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Side-by-side financial comparison of C4 Therapeutics, Inc. (CCCC) and Five Point Holdings, LLC (FPH). Click either name above to swap in a different company.

Five Point Holdings, LLC is the larger business by last-quarter revenue ($13.6M vs $11.0M, roughly 1.2× C4 Therapeutics, Inc.). Five Point Holdings, LLC runs the higher net margin — -16.4% vs -186.0%, a 169.6% gap on every dollar of revenue. On growth, C4 Therapeutics, Inc. posted the faster year-over-year revenue change (112.8% vs 3.2%). Over the past eight quarters, C4 Therapeutics, Inc.'s revenue compounded faster (90.4% CAGR vs -48.5%).

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.

Five Point Holdings, LLC is a leading U.S. real estate development company that focuses on planning and constructing large-scale master-planned mixed-use communities in high-demand markets across California. Its projects integrate residential housing, commercial office spaces, retail outlets, public amenities and recreational facilities to build vibrant, sustainable living and working environments for local populations.

CCCC vs FPH — Head-to-Head

Bigger by revenue
FPH
FPH
1.2× larger
FPH
$13.6M
$11.0M
CCCC
Growing faster (revenue YoY)
CCCC
CCCC
+109.6% gap
CCCC
112.8%
3.2%
FPH
Higher net margin
FPH
FPH
169.6% more per $
FPH
-16.4%
-186.0%
CCCC
Faster 2-yr revenue CAGR
CCCC
CCCC
Annualised
CCCC
90.4%
-48.5%
FPH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CCCC
CCCC
FPH
FPH
Revenue
$11.0M
$13.6M
Net Profit
$-20.5M
$-2.2M
Gross Margin
Operating Margin
-210.1%
-43.5%
Net Margin
-186.0%
-16.4%
Revenue YoY
112.8%
3.2%
Net Profit YoY
40.7%
-109.6%
EPS (diluted)
$-0.09

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
FPH
FPH
Q1 26
$13.6M
Q4 25
$11.0M
$75.9M
Q3 25
$11.2M
$13.5M
Q2 25
$6.5M
$7.5M
Q1 25
$7.2M
$13.2M
Q4 24
$5.2M
$159.8M
Q3 24
$15.4M
$17.0M
Q2 24
$12.0M
$51.2M
Net Profit
CCCC
CCCC
FPH
FPH
Q1 26
$-2.2M
Q4 25
$-20.5M
$58.7M
Q3 25
$-32.2M
$21.1M
Q2 25
$-26.0M
$3.3M
Q1 25
$-26.3M
$23.3M
Q4 24
$-34.6M
$121.0M
Q3 24
$-24.7M
$4.8M
Q2 24
$-17.7M
$14.7M
Operating Margin
CCCC
CCCC
FPH
FPH
Q1 26
-43.5%
Q4 25
-210.1%
89.0%
Q3 25
-306.4%
Q2 25
-441.0%
Q1 25
-402.9%
Q4 24
-728.4%
87.5%
Q3 24
-183.9%
83.6%
Q2 24
-178.6%
86.1%
Net Margin
CCCC
CCCC
FPH
FPH
Q1 26
-16.4%
Q4 25
-186.0%
77.3%
Q3 25
-286.4%
156.2%
Q2 25
-402.6%
44.4%
Q1 25
-363.7%
177.0%
Q4 24
-667.8%
75.7%
Q3 24
-160.6%
28.0%
Q2 24
-147.6%
28.8%
EPS (diluted)
CCCC
CCCC
FPH
FPH
Q1 26
Q4 25
$-0.09
Q3 25
$-0.44
Q2 25
$-0.37
Q1 25
$-0.37
Q4 24
$-0.50
Q3 24
$-0.35
Q2 24
$-0.26

Balance Sheet & Financial Strength

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

Metric
CCCC
CCCC
FPH
FPH
Cash + ST InvestmentsLiquidity on hand
$74.6M
$332.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$256.6M
$2.3B
Total Assets
$359.1M
$3.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CCCC
CCCC
FPH
FPH
Q1 26
$332.6M
Q4 25
$74.6M
$425.5M
Q3 25
$58.8M
$351.1M
Q2 25
$78.2M
$456.6M
Q1 25
$51.3M
$528.3M
Q4 24
$55.5M
$430.9M
Q3 24
$59.6M
$224.5M
Q2 24
$73.1M
$217.4M
Stockholders' Equity
CCCC
CCCC
FPH
FPH
Q1 26
$2.3B
Q4 25
$256.6M
$2.3B
Q3 25
$154.4M
$2.3B
Q2 25
$174.1M
$2.2B
Q1 25
$195.1M
$2.2B
Q4 24
$216.0M
$2.2B
Q3 24
$242.7M
$2.0B
Q2 24
$247.1M
$2.0B
Total Assets
CCCC
CCCC
FPH
FPH
Q1 26
$3.2B
Q4 25
$359.1M
$3.2B
Q3 25
$265.5M
$3.2B
Q2 25
$296.5M
$3.2B
Q1 25
$319.5M
$3.2B
Q4 24
$349.6M
$3.1B
Q3 24
$376.1M
$2.9B
Q2 24
$381.1M
$2.9B

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
FPH
FPH
Operating Cash FlowLast quarter
$-22.1M
$-44.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CCCC
CCCC
FPH
FPH
Q1 26
$-44.5M
Q4 25
$-22.1M
$105.2M
Q3 25
$-31.2M
$40.4M
Q2 25
$-12.1M
$-71.6M
Q1 25
$-33.3M
$56.7M
Q4 24
$-17.9M
$116.0M
Q3 24
$-24.1M
$-18.0M
Q2 24
$-5.0M
$-23.2M
Free Cash Flow
CCCC
CCCC
FPH
FPH
Q1 26
Q4 25
$105.0M
Q3 25
$-31.6M
Q2 25
$-71.7M
Q1 25
$56.7M
Q4 24
$-17.9M
$115.2M
Q3 24
$-24.1M
$-18.2M
Q2 24
$-5.2M
$-23.6M
FCF Margin
CCCC
CCCC
FPH
FPH
Q1 26
Q4 25
138.4%
Q3 25
-281.5%
Q2 25
-959.3%
Q1 25
430.9%
Q4 24
-346.5%
72.1%
Q3 24
-157.2%
-106.9%
Q2 24
-43.1%
-46.1%
Capex Intensity
CCCC
CCCC
FPH
FPH
Q1 26
0.0%
Q4 25
0.3%
Q3 25
3.7%
0.0%
Q2 25
0.8%
Q1 25
0.3%
Q4 24
0.1%
0.5%
Q3 24
0.1%
1.3%
Q2 24
1.6%
0.7%
Cash Conversion
CCCC
CCCC
FPH
FPH
Q1 26
Q4 25
1.79×
Q3 25
1.92×
Q2 25
-21.58×
Q1 25
2.44×
Q4 24
0.96×
Q3 24
-3.77×
Q2 24
-1.58×

Financial Flow Comparison

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

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