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Side-by-side financial comparison of 4D Molecular Therapeutics, Inc. (FDMT) and Third Coast Bancshares, Inc. (TCBX). 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 $57.7M, roughly 1.5× Third Coast Bancshares, Inc.). Third Coast Bancshares, Inc. runs the higher net margin — 28.4% vs 22.8%, a 5.6% gap on every dollar of revenue. Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 17.5%).

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.

Third Coast Bancshares, Inc. is a regional financial holding company headquartered in the U.S. Gulf Coast region. It provides a full suite of commercial and retail banking services including deposit products, business and consumer loans, mortgage services, and wealth management solutions, serving local small and medium-sized enterprises, individual consumers, and community clients across Texas and surrounding areas.

FDMT vs TCBX — Head-to-Head

Bigger by revenue
FDMT
FDMT
1.5× larger
FDMT
$85.1M
$57.7M
TCBX
Higher net margin
TCBX
TCBX
5.6% more per $
TCBX
28.4%
22.8%
FDMT
Faster 2-yr revenue CAGR
FDMT
FDMT
Annualised
FDMT
5412.6%
17.5%
TCBX

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FDMT
FDMT
TCBX
TCBX
Revenue
$85.1M
$57.7M
Net Profit
$19.4M
$16.4M
Gross Margin
Operating Margin
17.3%
Net Margin
22.8%
28.4%
Revenue YoY
8508900.0%
Net Profit YoY
139.1%
20.5%
EPS (diluted)
$0.43
$0.88

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
TCBX
TCBX
Q1 26
$57.7M
Q4 25
$85.1M
$56.5M
Q3 25
$90.0K
$54.5M
Q2 25
$15.0K
$52.0M
Q1 25
$14.0K
$45.9M
Q4 24
$1.0K
$46.3M
Q3 24
$3.0K
$42.9M
Q2 24
$5.0K
$41.7M
Net Profit
FDMT
FDMT
TCBX
TCBX
Q1 26
$16.4M
Q4 25
$19.4M
$17.9M
Q3 25
$-56.9M
$18.1M
Q2 25
$-54.7M
$16.7M
Q1 25
$-48.0M
$13.6M
Q4 24
$13.7M
Q3 24
$-43.8M
$12.8M
Q2 24
$-35.0M
$10.8M
Operating Margin
FDMT
FDMT
TCBX
TCBX
Q1 26
Q4 25
17.3%
38.1%
Q3 25
-67983.3%
41.9%
Q2 25
-396373.3%
40.5%
Q1 25
-383007.1%
37.8%
Q4 24
38.7%
Q3 24
-1704400.0%
37.9%
Q2 24
-849120.0%
34.1%
Net Margin
FDMT
FDMT
TCBX
TCBX
Q1 26
28.4%
Q4 25
22.8%
31.7%
Q3 25
-63195.6%
33.1%
Q2 25
-364386.7%
32.2%
Q1 25
-342657.1%
29.6%
Q4 24
29.7%
Q3 24
-1461433.3%
29.8%
Q2 24
-699060.0%
25.9%
EPS (diluted)
FDMT
FDMT
TCBX
TCBX
Q1 26
$0.88
Q4 25
$0.43
$1.02
Q3 25
$-1.01
$1.03
Q2 25
$-0.98
$0.96
Q1 25
$-0.86
$0.78
Q4 24
$0.80
Q3 24
$-0.79
$0.74
Q2 24
$-0.63
$0.63

Balance Sheet & Financial Strength

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

Metric
FDMT
FDMT
TCBX
TCBX
Cash + ST InvestmentsLiquidity on hand
$402.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$505.7M
$650.5M
Total Assets
$566.7M
$6.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FDMT
FDMT
TCBX
TCBX
Q1 26
Q4 25
$402.7M
$175.2M
Q3 25
$305.1M
$116.4M
Q2 25
$293.2M
$113.1M
Q1 25
$321.4M
$219.0M
Q4 24
$424.9M
$371.2M
Q3 24
$501.9M
$258.2M
Q2 24
$541.9M
$241.8M
Stockholders' Equity
FDMT
FDMT
TCBX
TCBX
Q1 26
$650.5M
Q4 25
$505.7M
$531.0M
Q3 25
$369.0M
$513.8M
Q2 25
$420.9M
$496.1M
Q1 25
$469.7M
$479.8M
Q4 24
$510.6M
$460.7M
Q3 24
$552.9M
$450.5M
Q2 24
$588.3M
$435.0M
Total Assets
FDMT
FDMT
TCBX
TCBX
Q1 26
$6.6B
Q4 25
$566.7M
$5.3B
Q3 25
$424.0M
$5.1B
Q2 25
$473.6M
$4.9B
Q1 25
$515.7M
$4.9B
Q4 24
$560.4M
$4.9B
Q3 24
$604.0M
$4.6B
Q2 24
$620.1M
$4.5B

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
TCBX
TCBX
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.

Operating Cash Flow
FDMT
FDMT
TCBX
TCBX
Q1 26
Q4 25
$28.6M
$50.8M
Q3 25
$-46.5M
$20.7M
Q2 25
$-43.4M
$13.9M
Q1 25
$-47.8M
$10.5M
Q4 24
$-134.6M
$35.1M
Q3 24
$-29.4M
$22.0M
Q2 24
$-30.2M
$7.3M
Free Cash Flow
FDMT
FDMT
TCBX
TCBX
Q1 26
Q4 25
$28.5M
Q3 25
$-46.6M
Q2 25
$-43.4M
Q1 25
$-48.4M
Q4 24
$-138.4M
$33.4M
Q3 24
$-31.2M
Q2 24
$-30.6M
FCF Margin
FDMT
FDMT
TCBX
TCBX
Q1 26
Q4 25
33.5%
Q3 25
-51765.6%
Q2 25
-289620.0%
Q1 25
-345635.7%
Q4 24
-13837100.0%
72.1%
Q3 24
-1038966.7%
Q2 24
-611840.0%
Capex Intensity
FDMT
FDMT
TCBX
TCBX
Q1 26
Q4 25
0.1%
Q3 25
101.1%
Q2 25
440.0%
Q1 25
4507.1%
Q4 24
378600.0%
3.8%
Q3 24
59266.7%
Q2 24
6980.0%
Cash Conversion
FDMT
FDMT
TCBX
TCBX
Q1 26
Q4 25
1.47×
2.84×
Q3 25
1.15×
Q2 25
0.83×
Q1 25
0.77×
Q4 24
2.56×
Q3 24
1.72×
Q2 24
0.68×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FDMT
FDMT

Segment breakdown not available.

TCBX
TCBX

Net Interest Income$53.6M93%
Noninterest Income$4.0M7%

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