| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | 2 | 1 | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | 1 | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2025 | ‡‡‡‡‡ |
|
| 2024 | ‡‡‡‡‡ |
|
| 2023 | ‡‡‡‡‡ |
|
| 2022 | ‡‡‡‡ |
|
| 2021 | ‡‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 574.96 | 322.40 | 216.89 | 70.09 |
| Receivables | 54.61 | 38.52 | 25.50 | 31.14 |
| Inventory | 51.40 | 50.08 | 40.50 | 41.23 |
| Other | — | — | — | — |
| 699.91 | 429.15 | 296.25 | 155.66 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 10.73 | 11.96 | 2.91 | 7.13 |
| ST’ Debt | 5.44 | 5.44 | 5.44 | 1.13 |
| Other | — | — | — | — |
| 87.47 | 56.97 | 44.92 | 38.42 |
| 10y | 5y | 3y | |
| Sales | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | — | ‡‡‡ | ‡‡‡ |
| Earnings | — | ‡‡‡ | ‡‡‡ |
| Book Value | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 65.84 | 51.44 | — | — |
—
|
| ’25 | 46.85 | 47.40 | 41.63 | 49.87 |
185.74
|
| ’24 | 64.18 | 69.42 | 69.03 | 56.56 |
259.19
|
| ’23 | 79.03 | 68.91 | 66.87 | 74.14 |
288.95
|
| ’22 | 244.29 | 242.73 | 191.26 | 204.71 |
883.00
|
| ’21 | 148.21 | 217.78 | 204.81 | 228.44 |
799.24
|
| ’20 | 50.98 | 46.91 | 87.86 | 98.35 |
284.10
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 8.67 | 3.99 | — | — |
—
|
| ’25 | (9.39) | (10.26) | (15.15) | (22.77) |
(57.57)
|
| ’24 | (8.47) | 17.43 | 13.14 | (14.64) |
7.47
|
| ’23 | 85.07 | 19.19 | 14.17 | 7.79 |
126.22
|
| ’22 | 162.30 | 164.28 | 110.06 | 99.34 |
535.98
|
| ’21 | 38.33 | 165.94 | 105.56 | 58.74 |
368.57
|
| ’20 | 9.71 | 11.62 | 51.43 | 79.43 |
152.19
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 4.23 | 3.62 | — | — |
—
|
| ’25 | (13.89) | (13.14) | (18.81) | (24.88) |
(70.72)
|
| ’24 | (14.13) | 7.88 | 4.55 | (20.79) |
(22.49)
|
| ’23 | 77.21 | (5.86) | (1.66) | (9.01) |
60.67
|
| ’22 | 159.56 | 162.62 | 103.59 | 93.12 |
518.89
|
| ’21 | 35.54 | 161.41 | 104.23 | 53.09 |
354.27
|
| ’20 | 40.80 | 8.56 | 41.34 | 70.58 |
161.28
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.02) | (0.08) | — | — |
—
|
| ’25 | (0.21) | (0.27) | (0.18) | (0.24) |
(0.90)
|
| ’24 | (0.09) | (0.05) | (0.70) | (0.18) |
(1.05)
|
| ’23 | 0.00 | (0.05) | (0.05) | (0.80) |
(0.90)
|
| ’22 | 0.50 | 0.53 | 0.34 | 0.28 |
1.67
|
| ’21 | 0.24 | 0.44 | 0.23 | 0.42 |
1.56
|
| ’20 | 0.23 | 0.00 | 0.32 | 0.13 |
2.36
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 12.16 | 4.52 | 4.28 | 1.67 | — | — | — |
Low Price
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 41.87 | 16.90 | 11.56 | 6.21 | — | — | — |
High Price
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 610 | 650 | 570 | 435 | — | — | — |
Employees
|
| — | — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.45 | 0.44 | 0.45 | 0.43 | — | — | — |
Revenue/Emp
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 883.00 | 288.95 | 259.19 | 185.74 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 80.87% | 48.52% | 41.79% | 18.30% | — | — | — |
Gross Margin
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 551.47 | 617.74 | (261.48) | (234.97) | ‡‡‡‡‡ | — | — |
EBT
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 62.45% | 213.79% | (100.89%) | (126.50%) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 490.66 | (138.37) | (259.62) | (230.76) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 40.89 | 51.71 | 59.76 | 62.13 | — | — | — |
Depreciation
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.71 | 2.19 | 1.88 | 1.29 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 1.67 | (0.90) | (1.05) | (0.90) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.07 | 0.96 | 0.05 | (0.40) | ‡‡‡‡ | — | — |
Cash Flow/Sh
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.13) | (0.50) | (0.22) | (0.09) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.94 | 0.46 | (0.16) | (0.49) | — | — | — |
Free CF/Sh
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.88 | 5.99 | 4.19 | 2.58 | ‡‡‡‡‡ | — | — |
Book Value/Sh
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 131.55 | 131.92 | 137.91 | 144.36 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.20 | 0.00 | 0.00 | 0.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
PE Ratio
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.04 | 3.08 | 2.90 | 2.53 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.99 | 1.13 | 1.30 | 1.26 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.92 | 3.01 | 2.92 | 3.09 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.27 | 14.34 | (34.07) | (8.12) | — | — | — |
EV/FCF
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 535.98 | 126.22 | 7.47 | (57.57) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (17.09) | (65.55) | (29.96) | (13.15) | ‡‡‡‡‡ | — | — |
Capex
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 518.89 | 60.67 | (22.49) | (70.72) | ‡‡‡‡‡ | — | — |
FCF
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 737.76 | 612.44 | 372.18 | 251.33 | — | — | — |
Working Cap'
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 527.44 | 556.04 | 327.04 | 321.91 | — | — | — |
Total Debt
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (104.70) | (18.92) | 4.64 | 105.02 | — | — | — |
Net Debt
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 905.24 | 789.88 | 577.21 | 372.71 | — | — | — |
Sh' Equity
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.48% | (6.31%) | (11.61%) | (14.70%) | ‡‡‡‡‡ | — | — |
ROA
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 44.83% | (2.57%) | (25.31%) | (28.16%) | — | — | — |
ROIC
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 30.36% | (14.04%) | (21.19%) | (27.53%) | ‡‡‡‡‡ | — | — |
ROE
|
Maravai LifeSciences Holdings (MRVI) exemplifies a pandemic boom-to-bust cycle, with revenues surging 99% to $284M in 2020 and peaking at $883M in 2022 amid mRNA vaccine demand, driving EBT margins to 66% and ROE above 50%. Profits ballooned to $491M net income, fueling a stock rally from $24-$32 to $26-$64. Yet post-2022, revenues cratered 67% to $289M in 2023 and 10% further to $259M in 2024, flipping to $260M losses, gross margins eroding to 42%, and shares tumbling to $3-$4 lows—questioning if it’s a value play or trap.
Insider optimism shines through: CEO and directors bought ~$1.88M in shares in late 2025, amid no sells. Analysts project revenue bottoming at $185M in 2025 before +10-7% rebounds to $218M by 2027, losses narrowing 55-33% to -$39M, and FCF turning positive at $13M. Multiples scream cheap at 2.9x PS, 1.3x PB, with average price targets implying 50% upside (high 70%), balanced against biotech volatility.
Current metrics track revenue shadows perfectly, with manageable debt and cash buffers offering runway for mRNA therapeutics pivot. Watch for Q1 2026 inflection—speculative rebound potential if non-COVID growth materializes.
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