Celldex Therapeutics, Inc. (CLDX) vs Harmony Biosciences Holdings, Inc. (HRMY)

Celldex Therapeutics, Inc. and Harmony Biosciences Holdings, Inc. are both Biotechnology companies. Celldex Therapeutics, Inc. and Harmony Biosciences Holdings, Inc. are of similar size ($2.5B and $2.4B). Celldex Therapeutics, Inc. has negative trailing earnings, so its P/E is not meaningful; Harmony Biosciences Holdings, Inc. trades at 13.2×. Harmony Biosciences Holdings, Inc. grew revenue faster over the last twelve months: 24.3% against −88.3%. Harmony Biosciences Holdings, Inc. has the higher net margin (18.9% vs −33,883.8%) and the higher return on invested capital (29.7% vs 0.00%). Across the 18 metrics below, Harmony Biosciences Holdings, Inc. leads on 15 and Celldex Therapeutics, Inc. on 3.

Valuation

Metric CLDX HRMY Biotechnology median
P/E n/m 13.18 7.88
P/S 2,729.23 2.49 11.47
P/B 3.39 2.39 2.52
Price to free cash flow n/m 7.59 21.16
EV/EBITDA n/m 7.35 0.74
EV/Sales 1,923.07 1.95 10.73
Earnings yield (13.99%) 7.59% (28.84%)
Free cash flow yield (10.00%) 13.17% (23.03%)

Profitability

Metric CLDX HRMY Biotechnology median
Gross margin 100.00% 75.42% 65.16%
Operating margin (36,733.82%) 24.03% 0.00%
Net margin (33,883.77%) 18.88% 0.00%
Free cash flow margin (27,294.81%) 36.99% 0.00%
Return on equity (43.88%) 20.46% (57.72%)
Return on assets (40.76%) 14.61% (49.22%)
Return on invested capital 0.00% 29.70% 0.00%

Growth

Metric CLDX HRMY Biotechnology median
Revenue growth (TTM) (88.27%) 24.25% 5.64%
EPS growth (last fiscal year) (59.18%) 7.97% —
Revenue growth, 5-year CAGR (26.93%) 40.30% 8.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CLDX HRMY Biotechnology median
Debt to equity 0.00 0.15 0.00
Current ratio 11.82 3.48 4.73
Net debt to EBITDA 1.78 (2.63) 0.96

Dividend

Metric CLDX HRMY Biotechnology median
Dividend yield 2.16% — 2.10%
Payout ratio 0.00 0.00 0.00

Size

Metric CLDX HRMY Biotechnology median
Market cap 2.49b 2.40b 162.10m

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