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 $4.1B against $2.2B — 1.8× 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 35.56
P/S 12.46 2.82 4.37
P/B 25.49 2.75 3.06
Price to free cash flow n/m n/m 35.76
EV/EBITDA n/m n/m 24.35
EV/Sales 12.43 3.38 5.51
Earnings yield (1.71%) (2.40%) (1.89%)
Free cash flow yield (0.63%) (0.25%) (0.15%)

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%) 25.92%
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) 0.70

Dividend

Metric ADPT NEO Diagnostics & Research median
Dividend yield — — 0.66%
Payout ratio — — 0.20

Size

Metric ADPT NEO Diagnostics & Research median
Market cap 4.08b 2.22b 2.16b

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