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Side-by-side financial comparison of Foghorn Therapeutics Inc. (FHTX) and Outdoor Holding Co (POWW). Click either name above to swap in a different company.

Outdoor Holding Co is the larger business by last-quarter revenue ($13.4M vs $9.2M, roughly 1.4× Foghorn Therapeutics Inc.). Outdoor Holding Co runs the higher net margin — 16.7% vs -234.3%, a 250.9% gap on every dollar of revenue. On growth, Foghorn Therapeutics Inc. posted the faster year-over-year revenue change (223.8% vs -54.1%).

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.

Vista Outdoor Inc. was an American designer, manufacturer, and marketer that operated in two segments: shooting sports and outdoor products. It was a "house of brands" with more than 40 labels and subsidiaries.

FHTX vs POWW — Head-to-Head

Bigger by revenue
POWW
POWW
1.4× larger
POWW
$13.4M
$9.2M
FHTX
Growing faster (revenue YoY)
FHTX
FHTX
+277.9% gap
FHTX
223.8%
-54.1%
POWW
Higher net margin
POWW
POWW
250.9% more per $
POWW
16.7%
-234.3%
FHTX

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
FHTX
FHTX
POWW
POWW
Revenue
$9.2M
$13.4M
Net Profit
$-21.7M
$2.2M
Gross Margin
87.1%
Operating Margin
-258.2%
14.7%
Net Margin
-234.3%
16.7%
Revenue YoY
223.8%
-54.1%
Net Profit YoY
-11.1%
108.5%
EPS (diluted)
$-0.35
$0.01

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
POWW
POWW
Q4 25
$9.2M
$13.4M
Q3 25
$8.2M
$12.0M
Q2 25
$7.6M
$11.9M
Q1 25
$6.0M
$12.6M
Q4 24
$2.9M
$12.5M
Q3 24
$7.8M
$12.0M
Q2 24
$6.9M
$12.3M
Q1 24
$5.0M
$-50.7M
Net Profit
FHTX
FHTX
POWW
POWW
Q4 25
$-21.7M
$2.2M
Q3 25
$-15.8M
$1.4M
Q2 25
$-17.9M
$-6.5M
Q1 25
$-18.8M
$-77.5M
Q4 24
$-19.5M
$-26.1M
Q3 24
$-19.1M
$-12.4M
Q2 24
$-23.0M
$-14.8M
Q1 24
$-25.0M
$-5.2M
Gross Margin
FHTX
FHTX
POWW
POWW
Q4 25
87.1%
Q3 25
87.1%
Q2 25
87.2%
Q1 25
87.5%
Q4 24
87.4%
Q3 24
86.9%
Q2 24
85.8%
Q1 24
Operating Margin
FHTX
FHTX
POWW
POWW
Q4 25
-258.2%
14.7%
Q3 25
-226.9%
5.9%
Q2 25
-279.2%
-50.7%
Q1 25
-385.0%
-213.6%
Q4 24
-840.5%
-163.8%
Q3 24
-305.5%
-50.3%
Q2 24
-386.6%
-50.8%
Q1 24
-558.3%
Net Margin
FHTX
FHTX
POWW
POWW
Q4 25
-234.3%
16.7%
Q3 25
-194.4%
11.7%
Q2 25
-237.3%
-54.5%
Q1 25
-316.4%
-614.5%
Q4 24
-682.9%
-208.7%
Q3 24
-244.9%
-103.7%
Q2 24
-333.6%
-120.2%
Q1 24
-495.4%
10.3%
EPS (diluted)
FHTX
FHTX
POWW
POWW
Q4 25
$-0.35
$0.01
Q3 25
$-0.25
$0.01
Q2 25
$-0.28
$-0.06
Q1 25
$-0.30
$-0.67
Q4 24
$-0.23
$-0.23
Q3 24
$-0.31
$-0.11
Q2 24
$-0.45
$-0.13
Q1 24
$-0.59
$-0.05

Balance Sheet & Financial Strength

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

Metric
FHTX
FHTX
POWW
POWW
Cash + ST InvestmentsLiquidity on hand
$80.9M
$69.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$-108.5M
$237.3M
Total Assets
$198.1M
$271.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FHTX
FHTX
POWW
POWW
Q4 25
$80.9M
$69.9M
Q3 25
$89.3M
$65.7M
Q2 25
$72.6M
$63.4M
Q1 25
$61.0M
$30.2M
Q4 24
$55.5M
$31.9M
Q3 24
$57.7M
$33.5M
Q2 24
$138.9M
$50.8M
Q1 24
$79.3M
$55.6M
Stockholders' Equity
FHTX
FHTX
POWW
POWW
Q4 25
$-108.5M
$237.3M
Q3 25
$-89.7M
$235.4M
Q2 25
$-76.7M
$222.5M
Q1 25
$-61.7M
$222.0M
Q4 24
$-45.5M
$299.6M
Q3 24
$-28.3M
$325.6M
Q2 24
$-14.3M
$342.5M
Q1 24
$-97.5M
$358.0M
Total Assets
FHTX
FHTX
POWW
POWW
Q4 25
$198.1M
$271.7M
Q3 25
$205.0M
$270.3M
Q2 25
$226.2M
$269.5M
Q1 25
$258.7M
$297.3M
Q4 24
$284.0M
$355.4M
Q3 24
$308.4M
$368.9M
Q2 24
$328.6M
$398.6M
Q1 24
$255.0M
$403.0M

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
POWW
POWW
Operating Cash FlowLast quarter
$-22.3M
$5.7M
Free Cash FlowOCF − Capex
$5.0M
FCF MarginFCF / Revenue
37.6%
Capex IntensityCapex / Revenue
0.0%
4.8%
Cash ConversionOCF / Net Profit
2.55×
TTM Free Cash FlowTrailing 4 quarters
$-2.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FHTX
FHTX
POWW
POWW
Q4 25
$-22.3M
$5.7M
Q3 25
$-18.9M
$3.2M
Q2 25
$-21.0M
$-6.7M
Q1 25
$-24.0M
$-1.5M
Q4 24
$-24.5M
$1.3M
Q3 24
$-21.0M
$-9.3M
Q2 24
$-25.5M
$-547.5K
Q1 24
$-29.3M
$4.3M
Free Cash Flow
FHTX
FHTX
POWW
POWW
Q4 25
$5.0M
Q3 25
$2.5M
Q2 25
$-21.0M
$-7.6M
Q1 25
$-24.0M
$-2.3M
Q4 24
$-25.0M
$720.3K
Q3 24
$-21.3M
$-10.6M
Q2 24
$-25.6M
$-1.3M
Q1 24
$-29.4M
$1.4M
FCF Margin
FHTX
FHTX
POWW
POWW
Q4 25
37.6%
Q3 25
21.0%
Q2 25
-278.2%
-63.8%
Q1 25
-403.2%
-18.6%
Q4 24
-875.3%
5.8%
Q3 24
-273.0%
-88.3%
Q2 24
-371.0%
-11.0%
Q1 24
-583.1%
-2.8%
Capex Intensity
FHTX
FHTX
POWW
POWW
Q4 25
0.0%
4.8%
Q3 25
0.0%
5.8%
Q2 25
0.3%
7.5%
Q1 25
0.5%
6.5%
Q4 24
16.8%
4.4%
Q3 24
4.0%
10.4%
Q2 24
0.2%
6.5%
Q1 24
2.0%
-5.7%
Cash Conversion
FHTX
FHTX
POWW
POWW
Q4 25
2.55×
Q3 25
2.29×
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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