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

Hippo Holdings Inc. is the larger business by last-quarter revenue ($120.4M vs $85.1M, roughly 1.4× 4D Molecular Therapeutics, Inc.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs 5.0%, a 17.8% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 18.2%). 4D Molecular Therapeutics, Inc. produced more free cash flow last quarter ($28.5M vs $9.1M). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 18.9%).

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.

Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.

FDMT vs HIPO — Head-to-Head

Bigger by revenue
HIPO
HIPO
1.4× larger
HIPO
$120.4M
$85.1M
FDMT
Growing faster (revenue YoY)
FDMT
FDMT
+8508881.8% gap
FDMT
8508900.0%
18.2%
HIPO
Higher net margin
FDMT
FDMT
17.8% more per $
FDMT
22.8%
5.0%
HIPO
More free cash flow
FDMT
FDMT
$19.4M more FCF
FDMT
$28.5M
$9.1M
HIPO
Faster 2-yr revenue CAGR
FDMT
FDMT
Annualised
FDMT
5412.6%
18.9%
HIPO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FDMT
FDMT
HIPO
HIPO
Revenue
$85.1M
$120.4M
Net Profit
$19.4M
$6.0M
Gross Margin
Operating Margin
17.3%
5.6%
Net Margin
22.8%
5.0%
Revenue YoY
8508900.0%
18.2%
Net Profit YoY
139.1%
-86.4%
EPS (diluted)
$0.43
$0.31

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
HIPO
HIPO
Q4 25
$85.1M
$120.4M
Q3 25
$90.0K
$120.6M
Q2 25
$15.0K
$117.3M
Q1 25
$14.0K
$110.3M
Q4 24
$1.0K
$101.9M
Q3 24
$3.0K
$95.5M
Q2 24
$5.0K
$89.6M
Q1 24
$28.0K
$85.1M
Net Profit
FDMT
FDMT
HIPO
HIPO
Q4 25
$19.4M
$6.0M
Q3 25
$-56.9M
$98.1M
Q2 25
$-54.7M
$1.3M
Q1 25
$-48.0M
$-47.7M
Q4 24
$44.2M
Q3 24
$-43.8M
$-8.5M
Q2 24
$-35.0M
$-40.5M
Q1 24
$-32.4M
$-35.7M
Operating Margin
FDMT
FDMT
HIPO
HIPO
Q4 25
17.3%
5.6%
Q3 25
-67983.3%
81.3%
Q2 25
-396373.3%
3.4%
Q1 25
-383007.1%
-41.3%
Q4 24
46.3%
Q3 24
-1704400.0%
-5.4%
Q2 24
-849120.0%
-40.7%
Q1 24
-136200.0%
-38.7%
Net Margin
FDMT
FDMT
HIPO
HIPO
Q4 25
22.8%
5.0%
Q3 25
-63195.6%
81.3%
Q2 25
-364386.7%
1.1%
Q1 25
-342657.1%
-43.2%
Q4 24
43.4%
Q3 24
-1461433.3%
-8.9%
Q2 24
-699060.0%
-45.2%
Q1 24
-115717.9%
-42.0%
EPS (diluted)
FDMT
FDMT
HIPO
HIPO
Q4 25
$0.43
$0.31
Q3 25
$-1.01
$3.77
Q2 25
$-0.98
$0.05
Q1 25
$-0.86
$-1.91
Q4 24
$1.81
Q3 24
$-0.79
$-0.34
Q2 24
$-0.63
$-1.64
Q1 24
$-0.66
$-1.47

Balance Sheet & Financial Strength

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

Metric
FDMT
FDMT
HIPO
HIPO
Cash + ST InvestmentsLiquidity on hand
$402.7M
$218.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$505.7M
$436.1M
Total Assets
$566.7M
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FDMT
FDMT
HIPO
HIPO
Q4 25
$402.7M
$218.3M
Q3 25
$305.1M
$247.7M
Q2 25
$293.2M
$198.9M
Q1 25
$321.4M
$140.9M
Q4 24
$424.9M
$197.6M
Q3 24
$501.9M
$191.2M
Q2 24
$541.9M
$175.9M
Q1 24
$525.9M
$223.4M
Stockholders' Equity
FDMT
FDMT
HIPO
HIPO
Q4 25
$505.7M
$436.1M
Q3 25
$369.0M
$421.5M
Q2 25
$420.9M
$332.5M
Q1 25
$469.7M
$322.8M
Q4 24
$510.6M
$362.1M
Q3 24
$552.9M
$326.4M
Q2 24
$588.3M
$322.6M
Q1 24
$600.6M
$351.2M
Total Assets
FDMT
FDMT
HIPO
HIPO
Q4 25
$566.7M
$1.9B
Q3 25
$424.0M
$1.9B
Q2 25
$473.6M
$1.7B
Q1 25
$515.7M
$1.5B
Q4 24
$560.4M
$1.5B
Q3 24
$604.0M
$1.5B
Q2 24
$620.1M
$1.5B
Q1 24
$629.9M
$1.5B

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
HIPO
HIPO
Operating Cash FlowLast quarter
$28.6M
$9.2M
Free Cash FlowOCF − Capex
$28.5M
$9.1M
FCF MarginFCF / Revenue
33.5%
7.6%
Capex IntensityCapex / Revenue
0.1%
0.1%
Cash ConversionOCF / Net Profit
1.47×
1.53×
TTM Free Cash FlowTrailing 4 quarters
$-109.9M
$14.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FDMT
FDMT
HIPO
HIPO
Q4 25
$28.6M
$9.2M
Q3 25
$-46.5M
$16.9M
Q2 25
$-43.4M
$24.7M
Q1 25
$-47.8M
$-35.6M
Q4 24
$-134.6M
$47.5M
Q3 24
$-29.4M
$46.8M
Q2 24
$-30.2M
$-10.6M
Q1 24
$-29.1M
$17.7M
Free Cash Flow
FDMT
FDMT
HIPO
HIPO
Q4 25
$28.5M
$9.1M
Q3 25
$-46.6M
$16.8M
Q2 25
$-43.4M
$24.6M
Q1 25
$-48.4M
$-35.7M
Q4 24
$-138.4M
$47.2M
Q3 24
$-31.2M
Q2 24
$-30.6M
$-10.7M
Q1 24
$-29.8M
$17.6M
FCF Margin
FDMT
FDMT
HIPO
HIPO
Q4 25
33.5%
7.6%
Q3 25
-51765.6%
13.9%
Q2 25
-289620.0%
21.0%
Q1 25
-345635.7%
-32.4%
Q4 24
-13837100.0%
46.3%
Q3 24
-1038966.7%
Q2 24
-611840.0%
-11.9%
Q1 24
-106421.4%
20.7%
Capex Intensity
FDMT
FDMT
HIPO
HIPO
Q4 25
0.1%
0.1%
Q3 25
101.1%
0.1%
Q2 25
440.0%
0.1%
Q1 25
4507.1%
0.1%
Q4 24
378600.0%
0.3%
Q3 24
59266.7%
0.0%
Q2 24
6980.0%
0.1%
Q1 24
2535.7%
0.1%
Cash Conversion
FDMT
FDMT
HIPO
HIPO
Q4 25
1.47×
1.53×
Q3 25
0.17×
Q2 25
19.00×
Q1 25
Q4 24
1.07×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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