BioCryst Pharmaceuticals, Inc. (BCRX) vs Eton Pharmaceuticals, Inc. (ETON)

BioCryst Pharmaceuticals, Inc. and Eton Pharmaceuticals, Inc. are both Drug Manufacturers Specialty & Generic companies. BioCryst Pharmaceuticals, Inc. is the larger, with a market value of $2.2B against $1.7B — 1.3× the size. BioCryst Pharmaceuticals, Inc. has negative trailing earnings, so its P/E is not meaningful; Eton Pharmaceuticals, Inc. trades at 123×. Eton Pharmaceuticals, Inc. grew revenue faster over the last twelve months: 81.5% against 68.7%. Eton Pharmaceuticals, Inc. has the higher net margin (12.0% vs −40.9%) and the higher return on invested capital (21.4% vs −610.6%). Across the 17 metrics below, BioCryst Pharmaceuticals, Inc. leads on 10 and Eton Pharmaceuticals, Inc. on 7.

Valuation

Metric BCRX ETON Drug Manufacturers Specialty & Generic median
P/E n/m 122.72 20.14
P/S 2.32 15.10 2.25
P/B n/m 34.23 1.90
Price to free cash flow 5.85 n/m 16.54
EV/EBITDA n/m 74.26 12.29
EV/Sales 2.84 15.11 2.56
Earnings yield (16.76%) 0.81% (2.99%)
Free cash flow yield 17.11% (0.53%) 0.00%

Profitability

Metric BCRX ETON Drug Manufacturers Specialty & Generic median
Gross margin 97.78% 57.87% 53.94%
Operating margin (33.29%) 15.44% 0.00%
Net margin (40.90%) 12.02% 0.00%
Free cash flow margin 39.75% (7.94%) 0.00%
Return on equity 87.84% 35.97% (0.40%)
Return on assets (75.79%) 11.67% (3.32%)
Return on invested capital (610.55%) 21.39% 0.00%

Growth

Metric BCRX ETON Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) 68.72% 81.49% 10.01%
EPS growth (last fiscal year) 381.40% (13.33%) —
Revenue growth, 5-year CAGR 117.89% 359.57% 6.74%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BCRX ETON Drug Manufacturers Specialty & Generic median
Debt to equity (1.85) 0.60 0.05
Current ratio 2.32 1.52 2.31
Net debt to EBITDA 0.61 1.18 0.85

Dividend

Metric BCRX ETON Drug Manufacturers Specialty & Generic median
Dividend yield 3.71% — 1.70%
Payout ratio 0.00 0.00 0.00

Size

Metric BCRX ETON Drug Manufacturers Specialty & Generic median
Market cap 2.18b 1.72b 337.35m

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