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Side-by-side financial comparison of ALNYLAM PHARMACEUTICALS, INC. (ALNY) and Shift4 Payments, Inc. (FOUR). Click either name above to swap in a different company.

Shift4 Payments, Inc. is the larger business by last-quarter revenue ($1.2B vs $1.1B, roughly 1.1× ALNYLAM PHARMACEUTICALS, INC.). ALNYLAM PHARMACEUTICALS, INC. runs the higher net margin — 17.0% vs 3.4%, a 13.6% gap on every dollar of revenue. On growth, ALNYLAM PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (84.9% vs 34.0%). Shift4 Payments, Inc. produced more free cash flow last quarter ($222.5M vs $140.3M). Over the past eight quarters, ALNYLAM PHARMACEUTICALS, INC.'s revenue compounded faster (49.0% CAGR vs 29.6%).

Alnylam Pharmaceuticals, Inc. is an American biopharmaceutical company focused on the discovery, development and commercialization of RNA interference (RNAi) therapeutics for genetically defined diseases. The company was founded in 2002 and is headquartered in Cambridge, Massachusetts. In 2016, Forbes included the company on its "100 Most Innovative Growth Companies" list.

Shift4 Payments, Inc. is an American payment processing company based in Allentown, Pennsylvania. The company, founded in 1999 by the then 16-year-old Jared Isaacman, processes payments for over 200,000 businesses in the retail, hospitality, leisure, and restaurant industries. Shift4 specializes in commerce technology such as mobile payment software and hardware. The company was publicly listed on the New York Stock Exchange in 2020.

ALNY vs FOUR — Head-to-Head

Bigger by revenue
FOUR
FOUR
1.1× larger
FOUR
$1.2B
$1.1B
ALNY
Growing faster (revenue YoY)
ALNY
ALNY
+50.9% gap
ALNY
84.9%
34.0%
FOUR
Higher net margin
ALNY
ALNY
13.6% more per $
ALNY
17.0%
3.4%
FOUR
More free cash flow
FOUR
FOUR
$82.2M more FCF
FOUR
$222.5M
$140.3M
ALNY
Faster 2-yr revenue CAGR
ALNY
ALNY
Annualised
ALNY
49.0%
29.6%
FOUR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALNY
ALNY
FOUR
FOUR
Revenue
$1.1B
$1.2B
Net Profit
$186.4M
$40.2M
Gross Margin
75.6%
Operating Margin
12.0%
10.8%
Net Margin
17.0%
3.4%
Revenue YoY
84.9%
34.0%
Net Profit YoY
322.6%
-65.3%
EPS (diluted)
$1.44

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
ALNY
ALNY
FOUR
FOUR
Q4 25
$1.1B
$1.2B
Q3 25
$1.2B
$1.2B
Q2 25
$773.7M
$966.2M
Q1 25
$594.2M
$848.3M
Q4 24
$593.2M
$887.0M
Q3 24
$500.9M
$909.2M
Q2 24
$659.8M
$827.0M
Q1 24
$494.3M
$707.4M
Net Profit
ALNY
ALNY
FOUR
FOUR
Q4 25
$186.4M
$40.2M
Q3 25
$251.1M
$28.1M
Q2 25
$-66.3M
$34.0M
Q1 25
$-57.5M
$16.7M
Q4 24
$-83.8M
$116.0M
Q3 24
$-111.6M
$53.8M
Q2 24
$-16.9M
$39.2M
Q1 24
$-65.9M
$20.6M
Gross Margin
ALNY
ALNY
FOUR
FOUR
Q4 25
75.6%
Q3 25
84.2%
Q2 25
81.6%
Q1 25
88.2%
Q4 24
82.7%
Q3 24
83.6%
Q2 24
89.8%
Q1 24
89.0%
Operating Margin
ALNY
ALNY
FOUR
FOUR
Q4 25
12.0%
10.8%
Q3 25
29.5%
9.7%
Q2 25
-2.1%
8.6%
Q1 25
3.0%
3.0%
Q4 24
-17.7%
9.7%
Q3 24
-15.4%
8.8%
Q2 24
7.4%
7.2%
Q1 24
-8.8%
3.0%
Net Margin
ALNY
ALNY
FOUR
FOUR
Q4 25
17.0%
3.4%
Q3 25
20.1%
2.4%
Q2 25
-8.6%
3.5%
Q1 25
-9.7%
2.0%
Q4 24
-14.1%
13.1%
Q3 24
-22.3%
5.9%
Q2 24
-2.6%
4.7%
Q1 24
-13.3%
2.9%
EPS (diluted)
ALNY
ALNY
FOUR
FOUR
Q4 25
$1.44
Q3 25
$1.84
Q2 25
$-0.51
Q1 25
$-0.44
Q4 24
$-0.66
Q3 24
$-0.87
Q2 24
$-0.13
Q1 24
$-0.52

