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Side-by-side financial comparison of Foghorn Therapeutics Inc. (FHTX) and SB FINANCIAL GROUP, INC. (SBFG). Click either name above to swap in a different company.

SB FINANCIAL GROUP, INC. is the larger business by last-quarter revenue ($16.4M vs $9.2M, roughly 1.8× Foghorn Therapeutics Inc.). SB FINANCIAL GROUP, INC. runs the higher net margin — 23.9% vs -234.3%, a 258.1% gap on every dollar of revenue. On growth, Foghorn Therapeutics Inc. posted the faster year-over-year revenue change (223.8% vs 6.3%). Over the past eight quarters, Foghorn Therapeutics Inc.'s revenue compounded faster (35.3% CAGR vs 11.8%).

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.

SB Financial Group, Inc. is a U.S.-headquartered financial holding company that provides a full suite of personal and commercial banking products and services, including deposit accounts, mortgage and consumer loans, small business financing, and wealth management solutions. It primarily serves retail customers and small to medium-sized enterprises across regional markets in the United States.

FHTX vs SBFG — Head-to-Head

Bigger by revenue
SBFG
SBFG
1.8× larger
SBFG
$16.4M
$9.2M
FHTX
Growing faster (revenue YoY)
FHTX
FHTX
+217.5% gap
FHTX
223.8%
6.3%
SBFG
Higher net margin
SBFG
SBFG
258.1% more per $
SBFG
23.9%
-234.3%
FHTX
Faster 2-yr revenue CAGR
FHTX
FHTX
Annualised
FHTX
35.3%
11.8%
SBFG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FHTX
FHTX
SBFG
SBFG
Revenue
$9.2M
$16.4M
Net Profit
$-21.7M
$3.9M
Gross Margin
Operating Margin
-258.2%
30.3%
Net Margin
-234.3%
23.9%
Revenue YoY
223.8%
6.3%
Net Profit YoY
-11.1%
7.8%
EPS (diluted)
$-0.35
$0.62

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
SBFG
SBFG
Q4 25
$9.2M
$16.4M
Q3 25
$8.2M
$16.6M
Q2 25
$7.6M
$17.2M
Q1 25
$6.0M
$15.4M
Q4 24
$2.9M
$15.5M
Q3 24
$7.8M
$14.3M
Q2 24
$6.9M
$14.0M
Q1 24
$5.0M
$13.1M
Net Profit
FHTX
FHTX
SBFG
SBFG
Q4 25
$-21.7M
$3.9M
Q3 25
$-15.8M
$4.0M
Q2 25
$-17.9M
$3.9M
Q1 25
$-18.8M
$2.2M
Q4 24
$-19.5M
$3.6M
Q3 24
$-19.1M
$2.4M
Q2 24
$-23.0M
$3.1M
Q1 24
$-25.0M
$2.4M
Operating Margin
FHTX
FHTX
SBFG
SBFG
Q4 25
-258.2%
30.3%
Q3 25
-226.9%
29.9%
Q2 25
-279.2%
27.5%
Q1 25
-385.0%
16.8%
Q4 24
-840.5%
29.3%
Q3 24
-305.5%
21.7%
Q2 24
-386.6%
24.0%
Q1 24
-558.3%
21.7%
Net Margin
FHTX
FHTX
SBFG
SBFG
Q4 25
-234.3%
23.9%
Q3 25
-194.4%
24.4%
Q2 25
-237.3%
22.4%
Q1 25
-316.4%
14.0%
Q4 24
-682.9%
23.5%
Q3 24
-244.9%
16.5%
Q2 24
-333.6%
22.2%
Q1 24
-495.4%
18.0%
EPS (diluted)
FHTX
FHTX
SBFG
SBFG
Q4 25
$-0.35
$0.62
Q3 25
$-0.25
$0.64
Q2 25
$-0.28
$0.60
Q1 25
$-0.30
$0.33
Q4 24
$-0.23
$0.55
Q3 24
$-0.31
$0.35
Q2 24
$-0.45
$0.47
Q1 24
$-0.59
$0.35

