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Side-by-side financial comparison of Foghorn Therapeutics Inc. (FHTX) and Sachem Capital Corp. (SACH). Click either name above to swap in a different company.

Sachem Capital Corp. is the larger business by last-quarter revenue ($12.0M vs $9.2M, roughly 1.3× Foghorn Therapeutics Inc.). Sachem Capital Corp. runs the higher net margin — 8.3% vs -234.3%, a 242.6% gap on every dollar of revenue. On growth, Foghorn Therapeutics Inc. posted the faster year-over-year revenue change (223.8% vs -18.8%). Over the past eight quarters, Foghorn Therapeutics Inc.'s revenue compounded faster (35.3% CAGR vs -13.4%).

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.

Sachem Head Capital Management is an American value-oriented investment management firm based in New York City, managed by Scott Ferguson.

FHTX vs SACH — Head-to-Head

Bigger by revenue
SACH
SACH
1.3× larger
SACH
$12.0M
$9.2M
FHTX
Growing faster (revenue YoY)
FHTX
FHTX
+242.6% gap
FHTX
223.8%
-18.8%
SACH
Higher net margin
SACH
SACH
242.6% more per $
SACH
8.3%
-234.3%
FHTX
Faster 2-yr revenue CAGR
FHTX
FHTX
Annualised
FHTX
35.3%
-13.4%
SACH

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FHTX
FHTX
SACH
SACH
Revenue
$9.2M
$12.0M
Net Profit
$-21.7M
$997.0K
Gross Margin
Operating Margin
-258.2%
-3.1%
Net Margin
-234.3%
8.3%
Revenue YoY
223.8%
-18.8%
Net Profit YoY
-11.1%
119.7%
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
SACH
SACH
Q4 25
$9.2M
Q3 25
$8.2M
$12.0M
Q2 25
$7.6M
$10.8M
Q1 25
$6.0M
$11.4M
Q4 24
$2.9M
$10.8M
Q3 24
$7.8M
$14.8M
Q2 24
$6.9M
$15.1M
Q1 24
$5.0M
$16.8M
Net Profit
FHTX
FHTX
SACH
SACH
Q4 25
$-21.7M
Q3 25
$-15.8M
$997.0K
Q2 25
$-17.9M
$1.9M
Q1 25
$-18.8M
$904.0K
Q4 24
$-19.5M
$-36.1M
Q3 24
$-19.1M
$-5.1M
Q2 24
$-23.0M
$-3.1M
Q1 24
$-25.0M
$4.7M
Operating Margin
FHTX
FHTX
SACH
SACH
Q4 25
-258.2%
Q3 25
-226.9%
-3.1%
Q2 25
-279.2%
9.9%
Q1 25
-385.0%
9.0%
Q4 24
-840.5%
-131.1%
Q3 24
-305.5%
-32.6%
Q2 24
-386.6%
-20.6%
Q1 24
-558.3%
25.4%
Net Margin
FHTX
FHTX
SACH
SACH
Q4 25
-234.3%
Q3 25
-194.4%
8.3%
Q2 25
-237.3%
17.5%
Q1 25
-316.4%
7.9%
Q4 24
-682.9%
-335.6%
Q3 24
-244.9%
-34.2%
Q2 24
-333.6%
-20.2%
Q1 24
-495.4%
27.8%
EPS (diluted)
FHTX
FHTX
SACH
SACH
Q4 25
$-0.35
Q3 25
$-0.25
$0.00
Q2 25
$-0.28
$0.02
Q1 25
$-0.30
$0.00
Q4 24
$-0.23
$-0.79
Q3 24
$-0.31
$-0.13
Q2 24
$-0.45
$-0.09
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
SACH
SACH
Cash + ST InvestmentsLiquidity on hand
$80.9M
$12.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-108.5M
$175.6M
Total Assets
$198.1M
$484.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FHTX
FHTX
SACH
SACH
Q4 25
$80.9M
Q3 25
$89.3M
$12.6M
Q2 25
$72.6M
$23.5M
Q1 25
$61.0M
$25.8M
Q4 24
$55.5M
$19.6M
Q3 24
$57.7M
$7.4M
Q2 24
$138.9M
$12.4M
Q1 24
$79.3M
$56.8M
Total Debt
FHTX
FHTX
SACH
SACH
Q4 25
Q3 25
Q2 25
Q1 25
$230.2M
Q4 24
$230.2M
Q3 24
$264.7M
Q2 24
$264.7M
Q1 24
$288.4M
Stockholders' Equity
FHTX
FHTX
SACH
SACH
Q4 25
$-108.5M
Q3 25
$-89.7M
$175.6M
Q2 25
$-76.7M
$177.9M
Q1 25
$-61.7M
$179.3M
Q4 24
$-45.5M
$181.7M
Q3 24
$-28.3M
$220.6M
Q2 24
$-14.3M
$230.2M
Q1 24
$-97.5M
$237.4M
Total Assets
FHTX
FHTX
SACH
SACH
Q4 25
$198.1M
Q3 25
$205.0M
$484.4M
Q2 25
$226.2M
$501.8M
Q1 25
$258.7M
$491.4M
Q4 24
$284.0M
$492.0M
Q3 24
$308.4M
$555.5M
Q2 24
$328.6M
$586.3M
Q1 24
$255.0M
$626.5M
Debt / Equity
FHTX
FHTX
SACH
SACH
Q4 25
Q3 25
Q2 25
Q1 25
1.28×
Q4 24
1.27×
Q3 24
1.20×
Q2 24
1.15×
Q1 24
1.21×

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
SACH
SACH
Operating Cash FlowLast quarter
$-22.3M
$4.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
4.95×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FHTX
FHTX
SACH
SACH
Q4 25
$-22.3M
Q3 25
$-18.9M
$4.9M
Q2 25
$-21.0M
$501.0K
Q1 25
$-24.0M
$191.0K
Q4 24
$-24.5M
$12.9M
Q3 24
$-21.0M
$2.3M
Q2 24
$-25.5M
$7.0M
Q1 24
$-29.3M
$4.2M
Free Cash Flow
FHTX
FHTX
SACH
SACH
Q4 25
Q3 25
Q2 25
$-21.0M
Q1 25
$-24.0M
Q4 24
$-25.0M
Q3 24
$-21.3M
Q2 24
$-25.6M
Q1 24
$-29.4M
FCF Margin
FHTX
FHTX
SACH
SACH
Q4 25
Q3 25
Q2 25
-278.2%
Q1 25
-403.2%
Q4 24
-875.3%
Q3 24
-273.0%
Q2 24
-371.0%
Q1 24
-583.1%
Capex Intensity
FHTX
FHTX
SACH
SACH
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.3%
Q1 25
0.5%
Q4 24
16.8%
Q3 24
4.0%
Q2 24
0.2%
Q1 24
2.0%
Cash Conversion
FHTX
FHTX
SACH
SACH
Q4 25
Q3 25
4.95×
Q2 25
0.27×
Q1 25
0.21×
Q4 24
Q3 24
Q2 24
Q1 24
0.90×

Financial Flow Comparison

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

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