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Pulmatrix, Inc.

PULM

$1.67 ▼ -0.07 (-4.02%) at close

14 Visible periods

31 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

Pulmatrix, Inc. faces fundamental challenges with weakness in Return on Common Equity (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $6.1M

Dividend Yield —

Revenue Growth None

Op. Margin None

ROIC -107.2% ↘

FCF / Share $-1.49 ↗

Trailing P/E —

Price / Book 1.6x

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 6, 2026.

14-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$7.81M

↑ +7.0% —

Net Income Profit after all expenses

$-5.16M

↑ +46.0% —

Operating Margin Operating profit as % of sales

-125.1%

↑ +38.1% —

FCF / Share Free cash flow per share

$-1.49

↑ +51.1% —

Long-Term Debt Long-term obligations

$3.22M

↓ -43.5% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Return on Common Equity (%)Return on Common Equity (%) is in the bottom quartile

Health Breakdown

Returns ↓

Cash Quality ↑

Financial view

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Mar 31, 2013 10-K ↗
Revenue Growth YoY (%)	—	7.0% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-13%)	20.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+153%)	17.5% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+118%)	-59.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-839%)	59.7% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+647%)	5069.9% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+63274%)	-54.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-779%)	-59.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-849%)	-30.5% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-481%)	241.2% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2915%)	—	—	—
EPS Growth YoY (%)	46.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	32.3% Excellent → Excellent Stable Year-over-year change in earnings per share Optimal: > 10%	29.1% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	36.7% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	—	—	—	—
Net Income Growth YoY (%)	46.0% Excellent ↑ Excellent Improving Year-over-year change in net income	32.3% Excellent ↑ Excellent Improving Year-over-year change in net income	25.0% Excellent ↑ Excellent Improving Year-over-year change in net income	6.6% Fair ↑ Fair Improving Year-over-year change in net income	-4.5% Weak ↓ Weak Declining Year-over-year change in net income	6.3% Fair ↓ Fair Declining Year-over-year change in net income	-0.2% Weak ↓ Weak Declining Year-over-year change in net income	-13.9% Weak ↓ Weak Declining Year-over-year change in net income	35.2% Excellent ↑ Excellent Improving Year-over-year change in net income	-6.4% Weak ↑ Weak Improving Year-over-year change in net income	-8.4% Weak Weak Year-over-year change in net income	-674.3% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	51.1% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-66599.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	19.1% Good Good Year-over-year change in free cash flow	99.9% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 3Y (%)	—	14.7% Good ↓ Good Declining Compound annual revenue growth over 3 years	-16.7% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-8.4% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	223.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	235.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	111.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	-49.7% Weak Weak Compound annual revenue growth over 3 years	-1.6% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—	—
Revenue CAGR 5Y (%)	—	-0.3% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	116.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	78.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	44.0% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	60.1% Excellent Excellent Compound annual revenue growth over 5 years	86.3% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Mar 31, 2013 10-K ↗
Operating Margin (%) (%)	—	-125.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-934%)	-202.0% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1446%)	-312.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2181%)	-390.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2701%)	-78.1% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-620%)	-261.6% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1844%)	—	—	—	—	—	—	—
Effective Tax Rate (%) (%)	—	—	—	—	—	—	—	—	—	9.6% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—
Profit Margin (%) (%)	—	-122.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1120%)	-193.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1712%)	-310.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2686%)	-390.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-3352%)	-152.8% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1374%)	-260.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2270%)	—	—	—	—	—	—	—
FCF Margin (%) (%)	—	-142.4% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-228.3% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-320.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-384.4% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-101.0% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	40.1% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—	—	—
