Insmed, Inc. (INSM) vs Moderna, Inc. (MRNA)

Insmed, Inc. and Moderna, Inc. are both Biotechnology companies. Moderna, Inc. is the larger, with a market value of $78.8B against $26.8B — 2.9× the size. Insmed, Inc. grew revenue faster over the last twelve months: 185.8% against −27.6%. Insmed, Inc. has the higher net margin (−76.9% vs −141.4%) and the lower return on invested capital (−329.2% vs −93.5%). Across the 18 metrics below, Insmed, Inc. leads on 10 and Moderna, Inc. on 8.

Valuation

Metric INSM MRNA Biotechnology median
P/E n/m n/m 7.88
P/S 22.51 35.53 11.47
P/B 33.81 11.71 2.52
Price to free cash flow n/m n/m 21.16
EV/EBITDA n/m n/m 0.74
EV/Sales 22.18 33.49 10.73
Earnings yield (3.49%) (4.02%) (28.84%)
Free cash flow yield (3.15%) (1.57%) (23.03%)

Profitability

Metric INSM MRNA Biotechnology median
Gross margin 83.46% 23.38% 65.16%
Operating margin (73.89%) (149.01%) 0.00%
Net margin (76.94%) (141.43%) 0.00%
Free cash flow margin (71.00%) (55.83%) 0.00%
Return on equity (87.22%) (39.00%) (57.72%)
Return on assets (38.20%) (27.43%) (49.22%)
Return on invested capital (329.22%) (93.47%) 0.00%

Growth

Metric INSM MRNA Biotechnology median
Revenue growth (TTM) 185.76% (27.62%) 5.64%
EPS growth (last fiscal year) (15.26%) 21.77% —
Revenue growth, 5-year CAGR 29.83% 19.34% 8.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric INSM MRNA Biotechnology median
Debt to equity 0.74 0.09 0.00
Current ratio 3.72 2.29 4.73
Net debt to EBITDA 0.71 1.77 0.96

Dividend

Metric INSM MRNA Biotechnology median
Dividend yield — — 2.10%
Payout ratio 0.00 0.00 0.00

Size

Metric INSM MRNA Biotechnology median
Market cap 26.84b 78.77b 162.10m

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