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Side-by-side financial comparison of Foghorn Therapeutics Inc. (FHTX) and Perfect Moment Ltd. (PMNT). Click either name above to swap in a different company.

Perfect Moment Ltd. is the larger business by last-quarter revenue ($11.7M vs $9.2M, roughly 1.3× Foghorn Therapeutics Inc.). Perfect Moment Ltd. runs the higher net margin — 0.8% vs -234.3%, a 235.1% gap on every dollar of revenue. On growth, Foghorn Therapeutics Inc. posted the faster year-over-year revenue change (223.8% vs 0.8%).

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.

Perfect Moment Ltd is a premium lifestyle and outdoor apparel brand specializing in high-performance, fashionable winter sports gear including ski wear, activewear, and supporting accessories. It serves luxury outdoor and winter sports consumer groups, with sales networks covering core markets in North America, Europe, and the Asia Pacific region.

FHTX vs PMNT — Head-to-Head

Bigger by revenue
PMNT
PMNT
1.3× larger
PMNT
$11.7M
$9.2M
FHTX
Growing faster (revenue YoY)
FHTX
FHTX
+223.0% gap
FHTX
223.8%
0.8%
PMNT
Higher net margin
PMNT
PMNT
235.1% more per $
PMNT
0.8%
-234.3%
FHTX

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
FHTX
FHTX
PMNT
PMNT
Revenue
$9.2M
$11.7M
Net Profit
$-21.7M
$93.0K
Gross Margin
64.4%
Operating Margin
-258.2%
5.0%
Net Margin
-234.3%
0.8%
Revenue YoY
223.8%
0.8%
Net Profit YoY
-11.1%
103.7%
EPS (diluted)
$-0.35
$0.00

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
PMNT
PMNT
Q4 25
$9.2M
$11.7M
Q3 25
$8.2M
$4.8M
Q2 25
$7.6M
$1.5M
Q1 25
$6.0M
$5.0M
Q4 24
$2.9M
$11.7M
Q3 24
$7.8M
$3.8M
Q2 24
$6.9M
Q1 24
$5.0M
Net Profit
FHTX
FHTX
PMNT
PMNT
Q4 25
$-21.7M
$93.0K
Q3 25
$-15.8M
$-1.8M
Q2 25
$-17.9M
$-3.8M
Q1 25
$-18.8M
$-7.3M
Q4 24
$-19.5M
$-2.5M
Q3 24
$-19.1M
$-2.7M
Q2 24
$-23.0M
Q1 24
$-25.0M
Gross Margin
FHTX
FHTX
PMNT
PMNT
Q4 25
64.4%
Q3 25
60.1%
Q2 25
60.4%
Q1 25
32.0%
Q4 24
54.8%
Q3 24
54.0%
Q2 24
Q1 24
Operating Margin
FHTX
FHTX
PMNT
PMNT
Q4 25
-258.2%
5.0%
Q3 25
-226.9%
-23.9%
Q2 25
-279.2%
-207.5%
Q1 25
-385.0%
-130.1%
Q4 24
-840.5%
-11.1%
Q3 24
-305.5%
-66.7%
Q2 24
-386.6%
Q1 24
-558.3%
Net Margin
FHTX
FHTX
PMNT
PMNT
Q4 25
-234.3%
0.8%
Q3 25
-194.4%
-38.6%
Q2 25
-237.3%
-259.4%
Q1 25
-316.4%
-145.5%
Q4 24
-682.9%
-21.3%
Q3 24
-244.9%
-71.6%
Q2 24
-333.6%
Q1 24
-495.4%
EPS (diluted)
FHTX
FHTX
PMNT
PMNT
Q4 25
$-0.35
$0.00
Q3 25
$-0.25
$-0.06
Q2 25
$-0.28
$-0.21
Q1 25
$-0.30
$-0.45
Q4 24
$-0.23
$-0.15
Q3 24
$-0.31
$-0.17
Q2 24
$-0.45
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
PMNT
PMNT
Cash + ST InvestmentsLiquidity on hand
$80.9M
$1.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-108.5M
$1.1M
Total Assets
$198.1M
$13.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FHTX
FHTX
PMNT
PMNT
Q4 25
$80.9M
$1.6M
Q3 25
$89.3M
$393.0K
Q2 25
$72.6M
$3.0M
Q1 25
$61.0M
$6.2M
Q4 24
$55.5M
$2.8M
Q3 24
$57.7M
$725.0K
Q2 24
$138.9M
Q1 24
$79.3M
Total Debt
FHTX
FHTX
PMNT
PMNT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$1.9M
Q3 24
$1.8M
Q2 24
Q1 24
Stockholders' Equity
FHTX
FHTX
PMNT
PMNT
Q4 25
$-108.5M
$1.1M
Q3 25
$-89.7M
$981.0K
Q2 25
$-76.7M
$987.0K
Q1 25
$-61.7M
$1.9M
Q4 24
$-45.5M
$907.0K
Q3 24
$-28.3M
$2.7M
Q2 24
$-14.3M
Q1 24
$-97.5M
Total Assets
FHTX
FHTX
PMNT
PMNT
Q4 25
$198.1M
$13.8M
Q3 25
$205.0M
$15.0M
Q2 25
$226.2M
$8.3M
Q1 25
$258.7M
$13.3M
Q4 24
$284.0M
$13.2M
Q3 24
$308.4M
$13.3M
Q2 24
$328.6M
Q1 24
$255.0M
Debt / Equity
FHTX
FHTX
PMNT
PMNT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
2.11×
Q3 24
0.67×
Q2 24
Q1 24

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
PMNT
PMNT
Operating Cash FlowLast quarter
$-22.3M
$2.3M
Free Cash FlowOCF − Capex
$2.2M
FCF MarginFCF / Revenue
19.1%
Capex IntensityCapex / Revenue
0.0%
0.3%
Cash ConversionOCF / Net Profit
24.26×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FHTX
FHTX
PMNT
PMNT
Q4 25
$-22.3M
$2.3M
Q3 25
$-18.9M
$-7.2M
Q2 25
$-21.0M
$-3.9M
Q1 25
$-24.0M
$-1.1M
Q4 24
$-24.5M
$-1.0M
Q3 24
$-21.0M
$-3.9M
Q2 24
$-25.5M
Q1 24
$-29.3M
Free Cash Flow
FHTX
FHTX
PMNT
PMNT
Q4 25
$2.2M
Q3 25
Q2 25
$-21.0M
Q1 25
$-24.0M
$-1.1M
Q4 24
$-25.0M
$-1.2M
Q3 24
$-21.3M
$-3.9M
Q2 24
$-25.6M
Q1 24
$-29.4M
FCF Margin
FHTX
FHTX
PMNT
PMNT
Q4 25
19.1%
Q3 25
Q2 25
-278.2%
Q1 25
-403.2%
-21.8%
Q4 24
-875.3%
-10.6%
Q3 24
-273.0%
-101.5%
Q2 24
-371.0%
Q1 24
-583.1%
Capex Intensity
FHTX
FHTX
PMNT
PMNT
Q4 25
0.0%
0.3%
Q3 25
0.0%
Q2 25
0.3%
Q1 25
0.5%
0.3%
Q4 24
16.8%
1.6%
Q3 24
4.0%
1.0%
Q2 24
0.2%
Q1 24
2.0%
Cash Conversion
FHTX
FHTX
PMNT
PMNT
Q4 25
24.26×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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