Immunovant, Inc. (IMVT) vs Ionis Pharmaceuticals, Inc. (IONS)

Immunovant, Inc. and Ionis Pharmaceuticals, Inc. are both Biotechnology companies. Immunovant, Inc. and Ionis Pharmaceuticals, Inc. are of similar size ($7.4B and $7.1B). Immunovant, Inc. has the higher net margin (0.00% vs −64.7%) and the higher return on invested capital (0.00% vs 0.00%). Across the 13 metrics below, Immunovant, Inc. leads on 8 and Ionis Pharmaceuticals, Inc. on 5.

Valuation

Metric IMVT IONS Biotechnology median
P/E n/m n/m 7.88
P/S n/m 8.42 11.47
P/B 9.31 16.74 2.52
Price to free cash flow n/m n/m 21.16
EV/EBITDA n/m n/m 0.74
EV/Sales n/m 8.11 10.73
Earnings yield (8.47%) (7.78%) (28.84%)
Free cash flow yield (6.06%) (7.71%) (23.03%)

Profitability

Metric IMVT IONS Biotechnology median
Gross margin 0.00% 98.17% 65.16%
Operating margin 0.00% (68.00%) 0.00%
Net margin 0.00% (64.66%) 0.00%
Free cash flow margin 0.00% (64.93%) 0.00%
Return on equity (80.10%) (105.50%) (57.72%)
Return on assets (71.10%) (18.90%) (49.22%)
Return on invested capital 0.00% 0.00% 0.00%

Growth

Metric IMVT IONS Biotechnology median
Revenue growth (TTM) — (7.41%) 5.64%
EPS growth (last fiscal year) (1.47%) 21.71% —
Revenue growth, 5-year CAGR — 5.29% 8.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric IMVT IONS Biotechnology median
Debt to equity 0.00 3.07 0.00
Current ratio 7.27 7.89 4.73
Net debt to EBITDA 1.69 2.39 0.96

Dividend

Metric IMVT IONS Biotechnology median
Dividend yield — — 2.10%
Payout ratio 0.00 0.00 0.00

Size

Metric IMVT IONS Biotechnology median
Market cap 7.11b 7.39b 162.10m

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