Foghorn Therapeutics Inc. (FHTX) Key Metrics
FHTX valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $109.9M
- Enterprise value
- $105.3M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 3.0 10-yr median 11.5
- Price / book
- —
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 3.01
FHTX key metrics, 2018–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFHTX valuation Price multiples at each fiscal year-end price.
Price / sales−4.0%
11.0
2025 · hover or tap a bar for each year
20182025
Free cash flow yield+13.8 pts
−25.3%
2025 · hover or tap a bar for each year
20182025
FHTX returns How much profit the business earns on the capital it uses.
Return on assets−0.4 pts
−30.8%
2025 · hover or tap a bar for each year
20182025
Free cash flow margin+169.5 pts
−278.7%
2025 · hover or tap a bar for each year
20182025
Asset turnover+61.7%
0.13
2025 · hover or tap a bar for each year
20182025
FHTX per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+19.2%
$0.49
2025 · hover or tap a bar for each year
20182025
Earnings per share
−$1.18
2025 · hover or tap a bar for each year
20182025
Free cash flow per share
−$1.37
2025 · hover or tap a bar for each year
20182025
Book value per share
−$1.72
2025 · hover or tap a bar for each year
20182025
Shares outstanding+14.7%
63.0M
2025 · hover or tap a bar for each year
20182025
FHTX financial health Debt, liquidity and how easily interest is covered.
Net debt+$89.0M
−$117.6M
2025 · hover or tap a bar for each year
20182025
Current ratio−26.7%
2.73
2025 · hover or tap a bar for each year
20182025
Debt / assets+59.3%
0.21
2025 · hover or tap a bar for each year
20182025
FHTX efficiency & capital use Working capital cycle and where the cash goes.
Days payables outstanding−147 days
441 days
2025 · hover or tap a bar for each year
20182025
Capex / revenue−3.8 pts
0.2%
2025 · hover or tap a bar for each year
20182025
FHTX valuation history
Fiscal year-endToday8-year median
FHTX returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FHTX debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FHTX price vs earnings per share
Share price at year-endEPS (right axis)
FHTX key metrics
2018–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||
| Market capitalization | $340.1M | $259.1M | $270.7M | $265.4M | $850.1M | $745.8M | — | — |
| Enterprise value | $222.5M | $52.5M | $81.8M | −$28.9M | $754.1M | $642.0M | — | — |
| Price / sales | 11.0 | 11.5 | 7.9 | 13.8 | 644.5 | — | — | — |
| Price / book | — | — | — | — | 8.8 | 5.1 | — | — |
| Price / free cash flow | — | — | — | 1.4 | — | — | — | — |
| Price / operating cash flow | — | — | — | 1.4 | — | — | — | — |
| EV / sales | 7.2 | 2.3 | 2.4 | -1.5 | 571.8 | — | — | — |
| Earnings yield | −21.8% | −33.4% | −36.4% | −41.0% | −11.9% | −9.2% | — | — |
| Free cash flow yield | −25.3% | −39.1% | −44.1% | 72.5% | −6.3% | −6.4% | — | — |
| Shareholder yield (dividends + buybacks) | — | — | — | 0.0% | 0.0% | 0.0% | — | — |
| Share price at fiscal year-end | $5.40 | $4.72 | $6.45 | $6.38 | $22.87 | $20.27 | — | — |
| Per share | ||||||||
| Revenue per share | $0.49 | $0.41 | $0.81 | $0.46 | $0.04 | $0.01 | $0.00 | $0.00 |
| Earnings per share | −$1.18 | −$1.58 | −$2.34 | −$2.62 | −$2.73 | −$1.87 | −$1.39 | −$1.34 |
| Operating cash flow per share | −$1.37 | −$1.83 | −$2.81 | $4.66 | −$1.35 | −$0.85 | −$1.26 | −$1.15 |
| Free cash flow per share | −$1.37 | −$1.85 | −$2.84 | $4.63 | −$1.44 | −$1.29 | −$1.28 | −$1.23 |
| Cash per share | $2.52 | $4.44 | $5.58 | $8.31 | $4.15 | $5.05 | $0.41 | $2.04 |
| Book value per share | −$1.72 | −$0.83 | −$1.84 | $0.00 | $2.61 | $3.97 | −$2.39 | −$2.00 |
| Tangible book value per share | −$1.72 | −$0.83 | −$1.84 | $0.00 | $2.61 | $3.97 | −$2.39 | −$2.00 |
| Capex per share | $0.00 | $0.02 | $0.03 | $0.03 | $0.09 | $0.44 | $0.03 | $0.08 |
| Debt per share | $0.66 | $0.68 | $1.07 | $1.24 | $1.57 | $2.23 | $0.45 | $0.36 |
| Shares outstanding | 63.0M | 54.9M | 42.0M | 41.6M | 37.2M | 36.8M | 36.8M | 19.6M |
| Change in shares outstanding | +14.7% | +30.8% | +0.9% | +11.9% | +1.0% | −0.1% | +87.6% | — |
| Returns & profitability | ||||||||
