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

Jefferson Capital, Inc. is the larger business by last-quarter revenue ($150.8M vs $85.1M, roughly 1.8× 4D Molecular Therapeutics, Inc.). Jefferson Capital, Inc. runs the higher net margin — 25.4% vs 22.8%, a 2.6% gap on every dollar of revenue. Jefferson Capital, Inc. produced more free cash flow last quarter ($63.0M vs $28.5M).

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.

GE Capital was the financial services division of General Electric. Its various units were sold between 2013 and 2021, including the notable spin-off of the North American consumer finance division as Synchrony Financial. Ultimately, only one division of the company remained, GE Energy Financial Services, which was transferred to GE Vernova when General Electric was broken up.

FDMT vs JCAP — Head-to-Head

Bigger by revenue
JCAP
JCAP
1.8× larger
JCAP
$150.8M
$85.1M
FDMT
Higher net margin
JCAP
JCAP
2.6% more per $
JCAP
25.4%
22.8%
FDMT
More free cash flow
JCAP
JCAP
$34.5M more FCF
JCAP
$63.0M
$28.5M
FDMT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FDMT
FDMT
JCAP
JCAP
Revenue
$85.1M
$150.8M
Net Profit
$19.4M
$38.4M
Gross Margin
Operating Margin
17.3%
46.4%
Net Margin
22.8%
25.4%
Revenue YoY
8508900.0%
Net Profit YoY
139.1%
EPS (diluted)
$0.43
$0.59

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
JCAP
JCAP
Q4 25
$85.1M
Q3 25
$90.0K
$150.8M
Q2 25
$15.0K
$152.7M
Q1 25
$14.0K
Q4 24
$1.0K
Q3 24
$3.0K
Q2 24
$5.0K
Q1 24
$28.0K
Net Profit
FDMT
FDMT
JCAP
JCAP
Q4 25
$19.4M
Q3 25
$-56.9M
$38.4M
Q2 25
$-54.7M
$47.7M
Q1 25
$-48.0M
Q4 24
Q3 24
$-43.8M
Q2 24
$-35.0M
Q1 24
$-32.4M
Operating Margin
FDMT
FDMT
JCAP
JCAP
Q4 25
17.3%
Q3 25
-67983.3%
46.4%
Q2 25
-396373.3%
56.7%
Q1 25
-383007.1%
Q4 24
Q3 24
-1704400.0%
Q2 24
-849120.0%
Q1 24
-136200.0%
Net Margin
FDMT
FDMT
JCAP
JCAP
Q4 25
22.8%
Q3 25
-63195.6%
25.4%
Q2 25
-364386.7%
31.2%
Q1 25
-342657.1%
Q4 24
Q3 24
-1461433.3%
Q2 24
-699060.0%
Q1 24
-115717.9%
EPS (diluted)
FDMT
FDMT
JCAP
JCAP
Q4 25
$0.43
Q3 25
$-1.01
$0.59
Q2 25
$-0.98
$16.76
Q1 25
$-0.86
Q4 24
Q3 24
$-0.79
Q2 24
$-0.63
Q1 24
$-0.66

Balance Sheet & Financial Strength

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

Metric
FDMT
FDMT
JCAP
JCAP
Cash + ST InvestmentsLiquidity on hand
$402.7M
$42.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$505.7M
$437.4M
Total Assets
$566.7M
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FDMT
FDMT
JCAP
JCAP
Q4 25
$402.7M
Q3 25
$305.1M
$42.3M
Q2 25
$293.2M
$51.7M
Q1 25
$321.4M
Q4 24
$424.9M
Q3 24
$501.9M
Q2 24
$541.9M
Q1 24
$525.9M
Stockholders' Equity
FDMT
FDMT
JCAP
JCAP
Q4 25
$505.7M
Q3 25
$369.0M
$437.4M
Q2 25
$420.9M
$410.8M
Q1 25
$469.7M
Q4 24
$510.6M
Q3 24
$552.9M
Q2 24
$588.3M
Q1 24
$600.6M
Total Assets
FDMT
FDMT
JCAP
JCAP
Q4 25
$566.7M
Q3 25
$424.0M
$1.8B
Q2 25
$473.6M
$1.8B
Q1 25
$515.7M
Q4 24
$560.4M
Q3 24
$604.0M
Q2 24
$620.1M
Q1 24
$629.9M

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
JCAP
JCAP
Operating Cash FlowLast quarter
$28.6M
$63.1M
Free Cash FlowOCF − Capex
$28.5M
$63.0M
FCF MarginFCF / Revenue
33.5%
41.7%
Capex IntensityCapex / Revenue
0.1%
0.1%
Cash ConversionOCF / Net Profit
1.47×
1.64×
TTM Free Cash FlowTrailing 4 quarters
$-109.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FDMT
FDMT
JCAP
JCAP
Q4 25
$28.6M
Q3 25
$-46.5M
$63.1M
Q2 25
$-43.4M
$130.6M
Q1 25
$-47.8M
Q4 24
$-134.6M
Q3 24
$-29.4M
Q2 24
$-30.2M
Q1 24
$-29.1M
Free Cash Flow
FDMT
FDMT
JCAP
JCAP
Q4 25
$28.5M
Q3 25
$-46.6M
$63.0M
Q2 25
$-43.4M
$130.0M
Q1 25
$-48.4M
Q4 24
$-138.4M
Q3 24
$-31.2M
Q2 24
$-30.6M
Q1 24
$-29.8M
FCF Margin
FDMT
FDMT
JCAP
JCAP
Q4 25
33.5%
Q3 25
-51765.6%
41.7%
Q2 25
-289620.0%
85.1%
Q1 25
-345635.7%
Q4 24
-13837100.0%
Q3 24
-1038966.7%
Q2 24
-611840.0%
Q1 24
-106421.4%
Capex Intensity
FDMT
FDMT
JCAP
JCAP
Q4 25
0.1%
Q3 25
101.1%
0.1%
Q2 25
440.0%
0.4%
Q1 25
4507.1%
Q4 24
378600.0%
Q3 24
59266.7%
Q2 24
6980.0%
Q1 24
2535.7%
Cash Conversion
FDMT
FDMT
JCAP
JCAP
Q4 25
1.47×
Q3 25
1.64×
Q2 25
2.74×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

FDMT
FDMT

Segment breakdown not available.

JCAP
JCAP

United States Segment$108.1M72%
Other$35.8M24%
United Kingdom Segment$6.9M5%

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