FCF / Net Income (x)	1.05x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.16x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	1.18x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	1.03x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.99x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.66x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.15x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.82x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	0.81x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Mar 31, 2013 10-K ↗
Return on Invested Capital (%)	-107.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-86.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-64.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-48.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-33.6% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-33.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-148.3% Weak → Weak Stable Return earned on debt + equity capital invested Optimal: > 10%	-136.1% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-136.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-187.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-47.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	9.1% Fair Fair Return earned on debt + equity capital invested Optimal: > 10%	-16.8% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-124.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-98.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-43.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-46.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-34.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-25.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-57.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-138.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-109.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-149.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-51.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-585.2% Weak Weak Operating profit relative to total assets Optimal: > 10%	-20.0% Weak Weak Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	-135.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1003%)	-106.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-812%)	-78.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-623%)	-60.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-504%)	-42.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-383%)	-83.4% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-656%)	-186.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1346%)	-173.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1257%)	-178.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1287%)	—	-80.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-635%)	30.6% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+104%)	-21.3% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-242%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Mar 31, 2013 10-K ↗
Debt to Equity (x)	—	—	—	—	—	—	—	—	—	0.37x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-39%)	0.17x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-71%)	—	—	—
Interest Coverage (x)	—	—	—	—	—	—	—	-109.68x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-27.18x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-28.22x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-24.15x Weak Weak Operating income divided by interest expense Optimal: > 5x	-0.59x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—
Net Debt (USD)	$-4.09M	$-9.52M	$-19.17M	$-35.63M	$-53.84M	$-31.66M	$-23.44M	$-2.56M	$-3.55M	$-965.00K	$-13.21M	$-451.00K	—	—
Debt / EBITDA (x)	—	—	—	—	—	—	—	—	—	-0.13x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.25x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Mar 31, 2013 10-K ↗
Revenue per Share (USD)	—	$2.14	$0.00	$0.00	$1.91	—	—	—	—	—	—	—	—	—
Basic EPS, GAAP (USD)	$-1.41	$-2.62	$-3.87	$-5.46	$-8.63	—	—	—	—	—	—	—	—	—
Free Cash Flow per Share (USD)	$-1.49	$-3.04	$-0.00	$-0.01	$-7.34	—	—	—	—	—	—	—	—	—
Book Value per Share (USD)	$1.04	$2.45	$4.93	$8.55	$14.73	$12.82	$0.55	$2.41	$4.82	$0.59	$2.21	$-417.73	$7.31	—
Tangible Book Value per Share (USD)	$1.04	$2.45	$4.93	$8.55	$14.73	$10.84	$0.37	$0.20	$-0.37	$-0.14	$0.62	$-417.73	$7.31	—
Basic Weighted Avg Shares (shares)	3.65M	3.65M	3.65B	3.45B	2.71M	—	—	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Mar 31, 2013 10-K ↗
Working Capital (USD)	$3.80M	$8.99M	$16.93M	$33.12M	$50.34M	$24.28M	$14.22M	$401.00K	$-1.59M	$109.00K	$16.86M	$-42.63M	$14.63M	—
LT Debt (USD)	—	—	—	—	—	—	—	—	—	$3.22M	$5.69M	—	—	—
Total Equity (USD)	$3.81M	$8.95M	$18.00M	$31.11M	$47.45M	$23.14M	$11.02M	$11.84M	$10.14M	$8.76M	$32.61M	$-78.79M	$14.63M	$47.00K

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Mar 31, 2013 10-K ↗
Sales/Revenue/Turnover (USD)	—	$7.81M	$7.30M	$6.07M	$5.17M	$12.63M	$7.91M	$153.00K	$335.00K	$835.00K	$1.20M	$352.00K	$0.00	—
Depreciation Expense (USD)	—	—	$134.00K	$162.00K	—	—	$182.00K	$231.00K	$246.00K	$250.00K	$232.00K	$342.00K	$2.00K	—
Net Income, GAAP (USD)	$-5.16M	$-9.56M	$-14.12M	$-18.84M	$-20.17M	$-19.31M	$-20.60M	$-20.56M	$-18.06M	$-27.84M	$-26.17M	$-24.14M	$-3.12M	—
Operating Cash Flow (USD)	$-5.43M	$-10.72M	$-15.98M	$-19.36M	$-19.73M	$-12.48M	$3.23M	$-16.76M	$-14.48M	—	—	—	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 14 years · 54 quarters

Pulmatrix, Inc.

Analytical Summary

14-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Statement lens

Benchmark Lens

Signals

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