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

Lucid Diagnostics Inc. is the larger business by last-quarter revenue ($1.2M vs $996.0K, roughly 1.2× PAVmed Inc.). PAVmed Inc. runs the higher net margin — 6465.8% vs -858.5%, a 7324.3% gap on every dollar of revenue. On growth, PAVmed Inc. posted the faster year-over-year revenue change (25.9% vs 3.3%).

Lucid Diagnostics Inc. is a commercial-stage medical diagnostics firm focused on non-invasive screening tests for upper gastrointestinal diseases, including early detection of esophageal cancer and pre-cancerous lesions. It mainly serves healthcare providers and clinical partners across the United States, targeting at-risk patient populations.

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.

LUCD vs PAVM — Head-to-Head

Bigger by revenue
LUCD
LUCD
1.2× larger
LUCD
$1.2M
$996.0K
PAVM
Growing faster (revenue YoY)
PAVM
PAVM
+22.6% gap
PAVM
25.9%
3.3%
LUCD
Higher net margin
PAVM
PAVM
7324.3% more per $
PAVM
6465.8%
-858.5%
LUCD

Income Statement — Q3 FY2025 vs Q3 FY2024

Metric
LUCD
LUCD
PAVM
PAVM
Revenue
$1.2M
$996.0K
Net Profit
$-10.4M
$64.4M
Gross Margin
-38.7%
Operating Margin
-971.0%
-1162.4%
Net Margin
-858.5%
6465.8%
Revenue YoY
3.3%
25.9%
Net Profit YoY
16.0%
464.4%
EPS (diluted)
$-0.10
$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
LUCD
LUCD
PAVM
PAVM
Q3 25
$1.2M
Q2 25
$1.2M
Q1 25
$828.0K
Q4 24
$1.2M
Q3 24
$1.2M
$996.0K
Q2 24
$976.0K
$979.0K
Q1 24
$1.0M
$1.0M
Q4 23
$1.0M
$1.0M
Net Profit
LUCD
LUCD
PAVM
PAVM
Q3 25
$-10.4M
Q2 25
$-4.4M
Q1 25
$-26.9M
Q4 24
$-11.5M
Q3 24
$-12.4M
$64.4M
Q2 24
$-11.0M
$-10.8M
Q1 24
$-10.6M
$-15.2M
Q4 23
$-10.8M
$-14.0M
Gross Margin
LUCD
LUCD
PAVM
PAVM
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-38.7%
Q2 24
-70.2%
Q1 24
-72.7%
Q4 23
-53.5%
Operating Margin
LUCD
LUCD
PAVM
PAVM
Q3 25
-971.0%
Q2 25
-978.8%
Q1 25
-1508.1%
Q4 24
-1033.8%
Q3 24
-997.8%
-1162.4%
Q2 24
-1146.7%
-1397.8%
Q1 24
-1078.1%
-1389.7%
Q4 23
-1101.3%
-1561.7%
Net Margin
LUCD
LUCD
PAVM
PAVM
Q3 25
-858.5%
Q2 25
-381.7%
Q1 25
-3249.8%
Q4 24
-964.2%
Q3 24
-1055.5%
6465.8%
Q2 24
-1127.6%
-1105.9%
Q1 24
-1060.1%
-1506.1%
Q4 23
-1041.3%
-1338.0%
EPS (diluted)
LUCD
LUCD
PAVM
PAVM
Q3 25
$-0.10
Q2 25
$-0.08
Q1 25
$-0.52
Q4 24
$-0.17
Q3 24
$-0.25
$1.44
Q2 24
$-0.23
$-1.19
Q1 24
$-0.40
$-2.62
Q4 23
$-0.25
$-1.90

Balance Sheet & Financial Strength

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

Metric
LUCD
LUCD
PAVM
PAVM
Cash + ST InvestmentsLiquidity on hand
$47.3M
$765.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$25.8M
$-4.9M
Total Assets
$53.2M
$30.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LUCD
LUCD
PAVM
PAVM
Q3 25
$47.3M
Q2 25
$31.1M
Q1 25
$25.2M
Q4 24
$22.4M
Q3 24
$14.5M
$765.0K
Q2 24
$24.9M
$25.5M
Q1 24
$24.8M
$25.5M
Q4 23
$18.9M
$19.6M
Stockholders' Equity
LUCD
LUCD
PAVM
PAVM
Q3 25
$25.8M
Q2 25
$7.9M
Q1 25
$-5.4M
Q4 24
$5.4M
Q3 24
$6.3M
$-4.9M
Q2 24
$16.0M
$-73.9M
Q1 24
$11.9M
$-68.8M
Q4 23
$-2.3M
$-53.8M
Total Assets
LUCD
LUCD
PAVM
PAVM
Q3 25
$53.2M
Q2 25
$38.7M
Q1 25
$32.8M
Q4 24
$30.7M
Q3 24
$22.6M
$30.6M
Q2 24
$34.1M
$39.4M
Q1 24
$32.0M
$37.3M
Q4 23
$27.3M
$33.1M

Cash Flow & Capital Efficiency

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

Metric
LUCD
LUCD
PAVM
PAVM
Operating Cash FlowLast quarter
$-10.9M
$-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
LUCD
LUCD
PAVM
PAVM
Q3 25
$-10.9M
Q2 25
$-10.5M
Q1 25
$-12.5M
Q4 24
$-9.9M
Q3 24
$-10.2M
$-8.9M
Q2 24
$-11.5M
$-11.7M
Q1 24
$-12.6M
$-13.1M
Q4 23
$-10.0M
$-11.9M
Free Cash Flow
LUCD
LUCD
PAVM
PAVM
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-8.9M
Q2 24
$-11.7M
Q1 24
$-13.2M
Q4 23
$-12.1M
FCF Margin
LUCD
LUCD
PAVM
PAVM
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-892.5%
Q2 24
-1190.9%
Q1 24
-1302.1%
Q4 23
-1149.4%
Capex Intensity
LUCD
LUCD
PAVM
PAVM
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.6%
Q2 24
0.3%
Q1 24
4.2%
Q4 23
17.4%
Cash Conversion
LUCD
LUCD
PAVM
PAVM
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.14×
Q2 24
Q1 24
Q4 23

Financial Flow Comparison

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

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