Adaptive Biotechnologies Corporation (ADPT) vs GRAIL, Inc. (GRAL)

Adaptive Biotechnologies Corporation and GRAIL, Inc. are both Diagnostics & Research companies. GRAIL, Inc. is the larger, with a market value of $5.3B against $4.3B — 1.2× the size. Adaptive Biotechnologies Corporation grew revenue faster over the last twelve months: 17.9% against 17.5%. Adaptive Biotechnologies Corporation has the higher net margin (−23.7% vs −243.8%) and the higher return on invested capital (0.00% vs −14.7%). Across the 16 metrics below, Adaptive Biotechnologies Corporation leads on 11 and GRAIL, Inc. on 5.

Valuation

Metric ADPT GRAL Diagnostics & Research median
P/E n/m n/m 34.52
P/S 14.51 34.93 4.24
P/B 23.52 2.37 3.42
Price to free cash flow n/m n/m 33.51
EV/EBITDA n/m n/m 23.44
EV/Sales 14.63 29.76 5.18
Earnings yield (1.67%) (7.64%) (1.50%)
Free cash flow yield (0.20%) (5.36%) 0.00%

Profitability

Metric ADPT GRAL Diagnostics & Research median
Gross margin 74.15% 0.00% 48.32%
Operating margin (16.18%) (347.28%) (5.68%)
Net margin (23.66%) (243.80%) (4.10%)
Free cash flow margin (2.96%) (187.27%) 0.00%
Return on equity (36.34%) (17.31%) 0.00%
Return on assets (12.02%) (15.24%) (6.05%)
Return on invested capital 0.00% (14.74%) 0.00%

Growth

Metric ADPT GRAL Diagnostics & Research median
Revenue growth (TTM) 17.91% 17.47% 8.99%
EPS growth (last fiscal year) 63.89% 82.51% 20.36%
Revenue growth, 5-year CAGR 23.00% — 7.30%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric ADPT GRAL Diagnostics & Research median
Debt to equity 0.00 0.00 0.01
Current ratio 3.97 8.93 2.27
Net debt to EBITDA 5.43 2.27 0.68

Dividend

Metric ADPT GRAL Diagnostics & Research median
Dividend yield — — 0.67%
Payout ratio — — 0.20

Size

Metric ADPT GRAL Diagnostics & Research median
Market cap 4.28b 5.32b 2.22b

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