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Side-by-side financial comparison of 4D Molecular Therapeutics, Inc. (FDMT) and El Pollo Loco Holdings, Inc. (LOCO). Click either name above to swap in a different company.

El Pollo Loco Holdings, Inc. is the larger business by last-quarter revenue ($126.2M vs $85.1M, roughly 1.5× 4D Molecular Therapeutics, Inc.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs 6.5%, a 16.3% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 5.9%). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 1.6%).

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.

El Pollo Loco, Inc., is a restaurant chain based in the United States, specializing in Mexican-style grilled chicken. Restaurant service consists of dine-in and take-out, with some locations offering drive-through options. The company is headquartered in Costa Mesa, California, and operates about 500 company-owned and franchised restaurants in the Southwestern United States.

FDMT vs LOCO — Head-to-Head

Bigger by revenue
LOCO
LOCO
1.5× larger
LOCO
$126.2M
$85.1M
FDMT
Growing faster (revenue YoY)
FDMT
FDMT
+8508894.1% gap
FDMT
8508900.0%
5.9%
LOCO
Higher net margin
FDMT
FDMT
16.3% more per $
FDMT
22.8%
6.5%
LOCO
Faster 2-yr revenue CAGR
FDMT
FDMT
Annualised
FDMT
5412.6%
1.6%
LOCO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FDMT
FDMT
LOCO
LOCO
Revenue
$85.1M
$126.2M
Net Profit
$19.4M
$8.2M
Gross Margin
Operating Margin
17.3%
9.7%
Net Margin
22.8%
6.5%
Revenue YoY
8508900.0%
5.9%
Net Profit YoY
139.1%
48.8%
EPS (diluted)
$0.43
$0.27

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
LOCO
LOCO
Q1 26
$126.2M
Q4 25
$85.1M
$123.5M
Q3 25
$90.0K
$121.5M
Q2 25
$15.0K
$125.8M
Q1 25
$14.0K
$119.2M
Q4 24
$1.0K
$114.3M
Q3 24
$3.0K
$120.4M
Q2 24
$5.0K
$122.2M
Net Profit
FDMT
FDMT
LOCO
LOCO
Q1 26
$8.2M
Q4 25
$19.4M
$6.5M
Q3 25
$-56.9M
$7.4M
Q2 25
$-54.7M
$7.1M
Q1 25
$-48.0M
$5.5M
Q4 24
$6.0M
Q3 24
$-43.8M
$6.2M
Q2 24
$-35.0M
$7.6M
Operating Margin
FDMT
FDMT
LOCO
LOCO
Q1 26
9.7%
Q4 25
17.3%
8.3%
Q3 25
-67983.3%
9.4%
Q2 25
-396373.3%
9.0%
Q1 25
-383007.1%
7.5%
Q4 24
7.9%
Q3 24
-1704400.0%
8.4%
Q2 24
-849120.0%
10.1%
Net Margin
FDMT
FDMT
LOCO
LOCO
Q1 26
6.5%
Q4 25
22.8%
5.3%
Q3 25
-63195.6%
6.1%
Q2 25
-364386.7%
5.6%
Q1 25
-342657.1%
4.6%
Q4 24
5.2%
Q3 24
-1461433.3%
5.1%
Q2 24
-699060.0%
6.2%
EPS (diluted)
FDMT
FDMT
LOCO
LOCO
Q1 26
$0.27
Q4 25
$0.43
$0.22
Q3 25
$-1.01
$0.25
Q2 25
$-0.98
$0.24
Q1 25
$-0.86
$0.19
Q4 24
$0.21
Q3 24
$-0.79
$0.21
Q2 24
$-0.63
$0.25

Balance Sheet & Financial Strength

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

Metric
FDMT
FDMT
LOCO
LOCO
Cash + ST InvestmentsLiquidity on hand
$402.7M
$3.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$505.7M
$302.5M
Total Assets
$566.7M
$609.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FDMT
FDMT
LOCO
LOCO
Q1 26
$3.9M
Q4 25
$402.7M
$6.2M
Q3 25
$305.1M
$10.9M
Q2 25
$293.2M
$9.0M
Q1 25
$321.4M
$4.3M
Q4 24
$424.9M
$2.5M
Q3 24
$501.9M
$7.9M
Q2 24
$541.9M
$10.5M
Total Debt
FDMT
FDMT
LOCO
LOCO
Q1 26
Q4 25
$51.0M
Q3 25
$61.0M
Q2 25
$69.0M
Q1 25
$73.0M
Q4 24
$71.0M
Q3 24
$76.0M
Q2 24
$87.0M
Stockholders' Equity
FDMT
FDMT
LOCO
LOCO
Q1 26
$302.5M
Q4 25
$505.7M
$291.1M
Q3 25
$369.0M
$282.9M
Q2 25
$420.9M
$274.2M
Q1 25
$469.7M
$265.7M
Q4 24
$510.6M
$260.7M
Q3 24
$552.9M
$255.2M
Q2 24
$588.3M
$248.6M
Total Assets
FDMT
FDMT
LOCO
LOCO
Q1 26
$609.1M
Q4 25
$566.7M
$606.6M
Q3 25
$424.0M
$602.7M
Q2 25
$473.6M
$596.8M
Q1 25
$515.7M
$590.5M
Q4 24
$560.4M
$592.0M
Q3 24
$604.0M
$590.0M
Q2 24
$620.1M
$593.8M
Debt / Equity
FDMT
FDMT
LOCO
LOCO
Q1 26
Q4 25
0.18×
Q3 25
0.22×
Q2 25
0.25×
Q1 25
0.27×
Q4 24
0.27×
Q3 24
0.30×
Q2 24
0.35×

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FDMT
FDMT
LOCO
LOCO
Q1 26
Q4 25
$28.6M
$13.9M
Q3 25
$-46.5M
$15.3M
Q2 25
$-43.4M
$14.1M
Q1 25
$-47.8M
$4.7M
Q4 24
$-134.6M
$5.6M
Q3 24
$-29.4M
$13.0M
Q2 24
$-30.2M
$17.0M
Free Cash Flow
FDMT
FDMT
LOCO
LOCO
Q1 26
Q4 25
$28.5M
$5.1M
Q3 25
$-46.6M
$9.9M
Q2 25
$-43.4M
$9.1M
Q1 25
$-48.4M
$1.3M
Q4 24
$-138.4M
$1.1M
Q3 24
$-31.2M
$9.1M
Q2 24
$-30.6M
$10.4M
FCF Margin
FDMT
FDMT
LOCO
LOCO
Q1 26
Q4 25
33.5%
4.1%
Q3 25
-51765.6%
8.2%
Q2 25
-289620.0%
7.2%
Q1 25
-345635.7%
1.1%
Q4 24
-13837100.0%
1.0%
Q3 24
-1038966.7%
7.6%
Q2 24
-611840.0%
8.5%
Capex Intensity
FDMT
FDMT
LOCO
LOCO
Q1 26
Q4 25
0.1%
7.1%
Q3 25
101.1%
4.4%
Q2 25
440.0%
4.0%
Q1 25
4507.1%
2.8%
Q4 24
378600.0%
3.9%
Q3 24
59266.7%
3.2%
Q2 24
6980.0%
5.3%
Cash Conversion
FDMT
FDMT
LOCO
LOCO
Q1 26
Q4 25
1.47×
2.13×
Q3 25
2.08×
Q2 25
1.99×
Q1 25
0.86×
Q4 24
0.95×
Q3 24
2.11×
Q2 24
2.22×

Financial Flow Comparison

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

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