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Side-by-side financial comparison of Foghorn Therapeutics Inc. (FHTX) and NEXPOINT DIVERSIFIED REAL ESTATE TRUST (NXDT). Click either name above to swap in a different company.

NEXPOINT DIVERSIFIED REAL ESTATE TRUST is the larger business by last-quarter revenue ($18.4M vs $9.2M, roughly 2.0× Foghorn Therapeutics Inc.). NEXPOINT DIVERSIFIED REAL ESTATE TRUST runs the higher net margin — -193.1% vs -234.3%, a 41.2% gap on every dollar of revenue. On growth, Foghorn Therapeutics Inc. posted the faster year-over-year revenue change (223.8% vs -29.0%). Over the past eight quarters, Foghorn Therapeutics Inc.'s revenue compounded faster (35.3% CAGR vs 19.9%).

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.

NexPoint Diversified Real Estate Trust is a publicly traded US real estate investment trust. It acquires, manages and optimizes a diversified portfolio covering multifamily housing, industrial facilities, offices and neighborhood retail, generating returns via rental income and long-term property value appreciation.

FHTX vs NXDT — Head-to-Head

Bigger by revenue
NXDT
NXDT
2.0× larger
NXDT
$18.4M
$9.2M
FHTX
Growing faster (revenue YoY)
FHTX
FHTX
+252.8% gap
FHTX
223.8%
-29.0%
NXDT
Higher net margin
NXDT
NXDT
41.2% more per $
NXDT
-193.1%
-234.3%
FHTX
Faster 2-yr revenue CAGR
FHTX
FHTX
Annualised
FHTX
35.3%
19.9%
NXDT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FHTX
FHTX
NXDT
NXDT
Revenue
$9.2M
$18.4M
Net Profit
$-21.7M
$-35.5M
Gross Margin
Operating Margin
-258.2%
-18.8%
Net Margin
-234.3%
-193.1%
Revenue YoY
223.8%
-29.0%
Net Profit YoY
-11.1%
-291.1%
EPS (diluted)
$-0.35
$-0.73

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
NXDT
NXDT
Q4 25
$9.2M
$18.4M
Q3 25
$8.2M
$17.5M
Q2 25
$7.6M
$21.0M
Q1 25
$6.0M
$29.1M
Q4 24
$2.9M
$25.9M
Q3 24
$7.8M
$22.2M
Q2 24
$6.9M
$22.3M
Q1 24
$5.0M
$12.8M
Net Profit
FHTX
FHTX
NXDT
NXDT
Q4 25
$-21.7M
$-35.5M
Q3 25
$-15.8M
$-13.7M
Q2 25
$-17.9M
$-45.3M
Q1 25
$-18.8M
$-34.3M
Q4 24
$-19.5M
$-9.1M
Q3 24
$-19.1M
$-10.0M
Q2 24
$-23.0M
$-9.8M
Q1 24
$-25.0M
$-22.7M
Operating Margin
FHTX
FHTX
NXDT
NXDT
Q4 25
-258.2%
-18.8%
Q3 25
-226.9%
-19.1%
Q2 25
-279.2%
-0.6%
Q1 25
-385.0%
19.0%
Q4 24
-840.5%
3.6%
Q3 24
-305.5%
-26.8%
Q2 24
-386.6%
2.7%
Q1 24
-558.3%
2.1%
Net Margin
FHTX
FHTX
NXDT
NXDT
Q4 25
-234.3%
-193.1%
Q3 25
-194.4%
-78.4%
Q2 25
-237.3%
-215.1%
Q1 25
-316.4%
-118.0%
Q4 24
-682.9%
-35.0%
Q3 24
-244.9%
-45.2%
Q2 24
-333.6%
-43.9%
Q1 24
-495.4%
-177.3%
EPS (diluted)
FHTX
FHTX
NXDT
NXDT
Q4 25
$-0.35
$-0.73
Q3 25
$-0.25
$-0.29
Q2 25
$-0.28
$-0.99
Q1 25
$-0.30
$-0.80
Q4 24
$-0.23
$-0.20
Q3 24
$-0.31
$-0.25
Q2 24
$-0.45
$-0.24
Q1 24
$-0.59
$-0.59

Balance Sheet & Financial Strength

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

Metric
FHTX
FHTX
NXDT
NXDT
Cash + ST InvestmentsLiquidity on hand
$80.9M
$8.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$-108.5M
$700.1M
Total Assets
$198.1M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FHTX
FHTX
NXDT
NXDT
Q4 25
$80.9M
$8.2M
Q3 25
$89.3M
$5.3M
Q2 25
$72.6M
$4.7M
Q1 25
$61.0M
$9.5M
Q4 24
$55.5M
$8.8M
Q3 24
$57.7M
$8.5M
Q2 24
$138.9M
$28.4M
Q1 24
$79.3M
$20.2M
Stockholders' Equity
FHTX
FHTX
NXDT
NXDT
Q4 25
$-108.5M
$700.1M
Q3 25
$-89.7M
$739.0M
Q2 25
$-76.7M
$752.7M
Q1 25
$-61.7M
$802.7M
Q4 24
$-45.5M
$836.5M
Q3 24
$-28.3M
$842.9M
Q2 24
$-14.3M
$859.1M
Q1 24
$-97.5M
$863.0M
Total Assets
FHTX
FHTX
NXDT
NXDT
Q4 25
$198.1M
$1.1B
Q3 25
$205.0M
$1.1B
Q2 25
$226.2M
$1.1B
Q1 25
$258.7M
$1.2B
Q4 24
$284.0M
$1.2B
Q3 24
$308.4M
$1.2B
Q2 24
$328.6M
$1.2B
Q1 24
$255.0M
$1.1B

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
NXDT
NXDT
Operating Cash FlowLast quarter
$-22.3M
$9.2M
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
NXDT
NXDT
Q4 25
$-22.3M
$9.2M
Q3 25
$-18.9M
$835.0K
Q2 25
$-21.0M
$75.0K
Q1 25
$-24.0M
$7.1M
Q4 24
$-24.5M
$-11.7M
Q3 24
$-21.0M
$497.0K
Q2 24
$-25.5M
$-5.5M
Q1 24
$-29.3M
$-2.6M
Free Cash Flow
FHTX
FHTX
NXDT
NXDT
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
NXDT
NXDT
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
NXDT
NXDT
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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