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Side-by-side financial comparison of 4D Molecular Therapeutics, Inc. (FDMT) and Primis Financial Corp. (FRST). 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 $45.6M, roughly 1.9× Primis Financial Corp.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs 16.0%, a 6.8% gap on every dollar of revenue. Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 13.0%).

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.

Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.

FDMT vs FRST — Head-to-Head

Bigger by revenue
FDMT
FDMT
1.9× larger
FDMT
$85.1M
$45.6M
FRST
Higher net margin
FDMT
FDMT
6.8% more per $
FDMT
22.8%
16.0%
FRST
Faster 2-yr revenue CAGR
FDMT
FDMT
Annualised
FDMT
5412.6%
13.0%
FRST

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FDMT
FDMT
FRST
FRST
Revenue
$85.1M
$45.6M
Net Profit
$19.4M
$7.3M
Gross Margin
Operating Margin
17.3%
Net Margin
22.8%
16.0%
Revenue YoY
8508900.0%
Net Profit YoY
139.1%
200.0%
EPS (diluted)
$0.43
$0.30

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
FRST
FRST
Q1 26
$45.6M
Q4 25
$85.1M
$80.9M
Q3 25
$90.0K
$41.0M
Q2 25
$15.0K
$43.2M
Q1 25
$14.0K
$58.7M
Q4 24
$1.0K
$38.8M
Q3 24
$3.0K
$37.3M
Q2 24
$5.0K
$35.7M
Net Profit
FDMT
FDMT
FRST
FRST
Q1 26
$7.3M
Q4 25
$19.4M
$29.5M
Q3 25
$-56.9M
$6.8M
Q2 25
$-54.7M
$2.4M
Q1 25
$-48.0M
$22.6M
Q4 24
$-26.2M
Q3 24
$-43.8M
$1.2M
Q2 24
$-35.0M
$3.4M
Operating Margin
FDMT
FDMT
FRST
FRST
Q1 26
Q4 25
17.3%
44.8%
Q3 25
-67983.3%
21.3%
Q2 25
-396373.3%
6.9%
Q1 25
-383007.1%
41.9%
Q4 24
-123.0%
Q3 24
-1704400.0%
-3.1%
Q2 24
-849120.0%
7.8%
Net Margin
FDMT
FDMT
FRST
FRST
Q1 26
16.0%
Q4 25
22.8%
36.5%
Q3 25
-63195.6%
16.7%
Q2 25
-364386.7%
5.6%
Q1 25
-342657.1%
38.6%
Q4 24
-100.3%
Q3 24
-1461433.3%
3.3%
Q2 24
-699060.0%
9.6%
EPS (diluted)
FDMT
FDMT
FRST
FRST
Q1 26
$0.30
Q4 25
$0.43
$1.19
Q3 25
$-1.01
$0.28
Q2 25
$-0.98
$0.10
Q1 25
$-0.86
$0.92
Q4 24
$-0.95
Q3 24
$-0.79
$0.05
Q2 24
$-0.63
$0.14

Balance Sheet & Financial Strength

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

Metric
FDMT
FDMT
FRST
FRST
Cash + ST InvestmentsLiquidity on hand
$402.7M
$159.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$505.7M
$427.2M
Total Assets
$566.7M
$4.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FDMT
FDMT
FRST
FRST
Q1 26
$159.9M
Q4 25
$402.7M
$143.6M
Q3 25
$305.1M
$63.9M
Q2 25
$293.2M
$94.1M
Q1 25
$321.4M
$57.0M
Q4 24
$424.9M
$64.5M
Q3 24
$501.9M
$77.3M
Q2 24
$541.9M
$66.6M
Stockholders' Equity
FDMT
FDMT
FRST
FRST
Q1 26
$427.2M
Q4 25
$505.7M
$422.9M
Q3 25
$369.0M
$382.2M
Q2 25
$420.9M
$376.4M
Q1 25
$469.7M
$375.6M
Q4 24
$510.6M
$351.8M
Q3 24
$552.9M
$381.0M
Q2 24
$588.3M
$376.0M
Total Assets
FDMT
FDMT
FRST
FRST
Q1 26
$4.3B
Q4 25
$566.7M
$4.0B
Q3 25
$424.0M
$4.0B
Q2 25
$473.6M
$3.9B
Q1 25
$515.7M
$3.7B
Q4 24
$560.4M
$3.7B
Q3 24
$604.0M
$4.0B
Q2 24
$620.1M
$4.0B

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
FRST
FRST
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
FDMT
FDMT
FRST
FRST
Q1 26
Q4 25
$28.6M
$10.8M
Q3 25
$-46.5M
$-11.4M
Q2 25
$-43.4M
$-41.0M
Q1 25
$-47.8M
$34.4M
Q4 24
$-134.6M
$19.5M
Q3 24
$-29.4M
$6.1M
Q2 24
$-30.2M
$52.3M
Free Cash Flow
FDMT
FDMT
FRST
FRST
Q1 26
Q4 25
$28.5M
$9.0M
Q3 25
$-46.6M
Q2 25
$-43.4M
Q1 25
$-48.4M
Q4 24
$-138.4M
$18.3M
Q3 24
$-31.2M
Q2 24
$-30.6M
FCF Margin
FDMT
FDMT
FRST
FRST
Q1 26
Q4 25
33.5%
11.2%
Q3 25
-51765.6%
Q2 25
-289620.0%
Q1 25
-345635.7%
Q4 24
-13837100.0%
47.3%
Q3 24
-1038966.7%
Q2 24
-611840.0%
Capex Intensity
FDMT
FDMT
FRST
FRST
Q1 26
Q4 25
0.1%
2.1%
Q3 25
101.1%
Q2 25
440.0%
Q1 25
4507.1%
Q4 24
378600.0%
3.1%
Q3 24
59266.7%
0.0%
Q2 24
6980.0%
0.0%
Cash Conversion
FDMT
FDMT
FRST
FRST
Q1 26
Q4 25
1.47×
0.36×
Q3 25
-1.67×
Q2 25
-16.82×
Q1 25
1.52×
Q4 24
Q3 24
4.93×
Q2 24
15.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FDMT
FDMT

Segment breakdown not available.

FRST
FRST

Net Interest Income$32.1M70%
Noninterest Income$13.6M30%

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