Adaptive Biotechnologies Corporation (ADPT) vs NeoGenomics, Inc. (NEO)

Adaptive Biotechnologies Corporation and NeoGenomics, Inc. are both Diagnostics & Research companies. Adaptive Biotechnologies Corporation is the larger, with a market value of $4.7B against $2.5B — 1.9× the size. Adaptive Biotechnologies Corporation grew revenue faster over the last twelve months: 50.1% against 11.2%. NeoGenomics, Inc. has the higher net margin (−6.77% vs −20.7%) and the higher return on invested capital (−4.20% vs −16.6%). Across the 18 metrics below, NeoGenomics, Inc. leads on 12 and Adaptive Biotechnologies Corporation on 6.

Valuation

Metric ADPT NEO Diagnostics & Research median
P/E n/m n/m 33.95
P/S 15.27 3.27 4.87
P/B 31.23 3.19 3.12
Price to free cash flow n/m n/m 34.02
EV/EBITDA n/m n/m 25.20
EV/Sales 15.24 3.84 5.66
Earnings yield (1.39%) (2.07%) (1.75%)
Free cash flow yield (0.51%) (0.21%) (0.13%)

Profitability

Metric ADPT NEO Diagnostics & Research median
Gross margin 75.57% 43.92% 50.89%
Operating margin (12.16%) (8.93%) (8.57%)
Net margin (20.73%) (6.77%) (6.37%)
Free cash flow margin (7.80%) (0.69%) 0.00%
Return on equity (38.68%) (6.33%) (2.92%)
Return on assets (11.23%) (3.78%) (6.71%)
Return on invested capital (16.57%) (4.20%) 0.00%

Growth

Metric ADPT NEO Diagnostics & Research median
Revenue growth (TTM) 50.13% 11.19% 7.69%
EPS growth (last fiscal year) 63.89% (35.48%) —
Revenue growth, 5-year CAGR 23.00% 10.35% 7.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ADPT NEO Diagnostics & Research median
Debt to equity 2.22 0.48 0.11
Current ratio 4.79 3.60 2.02
Net debt to EBITDA 5.43 (3.96) 0.78

Dividend

Metric ADPT NEO Diagnostics & Research median
Dividend yield — — 0.70%
Payout ratio 0.00 0.00 0.00

Size

Metric ADPT NEO Diagnostics & Research median
Market cap 4.71b 2.50b 2.56b

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