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Side-by-side financial comparison of Foghorn Therapeutics Inc. (FHTX) and Marti Technologies, Inc. (MRT). Click either name above to swap in a different company.

Marti Technologies, Inc. is the larger business by last-quarter revenue ($14.6M vs $9.2M, roughly 1.6× Foghorn Therapeutics Inc.). On growth, Foghorn Therapeutics Inc. posted the faster year-over-year revenue change (223.8% vs 63.1%).

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.

The Marti Group is a Swiss construction company, consisting of over 80 subsidiaries, officially owned by Marti Holding AG. Besides Switzerland, they are active in neighboring countries such as Germany and Austria, and also outside of Europe such as China and Chile. The company is known for high-profile public and private sector projects and using innovative technologies. Their areas of expertise include building construction, construction and renovation of tunnels, road construction, hydrauli...

FHTX vs MRT — Head-to-Head

Bigger by revenue
MRT
MRT
1.6× larger
MRT
$14.6M
$9.2M
FHTX
Growing faster (revenue YoY)
FHTX
FHTX
+160.7% gap
FHTX
223.8%
63.1%
MRT

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
FHTX
FHTX
MRT
MRT
Revenue
$9.2M
$14.6M
Net Profit
$-21.7M
Gross Margin
49.4%
Operating Margin
-258.2%
-86.1%
Net Margin
-234.3%
Revenue YoY
223.8%
63.1%
Net Profit YoY
-11.1%
EPS (diluted)
$-0.35
$-0.26

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
MRT
MRT
Q4 25
$9.2M
Q3 25
$8.2M
Q2 25
$7.6M
$14.6M
Q1 25
$6.0M
Q4 24
$2.9M
Q3 24
$7.8M
Q2 24
$6.9M
$8.9M
Q1 24
$5.0M
Net Profit
FHTX
FHTX
MRT
MRT
Q4 25
$-21.7M
Q3 25
$-15.8M
Q2 25
$-17.9M
Q1 25
$-18.8M
Q4 24
$-19.5M
Q3 24
$-19.1M
Q2 24
$-23.0M
Q1 24
$-25.0M
Gross Margin
FHTX
FHTX
MRT
MRT
Q4 25
Q3 25
Q2 25
49.4%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
FHTX
FHTX
MRT
MRT
Q4 25
-258.2%
Q3 25
-226.9%
Q2 25
-279.2%
-86.1%
Q1 25
-385.0%
Q4 24
-840.5%
Q3 24
-305.5%
Q2 24
-386.6%
-204.1%
Q1 24
-558.3%
Net Margin
FHTX
FHTX
MRT
MRT
Q4 25
-234.3%
Q3 25
-194.4%
Q2 25
-237.3%
Q1 25
-316.4%
Q4 24
-682.9%
Q3 24
-244.9%
Q2 24
-333.6%
Q1 24
-495.4%
EPS (diluted)
FHTX
FHTX
MRT
MRT
Q4 25
$-0.35
Q3 25
$-0.25
Q2 25
$-0.28
$-0.26
Q1 25
$-0.30
Q4 24
$-0.23
Q3 24
$-0.31
Q2 24
$-0.45
$-0.38
Q1 24
$-0.59

Balance Sheet & Financial Strength

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

Metric
FHTX
FHTX
MRT
MRT
Cash + ST InvestmentsLiquidity on hand
$80.9M
$4.2M
Total DebtLower is stronger
$83.0M
Stockholders' EquityBook value
$-108.5M
$-73.2M
Total Assets
$198.1M
$17.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FHTX
FHTX
MRT
MRT
Q4 25
$80.9M
Q3 25
$89.3M
Q2 25
$72.6M
$4.2M
Q1 25
$61.0M
Q4 24
$55.5M
Q3 24
$57.7M
Q2 24
$138.9M
$9.0M
Q1 24
$79.3M
Total Debt
FHTX
FHTX
MRT
MRT
Q4 25
Q3 25
Q2 25
$83.0M
Q1 25
Q4 24
Q3 24
Q2 24
$60.2M
Q1 24
Stockholders' Equity
FHTX
FHTX
MRT
MRT
Q4 25
$-108.5M
Q3 25
$-89.7M
Q2 25
$-76.7M
$-73.2M
Q1 25
$-61.7M
Q4 24
$-45.5M
Q3 24
$-28.3M
Q2 24
$-14.3M
$-51.2M
Q1 24
$-97.5M
Total Assets
FHTX
FHTX
MRT
MRT
Q4 25
$198.1M
Q3 25
$205.0M
Q2 25
$226.2M
$17.2M
Q1 25
$258.7M
Q4 24
$284.0M
Q3 24
$308.4M
Q2 24
$328.6M
$25.0M
Q1 24
$255.0M

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
MRT
MRT
Operating Cash FlowLast quarter
$-22.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
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
MRT
MRT
Q4 25
$-22.3M
Q3 25
$-18.9M
Q2 25
$-21.0M
Q1 25
$-24.0M
Q4 24
$-24.5M
Q3 24
$-21.0M
Q2 24
$-25.5M
Q1 24
$-29.3M
Free Cash Flow
FHTX
FHTX
MRT
MRT
Q4 25
Q3 25
Q2 25
$-21.0M
Q1 25
$-24.0M
Q4 24
$-25.0M
Q3 24
$-21.3M
Q2 24
$-25.6M
Q1 24
$-29.4M
FCF Margin
FHTX
FHTX
MRT
MRT
Q4 25
Q3 25
Q2 25
-278.2%
Q1 25
-403.2%
Q4 24
-875.3%
Q3 24
-273.0%
Q2 24
-371.0%
Q1 24
-583.1%
Capex Intensity
FHTX
FHTX
MRT
MRT
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.3%
Q1 25
0.5%
Q4 24
16.8%
Q3 24
4.0%
Q2 24
0.2%
Q1 24
2.0%

Financial Flow Comparison

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

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