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Side-by-side financial comparison of Foghorn Therapeutics Inc. (FHTX) and Winchester Bancorp, Inc. (WSBK). Click either name above to swap in a different company.

Foghorn Therapeutics Inc. is the larger business by last-quarter revenue ($9.2M vs $6.4M, roughly 1.4× Winchester Bancorp, Inc.). Winchester Bancorp, Inc. 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 45.8%).

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.

Winchester Bancorp, Inc. (Maryland) is a regional bank holding company operating community banking outlets across Maryland. It provides a full range of retail and commercial financial services, including deposit accounts, mortgage loans, small business loans, and wealth management solutions, serving individual consumers and local small to medium-sized enterprise clients.

FHTX vs WSBK — Head-to-Head

Bigger by revenue
FHTX
FHTX
1.4× larger
FHTX
$9.2M
$6.4M
WSBK
Growing faster (revenue YoY)
FHTX
FHTX
+177.9% gap
FHTX
223.8%
45.8%
WSBK
Higher net margin
WSBK
WSBK
250.9% more per $
WSBK
16.7%
-234.3%
FHTX

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
FHTX
FHTX
WSBK
WSBK
Revenue
$9.2M
$6.4M
Net Profit
$-21.7M
$1.1M
Gross Margin
Operating Margin
-258.2%
20.9%
Net Margin
-234.3%
16.7%
Revenue YoY
223.8%
45.8%
Net Profit YoY
-11.1%
187.9%
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
WSBK
WSBK
Q4 25
$9.2M
$6.4M
Q3 25
$8.2M
$5.8M
Q2 25
$7.6M
Q1 25
$6.0M
$4.4M
Q4 24
$2.9M
$4.4M
Q3 24
$7.8M
Q2 24
$6.9M
Q1 24
$5.0M
Net Profit
FHTX
FHTX
WSBK
WSBK
Q4 25
$-21.7M
$1.1M
Q3 25
$-15.8M
$962.0K
Q2 25
$-17.9M
Q1 25
$-18.8M
$305.0K
Q4 24
$-19.5M
$373.0K
Q3 24
$-19.1M
Q2 24
$-23.0M
Q1 24
$-25.0M
Operating Margin
FHTX
FHTX
WSBK
WSBK
Q4 25
-258.2%
20.9%
Q3 25
-226.9%
22.8%
Q2 25
-279.2%
Q1 25
-385.0%
8.5%
Q4 24
-840.5%
9.4%
Q3 24
-305.5%
Q2 24
-386.6%
Q1 24
-558.3%
Net Margin
FHTX
FHTX
WSBK
WSBK
Q4 25
-234.3%
16.7%
Q3 25
-194.4%
16.6%
Q2 25
-237.3%
Q1 25
-316.4%
7.0%
Q4 24
-682.9%
8.4%
Q3 24
-244.9%
Q2 24
-333.6%
Q1 24
-495.4%
EPS (diluted)
FHTX
FHTX
WSBK
WSBK
Q4 25
$-0.35
$0.12
Q3 25
$-0.25
$0.11
Q2 25
$-0.28
Q1 25
$-0.30
Q4 24
$-0.23
Q3 24
$-0.31
Q2 24
$-0.45
Q1 24
$-0.59

Balance Sheet & Financial Strength

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

Metric
FHTX
FHTX
WSBK
WSBK
Cash + ST InvestmentsLiquidity on hand
$80.9M
$54.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$-108.5M
$118.2M
Total Assets
$198.1M
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FHTX
FHTX
WSBK
WSBK
Q4 25
$80.9M
$54.8M
Q3 25
$89.3M
$57.7M
Q2 25
$72.6M
Q1 25
$61.0M
$66.6M
Q4 24
$55.5M
$41.5M
Q3 24
$57.7M
Q2 24
$138.9M
Q1 24
$79.3M
Stockholders' Equity
FHTX
FHTX
WSBK
WSBK
Q4 25
$-108.5M
$118.2M
Q3 25
$-89.7M
$117.0M
Q2 25
$-76.7M
Q1 25
$-61.7M
$80.9M
Q4 24
$-45.5M
$80.3M
Q3 24
$-28.3M
Q2 24
$-14.3M
Q1 24
$-97.5M
Total Assets
FHTX
FHTX
WSBK
WSBK
Q4 25
$198.1M
$1.0B
Q3 25
$205.0M
$1.0B
Q2 25
$226.2M
Q1 25
$258.7M
$923.1M
Q4 24
$284.0M
$894.1M
Q3 24
$308.4M
Q2 24
$328.6M
Q1 24
$255.0M

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
WSBK
WSBK
Operating Cash FlowLast quarter
$-22.3M
$1.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.44×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FHTX
FHTX
WSBK
WSBK
Q4 25
$-22.3M
$1.6M
Q3 25
$-18.9M
$1.4M
Q2 25
$-21.0M
Q1 25
$-24.0M
$848.0K
Q4 24
$-24.5M
Q3 24
$-21.0M
Q2 24
$-25.5M
Q1 24
$-29.3M
Free Cash Flow
FHTX
FHTX
WSBK
WSBK
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
WSBK
WSBK
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
WSBK
WSBK
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
WSBK
WSBK
Q4 25
1.44×
Q3 25
1.41×
Q2 25
Q1 25
2.78×
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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