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Side-by-side financial comparison of Foghorn Therapeutics Inc. (FHTX) and PATRIOT NATIONAL BANCORP INC (PNBK). Click either name above to swap in a different company.

PATRIOT NATIONAL BANCORP INC is the larger business by last-quarter revenue ($9.5M vs $9.2M, roughly 1.0× Foghorn Therapeutics Inc.). On growth, Foghorn Therapeutics Inc. posted the faster year-over-year revenue change (223.8% vs 44.3%). Over the past eight quarters, Foghorn Therapeutics Inc.'s revenue compounded faster (35.3% CAGR vs 11.5%).

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.

Patriot Bank, N.A. (PNBK) is the bank holding company for Stamford, Connecticut-based Patriot Bank NA, and is traded on NASDAQ as PNBK.

FHTX vs PNBK — Head-to-Head

Bigger by revenue
PNBK
PNBK
1.0× larger
PNBK
$9.5M
$9.2M
FHTX
Growing faster (revenue YoY)
FHTX
FHTX
+179.4% gap
FHTX
223.8%
44.3%
PNBK
Faster 2-yr revenue CAGR
FHTX
FHTX
Annualised
FHTX
35.3%
11.5%
PNBK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FHTX
FHTX
PNBK
PNBK
Revenue
$9.2M
$9.5M
Net Profit
$-21.7M
Gross Margin
Operating Margin
-258.2%
-36.3%
Net Margin
-234.3%
Revenue YoY
223.8%
44.3%
Net Profit YoY
-11.1%
EPS (diluted)
$-0.35
$0.13

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
PNBK
PNBK
Q4 25
$9.2M
$9.5M
Q3 25
$8.2M
$7.2M
Q2 25
$7.6M
$6.2M
Q1 25
$6.0M
$6.7M
Q4 24
$2.9M
$6.6M
Q3 24
$7.8M
$7.1M
Q2 24
$6.9M
$7.1M
Q1 24
$5.0M
$7.7M
Net Profit
FHTX
FHTX
PNBK
PNBK
Q4 25
$-21.7M
Q3 25
$-15.8M
$-2.7M
Q2 25
$-17.9M
$-5.0M
Q1 25
$-18.8M
$-2.8M
Q4 24
$-19.5M
Q3 24
$-19.1M
$-27.0M
Q2 24
$-23.0M
$-3.1M
Q1 24
$-25.0M
$-299.0K
Operating Margin
FHTX
FHTX
PNBK
PNBK
Q4 25
-258.2%
-36.3%
Q3 25
-226.9%
-36.9%
Q2 25
-279.2%
-81.2%
Q1 25
-385.0%
-41.5%
Q4 24
-840.5%
-205.4%
Q3 24
-305.5%
-32.4%
Q2 24
-386.6%
-56.5%
Q1 24
-558.3%
-3.0%
Net Margin
FHTX
FHTX
PNBK
PNBK
Q4 25
-234.3%
Q3 25
-194.4%
-36.8%
Q2 25
-237.3%
-80.4%
Q1 25
-316.4%
-41.6%
Q4 24
-682.9%
Q3 24
-244.9%
-378.9%
Q2 24
-333.6%
-43.5%
Q1 24
-495.4%
-3.9%
EPS (diluted)
FHTX
FHTX
PNBK
PNBK
Q4 25
$-0.35
$0.13
Q3 25
$-0.25
$-0.03
Q2 25
$-0.28
$-0.06
Q1 25
$-0.30
$-0.21
Q4 24
$-0.23
$-2.40
Q3 24
$-0.31
$-6.78
Q2 24
$-0.45
$-0.77
Q1 24
$-0.59
$-0.08

Balance Sheet & Financial Strength

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

Metric
FHTX
FHTX
PNBK
PNBK
Cash + ST InvestmentsLiquidity on hand
$80.9M
Total DebtLower is stronger
$16.4M
Stockholders' EquityBook value
$-108.5M
$94.7M
Total Assets
$198.1M
$1.1B
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FHTX
FHTX
PNBK
PNBK
Q4 25
$80.9M
Q3 25
$89.3M
Q2 25
$72.6M
Q1 25
$61.0M
Q4 24
$55.5M
Q3 24
$57.7M
Q2 24
$138.9M
Q1 24
$79.3M
Total Debt
FHTX
FHTX
PNBK
PNBK
Q4 25
$16.4M
Q3 25
Q2 25
Q1 25
Q4 24
$33.1M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FHTX
FHTX
PNBK
PNBK
Q4 25
$-108.5M
$94.7M
Q3 25
$-89.7M
$95.0M
Q2 25
$-76.7M
$66.2M
Q1 25
$-61.7M
$57.1M
Q4 24
$-45.5M
$4.3M
Q3 24
$-28.3M
$16.4M
Q2 24
$-14.3M
$40.5M
Q1 24
$-97.5M
$43.6M
Total Assets
FHTX
FHTX
PNBK
PNBK
Q4 25
$198.1M
$1.1B
Q3 25
$205.0M
$950.8M
Q2 25
$226.2M
$930.0M
Q1 25
$258.7M
$956.6M
Q4 24
$284.0M
$1.0B
Q3 24
$308.4M
$974.1M
Q2 24
$328.6M
$1.0B
Q1 24
$255.0M
$1.1B
Debt / Equity
FHTX
FHTX
PNBK
PNBK
Q4 25
0.17×
Q3 25
Q2 25
Q1 25
Q4 24
7.76×
Q3 24
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
PNBK
PNBK
Operating Cash FlowLast quarter
$-22.3M
$-14.2M
Free Cash FlowOCF − Capex
$-14.3M
FCF MarginFCF / Revenue
-150.8%
Capex IntensityCapex / Revenue
0.0%
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-24.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FHTX
FHTX
PNBK
PNBK
Q4 25
$-22.3M
$-14.2M
Q3 25
$-18.9M
$-5.2M
Q2 25
$-21.0M
$921.0K
Q1 25
$-24.0M
$-5.8M
Q4 24
$-24.5M
$2.7M
Q3 24
$-21.0M
$-2.6M
Q2 24
$-25.5M
$6.0M
Q1 24
$-29.3M
$1.8M
Free Cash Flow
FHTX
FHTX
PNBK
PNBK
Q4 25
$-14.3M
Q3 25
$-5.3M
Q2 25
$-21.0M
$918.0K
Q1 25
$-24.0M
$-5.9M
Q4 24
$-25.0M
$2.6M
Q3 24
$-21.3M
$-2.7M
Q2 24
$-25.6M
$6.0M
Q1 24
$-29.4M
$1.8M
FCF Margin
FHTX
FHTX
PNBK
PNBK
Q4 25
-150.8%
Q3 25
-72.8%
Q2 25
-278.2%
14.8%
Q1 25
-403.2%
-88.0%
Q4 24
-875.3%
39.9%
Q3 24
-273.0%
-37.3%
Q2 24
-371.0%
84.6%
Q1 24
-583.1%
23.0%
Capex Intensity
FHTX
FHTX
PNBK
PNBK
Q4 25
0.0%
1.8%
Q3 25
0.0%
0.3%
Q2 25
0.3%
0.0%
Q1 25
0.5%
1.0%
Q4 24
16.8%
0.8%
Q3 24
4.0%
0.9%
Q2 24
0.2%
0.7%
Q1 24
2.0%
0.5%

Financial Flow Comparison

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

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