Eton Pharmaceuticals, Inc. (ETON) vs Xeris Biopharma Holdings, Inc. (XERS)

Eton Pharmaceuticals, Inc. and Xeris Biopharma Holdings, Inc. are both Drug Manufacturers Specialty & Generic companies. Eton Pharmaceuticals, Inc. and Xeris Biopharma Holdings, Inc. are of similar size ($1.7B and $1.6B). Xeris Biopharma Holdings, 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 36.3%. Eton Pharmaceuticals, Inc. has the higher net margin (12.0% vs −5.12%) and the higher return on invested capital (21.4% vs 18.9%). Across the 18 metrics below, Eton Pharmaceuticals, Inc. leads on 9 and Xeris Biopharma Holdings, Inc. on 9.

Valuation

Metric ETON XERS Drug Manufacturers Specialty & Generic median
P/E 122.72 n/m 20.14
P/S 15.10 4.69 2.25
P/B 34.23 n/m 1.90
Price to free cash flow n/m 28.25 16.54
EV/EBITDA 74.26 32.20 12.29
EV/Sales 15.11 5.08 2.56
Earnings yield 0.81% (1.06%) (2.99%)
Free cash flow yield (0.53%) 3.54% 0.00%

Profitability

Metric ETON XERS Drug Manufacturers Specialty & Generic median
Gross margin 57.87% 86.58% 53.94%
Operating margin 15.44% 10.91% 0.00%
Net margin 12.02% (5.12%) 0.00%
Free cash flow margin (7.94%) 16.60% 0.00%
Return on equity 35.97% 118.22% (0.40%)
Return on assets 11.67% (4.60%) (3.32%)
Return on invested capital 21.39% 18.88% 0.00%

Growth

Metric ETON XERS Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) 81.49% 36.33% 10.01%
EPS growth (last fiscal year) (13.33%) 100.86% —
Revenue growth, 5-year CAGR 359.57% 70.20% 6.74%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ETON XERS Drug Manufacturers Specialty & Generic median
Debt to equity 0.60 (25.95) 0.05
Current ratio 1.52 1.45 2.31
Net debt to EBITDA 1.18 2.67 0.85

Dividend

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

Size

Metric ETON XERS Drug Manufacturers Specialty & Generic median
Market cap 1.72b 1.63b 337.35m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack