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Side-by-side financial comparison of 4D Molecular Therapeutics, Inc. (FDMT) and FIRSTSUN CAPITAL BANCORP (FSUN). Click either name above to swap in a different company.

FIRSTSUN CAPITAL BANCORP is the larger business by last-quarter revenue ($110.0M vs $85.1M, roughly 1.3× 4D Molecular Therapeutics, Inc.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs 19.6%, a 3.2% gap on every dollar of revenue. Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 6.9%).

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.

FirstSun Capital Bancorp is a U.S.-headquartered financial holding company that offers a comprehensive range of banking and financial services, including commercial and consumer lending, deposit products, wealth management, and treasury solutions. It mainly serves individual customers, small and medium-sized enterprises, and corporate clients across U.S. regional markets.

FDMT vs FSUN — Head-to-Head

Bigger by revenue
FSUN
FSUN
1.3× larger
FSUN
$110.0M
$85.1M
FDMT
Higher net margin
FDMT
FDMT
3.2% more per $
FDMT
22.8%
19.6%
FSUN
Faster 2-yr revenue CAGR
FDMT
FDMT
Annualised
FDMT
5412.6%
6.9%
FSUN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FDMT
FDMT
FSUN
FSUN
Revenue
$85.1M
$110.0M
Net Profit
$19.4M
$21.6M
Gross Margin
Operating Margin
17.3%
Net Margin
22.8%
19.6%
Revenue YoY
8508900.0%
Net Profit YoY
139.1%
-8.4%
EPS (diluted)
$0.43
$0.76

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
FSUN
FSUN
Q1 26
$110.0M
Q4 25
$85.1M
$110.2M
Q3 25
$90.0K
$107.3M
Q2 25
$15.0K
$105.6M
Q1 25
$14.0K
$96.2M
Q4 24
$1.0K
$98.7M
Q3 24
$3.0K
$98.2M
Q2 24
$5.0K
$96.2M
Net Profit
FDMT
FDMT
FSUN
FSUN
Q1 26
$21.6M
Q4 25
$19.4M
$24.8M
Q3 25
$-56.9M
$23.2M
Q2 25
$-54.7M
$26.4M
Q1 25
$-48.0M
$23.6M
Q4 24
$16.4M
Q3 24
$-43.8M
$22.4M
Q2 24
$-35.0M
$24.6M
Operating Margin
FDMT
FDMT
FSUN
FSUN
Q1 26
Q4 25
17.3%
29.0%
Q3 25
-67983.3%
26.4%
Q2 25
-396373.3%
31.2%
Q1 25
-383007.1%
30.9%
Q4 24
20.4%
Q3 24
-1704400.0%
29.1%
Q2 24
-849120.0%
32.3%
Net Margin
FDMT
FDMT
FSUN
FSUN
Q1 26
19.6%
Q4 25
22.8%
22.5%
Q3 25
-63195.6%
21.6%
Q2 25
-364386.7%
25.0%
Q1 25
-342657.1%
24.5%
Q4 24
16.6%
Q3 24
-1461433.3%
22.8%
Q2 24
-699060.0%
25.5%
EPS (diluted)
FDMT
FDMT
FSUN
FSUN
Q1 26
$0.76
Q4 25
$0.43
$0.89
Q3 25
$-1.01
$0.82
Q2 25
$-0.98
$0.93
Q1 25
$-0.86
$0.83
Q4 24
$0.57
Q3 24
$-0.79
$0.79
Q2 24
$-0.63
$0.88

Balance Sheet & Financial Strength

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

Metric
FDMT
FDMT
FSUN
FSUN
Cash + ST InvestmentsLiquidity on hand
$402.7M
$413.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$505.7M
$1.2B
Total Assets
$566.7M
$8.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FDMT
FDMT
FSUN
FSUN
Q1 26
$413.7M
Q4 25
$402.7M
$652.6M
Q3 25
$305.1M
$659.9M
Q2 25
$293.2M
$785.1M
Q1 25
$321.4M
$621.4M
Q4 24
$424.9M
$615.9M
Q3 24
$501.9M
$573.7M
Q2 24
$541.9M
$535.8M
Stockholders' Equity
FDMT
FDMT
FSUN
FSUN
Q1 26
$1.2B
Q4 25
$505.7M
$1.2B
Q3 25
$369.0M
$1.1B
Q2 25
$420.9M
$1.1B
Q1 25
$469.7M
$1.1B
Q4 24
$510.6M
$1.0B
Q3 24
$552.9M
$1.0B
Q2 24
$588.3M
$996.6M
Total Assets
FDMT
FDMT
FSUN
FSUN
Q1 26
$8.6B
Q4 25
$566.7M
$8.5B
Q3 25
$424.0M
$8.5B
Q2 25
$473.6M
$8.4B
Q1 25
$515.7M
$8.2B
Q4 24
$560.4M
$8.1B
Q3 24
$604.0M
$8.1B
Q2 24
$620.1M
$8.0B

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
FSUN
FSUN
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
FSUN
FSUN
Q1 26
Q4 25
$28.6M
$111.5M
Q3 25
$-46.5M
$49.4M
Q2 25
$-43.4M
$15.0M
Q1 25
$-47.8M
$26.4M
Q4 24
$-134.6M
$101.1M
Q3 24
$-29.4M
$48.1M
Q2 24
$-30.2M
$20.9M
Free Cash Flow
FDMT
FDMT
FSUN
FSUN
Q1 26
Q4 25
$28.5M
$104.0M
Q3 25
$-46.6M
$47.6M
Q2 25
$-43.4M
$13.0M
Q1 25
$-48.4M
$24.3M
Q4 24
$-138.4M
$95.7M
Q3 24
$-31.2M
$47.1M
Q2 24
$-30.6M
$19.9M
FCF Margin
FDMT
FDMT
FSUN
FSUN
Q1 26
Q4 25
33.5%
94.3%
Q3 25
-51765.6%
44.4%
Q2 25
-289620.0%
12.3%
Q1 25
-345635.7%
25.3%
Q4 24
-13837100.0%
97.0%
Q3 24
-1038966.7%
47.9%
Q2 24
-611840.0%
20.6%
Capex Intensity
FDMT
FDMT
FSUN
FSUN
Q1 26
Q4 25
0.1%
6.8%
Q3 25
101.1%
1.6%
Q2 25
440.0%
1.9%
Q1 25
4507.1%
2.1%
Q4 24
378600.0%
5.5%
Q3 24
59266.7%
1.1%
Q2 24
6980.0%
1.1%
Cash Conversion
FDMT
FDMT
FSUN
FSUN
Q1 26
Q4 25
1.47×
4.49×
Q3 25
2.13×
Q2 25
0.57×
Q1 25
1.12×
Q4 24
6.18×
Q3 24
2.15×
Q2 24
0.85×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FDMT
FDMT

Segment breakdown not available.

FSUN
FSUN

Net Interest Income$82.8M75%
Noninterest Income$27.2M25%

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