vs
Side-by-side financial comparison of 4D Molecular Therapeutics, Inc. (FDMT) and Loar Holdings Inc. (LOAR). Click either name above to swap in a different company.
Loar Holdings Inc. is the larger business by last-quarter revenue ($131.8M vs $85.1M, roughly 1.5× 4D Molecular Therapeutics, Inc.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs 9.5%, a 13.3% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 19.3%). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 19.8%).
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.
FDMT vs LOAR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $85.1M | $131.8M |
| Net Profit | $19.4M | $12.5M |
| Gross Margin | — | 52.1% |
| Operating Margin | 17.3% | 18.0% |
| Net Margin | 22.8% | 9.5% |
| Revenue YoY | 8508900.0% | 19.3% |
| Net Profit YoY | 139.1% | 239.5% |
| EPS (diluted) | $0.43 | $0.13 |
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 | $131.8M | ||
| Q3 25 | $90.0K | $126.8M | ||
| Q2 25 | $15.0K | $123.1M | ||
| Q1 25 | $14.0K | $114.7M | ||
| Q4 24 | $1.0K | $110.4M | ||
| Q3 24 | $3.0K | $103.5M | ||
| Q2 24 | $5.0K | $97.0M | ||
| Q1 24 | $28.0K | $91.8M |
| Q4 25 | $19.4M | $12.5M | ||
| Q3 25 | $-56.9M | $27.6M | ||
| Q2 25 | $-54.7M | $16.7M | ||
| Q1 25 | $-48.0M | $15.3M | ||
| Q4 24 | — | $3.7M | ||
| Q3 24 | $-43.8M | $8.7M | ||
| Q2 24 | $-35.0M | $7.6M | ||
| Q1 24 | $-32.4M | $2.2M |
| Q4 25 | — | 52.1% | ||
| Q3 25 | — | 52.7% | ||
| Q2 25 | — | 53.8% | ||
| Q1 25 | — | 52.1% | ||
| Q4 24 | — | 48.9% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 49.0% | ||
| Q1 24 | — | 48.4% |
| Q4 25 | 17.3% | 18.0% | ||
| Q3 25 | -67983.3% | 22.9% | ||
| Q2 25 | -396373.3% | 22.2% | ||
| Q1 25 | -383007.1% | 22.8% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | -1704400.0% | 22.1% | ||
| Q2 24 | -849120.0% | 22.9% | ||
| Q1 24 | -136200.0% | 23.3% |
| Q4 25 | 22.8% | 9.5% | ||
| Q3 25 | -63195.6% | 21.8% | ||
| Q2 25 | -364386.7% | 13.6% | ||
| Q1 25 | -342657.1% | 13.4% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | -1461433.3% | 8.4% | ||
| Q2 24 | -699060.0% | 7.9% | ||
| Q1 24 | -115717.9% | 2.4% |
| Q4 25 | $0.43 | $0.13 | ||
| Q3 25 | $-1.01 | $0.29 | ||
| Q2 25 | $-0.98 | $0.17 | ||
| Q1 25 | $-0.86 | $0.16 | ||
| Q4 24 | — | $-11023.48 | ||
| Q3 24 | $-0.79 | $0.09 | ||
| Q2 24 | $-0.63 | $0.09 | ||
| Q1 24 | $-0.66 | $11023.54 |
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 | $84.8M |
| Total DebtLower is stronger | — | $715.7M |
| Stockholders' EquityBook value | $505.7M | $1.2B |
| Total Assets | $566.7M | $2.0B |
| Debt / EquityLower = less leverage | — | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $402.7M | $84.8M | ||
| Q3 25 | $305.1M | $99.0M | ||
| Q2 25 | $293.2M | $103.3M | ||
| Q1 25 | $321.4M | $80.5M | ||
| Q4 24 | $424.9M | $54.1M | ||
| Q3 24 | $501.9M | $55.2M | ||
| Q2 24 | $541.9M | $73.2M | ||
| Q1 24 | $525.9M | $28.2M |
| Q4 25 | — | $715.7M | ||
| Q3 25 | — | $279.4M | ||
| Q2 25 | — | $277.7M | ||
| Q1 25 | — | $277.5M | ||
| Q4 24 | — | $277.3M | ||
| Q3 24 | — | $602.1M | ||
| Q2 24 | — | $250.7M | ||
| Q1 24 | — | $534.2M |
| Q4 25 | $505.7M | $1.2B | ||
| Q3 25 | $369.0M | $1.2B | ||
| Q2 25 | $420.9M | $1.1B | ||
| Q1 25 | $469.7M | $1.1B | ||
| Q4 24 | $510.6M | $1.1B | ||
| Q3 24 | $552.9M | $769.8M | ||
| Q2 24 | $588.3M | $758.4M | ||
| Q1 24 | $600.6M | $420.6M |
| Q4 25 | $566.7M | $2.0B | ||
| Q3 25 | $424.0M | $1.5B | ||
| Q2 25 | $473.6M | $1.5B | ||
| Q1 25 | $515.7M | $1.5B | ||
| Q4 24 | $560.4M | $1.5B | ||
| Q3 24 | $604.0M | $1.5B | ||
| Q2 24 | $620.1M | $1.1B | ||
| Q1 24 | $629.9M | $1.1B |
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | 0.78× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | 1.27× |
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 | $30.4M |
| Free Cash FlowOCF − Capex | $28.5M | — |
| FCF MarginFCF / Revenue | 33.5% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | 1.47× | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | $-109.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.6M | $30.4M | ||
| Q3 25 | $-46.5M | $29.7M | ||
| Q2 25 | $-43.4M | $23.8M | ||
| Q1 25 | $-47.8M | $28.4M | ||
| Q4 24 | $-134.6M | $20.7M | ||
| Q3 24 | $-29.4M | $16.3M | ||
| Q2 24 | $-30.2M | $7.1M | ||
| Q1 24 | $-29.1M | $10.8M |
| Q4 25 | $28.5M | — | ||
| Q3 25 | $-46.6M | — | ||
| Q2 25 | $-43.4M | — | ||
| Q1 25 | $-48.4M | — | ||
| Q4 24 | $-138.4M | — | ||
| Q3 24 | $-31.2M | — | ||
| Q2 24 | $-30.6M | — | ||
| Q1 24 | $-29.8M | — |
| Q4 25 | 33.5% | — | ||
| Q3 25 | -51765.6% | — | ||
| Q2 25 | -289620.0% | — | ||
| Q1 25 | -345635.7% | — | ||
| Q4 24 | -13837100.0% | — | ||
| Q3 24 | -1038966.7% | — | ||
| Q2 24 | -611840.0% | — | ||
| Q1 24 | -106421.4% | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 101.1% | — | ||
| Q2 25 | 440.0% | — | ||
| Q1 25 | 4507.1% | — | ||
| Q4 24 | 378600.0% | — | ||
| Q3 24 | 59266.7% | — | ||
| Q2 24 | 6980.0% | — | ||
| Q1 24 | 2535.7% | — |
| Q4 25 | 1.47× | 2.43× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | — | 5.62× | ||
| Q3 24 | — | 1.89× | ||
| Q2 24 | — | 0.93× | ||
| Q1 24 | — | 4.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FDMT
Segment breakdown not available.
LOAR
| Other | $76.8M | 58% |
| Commercial Aerospace | $21.2M | 16% |
| Business Jet And General Aviation | $17.6M | 13% |
| Defense | $16.2M | 12% |
