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Side-by-side financial comparison of TDH Holdings, Inc. (PETZ) and Pulmatrix, Inc. (PULM). Click either name above to swap in a different company.

Pulmatrix, Inc. is the larger business by last-quarter revenue ($1.6M vs $1.5M, roughly 1.1× TDH Holdings, Inc.). TDH Holdings, Inc. runs the higher net margin — -90.1% vs -374.4%, a 284.3% gap on every dollar of revenue.

TDH Holdings, Inc. is a pet product enterprise that develops, manufactures and distributes a comprehensive portfolio of pet food, nutritional treats, and daily pet supplies for dogs and cats. Its primary market is mainland China, catering to both online e-commerce and offline physical retail customer segments.

Pulmatrix, Inc. is a clinical-stage biopharmaceutical firm specializing in developing innovative inhaled therapies for severe respiratory diseases including chronic obstructive pulmonary disease, cystic fibrosis and idiopathic pulmonary fibrosis. It uses its proprietary dry powder platform to improve inhaled medication efficacy and safety, advancing its product candidate pipeline via partnerships with global pharmaceutical players.

PETZ vs PULM — Head-to-Head

Bigger by revenue
PULM
PULM
1.1× larger
PULM
$1.6M
$1.5M
PETZ
Higher net margin
PETZ
PETZ
284.3% more per $
PETZ
-90.1%
-374.4%
PULM

Income Statement — Q2 FY2023 vs Q2 FY2024

Metric
PETZ
PETZ
PULM
PULM
Revenue
$1.5M
$1.6M
Net Profit
$-1.3M
$-5.8M
Gross Margin
27.5%
Operating Margin
-149.8%
-380.2%
Net Margin
-90.1%
-374.4%
Revenue YoY
-15.8%
Net Profit YoY
-52.3%
EPS (diluted)
$-1.59

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
PETZ
PETZ
PULM
PULM
Q2 24
$1.6M
Q1 24
$5.9M
Q4 23
$2.2M
Q3 23
$1.8M
Q2 23
$1.5M
$1.8M
Q1 23
$1.5M
Q4 22
$1.7M
Q3 22
$1.9M
Net Profit
PETZ
PETZ
PULM
PULM
Q2 24
$-5.8M
Q1 24
$825.0K
Q4 23
$-2.1M
Q3 23
$-3.8M
Q2 23
$-1.3M
$-3.8M
Q1 23
$-4.4M
Q4 22
$-4.2M
Q3 22
$-5.1M
Gross Margin
PETZ
PETZ
PULM
PULM
Q2 24
Q1 24
Q4 23
Q3 23
Q2 23
27.5%
Q1 23
Q4 22
Q3 22
Operating Margin
PETZ
PETZ
PULM
PULM
Q2 24
-380.2%
Q1 24
12.7%
Q4 23
-101.0%
Q3 23
-224.7%
Q2 23
-149.8%
-216.4%
Q1 23
-305.9%
Q4 22
-253.2%
Q3 22
-272.4%
Net Margin
PETZ
PETZ
PULM
PULM
Q2 24
-374.4%
Q1 24
14.0%
Q4 23
-94.6%
Q3 23
-215.3%
Q2 23
-90.1%
-206.9%
Q1 23
-296.7%
Q4 22
-246.8%
Q3 22
-269.9%
EPS (diluted)
PETZ
PETZ
PULM
PULM
Q2 24
$-1.59
Q1 24
$0.23
Q4 23
$-0.58
Q3 23
$-1.03
Q2 23
$-1.04
Q1 23
$-1.22
Q4 22
Q3 22
$-1.45

Balance Sheet & Financial Strength

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

Metric
PETZ
PETZ
PULM
PULM
Cash + ST InvestmentsLiquidity on hand
$31.8M
$12.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$21.2M
$13.3M
Total Assets
$36.5M
$15.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PETZ
PETZ
PULM
PULM
Q2 24
$12.4M
Q1 24
$16.3M
Q4 23
$19.2M
Q3 23
$21.3M
Q2 23
$31.8M
$25.8M
Q1 23
$30.8M
Q4 22
$35.6M
Q3 22
$40.7M
Stockholders' Equity
PETZ
PETZ
PULM
PULM
Q2 24
$13.3M
Q1 24
$19.0M
Q4 23
$18.0M
Q3 23
$19.9M
Q2 23
$21.2M
$23.4M
Q1 23
$27.0M
Q4 22
$31.1M
Q3 22
$35.0M
Total Assets
PETZ
PETZ
PULM
PULM
Q2 24
$15.8M
Q1 24
$30.4M
Q4 23
$34.0M
Q3 23
$36.8M
Q2 23
$36.5M
$31.4M
Q1 23
$36.1M
Q4 22
$41.0M
Q3 22
$46.5M

Cash Flow & Capital Efficiency

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

Metric
PETZ
PETZ
PULM
PULM
Operating Cash FlowLast quarter
$-581.1K
$-3.7M
Free Cash FlowOCF − Capex
$-3.9M
FCF MarginFCF / Revenue
-252.6%
Capex IntensityCapex / Revenue
15.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PETZ
PETZ
PULM
PULM
Q2 24
$-3.7M
Q1 24
$-2.7M
Q4 23
$-2.0M
Q3 23
$-4.1M
Q2 23
$-581.1K
$-4.9M
Q1 23
$-4.9M
Q4 22
$-5.0M
Q3 22
$-3.6M
Free Cash Flow
PETZ
PETZ
PULM
PULM
Q2 24
$-3.9M
Q1 24
$-2.9M
Q4 23
Q3 23
$-4.5M
Q2 23
Q1 23
Q4 22
$-5.1M
Q3 22
FCF Margin
PETZ
PETZ
PULM
PULM
Q2 24
-252.6%
Q1 24
-48.8%
Q4 23
Q3 23
-254.1%
Q2 23
Q1 23
Q4 22
-296.0%
Q3 22
Capex Intensity
PETZ
PETZ
PULM
PULM
Q2 24
15.7%
Q1 24
2.6%
Q4 23
Q3 23
17.9%
Q2 23
Q1 23
Q4 22
0.5%
Q3 22
0.0%
Cash Conversion
PETZ
PETZ
PULM
PULM
Q2 24
Q1 24
-3.30×
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
Q3 22

Financial Flow Comparison

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

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