vs

Side-by-side financial comparison of 4D Molecular Therapeutics, Inc. (FDMT) and N-able, Inc. (NABL). Click either name above to swap in a different company.

N-able, Inc. is the larger business by last-quarter revenue ($130.3M vs $85.1M, roughly 1.5× 4D Molecular Therapeutics, Inc.). On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 11.8%). 4D Molecular Therapeutics, Inc. produced more free cash flow last quarter ($28.5M vs $20.9M). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 7.0%).

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.

Able UK is a British industrial services company specialising in decommissioning of ships and offshore installations.

FDMT vs NABL — Head-to-Head

Bigger by revenue
NABL
NABL
1.5× larger
NABL
$130.3M
$85.1M
FDMT
Growing faster (revenue YoY)
FDMT
FDMT
+8508888.2% gap
FDMT
8508900.0%
11.8%
NABL
More free cash flow
FDMT
FDMT
$7.6M more FCF
FDMT
$28.5M
$20.9M
NABL
Faster 2-yr revenue CAGR
FDMT
FDMT
Annualised
FDMT
5412.6%
7.0%
NABL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FDMT
FDMT
NABL
NABL
Revenue
$85.1M
$130.3M
Net Profit
$19.4M
Gross Margin
76.2%
Operating Margin
17.3%
10.2%
Net Margin
22.8%
Revenue YoY
8508900.0%
11.8%
Net Profit YoY
139.1%
EPS (diluted)
$0.43
$-0.04

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
NABL
NABL
Q4 25
$85.1M
$130.3M
Q3 25
$90.0K
$131.7M
Q2 25
$15.0K
$131.2M
Q1 25
$14.0K
$118.2M
Q4 24
$1.0K
$116.5M
Q3 24
$3.0K
$116.4M
Q2 24
$5.0K
$119.4M
Q1 24
$28.0K
$113.7M
Net Profit
FDMT
FDMT
NABL
NABL
Q4 25
$19.4M
Q3 25
$-56.9M
$1.4M
Q2 25
$-54.7M
$-4.0M
Q1 25
$-48.0M
$-7.2M
Q4 24
Q3 24
$-43.8M
$10.8M
Q2 24
$-35.0M
$9.5M
Q1 24
$-32.4M
$7.5M
Gross Margin
FDMT
FDMT
NABL
NABL
Q4 25
76.2%
Q3 25
77.5%
Q2 25
78.1%
Q1 25
76.6%
Q4 24
80.0%
Q3 24
82.9%
Q2 24
84.0%
Q1 24
83.9%
Operating Margin
FDMT
FDMT
NABL
NABL
Q4 25
17.3%
10.2%
Q3 25
-67983.3%
8.8%
Q2 25
-396373.3%
7.7%
Q1 25
-383007.1%
1.5%
Q4 24
13.7%
Q3 24
-1704400.0%
20.5%
Q2 24
-849120.0%
18.4%
Q1 24
-136200.0%
18.0%
Net Margin
FDMT
FDMT
NABL
NABL
Q4 25
22.8%
Q3 25
-63195.6%
1.1%
Q2 25
-364386.7%
-3.1%
Q1 25
-342657.1%
-6.1%
Q4 24
Q3 24
-1461433.3%
9.2%
Q2 24
-699060.0%
7.9%
Q1 24
-115717.9%
6.6%
EPS (diluted)
FDMT
FDMT
NABL
NABL
Q4 25
$0.43
$-0.04
Q3 25
$-1.01
$0.01
Q2 25
$-0.98
$-0.02
Q1 25
$-0.86
$-0.04
Q4 24
$0.01
Q3 24
$-0.79
$0.06
Q2 24
$-0.63
$0.05
Q1 24
$-0.66
$0.04

