Codexis, Inc. (CDXS) vs Nkarta, Inc. (NKTX)

Codexis, Inc. and Nkarta, Inc. are both Biotechnology companies. Codexis, Inc. and Nkarta, Inc. are of similar size ($148.9M and $138.2M). Nkarta, Inc. has the higher net margin (0.00% vs −39.6%) and the higher return on invested capital (−127.2% vs −151.2%). Across the 14 metrics below, Nkarta, Inc. leads on 8 and Codexis, Inc. on 6.

Valuation

Metric CDXS NKTX Biotechnology median
P/E n/m n/m 8.42
P/S 1.58 n/m 10.01
P/B 3.73 0.58 2.21
Price to free cash flow n/m n/m 21.01
EV/EBITDA n/m 0.31 0.61
EV/Sales 1.31 n/m 9.41
Earnings yield (25.19%) (81.35%) (31.85%)
Free cash flow yield (9.90%) (65.31%) (24.58%)

Profitability

Metric CDXS NKTX Biotechnology median
Gross margin 87.02% 0.00% 65.16%
Operating margin (35.61%) 0.00% 0.00%
Net margin (39.55%) 0.00% 0.00%
Free cash flow margin (15.66%) 0.00% 0.00%
Return on equity (69.36%) (38.76%) (56.36%)
Return on assets (23.79%) (29.86%) (48.04%)
Return on invested capital (151.17%) (127.22%) 0.00%

Growth

Metric CDXS NKTX Biotechnology median
Revenue growth (TTM) 35.89% — 6.02%
EPS growth (last fiscal year) 43.82% 11.88% 30.26%
Revenue growth, 5-year CAGR 0.38% — 9.41%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CDXS NKTX Biotechnology median
Debt to equity 1.03 0.00 0.00
Current ratio 3.06 7.98 4.72
Net debt to EBITDA 1.11 2.35 0.96

Dividend

Metric CDXS NKTX Biotechnology median
Dividend yield — — 0.08%
Payout ratio — — —

Size

Metric CDXS NKTX Biotechnology median
Market cap 148.93m 138.24m 132.35m

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