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Side-by-side financial comparison of FIRST COMMONWEALTH FINANCIAL CORP (FCF) and 4D Molecular Therapeutics, Inc. (FDMT). Click either name above to swap in a different company.

FIRST COMMONWEALTH FINANCIAL CORP is the larger business by last-quarter revenue ($133.7M vs $85.1M, roughly 1.6× 4D Molecular Therapeutics, Inc.). FIRST COMMONWEALTH FINANCIAL CORP runs the higher net margin — 28.1% vs 22.8%, a 5.3% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 13.0%). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 5.5%).

First Commonwealth Financial Corp is a Pennsylvania-based regional financial services holding company. It offers consumer and commercial banking products, loans, wealth management, and insurance services for individuals, small and mid-sized enterprises across central and western Pennsylvania and Ohio.

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.

FCF vs FDMT — Head-to-Head

Bigger by revenue
FCF
FCF
1.6× larger
FCF
$133.7M
$85.1M
FDMT
Growing faster (revenue YoY)
FDMT
FDMT
+8508887.0% gap
FDMT
8508900.0%
13.0%
FCF
Higher net margin
FCF
FCF
5.3% more per $
FCF
28.1%
22.8%
FDMT
Faster 2-yr revenue CAGR
FDMT
FDMT
Annualised
FDMT
5412.6%
5.5%
FCF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FCF
FCF
FDMT
FDMT
Revenue
$133.7M
$85.1M
Net Profit
$37.5M
$19.4M
Gross Margin
Operating Margin
17.3%
Net Margin
28.1%
22.8%
Revenue YoY
13.0%
8508900.0%
Net Profit YoY
14.8%
139.1%
EPS (diluted)
$0.37
$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
FCF
FCF
FDMT
FDMT
Q1 26
$133.7M
Q4 25
$137.9M
$85.1M
Q3 25
$136.0M
$90.0K
Q2 25
$131.0M
$15.0K
Q1 25
$118.0M
$14.0K
Q4 24
$120.4M
$1.0K
Q3 24
$121.2M
$3.0K
Q2 24
$120.2M
$5.0K
Net Profit
FCF
FCF
FDMT
FDMT
Q1 26
$37.5M
Q4 25
$44.9M
$19.4M
Q3 25
$41.3M
$-56.9M
Q2 25
$33.4M
$-54.7M
Q1 25
$32.7M
$-48.0M
Q4 24
$35.8M
Q3 24
$32.1M
$-43.8M
Q2 24
$37.1M
$-35.0M
Operating Margin
FCF
FCF
FDMT
FDMT
Q1 26
Q4 25
40.9%
17.3%
Q3 25
38.1%
-67983.3%
Q2 25
32.1%
-396373.3%
Q1 25
34.8%
-383007.1%
Q4 24
37.1%
Q3 24
33.4%
-1704400.0%
Q2 24
38.7%
-849120.0%
Net Margin
FCF
FCF
FDMT
FDMT
Q1 26
28.1%
Q4 25
32.5%
22.8%
Q3 25
30.4%
-63195.6%
Q2 25
25.5%
-364386.7%
Q1 25
27.7%
-342657.1%
Q4 24
29.8%
Q3 24
26.5%
-1461433.3%
Q2 24
30.9%
-699060.0%
EPS (diluted)
FCF
FCF
FDMT
FDMT
Q1 26
$0.37
Q4 25
$0.44
$0.43
Q3 25
$0.39
$-1.01
Q2 25
$0.32
$-0.98
Q1 25
$0.32
$-0.86
Q4 24
$0.35
Q3 24
$0.31
$-0.79
Q2 24
$0.36
$-0.63

Balance Sheet & Financial Strength

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

Metric
FCF
FCF
FDMT
FDMT
Cash + ST InvestmentsLiquidity on hand
$402.7M
Total DebtLower is stronger
$154.9M
Stockholders' EquityBook value
$1.6B
$505.7M
Total Assets
$12.3B
$566.7M
Debt / EquityLower = less leverage
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCF
FCF
FDMT
FDMT
Q1 26
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
Total Debt
FCF
FCF
FDMT
FDMT
Q1 26
$154.9M
Q4 25
$261.7M
Q3 25
$262.1M
Q2 25
$262.4M
Q1 25
$262.7M
Q4 24
$263.0M
Q3 24
$136.3M
Q2 24
$136.6M
Stockholders' Equity
FCF
FCF
FDMT
FDMT
Q1 26
$1.6B
Q4 25
$1.6B
$505.7M
Q3 25
$1.5B
$369.0M
Q2 25
$1.5B
$420.9M
Q1 25
$1.4B
$469.7M
Q4 24
$1.4B
$510.6M
Q3 24
$1.4B
$552.9M
Q2 24
$1.4B
$588.3M
Total Assets
FCF
FCF
FDMT
FDMT
Q1 26
$12.3B
Q4 25
$12.3B
$566.7M
Q3 25
$12.3B
$424.0M
Q2 25
$12.2B
$473.6M
Q1 25
$11.8B
$515.7M
Q4 24
$11.6B
$560.4M
Q3 24
$12.0B
$604.0M
Q2 24
$11.6B
$620.1M
Debt / Equity
FCF
FCF
FDMT
FDMT
Q1 26
0.10×
Q4 25
0.17×
Q3 25
0.17×
Q2 25
0.17×
Q1 25
0.18×
Q4 24
0.19×
Q3 24
0.10×
Q2 24
0.10×

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCF
FCF
FDMT
FDMT
Q1 26
Q4 25
$187.5M
$28.6M
Q3 25
$49.5M
$-46.5M
Q2 25
$30.4M
$-43.4M
Q1 25
$55.9M
$-47.8M
Q4 24
$129.5M
$-134.6M
Q3 24
$53.6M
$-29.4M
Q2 24
$22.7M
$-30.2M
Free Cash Flow
FCF
FCF
FDMT
FDMT
Q1 26
Q4 25
$171.5M
$28.5M
Q3 25
$-46.6M
Q2 25
$-43.4M
Q1 25
$-48.4M
Q4 24
$113.9M
$-138.4M
Q3 24
$-31.2M
Q2 24
$-30.6M
FCF Margin
FCF
FCF
FDMT
FDMT
Q1 26
Q4 25
124.3%
33.5%
Q3 25
-51765.6%
Q2 25
-289620.0%
Q1 25
-345635.7%
Q4 24
94.6%
-13837100.0%
Q3 24
-1038966.7%
Q2 24
-611840.0%
Capex Intensity
FCF
FCF
FDMT
FDMT
Q1 26
Q4 25
11.7%
0.1%
Q3 25
101.1%
Q2 25
440.0%
Q1 25
4507.1%
Q4 24
12.9%
378600.0%
Q3 24
59266.7%
Q2 24
6980.0%
Cash Conversion
FCF
FCF
FDMT
FDMT
Q1 26
Q4 25
4.18×
1.47×
Q3 25
1.20×
Q2 25
0.91×
Q1 25
1.71×
Q4 24
3.61×
Q3 24
1.67×
Q2 24
0.61×

Financial Flow Comparison

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

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