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Side-by-side financial comparison of ATLANTIC AMERICAN CORP (AAME) and 4D Molecular Therapeutics, Inc. (FDMT). Click either name above to swap in a different company.

4D Molecular Therapeutics, Inc. is the larger business by last-quarter revenue ($85.1M vs $53.8M, roughly 1.6× ATLANTIC AMERICAN CORP). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs 1.1%, a 21.7% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 20.8%). 4D Molecular Therapeutics, Inc. produced more free cash flow last quarter ($28.5M vs $6.6M). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 7.2%).

The Atlantic Telegraph Company was a company formed on 6 November 1856 to undertake and exploit a commercial telegraph cable across the Atlantic Ocean, the first such telecommunications link.

4D Molecular Therapeutics is a clinical-stage biotechnology company specializing in the research and development of targeted adeno-associated virus (AAV) gene therapies. Its core product candidates address unmet medical needs in ophthalmology, cardiology, and pulmonary disease segments, serving global patient populations with rare and common hard-to-treat conditions.

AAME vs FDMT — Head-to-Head

Bigger by revenue
FDMT
FDMT
1.6× larger
FDMT
$85.1M
$53.8M
AAME
Growing faster (revenue YoY)
FDMT
FDMT
+8508879.2% gap
FDMT
8508900.0%
20.8%
AAME
Higher net margin
FDMT
FDMT
21.7% more per $
FDMT
22.8%
1.1%
AAME
More free cash flow
FDMT
FDMT
$21.9M more FCF
FDMT
$28.5M
$6.6M
AAME
Faster 2-yr revenue CAGR
FDMT
FDMT
Annualised
FDMT
5412.6%
7.2%
AAME

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
AAME
AAME
FDMT
FDMT
Revenue
$53.8M
$85.1M
Net Profit
$577.0K
$19.4M
Gross Margin
Operating Margin
1.4%
17.3%
Net Margin
1.1%
22.8%
Revenue YoY
20.8%
8508900.0%
Net Profit YoY
128.9%
139.1%
EPS (diluted)
$0.02
$0.43

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
AAME
AAME
FDMT
FDMT
Q4 25
$85.1M
Q3 25
$53.8M
$90.0K
Q2 25
$55.3M
$15.0K
Q1 25
$50.1M
$14.0K
Q4 24
$49.0M
$1.0K
Q3 24
$44.5M
$3.0K
Q2 24
$47.7M
$5.0K
Q1 24
$47.0M
$28.0K
Net Profit
AAME
AAME
FDMT
FDMT
Q4 25
$19.4M
Q3 25
$577.0K
$-56.9M
Q2 25
$3.3M
$-54.7M
Q1 25
$802.0K
$-48.0M
Q4 24
$412.0K
Q3 24
$-2.0M
$-43.8M
Q2 24
$-684.0K
$-35.0M
Q1 24
$-2.0M
$-32.4M
Operating Margin
AAME
AAME
FDMT
FDMT
Q4 25
17.3%
Q3 25
1.4%
-67983.3%
Q2 25
7.6%
-396373.3%
Q1 25
2.1%
-383007.1%
Q4 24
1.1%
Q3 24
-5.5%
-1704400.0%
Q2 24
-1.8%
-849120.0%
Q1 24
-5.3%
-136200.0%
Net Margin
AAME
AAME
FDMT
FDMT
Q4 25
22.8%
Q3 25
1.1%
-63195.6%
Q2 25
6.0%
-364386.7%
Q1 25
1.6%
-342657.1%
Q4 24
0.8%
Q3 24
-4.5%
-1461433.3%
Q2 24
-1.4%
-699060.0%
Q1 24
-4.3%
-115717.9%
EPS (diluted)
AAME
AAME
FDMT
FDMT
Q4 25
$0.43
Q3 25
$0.02
$-1.01
Q2 25
$0.15
$-0.98
Q1 25
$0.03
$-0.86
Q4 24
$0.01
Q3 24
$-0.10
$-0.79
Q2 24
$-0.04
$-0.63
Q1 24
$-0.10
$-0.66

