
$-5.0M
$-20.9M
Gross Margin
Operating Margin
3395.9%
-0.1%
Net Margin
3639.3%
-180917.3%
Revenue YoY
-3815.6%
-79.2%
Net Profit YoY
-54.3%
-818.7%
EPS (diluted)
$-1.09
$-1.12

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
CING
CING
MDCX
MDCX
Q3 25
$11.6K
Q2 25
$-136.9K
$40.0K
Q1 25
$-96.8K
Q3 24
$55.5K
Q2 24
$-3.5K
Q1 24
$-24.3K
Net Profit
CING
CING
MDCX
MDCX
Q3 25
$-20.9M
Q2 25
$-5.0M
$-6.2M
Q1 25
$-3.9M
Q3 24
$-2.3M
Q2 24
$-3.2M
Q1 24
$-3.0M
Operating Margin
CING
CING
MDCX
MDCX
Q3 25
-0.1%
Q2 25
3395.9%
-15038.7%
Q1 25
3829.2%
Q3 24
-4204.8%
Q2 24
91683.7%
Q1 24
12152.6%
Net Margin
CING
CING
MDCX
MDCX
Q3 25
-180917.3%
Q2 25
3639.3%
-15438.7%
Q1 25
3980.7%
Q3 24
-4104.8%
Q2 24
92375.9%
Q1 24
12252.6%
EPS (diluted)
CING
CING
MDCX
MDCX
Q3 25
$-1.12
Q2 25
$-1.09
$-0.43
Q1 25
$-1.04
Q3 24
$-0.24
Q2 24
$-5.47
Q1 24
$-7.21

Balance Sheet & Financial Strength

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

Metric
CING
CING
MDCX
MDCX
Cash + ST InvestmentsLiquidity on hand
$8.9M
$8.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.5M
$-910.1K
Total Assets
$13.5M
$10.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CING
CING
MDCX
MDCX
Q3 25
$8.7M
Q2 25
$8.9M
$9.7M
Q1 25
$9.5M
Q3 24
Q2 24
$380.9K
Q1 24
$1.1M
Stockholders' Equity
CING
CING
MDCX
MDCX
Q3 25
$-910.1K
Q2 25
$5.5M
$3.2M
Q1 25
$5.9M
Q3 24
$4.8M
Q2 24
$3.1M
Q1 24
$3.2M
Total Assets
CING
CING
MDCX
MDCX
Q3 25
$10.0M
Q2 25
$13.5M
$11.9M
Q1 25
$12.5M
Q3 24
Q2 24
$5.1M
Q1 24
$5.5M

Cash Flow & Capital Efficiency

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

Metric
CING
CING
MDCX
MDCX
Operating Cash FlowLast quarter
$-4.8M
$-6.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CING
CING
MDCX
MDCX
Q3 25
$-6.8M
Q2 25
$-4.8M
$-5.5M
Q1 25
$-4.6M
Q3 24
Q2 24
$-1.7M
Q1 24
$-8.7M
Free Cash Flow
CING
CING
MDCX
MDCX
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
$-1.8M
Q1 24
$-8.8M
FCF Margin
CING
CING
MDCX
MDCX
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
51892.1%
Q1 24
36388.6%
Capex Intensity
CING
CING
MDCX
MDCX
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
-2076.8%
Q1 24
-336.0%

Financial Flow Comparison

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

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