Harmony Biosciences Holdings, Inc. (HRMY) vs Viridian Therapeutics, Inc. (VRDN)

Harmony Biosciences Holdings, Inc. and Viridian Therapeutics, Inc. are both Biotechnology companies. Harmony Biosciences Holdings, Inc. and Viridian Therapeutics, Inc. are of similar size ($2.4B and $2.4B). Viridian Therapeutics, Inc. has negative trailing earnings, so its P/E is not meaningful; Harmony Biosciences Holdings, Inc. trades at 13.2×. Viridian Therapeutics, Inc. grew revenue faster over the last twelve months: 23,220.3% against 24.3%. Harmony Biosciences Holdings, Inc. has the higher net margin (18.9% vs −544.1%) and the higher return on invested capital (29.7% vs 0.00%). Across the 18 metrics below, Harmony Biosciences Holdings, Inc. leads on 14 and Viridian Therapeutics, Inc. on 4.

Valuation

Metric HRMY VRDN Biotechnology median
P/E 13.18 n/m 7.88
P/S 2.49 31.05 11.47
P/B 2.39 3.92 2.52
Price to free cash flow 7.59 n/m 21.16
EV/EBITDA 7.35 n/m 0.74
EV/Sales 1.95 20.77 10.73
Earnings yield 7.59% (16.46%) (28.84%)
Free cash flow yield 13.17% (15.17%) (23.03%)

Profitability

Metric HRMY VRDN Biotechnology median
Gross margin 75.42% 100.00% 65.16%
Operating margin 24.03% (569.68%) 0.00%
Net margin 18.88% (544.06%) 0.00%
Free cash flow margin 36.99% (471.04%) 0.00%
Return on equity 20.46% (86.93%) (57.72%)
Return on assets 14.61% (46.08%) (49.22%)
Return on invested capital 29.70% 0.00% 0.00%

Growth

Metric HRMY VRDN Biotechnology median
Revenue growth (TTM) 24.25% 23,220.33% 5.64%
EPS growth (last fiscal year) 7.97% (8.14%) —
Revenue growth, 5-year CAGR 40.30% 132.18% 8.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric HRMY VRDN Biotechnology median
Debt to equity 0.15 0.37 0.00
Current ratio 3.48 16.95 4.73
Net debt to EBITDA (2.63) 2.23 0.96

Dividend

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

Size

Metric HRMY VRDN Biotechnology median
Market cap 2.40b 2.36b 162.10m

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