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Side-by-side financial comparison of 4D Molecular Therapeutics, Inc. (FDMT) and REGIS CORP (RGS). 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× REGIS CORP). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs 0.8%, a 22.0% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 22.3%). 4D Molecular Therapeutics, Inc. produced more free cash flow last quarter ($28.5M vs $891.0K). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 7.8%).

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.

Regis Corporation is an American operator of hair salons. As of August 2021, it has 5,563 franchised and 276 company-owned salons. Its headquarters are in Minneapolis, Minnesota.

FDMT vs RGS — Head-to-Head

Bigger by revenue
FDMT
FDMT
1.5× larger
FDMT
$85.1M
$57.1M
RGS
Growing faster (revenue YoY)
FDMT
FDMT
+8508877.7% gap
FDMT
8508900.0%
22.3%
RGS
Higher net margin
FDMT
FDMT
22.0% more per $
FDMT
22.8%
0.8%
RGS
More free cash flow
FDMT
FDMT
$27.6M more FCF
FDMT
$28.5M
$891.0K
RGS
Faster 2-yr revenue CAGR
FDMT
FDMT
Annualised
FDMT
5412.6%
7.8%
RGS

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
FDMT
FDMT
RGS
RGS
Revenue
$85.1M
$57.1M
Net Profit
$19.4M
$456.0K
Gross Margin
Operating Margin
17.3%
10.8%
Net Margin
22.8%
0.8%
Revenue YoY
8508900.0%
22.3%
Net Profit YoY
139.1%
-94.0%
EPS (diluted)
$0.43
$0.16

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
RGS
RGS
Q4 25
$85.1M
$57.1M
Q3 25
$90.0K
$59.0M
Q2 25
$15.0K
$60.4M
Q1 25
$14.0K
$57.0M
Q4 24
$1.0K
$46.7M
Q3 24
$3.0K
$46.1M
Q2 24
$5.0K
$49.4M
Q1 24
$28.0K
$49.2M
Net Profit
FDMT
FDMT
RGS
RGS
Q4 25
$19.4M
$456.0K
Q3 25
$-56.9M
$1.4M
Q2 25
$-54.7M
$116.5M
Q1 25
$-48.0M
$250.0K
Q4 24
$7.6M
Q3 24
$-43.8M
$-853.0K
Q2 24
$-35.0M
$91.2M
Q1 24
$-32.4M
$-2.3M
Operating Margin
FDMT
FDMT
RGS
RGS
Q4 25
17.3%
10.8%
Q3 25
-67983.3%
10.0%
Q2 25
-396373.3%
12.1%
Q1 25
-383007.1%
8.8%
Q4 24
11.8%
Q3 24
-1704400.0%
4.6%
Q2 24
-849120.0%
Q1 24
-136200.0%
8.3%
Net Margin
FDMT
FDMT
RGS
RGS
Q4 25
22.8%
0.8%
Q3 25
-63195.6%
2.3%
Q2 25
-364386.7%
192.9%
Q1 25
-342657.1%
0.4%
Q4 24
16.4%
Q3 24
-1461433.3%
-1.9%
Q2 24
-699060.0%
184.7%
Q1 24
-115717.9%
-4.7%
EPS (diluted)
FDMT
FDMT
RGS
RGS
Q4 25
$0.43
$0.16
Q3 25
$-1.01
$0.49
Q2 25
$-0.98
$43.67
Q1 25
$-0.86
$0.08
Q4 24
$2.71
Q3 24
$-0.79
$-0.36
Q2 24
$-0.63
$38.40
Q1 24
$-0.66
$-1.00

