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Side-by-side financial comparison of Foghorn Therapeutics Inc. (FHTX) and PIONEER POWER SOLUTIONS, INC. (PPSI). Click either name above to swap in a different company.

Foghorn Therapeutics Inc. is the larger business by last-quarter revenue ($9.2M vs $5.6M, roughly 1.6× PIONEER POWER SOLUTIONS, INC.). PIONEER POWER SOLUTIONS, INC. runs the higher net margin — -24.7% vs -234.3%, a 209.6% gap on every dollar of revenue. On growth, Foghorn Therapeutics Inc. posted the faster year-over-year revenue change (223.8% vs -42.3%). Over the past eight quarters, Foghorn Therapeutics Inc.'s revenue compounded faster (35.3% CAGR vs 30.3%).

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.

Caterpillar Energy Solutions GmbH, is a mechanical engineering company based in Mannheim, Baden-Württemberg, Germany. It was known as MWM GmbH Motoren-Werke Mannheim (MWM) until November 2013. In 2009 the company was the third-largest producer by revenue of gas and diesel engines.

FHTX vs PPSI — Head-to-Head

Bigger by revenue
FHTX
FHTX
1.6× larger
FHTX
$9.2M
$5.6M
PPSI
Growing faster (revenue YoY)
FHTX
FHTX
+266.1% gap
FHTX
223.8%
-42.3%
PPSI
Higher net margin
PPSI
PPSI
209.6% more per $
PPSI
-24.7%
-234.3%
FHTX
Faster 2-yr revenue CAGR
FHTX
FHTX
Annualised
FHTX
35.3%
30.3%
PPSI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FHTX
FHTX
PPSI
PPSI
Revenue
$9.2M
$5.6M
Net Profit
$-21.7M
$-1.4M
Gross Margin
23.5%
Operating Margin
-258.2%
-19.4%
Net Margin
-234.3%
-24.7%
Revenue YoY
223.8%
-42.3%
Net Profit YoY
-11.1%
-103.8%
EPS (diluted)
$-0.35
$-0.12

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
PPSI
PPSI
Q4 25
$9.2M
$5.6M
Q3 25
$8.2M
$6.9M
Q2 25
$7.6M
$8.4M
Q1 25
$6.0M
$6.7M
Q4 24
$2.9M
$9.8M
Q3 24
$7.8M
$6.4M
Q2 24
$6.9M
$3.4M
Q1 24
$5.0M
$3.3M
Net Profit
FHTX
FHTX
PPSI
PPSI
Q4 25
$-21.7M
$-1.4M
Q3 25
$-15.8M
$-2.4M
Q2 25
$-17.9M
$-1.3M
Q1 25
$-18.8M
$-929.0K
Q4 24
$-19.5M
$36.3M
Q3 24
$-19.1M
$-1.1M
Q2 24
$-23.0M
$-2.3M
Q1 24
$-25.0M
$-1.0M
Gross Margin
FHTX
FHTX
PPSI
PPSI
Q4 25
23.5%
Q3 25
9.3%
Q2 25
15.7%
Q1 25
2.2%
Q4 24
28.9%
Q3 24
23.7%
Q2 24
18.9%
Q1 24
16.1%
Operating Margin
FHTX
FHTX
PPSI
PPSI
Q4 25
-258.2%
-19.4%
Q3 25
-226.9%
-21.0%
Q2 25
-279.2%
-20.4%
Q1 25
-385.0%
-34.8%
Q4 24
-840.5%
-11.0%
Q3 24
-305.5%
-11.1%
Q2 24
-386.6%
-51.1%
Q1 24
-558.3%
-52.1%
Net Margin
FHTX
FHTX
PPSI
PPSI
Q4 25
-234.3%
-24.7%
Q3 25
-194.4%
-34.1%
Q2 25
-237.3%
-15.9%
Q1 25
-316.4%
-13.8%
Q4 24
-682.9%
372.1%
Q3 24
-244.9%
-17.5%
Q2 24
-333.6%
-67.2%
Q1 24
-495.4%
-31.2%
EPS (diluted)
FHTX
FHTX
PPSI
PPSI
Q4 25
$-0.35
$-0.12
Q3 25
$-0.25
$-0.21
Q2 25
$-0.28
$-0.12
Q1 25
$-0.30
$-0.09
Q4 24
$-0.23
$3.31
Q3 24
$-0.31
$-0.10
Q2 24
$-0.45
$-0.21
Q1 24
$-0.59
$-0.10