Balance Sheet & Financial Strength

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

Metric
FHTX
FHTX
SBFG
SBFG
Cash + ST InvestmentsLiquidity on hand
$80.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$-108.5M
$141.2M
Total Assets
$198.1M
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FHTX
FHTX
SBFG
SBFG
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
SBFG
SBFG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$19.7M
Q3 24
$19.7M
Q2 24
Q1 24
Stockholders' Equity
FHTX
FHTX
SBFG
SBFG
Q4 25
$-108.5M
$141.2M
Q3 25
$-89.7M
$136.9M
Q2 25
$-76.7M
$133.6M
Q1 25
$-61.7M
$131.5M
Q4 24
$-45.5M
$127.5M
Q3 24
$-28.3M
$132.8M
Q2 24
$-14.3M
$125.5M
Q1 24
$-97.5M
$123.7M
Total Assets
FHTX
FHTX
SBFG
SBFG
Q4 25
$198.1M
$1.5B
Q3 25
$205.0M
$1.5B
Q2 25
$226.2M
$1.5B
Q1 25
$258.7M
$1.5B
Q4 24
$284.0M
$1.4B
Q3 24
$308.4M
$1.4B
Q2 24
$328.6M
Q1 24
$255.0M
Debt / Equity
FHTX
FHTX
SBFG
SBFG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.15×
Q3 24
0.15×
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
SBFG
SBFG
Operating Cash FlowLast quarter
$-22.3M
$24.0M
Free Cash FlowOCF − Capex
$21.4M
FCF MarginFCF / Revenue
130.6%
Capex IntensityCapex / Revenue
0.0%
15.8%
Cash ConversionOCF / Net Profit
6.14×
TTM Free Cash FlowTrailing 4 quarters
$35.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FHTX
FHTX
SBFG
SBFG
Q4 25
$-22.3M
$24.0M
Q3 25
$-18.9M
$12.7M
Q2 25
$-21.0M
$-3.6M
Q1 25
$-24.0M
$6.7M
Q4 24
$-24.5M
$9.5M
Q3 24
$-21.0M
$3.6M
Q2 24
$-25.5M
$-434.0K
Q1 24
$-29.3M
$308.0K
Free Cash Flow
FHTX
FHTX
SBFG
SBFG
Q4 25
$21.4M
Q3 25
$12.2M
Q2 25
$-21.0M
$-4.2M
Q1 25
$-24.0M
$5.8M
Q4 24
$-25.0M
$8.2M
Q3 24
$-21.3M
$3.2M
Q2 24
$-25.6M
$-833.0K
Q1 24
$-29.4M
$149.0K
FCF Margin
FHTX
FHTX
SBFG
SBFG
Q4 25
130.6%
Q3 25
73.8%
Q2 25
-278.2%
-24.2%
Q1 25
-403.2%
37.6%
Q4 24
-875.3%
53.2%
Q3 24
-273.0%
22.6%
Q2 24
-371.0%
-5.9%
Q1 24
-583.1%
1.1%
Capex Intensity
FHTX
FHTX
SBFG
SBFG
Q4 25
0.0%
15.8%
Q3 25
0.0%
2.7%
Q2 25
0.3%
3.1%
Q1 25
0.5%
6.0%
Q4 24
16.8%
8.0%
Q3 24
4.0%
2.7%
Q2 24
0.2%
2.8%
Q1 24
2.0%
1.2%
Cash Conversion
FHTX
FHTX
SBFG
SBFG
Q4 25
6.14×
Q3 25
3.14×
Q2 25
-0.94×
Q1 25
3.11×
Q4 24
2.60×
Q3 24
1.54×
Q2 24
-0.14×
Q1 24
0.13×

Financial Flow Comparison

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

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