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

STRATASYS LTD. is the larger business by last-quarter revenue ($137.0M vs $85.1M, roughly 1.6× 4D Molecular Therapeutics, Inc.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs -40.6%, a 63.4% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs -2.2%). 4D Molecular Therapeutics, Inc. produced more free cash flow last quarter ($28.5M vs $2.5M). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs -7.4%).

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.

Stratasys, Ltd. is an American-Israeli manufacturer of 3D printers, software, and materials for polymer additive manufacturing as well as 3D-printed parts on-demand. The company is incorporated in Israel. Engineers use Stratasys systems to model complex geometries in a wide range of polymer materials, including: ABS, polyphenylsulfone (PPSF), polycarbonate (PC), polyetherimide and Nylon 12.

FDMT vs SSYS — Head-to-Head

Bigger by revenue
SSYS
SSYS
1.6× larger
SSYS
$137.0M
$85.1M
FDMT
Growing faster (revenue YoY)
FDMT
FDMT
+8508902.2% gap
FDMT
8508900.0%
-2.2%
SSYS
Higher net margin
FDMT
FDMT
63.4% more per $
FDMT
22.8%
-40.6%
SSYS
More free cash flow
FDMT
FDMT
$26.0M more FCF
FDMT
$28.5M
$2.5M
SSYS
Faster 2-yr revenue CAGR
FDMT
FDMT
Annualised
FDMT
5412.6%
-7.4%
SSYS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FDMT
FDMT
SSYS
SSYS
Revenue
$85.1M
$137.0M
Net Profit
$19.4M
$-55.6M
Gross Margin
41.0%
Operating Margin
17.3%
-16.6%
Net Margin
22.8%
-40.6%
Revenue YoY
8508900.0%
-2.2%
Net Profit YoY
139.1%
-109.0%
EPS (diluted)
$0.43

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
SSYS
SSYS
Q4 25
$85.1M
Q3 25
$90.0K
$137.0M
Q2 25
$15.0K
$138.1M
Q1 25
$14.0K
$136.0M
Q4 24
$1.0K
Q3 24
$3.0K
$140.0M
Q2 24
$5.0K
$138.0M
Q1 24
$28.0K
$144.1M
Net Profit
FDMT
FDMT
SSYS
SSYS
Q4 25
$19.4M
Q3 25
$-56.9M
$-55.6M
Q2 25
$-54.7M
$-16.7M
Q1 25
$-48.0M
$-13.1M
Q4 24
Q3 24
$-43.8M
$-26.6M
Q2 24
$-35.0M
$-25.7M
Q1 24
$-32.4M
$-26.0M
Gross Margin
FDMT
FDMT
SSYS
SSYS
Q4 25
Q3 25
41.0%
Q2 25
43.1%
Q1 25
44.3%
Q4 24
Q3 24
44.8%
Q2 24
43.8%
Q1 24
44.4%
Operating Margin
FDMT
FDMT
SSYS
SSYS
Q4 25
17.3%
Q3 25
-67983.3%
-16.6%
Q2 25
-396373.3%
-12.0%
Q1 25
-383007.1%
-9.1%
Q4 24
Q3 24
-1704400.0%
-18.2%
Q2 24
-849120.0%
-18.9%
Q1 24
-136200.0%
-17.0%
Net Margin
FDMT
FDMT
SSYS
SSYS
Q4 25
22.8%
Q3 25
-63195.6%
-40.6%
Q2 25
-364386.7%
-12.1%
Q1 25
-342657.1%
-9.6%
Q4 24
Q3 24
-1461433.3%
-19.0%
Q2 24
-699060.0%
-18.6%
Q1 24
-115717.9%
-18.0%
EPS (diluted)
FDMT
FDMT
SSYS
SSYS
Q4 25
$0.43
Q3 25
$-1.01
Q2 25
$-0.98
Q1 25
$-0.86
Q4 24
Q3 24
$-0.79
Q2 24
$-0.63
Q1 24
$-0.66

Balance Sheet & Financial Strength

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

Metric
FDMT
FDMT
SSYS
SSYS
Cash + ST InvestmentsLiquidity on hand
$402.7M
$71.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$505.7M
$852.5M
Total Assets
$566.7M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FDMT
FDMT
SSYS
SSYS
Q4 25
$402.7M
Q3 25
$305.1M
$71.5M
Q2 25
$293.2M
$71.1M
Q1 25
$321.4M
$70.1M
Q4 24
$424.9M
Q3 24
$501.9M
$64.0M
Q2 24
$541.9M
$70.9M
Q1 24
$525.9M
$91.1M
Stockholders' Equity
FDMT
FDMT
SSYS
SSYS
Q4 25
$505.7M
Q3 25
$369.0M
$852.5M
Q2 25
$420.9M
$902.4M
Q1 25
$469.7M
$784.8M
Q4 24
$510.6M
Q3 24
$552.9M
$831.8M
Q2 24
$588.3M
$850.5M
Q1 24
$600.6M
$866.1M
Total Assets
FDMT
FDMT
SSYS
SSYS
Q4 25
$566.7M
Q3 25
$424.0M
$1.1B
Q2 25
$473.6M
$1.1B
Q1 25
$515.7M
$1.0B
Q4 24
$560.4M
Q3 24
$604.0M
$1.1B
Q2 24
$620.1M
$1.1B
Q1 24
$629.9M
$1.1B

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
SSYS
SSYS
Operating Cash FlowLast quarter
$28.6M
$6.9M
Free Cash FlowOCF − Capex
$28.5M
$2.5M
FCF MarginFCF / Revenue
33.5%
1.8%
Capex IntensityCapex / Revenue
0.1%
3.2%
Cash ConversionOCF / Net Profit
1.47×
TTM Free Cash FlowTrailing 4 quarters
$-109.9M
$-11.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FDMT
FDMT
SSYS
SSYS
Q4 25
$28.6M
Q3 25
$-46.5M
$6.9M
Q2 25
$-43.4M
$-1.1M
Q1 25
$-47.8M
$4.5M
Q4 24
$-134.6M
Q3 24
$-29.4M
$-4.5M
Q2 24
$-30.2M
$-2.4M
Q1 24
$-29.1M
$7.3M
Free Cash Flow
FDMT
FDMT
SSYS
SSYS
Q4 25
$28.5M
Q3 25
$-46.6M
$2.5M
Q2 25
$-43.4M
$-8.4M
Q1 25
$-48.4M
$789.0K
Q4 24
$-138.4M
Q3 24
$-31.2M
$-6.3M
Q2 24
$-30.6M
$-4.9M
Q1 24
$-29.8M
$5.0M
FCF Margin
FDMT
FDMT
SSYS
SSYS
Q4 25
33.5%
Q3 25
-51765.6%
1.8%
Q2 25
-289620.0%
-6.1%
Q1 25
-345635.7%
0.6%
Q4 24
-13837100.0%
Q3 24
-1038966.7%
-4.5%
Q2 24
-611840.0%
-3.6%
Q1 24
-106421.4%
3.5%
Capex Intensity
FDMT
FDMT
SSYS
SSYS
Q4 25
0.1%
Q3 25
101.1%
3.2%
Q2 25
440.0%
5.3%
Q1 25
4507.1%
2.8%
Q4 24
378600.0%
Q3 24
59266.7%
1.3%
Q2 24
6980.0%
1.8%
Q1 24
2535.7%
1.6%
Cash Conversion
FDMT
FDMT
SSYS
SSYS
Q4 25
1.47×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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