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Side-by-side financial comparison of AlTi Global, Inc. (ALTI) and 4D Molecular Therapeutics, Inc. (FDMT). Click either name above to swap in a different company.
AlTi Global, Inc. is the larger business by last-quarter revenue ($86.6M vs $85.1M, roughly 1.0× 4D Molecular Therapeutics, Inc.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs -15.1%, a 37.9% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 87.0%). 4D Molecular Therapeutics, Inc. produced more free cash flow last quarter ($28.5M vs $-52.2M). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 30.6%).
Cristal Global is the world's second-largest producer of titanium dioxide and a leading producer of titanium chemicals. It was formed when The National Titanium Dioxide Company Ltd. combined with Millennium Chemicals. The headquarters are in Jeddah, Saudi Arabia. It is a significant shareholder in Bemax, the world’s 5th largest TiO2 feedstock producer.
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.
ALTI vs FDMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.6M | $85.1M |
| Net Profit | $-13.1M | $19.4M |
| Gross Margin | — | — |
| Operating Margin | -2.1% | 17.3% |
| Net Margin | -15.1% | 22.8% |
| Revenue YoY | 87.0% | 8508900.0% |
| Net Profit YoY | 75.6% | 139.1% |
| EPS (diluted) | — | $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.
| Q4 25 | $86.6M | $85.1M | ||
| Q3 25 | $57.2M | $90.0K | ||
| Q2 25 | $53.1M | $15.0K | ||
| Q1 25 | $58.0M | $14.0K | ||
| Q4 24 | $46.3M | $1.0K | ||
| Q3 24 | $51.8M | $3.0K | ||
| Q2 24 | $49.5M | $5.0K | ||
| Q1 24 | $50.8M | $28.0K |
| Q4 25 | $-13.1M | $19.4M | ||
| Q3 25 | $-84.1M | $-56.9M | ||
| Q2 25 | $-24.4M | $-54.7M | ||
| Q1 25 | $1.9M | $-48.0M | ||
| Q4 24 | $-53.8M | — | ||
| Q3 24 | $-72.5M | $-43.8M | ||
| Q2 24 | $-6.4M | $-35.0M | ||
| Q1 24 | $29.7M | $-32.4M |
| Q4 25 | -2.1% | 17.3% | ||
| Q3 25 | -49.8% | -67983.3% | ||
| Q2 25 | -56.7% | -396373.3% | ||
| Q1 25 | -23.3% | -383007.1% | ||
| Q4 24 | -42.7% | — | ||
| Q3 24 | -18.4% | -1704400.0% | ||
| Q2 24 | -30.2% | -849120.0% | ||
| Q1 24 | -28.9% | -136200.0% |
| Q4 25 | -15.1% | 22.8% | ||
| Q3 25 | -147.0% | -63195.6% | ||
| Q2 25 | -45.9% | -364386.7% | ||
| Q1 25 | 3.3% | -342657.1% | ||
| Q4 24 | -116.1% | — | ||
| Q3 24 | -140.0% | -1461433.3% | ||
| Q2 24 | -12.9% | -699060.0% | ||
| Q1 24 | 58.4% | -115717.9% |
| Q4 25 | — | $0.43 | ||
| Q3 25 | — | $-1.01 | ||
| Q2 25 | $-0.33 | $-0.98 | ||
| Q1 25 | $-0.04 | $-0.86 | ||
| Q4 24 | $-0.71 | — | ||
| Q3 24 | $-0.88 | $-0.79 | ||
| Q2 24 | $-0.18 | $-0.63 | ||
| Q1 24 | $0.18 | $-0.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.2M | $402.7M |
| Total DebtLower is stronger | $883.0K | — |
| Stockholders' EquityBook value | $600.1M | $505.7M |
| Total Assets | $1.2B | $566.7M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.2M | $402.7M | ||
| Q3 25 | $35.8M | $305.1M | ||
| Q2 25 | $42.4M | $293.2M | ||
| Q1 25 | $52.8M | $321.4M | ||
| Q4 24 | $64.4M | $424.9M | ||
| Q3 24 | $220.6M | $501.9M | ||
| Q2 24 | $60.0M | $541.9M | ||
| Q1 24 | $134.2M | $525.9M |
| Q4 25 | $883.0K | — | ||
| Q3 25 | $586.0K | — | ||
| Q2 25 | $673.0K | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $128.4M | — | ||
| Q2 24 | $164.0M | — | ||
| Q1 24 | $183.7M | — |
| Q4 25 | $600.1M | $505.7M | ||
| Q3 25 | $607.2M | $369.0M | ||
| Q2 25 | $685.4M | $420.9M | ||
| Q1 25 | $665.2M | $469.7M | ||
| Q4 24 | $658.4M | $510.6M | ||
| Q3 24 | $707.0M | $552.9M | ||
| Q2 24 | $540.2M | $588.3M | ||
| Q1 24 | $510.9M | $600.6M |
| Q4 25 | $1.2B | $566.7M | ||
| Q3 25 | $1.2B | $424.0M | ||
| Q2 25 | $1.2B | $473.6M | ||
| Q1 25 | $1.2B | $515.7M | ||
| Q4 24 | $1.3B | $560.4M | ||
| Q3 24 | $1.4B | $604.0M | ||
| Q2 24 | $1.3B | $620.1M | ||
| Q1 24 | $1.3B | $629.9M |
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.30× | — | ||
| Q1 24 | 0.36× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-51.4M | $28.6M |
| Free Cash FlowOCF − Capex | $-52.2M | $28.5M |
| FCF MarginFCF / Revenue | -60.3% | 33.5% |
| Capex IntensityCapex / Revenue | 0.9% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 1.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-109.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-51.4M | $28.6M | ||
| Q3 25 | $-53.5M | $-46.5M | ||
| Q2 25 | $-19.9M | $-43.4M | ||
| Q1 25 | $-30.2M | $-47.8M | ||
| Q4 24 | $-50.7M | $-134.6M | ||
| Q3 24 | $-4.9M | $-29.4M | ||
| Q2 24 | $-30.2M | $-30.2M | ||
| Q1 24 | $-15.5M | $-29.1M |
| Q4 25 | $-52.2M | $28.5M | ||
| Q3 25 | — | $-46.6M | ||
| Q2 25 | $-20.0M | $-43.4M | ||
| Q1 25 | $-31.0M | $-48.4M | ||
| Q4 24 | $-58.2M | $-138.4M | ||
| Q3 24 | $-9.4M | $-31.2M | ||
| Q2 24 | $-31.2M | $-30.6M | ||
| Q1 24 | $-15.7M | $-29.8M |
| Q4 25 | -60.3% | 33.5% | ||
| Q3 25 | — | -51765.6% | ||
| Q2 25 | -37.6% | -289620.0% | ||
| Q1 25 | -53.4% | -345635.7% | ||
| Q4 24 | -125.7% | -13837100.0% | ||
| Q3 24 | -18.2% | -1038966.7% | ||
| Q2 24 | -63.2% | -611840.0% | ||
| Q1 24 | -30.9% | -106421.4% |
| Q4 25 | 0.9% | 0.1% | ||
| Q3 25 | 0.0% | 101.1% | ||
| Q2 25 | 0.0% | 440.0% | ||
| Q1 25 | 1.3% | 4507.1% | ||
| Q4 24 | 16.3% | 378600.0% | ||
| Q3 24 | 8.7% | 59266.7% | ||
| Q2 24 | 2.2% | 6980.0% | ||
| Q1 24 | 0.4% | 2535.7% |
| Q4 25 | — | 1.47× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -15.80× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.52× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
FDMT
Segment breakdown not available.
