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← CockpitCompetitor Analysis › FDMT 4D Molecular Therapeutics, Inc.Open in the cockpit ↗

4D Molecular Therapeutics, Inc.FDMTCompetitor analysis, valuation and peers

United States · USD·Health Care›Biotechnology
Momentum strong 76
Mkt cap
$677M
US dollars, full cap
Free float
91%
of shares outstanding
$/day
$12.0M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-200.7 pp
WACC 18.6%
Hurdle
n/a
no reverse DCF
Next earnings
5 days
11 Nov 2026
Close · USD$12.25
1D+8.9%
1W+2.9%
1M-3.5%
3M+10.0%
6M+20.8%
YTD+63.3%
1Y+16.6%
ATR %8.0%
Beta1.78
52w lowhigh27.6% off high

What 4D Molecular Therapeutics does

Employees: 196

4D Molecular Therapeutics at a glance

Size 4D Molecular Therapeutics (FDMT) is a United States Health Care company (Biotechnology) with a market value of $677M, the 2509th largest of 3,117 United States companies the cockpit tracks. Shares closed at $12.25 on 6 Nov 2026.

Performance Over six months the shares gained 20.8%, against -22.0% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 19 in its peer set.

Growth Revenue grew 278,712.1% over the last twelve months (peer median +13.3%); the operating margin is -214.2% (peer median -92.0%).

Valuation It trades at 3.9× enterprise value to sales against a peer median of 4.7× (5th cheapest of 14).

Capital Return on invested capital runs 200.7 points below its cost of capital (18.6% WACC).

Short interest Short interest is 20.9% of the free float (15 Oct 2026).

Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).

Relative performance

7510012515011 May 202611 Aug 20266 Nov 2026FDMT 114Peer median 79
Six months, rebased to 100: 4D Molecular Therapeutics against the median of its 20 peers (local-currency closes).

4D Molecular Therapeutics financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$92.0M$85.2M$37,000$20.7M$3.13M
Revenue growth—+230,195%-100%+562%—
Gross profit$83.9M$77.6M-$6.67M$15.0M-$751,000
EBITDA-$189M-$152M-$181M-$107M-$106M
Net income-$179M-$140M-$161M-$101M-$107M
Free cash flow-$156M-$110M-$138M-$78.6M-$98.2M
Capital expenditure-$106,000$536,000$3.79M$2.77M$11.5M
Total debt$39.2M$21.4M$24.6M$14.7M$16.1M

Quarterly statements and history in the cockpit →

4D Molecular Therapeutics competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+200%+400%+600%+800%-50%-25%0%+25%AURA002880CADL300404WVEATTOKURADSGNGERN1672GNFTFDMT6-month return →1-month return →
Up and to the right = strong over both horizons. 4D Molecular Therapeutics is the large dot.

Fundamentals: revenue growth against valuation

0%+100,000%+200,000%+300,000%0×1,000×2,000×0028806886391672FDMTRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. 4D Molecular Therapeutics is the large dot.

4D Molecular Therapeutics competitors and peer comparison

How 4D Molecular Therapeutics compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

4D Molecular Therapeutics against its 20 peers (data as of 6 Nov 2026)
MeasureFDMTPeer medianRank in peer set
1-month return-3.5%-10.5%6th highest of 21
6-month return+20.8%-22.0%2nd highest of 19
Distance from 52-week high-27.6%-44.7%3rd highest of 21
Revenue growth (TTM)+278,712.1%+13.3%highest of 13
Operating margin-214.2%-92.0%5th lowest of 14
EV / Sales3.9×4.7×5th cheapest of 14
ROIC minus cost of capital-200.7 pp-15.2 pplowest of 10

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
4D Molecular Therapeutics FDMTUnited States$677M+21%+278,712%-214%3.9×n/an/a
Aura Biosciences AURAUnited States$680M-22%n/an/an/an/an/a
Shenzhen Weiguang Biological Products 002880.SZChina$682M-22%0%18%4.7×n/an/a
Candel Therapeutics CADLUnited States$670M+5%n/an/an/an/an/a
Anhui Huaheng Biotechnology 688639.SSChina$688M-40%+7%3%2.1×n/an/a
Boji Medical Technology 300404.SZChina$664M+7%+32%4%4.1×35.4%+27.2%
Wave Life Sciences WVEUnited States$664M-53%-35%-321%3.9×n/an/a
Attovia Therapeutics ATTOUnited States$697M+744%n/a-4,975%625.6×n/an/a
Solid Biosciences SLDBUnited States$707M-9%n/an/an/an/an/a
Getein Biotech 603387.SSChina$647M-12%+8%21%2.7×-8.3%-1.3%
Kura Oncology KURAUnited States$647M-23%-7%-412%2.0×n/an/a
Sana Biotechnology SANAUnited States$709M-32%n/an/an/an/an/a
Design Therapeutics DSGNUnited States$639M-28%n/an/an/an/an/a
Geron GERNUnited States$636M-29%+19%-8%1.6×n/an/a
Shouyao Holdings Beijing 688197.SSChina$726M-16%+4,564%-92%43.1×n/an/a
Apnimed APMDUnited States$629Mn/a+380%-140%20.3×n/an/a
Frontier Biotechnologies 688221.SSChina$746M-37%+153%-20%13.1×43.2%+21.5%
Ascletis Pharma 1672.HKHong Kong$610M-73%-59%-71,976%2,088.7×n/an/a
Genfit GNFT.PAFrance$593M+19%+28%-130%11.2×40.0%+143.5%
Climb Bio CLYMUnited States$591M-10%n/an/an/an/an/a
Shaanxi Micot Pharmaceutical Technology 2335.HKHong Kong$777Mn/an/an/an/an/an/a

Questions

Which companies are 4D Molecular Therapeutics's closest peers?
The cockpit's peer set: Aura Biosciences (AURA), Shenzhen Weiguang Biological Products (002880.SZ), Candel Therapeutics (CADL), Anhui Huaheng Biotechnology (688639.SS), Boji Medical Technology (300404.SZ), Wave Life Sciences (WVE), Attovia Therapeutics (ATTO), Solid Biosciences (SLDB).
Is 4D Molecular Therapeutics expensive compared with its peers?
On ev / sales it trades at 3.9× against a peer median of 4.7×, 5th cheapest of 14 in its peer set.
How has 4D Molecular Therapeutics stock performed?
Over six months to 6 Nov 2026 the shares returned +20.8% against -22.0% for the median peer; over one year +16.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.