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Side-by-side financial comparison of 4D Molecular Therapeutics, Inc. (FDMT) and KINGSTONE COMPANIES, INC. (KINS). 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 $56.4M, roughly 1.5× KINGSTONE COMPANIES, INC.). KINGSTONE COMPANIES, INC. runs the higher net margin — 26.2% vs 22.8%, a 3.4% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 34.0%). KINGSTONE COMPANIES, INC. produced more free cash flow last quarter ($73.1M vs $28.5M). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 25.6%).

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.

Kingstone Companies, Inc., headquartered in Kingston, New York, provides property and casualty insurance products through its subsidiary, Kingstone Insurance Company. It places contracts with the third-party licensed premium finance company through its subsidiary Payments, Inc., a NYS licensed Insurance Premium Finance Company. Kingstone Insurance Company was ranked #1 of the 81 insurers rated by the Professional Insurance Agents Association in its 2010 Company Performance Survey. The company...

FDMT vs KINS — Head-to-Head

Bigger by revenue
FDMT
FDMT
1.5× larger
FDMT
$85.1M
$56.4M
KINS
Growing faster (revenue YoY)
FDMT
FDMT
+8508866.0% gap
FDMT
8508900.0%
34.0%
KINS
Higher net margin
KINS
KINS
3.4% more per $
KINS
26.2%
22.8%
FDMT
More free cash flow
KINS
KINS
$44.6M more FCF
KINS
$73.1M
$28.5M
FDMT
Faster 2-yr revenue CAGR
FDMT
FDMT
Annualised
FDMT
5412.6%
25.6%
KINS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FDMT
FDMT
KINS
KINS
Revenue
$85.1M
$56.4M
Net Profit
$19.4M
$14.8M
Gross Margin
Operating Margin
17.3%
32.7%
Net Margin
22.8%
26.2%
Revenue YoY
8508900.0%
34.0%
Net Profit YoY
139.1%
171.4%
EPS (diluted)
$0.43
$1.09

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
KINS
KINS
Q4 25
$85.1M
$56.4M
Q3 25
$90.0K
$55.7M
Q2 25
$15.0K
$52.3M
Q1 25
$14.0K
$50.5M
Q4 24
$1.0K
$42.1M
Q3 24
$3.0K
$40.8M
Q2 24
$5.0K
$36.5M
Q1 24
$28.0K
$35.8M
Net Profit
FDMT
FDMT
KINS
KINS
Q4 25
$19.4M
$14.8M
Q3 25
$-56.9M
$10.9M
Q2 25
$-54.7M
$11.3M
Q1 25
$-48.0M
$3.9M
Q4 24
$5.4M
Q3 24
$-43.8M
$7.0M
Q2 24
$-35.0M
$4.5M
Q1 24
$-32.4M
$1.4M
Operating Margin
FDMT
FDMT
KINS
KINS
Q4 25
17.3%
32.7%
Q3 25
-67983.3%
24.6%
Q2 25
-396373.3%
27.1%
Q1 25
-383007.1%
9.3%
Q4 24
15.9%
Q3 24
-1704400.0%
22.3%
Q2 24
-849120.0%
15.7%
Q1 24
-136200.0%
5.0%
Net Margin
FDMT
FDMT
KINS
KINS
Q4 25
22.8%
26.2%
Q3 25
-63195.6%
19.5%
Q2 25
-364386.7%
21.5%
Q1 25
-342657.1%
7.7%
Q4 24
12.9%
Q3 24
-1461433.3%
17.1%
Q2 24
-699060.0%
12.4%
Q1 24
-115717.9%
4.0%
EPS (diluted)
FDMT
FDMT
KINS
KINS
Q4 25
$0.43
$1.09
Q3 25
$-1.01
$0.74
Q2 25
$-0.98
$0.78
Q1 25
$-0.86
$0.27
Q4 24
$0.44
Q3 24
$-0.79
$0.55
Q2 24
$-0.63
$0.37
Q1 24
$-0.66
$0.12

