BackgroundDrug‐coated balloons (DCB) are emerging as an alternative to permanent implants for managing de novo coronary artery disease, particularly in small vessels (SVD). This sub‐analysis of the PICCOLETO II study aimed to compare the performance of DCB and DES in terms of Murray's law‐based quantitative flow ratio (μFR) changes between baseline, post‐percutaneous coronary intervention (PCI), and follow‐up.MethodsPatients with a clinical indication for PCI were assigned to receive either Xience DES or Elutax SV/Emperor DCB. Coronary angiograms were blindly analyzed by an independent Core Laboratory (Consorzio Futuro in Ricerca, University of Ferrara, Italy).ResultsAmong 232 patients, 59 were included in this analysis. Pre‐PCI μFR was comparable between groups (0.65 ± 0.29 vs. 0.58 ± 0.25; p = 0.20). Post‐PCI, the DCB group had a lower acute functional gain compared to DES (+0.21 vs. +0.31; p = 0.064), with lower μFR values (0.86 ± 0.36 vs. 0.89 ± 0.3; p = 0.074). At 6‐month follow‐up, μFR values were similar between groups (0.84 ± 0.29 vs. 0.84 ± 0.31, p = 0.93), with a comparable late functional loss (−0.02 vs. −0.05; p = 0.93). Angiographic late lumen loss was significantly lower in the DCB group (−0.03 vs. +0.29 mm; p = 0.027).ConclusionsDCB‐based PCI showed a trend toward less favorable immediate post‐PCI functional result but a comparable performance at follow‐up, suggesting its potential in treating de novo SVD.