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Side-by-side financial comparison of 4D Molecular Therapeutics, Inc. (FDMT) and Twin Hospitality Group Inc. (TWNP). 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 $82.3M, roughly 1.0× Twin Hospitality Group Inc.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs -29.7%, a 52.5% gap on every dollar of revenue. 4D Molecular Therapeutics, Inc. produced more free cash flow last quarter ($28.5M vs $-7.4M).

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 TWNP — Head-to-Head

Bigger by revenue
FDMT
FDMT
1.0× larger
FDMT
$85.1M
$82.3M
TWNP
Higher net margin
FDMT
FDMT
52.5% more per $
FDMT
22.8%
-29.7%
TWNP
More free cash flow
FDMT
FDMT
$35.9M more FCF
FDMT
$28.5M
$-7.4M
TWNP

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FDMT
FDMT
TWNP
TWNP
Revenue
$85.1M
$82.3M
Net Profit
$19.4M
$-24.5M
Gross Margin
Operating Margin
17.3%
-16.2%
Net Margin
22.8%
-29.7%
Revenue YoY
8508900.0%
Net Profit YoY
139.1%
EPS (diluted)
$0.43
$-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
TWNP
TWNP
Q4 25
$85.1M
Q3 25
$90.0K
$82.3M
Q2 25
$15.0K
$87.8M
Q1 25
$14.0K
$87.1M
Q4 24
$1.0K
Q3 24
$3.0K
Q2 24
$5.0K
Q1 24
$28.0K
Net Profit
FDMT
FDMT
TWNP
TWNP
Q4 25
$19.4M
Q3 25
$-56.9M
$-24.5M
Q2 25
$-54.7M
$-20.8M
Q1 25
$-48.0M
$-12.1M
Q4 24
Q3 24
$-43.8M
Q2 24
$-35.0M
Q1 24
$-32.4M
Operating Margin
FDMT
FDMT
TWNP
TWNP
Q4 25
17.3%
Q3 25
-67983.3%
-16.2%
Q2 25
-396373.3%
-13.2%
Q1 25
-383007.1%
-1.2%
Q4 24
Q3 24
-1704400.0%
Q2 24
-849120.0%
Q1 24
-136200.0%
Net Margin
FDMT
FDMT
TWNP
TWNP
Q4 25
22.8%
Q3 25
-63195.6%
-29.7%
Q2 25
-364386.7%
-23.7%
Q1 25
-342657.1%
-13.9%
Q4 24
Q3 24
-1461433.3%
Q2 24
-699060.0%
Q1 24
-115717.9%
EPS (diluted)
FDMT
FDMT
TWNP
TWNP
Q4 25
$0.43
Q3 25
$-1.01
$-0.43
Q2 25
$-0.98
$-0.38
Q1 25
$-0.86
$-0.26
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
TWNP
TWNP
Cash + ST InvestmentsLiquidity on hand
$402.7M
Total DebtLower is stronger
$402.8M
Stockholders' EquityBook value
$505.7M
$-92.1M
Total Assets
$566.7M
$516.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FDMT
FDMT
TWNP
TWNP
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
Q1 24
$525.9M
Total Debt
FDMT
FDMT
TWNP
TWNP
Q4 25
Q3 25
$402.8M
Q2 25
$411.3M
Q1 25
$413.0M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FDMT
FDMT
TWNP
TWNP
Q4 25
$505.7M
Q3 25
$369.0M
$-92.1M
Q2 25
$420.9M
$-78.6M
Q1 25
$469.7M
$-101.9M
Q4 24
$510.6M
Q3 24
$552.9M
Q2 24
$588.3M
Q1 24
$600.6M
Total Assets
FDMT
FDMT
TWNP
TWNP
Q4 25
$566.7M
Q3 25
$424.0M
$516.8M
Q2 25
$473.6M
$535.1M
Q1 25
$515.7M
$544.2M
Q4 24
$560.4M
Q3 24
$604.0M
Q2 24
$620.1M
Q1 24
$629.9M

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
TWNP
TWNP
Operating Cash FlowLast quarter
$28.6M
$-5.9M
Free Cash FlowOCF − Capex
$28.5M
$-7.4M
FCF MarginFCF / Revenue
33.5%
-9.0%
Capex IntensityCapex / Revenue
0.1%
1.9%
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
TWNP
TWNP
Q4 25
$28.6M
Q3 25
$-46.5M
$-5.9M
Q2 25
$-43.4M
$-8.8M
Q1 25
$-47.8M
$-5.7M
Q4 24
$-134.6M
Q3 24
$-29.4M
Q2 24
$-30.2M
Q1 24
$-29.1M
Free Cash Flow
FDMT
FDMT
TWNP
TWNP
Q4 25
$28.5M
Q3 25
$-46.6M
$-7.4M
Q2 25
$-43.4M
$-10.6M
Q1 25
$-48.4M
$-9.7M
Q4 24
$-138.4M
Q3 24
$-31.2M
Q2 24
$-30.6M
Q1 24
$-29.8M
FCF Margin
FDMT
FDMT
TWNP
TWNP
Q4 25
33.5%
Q3 25
-51765.6%
-9.0%
Q2 25
-289620.0%
-12.1%
Q1 25
-345635.7%
-11.2%
Q4 24
-13837100.0%
Q3 24
-1038966.7%
Q2 24
-611840.0%
Q1 24
-106421.4%
Capex Intensity
FDMT
FDMT
TWNP
TWNP
Q4 25
0.1%
Q3 25
101.1%
1.9%
Q2 25
440.0%
2.1%
Q1 25
4507.1%
4.6%
Q4 24
378600.0%
Q3 24
59266.7%
Q2 24
6980.0%
Q1 24
2535.7%
Cash Conversion
FDMT
FDMT
TWNP
TWNP
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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