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 $4.3B against $2.1B — 2.0× the size. Adaptive Biotechnologies Corporation grew revenue faster over the last twelve months: 17.9% against 11.1%. NeoGenomics, Inc. has the higher net margin (−4.10% vs −23.7%) and the lower return on invested capital (−2.97% vs 0.00%). Across the 18 metrics below, Adaptive Biotechnologies Corporation leads on 9 and NeoGenomics, Inc. on 9.

Valuation

Metric ADPT NEO Diagnostics & Research median
P/E n/m n/m 34.52
P/S 14.51 2.70 4.24
P/B 23.52 2.66 3.42
Price to free cash flow n/m n/m 33.51
EV/EBITDA n/m 146.75 23.44
EV/Sales 14.63 3.26 5.18
Earnings yield (1.67%) (1.50%) (1.50%)
Free cash flow yield (0.20%) (1.25%) 0.00%

Profitability

Metric ADPT NEO Diagnostics & Research median
Gross margin 74.15% 44.77% 48.32%
Operating margin (16.18%) (6.27%) (5.68%)
Net margin (23.66%) (4.10%) (4.10%)
Free cash flow margin (2.96%) (3.37%) 0.00%
Return on equity (36.34%) (3.94%) 0.00%
Return on assets (12.02%) (2.35%) (6.05%)
Return on invested capital 0.00% (2.97%) 0.00%

Growth

Metric ADPT NEO Diagnostics & Research median
Revenue growth (TTM) 17.91% 11.08% 8.99%
EPS growth (last fiscal year) 63.89% (35.48%) 20.36%
Revenue growth, 5-year CAGR 23.00% 10.35% 7.30%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ADPT NEO Diagnostics & Research median
Debt to equity 0.00 0.47 0.01
Current ratio 3.97 3.53 2.27
Net debt to EBITDA 5.43 (3.96) 0.68

Dividend

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

Size

Metric ADPT NEO Diagnostics & Research median
Market cap 4.28b 2.13b 2.22b

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