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Side-by-side financial comparison of Liquidia Corp (LQDA) and Proficient Auto Logistics, Inc (PAL). Click either name above to swap in a different company.

Liquidia Corp is the larger business by last-quarter revenue ($92.0M vs $91.5M, roughly 1.0× Proficient Auto Logistics, Inc). Liquidia Corp runs the higher net margin — 15.8% vs -1.5%, a 17.3% gap on every dollar of revenue.

Liquidia Corp is a late-stage biopharmaceutical firm focused on developing and commercializing innovative inhaled therapies for respiratory and rare diseases. It uses its proprietary PRINT particle engineering tech to create optimized drug products, with core markets in North America covering pulmonary arterial hypertension and asthma indications.

Proficient Auto Logistics, Inc. is a specialized automotive sector logistics provider. It offers tailored solutions including finished vehicle transport, auto parts storage and distribution, and supply chain support for automotive industry stakeholders, prioritizing reliable, efficient service delivery.

LQDA vs PAL — Head-to-Head

Bigger by revenue
LQDA
LQDA
1.0× larger
LQDA
$92.0M
$91.5M
PAL
Higher net margin
LQDA
LQDA
17.3% more per $
LQDA
15.8%
-1.5%
PAL

Income Statement — Q4 FY2025 vs Q3 FY2024

Metric
LQDA
LQDA
PAL
PAL
Revenue
$92.0M
$91.5M
Net Profit
$14.6M
$-1.4M
Gross Margin
Operating Margin
21.5%
-2.4%
Net Margin
15.8%
-1.5%
Revenue YoY
3054.6%
Net Profit YoY
137.9%
EPS (diluted)
$0.18
$-0.05

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
LQDA
LQDA
PAL
PAL
Q4 25
$92.0M
Q3 25
$54.3M
Q3 24
$91.5M
Net Profit
LQDA
LQDA
PAL
PAL
Q4 25
$14.6M
Q3 25
$-3.5M
Q3 24
$-1.4M
Operating Margin
LQDA
LQDA
PAL
PAL
Q4 25
21.5%
Q3 25
3.3%
Q3 24
-2.4%
Net Margin
LQDA
LQDA
PAL
PAL
Q4 25
15.8%
Q3 25
-6.5%
Q3 24
-1.5%
EPS (diluted)
LQDA
LQDA
PAL
PAL
Q4 25
$0.18
Q3 25
$-0.04
Q3 24
$-0.05

Balance Sheet & Financial Strength

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

Metric
LQDA
LQDA
PAL
PAL
Cash + ST InvestmentsLiquidity on hand
$190.7M
$16.8M
Total DebtLower is stronger
$64.0M
Stockholders' EquityBook value
$44.7M
$338.5M
Total Assets
$327.9M
$498.2M
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LQDA
LQDA
PAL
PAL
Q4 25
$190.7M
Q3 25
$157.5M
Q3 24
$16.8M
Total Debt
LQDA
LQDA
PAL
PAL
Q4 25
Q3 25
Q3 24
$64.0M
Stockholders' Equity
LQDA
LQDA
PAL
PAL
Q4 25
$44.7M
Q3 25
$22.1M
Q3 24
$338.5M
Total Assets
LQDA
LQDA
PAL
PAL
Q4 25
$327.9M
Q3 25
$276.0M
Q3 24
$498.2M
Debt / Equity
LQDA
LQDA
PAL
PAL
Q4 25
Q3 25
Q3 24
0.19×

Cash Flow & Capital Efficiency

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

Metric
LQDA
LQDA
PAL
PAL
Operating Cash FlowLast quarter
$44.2M
Free Cash FlowOCF − Capex
$42.2M
FCF MarginFCF / Revenue
45.9%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
3.04×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LQDA
LQDA
PAL
PAL
Q4 25
$44.2M
Q3 25
$-9.8M
Q3 24
Free Cash Flow
LQDA
LQDA
PAL
PAL
Q4 25
$42.2M
Q3 25
$-10.7M
Q3 24
FCF Margin
LQDA
LQDA
PAL
PAL
Q4 25
45.9%
Q3 25
-19.7%
Q3 24
Capex Intensity
LQDA
LQDA
PAL
PAL
Q4 25
2.2%
Q3 25
1.7%
Q3 24
Cash Conversion
LQDA
LQDA
PAL
PAL
Q4 25
3.04×
Q3 25
Q3 24

Financial Flow Comparison

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

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