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Side-by-side financial comparison of Foghorn Therapeutics Inc. (FHTX) and Five Point Holdings, LLC (FPH). Click either name above to swap in a different company.

Five Point Holdings, LLC is the larger business by last-quarter revenue ($13.6M vs $9.2M, roughly 1.5× Foghorn Therapeutics Inc.). Five Point Holdings, LLC runs the higher net margin — -16.4% vs -234.3%, a 217.9% gap on every dollar of revenue. On growth, Foghorn Therapeutics Inc. posted the faster year-over-year revenue change (223.8% vs 3.2%). Over the past eight quarters, Foghorn Therapeutics Inc.'s revenue compounded faster (35.3% CAGR vs -48.5%).

Foghorn Therapeutics Inc. is a clinical-stage biotechnology company dedicated to developing novel therapies targeting the chromatin regulatory system to treat various types of cancer and other severe diseases. It advances a diverse pipeline of targeted drug candidates, conducting internal R&D and strategic partnerships to serve global patient populations.

Five Point Holdings, LLC is a leading U.S. real estate development company that focuses on planning and constructing large-scale master-planned mixed-use communities in high-demand markets across California. Its projects integrate residential housing, commercial office spaces, retail outlets, public amenities and recreational facilities to build vibrant, sustainable living and working environments for local populations.

FHTX vs FPH — Head-to-Head

Bigger by revenue
FPH
FPH
1.5× larger
FPH
$13.6M
$9.2M
FHTX
Growing faster (revenue YoY)
FHTX
FHTX
+220.6% gap
FHTX
223.8%
3.2%
FPH
Higher net margin
FPH
FPH
217.9% more per $
FPH
-16.4%
-234.3%
FHTX
Faster 2-yr revenue CAGR
FHTX
FHTX
Annualised
FHTX
35.3%
-48.5%
FPH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FHTX
FHTX
FPH
FPH
Revenue
$9.2M
$13.6M
Net Profit
$-21.7M
$-2.2M
Gross Margin
Operating Margin
-258.2%
-43.5%
Net Margin
-234.3%
-16.4%
Revenue YoY
223.8%
3.2%
Net Profit YoY
-11.1%
-109.6%
EPS (diluted)
$-0.35

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
FHTX
FHTX
FPH
FPH
Q1 26
$13.6M
Q4 25
$9.2M
$75.9M
Q3 25
$8.2M
$13.5M
Q2 25
$7.6M
$7.5M
Q1 25
$6.0M
$13.2M
Q4 24
$2.9M
$159.8M
Q3 24
$7.8M
$17.0M
Q2 24
$6.9M
$51.2M
Net Profit
FHTX
FHTX
FPH
FPH
Q1 26
$-2.2M
Q4 25
$-21.7M
$58.7M
Q3 25
$-15.8M
$21.1M
Q2 25
$-17.9M
$3.3M
Q1 25
$-18.8M
$23.3M
Q4 24
$-19.5M
$121.0M
Q3 24
$-19.1M
$4.8M
Q2 24
$-23.0M
$14.7M
Operating Margin
FHTX
FHTX
FPH
FPH
Q1 26
-43.5%
Q4 25
-258.2%
89.0%
Q3 25
-226.9%
Q2 25
-279.2%
Q1 25
-385.0%
Q4 24
-840.5%
87.5%
Q3 24
-305.5%
83.6%
Q2 24
-386.6%
86.1%
Net Margin
FHTX
FHTX
FPH
FPH
Q1 26
-16.4%
Q4 25
-234.3%
77.3%
Q3 25
-194.4%
156.2%
Q2 25
-237.3%
44.4%
Q1 25
-316.4%
177.0%
Q4 24
-682.9%
75.7%
Q3 24
-244.9%
28.0%
Q2 24
-333.6%
28.8%
EPS (diluted)
FHTX
FHTX
FPH
FPH
Q1 26
Q4 25
$-0.35
Q3 25
$-0.25
Q2 25
$-0.28
Q1 25
$-0.30
Q4 24
$-0.23
Q3 24
$-0.31
Q2 24
$-0.45

Balance Sheet & Financial Strength

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

Metric
FHTX
FHTX
FPH
FPH
Cash + ST InvestmentsLiquidity on hand
$80.9M
$332.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-108.5M
$2.3B
Total Assets
$198.1M
$3.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FHTX
FHTX
FPH
FPH
Q1 26
$332.6M
Q4 25
$80.9M
$425.5M
Q3 25
$89.3M
$351.1M
Q2 25
$72.6M
$456.6M
Q1 25
$61.0M
$528.3M
Q4 24
$55.5M
$430.9M
Q3 24
$57.7M
$224.5M
Q2 24
$138.9M
$217.4M
Stockholders' Equity
FHTX
FHTX
FPH
FPH
Q1 26
$2.3B
Q4 25
$-108.5M
$2.3B
Q3 25
$-89.7M
$2.3B
Q2 25
$-76.7M
$2.2B
Q1 25
$-61.7M
$2.2B
Q4 24
$-45.5M
$2.2B
Q3 24
$-28.3M
$2.0B
Q2 24
$-14.3M
$2.0B
Total Assets
FHTX
FHTX
FPH
FPH
Q1 26
$3.2B
Q4 25
$198.1M
$3.2B
Q3 25
$205.0M
$3.2B
Q2 25
$226.2M
$3.2B
Q1 25
$258.7M
$3.2B
Q4 24
$284.0M
$3.1B
Q3 24
$308.4M
$2.9B
Q2 24
$328.6M
$2.9B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FHTX
FHTX
FPH
FPH
Operating Cash FlowLast quarter
$-22.3M
$-44.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FHTX
FHTX
FPH
FPH
Q1 26
$-44.5M
Q4 25
$-22.3M
$105.2M
Q3 25
$-18.9M
$40.4M
Q2 25
$-21.0M
$-71.6M
Q1 25
$-24.0M
$56.7M
Q4 24
$-24.5M
$116.0M
Q3 24
$-21.0M
$-18.0M
Q2 24
$-25.5M
$-23.2M
Free Cash Flow
FHTX
FHTX
FPH
FPH
Q1 26
Q4 25
$105.0M
Q3 25
Q2 25
$-21.0M
$-71.7M
Q1 25
$-24.0M
$56.7M
Q4 24
$-25.0M
$115.2M
Q3 24
$-21.3M
$-18.2M
Q2 24
$-25.6M
$-23.6M
FCF Margin
FHTX
FHTX
FPH
FPH
Q1 26
Q4 25
138.4%
Q3 25
Q2 25
-278.2%
-959.3%
Q1 25
-403.2%
430.9%
Q4 24
-875.3%
72.1%
Q3 24
-273.0%
-106.9%
Q2 24
-371.0%
-46.1%
Capex Intensity
FHTX
FHTX
FPH
FPH
Q1 26
0.0%
Q4 25
0.0%
0.3%
Q3 25
0.0%
0.0%
Q2 25
0.3%
0.8%
Q1 25
0.5%
0.3%
Q4 24
16.8%
0.5%
Q3 24
4.0%
1.3%
Q2 24
0.2%
0.7%
Cash Conversion
FHTX
FHTX
FPH
FPH
Q1 26
Q4 25
1.79×
Q3 25
1.92×
Q2 25
-21.58×
Q1 25
2.44×
Q4 24
0.96×
Q3 24
-3.77×
Q2 24
-1.58×

Financial Flow Comparison

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

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