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Side-by-side financial comparison of 4D Molecular Therapeutics, Inc. (FDMT) and Star Equity Holdings, Inc. (STRR). 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 $56.8M, roughly 1.5× Star Equity Holdings, Inc.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs -3.0%, a 25.8% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 69.0%). 4D Molecular Therapeutics, Inc. produced more free cash flow last quarter ($28.5M vs $-9.0M). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 29.5%).

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.

Artists Equity is an American production company founded by actors and filmmakers Ben Affleck and Matt Damon in November 2022.

FDMT vs STRR — Head-to-Head

Bigger by revenue
FDMT
FDMT
1.5× larger
FDMT
$85.1M
$56.8M
STRR
Growing faster (revenue YoY)
FDMT
FDMT
+8508831.0% gap
FDMT
8508900.0%
69.0%
STRR
Higher net margin
FDMT
FDMT
25.8% more per $
FDMT
22.8%
-3.0%
STRR
More free cash flow
FDMT
FDMT
$37.4M more FCF
FDMT
$28.5M
$-9.0M
STRR
Faster 2-yr revenue CAGR
FDMT
FDMT
Annualised
FDMT
5412.6%
29.5%
STRR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FDMT
FDMT
STRR
STRR
Revenue
$85.1M
$56.8M
Net Profit
$19.4M
$-1.7M
Gross Margin
Operating Margin
17.3%
-0.2%
Net Margin
22.8%
-3.0%
Revenue YoY
8508900.0%
69.0%
Net Profit YoY
139.1%
-192.1%
EPS (diluted)
$0.43
$-0.49

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
STRR
STRR
Q4 25
$85.1M
$56.8M
Q3 25
$90.0K
$48.0M
Q2 25
$15.0K
$35.5M
Q1 25
$14.0K
$31.9M
Q4 24
$1.0K
$33.6M
Q3 24
$3.0K
$36.9M
Q2 24
$5.0K
$35.7M
Q1 24
$28.0K
$33.9M
Net Profit
FDMT
FDMT
STRR
STRR
Q4 25
$19.4M
$-1.7M
Q3 25
$-56.9M
$-1.8M
Q2 25
$-54.7M
$-688.0K
Q1 25
$-48.0M
$-1.8M
Q4 24
$-585.0K
Q3 24
$-43.8M
$-846.0K
Q2 24
$-35.0M
$-441.0K
Q1 24
$-32.4M
$-2.9M
Gross Margin
FDMT
FDMT
STRR
STRR
Q4 25
Q3 25
43.0%
Q2 25
Q1 25
Q4 24
Q3 24
50.5%
Q2 24
Q1 24
Operating Margin
FDMT
FDMT
STRR
STRR
Q4 25
17.3%
-0.2%
Q3 25
-67983.3%
-3.4%
Q2 25
-396373.3%
-0.6%
Q1 25
-383007.1%
-5.4%
Q4 24
-0.4%
Q3 24
-1704400.0%
-1.2%
Q2 24
-849120.0%
-0.5%
Q1 24
-136200.0%
-9.0%
Net Margin
FDMT
FDMT
STRR
STRR
Q4 25
22.8%
-3.0%
Q3 25
-63195.6%
-3.7%
Q2 25
-364386.7%
-1.9%
Q1 25
-342657.1%
-5.5%
Q4 24
-1.7%
Q3 24
-1461433.3%
-2.3%
Q2 24
-699060.0%
-1.2%
Q1 24
-115717.9%
-8.6%
EPS (diluted)
FDMT
FDMT
STRR
STRR
Q4 25
$0.43
$-0.49
Q3 25
$-1.01
$-0.54
Q2 25
$-0.98
$-0.23
Q1 25
$-0.86
$-0.59
Q4 24
$-0.21
Q3 24
$-0.79
$-0.28
Q2 24
$-0.63
$-0.15
Q1 24
$-0.66
$-0.95