Balance Sheet & Financial Strength

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

Metric
FDMT
FDMT
RGS
RGS
Cash + ST InvestmentsLiquidity on hand
$402.7M
$18.4M
Total DebtLower is stronger
$113.3M
Stockholders' EquityBook value
$505.7M
$188.7M
Total Assets
$566.7M
$588.3M
Debt / EquityLower = less leverage
0.60×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FDMT
FDMT
RGS
RGS
Q4 25
$402.7M
$18.4M
Q3 25
$305.1M
$16.6M
Q2 25
$293.2M
$17.0M
Q1 25
$321.4M
$13.3M
Q4 24
$424.9M
$10.2M
Q3 24
$501.9M
$6.3M
Q2 24
$541.9M
$10.1M
Q1 24
$525.9M
$5.9M
Total Debt
FDMT
FDMT
RGS
RGS
Q4 25
$113.3M
Q3 25
$111.3M
Q2 25
$110.8M
Q1 25
$112.0M
Q4 24
$111.5M
Q3 24
$95.2M
Q2 24
$99.5M
Q1 24
$179.7M
Stockholders' Equity
FDMT
FDMT
RGS
RGS
Q4 25
$505.7M
$188.7M
Q3 25
$369.0M
$187.6M
Q2 25
$420.9M
$185.6M
Q1 25
$469.7M
$68.6M
Q4 24
$510.6M
$66.7M
Q3 24
$552.9M
$56.4M
Q2 24
$588.3M
$56.8M
Q1 24
$600.6M
$-35.8M
Total Assets
FDMT
FDMT
RGS
RGS
Q4 25
$566.7M
$588.3M
Q3 25
$424.0M
$592.1M
Q2 25
$473.6M
$599.0M
Q1 25
$515.7M
$511.2M
Q4 24
$560.4M
$530.1M
Q3 24
$604.0M
$508.9M
Q2 24
$620.1M
$530.5M
Q1 24
$629.9M
$543.7M
Debt / Equity
FDMT
FDMT
RGS
RGS
Q4 25
0.60×
Q3 25
0.59×
Q2 25
0.60×
Q1 25
1.63×
Q4 24
1.67×
Q3 24
1.69×
Q2 24
1.75×
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
FDMT
FDMT
RGS
RGS
Operating Cash FlowLast quarter
$28.6M
$1.7M
Free Cash FlowOCF − Capex
$28.5M
$891.0K
FCF MarginFCF / Revenue
33.5%
1.6%
Capex IntensityCapex / Revenue
0.1%
1.4%
Cash ConversionOCF / Net Profit
1.47×
3.65×
TTM Free Cash FlowTrailing 4 quarters
$-109.9M
$14.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FDMT
FDMT
RGS
RGS
Q4 25
$28.6M
$1.7M
Q3 25
$-46.5M
$2.3M
Q2 25
$-43.4M
$6.8M
Q1 25
$-47.8M
$6.2M
Q4 24
$-134.6M
$2.1M
Q3 24
$-29.4M
$-1.3M
Q2 24
$-30.2M
$5.1M
Q1 24
$-29.1M
$-277.0K
Free Cash Flow
FDMT
FDMT
RGS
RGS
Q4 25
$28.5M
$891.0K
Q3 25
$-46.6M
$1.9M
Q2 25
$-43.4M
$6.2M
Q1 25
$-48.4M
$5.9M
Q4 24
$-138.4M
$1.7M
Q3 24
$-31.2M
$-1.4M
Q2 24
$-30.6M
$5.1M
Q1 24
$-29.8M
$-326.0K
FCF Margin
FDMT
FDMT
RGS
RGS
Q4 25
33.5%
1.6%
Q3 25
-51765.6%
3.2%
Q2 25
-289620.0%
10.3%
Q1 25
-345635.7%
10.3%
Q4 24
-13837100.0%
3.6%
Q3 24
-1038966.7%
-3.0%
Q2 24
-611840.0%
10.3%
Q1 24
-106421.4%
-0.7%
Capex Intensity
FDMT
FDMT
RGS
RGS
Q4 25
0.1%
1.4%
Q3 25
101.1%
0.7%
Q2 25
440.0%
0.9%
Q1 25
4507.1%
0.6%
Q4 24
378600.0%
0.9%
Q3 24
59266.7%
0.0%
Q2 24
6980.0%
0.0%
Q1 24
2535.7%
0.1%
Cash Conversion
FDMT
FDMT
RGS
RGS
Q4 25
1.47×
3.65×
Q3 25
1.68×
Q2 25
0.06×
Q1 25
24.80×
Q4 24
0.28×
Q3 24
Q2 24
0.06×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

FDMT
FDMT

Segment breakdown not available.

RGS
RGS

Franchise Segment$37.9M66%
Royalty$13.6M24%
Other$2.8M5%
Fees$1.8M3%
Franchise Fees$1.0M2%

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