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

4D Molecular Therapeutics, Inc. is the larger business by last-quarter revenue ($85.1M vs $80.5M, roughly 1.1× Envela Corp). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs 7.4%, a 15.3% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 66.6%). 4D Molecular Therapeutics, Inc. produced more free cash flow last quarter ($28.5M vs $-3.7M). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 42.1%).

Envela Corporation is a U.S.-based company that provides recommerce services aimed at extending product lifecycles and reducing resource consumption. The company operates through two primary segments: consumer and commercial.

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.

ELA vs FDMT — Head-to-Head

Bigger by revenue
FDMT
FDMT
1.1× larger
FDMT
$85.1M
$80.5M
ELA
Growing faster (revenue YoY)
FDMT
FDMT
+8508833.4% gap
FDMT
8508900.0%
66.6%
ELA
Higher net margin
FDMT
FDMT
15.3% more per $
FDMT
22.8%
7.4%
ELA
More free cash flow
FDMT
FDMT
$32.2M more FCF
FDMT
$28.5M
$-3.7M
ELA
Faster 2-yr revenue CAGR
FDMT
FDMT
Annualised
FDMT
5412.6%
42.1%
ELA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ELA
ELA
FDMT
FDMT
Revenue
$80.5M
$85.1M
Net Profit
$6.0M
$19.4M
Gross Margin
20.5%
Operating Margin
9.4%
17.3%
Net Margin
7.4%
22.8%
Revenue YoY
66.6%
8508900.0%
Net Profit YoY
274.6%
139.1%
EPS (diluted)
$0.22
$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
ELA
ELA
FDMT
FDMT
Q4 25
$80.5M
$85.1M
Q3 25
$57.4M
$90.0K
Q2 25
$54.9M
$15.0K
Q1 25
$48.3M
$14.0K
Q4 24
$48.3M
$1.0K
Q3 24
$46.9M
$3.0K
Q2 24
$45.3M
$5.0K
Q1 24
$39.9M
$28.0K
Net Profit
ELA
ELA
FDMT
FDMT
Q4 25
$6.0M
$19.4M
Q3 25
$3.4M
$-56.9M
Q2 25
$2.8M
$-54.7M
Q1 25
$2.5M
$-48.0M
Q4 24
$1.6M
Q3 24
$1.7M
$-43.8M
Q2 24
$1.6M
$-35.0M
Q1 24
$1.9M
$-32.4M
Gross Margin
ELA
ELA
FDMT
FDMT
Q4 25
20.5%
Q3 25
22.8%
Q2 25
22.6%
Q1 25
24.8%
Q4 24
23.1%
Q3 24
24.4%
Q2 24
25.1%
Q1 24
25.9%
Operating Margin
ELA
ELA
FDMT
FDMT
Q4 25
9.4%
17.3%
Q3 25
7.3%
-67983.3%
Q2 25
5.9%
-396373.3%
Q1 25
6.5%
-383007.1%
Q4 24
3.9%
Q3 24
4.3%
-1704400.0%
Q2 24
4.2%
-849120.0%
Q1 24
5.9%
-136200.0%
Net Margin
ELA
ELA
FDMT
FDMT
Q4 25
7.4%
22.8%
Q3 25
5.8%
-63195.6%
Q2 25
5.0%
-364386.7%
Q1 25
5.2%
-342657.1%
Q4 24
3.3%
Q3 24
3.6%
-1461433.3%
Q2 24
3.5%
-699060.0%
Q1 24
4.8%
-115717.9%
EPS (diluted)
ELA
ELA
FDMT
FDMT
Q4 25
$0.22
$0.43
Q3 25
$0.13
$-1.01
Q2 25
$0.11
$-0.98
Q1 25
$0.10
$-0.86
Q4 24
$0.07
Q3 24
$0.06
$-0.79
Q2 24
$0.06
$-0.63
Q1 24
$0.07
$-0.66

