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Side-by-side financial comparison of 4D Molecular Therapeutics, Inc. (FDMT) and InvenTrust Properties Corp. (IVT). 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 $77.4M, roughly 1.1× InvenTrust Properties Corp.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs 3.4%, a 19.4% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 8.6%). InvenTrust Properties Corp. produced more free cash flow last quarter ($110.9M vs $28.5M). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 7.6%).

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.

InvenTrust Properties Corp. is a real estate investment trust that invests in shopping malls. As of December 31, 2024, the company owned interests in 68 properties comprising 11.0 million square feet.

FDMT vs IVT — Head-to-Head

Bigger by revenue
FDMT
FDMT
1.1× larger
FDMT
$85.1M
$77.4M
IVT
Growing faster (revenue YoY)
FDMT
FDMT
+8508891.4% gap
FDMT
8508900.0%
8.6%
IVT
Higher net margin
FDMT
FDMT
19.4% more per $
FDMT
22.8%
3.4%
IVT
More free cash flow
IVT
IVT
$82.4M more FCF
IVT
$110.9M
$28.5M
FDMT
Faster 2-yr revenue CAGR
FDMT
FDMT
Annualised
FDMT
5412.6%
7.6%
IVT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FDMT
FDMT
IVT
IVT
Revenue
$85.1M
$77.4M
Net Profit
$19.4M
$2.7M
Gross Margin
Operating Margin
17.3%
-11.0%
Net Margin
22.8%
3.4%
Revenue YoY
8508900.0%
8.6%
Net Profit YoY
139.1%
-72.8%
EPS (diluted)
$0.43
$0.02

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
IVT
IVT
Q4 25
$85.1M
$77.4M
Q3 25
$90.0K
$74.5M
Q2 25
$15.0K
$73.6M
Q1 25
$14.0K
$73.8M
Q4 24
$1.0K
$71.2M
Q3 24
$3.0K
$68.5M
Q2 24
$5.0K
$67.4M
Q1 24
$28.0K
$66.8M
Net Profit
FDMT
FDMT
IVT
IVT
Q4 25
$19.4M
$2.7M
Q3 25
$-56.9M
$6.0M
Q2 25
$-54.7M
$95.9M
Q1 25
$-48.0M
$6.8M
Q4 24
$9.8M
Q3 24
$-43.8M
$-539.0K
Q2 24
$-35.0M
$1.5M
Q1 24
$-32.4M
$2.9M
Operating Margin
FDMT
FDMT
IVT
IVT
Q4 25
17.3%
-11.0%
Q3 25
-67983.3%
-9.8%
Q2 25
-396373.3%
Q1 25
-383007.1%
-10.5%
Q4 24
-3.6%
Q3 24
-1704400.0%
-18.7%
Q2 24
-849120.0%
-13.6%
Q1 24
-136200.0%
-13.1%
Net Margin
FDMT
FDMT
IVT
IVT
Q4 25
22.8%
3.4%
Q3 25
-63195.6%
8.1%
Q2 25
-364386.7%
130.4%
Q1 25
-342657.1%
9.2%
Q4 24
13.8%
Q3 24
-1461433.3%
-0.8%
Q2 24
-699060.0%
2.2%
Q1 24
-115717.9%
4.3%
EPS (diluted)
FDMT
FDMT
IVT
IVT
Q4 25
$0.43
$0.02
Q3 25
$-1.01
$0.08
Q2 25
$-0.98
$1.23
Q1 25
$-0.86
$0.09
Q4 24
$0.14
Q3 24
$-0.79
$-0.01
Q2 24
$-0.63
$0.02
Q1 24
$-0.66
$0.04