Balance Sheet & Financial Strength

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

Metric
FDMT
FDMT
STRR
STRR
Cash + ST InvestmentsLiquidity on hand
$402.7M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$505.7M
$65.7M
Total Assets
$566.7M
$113.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FDMT
FDMT
STRR
STRR
Q4 25
$402.7M
$10.3M
Q3 25
$305.1M
$15.4M
Q2 25
$293.2M
$16.8M
Q1 25
$321.4M
$16.6M
Q4 24
$424.9M
$17.0M
Q3 24
$501.9M
$15.8M
Q2 24
$541.9M
$14.7M
Q1 24
$525.9M
$20.4M
Total Debt
FDMT
FDMT
STRR
STRR
Q4 25
Q3 25
$6.5M
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FDMT
FDMT
STRR
STRR
Q4 25
$505.7M
$65.7M
Q3 25
$369.0M
$67.8M
Q2 25
$420.9M
$40.1M
Q1 25
$469.7M
$39.5M
Q4 24
$510.6M
$40.4M
Q3 24
$552.9M
$42.9M
Q2 24
$588.3M
$42.6M
Q1 24
$600.6M
$44.3M
Total Assets
FDMT
FDMT
STRR
STRR
Q4 25
$566.7M
$113.2M
Q3 25
$424.0M
$117.1M
Q2 25
$473.6M
$55.6M
Q1 25
$515.7M
$53.2M
Q4 24
$560.4M
$52.6M
Q3 24
$604.0M
$52.6M
Q2 24
$620.1M
$52.6M
Q1 24
$629.9M
$52.6M
Debt / Equity
FDMT
FDMT
STRR
STRR
Q4 25
Q3 25
0.10×
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
Q2 24
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
STRR
STRR
Operating Cash FlowLast quarter
$28.6M
$-7.3M
Free Cash FlowOCF − Capex
$28.5M
$-9.0M
FCF MarginFCF / Revenue
33.5%
-15.8%
Capex IntensityCapex / Revenue
0.1%
3.0%
Cash ConversionOCF / Net Profit
1.47×
TTM Free Cash FlowTrailing 4 quarters
$-109.9M
$-13.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FDMT
FDMT
STRR
STRR
Q4 25
$28.6M
$-7.3M
Q3 25
$-46.5M
$-2.7M
Q2 25
$-43.4M
$139.0K
Q1 25
$-47.8M
$-802.0K
Q4 24
$-134.6M
$-2.8M
Q3 24
$-29.4M
$1.3M
Q2 24
$-30.2M
$-4.3M
Q1 24
$-29.1M
$-1.8M
Free Cash Flow
FDMT
FDMT
STRR
STRR
Q4 25
$28.5M
$-9.0M
Q3 25
$-46.6M
$-3.4M
Q2 25
$-43.4M
$102.0K
Q1 25
$-48.4M
$-808.0K
Q4 24
$-138.4M
$-2.8M
Q3 24
$-31.2M
$1.3M
Q2 24
$-30.6M
$-4.3M
Q1 24
$-29.8M
$-1.8M
FCF Margin
FDMT
FDMT
STRR
STRR
Q4 25
33.5%
-15.8%
Q3 25
-51765.6%
-7.0%
Q2 25
-289620.0%
0.3%
Q1 25
-345635.7%
-2.5%
Q4 24
-13837100.0%
-8.3%
Q3 24
-1038966.7%
3.4%
Q2 24
-611840.0%
-12.0%
Q1 24
-106421.4%
-5.3%
Capex Intensity
FDMT
FDMT
STRR
STRR
Q4 25
0.1%
3.0%
Q3 25
101.1%
1.3%
Q2 25
440.0%
0.1%
Q1 25
4507.1%
0.0%
Q4 24
378600.0%
0.1%
Q3 24
59266.7%
0.0%
Q2 24
6980.0%
0.0%
Q1 24
2535.7%
0.0%
Cash Conversion
FDMT
FDMT
STRR
STRR
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.

Revenue Breakdown by Segment

FDMT
FDMT

Segment breakdown not available.

STRR
STRR

Revenue From Other Contracts With Customers$27.6M49%
Other$24.3M43%
Energy Services Segment$4.9M9%

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