Adaptive Biotechnologies Corporation (ADPT) vs RadNet, Inc. (RDNT)

Adaptive Biotechnologies Corporation and RadNet, Inc. are both Diagnostics & Research companies. RadNet, Inc. is the larger, with a market value of $5.6B against $4.7B — 1.2× the size. Adaptive Biotechnologies Corporation grew revenue faster over the last twelve months: 50.1% against 18.9%. RadNet, Inc. has the higher net margin (−0.93% vs −20.7%) and the higher return on invested capital (2.24% vs −16.6%). Across the 18 metrics below, RadNet, Inc. leads on 13 and Adaptive Biotechnologies Corporation on 5.

Valuation

Metric ADPT RDNT Diagnostics & Research median
P/E n/m n/m 33.95
P/S 15.27 2.43 4.87
P/B 31.23 3.95 3.12
Price to free cash flow n/m 170.43 34.02
EV/EBITDA n/m 19.86 25.20
EV/Sales 15.24 2.69 5.66
Earnings yield (1.39%) (0.38%) (1.75%)
Free cash flow yield (0.51%) 0.59% (0.13%)

Profitability

Metric ADPT RDNT Diagnostics & Research median
Gross margin 75.57% 11.53% 50.89%
Operating margin (12.16%) 3.12% (8.57%)
Net margin (20.73%) (0.93%) (6.37%)
Free cash flow margin (7.80%) 3.28% 0.00%
Return on equity (38.68%) (1.64%) (2.92%)
Return on assets (11.23%) (0.55%) (6.71%)
Return on invested capital (16.57%) 2.24% 0.00%

Growth

Metric ADPT RDNT Diagnostics & Research median
Revenue growth (TTM) 50.13% 18.92% 7.69%
EPS growth (last fiscal year) 63.89% (725.00%) —
Revenue growth, 5-year CAGR 23.00% 13.74% 7.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ADPT RDNT Diagnostics & Research median
Debt to equity 2.22 0.94 0.11
Current ratio 4.79 1.48 2.02
Net debt to EBITDA 5.43 1.16 0.78

Dividend

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

Size

Metric ADPT RDNT Diagnostics & Research median
Market cap 4.71b 5.60b 2.56b

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