Balance Sheet & Financial Strength

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

Metric
FDMT
FDMT
IVT
IVT
Cash + ST InvestmentsLiquidity on hand
$402.7M
Total DebtLower is stronger
$825.9M
Stockholders' EquityBook value
$505.7M
$1.8B
Total Assets
$566.7M
$2.8B
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FDMT
FDMT
IVT
IVT
Q4 25
$402.7M
Q3 25
$305.1M
Q2 25
$293.2M
Q1 25
$321.4M
Q4 24
$424.9M
Q3 24
$501.9M
Q2 24
$541.9M
Q1 24
$525.9M
Total Debt
FDMT
FDMT
IVT
IVT
Q4 25
$825.9M
Q3 25
$764.6M
Q2 25
$746.3M
Q1 25
$740.7M
Q4 24
$740.4M
Q3 24
$740.1M
Q2 24
$812.2M
Q1 24
$827.5M
Stockholders' Equity
FDMT
FDMT
IVT
IVT
Q4 25
$505.7M
$1.8B
Q3 25
$369.0M
$1.8B
Q2 25
$420.9M
$1.8B
Q1 25
$469.7M
$1.7B
Q4 24
$510.6M
$1.8B
Q3 24
$552.9M
$1.8B
Q2 24
$588.3M
$1.5B
Q1 24
$600.6M
$1.5B
Total Assets
FDMT
FDMT
IVT
IVT
Q4 25
$566.7M
$2.8B
Q3 25
$424.0M
$2.7B
Q2 25
$473.6M
$2.7B
Q1 25
$515.7M
$2.6B
Q4 24
$560.4M
$2.6B
Q3 24
$604.0M
$2.6B
Q2 24
$620.1M
$2.5B
Q1 24
$629.9M
$2.5B
Debt / Equity
FDMT
FDMT
IVT
IVT
Q4 25
0.46×
Q3 25
0.42×
Q2 25
0.41×
Q1 25
0.42×
Q4 24
0.42×
Q3 24
0.42×
Q2 24
0.53×
Q1 24
0.53×

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
IVT
IVT
Operating Cash FlowLast quarter
$28.6M
$155.4M
Free Cash FlowOCF − Capex
$28.5M
$110.9M
FCF MarginFCF / Revenue
33.5%
143.3%
Capex IntensityCapex / Revenue
0.1%
57.5%
Cash ConversionOCF / Net Profit
1.47×
58.41×
TTM Free Cash FlowTrailing 4 quarters
$-109.9M
$193.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FDMT
FDMT
IVT
IVT
Q4 25
$28.6M
$155.4M
Q3 25
$-46.5M
$43.8M
Q2 25
$-43.4M
$48.7M
Q1 25
$-47.8M
$20.2M
Q4 24
$-134.6M
$136.9M
Q3 24
$-29.4M
$38.4M
Q2 24
$-30.2M
$46.7M
Q1 24
$-29.1M
$14.8M
Free Cash Flow
FDMT
FDMT
IVT
IVT
Q4 25
$28.5M
$110.9M
Q3 25
$-46.6M
$31.4M
Q2 25
$-43.4M
$38.0M
Q1 25
$-48.4M
$12.8M
Q4 24
$-138.4M
$100.8M
Q3 24
$-31.2M
$29.3M
Q2 24
$-30.6M
$37.2M
Q1 24
$-29.8M
$7.7M
FCF Margin
FDMT
FDMT
IVT
IVT
Q4 25
33.5%
143.3%
Q3 25
-51765.6%
42.2%
Q2 25
-289620.0%
51.6%
Q1 25
-345635.7%
17.4%
Q4 24
-13837100.0%
141.5%
Q3 24
-1038966.7%
42.8%
Q2 24
-611840.0%
55.2%
Q1 24
-106421.4%
11.5%
Capex Intensity
FDMT
FDMT
IVT
IVT
Q4 25
0.1%
57.5%
Q3 25
101.1%
16.7%
Q2 25
440.0%
14.6%
Q1 25
4507.1%
10.0%
Q4 24
378600.0%
50.7%
Q3 24
59266.7%
13.3%
Q2 24
6980.0%
14.0%
Q1 24
2535.7%
10.6%
Cash Conversion
FDMT
FDMT
IVT
IVT
Q4 25
1.47×
58.41×
Q3 25
7.27×
Q2 25
0.51×
Q1 25
2.97×
Q4 24
13.97×
Q3 24
Q2 24
31.15×
Q1 24
5.10×

Financial Flow Comparison

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

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