BillionToOne, Inc. (BLLN) vs GRAIL, Inc. (GRAL)

BillionToOne, Inc. and GRAIL, Inc. are both Diagnostics & Research companies. GRAIL, Inc. is the larger, with a market value of $6.1B against $4.9B — 1.2× the size. GRAIL, Inc. has negative trailing earnings, so its P/E is not meaningful; BillionToOne, Inc. trades at 95.0×. BillionToOne, Inc. has the higher net margin (8.35% vs −237.0%) and the higher return on invested capital (34.1% vs −20.8%). Across the 16 metrics below, BillionToOne, Inc. leads on 14 and GRAIL, Inc. on 2.

Valuation

Metric BLLN GRAL Diagnostics & Research median
P/E 94.98 n/m 35.56
P/S 11.45 30.73 4.37
P/B 8.48 2.00 3.06
Price to free cash flow 137.17 n/m 35.76
EV/EBITDA 73.61 n/m 24.35
EV/Sales 10.30 25.52 5.51
Earnings yield 1.05% (8.28%) (1.89%)
Free cash flow yield 0.73% (5.83%) (0.15%)

Profitability

Metric BLLN GRAL Diagnostics & Research median
Gross margin 71.27% (31.31%) 50.89%
Operating margin 10.90% (338.40%) (8.57%)
Net margin 8.35% (236.95%) (6.37%)
Free cash flow margin 8.35% (179.21%) 0.00%
Return on equity 23.27% (16.12%) (2.92%)
Return on assets 9.09% (14.12%) (6.71%)
Return on invested capital 34.10% (20.79%) 0.00%

Growth

Metric BLLN GRAL Diagnostics & Research median
Revenue growth (TTM) — 23.07% 7.69%
EPS growth (last fiscal year) 103.40% 82.51% 25.92%
Revenue growth, 5-year CAGR — — 7.40%
Net income growth, 5-year CAGR — — 0.00%

Health

Metric BLLN GRAL Diagnostics & Research median
Debt to equity 0.17 0.00 0.11
Current ratio 11.69 10.95 2.02
Net debt to EBITDA (15.70) 2.27 0.70

Dividend

Metric BLLN GRAL Diagnostics & Research median
Dividend yield — — 0.66%
Payout ratio — — 0.20

Size

Metric BLLN GRAL Diagnostics & Research median
Market cap 4.85b 6.05b 2.16b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack