BillionToOne, Inc. (BLLN) vs Twist Bioscience Corporation (TWST)

BillionToOne, Inc. and Twist Bioscience Corporation are both Diagnostics & Research companies. Twist Bioscience Corporation is the larger, with a market value of $12.4B against $5.9B — 2.1× the size. Twist Bioscience Corporation has negative trailing earnings, so its P/E is not meaningful; BillionToOne, Inc. trades at 119×. BillionToOne, Inc. has the higher net margin (8.35% vs −31.7%) and the higher return on invested capital (34.1% vs −30.8%). Across the 16 metrics below, BillionToOne, Inc. leads on 15 and Twist Bioscience Corporation on 1.

Valuation

Metric BLLN TWST Diagnostics & Research median
P/E 119.22 n/m 33.95
P/S 14.37 26.49 4.87
P/B 10.64 25.66 3.12
Price to free cash flow 172.16 n/m 34.02
EV/EBITDA 94.49 n/m 25.20
EV/Sales 13.22 26.18 5.66
Earnings yield 0.84% (1.21%) (1.75%)
Free cash flow yield 0.58% (0.84%) (0.13%)

Profitability

Metric BLLN TWST Diagnostics & Research median
Gross margin 71.27% 51.97% 50.89%
Operating margin 10.90% (33.58%) (8.57%)
Net margin 8.35% (31.66%) (6.37%)
Free cash flow margin 8.35% (22.15%) 0.00%
Return on equity 23.27% (29.59%) (2.92%)
Return on assets 9.09% (20.78%) (6.71%)
Return on invested capital 34.10% (30.83%) 0.00%

Growth

Metric BLLN TWST Diagnostics & Research median
Revenue growth (TTM) — 19.19% 7.69%
EPS growth (last fiscal year) 103.40% 63.89% —
Revenue growth, 5-year CAGR — 33.11% 7.40%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric BLLN TWST Diagnostics & Research median
Debt to equity 0.17 0.03 0.11
Current ratio 11.69 2.67 2.02
Net debt to EBITDA (15.70) 1.95 0.78

Dividend

Metric BLLN TWST Diagnostics & Research median
Dividend yield — — 0.70%
Payout ratio — 0.00 0.00

Size

Metric BLLN TWST Diagnostics & Research median
Market cap 5.89b 12.39b 2.56b

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