Balance Sheet & Financial Strength

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

Metric
AAME
AAME
FDMT
FDMT
Cash + ST InvestmentsLiquidity on hand
$34.4M
$402.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$109.5M
$505.7M
Total Assets
$430.9M
$566.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAME
AAME
FDMT
FDMT
Q4 25
$402.7M
Q3 25
$34.4M
$305.1M
Q2 25
$46.4M
$293.2M
Q1 25
$35.9M
$321.4M
Q4 24
$35.6M
$424.9M
Q3 24
$23.0M
$501.9M
Q2 24
$21.2M
$541.9M
Q1 24
$21.2M
$525.9M
Stockholders' Equity
AAME
AAME
FDMT
FDMT
Q4 25
$505.7M
Q3 25
$109.5M
$369.0M
Q2 25
$106.2M
$420.9M
Q1 25
$102.4M
$469.7M
Q4 24
$99.6M
$510.6M
Q3 24
$105.8M
$552.9M
Q2 24
$100.7M
$588.3M
Q1 24
$102.8M
$600.6M
Total Assets
AAME
AAME
FDMT
FDMT
Q4 25
$566.7M
Q3 25
$430.9M
$424.0M
Q2 25
$429.3M
$473.6M
Q1 25
$388.4M
$515.7M
Q4 24
$393.4M
$560.4M
Q3 24
$387.0M
$604.0M
Q2 24
$386.0M
$620.1M
Q1 24
$365.8M
$629.9M

Cash Flow & Capital Efficiency

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

Metric
AAME
AAME
FDMT
FDMT
Operating Cash FlowLast quarter
$6.6M
$28.6M
Free Cash FlowOCF − Capex
$6.6M
$28.5M
FCF MarginFCF / Revenue
12.3%
33.5%
Capex IntensityCapex / Revenue
0.1%
0.1%
Cash ConversionOCF / Net Profit
11.51×
1.47×
TTM Free Cash FlowTrailing 4 quarters
$19.3M
$-109.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAME
AAME
FDMT
FDMT
Q4 25
$28.6M
Q3 25
$6.6M
$-46.5M
Q2 25
$9.3M
$-43.4M
Q1 25
$-722.0K
$-47.8M
Q4 24
$4.8M
$-134.6M
Q3 24
$90.0K
$-29.4M
Q2 24
$416.0K
$-30.2M
Q1 24
$-5.3M
$-29.1M
Free Cash Flow
AAME
AAME
FDMT
FDMT
Q4 25
$28.5M
Q3 25
$6.6M
$-46.6M
Q2 25
$9.1M
$-43.4M
Q1 25
$-986.0K
$-48.4M
Q4 24
$4.6M
$-138.4M
Q3 24
$58.0K
$-31.2M
Q2 24
$361.0K
$-30.6M
Q1 24
$-5.4M
$-29.8M
FCF Margin
AAME
AAME
FDMT
FDMT
Q4 25
33.5%
Q3 25
12.3%
-51765.6%
Q2 25
16.5%
-289620.0%
Q1 25
-2.0%
-345635.7%
Q4 24
9.3%
-13837100.0%
Q3 24
0.1%
-1038966.7%
Q2 24
0.8%
-611840.0%
Q1 24
-11.4%
-106421.4%
Capex Intensity
AAME
AAME
FDMT
FDMT
Q4 25
0.1%
Q3 25
0.1%
101.1%
Q2 25
0.3%
440.0%
Q1 25
0.5%
4507.1%
Q4 24
0.5%
378600.0%
Q3 24
0.1%
59266.7%
Q2 24
0.1%
6980.0%
Q1 24
0.1%
2535.7%
Cash Conversion
AAME
AAME
FDMT
FDMT
Q4 25
1.47×
Q3 25
11.51×
Q2 25
2.80×
Q1 25
-0.90×
Q4 24
11.65×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AAME
AAME

Bankers Fidelity$30.0M56%
American Southern$23.7M44%

FDMT
FDMT

Segment breakdown not available.

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