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Side-by-side financial comparison of Marti Technologies, Inc. (MRT) and X4 Pharmaceuticals, Inc (XFOR). Click either name above to swap in a different company.

X4 Pharmaceuticals, Inc is the larger business by last-quarter revenue ($28.8M vs $14.6M, roughly 2.0× Marti Technologies, Inc.).

The Marti Group is a Swiss construction company, consisting of over 80 subsidiaries, officially owned by Marti Holding AG. Besides Switzerland, they are active in neighboring countries such as Germany and Austria, and also outside of Europe such as China and Chile. The company is known for high-profile public and private sector projects and using innovative technologies. Their areas of expertise include building construction, construction and renovation of tunnels, road construction, hydrauli...

X4 Pharmaceuticals, Inc. is a clinical-stage biotechnology company focused on developing novel targeted therapies for rare immunological diseases and oncology indications with high unmet medical needs. It operates primarily across the U.S. and European markets, with a lead pipeline candidate for WHIM syndrome and multiple other preclinical and clinical assets for immune disorders and cancer.

MRT vs XFOR — Head-to-Head

Bigger by revenue
XFOR
XFOR
2.0× larger
XFOR
$28.8M
$14.6M
MRT

Income Statement — Q2 FY2025 vs Q1 FY2025

Metric
MRT
MRT
XFOR
XFOR
Revenue
$14.6M
$28.8M
Net Profit
$282.0K
Gross Margin
49.4%
83.6%
Operating Margin
-86.1%
-32.8%
Net Margin
1.0%
Revenue YoY
63.1%
Net Profit YoY
100.5%
EPS (diluted)
$-0.26
$0.04

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
MRT
MRT
XFOR
XFOR
Q2 25
$14.6M
Q1 25
$28.8M
Q2 24
$8.9M
Q1 24
$0
Q3 23
$0
Q2 23
$0
Net Profit
MRT
MRT
XFOR
XFOR
Q2 25
Q1 25
$282.0K
Q2 24
Q1 24
$-51.8M
Q3 23
$-2.3M
Q2 23
$-55.7M
Gross Margin
MRT
MRT
XFOR
XFOR
Q2 25
49.4%
Q1 25
83.6%
Q2 24
Q1 24
Q3 23
Q2 23
Operating Margin
MRT
MRT
XFOR
XFOR
Q2 25
-86.1%
Q1 25
-32.8%
Q2 24
-204.1%
Q1 24
Q3 23
Q2 23
Net Margin
MRT
MRT
XFOR
XFOR
Q2 25
Q1 25
1.0%
Q2 24
Q1 24
Q3 23
Q2 23
EPS (diluted)
MRT
MRT
XFOR
XFOR
Q2 25
$-0.26
Q1 25
$0.04
Q2 24
$-0.38
Q1 24
$-7.77
Q3 23
$-0.01
Q2 23
$-0.33

Balance Sheet & Financial Strength

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

Metric
MRT
MRT
XFOR
XFOR
Cash + ST InvestmentsLiquidity on hand
$4.2M
$40.3M
Total DebtLower is stronger
$83.0M
$75.0M
Stockholders' EquityBook value
$-73.2M
$22.9M
Total Assets
$17.2M
$130.0M
Debt / EquityLower = less leverage
3.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRT
MRT
XFOR
XFOR
Q2 25
$4.2M
Q1 25
$40.3M
Q2 24
$9.0M
Q1 24
$60.5M
Q3 23
$131.6M
Q2 23
$136.4M
Total Debt
MRT
MRT
XFOR
XFOR
Q2 25
$83.0M
Q1 25
$75.0M
Q2 24
$60.2M
Q1 24
$55.0M
Q3 23
$55.0M
Q2 23
$32.5M
Stockholders' Equity
MRT
MRT
XFOR
XFOR
Q2 25
$-73.2M
Q1 25
$22.9M
Q2 24
$-51.2M
Q1 24
$1.0M
Q3 23
$67.6M
Q2 23
$67.5M
Total Assets
MRT
MRT
XFOR
XFOR
Q2 25
$17.2M
Q1 25
$130.0M
Q2 24
$25.0M
Q1 24
$112.2M
Q3 23
$173.3M
Q2 23
$173.4M
Debt / Equity
MRT
MRT
XFOR
XFOR
Q2 25
Q1 25
3.27×
Q2 24
Q1 24
53.09×
Q3 23
0.81×
Q2 23
0.48×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MRT
MRT
XFOR
XFOR
Operating Cash FlowLast quarter
$-12.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-43.86×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRT
MRT
XFOR
XFOR
Q2 25
Q1 25
$-12.4M
Q2 24
Q1 24
$-33.6M
Q3 23
$-68.8M
Q2 23
$-47.9M
Free Cash Flow
MRT
MRT
XFOR
XFOR
Q2 25
Q1 25
Q2 24
Q1 24
$-33.7M
Q3 23
$-68.8M
Q2 23
$-47.9M
Capex Intensity
MRT
MRT
XFOR
XFOR
Q2 25
Q1 25
0.0%
Q2 24
Q1 24
Q3 23
Q2 23
Cash Conversion
MRT
MRT
XFOR
XFOR
Q2 25
Q1 25
-43.86×
Q2 24
Q1 24
Q3 23
Q2 23

Financial Flow Comparison

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

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