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Side-by-side financial comparison of Foghorn Therapeutics Inc. (FHTX) and Alpine Income Property Trust, Inc. (PINE). Click either name above to swap in a different company.

Alpine Income Property Trust, Inc. is the larger business by last-quarter revenue ($18.4M vs $9.2M, roughly 2.0× Foghorn Therapeutics Inc.). Alpine Income Property Trust, Inc. runs the higher net margin — 11.9% vs -234.3%, a 246.2% gap on every dollar of revenue. On growth, Foghorn Therapeutics Inc. posted the faster year-over-year revenue change (223.8% vs 29.6%). Over the past eight quarters, Foghorn Therapeutics Inc.'s revenue compounded faster (35.3% CAGR vs 21.4%).

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.

Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust that owns and operates a diversified portfolio of single-tenant net lease commercial properties across the United States. Its core asset segments include essential retail, industrial, and suburban office spaces, delivering stable recurring rental revenue to support consistent returns for its shareholders.

FHTX vs PINE — Head-to-Head

Bigger by revenue
PINE
PINE
2.0× larger
PINE
$18.4M
$9.2M
FHTX
Growing faster (revenue YoY)
FHTX
FHTX
+194.2% gap
FHTX
223.8%
29.6%
PINE
Higher net margin
PINE
PINE
246.2% more per $
PINE
11.9%
-234.3%
FHTX
Faster 2-yr revenue CAGR
FHTX
FHTX
Annualised
FHTX
35.3%
21.4%
PINE

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FHTX
FHTX
PINE
PINE
Revenue
$9.2M
$18.4M
Net Profit
$-21.7M
$2.2M
Gross Margin
Operating Margin
-258.2%
35.4%
Net Margin
-234.3%
11.9%
Revenue YoY
223.8%
29.6%
Net Profit YoY
-11.1%
285.3%
EPS (diluted)
$-0.35
$0.06

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
PINE
PINE
Q1 26
$18.4M
Q4 25
$9.2M
$16.9M
Q3 25
$8.2M
$14.6M
Q2 25
$7.6M
$14.9M
Q1 25
$6.0M
$14.2M
Q4 24
$2.9M
$13.8M
Q3 24
$7.8M
$13.5M
Q2 24
$6.9M
$12.5M
Net Profit
FHTX
FHTX
PINE
PINE
Q1 26
$2.2M
Q4 25
$-21.7M
$1.5M
Q3 25
$-15.8M
$-1.3M
Q2 25
$-17.9M
$-1.6M
Q1 25
$-18.8M
$-1.2M
Q4 24
$-19.5M
$-958.0K
Q3 24
$-19.1M
$3.1M
Q2 24
$-23.0M
$204.0K
Operating Margin
FHTX
FHTX
PINE
PINE
Q1 26
35.4%
Q4 25
-258.2%
35.3%
Q3 25
-226.9%
16.6%
Q2 25
-279.2%
16.8%
Q1 25
-385.0%
16.0%
Q4 24
-840.5%
14.3%
Q3 24
-305.5%
47.9%
Q2 24
-386.6%
24.0%
Net Margin
FHTX
FHTX
PINE
PINE
Q1 26
11.9%
Q4 25
-234.3%
8.7%
Q3 25
-194.4%
-9.0%
Q2 25
-237.3%
-11.0%
Q1 25
-316.4%
-8.3%
Q4 24
-682.9%
-6.9%
Q3 24
-244.9%
22.8%
Q2 24
-333.6%
1.6%
EPS (diluted)
FHTX
FHTX
PINE
PINE
Q1 26
$0.06
Q4 25
$-0.35
$0.07
Q3 25
$-0.25
$-0.09
Q2 25
$-0.28
$-0.12
Q1 25
$-0.30
$-0.08
Q4 24
$-0.23
$-0.06
Q3 24
$-0.31
$0.21
Q2 24
$-0.45
$0.01

