Moderna, Inc. (MRNA) vs Regeneron Pharmaceuticals, Inc. (REGN)

Moderna, Inc. and Regeneron Pharmaceuticals, Inc. are both Biotechnology companies. Moderna, Inc. is the larger, with a market value of $94.4B against $82.0B — 1.2× the size. Moderna, Inc. has negative trailing earnings, so its P/E is not meaningful; Regeneron Pharmaceuticals, Inc. trades at 18.9×. Regeneron Pharmaceuticals, Inc. grew revenue faster over the last twelve months: 9.29% against −27.6%. Regeneron Pharmaceuticals, Inc. has the higher net margin (27.9% vs −141.4%) and the higher return on invested capital (9.34% vs −93.5%). Across the 19 metrics below, Regeneron Pharmaceuticals, Inc. leads on 17 and Moderna, Inc. on 2.

Valuation

Metric MRNA REGN Biotechnology median
P/E n/m 18.87 8.50
P/S 38.94 5.23 9.71
P/B 12.83 2.56 2.13
Price to free cash flow n/m 22.74 20.82
EV/EBITDA n/m 17.56 0.64
EV/Sales 36.91 4.94 9.21
Earnings yield (3.66%) 5.30% (33.15%)
Free cash flow yield (1.43%) 4.40% (25.50%)

Profitability

Metric MRNA REGN Biotechnology median
Gross margin 23.38% 84.86% 65.16%
Operating margin (149.01%) 24.74% 0.00%
Net margin (141.43%) 27.86% 0.00%
Free cash flow margin (55.83%) 23.01% 0.00%
Return on equity (39.00%) 14.04% (56.36%)
Return on assets (27.43%) 10.83% (48.04%)
Return on invested capital (93.47%) 9.34% 0.00%

Growth

Metric MRNA REGN Biotechnology median
Revenue growth (TTM) (27.62%) 9.29% 6.02%
EPS growth (last fiscal year) 21.77% 8.19% 30.26%
Revenue growth, 5-year CAGR 19.34% 11.04% 9.41%
Net income growth, 5-year CAGR 0.00% 5.10% 0.00%

Health

Metric MRNA REGN Biotechnology median
Debt to equity 0.09 0.06 0.00
Current ratio 2.29 3.34 4.72
Net debt to EBITDA 1.77 (1.43) 0.96

Dividend

Metric MRNA REGN Biotechnology median
Dividend yield — 0.47% 0.09%
Payout ratio — 0.09 —

Size

Metric MRNA REGN Biotechnology median
Market cap 94.42b 81.99b 135.18m

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