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 $6.1B against $4.3B — 1.4× the size. RadNet, Inc. grew revenue faster over the last twelve months: 18.9% against 17.9%. RadNet, Inc. has the higher net margin (−0.93% vs −23.7%) and the higher return on invested capital (2.24% vs 0.00%). 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 34.52
P/S 14.51 2.69 4.24
P/B 23.52 4.38 3.42
Price to free cash flow n/m 188.87 33.51
EV/EBITDA n/m 21.80 23.44
EV/Sales 14.63 2.96 5.18
Earnings yield (1.67%) (0.34%) (1.50%)
Free cash flow yield (0.20%) 0.53% 0.00%

Profitability

Metric ADPT RDNT Diagnostics & Research median
Gross margin 74.15% 11.53% 48.32%
Operating margin (16.18%) 3.12% (5.68%)
Net margin (23.66%) (0.93%) (4.10%)
Free cash flow margin (2.96%) 3.28% 0.00%
Return on equity (36.34%) (1.64%) 0.00%
Return on assets (12.02%) (0.55%) (6.05%)
Return on invested capital 0.00% 2.24% 0.00%

Growth

Metric ADPT RDNT Diagnostics & Research median
Revenue growth (TTM) 17.91% 18.92% 8.99%
EPS growth (last fiscal year) 63.89% (725.00%) 20.36%
Revenue growth, 5-year CAGR 23.00% 13.74% 7.30%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ADPT RDNT Diagnostics & Research median
Debt to equity 0.00 0.94 0.01
Current ratio 3.97 1.48 2.27
Net debt to EBITDA 5.43 1.16 0.68

Dividend

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

Size

Metric ADPT RDNT Diagnostics & Research median
Market cap 4.28b 6.14b 2.22b

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