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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) and 4D Molecular Therapeutics, Inc. (FDMT). Click either name above to swap in a different company.
Emerald Holding, Inc. is the larger business by last-quarter revenue ($132.7M vs $85.1M, roughly 1.6× 4D Molecular Therapeutics, Inc.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs -22.8%, a 45.6% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 24.3%). 4D Molecular Therapeutics, Inc. produced more free cash flow last quarter ($28.5M vs $11.7M). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs -0.3%).
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
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.
EEX vs FDMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $132.7M | $85.1M |
| Net Profit | $-30.2M | $19.4M |
| Gross Margin | — | — |
| Operating Margin | -11.8% | 17.3% |
| Net Margin | -22.8% | 22.8% |
| Revenue YoY | 24.3% | 8508900.0% |
| Net Profit YoY | -692.2% | 139.1% |
| EPS (diluted) | $-0.15 | $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 | $132.7M | $85.1M | ||
| Q3 25 | $77.5M | $90.0K | ||
| Q2 25 | $105.5M | $15.0K | ||
| Q1 25 | $147.7M | $14.0K | ||
| Q4 24 | $106.8M | $1.0K | ||
| Q3 24 | $72.6M | $3.0K | ||
| Q2 24 | $86.0M | $5.0K | ||
| Q1 24 | $133.4M | $28.0K |
| Q4 25 | $-30.2M | $19.4M | ||
| Q3 25 | $-14.4M | $-56.9M | ||
| Q2 25 | $-1.4M | $-54.7M | ||
| Q1 25 | $15.3M | $-48.0M | ||
| Q4 24 | $5.1M | — | ||
| Q3 24 | $-11.1M | $-43.8M | ||
| Q2 24 | $-2.8M | $-35.0M | ||
| Q1 24 | $11.0M | $-32.4M |
| Q4 25 | -11.8% | 17.3% | ||
| Q3 25 | -10.1% | -67983.3% | ||
| Q2 25 | 9.7% | -396373.3% | ||
| Q1 25 | 24.2% | -383007.1% | ||
| Q4 24 | 19.5% | — | ||
| Q3 24 | -6.5% | -1704400.0% | ||
| Q2 24 | 7.4% | -849120.0% | ||
| Q1 24 | 18.2% | -136200.0% |
| Q4 25 | -22.8% | 22.8% | ||
| Q3 25 | -18.6% | -63195.6% | ||
| Q2 25 | -1.3% | -364386.7% | ||
| Q1 25 | 10.4% | -342657.1% | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | -15.3% | -1461433.3% | ||
| Q2 24 | -3.3% | -699060.0% | ||
| Q1 24 | 8.2% | -115717.9% |
| Q4 25 | $-0.15 | $0.43 | ||
| Q3 25 | $-0.07 | $-1.01 | ||
| Q2 25 | $-0.01 | $-0.98 | ||
| Q1 25 | $0.08 | $-0.86 | ||
| Q4 24 | $0.01 | — | ||
| Q3 24 | $-0.05 | $-0.79 | ||
| Q2 24 | $-0.03 | $-0.63 | ||
| Q1 24 | $0.00 | $-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 | $100.9M | $402.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $338.8M | $505.7M |
| Total Assets | $1.2B | $566.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.9M | $402.7M | ||
| Q3 25 | $95.4M | $305.1M | ||
| Q2 25 | $156.4M | $293.2M | ||
| Q1 25 | $276.8M | $321.4M | ||
| Q4 24 | $194.8M | $424.9M | ||
| Q3 24 | $188.9M | $501.9M | ||
| Q2 24 | $193.2M | $541.9M | ||
| Q1 24 | $186.8M | $525.9M |
| Q4 25 | $338.8M | $505.7M | ||
| Q3 25 | $369.5M | $369.0M | ||
| Q2 25 | $389.4M | $420.9M | ||
| Q1 25 | $392.1M | $469.7M | ||
| Q4 24 | $385.9M | $510.6M | ||
| Q3 24 | $391.1M | $552.9M | ||
| Q2 24 | $407.6M | $588.3M | ||
| Q1 24 | $-90.7M | $600.6M |
| Q4 25 | $1.2B | $566.7M | ||
| Q3 25 | $1.2B | $424.0M | ||
| Q2 25 | $1.2B | $473.6M | ||
| Q1 25 | $1.2B | $515.7M | ||
| Q4 24 | $1.0B | $560.4M | ||
| Q3 24 | $1.1B | $604.0M | ||
| Q2 24 | $1.1B | $620.1M | ||
| Q1 24 | $1.1B | $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 | $12.3M | $28.6M |
| Free Cash FlowOCF − Capex | $11.7M | $28.5M |
| FCF MarginFCF / Revenue | 8.8% | 33.5% |
| Capex IntensityCapex / Revenue | 0.5% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 1.47× |
| TTM Free Cash FlowTrailing 4 quarters | $41.4M | $-109.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $28.6M | ||
| Q3 25 | $1.8M | $-46.5M | ||
| Q2 25 | $15.9M | $-43.4M | ||
| Q1 25 | $12.6M | $-47.8M | ||
| Q4 24 | $20.6M | $-134.6M | ||
| Q3 24 | $9.1M | $-29.4M | ||
| Q2 24 | $9.8M | $-30.2M | ||
| Q1 24 | $7.3M | $-29.1M |
| Q4 25 | $11.7M | $28.5M | ||
| Q3 25 | $1.5M | $-46.6M | ||
| Q2 25 | $15.8M | $-43.4M | ||
| Q1 25 | $12.4M | $-48.4M | ||
| Q4 24 | $19.9M | $-138.4M | ||
| Q3 24 | $9.0M | $-31.2M | ||
| Q2 24 | $9.6M | $-30.6M | ||
| Q1 24 | $7.0M | $-29.8M |
| Q4 25 | 8.8% | 33.5% | ||
| Q3 25 | 1.9% | -51765.6% | ||
| Q2 25 | 15.0% | -289620.0% | ||
| Q1 25 | 8.4% | -345635.7% | ||
| Q4 24 | 18.6% | -13837100.0% | ||
| Q3 24 | 12.4% | -1038966.7% | ||
| Q2 24 | 11.2% | -611840.0% | ||
| Q1 24 | 5.2% | -106421.4% |
| Q4 25 | 0.5% | 0.1% | ||
| Q3 25 | 0.4% | 101.1% | ||
| Q2 25 | 0.1% | 440.0% | ||
| Q1 25 | 0.1% | 4507.1% | ||
| Q4 24 | 0.7% | 378600.0% | ||
| Q3 24 | 0.1% | 59266.7% | ||
| Q2 24 | 0.2% | 6980.0% | ||
| Q1 24 | 0.2% | 2535.7% |
| Q4 25 | — | 1.47× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.82× | — | ||
| Q4 24 | 4.04× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.66× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |
FDMT
Segment breakdown not available.
