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Side-by-side financial comparison of 4D Molecular Therapeutics, Inc. (FDMT) and First Foundation Inc. (FFWM). 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 $48.4M, roughly 1.8× First Foundation Inc.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs -97.9%, a 120.7% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 421.7%). 4D Molecular Therapeutics, Inc. produced more free cash flow last quarter ($28.5M vs $-35.2M). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs -2.7%).

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.

John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.

FDMT vs FFWM — Head-to-Head

Bigger by revenue
FDMT
FDMT
1.8× larger
FDMT
$85.1M
$48.4M
FFWM
Growing faster (revenue YoY)
FDMT
FDMT
+8508478.3% gap
FDMT
8508900.0%
421.7%
FFWM
Higher net margin
FDMT
FDMT
120.7% more per $
FDMT
22.8%
-97.9%
FFWM
More free cash flow
FDMT
FDMT
$63.7M more FCF
FDMT
$28.5M
$-35.2M
FFWM
Faster 2-yr revenue CAGR
FDMT
FDMT
Annualised
FDMT
5412.6%
-2.7%
FFWM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FDMT
FDMT
FFWM
FFWM
Revenue
$85.1M
$48.4M
Net Profit
$19.4M
$-8.0M
Gross Margin
Operating Margin
17.3%
-97.5%
Net Margin
22.8%
-97.9%
Revenue YoY
8508900.0%
421.7%
Net Profit YoY
139.1%
43.0%
EPS (diluted)
$0.43
$-0.09

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
FDMT
FDMT
FFWM
FFWM
Q4 25
$85.1M
$48.4M
Q3 25
$90.0K
$63.6M
Q2 25
$15.0K
$51.4M
Q1 25
$14.0K
$71.4M
Q4 24
$1.0K
$9.3M
Q3 24
$3.0K
$9.2M
Q2 24
$5.0K
$57.5M
Q1 24
$28.0K
$51.1M
Net Profit
FDMT
FDMT
FFWM
FFWM
Q4 25
$19.4M
$-8.0M
Q3 25
$-56.9M
$-146.3M
Q2 25
$-54.7M
$-7.7M
Q1 25
$-48.0M
$6.9M
Q4 24
$-14.1M
Q3 24
$-43.8M
$-82.2M
Q2 24
$-35.0M
$3.1M
Q1 24
$-32.4M
$793.0K
Operating Margin
FDMT
FDMT
FFWM
FFWM
Q4 25
17.3%
-97.5%
Q3 25
-67983.3%
-92.7%
Q2 25
-396373.3%
-21.1%
Q1 25
-383007.1%
8.8%
Q4 24
-247.7%
Q3 24
-1704400.0%
-1276.7%
Q2 24
-849120.0%
4.6%
Q1 24
-136200.0%
-0.2%
Net Margin
FDMT
FDMT
FFWM
FFWM
Q4 25
22.8%
-97.9%
Q3 25
-63195.6%
-230.1%
Q2 25
-364386.7%
-15.0%
Q1 25
-342657.1%
9.7%
Q4 24
-152.2%
Q3 24
-1461433.3%
-896.9%
Q2 24
-699060.0%
5.4%
Q1 24
-115717.9%
1.6%
EPS (diluted)
FDMT
FDMT
FFWM
FFWM
Q4 25
$0.43
$-0.09
Q3 25
$-1.01
$-1.78
Q2 25
$-0.98
$-0.09
Q1 25
$-0.86
$0.08
Q4 24
$-0.24
Q3 24
$-0.79
$-1.23
Q2 24
$-0.63
$0.05
Q1 24
$-0.66
$0.01