Balance Sheet & Financial Strength

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

Metric
ALNY
ALNY
FOUR
FOUR
Cash + ST InvestmentsLiquidity on hand
$1.7B
$964.0M
Total DebtLower is stronger
$4.5B
Stockholders' EquityBook value
$789.2M
$1.4B
Total Assets
$5.0B
$8.7B
Debt / EquityLower = less leverage
3.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALNY
ALNY
FOUR
FOUR
Q4 25
$1.7B
$964.0M
Q3 25
$1.5B
$1.5B
Q2 25
$1.1B
$3.0B
Q1 25
$1.0B
$1.2B
Q4 24
$966.4M
$1.2B
Q3 24
$1.1B
$1.4B
Q2 24
$968.5M
$205.0M
Q1 24
$681.9M
$522.9M
Total Debt
ALNY
ALNY
FOUR
FOUR
Q4 25
$4.5B
Q3 25
$4.7B
Q2 25
$3.7B
Q1 25
$2.8B
Q4 24
$2.8B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ALNY
ALNY
FOUR
FOUR
Q4 25
$789.2M
$1.4B
Q3 25
$233.9M
$1.7B
Q2 25
$250.6M
$1.6B
Q1 25
$115.4M
$805.2M
Q4 24
$67.1M
$806.6M
Q3 24
$32.4M
$811.8M
Q2 24
$-3.1M
$700.8M
Q1 24
$-219.3M
$674.5M
Total Assets
ALNY
ALNY
FOUR
FOUR
Q4 25
$5.0B
$8.7B
Q3 25
$4.9B
$9.0B
Q2 25
$4.6B
$7.0B
Q1 25
$4.2B
$5.0B
Q4 24
$4.2B
$5.0B
Q3 24
$4.2B
$5.0B
Q2 24
$4.0B
$3.5B
Q1 24
$3.8B
$3.4B
Debt / Equity
ALNY
ALNY
FOUR
FOUR
Q4 25
3.15×
Q3 25
2.83×
Q2 25
2.34×
Q1 25
3.53×
Q4 24
3.52×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
ALNY
ALNY
FOUR
FOUR
Operating Cash FlowLast quarter
$163.6M
$223.7M
Free Cash FlowOCF − Capex
$140.3M
$222.5M
FCF MarginFCF / Revenue
12.8%
18.7%
Capex IntensityCapex / Revenue
2.1%
0.1%
Cash ConversionOCF / Net Profit
0.88×
5.56×
TTM Free Cash FlowTrailing 4 quarters
$465.4M
$624.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALNY
ALNY
FOUR
FOUR
Q4 25
$163.6M
$223.7M
Q3 25
$325.1M
$171.8M
Q2 25
$153.7M
$141.9M
Q1 25
$-118.3M
$96.6M
Q4 24
$-94.7M
$145.4M
Q3 24
$43.7M
$182.1M
Q2 24
$124.2M
$116.1M
Q1 24
$-81.5M
$56.7M
Free Cash Flow
ALNY
ALNY
FOUR
FOUR
Q4 25
$140.3M
$222.5M
Q3 25
$313.0M
$165.4M
Q2 25
$139.4M
$141.0M
Q1 25
$-127.3M
$95.1M
Q4 24
$-103.8M
$143.8M
Q3 24
$39.5M
$180.1M
Q2 24
$116.1M
$113.9M
Q1 24
$-94.5M
$55.4M
FCF Margin
ALNY
ALNY
FOUR
FOUR
Q4 25
12.8%
18.7%
Q3 25
25.1%
14.1%
Q2 25
18.0%
14.6%
Q1 25
-21.4%
11.2%
Q4 24
-17.5%
16.2%
Q3 24
7.9%
19.8%
Q2 24
17.6%
13.8%
Q1 24
-19.1%
7.8%
Capex Intensity
ALNY
ALNY
FOUR
FOUR
Q4 25
2.1%
0.1%
Q3 25
1.0%
0.5%
Q2 25
1.8%
0.1%
Q1 25
1.5%
0.2%
Q4 24
1.5%
0.2%
Q3 24
0.8%
0.2%
Q2 24
1.2%
0.3%
Q1 24
2.6%
0.2%
Cash Conversion
ALNY
ALNY
FOUR
FOUR
Q4 25
0.88×
5.56×
Q3 25
1.29×
6.11×
Q2 25
4.17×
Q1 25
5.78×
Q4 24
1.25×
Q3 24
3.38×
Q2 24
2.96×
Q1 24
2.75×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALNY
ALNY

TTR$858.3M78%
Rare$136.4M12%
GIVLAARI$56.3M5%
Collaborative Arrangement$40.9M4%
ONPATTRO$12.0M1%

FOUR
FOUR

Payments Based Revenue$788.8M66%
Other$255.0M21%
Subscription And Other Revenues$144.8M12%

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