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

CareTrust REIT, Inc. is the larger business by last-quarter revenue ($134.9M vs $85.1M, roughly 1.6× 4D Molecular Therapeutics, Inc.). CareTrust REIT, Inc. runs the higher net margin — 82.5% vs 22.8%, a 59.7% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 55.1%). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 46.2%).

Target Healthcare REIT is a British property investment company which invests in healthcare properties and holds a large portfolio of care homes. It is structured as a real estate investment trust (REIT) and is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

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.

CTRE vs FDMT — Head-to-Head

Bigger by revenue
CTRE
CTRE
1.6× larger
CTRE
$134.9M
$85.1M
FDMT
Growing faster (revenue YoY)
FDMT
FDMT
+8508844.9% gap
FDMT
8508900.0%
55.1%
CTRE
Higher net margin
CTRE
CTRE
59.7% more per $
CTRE
82.5%
22.8%
FDMT
Faster 2-yr revenue CAGR
FDMT
FDMT
Annualised
FDMT
5412.6%
46.2%
CTRE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CTRE
CTRE
FDMT
FDMT
Revenue
$134.9M
$85.1M
Net Profit
$111.3M
$19.4M
Gross Margin
Operating Margin
17.3%
Net Margin
82.5%
22.8%
Revenue YoY
55.1%
8508900.0%
Net Profit YoY
113.5%
139.1%
EPS (diluted)
$0.52
$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
CTRE
CTRE
FDMT
FDMT
Q4 25
$134.9M
$85.1M
Q3 25
$132.4M
$90.0K
Q2 25
$112.5M
$15.0K
Q1 25
$96.6M
$14.0K
Q4 24
$86.9M
$1.0K
Q3 24
$77.4M
$3.0K
Q2 24
$68.9M
$5.0K
Q1 24
$63.1M
$28.0K
Net Profit
CTRE
CTRE
FDMT
FDMT
Q4 25
$111.3M
$19.4M
Q3 25
$74.9M
$-56.9M
Q2 25
$68.5M
$-54.7M
Q1 25
$65.8M
$-48.0M
Q4 24
$52.1M
Q3 24
$33.4M
$-43.8M
Q2 24
$10.8M
$-35.0M
Q1 24
$28.7M
$-32.4M
Operating Margin
CTRE
CTRE
FDMT
FDMT
Q4 25
17.3%
Q3 25
58.1%
-67983.3%
Q2 25
61.3%
-396373.3%
Q1 25
-383007.1%
Q4 24
Q3 24
43.0%
-1704400.0%
Q2 24
15.1%
-849120.0%
Q1 24
-136200.0%
Net Margin
CTRE
CTRE
FDMT
FDMT
Q4 25
82.5%
22.8%
Q3 25
56.6%
-63195.6%
Q2 25
60.9%
-364386.7%
Q1 25
68.1%
-342657.1%
Q4 24
60.0%
Q3 24
43.2%
-1461433.3%
Q2 24
15.6%
-699060.0%
Q1 24
45.6%
-115717.9%
EPS (diluted)
CTRE
CTRE
FDMT
FDMT
Q4 25
$0.52
$0.43
Q3 25
$0.35
$-1.01
Q2 25
$0.35
$-0.98
Q1 25
$0.35
$-0.86
Q4 24
$0.30
Q3 24
$0.21
$-0.79
Q2 24
$0.07
$-0.63
Q1 24
$0.22
$-0.66

Balance Sheet & Financial Strength

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

Metric
CTRE
CTRE
FDMT
FDMT
Cash + ST InvestmentsLiquidity on hand
$198.0M
$402.7M
Total DebtLower is stronger
$894.2M
Stockholders' EquityBook value
$4.0B
$505.7M
Total Assets
$5.1B
$566.7M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTRE
CTRE
FDMT
FDMT
Q4 25
$198.0M
$402.7M
Q3 25
$712.5M
$305.1M
Q2 25
$306.1M
$293.2M
Q1 25
$26.5M
$321.4M
Q4 24
$213.8M
$424.9M
Q3 24
$377.1M
$501.9M
Q2 24
$495.1M
$541.9M
Q1 24
$451.2M
$525.9M
Total Debt
CTRE
CTRE
FDMT
FDMT
Q4 25
$894.2M
Q3 25
$893.8M
Q2 25
$1.2B
Q1 25
$822.1M
Q4 24
$396.9M
Q3 24
$396.7M
Q2 24
$671.1M
Q1 24
$595.9M
Stockholders' Equity
CTRE
CTRE
FDMT
FDMT
Q4 25
$4.0B
$505.7M
Q3 25
$4.0B
$369.0M
Q2 25
$3.3B
$420.9M
Q1 25
$2.9B
$469.7M
Q4 24
$2.9B
$510.6M
Q3 24
$2.4B
$552.9M
Q2 24
$1.9B
$588.3M
Q1 24
$1.7B
$600.6M
Total Assets
CTRE
CTRE
FDMT
FDMT
Q4 25
$5.1B
$566.7M
Q3 25
$5.1B
$424.0M
Q2 25
$4.7B
$473.6M
Q1 25
$3.9B
$515.7M
Q4 24
$3.4B
$560.4M
Q3 24
$2.9B
$604.0M
Q2 24
$2.7B
$620.1M
Q1 24
$2.3B
$629.9M
Debt / Equity
CTRE
CTRE
FDMT
FDMT
Q4 25
0.22×
Q3 25
0.22×
Q2 25
0.35×
Q1 25
0.28×
Q4 24
0.14×
Q3 24
0.16×
Q2 24
0.35×
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
CTRE
CTRE
FDMT
FDMT
Operating Cash FlowLast quarter
$394.0M
$28.6M
Free Cash FlowOCF − Capex
$28.5M
FCF MarginFCF / Revenue
33.5%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
3.54×
1.47×
TTM Free Cash FlowTrailing 4 quarters
$-109.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTRE
CTRE
FDMT
FDMT
Q4 25
$394.0M
$28.6M
Q3 25
$100.9M
$-46.5M
Q2 25
$100.8M
$-43.4M
Q1 25
$71.4M
$-47.8M
Q4 24
$244.3M
$-134.6M
Q3 24
$67.2M
$-29.4M
Q2 24
$53.0M
$-30.2M
Q1 24
$48.8M
$-29.1M
Free Cash Flow
CTRE
CTRE
FDMT
FDMT
Q4 25
$28.5M
Q3 25
$-46.6M
Q2 25
$-43.4M
Q1 25
$-48.4M
Q4 24
$-138.4M
Q3 24
$-31.2M
Q2 24
$-30.6M
Q1 24
$-29.8M
FCF Margin
CTRE
CTRE
FDMT
FDMT
Q4 25
33.5%
Q3 25
-51765.6%
Q2 25
-289620.0%
Q1 25
-345635.7%
Q4 24
-13837100.0%
Q3 24
-1038966.7%
Q2 24
-611840.0%
Q1 24
-106421.4%
Capex Intensity
CTRE
CTRE
FDMT
FDMT
Q4 25
0.1%
Q3 25
101.1%
Q2 25
440.0%
Q1 25
4507.1%
Q4 24
378600.0%
Q3 24
59266.7%
Q2 24
6980.0%
Q1 24
2535.7%
Cash Conversion
CTRE
CTRE
FDMT
FDMT
Q4 25
3.54×
1.47×
Q3 25
1.35×
Q2 25
1.47×
Q1 25
1.08×
Q4 24
4.68×
Q3 24
2.01×
Q2 24
4.92×
Q1 24
1.70×

Financial Flow Comparison

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

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