BioMarin Pharmaceutical Inc. (BMRN) vs Kymera Therapeutics, Inc. (KYMR)

BioMarin Pharmaceutical Inc. and Kymera Therapeutics, Inc. are both Biotechnology companies. BioMarin Pharmaceutical Inc. is the larger, with a market value of $10.9B against $9.0B — 1.2× the size. Kymera Therapeutics, Inc. has negative trailing earnings, so its P/E is not meaningful; BioMarin Pharmaceutical Inc. trades at 144×. Kymera Therapeutics, Inc. grew revenue faster over the last twelve months: 134.8% against 11.2%. BioMarin Pharmaceutical Inc. has the higher net margin (2.14% vs −285.3%) and the higher return on invested capital (0.97% vs −26.7%). Across the 19 metrics below, BioMarin Pharmaceutical Inc. leads on 14 and Kymera Therapeutics, Inc. on 5.

Valuation

Metric BMRN KYMR Biotechnology median
P/E 143.89 n/m 8.50
P/S 3.10 97.97 9.71
P/B 1.67 6.82 2.13
Price to free cash flow 14.59 n/m 20.82
EV/EBITDA 46.69 n/m 0.64
EV/Sales 4.08 91.40 9.21
Earnings yield 0.69% (3.09%) (33.15%)
Free cash flow yield 6.85% (2.31%) (25.50%)

Profitability

Metric BMRN KYMR Biotechnology median
Gross margin 76.12% 100.00% 65.16%
Operating margin 4.38% (333.50%) 0.00%
Net margin 2.14% (285.33%) 0.00%
Free cash flow margin 21.28% (226.62%) 0.00%
Return on equity 1.18% (24.15%) (56.36%)
Return on assets 0.76% (21.58%) (48.04%)
Return on invested capital 0.97% (26.72%) 0.00%

Growth

Metric BMRN KYMR Biotechnology median
Revenue growth (TTM) 11.20% 134.84% 6.02%
EPS growth (last fiscal year) (18.55%) (23.83%) 30.26%
Revenue growth, 5-year CAGR 11.60% 2.87% 9.41%
Net income growth, 5-year CAGR (16.39%) 0.00% 0.00%

Health

Metric BMRN KYMR Biotechnology median
Debt to equity 0.66 0.00 0.00
Current ratio 2.39 10.34 4.72
Net debt to EBITDA (1.99) 2.42 0.96

Dividend

Metric BMRN KYMR Biotechnology median
Dividend yield — — 0.09%
Payout ratio — — —

Size

Metric BMRN KYMR Biotechnology median
Market cap 10.85b 8.99b 135.18m

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