| Return on equity (ROE) | — | — | — | −224.5% | −83.4% | −236.5% | — | — |
| Return on invested capital (ROIC) | — | — | — | — | −367.3% | — | — | — |
| Return on assets (ROA) | −30.8% | −30.4% | −28.5% | −23.5% | −26.1% | −49.5% | −156.4% | −61.2% |
| Return on tangible assets | −37.5% | −30.5% | −34.4% | −26.9% | −19.5% | −26.9% | −228.8% | −61.2% |
| Free cash flow margin | −278.7% | −448.2% | −349.4% | — | — | — | — | — |
| Financial health | ||||||||
| Total debt | $41.3M | $37.1M | $45.1M | $51.5M | $58.3M | $82.0M | $16.6M | $7.0M |
| Cash & short-term investments | $158.9M | $243.7M | $234.1M | $345.8M | $154.3M | $185.8M | $15.0M | $40.0M |
| Net debt | −$117.6M | −$206.6M | −$189.0M | −$294.3M | −$96.0M | −$103.8M | $1.6M | −$33.0M |
| Debt / equity | — | — | — | 459.88 | 0.60 | 0.56 | — | — |
| Debt / assets | 0.21 | 0.13 | 0.16 | 0.13 | 0.11 | 0.32 | 0.74 | 0.16 |
| Current ratio | 2.73 | 3.73 | 4.11 | 6.37 | 9.44 | 10.12 | 1.33 | 11.68 |
| Quick ratio | 2.73 | 3.73 | 4.11 | 6.37 | 16.69 | 10.12 | 1.33 | 11.68 |
| Interest coverage | — | — | — | -10.1 | -52.9 | -70.0 | -94.6 | -70.2 |
| Working capital | $103.5M | $182.6M | $181.7M | $296.2M | $410.9M | $171.8M | $4.2M | $36.9M |
| Invested capital | −$226.1M | −$252.1M | −$266.2M | −$294.2M | $914,000 | $42.4M | −$86.4M | −$72.3M |
| Tangible asset value | −$108.5M | −$45.5M | −$77.2M | $112,000 | $96.9M | $146.2M | −$88.0M | −$39.3M |
| Net current asset value | −$143.4M | −$79.9M | −$122.9M | −$53.4M | $36.7M | $81.3M | −$93.5M | −$41.9M |
| Graham net-net per share | −$2.35 | −$1.56 | −$3.07 | −$1.38 | −$5.92 | $2.09 | −$2.59 | −$2.16 |
| Capital allocation | ||||||||
| Share buybacks (net) | — | — | — | $0 | $0 | $0 | — | — |
| Dividends + buybacks / free cash flow | — | — | — | 0.0% | — | — | — | — |
| Capex / revenue | 0.2% | 4.0% | 3.6% | 6.3% | 251.2% | 3,763.5% | — | — |
| Capex / operating cash flow | — | — | — | 0.6% | — | — | — | — |
| Capex / depreciation | 0.02 | 0.29 | 0.35 | 0.36 | 1.03 | 12.20 | 1.40 | 4.07 |
| Stock-based compensation / revenue | 33.6% | 52.6% | 47.4% | 74.6% | 635.6% | 688.6% | — | — |
| R&D / revenue | 276.5% | 418.2% | 321.2% | 549.3% | 6,089.8% | 13,422.1% | — | — |
| SG&A / revenue | 89.1% | 125.5% | 94.8% | 159.9% | 1,647.3% | 2,615.3% | — | — |
| Efficiency | ||||||||
| Days sales outstanding | — | — | — | 2,870.0 | 41,625.2 | 714.7 | — | — |
| Days of inventory on hand | — | — | — | — | -17,152.5 | — | — | — |
| Days payables outstanding | 441.0 | 587.6 | 19.4 | 87,633.8 | 182.1 | 22.5 | 555.0 | 1,939.6 |
| Cash conversion cycle (days) | — | — | — | -84,763.8 | 24,290.6 | 692.2 | — | — |
| Receivables turnover | — | — | — | 0.13 | 0.01 | 0.51 | — | — |
| Payables turnover | 0.83 | 0.62 | 18.79 | 0.00 | 2.00 | 16.21 | 0.66 | 0.19 |
| Asset turnover | 0.13 | 0.08 | 0.10 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 |
| Average receivables | — | — | — | $151.2M | $150.4M | $842,000 | — | — |
| Average payables | $4.0M | $5.0M | $5.8M | $4.6M | $3.7M | $3.6M | $2.7M | $2.0M |
| Average inventory | — | — | — | — | −$353.2M | — | — | — |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from FHTX's annual financial statements (latest annual report filed March 11, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FHTX valuation and financial ratios
It ended the year with $41.3 million of debt and $158.9 million in cash and short-term investments, a net cash position of $117.6 million. The share count rose 220.8% from 19.6M to 63.0M over 7 years.
See the FHTX income statement, the FHTX chart for price history, or the FHTX stock overview for the latest quote and news.
FHTX key metrics FAQ
How much debt does Foghorn Therapeutics have?
Foghorn Therapeutics had total debt of $41.3 million at the end of fiscal 2025 and more cash than debt.
What is Foghorn Therapeutics's free cash flow yield?
Foghorn Therapeutics generated -$86.1 million of free cash flow in fiscal 2025, a free cash flow yield of −25.3% on its market value at year-end ($340.1 million).
What is Foghorn Therapeutics's current ratio?
Foghorn Therapeutics's current ratio was 2.73 at the end of fiscal 2025: current assets were 2.73 times current liabilities.