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Side-by-side financial comparison of 4D Molecular Therapeutics, Inc. (FDMT) and 1ST SOURCE CORP (SRCE). Click either name above to swap in a different company.

1ST SOURCE CORP is the larger business by last-quarter revenue ($113.1M vs $85.1M, roughly 1.3× 4D Molecular Therapeutics, Inc.). 1ST SOURCE CORP runs the higher net margin — 35.3% vs 22.8%, a 12.5% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 8.7%). 1ST SOURCE CORP produced more free cash flow last quarter ($58.1M vs $28.5M). 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.

1st Source Corporation is a financial services company headquartered in South Bend, Indiana. It operates 1st Source Bank, a bank with 81 branches in Indiana and Michigan. The bank's Specialty Finance Group provides financing for aircraft, trucks, and construction equipment. 1st Source Insurance provides insurance products and services.

FDMT vs SRCE — Head-to-Head

Bigger by revenue
SRCE
SRCE
1.3× larger
SRCE
$113.1M
$85.1M
FDMT
Growing faster (revenue YoY)
FDMT
FDMT
+8508891.3% gap
FDMT
8508900.0%
8.7%
SRCE
Higher net margin
SRCE
SRCE
12.5% more per $
SRCE
35.3%
22.8%
FDMT
More free cash flow
SRCE
SRCE
$29.6M more FCF
SRCE
$58.1M
$28.5M
FDMT
Faster 2-yr revenue CAGR
FDMT
FDMT
Annualised
FDMT
5412.6%
7.8%
SRCE

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FDMT
FDMT
SRCE
SRCE
Revenue
$85.1M
$113.1M
Net Profit
$19.4M
$40.0M
Gross Margin
Operating Margin
17.3%
45.4%
Net Margin
22.8%
35.3%
Revenue YoY
8508900.0%
8.7%
Net Profit YoY
139.1%
6.5%
EPS (diluted)
$0.43
$1.63

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
SRCE
SRCE
Q1 26
$113.1M
Q4 25
$85.1M
$110.8M
Q3 25
$90.0K
$110.7M
Q2 25
$15.0K
$108.2M
Q1 25
$14.0K
$104.0M
Q4 24
$1.0K
$97.8M
Q3 24
$3.0K
$97.9M
Q2 24
$5.0K
$97.3M
Net Profit
FDMT
FDMT
SRCE
SRCE
Q1 26
$40.0M
Q4 25
$19.4M
$41.1M
Q3 25
$-56.9M
$42.3M
Q2 25
$-54.7M
$37.3M
Q1 25
$-48.0M
$37.5M
Q4 24
$31.4M
Q3 24
$-43.8M
$34.9M
Q2 24
$-35.0M
$36.8M
Operating Margin
FDMT
FDMT
SRCE
SRCE
Q1 26
45.4%
Q4 25
17.3%
Q3 25
-67983.3%
49.7%
Q2 25
-396373.3%
44.5%
Q1 25
-383007.1%
45.8%
Q4 24
Q3 24
-1704400.0%
46.3%
Q2 24
-849120.0%
49.1%
Net Margin
FDMT
FDMT
SRCE
SRCE
Q1 26
35.3%
Q4 25
22.8%
37.1%
Q3 25
-63195.6%
38.2%
Q2 25
-364386.7%
34.5%
Q1 25
-342657.1%
36.1%
Q4 24
32.1%
Q3 24
-1461433.3%
35.7%
Q2 24
-699060.0%
37.8%
EPS (diluted)
FDMT
FDMT
SRCE
SRCE
Q1 26
$1.63
Q4 25
$0.43
$1.67
Q3 25
$-1.01
$1.71
Q2 25
$-0.98
$1.51
Q1 25
$-0.86
$1.52
Q4 24
$1.27
Q3 24
$-0.79
$1.41
Q2 24
$-0.63
$1.49

Balance Sheet & Financial Strength

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

Metric
FDMT
FDMT
SRCE
SRCE
Cash + ST InvestmentsLiquidity on hand
$402.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$505.7M
$1.3B
Total Assets
$566.7M
$9.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FDMT
FDMT
SRCE
SRCE
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
Stockholders' Equity
FDMT
FDMT
SRCE
SRCE
Q1 26
$1.3B
Q4 25
$505.7M
$1.3B
Q3 25
$369.0M
$1.2B
Q2 25
$420.9M
$1.2B
Q1 25
$469.7M
$1.2B
Q4 24
$510.6M
$1.1B
Q3 24
$552.9M
$1.1B
Q2 24
$588.3M
$1.0B
Total Assets
FDMT
FDMT
SRCE
SRCE
Q1 26
$9.1B
Q4 25
$566.7M
$9.1B
Q3 25
$424.0M
$9.1B
Q2 25
$473.6M
$9.1B
Q1 25
$515.7M
$9.0B
Q4 24
$560.4M
$8.9B
Q3 24
$604.0M
$8.8B
Q2 24
$620.1M
$8.9B

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
SRCE
SRCE
Operating Cash FlowLast quarter
$28.6M
$59.1M
Free Cash FlowOCF − Capex
$28.5M
$58.1M
FCF MarginFCF / Revenue
33.5%
51.4%
Capex IntensityCapex / Revenue
0.1%
0.9%
Cash ConversionOCF / Net Profit
1.47×
1.48×
TTM Free Cash FlowTrailing 4 quarters
$-109.9M
$361.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FDMT
FDMT
SRCE
SRCE
Q1 26
$59.1M
Q4 25
$28.6M
$223.1M
Q3 25
$-46.5M
$51.0M
Q2 25
$-43.4M
$44.9M
Q1 25
$-47.8M
$71.8M
Q4 24
$-134.6M
$193.9M
Q3 24
$-29.4M
$68.4M
Q2 24
$-30.2M
$50.0M
Free Cash Flow
FDMT
FDMT
SRCE
SRCE
Q1 26
$58.1M
Q4 25
$28.5M
$213.0M
Q3 25
$-46.6M
$47.3M
Q2 25
$-43.4M
$43.0M
Q1 25
$-48.4M
$69.3M
Q4 24
$-138.4M
$181.5M
Q3 24
$-31.2M
$66.7M
Q2 24
$-30.6M
$46.4M
FCF Margin
FDMT
FDMT
SRCE
SRCE
Q1 26
51.4%
Q4 25
33.5%
192.2%
Q3 25
-51765.6%
42.7%
Q2 25
-289620.0%
39.8%
Q1 25
-345635.7%
66.6%
Q4 24
-13837100.0%
185.5%
Q3 24
-1038966.7%
68.1%
Q2 24
-611840.0%
47.7%
Capex Intensity
FDMT
FDMT
SRCE
SRCE
Q1 26
0.9%
Q4 25
0.1%
9.1%
Q3 25
101.1%
3.4%
Q2 25
440.0%
1.7%
Q1 25
4507.1%
2.4%
Q4 24
378600.0%
12.6%
Q3 24
59266.7%
1.7%
Q2 24
6980.0%
3.7%
Cash Conversion
FDMT
FDMT
SRCE
SRCE
Q1 26
1.48×
Q4 25
1.47×
5.42×
Q3 25
1.21×
Q2 25
1.20×
Q1 25
1.91×
Q4 24
6.17×
Q3 24
1.96×
Q2 24
1.36×

Financial Flow Comparison

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

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