Eton Pharmaceuticals, Inc. (ETON) vs Supernus Pharmaceuticals, Inc. (SUPN)

Eton Pharmaceuticals, Inc. and Supernus Pharmaceuticals, Inc. are both Drug Manufacturers Specialty & Generic companies. Supernus Pharmaceuticals, Inc. is the larger, with a market value of $2.5B against $1.7B — 1.5× the size. Supernus Pharmaceuticals, Inc. has negative trailing earnings, so its P/E is not meaningful; Eton Pharmaceuticals, Inc. trades at 123×. Eton Pharmaceuticals, Inc. grew revenue faster over the last twelve months: 81.5% against 24.9%. Eton Pharmaceuticals, Inc. has the higher net margin (12.0% vs −13.2%) and the higher return on invested capital (21.4% vs −12.4%). Across the 18 metrics below, Eton Pharmaceuticals, Inc. leads on 9 and Supernus Pharmaceuticals, Inc. on 9.

Valuation

Metric ETON SUPN Drug Manufacturers Specialty & Generic median
P/E 122.72 n/m 20.14
P/S 15.10 2.98 2.25
P/B 34.23 2.40 1.90
Price to free cash flow n/m 147.92 16.54
EV/EBITDA 74.26 n/m 12.29
EV/Sales 15.11 2.59 2.56
Earnings yield 0.81% (4.50%) (2.99%)
Free cash flow yield (0.53%) 0.68% 0.00%

Profitability

Metric ETON SUPN Drug Manufacturers Specialty & Generic median
Gross margin 57.87% 88.07% 53.94%
Operating margin 15.44% (15.71%) 0.00%
Net margin 12.02% (13.23%) 0.00%
Free cash flow margin (7.94%) 2.21% 0.00%
Return on equity 35.97% (10.49%) (0.40%)
Return on assets 11.67% (7.82%) (3.32%)
Return on invested capital 21.39% (12.37%) 0.00%

Growth

Metric ETON SUPN Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) 81.49% 24.85% 10.01%
EPS growth (last fiscal year) (13.33%) (151.52%) —
Revenue growth, 5-year CAGR 359.57% 6.68% 6.74%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ETON SUPN Drug Manufacturers Specialty & Generic median
Debt to equity 0.60 0.00 0.05
Current ratio 1.52 2.08 2.31
Net debt to EBITDA 1.18 (11.12) 0.85

Dividend

Metric ETON SUPN Drug Manufacturers Specialty & Generic median
Dividend yield — — 1.70%
Payout ratio 0.00 0.00 0.00

Size

Metric ETON SUPN Drug Manufacturers Specialty & Generic median
Market cap 1.72b 2.52b 337.35m

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