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Side-by-side financial comparison of 4D Molecular Therapeutics, Inc. (FDMT) and INSTEEL INDUSTRIES INC (IIIN). Click either name above to swap in a different company.
INSTEEL INDUSTRIES INC is the larger business by last-quarter revenue ($159.9M vs $85.1M, roughly 1.9× 4D Molecular Therapeutics, Inc.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs 4.7%, a 18.0% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 23.3%). 4D Molecular Therapeutics, Inc. produced more free cash flow last quarter ($28.5M vs $-2.2M). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 12.0%).
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.
Insteel Industries Inc is a leading U.S. manufacturer of steel reinforcing products including welded wire reinforcement and steel fibers. It primarily serves non-residential construction, infrastructure, and precast concrete segments across North America, delivering high-performance reinforcement solutions for various construction projects.
FDMT vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $85.1M | $159.9M |
| Net Profit | $19.4M | $7.6M |
| Gross Margin | — | 11.3% |
| Operating Margin | 17.3% | 6.0% |
| Net Margin | 22.8% | 4.7% |
| Revenue YoY | 8508900.0% | 23.3% |
| Net Profit YoY | 139.1% | 602.4% |
| EPS (diluted) | $0.43 | $0.39 |
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.
| Q4 25 | $85.1M | $159.9M | ||
| Q3 25 | $90.0K | $177.4M | ||
| Q2 25 | $15.0K | $179.9M | ||
| Q1 25 | $14.0K | $160.7M | ||
| Q4 24 | $1.0K | $129.7M | ||
| Q3 24 | $3.0K | $134.3M | ||
| Q2 24 | $5.0K | $145.8M | ||
| Q1 24 | $28.0K | $127.4M |
| Q4 25 | $19.4M | $7.6M | ||
| Q3 25 | $-56.9M | $14.6M | ||
| Q2 25 | $-54.7M | $15.2M | ||
| Q1 25 | $-48.0M | $10.2M | ||
| Q4 24 | — | $1.1M | ||
| Q3 24 | $-43.8M | $4.7M | ||
| Q2 24 | $-35.0M | $6.6M | ||
| Q1 24 | $-32.4M | $6.9M |
| Q4 25 | — | 11.3% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | — | 17.1% | ||
| Q1 25 | — | 15.3% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | — | 10.6% | ||
| Q1 24 | — | 12.3% |
| Q4 25 | 17.3% | 6.0% | ||
| Q3 25 | -67983.3% | 10.8% | ||
| Q2 25 | -396373.3% | 11.0% | ||
| Q1 25 | -383007.1% | 8.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | -1704400.0% | 4.5% | ||
| Q2 24 | -849120.0% | 6.0% | ||
| Q1 24 | -136200.0% | 7.0% |
| Q4 25 | 22.8% | 4.7% | ||
| Q3 25 | -63195.6% | 8.2% | ||
| Q2 25 | -364386.7% | 8.4% | ||
| Q1 25 | -342657.1% | 6.4% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | -1461433.3% | 3.5% | ||
| Q2 24 | -699060.0% | 4.5% | ||
| Q1 24 | -115717.9% | 5.4% |
| Q4 25 | $0.43 | $0.39 | ||
| Q3 25 | $-1.01 | $0.74 | ||
| Q2 25 | $-0.98 | $0.78 | ||
| Q1 25 | $-0.86 | $0.52 | ||
| Q4 24 | — | $0.06 | ||
| Q3 24 | $-0.79 | $0.24 | ||
| Q2 24 | $-0.63 | $0.34 | ||
| Q1 24 | $-0.66 | $0.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $402.7M | $15.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $505.7M | $358.8M |
| Total Assets | $566.7M | $456.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $402.7M | $15.6M | ||
| Q3 25 | $305.1M | $38.6M | ||
| Q2 25 | $293.2M | $53.7M | ||
| Q1 25 | $321.4M | $28.4M | ||
| Q4 24 | $424.9M | $36.0M | ||
| Q3 24 | $501.9M | $111.5M | ||
| Q2 24 | $541.9M | $97.7M | ||
| Q1 24 | $525.9M | $83.9M |
| Q4 25 | $505.7M | $358.8M | ||
| Q3 25 | $369.0M | $371.5M | ||
| Q2 25 | $420.9M | $356.2M | ||
| Q1 25 | $469.7M | $341.4M | ||
| Q4 24 | $510.6M | $331.6M | ||
| Q3 24 | $552.9M | $350.9M | ||
| Q2 24 | $588.3M | $346.0M | ||
| Q1 24 | $600.6M | $340.6M |
| Q4 25 | $566.7M | $456.1M | ||
| Q3 25 | $424.0M | $462.6M | ||
| Q2 25 | $473.6M | $471.9M | ||
| Q1 25 | $515.7M | $421.9M | ||
| Q4 24 | $560.4M | $404.7M | ||
| Q3 24 | $604.0M | $422.6M | ||
| Q2 24 | $620.1M | $414.6M | ||
| Q1 24 | $629.9M | $397.2M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $28.6M | $-701.0K |
| Free Cash FlowOCF − Capex | $28.5M | $-2.2M |
| FCF MarginFCF / Revenue | 33.5% | -1.4% |
| Capex IntensityCapex / Revenue | 0.1% | 0.9% |
| Cash ConversionOCF / Net Profit | 1.47× | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $-109.9M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.6M | $-701.0K | ||
| Q3 25 | $-46.5M | $-17.0M | ||
| Q2 25 | $-43.4M | $28.5M | ||
| Q1 25 | $-47.8M | $-3.3M | ||
| Q4 24 | $-134.6M | $19.0M | ||
| Q3 24 | $-29.4M | $16.2M | ||
| Q2 24 | $-30.2M | $18.8M | ||
| Q1 24 | $-29.1M | $1.4M |
| Q4 25 | $28.5M | $-2.2M | ||
| Q3 25 | $-46.6M | $-18.7M | ||
| Q2 25 | $-43.4M | $26.9M | ||
| Q1 25 | $-48.4M | $-5.5M | ||
| Q4 24 | $-138.4M | $16.3M | ||
| Q3 24 | $-31.2M | $14.5M | ||
| Q2 24 | $-30.6M | $15.5M | ||
| Q1 24 | $-29.8M | $-580.0K |
| Q4 25 | 33.5% | -1.4% | ||
| Q3 25 | -51765.6% | -10.6% | ||
| Q2 25 | -289620.0% | 15.0% | ||
| Q1 25 | -345635.7% | -3.5% | ||
| Q4 24 | -13837100.0% | 12.6% | ||
| Q3 24 | -1038966.7% | 10.8% | ||
| Q2 24 | -611840.0% | 10.7% | ||
| Q1 24 | -106421.4% | -0.5% |
| Q4 25 | 0.1% | 0.9% | ||
| Q3 25 | 101.1% | 1.0% | ||
| Q2 25 | 440.0% | 0.9% | ||
| Q1 25 | 4507.1% | 1.4% | ||
| Q4 24 | 378600.0% | 2.1% | ||
| Q3 24 | 59266.7% | 1.3% | ||
| Q2 24 | 6980.0% | 2.2% | ||
| Q1 24 | 2535.7% | 1.5% |
| Q4 25 | 1.47× | -0.09× | ||
| Q3 25 | — | -1.17× | ||
| Q2 25 | — | 1.88× | ||
| Q1 25 | — | -0.32× | ||
| Q4 24 | — | 17.56× | ||
| Q3 24 | — | 3.48× | ||
| Q2 24 | — | 2.86× | ||
| Q1 24 | — | 0.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FDMT
Segment breakdown not available.
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
