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Side-by-side financial comparison of Foghorn Therapeutics Inc. (FHTX) and Navitas Semiconductor Corp (NVTS). Click either name above to swap in a different company.

Foghorn Therapeutics Inc. is the larger business by last-quarter revenue ($9.2M vs $7.3M, roughly 1.3× Navitas Semiconductor Corp). Foghorn Therapeutics Inc. runs the higher net margin — -234.3% vs -436.1%, a 201.8% gap on every dollar of revenue. On growth, Foghorn Therapeutics Inc. posted the faster year-over-year revenue change (223.8% vs -59.4%). Over the past eight quarters, Foghorn Therapeutics Inc.'s revenue compounded faster (35.3% CAGR vs -43.9%).

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.

Navitas Semiconductor Corp is a leading global semiconductor firm specializing in gallium nitride (GaN) power integrated circuits. Its high-efficiency, compact power solutions serve consumer electronics, electric vehicles, renewable energy, and industrial sectors, with clients spanning North America, Asia, and Europe.

FHTX vs NVTS — Head-to-Head

Bigger by revenue
FHTX
FHTX
1.3× larger
FHTX
$9.2M
$7.3M
NVTS
Growing faster (revenue YoY)
FHTX
FHTX
+283.2% gap
FHTX
223.8%
-59.4%
NVTS
Higher net margin
FHTX
FHTX
201.8% more per $
FHTX
-234.3%
-436.1%
NVTS
Faster 2-yr revenue CAGR
FHTX
FHTX
Annualised
FHTX
35.3%
-43.9%
NVTS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FHTX
FHTX
NVTS
NVTS
Revenue
$9.2M
$7.3M
Net Profit
$-21.7M
$-31.8M
Gross Margin
38.1%
Operating Margin
-258.2%
-567.3%
Net Margin
-234.3%
-436.1%
Revenue YoY
223.8%
-59.4%
Net Profit YoY
-11.1%
20.2%
EPS (diluted)
$-0.35
$-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.

Revenue
FHTX
FHTX
NVTS
NVTS
Q4 25
$9.2M
$7.3M
Q3 25
$8.2M
$10.1M
Q2 25
$7.6M
$14.5M
Q1 25
$6.0M
$14.0M
Q4 24
$2.9M
$18.0M
Q3 24
$7.8M
$21.7M
Q2 24
$6.9M
$20.5M
Q1 24
$5.0M
$23.2M
Net Profit
FHTX
FHTX
NVTS
NVTS
Q4 25
$-21.7M
$-31.8M
Q3 25
$-15.8M
$-19.2M
Q2 25
$-17.9M
$-49.1M
Q1 25
$-18.8M
$-16.8M
Q4 24
$-19.5M
$-39.9M
Q3 24
$-19.1M
$-18.7M
Q2 24
$-23.0M
$-22.3M
Q1 24
$-25.0M
$-3.7M
Gross Margin
FHTX
FHTX
NVTS
NVTS
Q4 25
38.1%
Q3 25
37.9%
Q2 25
16.1%
Q1 25
37.9%
Q4 24
12.4%
Q3 24
39.7%
Q2 24
39.0%
Q1 24
41.1%
Operating Margin
FHTX
FHTX
NVTS
NVTS
Q4 25
-258.2%
-567.3%
Q3 25
-226.9%
-192.0%
Q2 25
-279.2%
-149.4%
Q1 25
-385.0%
-180.5%
Q4 24
-840.5%
-216.9%
Q3 24
-305.5%
-133.6%
Q2 24
-386.6%
-152.1%
Q1 24
-558.3%
-136.2%
Net Margin
FHTX
FHTX
NVTS
NVTS
Q4 25
-234.3%
-436.1%
Q3 25
-194.4%
-190.2%
Q2 25
-237.3%
-338.7%
Q1 25
-316.4%
-120.1%
Q4 24
-682.9%
-221.7%
Q3 24
-244.9%
-86.4%
Q2 24
-333.6%
-109.1%
Q1 24
-495.4%
-15.9%
EPS (diluted)
FHTX
FHTX
NVTS
NVTS
Q4 25
$-0.35
$-0.14
Q3 25
$-0.25
$-0.09
Q2 25
$-0.28
$-0.25
Q1 25
$-0.30
$-0.09
Q4 24
$-0.23
$-0.22
Q3 24
$-0.31
$-0.10
Q2 24
$-0.45
$-0.12
Q1 24
$-0.59
$-0.02

