ACADIA Pharmaceuticals Inc. (ACAD) vs Arcutis Biotherapeutics, Inc. (ARQT)

ACADIA Pharmaceuticals Inc. and Arcutis Biotherapeutics, Inc. are both Biotechnology companies. ACADIA Pharmaceuticals Inc. and Arcutis Biotherapeutics, Inc. are of similar size ($3.7B and $3.4B). ACADIA Pharmaceuticals Inc. trades at the lower P/E: 8.5× against 131×. Arcutis Biotherapeutics, Inc. grew revenue faster over the last twelve months: 76.1% against 11.8%. ACADIA Pharmaceuticals Inc. has the higher net margin (33.4% vs 6.15%) and the lower return on invested capital (15.4% vs 23.6%). Across the 19 metrics below, ACADIA Pharmaceuticals Inc. leads on 14 and Arcutis Biotherapeutics, Inc. on 5.

Valuation

Metric ACAD ARQT Biotechnology median
P/E 8.50 131.00 8.50
P/S 2.88 8.11 9.71
P/B 2.51 17.05 2.13
Price to free cash flow n/m 156.26 20.82
EV/EBITDA 24.19 102.13 0.64
EV/Sales 2.04 7.83 9.21
Earnings yield 11.77% 0.76% (33.15%)
Free cash flow yield (1.59%) 0.64% (25.50%)

Profitability

Metric ACAD ARQT Biotechnology median
Gross margin 91.13% 91.14% 65.16%
Operating margin 7.59% 7.38% 0.00%
Net margin 33.42% 6.15% 0.00%
Free cash flow margin 12.79% 8.42% 0.00%
Return on equity 35.74% 15.86% (56.36%)
Return on assets 25.64% 6.78% (48.04%)
Return on invested capital 15.42% 23.62% 0.00%

Growth

Metric ACAD ARQT Biotechnology median
Revenue growth (TTM) 11.75% 76.11% 6.02%
EPS growth (last fiscal year) 69.12% 88.79% 30.26%
Revenue growth, 5-year CAGR 19.39% — 9.41%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ACAD ARQT Biotechnology median
Debt to equity 0.00 0.49 0.00
Current ratio 3.39 2.92 4.72
Net debt to EBITDA (7.37) 11.64 0.96

Dividend

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

Size

Metric ACAD ARQT Biotechnology median
Market cap 3.40b 3.66b 135.18m

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