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Side-by-side financial comparison of 4D Molecular Therapeutics, Inc. (FDMT) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.
Ramaco Resources, Inc. is the larger business by last-quarter revenue ($121.0M vs $85.1M, roughly 1.4× 4D Molecular Therapeutics, Inc.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs -11.0%, a 33.8% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs -27.7%). 4D Molecular Therapeutics, Inc. produced more free cash flow last quarter ($28.5M vs $-17.5M). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs -22.7%).
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.
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
FDMT vs METC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $85.1M | $121.0M |
| Net Profit | $19.4M | $-13.3M |
| Gross Margin | — | 15.8% |
| Operating Margin | 17.3% | -12.0% |
| Net Margin | 22.8% | -11.0% |
| Revenue YoY | 8508900.0% | -27.7% |
| Net Profit YoY | 139.1% | -5468.2% |
| EPS (diluted) | $0.43 | — |
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 | — | ||
| Q3 25 | $90.0K | $121.0M | ||
| Q2 25 | $15.0K | $153.0M | ||
| Q1 25 | $14.0K | $134.7M | ||
| Q4 24 | $1.0K | $170.9M | ||
| Q3 24 | $3.0K | $167.4M | ||
| Q2 24 | $5.0K | $155.3M | ||
| Q1 24 | $28.0K | $172.7M |
| Q4 25 | $19.4M | — | ||
| Q3 25 | $-56.9M | $-13.3M | ||
| Q2 25 | $-54.7M | $-14.0M | ||
| Q1 25 | $-48.0M | $-9.5M | ||
| Q4 24 | — | $3.9M | ||
| Q3 24 | $-43.8M | $-239.0K | ||
| Q2 24 | $-35.0M | $5.5M | ||
| Q1 24 | $-32.4M | $2.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 15.8% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 15.2% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | — | 21.0% | ||
| Q1 24 | — | 19.1% |
| Q4 25 | 17.3% | — | ||
| Q3 25 | -67983.3% | -12.0% | ||
| Q2 25 | -396373.3% | -9.1% | ||
| Q1 25 | -383007.1% | -8.9% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | -1704400.0% | 1.0% | ||
| Q2 24 | -849120.0% | 3.5% | ||
| Q1 24 | -136200.0% | 1.9% |
| Q4 25 | 22.8% | — | ||
| Q3 25 | -63195.6% | -11.0% | ||
| Q2 25 | -364386.7% | -9.1% | ||
| Q1 25 | -342657.1% | -7.0% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | -1461433.3% | -0.1% | ||
| Q2 24 | -699060.0% | 3.6% | ||
| Q1 24 | -115717.9% | 1.2% |
| Q4 25 | $0.43 | — | ||
| Q3 25 | $-1.01 | — | ||
| Q2 25 | $-0.98 | — | ||
| Q1 25 | $-0.86 | — | ||
| Q4 24 | — | $0.06 | ||
| Q3 24 | $-0.79 | $-0.03 | ||
| Q2 24 | $-0.63 | $0.08 | ||
| Q1 24 | $-0.66 | $0.00 |
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 | $193.8M |
| Total DebtLower is stronger | — | $116.3M |
| Stockholders' EquityBook value | $505.7M | $526.9M |
| Total Assets | $566.7M | $849.7M |
| Debt / EquityLower = less leverage | — | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $402.7M | — | ||
| Q3 25 | $305.1M | $193.8M | ||
| Q2 25 | $293.2M | $28.1M | ||
| Q1 25 | $321.4M | $43.5M | ||
| Q4 24 | $424.9M | $33.0M | ||
| Q3 24 | $501.9M | $22.9M | ||
| Q2 24 | $541.9M | $27.6M | ||
| Q1 24 | $525.9M | $30.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $116.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $88.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $505.7M | — | ||
| Q3 25 | $369.0M | $526.9M | ||
| Q2 25 | $420.9M | $347.4M | ||
| Q1 25 | $469.7M | $355.2M | ||
| Q4 24 | $510.6M | $362.8M | ||
| Q3 24 | $552.9M | $361.8M | ||
| Q2 24 | $588.3M | $366.1M | ||
| Q1 24 | $600.6M | $372.3M |
| Q4 25 | $566.7M | — | ||
| Q3 25 | $424.0M | $849.7M | ||
| Q2 25 | $473.6M | $674.6M | ||
| Q1 25 | $515.7M | $685.7M | ||
| Q4 24 | $560.4M | $674.7M | ||
| Q3 24 | $604.0M | $645.4M | ||
| Q2 24 | $620.1M | $659.2M | ||
| Q1 24 | $629.9M | $674.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-1.4M |
| Free Cash FlowOCF − Capex | $28.5M | $-17.5M |
| FCF MarginFCF / Revenue | 33.5% | -14.5% |
| Capex IntensityCapex / Revenue | 0.1% | 13.3% |
| Cash ConversionOCF / Net Profit | 1.47× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-109.9M | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.6M | — | ||
| Q3 25 | $-46.5M | $-1.4M | ||
| Q2 25 | $-43.4M | $-4.3M | ||
| Q1 25 | $-47.8M | $26.0M | ||
| Q4 24 | $-134.6M | $15.7M | ||
| Q3 24 | $-29.4M | $37.4M | ||
| Q2 24 | $-30.2M | $34.4M | ||
| Q1 24 | $-29.1M | $25.2M |
| Q4 25 | $28.5M | — | ||
| Q3 25 | $-46.6M | $-17.5M | ||
| Q2 25 | $-43.4M | $-19.8M | ||
| Q1 25 | $-48.4M | $7.6M | ||
| Q4 24 | $-138.4M | $5.1M | ||
| Q3 24 | $-31.2M | $25.6M | ||
| Q2 24 | $-30.6M | $20.3M | ||
| Q1 24 | $-29.8M | $6.5M |
| Q4 25 | 33.5% | — | ||
| Q3 25 | -51765.6% | -14.5% | ||
| Q2 25 | -289620.0% | -13.0% | ||
| Q1 25 | -345635.7% | 5.6% | ||
| Q4 24 | -13837100.0% | 3.0% | ||
| Q3 24 | -1038966.7% | 15.3% | ||
| Q2 24 | -611840.0% | 13.1% | ||
| Q1 24 | -106421.4% | 3.7% |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 101.1% | 13.3% | ||
| Q2 25 | 440.0% | 10.2% | ||
| Q1 25 | 4507.1% | 13.7% | ||
| Q4 24 | 378600.0% | 6.2% | ||
| Q3 24 | 59266.7% | 7.0% | ||
| Q2 24 | 6980.0% | 9.1% | ||
| Q1 24 | 2535.7% | 10.8% |
| Q4 25 | 1.47× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.06× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 6.21× | ||
| Q1 24 | — | 12.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FDMT
Segment breakdown not available.
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
