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Side-by-side financial comparison of Ivanhoe Electric Inc. (IE) and PAVmed Inc. (PAVM). Click either name above to swap in a different company.

PAVmed Inc. is the larger business by last-quarter revenue ($996.0K vs $896.0K, roughly 1.1× Ivanhoe Electric Inc.). PAVmed Inc. runs the higher net margin — 6465.8% vs -4500.4%, a 10966.2% gap on every dollar of revenue. On growth, PAVmed Inc. posted the faster year-over-year revenue change (25.9% vs -32.7%). PAVmed Inc. produced more free cash flow last quarter ($-8.9M vs $-25.7M).

Ivanhoe Electric Inc. is a critical minerals exploration and development firm focused on metals for global electrification. It targets high-grade copper, gold, silver and strategic deposits, with primary North American operations, supplying raw materials to renewable energy, EV and power grid infrastructure supply chains worldwide.

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.

IE vs PAVM — Head-to-Head

Bigger by revenue
PAVM
PAVM
1.1× larger
PAVM
$996.0K
$896.0K
IE
Growing faster (revenue YoY)
PAVM
PAVM
+58.6% gap
PAVM
25.9%
-32.7%
IE
Higher net margin
PAVM
PAVM
10966.2% more per $
PAVM
6465.8%
-4500.4%
IE
More free cash flow
PAVM
PAVM
$16.9M more FCF
PAVM
$-8.9M
$-25.7M
IE

Income Statement — Q4 FY2025 vs Q3 FY2024

Metric
IE
IE
PAVM
PAVM
Revenue
$896.0K
$996.0K
Net Profit
$-40.3M
$64.4M
Gross Margin
69.5%
-38.7%
Operating Margin
-4167.7%
-1162.4%
Net Margin
-4500.4%
6465.8%
Revenue YoY
-32.7%
25.9%
Net Profit YoY
-318.3%
464.4%
EPS (diluted)
$0.24
$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
IE
IE
PAVM
PAVM
Q4 25
$896.0K
Q3 25
$545.0K
Q2 25
$1.1M
Q1 25
$735.0K
Q4 24
$1.3M
Q3 24
$671.0K
$996.0K
Q2 24
$538.0K
$979.0K
Q1 24
$360.0K
$1.0M
Net Profit
IE
IE
PAVM
PAVM
Q4 25
$-40.3M
Q3 25
$-17.5M
Q2 25
$-23.9M
Q1 25
$-34.1M
Q4 24
$18.5M
Q3 24
$-43.2M
$64.4M
Q2 24
$-46.8M
$-10.8M
Q1 24
$-60.1M
$-15.2M
Gross Margin
IE
IE
PAVM
PAVM
Q4 25
69.5%
Q3 25
51.2%
Q2 25
72.5%
Q1 25
60.1%
Q4 24
64.7%
Q3 24
61.8%
-38.7%
Q2 24
64.3%
-70.2%
Q1 24
72.2%
-72.7%
Operating Margin
IE
IE
PAVM
PAVM
Q4 25
-4167.7%
Q3 25
-4328.3%
Q2 25
-2400.3%
Q1 25
-3674.0%
Q4 24
-2229.4%
Q3 24
-6233.8%
-1162.4%
Q2 24
-9023.4%
-1397.8%
Q1 24
-15800.3%
-1389.7%
Net Margin
IE
IE
PAVM
PAVM
Q4 25
-4500.4%
Q3 25
-3214.9%
Q2 25
-2233.2%
Q1 25
-4645.0%
Q4 24
1386.6%
Q3 24
-6443.5%
6465.8%
Q2 24
-8695.7%
-1105.9%
Q1 24
-16693.1%
-1506.1%
EPS (diluted)
IE
IE
PAVM
PAVM
Q4 25
$0.24
Q3 25
$0.13
Q2 25
$0.18
Q1 25
$0.24
Q4 24
$-0.14
Q3 24
$0.36
$1.44
Q2 24
$0.39
$-1.19
Q1 24
$0.46
$-2.62

Balance Sheet & Financial Strength

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

Metric
IE
IE
PAVM
PAVM
Cash + ST InvestmentsLiquidity on hand
$173.3M
$765.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$416.1M
$-4.9M
Total Assets
$483.3M
$30.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IE
IE
PAVM
PAVM
Q4 25
$173.3M
Q3 25
$69.5M
Q2 25
$88.0M
Q1 25
$98.2M
Q4 24
$41.0M
Q3 24
$81.1M
$765.0K
Q2 24
$133.8M
$25.5M
Q1 24
$179.4M
$25.5M
Stockholders' Equity
IE
IE
PAVM
PAVM
Q4 25
$416.1M
Q3 25
$280.1M
Q2 25
$293.3M
Q1 25
$307.0M
Q4 24
$268.6M
Q3 24
$250.1M
$-4.9M
Q2 24
$289.2M
$-73.9M
Q1 24
$331.5M
$-68.8M
Total Assets
IE
IE
PAVM
PAVM
Q4 25
$483.3M
Q3 25
$386.2M
Q2 25
$400.5M
Q1 25
$414.4M
Q4 24
$374.9M
Q3 24
$375.4M
$30.6M
Q2 24
$416.3M
$39.4M
Q1 24
$461.2M
$37.3M

Cash Flow & Capital Efficiency

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

Metric
IE
IE
PAVM
PAVM
Operating Cash FlowLast quarter
$-25.7M
$-8.9M
Free Cash FlowOCF − Capex
$-25.7M
$-8.9M
FCF MarginFCF / Revenue
-2872.8%
-892.5%
Capex IntensityCapex / Revenue
4.1%
0.6%
Cash ConversionOCF / Net Profit
-0.14×
TTM Free Cash FlowTrailing 4 quarters
$-90.6M
$-45.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IE
IE
PAVM
PAVM
Q4 25
$-25.7M
Q3 25
$-27.7M
Q2 25
$-20.0M
Q1 25
$-15.8M
Q4 24
$-30.7M
Q3 24
$-36.9M
$-8.9M
Q2 24
$-44.5M
$-11.7M
Q1 24
$-50.0M
$-13.1M
Free Cash Flow
IE
IE
PAVM
PAVM
Q4 25
$-25.7M
Q3 25
$-27.8M
Q2 25
$-21.3M
Q1 25
$-15.8M
Q4 24
$-32.4M
Q3 24
$-36.9M
$-8.9M
Q2 24
$-45.0M
$-11.7M
Q1 24
$-50.6M
$-13.2M
FCF Margin
IE
IE
PAVM
PAVM
Q4 25
-2872.8%
Q3 25
-5103.9%
Q2 25
-1990.1%
Q1 25
-2146.5%
Q4 24
-2432.4%
Q3 24
-5506.6%
-892.5%
Q2 24
-8372.9%
-1190.9%
Q1 24
-14064.2%
-1302.1%
Capex Intensity
IE
IE
PAVM
PAVM
Q4 25
4.1%
Q3 25
16.9%
Q2 25
117.6%
Q1 25
0.3%
Q4 24
127.3%
Q3 24
8.8%
0.6%
Q2 24
93.7%
0.3%
Q1 24
186.7%
4.2%
Cash Conversion
IE
IE
PAVM
PAVM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-1.66×
Q3 24
-0.14×
Q2 24
Q1 24

Financial Flow Comparison

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

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