Biodesix, Inc. (BDSX) vs Fulgent Genetics, Inc. (FLGT)

Biodesix, Inc. and Fulgent Genetics, Inc. are both Diagnostics & Research companies. Fulgent Genetics, Inc. is the larger, with a market value of $593.0M against $310.2M — 1.9× the size. Biodesix, Inc. grew revenue faster over the last twelve months: 34.5% against 6.83%. Fulgent Genetics, Inc. has the higher net margin (−26.1% vs −27.0%) and the higher return on invested capital (−10.3% vs −49.6%). Across the 18 metrics below, Biodesix, Inc. leads on 9 and Fulgent Genetics, Inc. on 9.

Valuation

Metric BDSX FLGT Diagnostics & Research median
P/E n/m n/m 33.95
P/S 2.91 1.92 4.87
P/B 32.77 0.62 3.12
Price to free cash flow n/m n/m 34.02
EV/EBITDA n/m n/m 25.20
EV/Sales 3.07 1.18 5.66
Earnings yield (10.89%) (12.70%) (1.75%)
Free cash flow yield (6.81%) (16.69%) (0.13%)

Profitability

Metric BDSX FLGT Diagnostics & Research median
Gross margin 82.50% 35.58% 50.89%
Operating margin (20.02%) (37.75%) (8.57%)
Net margin (26.97%) (26.05%) (6.37%)
Free cash flow margin (19.82%) (32.04%) 0.00%
Return on equity (540.01%) (8.01%) (2.92%)
Return on assets (30.33%) (7.37%) (6.71%)
Return on invested capital (49.60%) (10.34%) 0.00%

Growth

Metric BDSX FLGT Diagnostics & Research median
Revenue growth (TTM) 34.46% 6.83% 7.69%
EPS growth (last fiscal year) 29.24% (39.72%) —
Revenue growth, 5-year CAGR 14.20% (5.21%) 7.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BDSX FLGT Diagnostics & Research median
Debt to equity 5.12 0.00 0.11
Current ratio 2.85 6.34 2.02
Net debt to EBITDA (1.36) 4.66 0.78

Dividend

Metric BDSX FLGT Diagnostics & Research median
Dividend yield — — 0.70%
Payout ratio 0.00 0.00 0.00

Size

Metric BDSX FLGT Diagnostics & Research median
Market cap 310.20m 592.95m 2.56b

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