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Side-by-side financial comparison of FIRST CAPITAL INC (FCAP) and Relay Therapeutics, Inc. (RLAY). Click either name above to swap in a different company.

FIRST CAPITAL INC is the larger business by last-quarter revenue ($13.5M vs $7.0M, roughly 1.9× Relay Therapeutics, Inc.). FIRST CAPITAL INC produced more free cash flow last quarter ($19.9M vs $-235.9M).

Capital First Ltd, formerly known as Future Capital Holdings, was an Indian non-bank financial institution which provided debt financing. In December 2018, it was merged into IDFC Bank to form IDFC First Bank. The company was listed on the NSE and BSE prior to the merger.

Relay Therapeutics is a clinical-stage biotechnology company focused on developing precision oncology therapies. It leverages advanced computational modeling of protein dynamics, paired with cutting-edge experimental biology, to design targeted medicines for previously intractable cancer types, serving global oncology care markets and patient populations.

FCAP vs RLAY — Head-to-Head

Bigger by revenue
FCAP
FCAP
1.9× larger
FCAP
$13.5M
$7.0M
RLAY
More free cash flow
FCAP
FCAP
$255.8M more FCF
FCAP
$19.9M
$-235.9M
RLAY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FCAP
FCAP
RLAY
RLAY
Revenue
$13.5M
$7.0M
Net Profit
$4.9M
Gross Margin
Operating Margin
Net Margin
36.2%
Revenue YoY
19.0%
Net Profit YoY
49.6%
EPS (diluted)
$1.45

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
FCAP
FCAP
RLAY
RLAY
Q4 25
$13.5M
$7.0M
Q3 25
$13.3M
$0
Q2 25
$12.4M
Q1 25
$11.4M
$7.7M
Q4 24
$11.3M
$0
Q3 24
$10.9M
$0
Q2 24
$10.7M
$0
Q1 24
$10.5M
$10.0M
Net Profit
FCAP
FCAP
RLAY
RLAY
Q4 25
$4.9M
Q3 25
$4.5M
$-74.1M
Q2 25
$3.8M
Q1 25
$3.2M
$-77.1M
Q4 24
$3.3M
Q3 24
$2.9M
$-88.1M
Q2 24
$2.8M
$-92.2M
Q1 24
$3.0M
$-81.4M
Operating Margin
FCAP
FCAP
RLAY
RLAY
Q4 25
Q3 25
41.8%
Q2 25
37.2%
Q1 25
34.2%
-1105.2%
Q4 24
34.8%
Q3 24
31.5%
Q2 24
31.1%
Q1 24
33.0%
-903.0%
Net Margin
FCAP
FCAP
RLAY
RLAY
Q4 25
36.2%
Q3 25
33.8%
Q2 25
30.4%
Q1 25
28.3%
-1003.6%
Q4 24
28.8%
Q3 24
26.5%
Q2 24
26.5%
Q1 24
28.1%
-813.3%
EPS (diluted)
FCAP
FCAP
RLAY
RLAY
Q4 25
$1.45
Q3 25
$1.34
$-0.43
Q2 25
$1.13
Q1 25
$0.97
$-0.46
Q4 24
$0.97
Q3 24
$0.87
$-0.63
Q2 24
$0.85
$-0.69
Q1 24
$0.88
$-0.62

Balance Sheet & Financial Strength

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

Metric
FCAP
FCAP
RLAY
RLAY
Cash + ST InvestmentsLiquidity on hand
$84.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$137.8M
$567.1M
Total Assets
$1.3B
$621.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCAP
FCAP
RLAY
RLAY
Q4 25
$84.0M
Q3 25
$91.6M
Q2 25
Q1 25
$93.5M
Q4 24
$124.3M
Q3 24
$152.4M
Q2 24
$134.1M
Q1 24
$152.9M
Stockholders' Equity
FCAP
FCAP
RLAY
RLAY
Q4 25
$137.8M
$567.1M
Q3 25
$132.4M
$607.7M
Q2 25
$123.2M
Q1 25
$120.1M
$721.1M
Q4 24
$114.6M
$777.8M
Q3 24
$116.8M
$838.9M
Q2 24
$107.8M
$681.7M
Q1 24
$105.7M
$745.8M
Total Assets
FCAP
FCAP
RLAY
RLAY
Q4 25
$1.3B
$621.3M
Q3 25
$1.2B
$670.0M
Q2 25
$1.2B
Q1 25
$1.2B
$799.4M
Q4 24
$1.2B
$871.3M
Q3 24
$1.2B
$930.1M
Q2 24
$1.2B
$772.5M
Q1 24
$1.2B
$841.4M

Cash Flow & Capital Efficiency

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

Metric
FCAP
FCAP
RLAY
RLAY
Operating Cash FlowLast quarter
$21.3M
$-235.5M
Free Cash FlowOCF − Capex
$19.9M
$-235.9M
FCF MarginFCF / Revenue
147.7%
-3370.0%
Capex IntensityCapex / Revenue
10.0%
5.9%
Cash ConversionOCF / Net Profit
4.36×
TTM Free Cash FlowTrailing 4 quarters
$35.3M
$-622.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCAP
FCAP
RLAY
RLAY
Q4 25
$21.3M
$-235.5M
Q3 25
$7.9M
$-62.1M
Q2 25
$3.7M
Q1 25
$4.4M
$-73.2M
Q4 24
$22.3M
$-249.1M
Q3 24
$7.6M
$-75.1M
Q2 24
$3.5M
$-65.8M
Q1 24
$7.2M
$-50.3M
Free Cash Flow
FCAP
FCAP
RLAY
RLAY
Q4 25
$19.9M
$-235.9M
Q3 25
$7.8M
$-62.1M
Q2 25
$3.5M
Q1 25
$4.2M
$-73.6M
Q4 24
$21.6M
$-251.1M
Q3 24
$7.5M
$-75.3M
Q2 24
$3.3M
$-65.8M
Q1 24
$7.1M
$-52.1M
FCF Margin
FCAP
FCAP
RLAY
RLAY
Q4 25
147.7%
-3370.0%
Q3 25
58.6%
Q2 25
27.8%
Q1 25
36.5%
-958.4%
Q4 24
190.7%
Q3 24
68.6%
Q2 24
31.2%
Q1 24
67.2%
-520.7%
Capex Intensity
FCAP
FCAP
RLAY
RLAY
Q4 25
10.0%
5.9%
Q3 25
1.2%
Q2 25
2.2%
Q1 25
1.9%
5.0%
Q4 24
6.3%
Q3 24
0.8%
Q2 24
1.4%
Q1 24
1.5%
17.8%
Cash Conversion
FCAP
FCAP
RLAY
RLAY
Q4 25
4.36×
Q3 25
1.77×
Q2 25
0.99×
Q1 25
1.36×
Q4 24
6.84×
Q3 24
2.62×
Q2 24
1.23×
Q1 24
2.45×

Financial Flow Comparison

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

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