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Side-by-side financial comparison of 4D Molecular Therapeutics, Inc. (FDMT) and Target Hospitality Corp. (TH). 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 $73.5M, roughly 1.2× Target Hospitality Corp.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs -20.3%, a 43.1% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 22.0%). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 0.7%).
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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
FDMT vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $85.1M | $73.5M |
| Net Profit | $19.4M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | 17.3% | -22.9% |
| Net Margin | 22.8% | -20.3% |
| Revenue YoY | 8508900.0% | 22.0% |
| Net Profit YoY | 139.1% | -219.1% |
| EPS (diluted) | $0.43 | $-0.14 |
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.
| Q4 25 | $85.1M | $73.5M | ||
| Q3 25 | $90.0K | $91.6M | ||
| Q2 25 | $15.0K | $54.9M | ||
| Q1 25 | $14.0K | $54.9M | ||
| Q4 24 | $1.0K | $60.2M | ||
| Q3 24 | $3.0K | $65.8M | ||
| Q2 24 | $5.0K | $67.5M | ||
| Q1 24 | $28.0K | $72.4M |
| Q4 25 | $19.4M | $-14.9M | ||
| Q3 25 | $-56.9M | $-795.0K | ||
| Q2 25 | $-54.7M | $-14.9M | ||
| Q1 25 | $-48.0M | $-6.5M | ||
| Q4 24 | — | $12.5M | ||
| Q3 24 | $-43.8M | $20.0M | ||
| Q2 24 | $-35.0M | $18.4M | ||
| Q1 24 | $-32.4M | $20.4M |
| Q4 25 | — | 9.6% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | -0.6% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 61.5% | ||
| Q3 24 | — | 68.7% | ||
| Q2 24 | — | 69.4% | ||
| Q1 24 | — | 67.8% |
| Q4 25 | 17.3% | -22.9% | ||
| Q3 25 | -67983.3% | 0.1% | ||
| Q2 25 | -396373.3% | -30.8% | ||
| Q1 25 | -383007.1% | -2.0% | ||
| Q4 24 | — | 34.5% | ||
| Q3 24 | -1704400.0% | 42.5% | ||
| Q2 24 | -849120.0% | 43.8% | ||
| Q1 24 | -136200.0% | 42.0% |
| Q4 25 | 22.8% | -20.3% | ||
| Q3 25 | -63195.6% | -0.9% | ||
| Q2 25 | -364386.7% | -27.2% | ||
| Q1 25 | -342657.1% | -11.8% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | -1461433.3% | 30.4% | ||
| Q2 24 | -699060.0% | 27.2% | ||
| Q1 24 | -115717.9% | 28.2% |
| Q4 25 | $0.43 | $-0.14 | ||
| Q3 25 | $-1.01 | $-0.01 | ||
| Q2 25 | $-0.98 | $-0.15 | ||
| Q1 25 | $-0.86 | $-0.07 | ||
| Q4 24 | — | $0.12 | ||
| Q3 24 | $-0.79 | $0.20 | ||
| Q2 24 | $-0.63 | $0.18 | ||
| Q1 24 | $-0.66 | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $402.7M | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $505.7M | $389.3M |
| Total Assets | $566.7M | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $402.7M | $8.3M | ||
| Q3 25 | $305.1M | $30.4M | ||
| Q2 25 | $293.2M | $19.2M | ||
| Q1 25 | $321.4M | $34.5M | ||
| Q4 24 | $424.9M | $190.7M | ||
| Q3 24 | $501.9M | $177.7M | ||
| Q2 24 | $541.9M | $154.3M | ||
| Q1 24 | $525.9M | $124.3M |
| Q4 25 | — | $1.7M | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $26.3M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M | ||
| Q1 24 | — | $179.9M |
| Q4 25 | $505.7M | $389.3M | ||
| Q3 25 | $369.0M | $402.4M | ||
| Q2 25 | $420.9M | $401.3M | ||
| Q1 25 | $469.7M | $415.3M | ||
| Q4 24 | $510.6M | $421.1M | ||
| Q3 24 | $552.9M | $417.6M | ||
| Q2 24 | $588.3M | $397.2M | ||
| Q1 24 | $600.6M | $375.5M |
| Q4 25 | $566.7M | $530.2M | ||
| Q3 25 | $424.0M | $541.2M | ||
| Q2 25 | $473.6M | $533.7M | ||
| Q1 25 | $515.7M | $562.5M | ||
| Q4 24 | $560.4M | $725.8M | ||
| Q3 24 | $604.0M | $709.8M | ||
| Q2 24 | $620.1M | $697.0M | ||
| Q1 24 | $629.9M | $687.2M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.48× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $28.6M | $5.7M |
| 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.
| Q4 25 | $28.6M | $5.7M | ||
| Q3 25 | $-46.5M | $53.4M | ||
| Q2 25 | $-43.4M | $11.1M | ||
| Q1 25 | $-47.8M | $3.9M | ||
| Q4 24 | $-134.6M | $30.6M | ||
| Q3 24 | $-29.4M | $31.4M | ||
| Q2 24 | $-30.2M | $39.1M | ||
| Q1 24 | $-29.1M | $50.6M |
| Q4 25 | $28.5M | — | ||
| Q3 25 | $-46.6M | — | ||
| Q2 25 | $-43.4M | — | ||
| Q1 25 | $-48.4M | $-11.6M | ||
| Q4 24 | $-138.4M | — | ||
| Q3 24 | $-31.2M | — | ||
| Q2 24 | $-30.6M | — | ||
| Q1 24 | $-29.8M | — |
| Q4 25 | 33.5% | — | ||
| Q3 25 | -51765.6% | — | ||
| Q2 25 | -289620.0% | — | ||
| Q1 25 | -345635.7% | -21.1% | ||
| Q4 24 | -13837100.0% | — | ||
| Q3 24 | -1038966.7% | — | ||
| Q2 24 | -611840.0% | — | ||
| Q1 24 | -106421.4% | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 101.1% | — | ||
| Q2 25 | 440.0% | — | ||
| Q1 25 | 4507.1% | 28.2% | ||
| Q4 24 | 378600.0% | — | ||
| Q3 24 | 59266.7% | — | ||
| Q2 24 | 6980.0% | — | ||
| Q1 24 | 2535.7% | — |
| Q4 25 | 1.47× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | — | 2.13× | ||
| Q1 24 | — | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FDMT
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
