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Side-by-side financial comparison of PMV Pharmaceuticals, Inc. (PMVP) 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 $1.2M, roughly 1.0× PMV Pharmaceuticals, Inc.). PMV Pharmaceuticals, Inc. runs the higher net margin — -1464.0% vs -3136.5%, a 1672.4% gap on every dollar of revenue. On growth, TMC the metals Co Inc. posted the faster year-over-year revenue change (2425.5% vs -46.1%). TMC the metals Co Inc. produced more free cash flow last quarter ($-11.5M vs $-17.2M). Over the past eight quarters, TMC the metals Co Inc.'s revenue compounded faster (159.0% CAGR vs -35.4%).

PMV Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company focused on developing precision oncology therapies targeting mutations in the p53 tumor suppressor gene, one of the most frequently altered genes in human cancers. Its lead product candidates address unmet medical needs for patients with hard-to-treat solid and hematologic malignancies, serving global oncology patient segments.

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.

PMVP vs TMC — Head-to-Head

Bigger by revenue
TMC
TMC
1.0× larger
TMC
$1.3M
$1.2M
PMVP
Growing faster (revenue YoY)
TMC
TMC
+2471.6% gap
TMC
2425.5%
-46.1%
PMVP
Higher net margin
PMVP
PMVP
1672.4% more per $
PMVP
-1464.0%
-3136.5%
TMC
More free cash flow
TMC
TMC
$5.7M more FCF
TMC
$-11.5M
$-17.2M
PMVP
Faster 2-yr revenue CAGR
TMC
TMC
Annualised
TMC
159.0%
-35.4%
PMVP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PMVP
PMVP
TMC
TMC
Revenue
$1.2M
$1.3M
Net Profit
$-18.0M
$-40.4M
Gross Margin
Operating Margin
-1561.8%
-3470.9%
Net Margin
-1464.0%
-3136.5%
Revenue YoY
-46.1%
2425.5%
Net Profit YoY
21.6%
-151.5%
EPS (diluted)
$-0.33
$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
PMVP
PMVP
TMC
TMC
Q4 25
$1.2M
$1.3M
Q3 25
$1.5M
$1.3M
Q2 25
$1.7M
Q1 25
$1.9M
Q4 24
$2.3M
Q3 24
$2.6M
Q2 24
$2.8M
Q1 24
$3.0M
Net Profit
PMVP
PMVP
TMC
TMC
Q4 25
$-18.0M
$-40.4M
Q3 25
$-21.1M
$-184.5M
Q2 25
$-21.2M
Q1 25
$-17.4M
Q4 24
$-23.0M
Q3 24
$-19.2M
Q2 24
$-1.2M
Q1 24
$-15.3M
Operating Margin
PMVP
PMVP
TMC
TMC
Q4 25
-1561.8%
-3470.9%
Q3 25
-1521.8%
-4134.4%
Q2 25
-1353.8%
Q1 25
-1114.4%
Q4 24
-1100.5%
Q3 24
-837.0%
Q2 24
-720.1%
Q1 24
-617.2%
Net Margin
PMVP
PMVP
TMC
TMC
Q4 25
-1464.0%
-3136.5%
Q3 25
-1422.9%
-13780.2%
Q2 25
-1255.0%
Q1 25
-901.1%
Q4 24
-1005.7%
Q3 24
-735.2%
Q2 24
-43.3%
Q1 24
-517.3%
EPS (diluted)
PMVP
PMVP
TMC
TMC
Q4 25
$-0.33
$0.11
Q3 25
$-0.40
$0.46
Q2 25
$-0.41
Q1 25
$-0.34
Q4 24
$-0.45
Q3 24
$-0.37
Q2 24
$-0.02
Q1 24
$-0.30

Balance Sheet & Financial Strength

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

Metric
PMVP
PMVP
TMC
TMC
Cash + ST InvestmentsLiquidity on hand
$112.9M
$117.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$104.7M
$-33.4M
Total Assets
$116.6M
$181.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PMVP
PMVP
TMC
TMC
Q4 25
$112.9M
$117.6M
Q3 25
$129.3M
$115.6M
Q2 25
$142.3M
Q1 25
$160.4M
Q4 24
$169.5M
Q3 24
$182.8M
Q2 24
$212.9M
Q1 24
$197.9M
Stockholders' Equity
PMVP
PMVP
TMC
TMC
Q4 25
$104.7M
$-33.4M
Q3 25
$121.0M
$-40.6M
Q2 25
$140.6M
Q1 25
$160.1M
Q4 24
$176.1M
Q3 24
$197.9M
Q2 24
$214.3M
Q1 24
$212.7M
Total Assets
PMVP
PMVP
TMC
TMC
Q4 25
$116.6M
$181.6M
Q3 25
$133.8M
$175.6M
Q2 25
$152.9M
Q1 25
$170.6M
Q4 24
$191.3M
Q3 24
$223.5M
Q2 24
$237.5M
Q1 24
$236.9M

Cash Flow & Capital Efficiency

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

Metric
PMVP
PMVP
TMC
TMC
Operating Cash FlowLast quarter
$-17.2M
$-11.4M
Free Cash FlowOCF − Capex
$-17.2M
$-11.5M
FCF MarginFCF / Revenue
-1396.4%
-889.8%
Capex IntensityCapex / Revenue
1.2%
8.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-73.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PMVP
PMVP
TMC
TMC
Q4 25
$-17.2M
$-11.4M
Q3 25
$-19.8M
$-11.5M
Q2 25
$-18.3M
Q1 25
$-18.3M
Q4 24
$-16.7M
Q3 24
$-16.8M
Q2 24
$-1.6M
Q1 24
$-16.2M
Free Cash Flow
PMVP
PMVP
TMC
TMC
Q4 25
$-17.2M
$-11.5M
Q3 25
$-19.8M
$-11.5M
Q2 25
$-18.3M
Q1 25
$-18.3M
Q4 24
$-16.7M
Q3 24
$-16.8M
Q2 24
$-1.6M
Q1 24
$-16.8M
FCF Margin
PMVP
PMVP
TMC
TMC
Q4 25
-1396.4%
-889.8%
Q3 25
-1339.3%
-859.4%
Q2 25
-1083.6%
Q1 25
-944.2%
Q4 24
-731.0%
Q3 24
-644.0%
Q2 24
-57.2%
Q1 24
-568.4%
Capex Intensity
PMVP
PMVP
TMC
TMC
Q4 25
1.2%
8.2%
Q3 25
0.1%
1.5%
Q2 25
0.7%
Q1 25
0.2%
Q4 24
2.4%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
20.1%

Financial Flow Comparison

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

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