vs
Side-by-side financial comparison of Webull Corp (BULL) and 4D Molecular Therapeutics, Inc. (FDMT). Click either name above to swap in a different company.
Webull Corp is the larger business by last-quarter revenue ($131.5M vs $85.1M, roughly 1.5× 4D Molecular Therapeutics, Inc.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs -21.5%, a 44.3% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 46.3%). Webull Corp produced more free cash flow last quarter ($271.7M vs $28.5M).
Webull Corporation, often stylized as simply Webull, is a US-based financial services holding company headquartered in St. Petersburg, Florida. It provides an electronic trading platform of the same name.
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.
BULL vs FDMT — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $131.5M | $85.1M |
| Net Profit | $-28.3M | $19.4M |
| Gross Margin | — | — |
| Operating Margin | -16.3% | 17.3% |
| Net Margin | -21.5% | 22.8% |
| Revenue YoY | 46.3% | 8508900.0% |
| Net Profit YoY | -144.3% | 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 | — | $85.1M | ||
| Q3 25 | — | $90.0K | ||
| Q2 25 | $131.5M | $15.0K | ||
| Q1 25 | — | $14.0K | ||
| Q4 24 | — | $1.0K | ||
| Q3 24 | — | $3.0K | ||
| Q2 24 | $89.9M | $5.0K | ||
| Q1 24 | — | $28.0K |
| Q4 25 | — | $19.4M | ||
| Q3 25 | — | $-56.9M | ||
| Q2 25 | $-28.3M | $-54.7M | ||
| Q1 25 | — | $-48.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-43.8M | ||
| Q2 24 | $-11.6M | $-35.0M | ||
| Q1 24 | — | $-32.4M |
| Q4 25 | — | 17.3% | ||
| Q3 25 | — | -67983.3% | ||
| Q2 25 | -16.3% | -396373.3% | ||
| Q1 25 | — | -383007.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -1704400.0% | ||
| Q2 24 | -11.4% | -849120.0% | ||
| Q1 24 | — | -136200.0% |
| Q4 25 | — | 22.8% | ||
| Q3 25 | — | -63195.6% | ||
| Q2 25 | -21.5% | -364386.7% | ||
| Q1 25 | — | -342657.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -1461433.3% | ||
| Q2 24 | -12.9% | -699060.0% | ||
| Q1 24 | — | -115717.9% |
| Q4 25 | — | $0.43 | ||
| Q3 25 | — | $-1.01 | ||
| Q2 25 | — | $-0.98 | ||
| Q1 25 | — | $-0.86 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-0.79 | ||
| Q2 24 | — | $-0.63 | ||
| Q1 24 | — | $-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 | $476.7M | $402.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $751.6M | $505.7M |
| Total Assets | $2.6B | $566.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $402.7M | ||
| Q3 25 | — | $305.1M | ||
| Q2 25 | $476.7M | $293.2M | ||
| Q1 25 | — | $321.4M | ||
| Q4 24 | — | $424.9M | ||
| Q3 24 | — | $501.9M | ||
| Q2 24 | — | $541.9M | ||
| Q1 24 | — | $525.9M |
| Q4 25 | — | $505.7M | ||
| Q3 25 | — | $369.0M | ||
| Q2 25 | $751.6M | $420.9M | ||
| Q1 25 | — | $469.7M | ||
| Q4 24 | — | $510.6M | ||
| Q3 24 | — | $552.9M | ||
| Q2 24 | $-2.9B | $588.3M | ||
| Q1 24 | — | $600.6M |
| Q4 25 | — | $566.7M | ||
| Q3 25 | — | $424.0M | ||
| Q2 25 | $2.6B | $473.6M | ||
| Q1 25 | — | $515.7M | ||
| Q4 24 | — | $560.4M | ||
| Q3 24 | — | $604.0M | ||
| Q2 24 | — | $620.1M | ||
| Q1 24 | — | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $272.1M | $28.6M |
| Free Cash FlowOCF − Capex | $271.7M | $28.5M |
| FCF MarginFCF / Revenue | 206.6% | 33.5% |
| Capex IntensityCapex / Revenue | 0.3% | 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 | — | $28.6M | ||
| Q3 25 | — | $-46.5M | ||
| Q2 25 | $272.1M | $-43.4M | ||
| Q1 25 | — | $-47.8M | ||
| Q4 24 | — | $-134.6M | ||
| Q3 24 | — | $-29.4M | ||
| Q2 24 | — | $-30.2M | ||
| Q1 24 | — | $-29.1M |
| Q4 25 | — | $28.5M | ||
| Q3 25 | — | $-46.6M | ||
| Q2 25 | $271.7M | $-43.4M | ||
| Q1 25 | — | $-48.4M | ||
| Q4 24 | — | $-138.4M | ||
| Q3 24 | — | $-31.2M | ||
| Q2 24 | — | $-30.6M | ||
| Q1 24 | — | $-29.8M |
| Q4 25 | — | 33.5% | ||
| Q3 25 | — | -51765.6% | ||
| Q2 25 | 206.6% | -289620.0% | ||
| Q1 25 | — | -345635.7% | ||
| Q4 24 | — | -13837100.0% | ||
| Q3 24 | — | -1038966.7% | ||
| Q2 24 | — | -611840.0% | ||
| Q1 24 | — | -106421.4% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 101.1% | ||
| Q2 25 | 0.3% | 440.0% | ||
| Q1 25 | — | 4507.1% | ||
| Q4 24 | — | 378600.0% | ||
| Q3 24 | — | 59266.7% | ||
| Q2 24 | — | 6980.0% | ||
| Q1 24 | — | 2535.7% |
| Q4 25 | — | 1.47× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
