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Side-by-side financial comparison of C4 Therapeutics, Inc. (CCCC) and Farmmi, Inc. (FAMI). Click either name above to swap in a different company.

Farmmi, Inc. is the larger business by last-quarter revenue ($16.1M vs $11.0M, roughly 1.5× C4 Therapeutics, Inc.). Farmmi, Inc. runs the higher net margin — -0.3% vs -186.0%, a 185.7% gap on every dollar of revenue. On growth, C4 Therapeutics, Inc. posted the faster year-over-year revenue change (112.8% vs -55.7%).

C4 Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing targeted protein degradation therapies for cancer and other severe diseases with high unmet medical needs. It leverages its proprietary TORPEDO platform to design small molecule degraders that eliminate disease-causing proteins, with a pipeline of oncology candidates in preclinical and clinical development, plus strategic partnerships with leading global pharmaceutical firms.

Farmmi Inc. is a company that processes and sells agricultural products in China and abroad; it grows and markets shiitake and wood ear mushrooms and other edible fungi products, including bamboo fungi, chestnut mushroom, trumpet royale, hen of the woods, lawyer's wig, and lion's mane mushroom. It also operates Farmmi Jicai, an online store that sells edible fungi products under the Forasen and Farmmi Liangpin brands. In addition, the company exports dried whole and sliced shiitake mushrooms,...

CCCC vs FAMI — Head-to-Head

Bigger by revenue
FAMI
FAMI
1.5× larger
FAMI
$16.1M
$11.0M
CCCC
Growing faster (revenue YoY)
CCCC
CCCC
+168.5% gap
CCCC
112.8%
-55.7%
FAMI
Higher net margin
FAMI
FAMI
185.7% more per $
FAMI
-0.3%
-186.0%
CCCC

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
CCCC
CCCC
FAMI
FAMI
Revenue
$11.0M
$16.1M
Net Profit
$-20.5M
$-44.0K
Gross Margin
5.0%
Operating Margin
-210.1%
-4.1%
Net Margin
-186.0%
-0.3%
Revenue YoY
112.8%
-55.7%
Net Profit YoY
40.7%
-107.0%
EPS (diluted)
$-0.09
$-0.04

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
CCCC
CCCC
FAMI
FAMI
Q4 25
$11.0M
Q3 25
$11.2M
Q2 25
$6.5M
Q1 25
$7.2M
$16.1M
Q4 24
$5.2M
Q3 24
$15.4M
Q2 24
$12.0M
Q1 24
$3.0M
$36.4M
Net Profit
CCCC
CCCC
FAMI
FAMI
Q4 25
$-20.5M
Q3 25
$-32.2M
Q2 25
$-26.0M
Q1 25
$-26.3M
$-44.0K
Q4 24
$-34.6M
Q3 24
$-24.7M
Q2 24
$-17.7M
Q1 24
$-28.4M
$630.5K
Gross Margin
CCCC
CCCC
FAMI
FAMI
Q4 25
Q3 25
Q2 25
Q1 25
5.0%
Q4 24
Q3 24
Q2 24
Q1 24
5.9%
Operating Margin
CCCC
CCCC
FAMI
FAMI
Q4 25
-210.1%
Q3 25
-306.4%
Q2 25
-441.0%
Q1 25
-402.9%
-4.1%
Q4 24
-728.4%
Q3 24
-183.9%
Q2 24
-178.6%
Q1 24
-1060.2%
2.5%
Net Margin
CCCC
CCCC
FAMI
FAMI
Q4 25
-186.0%
Q3 25
-286.4%
Q2 25
-402.6%
Q1 25
-363.7%
-0.3%
Q4 24
-667.8%
Q3 24
-160.6%
Q2 24
-147.6%
Q1 24
-933.2%
1.7%
EPS (diluted)
CCCC
CCCC
FAMI
FAMI
Q4 25
$-0.09
Q3 25
$-0.44
Q2 25
$-0.37
Q1 25
$-0.37
$-0.04
Q4 24
$-0.50
Q3 24
$-0.35
Q2 24
$-0.26
Q1 24
$-0.41
$1.20

Balance Sheet & Financial Strength

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

Metric
CCCC
CCCC
FAMI
FAMI
Cash + ST InvestmentsLiquidity on hand
$74.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$256.6M
$166.4M
Total Assets
$359.1M
$230.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CCCC
CCCC
FAMI
FAMI
Q4 25
$74.6M
Q3 25
$58.8M
Q2 25
$78.2M
Q1 25
$51.3M
Q4 24
$55.5M
Q3 24
$59.6M
Q2 24
$73.1M
Q1 24
$89.7M
Stockholders' Equity
CCCC
CCCC
FAMI
FAMI
Q4 25
$256.6M
Q3 25
$154.4M
Q2 25
$174.1M
Q1 25
$195.1M
$166.4M
Q4 24
$216.0M
Q3 24
$242.7M
Q2 24
$247.1M
Q1 24
$258.3M
$164.4M
Total Assets
CCCC
CCCC
FAMI
FAMI
Q4 25
$359.1M
Q3 25
$265.5M
Q2 25
$296.5M
Q1 25
$319.5M
$230.4M
Q4 24
$349.6M
Q3 24
$376.1M
Q2 24
$381.1M
Q1 24
$398.4M
$171.9M

Cash Flow & Capital Efficiency

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

Metric
CCCC
CCCC
FAMI
FAMI
Operating Cash FlowLast quarter
$-22.1M
$14.6M
Free Cash FlowOCF − Capex
$14.6M
FCF MarginFCF / Revenue
90.1%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CCCC
CCCC
FAMI
FAMI
Q4 25
$-22.1M
Q3 25
$-31.2M
Q2 25
$-12.1M
Q1 25
$-33.3M
$14.6M
Q4 24
$-17.9M
Q3 24
$-24.1M
Q2 24
$-5.0M
Q1 24
$-18.1M
$-14.9M
Free Cash Flow
CCCC
CCCC
FAMI
FAMI
Q4 25
Q3 25
$-31.6M
Q2 25
Q1 25
$14.6M
Q4 24
$-17.9M
Q3 24
$-24.1M
Q2 24
$-5.2M
Q1 24
FCF Margin
CCCC
CCCC
FAMI
FAMI
Q4 25
Q3 25
-281.5%
Q2 25
Q1 25
90.1%
Q4 24
-346.5%
Q3 24
-157.2%
Q2 24
-43.1%
Q1 24
Capex Intensity
CCCC
CCCC
FAMI
FAMI
Q4 25
Q3 25
3.7%
Q2 25
Q1 25
0.1%
Q4 24
0.1%
Q3 24
0.1%
Q2 24
1.6%
Q1 24
0.0%
0.0%
Cash Conversion
CCCC
CCCC
FAMI
FAMI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-23.63×

Financial Flow Comparison

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

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