Balance Sheet & Financial Strength

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

Metric
FDMT
FDMT
KINS
KINS
Cash + ST InvestmentsLiquidity on hand
$402.7M
Total DebtLower is stronger
$4.4M
Stockholders' EquityBook value
$505.7M
$122.7M
Total Assets
$566.7M
$453.4M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FDMT
FDMT
KINS
KINS
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
KINS
KINS
Q4 25
$4.4M
Q3 25
$4.8M
Q2 25
$5.1M
Q1 25
$5.4M
Q4 24
$11.2M
Q3 24
$17.3M
Q2 24
$25.3M
Q1 24
$25.3M
Stockholders' Equity
FDMT
FDMT
KINS
KINS
Q4 25
$505.7M
$122.7M
Q3 25
$369.0M
$107.7M
Q2 25
$420.9M
$94.9M
Q1 25
$469.7M
$82.2M
Q4 24
$510.6M
$66.7M
Q3 24
$552.9M
$59.7M
Q2 24
$588.3M
$40.8M
Q1 24
$600.6M
$35.7M
Total Assets
FDMT
FDMT
KINS
KINS
Q4 25
$566.7M
$453.4M
Q3 25
$424.0M
$428.6M
Q2 25
$473.6M
$393.4M
Q1 25
$515.7M
$385.4M
Q4 24
$560.4M
$374.9M
Q3 24
$604.0M
$347.0M
Q2 24
$620.1M
$319.8M
Q1 24
$629.9M
$318.3M
Debt / Equity
FDMT
FDMT
KINS
KINS
Q4 25
0.04×
Q3 25
0.04×
Q2 25
0.05×
Q1 25
0.07×
Q4 24
0.17×
Q3 24
0.29×
Q2 24
0.62×
Q1 24
0.71×

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
KINS
KINS
Operating Cash FlowLast quarter
$28.6M
$75.9M
Free Cash FlowOCF − Capex
$28.5M
$73.1M
FCF MarginFCF / Revenue
33.5%
129.5%
Capex IntensityCapex / Revenue
0.1%
5.0%
Cash ConversionOCF / Net Profit
1.47×
5.14×
TTM Free Cash FlowTrailing 4 quarters
$-109.9M
$124.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FDMT
FDMT
KINS
KINS
Q4 25
$28.6M
$75.9M
Q3 25
$-46.5M
$25.9M
Q2 25
$-43.4M
$9.3M
Q1 25
$-47.8M
$17.9M
Q4 24
$-134.6M
$57.9M
Q3 24
$-29.4M
$21.7M
Q2 24
$-30.2M
$7.1M
Q1 24
$-29.1M
$6.1M
Free Cash Flow
FDMT
FDMT
KINS
KINS
Q4 25
$28.5M
$73.1M
Q3 25
$-46.6M
$25.3M
Q2 25
$-43.4M
$8.7M
Q1 25
$-48.4M
$17.0M
Q4 24
$-138.4M
$55.6M
Q3 24
$-31.2M
$21.0M
Q2 24
$-30.6M
$6.6M
Q1 24
$-29.8M
$5.6M
FCF Margin
FDMT
FDMT
KINS
KINS
Q4 25
33.5%
129.5%
Q3 25
-51765.6%
45.4%
Q2 25
-289620.0%
16.6%
Q1 25
-345635.7%
33.7%
Q4 24
-13837100.0%
132.1%
Q3 24
-1038966.7%
51.6%
Q2 24
-611840.0%
18.1%
Q1 24
-106421.4%
15.5%
Capex Intensity
FDMT
FDMT
KINS
KINS
Q4 25
0.1%
5.0%
Q3 25
101.1%
1.2%
Q2 25
440.0%
1.1%
Q1 25
4507.1%
1.7%
Q4 24
378600.0%
5.6%
Q3 24
59266.7%
1.7%
Q2 24
6980.0%
1.4%
Q1 24
2535.7%
1.5%
Cash Conversion
FDMT
FDMT
KINS
KINS
Q4 25
1.47×
5.14×
Q3 25
2.38×
Q2 25
0.82×
Q1 25
4.60×
Q4 24
10.65×
Q3 24
3.12×
Q2 24
1.58×
Q1 24
4.27×

Financial Flow Comparison

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

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