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Side-by-side financial comparison of 4D Molecular Therapeutics, Inc. (FDMT) and NETSTREIT Corp. (NTST). 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 $57.1M, roughly 1.5× NETSTREIT Corp.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs 10.0%, a 12.8% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 24.3%). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 20.1%).
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.
NETSTREIT Corp. is a US-headquartered real estate investment trust (REIT) that specializes in acquiring and operating a diversified portfolio of single-tenant net lease commercial properties. Its asset portfolio covers retail, industrial and office categories, primarily catering to investment-grade corporate tenants across the United States market.
FDMT vs NTST — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $85.1M | $57.1M |
| Net Profit | $19.4M | $5.7M |
| Gross Margin | — | — |
| Operating Margin | 17.3% | 34.1% |
| Net Margin | 22.8% | 10.0% |
| Revenue YoY | 8508900.0% | 24.3% |
| Net Profit YoY | 139.1% | 235.9% |
| EPS (diluted) | $0.43 | $0.32 |
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.
| Q1 26 | — | $57.1M | ||
| Q4 25 | $85.1M | $52.5M | ||
| Q3 25 | $90.0K | $48.3M | ||
| Q2 25 | $15.0K | $48.3M | ||
| Q1 25 | $14.0K | $45.9M | ||
| Q4 24 | $1.0K | $44.1M | ||
| Q3 24 | $3.0K | $41.4M | ||
| Q2 24 | $5.0K | $39.6M |
| Q1 26 | — | $5.7M | ||
| Q4 25 | $19.4M | $1.3M | ||
| Q3 25 | $-56.9M | $618.0K | ||
| Q2 25 | $-54.7M | $3.3M | ||
| Q1 25 | $-48.0M | $1.7M | ||
| Q4 24 | — | $-5.4M | ||
| Q3 24 | $-43.8M | $-5.3M | ||
| Q2 24 | $-35.0M | $-2.3M |
| Q1 26 | — | 34.1% | ||
| Q4 25 | 17.3% | 2.6% | ||
| Q3 25 | -67983.3% | 1.3% | ||
| Q2 25 | -396373.3% | 6.8% | ||
| Q1 25 | -383007.1% | 3.7% | ||
| Q4 24 | — | -12.3% | ||
| Q3 24 | -1704400.0% | -12.8% | ||
| Q2 24 | -849120.0% | -5.8% |
| Q1 26 | — | 10.0% | ||
| Q4 25 | 22.8% | 2.5% | ||
| Q3 25 | -63195.6% | 1.3% | ||
| Q2 25 | -364386.7% | 6.8% | ||
| Q1 25 | -342657.1% | 3.7% | ||
| Q4 24 | — | -12.3% | ||
| Q3 24 | -1461433.3% | -12.8% | ||
| Q2 24 | -699060.0% | -5.8% |
| Q1 26 | — | $0.32 | ||
| Q4 25 | $0.43 | $0.01 | ||
| Q3 25 | $-1.01 | $0.01 | ||
| Q2 25 | $-0.98 | $0.04 | ||
| Q1 25 | $-0.86 | $0.02 | ||
| Q4 24 | — | $-0.07 | ||
| Q3 24 | $-0.79 | $-0.07 | ||
| Q2 24 | $-0.63 | $-0.03 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $505.7M | $1.5B |
| Total Assets | $566.7M | $2.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $926.6M | ||
| Q1 25 | — | $913.3M | ||
| Q4 24 | — | $868.3M | ||
| Q3 24 | — | $778.7M | ||
| Q2 24 | — | $726.2M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $505.7M | $1.4B | ||
| Q3 25 | $369.0M | $1.3B | ||
| Q2 25 | $420.9M | $1.3B | ||
| Q1 25 | $469.7M | $1.3B | ||
| Q4 24 | $510.6M | $1.3B | ||
| Q3 24 | $552.9M | $1.3B | ||
| Q2 24 | $588.3M | $1.3B |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $566.7M | $2.6B | ||
| Q3 25 | $424.0M | $2.5B | ||
| Q2 25 | $473.6M | $2.3B | ||
| Q1 25 | $515.7M | $2.3B | ||
| Q4 24 | $560.4M | $2.3B | ||
| Q3 24 | $604.0M | $2.2B | ||
| Q2 24 | $620.1M | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.84× | ||
| Q2 25 | — | 0.70× | ||
| Q1 25 | — | 0.70× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.55× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $28.6M | $109.5M | ||
| Q3 25 | $-46.5M | $28.0M | ||
| Q2 25 | $-43.4M | $30.6M | ||
| Q1 25 | $-47.8M | $22.1M | ||
| Q4 24 | $-134.6M | $90.2M | ||
| Q3 24 | $-29.4M | $25.1M | ||
| Q2 24 | $-30.2M | $25.4M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 1.47× | 82.46× | ||
| Q3 25 | — | 45.27× | ||
| Q2 25 | — | 9.36× | ||
| Q1 25 | — | 13.06× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FDMT
Segment breakdown not available.
NTST
| Rental revenue (including reimbursable) | $54.0M | 95% |
| Other | $3.0M | 5% |