Balance Sheet & Financial Strength

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

Metric
FHTX
FHTX
NVTS
NVTS
Cash + ST InvestmentsLiquidity on hand
$80.9M
$236.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$-108.5M
$443.7M
Total Assets
$198.1M
$500.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FHTX
FHTX
NVTS
NVTS
Q4 25
$80.9M
$236.9M
Q3 25
$89.3M
$150.6M
Q2 25
$72.6M
$161.2M
Q1 25
$61.0M
$75.1M
Q4 24
$55.5M
$86.7M
Q3 24
$57.7M
$98.3M
Q2 24
$138.9M
$111.7M
Q1 24
$79.3M
$128.9M
Stockholders' Equity
FHTX
FHTX
NVTS
NVTS
Q4 25
$-108.5M
$443.7M
Q3 25
$-89.7M
$371.0M
Q2 25
$-76.7M
$388.9M
Q1 25
$-61.7M
$341.8M
Q4 24
$-45.5M
$348.0M
Q3 24
$-28.3M
$380.8M
Q2 24
$-14.3M
$388.1M
Q1 24
$-97.5M
$397.9M
Total Assets
FHTX
FHTX
NVTS
NVTS
Q4 25
$198.1M
$500.5M
Q3 25
$205.0M
$430.2M
Q2 25
$226.2M
$449.4M
Q1 25
$258.7M
$370.8M
Q4 24
$284.0M
$390.0M
Q3 24
$308.4M
$419.4M
Q2 24
$328.6M
$439.1M
Q1 24
$255.0M
$467.9M

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
NVTS
NVTS
Operating Cash FlowLast quarter
$-22.3M
$-8.1M
Free Cash FlowOCF − Capex
$-8.2M
FCF MarginFCF / Revenue
-111.8%
Capex IntensityCapex / Revenue
0.0%
0.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-44.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FHTX
FHTX
NVTS
NVTS
Q4 25
$-22.3M
$-8.1M
Q3 25
$-18.9M
$-10.0M
Q2 25
$-21.0M
$-11.2M
Q1 25
$-24.0M
$-13.5M
Q4 24
$-24.5M
$-10.2M
Q3 24
$-21.0M
$-13.7M
Q2 24
$-25.5M
$-15.1M
Q1 24
$-29.3M
$-19.8M
Free Cash Flow
FHTX
FHTX
NVTS
NVTS
Q4 25
$-8.2M
Q3 25
$-10.7M
Q2 25
$-21.0M
$-11.9M
Q1 25
$-24.0M
$-13.6M
Q4 24
$-25.0M
$-10.8M
Q3 24
$-21.3M
$-14.3M
Q2 24
$-25.6M
$-17.9M
Q1 24
$-29.4M
$-22.7M
FCF Margin
FHTX
FHTX
NVTS
NVTS
Q4 25
-111.8%
Q3 25
-106.1%
Q2 25
-278.2%
-82.2%
Q1 25
-403.2%
-96.8%
Q4 24
-875.3%
-59.8%
Q3 24
-273.0%
-65.9%
Q2 24
-371.0%
-87.3%
Q1 24
-583.1%
-97.9%
Capex Intensity
FHTX
FHTX
NVTS
NVTS
Q4 25
0.0%
0.7%
Q3 25
0.0%
7.0%
Q2 25
0.3%
4.7%
Q1 25
0.5%
0.3%
Q4 24
16.8%
3.1%
Q3 24
4.0%
2.6%
Q2 24
0.2%
13.4%
Q1 24
2.0%
12.5%

Financial Flow Comparison

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

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