AbCellera Biologics Inc. (ABCL) vs Arcutis Biotherapeutics, Inc. (ARQT)

AbCellera Biologics Inc. and Arcutis Biotherapeutics, Inc. are both Biotechnology companies. AbCellera Biologics Inc. is the larger, with a market value of $4.1B against $3.7B — 1.1× the size. AbCellera Biologics Inc. has negative trailing earnings, so its P/E is not meaningful; Arcutis Biotherapeutics, Inc. trades at 131×. AbCellera Biologics Inc. grew revenue faster over the last twelve months: 101.3% against 76.1%. Arcutis Biotherapeutics, Inc. has the higher net margin (6.15% vs −248.8%) and the higher return on invested capital (23.6% vs −42.5%). Across the 17 metrics below, Arcutis Biotherapeutics, Inc. leads on 11 and AbCellera Biologics Inc. on 6.

Valuation

Metric ABCL ARQT Biotechnology median
P/E n/m 131.00 8.50
P/S 54.49 8.11 9.71
P/B 4.02 17.05 2.13
Price to free cash flow n/m 156.26 20.82
EV/EBITDA n/m 102.13 0.64
EV/Sales 46.00 7.83 9.21
Earnings yield (4.58%) 0.76% (33.15%)
Free cash flow yield (3.41%) 0.64% (25.50%)

Profitability

Metric ABCL ARQT Biotechnology median
Gross margin 100.00% 91.14% 65.16%
Operating margin (340.25%) 7.38% 0.00%
Net margin (248.82%) 6.15% 0.00%
Free cash flow margin (180.84%) 8.42% 0.00%
Return on equity (17.30%) 15.86% (56.36%)
Return on assets (12.15%) 6.78% (48.04%)
Return on invested capital (42.52%) 23.62% 0.00%

Growth

Metric ABCL ARQT Biotechnology median
Revenue growth (TTM) 101.29% 76.11% 6.02%
EPS growth (last fiscal year) 10.91% 88.79% 30.26%
Revenue growth, 5-year CAGR (20.27%) — 9.41%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ABCL ARQT Biotechnology median
Debt to equity 0.00 0.49 0.00
Current ratio 12.77 2.92 4.72
Net debt to EBITDA 2.97 11.64 0.96

Dividend

Metric ABCL ARQT Biotechnology median
Dividend yield — — 0.09%
Payout ratio — — —

Size

Metric ABCL ARQT Biotechnology median
Market cap 4.11b 3.66b 135.18m

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