Balance Sheet & Financial Strength

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

Metric
FDMT
FDMT
NABL
NABL
Cash + ST InvestmentsLiquidity on hand
$402.7M
$111.8M
Total DebtLower is stronger
$393.9M
Stockholders' EquityBook value
$505.7M
$804.7M
Total Assets
$566.7M
$1.4B
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FDMT
FDMT
NABL
NABL
Q4 25
$402.7M
$111.8M
Q3 25
$305.1M
$101.4M
Q2 25
$293.2M
$93.9M
Q1 25
$321.4M
$94.1M
Q4 24
$424.9M
$85.2M
Q3 24
$501.9M
$174.4M
Q2 24
$541.9M
$157.5M
Q1 24
$525.9M
$139.2M
Total Debt
FDMT
FDMT
NABL
NABL
Q4 25
$393.9M
Q3 25
$331.7M
Q2 25
$332.1M
Q1 25
$332.6M
Q4 24
$333.1M
Q3 24
$333.6M
Q2 24
$334.1M
Q1 24
$334.5M
Stockholders' Equity
FDMT
FDMT
NABL
NABL
Q4 25
$505.7M
$804.7M
Q3 25
$369.0M
$813.4M
Q2 25
$420.9M
$809.4M
Q1 25
$469.7M
$775.1M
Q4 24
$510.6M
$759.3M
Q3 24
$552.9M
$765.0M
Q2 24
$588.3M
$724.4M
Q1 24
$600.6M
$709.1M
Total Assets
FDMT
FDMT
NABL
NABL
Q4 25
$566.7M
$1.4B
Q3 25
$424.0M
$1.4B
Q2 25
$473.6M
$1.4B
Q1 25
$515.7M
$1.4B
Q4 24
$560.4M
$1.3B
Q3 24
$604.0M
$1.2B
Q2 24
$620.1M
$1.2B
Q1 24
$629.9M
$1.1B
Debt / Equity
FDMT
FDMT
NABL
NABL
Q4 25
0.49×
Q3 25
0.41×
Q2 25
0.41×
Q1 25
0.43×
Q4 24
0.44×
Q3 24
0.44×
Q2 24
0.46×
Q1 24
0.47×

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
NABL
NABL
Operating Cash FlowLast quarter
$28.6M
$25.3M
Free Cash FlowOCF − Capex
$28.5M
$20.9M
FCF MarginFCF / Revenue
33.5%
16.0%
Capex IntensityCapex / Revenue
0.1%
3.4%
Cash ConversionOCF / Net Profit
1.47×
TTM Free Cash FlowTrailing 4 quarters
$-109.9M
$75.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FDMT
FDMT
NABL
NABL
Q4 25
$28.6M
$25.3M
Q3 25
$-46.5M
$24.0M
Q2 25
$-43.4M
$24.2M
Q1 25
$-47.8M
$19.7M
Q4 24
$-134.6M
$26.0M
Q3 24
$-29.4M
$22.0M
Q2 24
$-30.2M
$27.3M
Q1 24
$-29.1M
$4.2M
Free Cash Flow
FDMT
FDMT
NABL
NABL
Q4 25
$28.5M
$20.9M
Q3 25
$-46.6M
$17.4M
Q2 25
$-43.4M
$20.4M
Q1 25
$-48.4M
$16.4M
Q4 24
$-138.4M
$18.8M
Q3 24
$-31.2M
$18.2M
Q2 24
$-30.6M
$24.0M
Q1 24
$-29.8M
$746.0K
FCF Margin
FDMT
FDMT
NABL
NABL
Q4 25
33.5%
16.0%
Q3 25
-51765.6%
13.2%
Q2 25
-289620.0%
15.5%
Q1 25
-345635.7%
13.9%
Q4 24
-13837100.0%
16.2%
Q3 24
-1038966.7%
15.7%
Q2 24
-611840.0%
20.1%
Q1 24
-106421.4%
0.7%
Capex Intensity
FDMT
FDMT
NABL
NABL
Q4 25
0.1%
3.4%
Q3 25
101.1%
5.0%
Q2 25
440.0%
2.9%
Q1 25
4507.1%
2.8%
Q4 24
378600.0%
6.1%
Q3 24
59266.7%
3.2%
Q2 24
6980.0%
2.7%
Q1 24
2535.7%
3.0%
Cash Conversion
FDMT
FDMT
NABL
NABL
Q4 25
1.47×
Q3 25
17.36×
Q2 25
Q1 25
Q4 24
Q3 24
2.04×
Q2 24
2.89×
Q1 24
0.56×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FDMT
FDMT

Segment breakdown not available.

NABL
NABL

Transferred Over Time$121.9M94%
Transferred At Point In Time$8.4M6%
Other Revenue$1.3M1%

Related Comparisons