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Side-by-side financial comparison of Eos Energy Enterprises, Inc. (EOSE) 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 $58.0M, roughly 1.5× Eos Energy Enterprises, Inc.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs -207.7%, a 230.5% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 699.6%). 4D Molecular Therapeutics, Inc. produced more free cash flow last quarter ($28.5M vs $-75.2M).

Eos Energy Enterprises, Inc. is an energy storage solutions provider that designs, produces and deploys safe long-duration zinc-based battery systems. It serves utility, commercial, industrial and microgrid customers across North America, Europe and Asia, supporting grid stability and renewable energy integration.

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.

EOSE vs FDMT — Head-to-Head

Bigger by revenue
FDMT
FDMT
1.5× larger
FDMT
$85.1M
$58.0M
EOSE
Growing faster (revenue YoY)
FDMT
FDMT
+8508200.4% gap
FDMT
8508900.0%
699.6%
EOSE
Higher net margin
FDMT
FDMT
230.5% more per $
FDMT
22.8%
-207.7%
EOSE
More free cash flow
FDMT
FDMT
$103.7M more FCF
FDMT
$28.5M
$-75.2M
EOSE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EOSE
EOSE
FDMT
FDMT
Revenue
$58.0M
$85.1M
Net Profit
$-120.5M
$19.4M
Gross Margin
-93.8%
Operating Margin
-140.1%
17.3%
Net Margin
-207.7%
22.8%
Revenue YoY
699.6%
8508900.0%
Net Profit YoY
55.1%
139.1%
EPS (diluted)
$-0.53
$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
EOSE
EOSE
FDMT
FDMT
Q4 25
$58.0M
$85.1M
Q3 25
$30.5M
$90.0K
Q2 25
$15.2M
$15.0K
Q1 25
$10.5M
$14.0K
Q4 24
$7.3M
$1.0K
Q3 24
$3.0K
Q2 24
$5.0K
Q1 24
$28.0K
Net Profit
EOSE
EOSE
FDMT
FDMT
Q4 25
$-120.5M
$19.4M
Q3 25
$-641.4M
$-56.9M
Q2 25
$-222.9M
$-54.7M
Q1 25
$15.1M
$-48.0M
Q4 24
$-268.1M
Q3 24
$-43.8M
Q2 24
$-35.0M
Q1 24
$-32.4M
Gross Margin
EOSE
EOSE
FDMT
FDMT
Q4 25
-93.8%
Q3 25
-111.2%
Q2 25
-203.2%
Q1 25
-234.7%
Q4 24
-324.0%
Q3 24
Q2 24
Q1 24
Operating Margin
EOSE
EOSE
FDMT
FDMT
Q4 25
-140.1%
17.3%
Q3 25
-200.6%
-67983.3%
Q2 25
-419.1%
-396373.3%
Q1 25
-506.2%
-383007.1%
Q4 24
-712.8%
Q3 24
-1704400.0%
Q2 24
-849120.0%
Q1 24
-136200.0%
Net Margin
EOSE
EOSE
FDMT
FDMT
Q4 25
-207.7%
22.8%
Q3 25
-2102.1%
-63195.6%
Q2 25
-1463.2%
-364386.7%
Q1 25
144.7%
-342657.1%
Q4 24
-3696.7%
Q3 24
-1461433.3%
Q2 24
-699060.0%
Q1 24
-115717.9%
EPS (diluted)
EOSE
EOSE
FDMT
FDMT
Q4 25
$-0.53
$0.43
Q3 25
$-4.91
$-1.01
Q2 25
$-1.05
$-0.98
Q1 25
$-0.20
$-0.86
Q4 24
$-2.30
Q3 24
$-0.79
Q2 24
$-0.63
Q1 24
$-0.66

Balance Sheet & Financial Strength

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

Metric
EOSE
EOSE
FDMT
FDMT
Cash + ST InvestmentsLiquidity on hand
$568.0M
$402.7M
Total DebtLower is stronger
$813.3M
Stockholders' EquityBook value
$-2.2B
$505.7M
Total Assets
$885.2M
$566.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EOSE
EOSE
FDMT
FDMT
Q4 25
$568.0M
$402.7M
Q3 25
$58.7M
$305.1M
Q2 25
$120.2M
$293.2M
Q1 25
$82.6M
$321.4M
Q4 24
$74.3M
$424.9M
Q3 24
$501.9M
Q2 24
$541.9M
Q1 24
$525.9M
Total Debt
EOSE
EOSE
FDMT
FDMT
Q4 25
$813.3M
Q3 25
$448.5M
Q2 25
$445.3M
Q1 25
$325.5M
Q4 24
$316.9M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EOSE
EOSE
FDMT
FDMT
Q4 25
$-2.2B
$505.7M
Q3 25
$-2.3B
$369.0M
Q2 25
$-1.1B
$420.9M
Q1 25
$-942.2M
$469.7M
Q4 24
$-1.1B
$510.6M
Q3 24
$552.9M
Q2 24
$588.3M
Q1 24
$600.6M
Total Assets
EOSE
EOSE
FDMT
FDMT
Q4 25
$885.2M
$566.7M
Q3 25
$328.2M
$424.0M
Q2 25
$361.0M
$473.6M
Q1 25
$263.3M
$515.7M
Q4 24
$260.3M
$560.4M
Q3 24
$604.0M
Q2 24
$620.1M
Q1 24
$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
EOSE
EOSE
FDMT
FDMT
Operating Cash FlowLast quarter
$-50.3M
$28.6M
Free Cash FlowOCF − Capex
$-75.2M
$28.5M
FCF MarginFCF / Revenue
-129.7%
33.5%
Capex IntensityCapex / Revenue
43.1%
0.1%
Cash ConversionOCF / Net Profit
1.47×
TTM Free Cash FlowTrailing 4 quarters
$-265.0M
$-109.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EOSE
EOSE
FDMT
FDMT
Q4 25
$-50.3M
$28.6M
Q3 25
$-65.9M
$-46.5M
Q2 25
$-66.1M
$-43.4M
Q1 25
$-28.9M
$-47.8M
Q4 24
$-42.7M
$-134.6M
Q3 24
$-29.4M
Q2 24
$-30.2M
Q1 24
$-29.1M
Free Cash Flow
EOSE
EOSE
FDMT
FDMT
Q4 25
$-75.2M
$28.5M
Q3 25
$-82.7M
$-46.6M
Q2 25
$-73.2M
$-43.4M
Q1 25
$-33.8M
$-48.4M
Q4 24
$-55.8M
$-138.4M
Q3 24
$-31.2M
Q2 24
$-30.6M
Q1 24
$-29.8M
FCF Margin
EOSE
EOSE
FDMT
FDMT
Q4 25
-129.7%
33.5%
Q3 25
-271.1%
-51765.6%
Q2 25
-480.2%
-289620.0%
Q1 25
-323.6%
-345635.7%
Q4 24
-769.1%
-13837100.0%
Q3 24
-1038966.7%
Q2 24
-611840.0%
Q1 24
-106421.4%
Capex Intensity
EOSE
EOSE
FDMT
FDMT
Q4 25
43.1%
0.1%
Q3 25
55.2%
101.1%
Q2 25
46.2%
440.0%
Q1 25
47.0%
4507.1%
Q4 24
180.6%
378600.0%
Q3 24
59266.7%
Q2 24
6980.0%
Q1 24
2535.7%
Cash Conversion
EOSE
EOSE
FDMT
FDMT
Q4 25
1.47×
Q3 25
Q2 25
Q1 25
-1.91×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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