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

TMC the metals Co Inc. is the larger business by last-quarter revenue ($1.3M vs $1.2M, roughly 1.1× Lucid Diagnostics Inc.). Lucid Diagnostics Inc. runs the higher net margin — -858.5% vs -3136.5%, a 2277.9% gap on every dollar of revenue. On growth, TMC the metals Co Inc. posted the faster year-over-year revenue change (2425.5% vs 3.3%). Over the past eight quarters, TMC the metals Co Inc.'s revenue compounded faster (159.0% CAGR vs 7.9%).

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.

The Metals Company, formerly DeepGreen Metals, is a Canadian deep sea mining exploration company. The company focuses on the mining of polymetallic nodules in the Clarion Clipperton Zone of the Pacific.

LUCD vs TMC — Head-to-Head

Bigger by revenue
TMC
TMC
1.1× larger
TMC
$1.3M
$1.2M
LUCD
Growing faster (revenue YoY)
TMC
TMC
+2422.2% gap
TMC
2425.5%
3.3%
LUCD
Higher net margin
LUCD
LUCD
2277.9% more per $
LUCD
-858.5%
-3136.5%
TMC
Faster 2-yr revenue CAGR
TMC
TMC
Annualised
TMC
159.0%
7.9%
LUCD

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
LUCD
LUCD
TMC
TMC
Revenue
$1.2M
$1.3M
Net Profit
$-10.4M
$-40.4M
Gross Margin
Operating Margin
-971.0%
-3470.9%
Net Margin
-858.5%
-3136.5%
Revenue YoY
3.3%
2425.5%
Net Profit YoY
16.0%
-151.5%
EPS (diluted)
$-0.10
$0.11

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
TMC
TMC
Q4 25
$1.3M
Q3 25
$1.2M
$1.3M
Q2 25
$1.2M
Q1 25
$828.0K
Q4 24
$1.2M
Q3 24
$1.2M
Q2 24
$976.0K
Q1 24
$1.0M
Net Profit
LUCD
LUCD
TMC
TMC
Q4 25
$-40.4M
Q3 25
$-10.4M
$-184.5M
Q2 25
$-4.4M
Q1 25
$-26.9M
Q4 24
$-11.5M
Q3 24
$-12.4M
Q2 24
$-11.0M
Q1 24
$-10.6M
Operating Margin
LUCD
LUCD
TMC
TMC
Q4 25
-3470.9%
Q3 25
-971.0%
-4134.4%
Q2 25
-978.8%
Q1 25
-1508.1%
Q4 24
-1033.8%
Q3 24
-997.8%
Q2 24
-1146.7%
Q1 24
-1078.1%
Net Margin
LUCD
LUCD
TMC
TMC
Q4 25
-3136.5%
Q3 25
-858.5%
-13780.2%
Q2 25
-381.7%
Q1 25
-3249.8%
Q4 24
-964.2%
Q3 24
-1055.5%
Q2 24
-1127.6%
Q1 24
-1060.1%
EPS (diluted)
LUCD
LUCD
TMC
TMC
Q4 25
$0.11
Q3 25
$-0.10
$0.46
Q2 25
$-0.08
Q1 25
$-0.52
Q4 24
$-0.17
Q3 24
$-0.25
Q2 24
$-0.23
Q1 24
$-0.40

Balance Sheet & Financial Strength

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

Metric
LUCD
LUCD
TMC
TMC
Cash + ST InvestmentsLiquidity on hand
$47.3M
$117.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$25.8M
$-33.4M
Total Assets
$53.2M
$181.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LUCD
LUCD
TMC
TMC
Q4 25
$117.6M
Q3 25
$47.3M
$115.6M
Q2 25
$31.1M
Q1 25
$25.2M
Q4 24
$22.4M
Q3 24
$14.5M
Q2 24
$24.9M
Q1 24
$24.8M
Stockholders' Equity
LUCD
LUCD
TMC
TMC
Q4 25
$-33.4M
Q3 25
$25.8M
$-40.6M
Q2 25
$7.9M
Q1 25
$-5.4M
Q4 24
$5.4M
Q3 24
$6.3M
Q2 24
$16.0M
Q1 24
$11.9M
Total Assets
LUCD
LUCD
TMC
TMC
Q4 25
$181.6M
Q3 25
$53.2M
$175.6M
Q2 25
$38.7M
Q1 25
$32.8M
Q4 24
$30.7M
Q3 24
$22.6M
Q2 24
$34.1M
Q1 24
$32.0M

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
TMC
TMC
Operating Cash FlowLast quarter
$-10.9M
$-11.4M
Free Cash FlowOCF − Capex
$-11.5M
FCF MarginFCF / Revenue
-889.8%
Capex IntensityCapex / Revenue
8.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LUCD
LUCD
TMC
TMC
Q4 25
$-11.4M
Q3 25
$-10.9M
$-11.5M
Q2 25
$-10.5M
Q1 25
$-12.5M
Q4 24
$-9.9M
Q3 24
$-10.2M
Q2 24
$-11.5M
Q1 24
$-12.6M
Free Cash Flow
LUCD
LUCD
TMC
TMC
Q4 25
$-11.5M
Q3 25
$-11.5M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
LUCD
LUCD
TMC
TMC
Q4 25
-889.8%
Q3 25
-859.4%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
LUCD
LUCD
TMC
TMC
Q4 25
8.2%
Q3 25
1.5%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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