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Side-by-side financial comparison of 4D Molecular Therapeutics, Inc. (FDMT) and MID PENN BANCORP INC (MPB). 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 $62.0M, roughly 1.4× MID PENN BANCORP INC). MID PENN BANCORP INC runs the higher net margin — 31.4% vs 22.8%, a 8.6% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 30.8%). MID PENN BANCORP INC produced more free cash flow last quarter ($71.8M vs $28.5M). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 21.1%).

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.

Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.

FDMT vs MPB — Head-to-Head

Bigger by revenue
FDMT
FDMT
1.4× larger
FDMT
$85.1M
$62.0M
MPB
Growing faster (revenue YoY)
FDMT
FDMT
+8508869.2% gap
FDMT
8508900.0%
30.8%
MPB
Higher net margin
MPB
MPB
8.6% more per $
MPB
31.4%
22.8%
FDMT
More free cash flow
MPB
MPB
$43.3M more FCF
MPB
$71.8M
$28.5M
FDMT
Faster 2-yr revenue CAGR
FDMT
FDMT
Annualised
FDMT
5412.6%
21.1%
MPB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FDMT
FDMT
MPB
MPB
Revenue
$85.1M
$62.0M
Net Profit
$19.4M
$19.4M
Gross Margin
Operating Margin
17.3%
43.6%
Net Margin
22.8%
31.4%
Revenue YoY
8508900.0%
30.8%
Net Profit YoY
139.1%
47.0%
EPS (diluted)
$0.43
$0.83

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
MPB
MPB
Q4 25
$85.1M
$62.0M
Q3 25
$90.0K
$61.8M
Q2 25
$15.0K
$54.3M
Q1 25
$14.0K
$47.7M
Q4 24
$1.0K
$47.4M
Q3 24
$3.0K
$45.3M
Q2 24
$5.0K
$44.1M
Q1 24
$28.0K
$42.3M
Net Profit
FDMT
FDMT
MPB
MPB
Q4 25
$19.4M
$19.4M
Q3 25
$-56.9M
$18.3M
Q2 25
$-54.7M
$4.8M
Q1 25
$-48.0M
$13.7M
Q4 24
$13.2M
Q3 24
$-43.8M
$12.3M
Q2 24
$-35.0M
$11.8M
Q1 24
$-32.4M
$12.1M
Operating Margin
FDMT
FDMT
MPB
MPB
Q4 25
17.3%
43.6%
Q3 25
-67983.3%
39.3%
Q2 25
-396373.3%
7.9%
Q1 25
-383007.1%
35.2%
Q4 24
34.1%
Q3 24
-1704400.0%
32.8%
Q2 24
-849120.0%
32.4%
Q1 24
-136200.0%
34.8%
Net Margin
FDMT
FDMT
MPB
MPB
Q4 25
22.8%
31.4%
Q3 25
-63195.6%
29.6%
Q2 25
-364386.7%
8.8%
Q1 25
-342657.1%
28.8%
Q4 24
27.9%
Q3 24
-1461433.3%
27.1%
Q2 24
-699060.0%
26.7%
Q1 24
-115717.9%
28.7%
EPS (diluted)
FDMT
FDMT
MPB
MPB
Q4 25
$0.43
$0.83
Q3 25
$-1.01
$0.79
Q2 25
$-0.98
$0.22
Q1 25
$-0.86
$0.71
Q4 24
$0.72
Q3 24
$-0.79
$0.74
Q2 24
$-0.63
$0.71
Q1 24
$-0.66
$0.73

Balance Sheet & Financial Strength

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

Metric
FDMT
FDMT
MPB
MPB
Cash + ST InvestmentsLiquidity on hand
$402.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$505.7M
$814.1M
Total Assets
$566.7M
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FDMT
FDMT
MPB
MPB
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
Stockholders' Equity
FDMT
FDMT
MPB
MPB
Q4 25
$505.7M
$814.1M
Q3 25
$369.0M
$796.3M
Q2 25
$420.9M
$775.7M
Q1 25
$469.7M
$667.9M
Q4 24
$510.6M
$655.0M
Q3 24
$552.9M
$573.1M
Q2 24
$588.3M
$559.7M
Q1 24
$600.6M
$551.0M
Total Assets
FDMT
FDMT
MPB
MPB
Q4 25
$566.7M
$6.1B
Q3 25
$424.0M
$6.3B
Q2 25
$473.6M
$6.4B
Q1 25
$515.7M
$5.5B
Q4 24
$560.4M
$5.5B
Q3 24
$604.0M
$5.5B
Q2 24
$620.1M
$5.4B
Q1 24
$629.9M
$5.3B

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
MPB
MPB
Operating Cash FlowLast quarter
$28.6M
$80.0M
Free Cash FlowOCF − Capex
$28.5M
$71.8M
FCF MarginFCF / Revenue
33.5%
115.8%
Capex IntensityCapex / Revenue
0.1%
13.3%
Cash ConversionOCF / Net Profit
1.47×
4.12×
TTM Free Cash FlowTrailing 4 quarters
$-109.9M
$132.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FDMT
FDMT
MPB
MPB
Q4 25
$28.6M
$80.0M
Q3 25
$-46.5M
$26.3M
Q2 25
$-43.4M
$29.0M
Q1 25
$-47.8M
$11.5M
Q4 24
$-134.6M
$51.4M
Q3 24
$-29.4M
$16.9M
Q2 24
$-30.2M
$18.0M
Q1 24
$-29.1M
$12.4M
Free Cash Flow
FDMT
FDMT
MPB
MPB
Q4 25
$28.5M
$71.8M
Q3 25
$-46.6M
$24.3M
Q2 25
$-43.4M
$27.2M
Q1 25
$-48.4M
$8.8M
Q4 24
$-138.4M
$44.5M
Q3 24
$-31.2M
$16.8M
Q2 24
$-30.6M
$17.7M
Q1 24
$-29.8M
$12.1M
FCF Margin
FDMT
FDMT
MPB
MPB
Q4 25
33.5%
115.8%
Q3 25
-51765.6%
39.4%
Q2 25
-289620.0%
50.1%
Q1 25
-345635.7%
18.4%
Q4 24
-13837100.0%
93.8%
Q3 24
-1038966.7%
37.1%
Q2 24
-611840.0%
40.2%
Q1 24
-106421.4%
28.5%
Capex Intensity
FDMT
FDMT
MPB
MPB
Q4 25
0.1%
13.3%
Q3 25
101.1%
3.1%
Q2 25
440.0%
3.2%
Q1 25
4507.1%
5.7%
Q4 24
378600.0%
14.6%
Q3 24
59266.7%
0.0%
Q2 24
6980.0%
0.7%
Q1 24
2535.7%
0.8%
Cash Conversion
FDMT
FDMT
MPB
MPB
Q4 25
1.47×
4.12×
Q3 25
1.44×
Q2 25
6.08×
Q1 25
0.84×
Q4 24
3.88×
Q3 24
1.37×
Q2 24
1.53×
Q1 24
1.02×

Financial Flow Comparison

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

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