Biohaven Ltd. (BHVN) vs Fortrea Holdings Inc. (FTRE)

Biohaven Ltd. and Fortrea Holdings Inc. are both Biotechnology companies. Biohaven Ltd. and Fortrea Holdings Inc. are of similar size ($2.1B and $2.0B). Biohaven Ltd. grew revenue faster over the last twelve months: 425.2% against −3.38%. Biohaven Ltd. has the higher net margin (0.00% vs −2.58%) and the lower return on invested capital (−6,659.9% vs 0.59%). Across the 16 metrics below, Fortrea Holdings Inc. leads on 9 and Biohaven Ltd. on 7.

Valuation

Metric BHVN FTRE Biotechnology median
P/E n/m n/m 10.60
P/S 2.19 0.79 9.40
P/B n/m 3.94 2.13
Price to free cash flow n/m 12.27 25.18
EV/EBITDA n/m 32.06 0.66
EV/Sales 2.30 1.10 9.02
Earnings yield (26.67%) (3.34%) (32.88%)
Free cash flow yield (22.56%) 8.15% (23.13%)

Profitability

Metric BHVN FTRE Biotechnology median
Gross margin 0.00% 20.00% 68.51%
Operating margin 0.00% 0.48% 0.00%
Net margin 0.00% (2.58%) 0.00%
Free cash flow margin 0.00% 6.41% 0.00%
Return on equity 940.46% (12.34%) (51.96%)
Return on assets (161.32%) (2.51%) (46.06%)
Return on invested capital (6,659.91%) 0.59% 0.00%

Growth

Metric BHVN FTRE Biotechnology median
Revenue growth (TTM) 425.20% (3.38%) 6.76%
EPS growth (last fiscal year) 26.08% (194.55%) 29.88%
Revenue growth, 5-year CAGR — 1.09% 9.75%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BHVN FTRE Biotechnology median
Debt to equity (2.69) 1.98 0.00
Current ratio 3.05 0.97 4.97
Net debt to EBITDA 0.11 266.13 1.01

Dividend

Metric BHVN FTRE Biotechnology median
Dividend yield — — 0.41%
Payout ratio — — —

Size

Metric BHVN FTRE Biotechnology median
Market cap 2.10b 1.97b 161.82m

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