Absci Corporation (ABSI) vs Fortrea Holdings Inc. (FTRE)

Absci Corporation and Fortrea Holdings Inc. are both Biotechnology companies. Absci Corporation and Fortrea Holdings Inc. are of similar size ($1.9B and $1.8B). Fortrea Holdings Inc. grew revenue faster over the last twelve months: −2.09% against −62.3%. Fortrea Holdings Inc. has the higher net margin (−3.18% vs −7,756.4%) and the higher return on invested capital (−0.48% vs −174.7%). Across the 18 metrics below, Fortrea Holdings Inc. leads on 13 and Absci Corporation on 5.

Valuation

Metric ABSI FTRE Biotechnology median
P/E n/m n/m 7.88
P/S 982.56 0.70 11.47
P/B 6.23 3.60 2.52
Price to free cash flow n/m 9.52 21.16
EV/EBITDA n/m 41.06 0.74
EV/Sales 853.84 1.04 10.73
Earnings yield (8.21%) (4.58%) (28.84%)
Free cash flow yield (7.09%) 10.50% (23.03%)

Profitability

Metric ABSI FTRE Biotechnology median
Gross margin 100.00% 19.30% 65.16%
Operating margin (8,084.50%) (0.40%) 0.00%
Net margin (7,756.37%) (3.18%) 0.00%
Free cash flow margin (6,969.83%) 7.40% 0.00%
Return on equity (57.72%) (15.30%) (57.72%)
Return on assets (50.57%) (3.07%) (49.22%)
Return on invested capital (174.74%) (0.48%) 0.00%

Growth

Metric ABSI FTRE Biotechnology median
Revenue growth (TTM) (62.28%) (2.09%) 5.64%
EPS growth (last fiscal year) 10.64% (194.55%) —
Revenue growth, 5-year CAGR (10.14%) 1.09% 8.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ABSI FTRE Biotechnology median
Debt to equity 0.00 2.01 0.00
Current ratio 10.63 0.96 4.73
Net debt to EBITDA 1.32 266.13 0.96

Dividend

Metric ABSI FTRE Biotechnology median
Dividend yield — — 2.10%
Payout ratio 0.00 — 0.00

Size

Metric ABSI FTRE Biotechnology median
Market cap 1.81b 1.90b 162.10m

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