Balance Sheet & Financial Strength

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

Metric
FHTX
FHTX
PPSI
PPSI
Cash + ST InvestmentsLiquidity on hand
$80.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$-108.5M
$29.3M
Total Assets
$198.1M
$35.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FHTX
FHTX
PPSI
PPSI
Q4 25
$80.9M
Q3 25
$89.3M
Q2 25
$72.6M
$18.0M
Q1 25
$61.0M
$25.8M
Q4 24
$55.5M
$41.6M
Q3 24
$57.7M
$3.1M
Q2 24
$138.9M
$6.5M
Q1 24
$79.3M
$6.2M
Stockholders' Equity
FHTX
FHTX
PPSI
PPSI
Q4 25
$-108.5M
$29.3M
Q3 25
$-89.7M
$30.7M
Q2 25
$-76.7M
$33.0M
Q1 25
$-61.7M
$34.5M
Q4 24
$-45.5M
$35.4M
Q3 24
$-28.3M
$14.7M
Q2 24
$-14.3M
$15.8M
Q1 24
$-97.5M
$18.1M
Total Assets
FHTX
FHTX
PPSI
PPSI
Q4 25
$198.1M
$35.5M
Q3 25
$205.0M
$37.6M
Q2 25
$226.2M
$39.1M
Q1 25
$258.7M
$47.5M
Q4 24
$284.0M
$66.0M
Q3 24
$308.4M
$40.1M
Q2 24
$328.6M
$38.0M
Q1 24
$255.0M
$39.3M

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
PPSI
PPSI
Operating Cash FlowLast quarter
$-22.3M
$-1.0M
Free Cash FlowOCF − Capex
$-2.2M
FCF MarginFCF / Revenue
-38.8%
Capex IntensityCapex / Revenue
0.0%
20.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FHTX
FHTX
PPSI
PPSI
Q4 25
$-22.3M
$-1.0M
Q3 25
$-18.9M
$-817.0K
Q2 25
$-21.0M
$-5.5M
Q1 25
$-24.0M
$1.5M
Q4 24
$-24.5M
$-2.1M
Q3 24
$-21.0M
$-2.7M
Q2 24
$-25.5M
$571.0K
Q1 24
$-29.3M
$-1.9M
Free Cash Flow
FHTX
FHTX
PPSI
PPSI
Q4 25
$-2.2M
Q3 25
$-1.6M
Q2 25
$-21.0M
$-5.6M
Q1 25
$-24.0M
$907.0K
Q4 24
$-25.0M
$-4.6M
Q3 24
$-21.3M
$-3.4M
Q2 24
$-25.6M
$170.0K
Q1 24
$-29.4M
$-2.2M
FCF Margin
FHTX
FHTX
PPSI
PPSI
Q4 25
-38.8%
Q3 25
-23.4%
Q2 25
-278.2%
-67.0%
Q1 25
-403.2%
13.5%
Q4 24
-875.3%
-46.9%
Q3 24
-273.0%
-53.0%
Q2 24
-371.0%
5.0%
Q1 24
-583.1%
-65.2%
Capex Intensity
FHTX
FHTX
PPSI
PPSI
Q4 25
0.0%
20.3%
Q3 25
0.0%
11.5%
Q2 25
0.3%
1.7%
Q1 25
0.5%
8.8%
Q4 24
16.8%
25.4%
Q3 24
4.0%
10.3%
Q2 24
0.2%
11.8%
Q1 24
2.0%
6.4%
Cash Conversion
FHTX
FHTX
PPSI
PPSI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-0.06×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

FHTX
FHTX

Segment breakdown not available.

PPSI
PPSI

Total Revenue$4.0M70%
Other$1.7M30%

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