Balance Sheet & Financial Strength

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

Metric
ELA
ELA
FDMT
FDMT
Cash + ST InvestmentsLiquidity on hand
$402.7M
Total DebtLower is stronger
$9.9M
Stockholders' EquityBook value
$67.1M
$505.7M
Total Assets
$96.0M
$566.7M
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELA
ELA
FDMT
FDMT
Q4 25
$402.7M
Q3 25
$305.1M
Q2 25
$293.2M
Q1 25
$321.4M
Q4 24
$424.9M
Q3 24
$501.9M
Q2 24
$541.9M
Q1 24
$19.8M
$525.9M
Total Debt
ELA
ELA
FDMT
FDMT
Q4 25
$9.9M
Q3 25
$12.5M
Q2 25
$13.0M
Q1 25
$13.2M
Q4 24
$13.5M
Q3 24
$13.8M
Q2 24
$14.3M
Q1 24
$14.6M
Stockholders' Equity
ELA
ELA
FDMT
FDMT
Q4 25
$67.1M
$505.7M
Q3 25
$61.1M
$369.0M
Q2 25
$57.8M
$420.9M
Q1 25
$55.1M
$469.7M
Q4 24
$52.7M
$510.6M
Q3 24
$51.1M
$552.9M
Q2 24
$50.2M
$588.3M
Q1 24
$49.3M
$600.6M
Total Assets
ELA
ELA
FDMT
FDMT
Q4 25
$96.0M
$566.7M
Q3 25
$90.9M
$424.0M
Q2 25
$82.7M
$473.6M
Q1 25
$79.7M
$515.7M
Q4 24
$77.9M
$560.4M
Q3 24
$77.4M
$604.0M
Q2 24
$73.8M
$620.1M
Q1 24
$74.7M
$629.9M
Debt / Equity
ELA
ELA
FDMT
FDMT
Q4 25
0.15×
Q3 25
0.20×
Q2 25
0.23×
Q1 25
0.24×
Q4 24
0.26×
Q3 24
0.27×
Q2 24
0.29×
Q1 24
0.30×

Cash Flow & Capital Efficiency

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

Metric
ELA
ELA
FDMT
FDMT
Operating Cash FlowLast quarter
$-3.5M
$28.6M
Free Cash FlowOCF − Capex
$-3.7M
$28.5M
FCF MarginFCF / Revenue
-4.6%
33.5%
Capex IntensityCapex / Revenue
0.2%
0.1%
Cash ConversionOCF / Net Profit
-0.59×
1.47×
TTM Free Cash FlowTrailing 4 quarters
$1.4M
$-109.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELA
ELA
FDMT
FDMT
Q4 25
$-3.5M
$28.6M
Q3 25
$2.4M
$-46.5M
Q2 25
$2.6M
$-43.4M
Q1 25
$1.1M
$-47.8M
Q4 24
$3.7M
$-134.6M
Q3 24
$3.4M
$-29.4M
Q2 24
$-789.5K
$-30.2M
Q1 24
$3.8M
$-29.1M
Free Cash Flow
ELA
ELA
FDMT
FDMT
Q4 25
$-3.7M
$28.5M
Q3 25
$2.2M
$-46.6M
Q2 25
$2.1M
$-43.4M
Q1 25
$746.6K
$-48.4M
Q4 24
$3.2M
$-138.4M
Q3 24
$1.5M
$-31.2M
Q2 24
$-1.3M
$-30.6M
Q1 24
$3.3M
$-29.8M
FCF Margin
ELA
ELA
FDMT
FDMT
Q4 25
-4.6%
33.5%
Q3 25
3.8%
-51765.6%
Q2 25
3.9%
-289620.0%
Q1 25
1.5%
-345635.7%
Q4 24
6.7%
-13837100.0%
Q3 24
3.1%
-1038966.7%
Q2 24
-2.9%
-611840.0%
Q1 24
8.4%
-106421.4%
Capex Intensity
ELA
ELA
FDMT
FDMT
Q4 25
0.2%
0.1%
Q3 25
0.4%
101.1%
Q2 25
0.8%
440.0%
Q1 25
0.8%
4507.1%
Q4 24
1.0%
378600.0%
Q3 24
4.2%
59266.7%
Q2 24
1.1%
6980.0%
Q1 24
1.1%
2535.7%
Cash Conversion
ELA
ELA
FDMT
FDMT
Q4 25
-0.59×
1.47×
Q3 25
0.72×
Q2 25
0.94×
Q1 25
0.45×
Q4 24
2.34×
Q3 24
2.05×
Q2 24
-0.50×
Q1 24
1.99×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ELA
ELA

Consumer Segment$67.7M84%
Commercial Segment$12.8M16%

FDMT
FDMT

Segment breakdown not available.

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