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

PAVmed Inc. is the larger business by last-quarter revenue ($996.0K vs $881.5K, roughly 1.1× Serve Robotics Inc.). PAVmed Inc. runs the higher net margin — 6465.8% vs -3888.1%, a 10353.9% gap on every dollar of revenue. On growth, Serve Robotics Inc. posted the faster year-over-year revenue change (400.1% vs 25.9%). PAVmed Inc. produced more free cash flow last quarter ($-8.9M vs $-46.1M).

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.

Ecovacs Robotics is a Chinese technology company. It is best known for developing in-home robotic appliances. The company was founded in 1998 by Qian Dongqi and is headquartered in Suzhou, China. According to Global Asia, Ecovacs Robotics had more than 60% of the Chinese market for robots by 2013. In 2023, Nikkei Asia had reported that the market capitalisation of Ecovacs Robotics has grown to near $6.38 billion, which is "roughly 5 times" that of the market capitalisation of rivalling US bas...

PAVM vs SERV — Head-to-Head

Bigger by revenue
PAVM
PAVM
1.1× larger
PAVM
$996.0K
$881.5K
SERV
Growing faster (revenue YoY)
SERV
SERV
+374.1% gap
SERV
400.1%
25.9%
PAVM
Higher net margin
PAVM
PAVM
10353.9% more per $
PAVM
6465.8%
-3888.1%
SERV
More free cash flow
PAVM
PAVM
$37.3M more FCF
PAVM
$-8.9M
$-46.1M
SERV

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
PAVM
PAVM
SERV
SERV
Revenue
$996.0K
$881.5K
Net Profit
$64.4M
$-34.3M
Gross Margin
-38.7%
-757.3%
Operating Margin
-1162.4%
-4572.1%
Net Margin
6465.8%
-3888.1%
Revenue YoY
25.9%
400.1%
Net Profit YoY
464.4%
-161.3%
EPS (diluted)
$1.44
$-0.50

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
PAVM
PAVM
SERV
SERV
Q4 25
$881.5K
Q3 25
$687.0K
Q2 25
$642.0K
Q1 25
$440.5K
Q4 24
$176.3K
Q3 24
$996.0K
$222.0K
Q2 24
$979.0K
$468.0K
Q1 24
$1.0M
$946.7K
Net Profit
PAVM
PAVM
SERV
SERV
Q4 25
$-34.3M
Q3 25
$-33.0M
Q2 25
$-20.9M
Q1 25
$-13.2M
Q4 24
$-13.1M
Q3 24
$64.4M
$-8.0M
Q2 24
$-10.8M
$-9.0M
Q1 24
$-15.2M
$-9.0M
Gross Margin
PAVM
PAVM
SERV
SERV
Q4 25
-757.3%
Q3 25
-637.4%
Q2 25
-445.3%
Q1 25
-333.4%
Q4 24
-371.7%
Q3 24
-38.7%
-70.3%
Q2 24
-70.2%
30.3%
Q1 24
-72.7%
62.8%
Operating Margin
PAVM
PAVM
SERV
SERV
Q4 25
-4572.1%
Q3 25
-5067.8%
Q2 25
-3527.1%
Q1 25
-3406.6%
Q4 24
-7701.3%
Q3 24
-1162.4%
-3804.1%
Q2 24
-1397.8%
-1828.2%
Q1 24
-1389.7%
-814.6%
Net Margin
PAVM
PAVM
SERV
SERV
Q4 25
-3888.1%
Q3 25
-4806.4%
Q2 25
-3247.7%
Q1 25
-3000.5%
Q4 24
-7441.8%
Q3 24
6465.8%
-3601.8%
Q2 24
-1105.9%
-1931.2%
Q1 24
-1506.1%
-954.7%
EPS (diluted)
PAVM
PAVM
SERV
SERV
Q4 25
$-0.50
Q3 25
$-0.54
Q2 25
$-0.36
Q1 25
$-0.23
Q4 24
$-0.23
Q3 24
$1.44
$-0.20
Q2 24
$-1.19
$-0.27
Q1 24
$-2.62
$-0.37

Balance Sheet & Financial Strength

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

Metric
PAVM
PAVM
SERV
SERV
Cash + ST InvestmentsLiquidity on hand
$765.0K
$106.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$-4.9M
$350.7M
Total Assets
$30.6M
$367.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PAVM
PAVM
SERV
SERV
Q4 25
$106.2M
Q3 25
$116.8M
Q2 25
$116.7M
Q1 25
$197.8M
Q4 24
$123.3M
Q3 24
$765.0K
$50.9M
Q2 24
$25.5M
$28.8M
Q1 24
$25.5M
Stockholders' Equity
PAVM
PAVM
SERV
SERV
Q4 25
$350.7M
Q3 25
$283.9M
Q2 25
$207.2M
Q1 25
$210.2M
Q4 24
$131.7M
Q3 24
$-4.9M
$56.2M
Q2 24
$-73.9M
$28.5M
Q1 24
$-68.8M
$-8.8M
Total Assets
PAVM
PAVM
SERV
SERV
Q4 25
$367.8M
Q3 25
$299.1M
Q2 25
$214.3M
Q1 25
$216.6M
Q4 24
$139.6M
Q3 24
$30.6M
$61.5M
Q2 24
$39.4M
$32.8M
Q1 24
$37.3M
$4.2M

Cash Flow & Capital Efficiency

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

Metric
PAVM
PAVM
SERV
SERV
Operating Cash FlowLast quarter
$-8.9M
$-29.6M
Free Cash FlowOCF − Capex
$-8.9M
$-46.1M
FCF MarginFCF / Revenue
-892.5%
-5234.4%
Capex IntensityCapex / Revenue
0.6%
1872.1%
Cash ConversionOCF / Net Profit
-0.14×
TTM Free Cash FlowTrailing 4 quarters
$-45.8M
$-117.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PAVM
PAVM
SERV
SERV
Q4 25
$-29.6M
Q3 25
$-25.2M
Q2 25
$-16.0M
Q1 25
$-9.5M
Q4 24
$-6.3M
Q3 24
$-8.9M
$-5.5M
Q2 24
$-11.7M
$-5.7M
Q1 24
$-13.1M
$-4.1M
Free Cash Flow
PAVM
PAVM
SERV
SERV
Q4 25
$-46.1M
Q3 25
$-36.5M
Q2 25
$-22.0M
Q1 25
$-12.9M
Q4 24
$-11.1M
Q3 24
$-8.9M
$-10.1M
Q2 24
$-11.7M
$-6.5M
Q1 24
$-13.2M
$-4.1M
FCF Margin
PAVM
PAVM
SERV
SERV
Q4 25
-5234.4%
Q3 25
-5314.1%
Q2 25
-3426.8%
Q1 25
-2934.1%
Q4 24
-6307.8%
Q3 24
-892.5%
-4529.7%
Q2 24
-1190.9%
-1396.6%
Q1 24
-1302.1%
-431.1%
Capex Intensity
PAVM
PAVM
SERV
SERV
Q4 25
1872.1%
Q3 25
1649.6%
Q2 25
940.4%
Q1 25
785.7%
Q4 24
2755.1%
Q3 24
0.6%
2070.7%
Q2 24
0.3%
169.8%
Q1 24
4.2%
0.4%
Cash Conversion
PAVM
PAVM
SERV
SERV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
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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