Balance Sheet & Financial Strength

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

Metric
FDMT
FDMT
FFWM
FFWM
Cash + ST InvestmentsLiquidity on hand
$402.7M
$1.6B
Total DebtLower is stronger
Stockholders' EquityBook value
$505.7M
$912.6M
Total Assets
$566.7M
$11.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FDMT
FDMT
FFWM
FFWM
Q4 25
$402.7M
$1.6B
Q3 25
$305.1M
$1.7B
Q2 25
$293.2M
$1.1B
Q1 25
$321.4M
$1.0B
Q4 24
$424.9M
$1.0B
Q3 24
$501.9M
$1.1B
Q2 24
$541.9M
$1.4B
Q1 24
$525.9M
$1.6B
Stockholders' Equity
FDMT
FDMT
FFWM
FFWM
Q4 25
$505.7M
$912.6M
Q3 25
$369.0M
$917.9M
Q2 25
$420.9M
$1.1B
Q1 25
$469.7M
$1.1B
Q4 24
$510.6M
$1.1B
Q3 24
$552.9M
$1.1B
Q2 24
$588.3M
$933.2M
Q1 24
$600.6M
$928.7M
Total Assets
FDMT
FDMT
FFWM
FFWM
Q4 25
$566.7M
$11.9B
Q3 25
$424.0M
$11.9B
Q2 25
$473.6M
$11.6B
Q1 25
$515.7M
$12.6B
Q4 24
$560.4M
$12.6B
Q3 24
$604.0M
$13.4B
Q2 24
$620.1M
$13.7B
Q1 24
$629.9M
$13.6B

Cash Flow & Capital Efficiency

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

Metric
FDMT
FDMT
FFWM
FFWM
Operating Cash FlowLast quarter
$28.6M
$-31.9M
Free Cash FlowOCF − Capex
$28.5M
$-35.2M
FCF MarginFCF / Revenue
33.5%
-72.8%
Capex IntensityCapex / Revenue
0.1%
6.9%
Cash ConversionOCF / Net Profit
1.47×
TTM Free Cash FlowTrailing 4 quarters
$-109.9M
$-45.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FDMT
FDMT
FFWM
FFWM
Q4 25
$28.6M
$-31.9M
Q3 25
$-46.5M
$9.2M
Q2 25
$-43.4M
$-16.3M
Q1 25
$-47.8M
$-552.0K
Q4 24
$-134.6M
$-8.7M
Q3 24
$-29.4M
$14.2M
Q2 24
$-30.2M
$-9.1M
Q1 24
$-29.1M
$7.2M
Free Cash Flow
FDMT
FDMT
FFWM
FFWM
Q4 25
$28.5M
$-35.2M
Q3 25
$-46.6M
$8.6M
Q2 25
$-43.4M
$-16.7M
Q1 25
$-48.4M
$-2.5M
Q4 24
$-138.4M
$-11.4M
Q3 24
$-31.2M
$13.4M
Q2 24
$-30.6M
$-9.4M
Q1 24
$-29.8M
$5.9M
FCF Margin
FDMT
FDMT
FFWM
FFWM
Q4 25
33.5%
-72.8%
Q3 25
-51765.6%
13.5%
Q2 25
-289620.0%
-32.4%
Q1 25
-345635.7%
-3.5%
Q4 24
-13837100.0%
-123.5%
Q3 24
-1038966.7%
146.2%
Q2 24
-611840.0%
-16.3%
Q1 24
-106421.4%
11.6%
Capex Intensity
FDMT
FDMT
FFWM
FFWM
Q4 25
0.1%
6.9%
Q3 25
101.1%
1.0%
Q2 25
440.0%
0.8%
Q1 25
4507.1%
2.8%
Q4 24
378600.0%
29.4%
Q3 24
59266.7%
9.0%
Q2 24
6980.0%
0.4%
Q1 24
2535.7%
2.5%
Cash Conversion
FDMT
FDMT
FFWM
FFWM
Q4 25
1.47×
Q3 25
Q2 25
Q1 25
-0.08×
Q4 24
Q3 24
Q2 24
-2.96×
Q1 24
9.09×

Financial Flow Comparison

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

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