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

BANNER CORP is the larger business by last-quarter revenue ($169.3M vs $85.1M, roughly 2.0× 4D Molecular Therapeutics, Inc.). BANNER CORP runs the higher net margin — 32.3% vs 22.8%, a 9.5% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 5.7%). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 13.0%).

Banner Bank is a Washington-chartered commercial bank headquartered in Walla Walla, Washington, with roots that date back to 1890. The bank provides services in commercial real estate, construction, residential, agricultural and consumer loans. It also provides community banking services through its branches and loan offices located in Washington, Oregon, Idaho and California.

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.

BANR vs FDMT — Head-to-Head

Bigger by revenue
BANR
BANR
2.0× larger
BANR
$169.3M
$85.1M
FDMT
Growing faster (revenue YoY)
FDMT
FDMT
+8508894.3% gap
FDMT
8508900.0%
5.7%
BANR
Higher net margin
BANR
BANR
9.5% more per $
BANR
32.3%
22.8%
FDMT
Faster 2-yr revenue CAGR
FDMT
FDMT
Annualised
FDMT
5412.6%
13.0%
BANR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BANR
BANR
FDMT
FDMT
Revenue
$169.3M
$85.1M
Net Profit
$54.7M
$19.4M
Gross Margin
Operating Margin
17.3%
Net Margin
32.3%
22.8%
Revenue YoY
5.7%
8508900.0%
Net Profit YoY
21.2%
139.1%
EPS (diluted)
$1.60
$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
BANR
BANR
FDMT
FDMT
Q1 26
$169.3M
Q4 25
$152.4M
$85.1M
Q3 25
$150.0M
$90.0K
Q2 25
$144.4M
$15.0K
Q1 25
$141.1M
$14.0K
Q4 24
$140.5M
$1.0K
Q3 24
$135.7M
$3.0K
Q2 24
$132.5M
$5.0K
Net Profit
BANR
BANR
FDMT
FDMT
Q1 26
$54.7M
Q4 25
$19.4M
Q3 25
$53.5M
$-56.9M
Q2 25
$45.5M
$-54.7M
Q1 25
$45.1M
$-48.0M
Q4 24
Q3 24
$45.2M
$-43.8M
Q2 24
$39.8M
$-35.0M
Operating Margin
BANR
BANR
FDMT
FDMT
Q1 26
Q4 25
10.0%
17.3%
Q3 25
13.8%
-67983.3%
Q2 25
12.3%
-396373.3%
Q1 25
13.5%
-383007.1%
Q4 24
14.3%
Q3 24
13.3%
-1704400.0%
Q2 24
13.0%
-849120.0%
Net Margin
BANR
BANR
FDMT
FDMT
Q1 26
32.3%
Q4 25
22.8%
Q3 25
35.7%
-63195.6%
Q2 25
31.5%
-364386.7%
Q1 25
32.0%
-342657.1%
Q4 24
Q3 24
33.3%
-1461433.3%
Q2 24
30.0%
-699060.0%
EPS (diluted)
BANR
BANR
FDMT
FDMT
Q1 26
$1.60
Q4 25
$1.49
$0.43
Q3 25
$1.54
$-1.01
Q2 25
$1.31
$-0.98
Q1 25
$1.30
$-0.86
Q4 24
$1.34
Q3 24
$1.30
$-0.79
Q2 24
$1.15
$-0.63

Balance Sheet & Financial Strength

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

Metric
BANR
BANR
FDMT
FDMT
Cash + ST InvestmentsLiquidity on hand
$402.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.0B
$505.7M
Total Assets
$16.3B
$566.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BANR
BANR
FDMT
FDMT
Q1 26
Q4 25
$422.6M
$402.7M
Q3 25
$672.9M
$305.1M
Q2 25
$483.3M
$293.2M
Q1 25
$441.9M
$321.4M
Q4 24
$501.9M
$424.9M
Q3 24
$478.8M
$501.9M
Q2 24
$247.5M
$541.9M
Stockholders' Equity
BANR
BANR
FDMT
FDMT
Q1 26
$2.0B
Q4 25
$1.9B
$505.7M
Q3 25
$1.9B
$369.0M
Q2 25
$1.9B
$420.9M
Q1 25
$1.8B
$469.7M
Q4 24
$1.8B
$510.6M
Q3 24
$1.8B
$552.9M
Q2 24
$1.7B
$588.3M
Total Assets
BANR
BANR
FDMT
FDMT
Q1 26
$16.3B
Q4 25
$16.4B
$566.7M
Q3 25
$16.6B
$424.0M
Q2 25
$16.4B
$473.6M
Q1 25
$16.2B
$515.7M
Q4 24
$16.2B
$560.4M
Q3 24
$16.2B
$604.0M
Q2 24
$15.8B
$620.1M

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BANR
BANR
FDMT
FDMT
Q1 26
Q4 25
$257.5M
$28.6M
Q3 25
$120.4M
$-46.5M
Q2 25
$54.9M
$-43.4M
Q1 25
$57.2M
$-47.8M
Q4 24
$293.2M
$-134.6M
Q3 24
$63.8M
$-29.4M
Q2 24
$78.7M
$-30.2M
Free Cash Flow
BANR
BANR
FDMT
FDMT
Q1 26
Q4 25
$247.9M
$28.5M
Q3 25
$118.7M
$-46.6M
Q2 25
$52.1M
$-43.4M
Q1 25
$55.6M
$-48.4M
Q4 24
$279.4M
$-138.4M
Q3 24
$60.4M
$-31.2M
Q2 24
$74.3M
$-30.6M
FCF Margin
BANR
BANR
FDMT
FDMT
Q1 26
Q4 25
162.6%
33.5%
Q3 25
79.1%
-51765.6%
Q2 25
36.1%
-289620.0%
Q1 25
39.4%
-345635.7%
Q4 24
198.8%
-13837100.0%
Q3 24
44.5%
-1038966.7%
Q2 24
56.0%
-611840.0%
Capex Intensity
BANR
BANR
FDMT
FDMT
Q1 26
Q4 25
6.2%
0.1%
Q3 25
1.2%
101.1%
Q2 25
1.9%
440.0%
Q1 25
1.2%
4507.1%
Q4 24
9.8%
378600.0%
Q3 24
2.5%
59266.7%
Q2 24
3.3%
6980.0%
Cash Conversion
BANR
BANR
FDMT
FDMT
Q1 26
Q4 25
1.47×
Q3 25
2.25×
Q2 25
1.21×
Q1 25
1.27×
Q4 24
Q3 24
1.41×
Q2 24
1.98×

Financial Flow Comparison

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

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