Balance Sheet & Financial Strength

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

Metric
FHTX
FHTX
PINE
PINE
Cash + ST InvestmentsLiquidity on hand
$80.9M
$2.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-108.5M
$312.5M
Total Assets
$198.1M
$745.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FHTX
FHTX
PINE
PINE
Q1 26
$2.6M
Q4 25
$80.9M
$4.6M
Q3 25
$89.3M
$1.2M
Q2 25
$72.6M
$5.0M
Q1 25
$61.0M
$6.1M
Q4 24
$55.5M
$1.6M
Q3 24
$57.7M
$2.6M
Q2 24
$138.9M
$3.3M
Total Debt
FHTX
FHTX
PINE
PINE
Q1 26
Q4 25
$377.7M
Q3 25
$358.2M
Q2 25
$352.6M
Q1 25
$356.5M
Q4 24
$301.5M
Q3 24
$278.9M
Q2 24
$268.3M
Stockholders' Equity
FHTX
FHTX
PINE
PINE
Q1 26
$312.5M
Q4 25
$-108.5M
$279.9M
Q3 25
$-89.7M
$223.5M
Q2 25
$-76.7M
$229.8M
Q1 25
$-61.7M
$240.9M
Q4 24
$-45.5M
$253.0M
Q3 24
$-28.3M
$248.2M
Q2 24
$-14.3M
$244.0M
Total Assets
FHTX
FHTX
PINE
PINE
Q1 26
$745.1M
Q4 25
$198.1M
$715.9M
Q3 25
$205.0M
$621.4M
Q2 25
$226.2M
$628.4M
Q1 25
$258.7M
$647.4M
Q4 24
$284.0M
$605.0M
Q3 24
$308.4M
$579.0M
Q2 24
$328.6M
$565.8M
Debt / Equity
FHTX
FHTX
PINE
PINE
Q1 26
Q4 25
1.35×
Q3 25
1.60×
Q2 25
1.53×
Q1 25
1.48×
Q4 24
1.19×
Q3 24
1.12×
Q2 24
1.10×

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
PINE
PINE
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
PINE
PINE
Q1 26
Q4 25
$-22.3M
$25.8M
Q3 25
$-18.9M
$8.7M
Q2 25
$-21.0M
$9.1M
Q1 25
$-24.0M
$5.8M
Q4 24
$-24.5M
$23.4M
Q3 24
$-21.0M
$6.2M
Q2 24
$-25.5M
$8.0M
Free Cash Flow
FHTX
FHTX
PINE
PINE
Q1 26
Q4 25
$-87.8M
Q3 25
$-48.8M
Q2 25
$-21.0M
$-3.0M
Q1 25
$-24.0M
$-55.5M
Q4 24
$-25.0M
$-33.4M
Q3 24
$-21.3M
$-43.0M
Q2 24
$-25.6M
$-13.5M
FCF Margin
FHTX
FHTX
PINE
PINE
Q1 26
Q4 25
-519.4%
Q3 25
-334.9%
Q2 25
-278.2%
-20.0%
Q1 25
-403.2%
-391.0%
Q4 24
-875.3%
-242.4%
Q3 24
-273.0%
-319.3%
Q2 24
-371.0%
-108.0%
Capex Intensity
FHTX
FHTX
PINE
PINE
Q1 26
Q4 25
0.0%
671.8%
Q3 25
0.0%
394.8%
Q2 25
0.3%
81.2%
Q1 25
0.5%
432.0%
Q4 24
16.8%
412.3%
Q3 24
4.0%
365.4%
Q2 24
0.2%
172.3%
Cash Conversion
FHTX
FHTX
PINE
PINE
Q1 26
Q4 25
17.48×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
2.02×
Q2 24
39.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FHTX
FHTX

Segment breakdown not available.

PINE
PINE

Lease Income$12.6M68%
Other$5.8M31%
Other Revenue$46.0K0%

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