BillionToOne, Inc. (BLLN) vs Veracyte, Inc. (VCYT)

BillionToOne, Inc. and Veracyte, Inc. are both Diagnostics & Research companies. BillionToOne, Inc. is the larger, with a market value of $5.3B against $1.9B — 2.7× the size. Veracyte, Inc. trades at the lower P/E: 15.2× against 88.7×. BillionToOne, Inc. grew revenue faster over the last twelve months: 76.5% against 17.5%. Veracyte, Inc. has the higher net margin (21.8% vs 11.2%) and the higher return on invested capital (4.33% vs 0.00%). Across the 19 metrics below, Veracyte, Inc. leads on 15 and BillionToOne, Inc. on 4.

Valuation

Metric BLLN VCYT Diagnostics & Research median
P/E 88.69 15.16 34.52
P/S 12.11 3.34 4.24
P/B 9.86 1.35 3.42
Price to free cash flow 156.11 11.98 33.51
EV/EBITDA 86.69 11.76 23.44
EV/Sales 11.03 2.51 5.18
Earnings yield 1.13% 6.59% (1.50%)
Free cash flow yield 0.64% 8.34% 0.00%

Profitability

Metric BLLN VCYT Diagnostics & Research median
Gross margin 71.41% 71.98% 48.32%
Operating margin 10.23% 17.08% (5.68%)
Net margin 11.23% 21.80% (4.10%)
Free cash flow margin 7.76% 27.84% 0.00%
Return on equity 0.00% 9.43% 0.00%
Return on assets 9.02% 8.63% (6.05%)
Return on invested capital 0.00% 4.33% 0.00%

Growth

Metric BLLN VCYT Diagnostics & Research median
Revenue growth (TTM) 76.53% 17.50% 8.99%
EPS growth (last fiscal year) 103.40% 164.52% 20.36%
Revenue growth, 5-year CAGR — 34.50% 7.30%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric BLLN VCYT Diagnostics & Research median
Debt to equity 0.00 0.00 0.01
Current ratio 11.25 5.56 2.27
Net debt to EBITDA (15.70) (5.44) 0.68

Dividend

Metric BLLN VCYT Diagnostics & Research median
Dividend yield — — 0.67%
Payout ratio — — 0.20

Size

Metric BLLN VCYT Diagnostics & Research median
Market cap 5.30b 1.93b 2.22b

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