Harrow, Inc. (HROW) vs Xeris Biopharma Holdings, Inc. (XERS)

Harrow, Inc. and Xeris Biopharma Holdings, Inc. are both Drug Manufacturers Specialty & Generic companies. Xeris Biopharma Holdings, Inc. is the larger, with a market value of $1.6B against $1.2B — 1.3× the size. Xeris Biopharma Holdings, Inc. grew revenue faster over the last twelve months: 36.3% against 21.1%. Xeris Biopharma Holdings, Inc. has the higher net margin (−5.12% vs −13.5%) and the higher return on invested capital (18.9% vs −0.77%). Across the 18 metrics below, Xeris Biopharma Holdings, Inc. leads on 16 and Harrow, Inc. on 2.

Valuation

Metric HROW XERS Drug Manufacturers Specialty & Generic median
P/E n/m n/m 20.14
P/S 4.48 4.69 2.25
P/B 83.21 n/m 1.90
Price to free cash flow n/m 28.25 16.54
EV/EBITDA 67.46 32.20 12.29
EV/Sales 5.24 5.08 2.56
Earnings yield (2.99%) (1.06%) (2.99%)
Free cash flow yield (1.06%) 3.54% 0.00%

Profitability

Metric HROW XERS Drug Manufacturers Specialty & Generic median
Gross margin 73.28% 86.58% 53.94%
Operating margin (1.00%) 10.91% 0.00%
Net margin (13.51%) (5.12%) 0.00%
Free cash flow margin (4.75%) 16.60% 0.00%
Return on equity (116.07%) 118.22% (0.40%)
Return on assets (9.77%) (4.60%) (3.32%)
Return on invested capital (0.77%) 18.88% 0.00%

Growth

Metric HROW XERS Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) 21.05% 36.33% 10.01%
EPS growth (last fiscal year) 71.43% 100.86% —
Revenue growth, 5-year CAGR 40.99% 70.20% 6.74%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric HROW XERS Drug Manufacturers Specialty & Generic median
Debt to equity 19.70 (25.95) 0.05
Current ratio 2.24 1.45 2.31
Net debt to EBITDA 3.14 2.67 0.85

Dividend

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

Size

Metric HROW XERS Drug Manufacturers Specialty & Generic median
Market cap 1.24b 1.63b 337.35m

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