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Side-by-side financial comparison of PAVmed Inc. (PAVM) 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 $996.0K, roughly 1.3× PAVmed Inc.). PAVmed Inc. runs the higher net margin — 6465.8% vs -3136.5%, a 9602.3% gap on every dollar of revenue. On growth, TMC the metals Co Inc. posted the faster year-over-year revenue change (2425.5% vs 25.9%). PAVmed Inc. produced more free cash flow last quarter ($-8.9M vs $-11.5M).
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.
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.
PAVM vs TMC — Head-to-Head
Income Statement — Q3 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $996.0K | $1.3M |
| Net Profit | $64.4M | $-40.4M |
| Gross Margin | -38.7% | — |
| Operating Margin | -1162.4% | -3470.9% |
| Net Margin | 6465.8% | -3136.5% |
| Revenue YoY | 25.9% | 2425.5% |
| Net Profit YoY | 464.4% | -151.5% |
| EPS (diluted) | $1.44 | $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.
| Q4 25 | — | $1.3M | ||
| Q3 25 | — | $1.3M | ||
| Q3 24 | $996.0K | — | ||
| Q2 24 | $979.0K | — | ||
| Q1 24 | $1.0M | — | ||
| Q4 23 | $1.0M | $205.0K | ||
| Q3 23 | $791.0K | $319.0K | ||
| Q2 23 | $166.0K | — |
| Q4 25 | — | $-40.4M | ||
| Q3 25 | — | $-184.5M | ||
| Q3 24 | $64.4M | — | ||
| Q2 24 | $-10.8M | — | ||
| Q1 24 | $-15.2M | — | ||
| Q4 23 | $-14.0M | $-33.5M | ||
| Q3 23 | $-17.7M | $-12.5M | ||
| Q2 23 | $-14.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q3 24 | -38.7% | — | ||
| Q2 24 | -70.2% | — | ||
| Q1 24 | -72.7% | — | ||
| Q4 23 | -53.5% | — | ||
| Q3 23 | -124.9% | — | ||
| Q2 23 | -915.1% | — |
| Q4 25 | — | -3470.9% | ||
| Q3 25 | — | -4134.4% | ||
| Q3 24 | -1162.4% | — | ||
| Q2 24 | -1397.8% | — | ||
| Q1 24 | -1389.7% | — | ||
| Q4 23 | -1561.7% | -16223.9% | ||
| Q3 23 | -1963.1% | -3924.1% | ||
| Q2 23 | -9930.1% | — |
| Q4 25 | — | -3136.5% | ||
| Q3 25 | — | -13780.2% | ||
| Q3 24 | 6465.8% | — | ||
| Q2 24 | -1105.9% | — | ||
| Q1 24 | -1506.1% | — | ||
| Q4 23 | -1338.0% | -16321.5% | ||
| Q3 23 | -2234.0% | -3908.2% | ||
| Q2 23 | -8757.2% | — |
| Q4 25 | — | $0.11 | ||
| Q3 25 | — | $0.46 | ||
| Q3 24 | $1.44 | — | ||
| Q2 24 | $-1.19 | — | ||
| Q1 24 | $-2.62 | — | ||
| Q4 23 | $-1.90 | $0.12 | ||
| Q3 23 | $-2.38 | $0.04 | ||
| Q2 23 | $-2.10 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $765.0K | $117.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-4.9M | $-33.4M |
| Total Assets | $30.6M | $181.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $117.6M | ||
| Q3 25 | — | $115.6M | ||
| Q3 24 | $765.0K | — | ||
| Q2 24 | $25.5M | — | ||
| Q1 24 | $25.5M | — | ||
| Q4 23 | $19.6M | $6.8M | ||
| Q3 23 | $26.4M | $22.5M | ||
| Q2 23 | $37.2M | — |
| Q4 25 | — | $-33.4M | ||
| Q3 25 | — | $-40.6M | ||
| Q3 24 | $-4.9M | — | ||
| Q2 24 | $-73.9M | — | ||
| Q1 24 | $-68.8M | — | ||
| Q4 23 | $-53.8M | $10.9M | ||
| Q3 23 | $-43.3M | $41.6M | ||
| Q2 23 | $-31.5M | — |
| Q4 25 | — | $181.6M | ||
| Q3 25 | — | $175.6M | ||
| Q3 24 | $30.6M | — | ||
| Q2 24 | $39.4M | — | ||
| Q1 24 | $37.3M | — | ||
| Q4 23 | $33.1M | $68.9M | ||
| Q3 23 | $42.0M | $87.8M | ||
| Q2 23 | $53.7M | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-8.9M | $-11.4M |
| Free Cash FlowOCF − Capex | $-8.9M | $-11.5M |
| FCF MarginFCF / Revenue | -892.5% | -889.8% |
| Capex IntensityCapex / Revenue | 0.6% | 8.2% |
| Cash ConversionOCF / Net Profit | -0.14× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-45.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-11.4M | ||
| Q3 25 | — | $-11.5M | ||
| Q3 24 | $-8.9M | — | ||
| Q2 24 | $-11.7M | — | ||
| Q1 24 | $-13.1M | — | ||
| Q4 23 | $-11.9M | $-15.2M | ||
| Q3 23 | $-11.1M | $-12.5M | ||
| Q2 23 | $-12.7M | — |
| Q4 25 | — | $-11.5M | ||
| Q3 25 | — | $-11.5M | ||
| Q3 24 | $-8.9M | — | ||
| Q2 24 | $-11.7M | — | ||
| Q1 24 | $-13.2M | — | ||
| Q4 23 | $-12.1M | — | ||
| Q3 23 | $-11.1M | $-12.6M | ||
| Q2 23 | $-12.7M | — |
| Q4 25 | — | -889.8% | ||
| Q3 25 | — | -859.4% | ||
| Q3 24 | -892.5% | — | ||
| Q2 24 | -1190.9% | — | ||
| Q1 24 | -1302.1% | — | ||
| Q4 23 | -1149.4% | — | ||
| Q3 23 | -1404.2% | -3951.4% | ||
| Q2 23 | -7666.3% | — |
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | 1.5% | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 4.2% | — | ||
| Q4 23 | 17.4% | — | ||
| Q3 23 | 2.3% | 31.3% | ||
| Q2 23 | 9.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q3 24 | -0.14× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
