NeoGenomics, Inc. (NEO) vs GeneDx Holdings Corp. (WGS)

NeoGenomics, Inc. and GeneDx Holdings Corp. are both Diagnostics & Research companies. NeoGenomics, Inc. and GeneDx Holdings Corp. are of similar size ($2.6B and $2.5B). GeneDx Holdings Corp. grew revenue faster over the last twelve months: 25.4% against 11.2%. NeoGenomics, Inc. has the higher net margin (−6.77% vs −23.4%) and the higher return on invested capital (−4.20% vs −27.7%). Across the 18 metrics below, NeoGenomics, Inc. leads on 12 and GeneDx Holdings Corp. on 6.

Valuation

Metric NEO WGS Diagnostics & Research median
P/E n/m n/m 33.95
P/S 3.27 5.78 4.87
P/B 3.19 10.75 3.12
Price to free cash flow n/m n/m 34.02
EV/EBITDA n/m n/m 25.20
EV/Sales 3.84 5.70 5.66
Earnings yield (2.07%) (4.12%) (1.75%)
Free cash flow yield (0.21%) (2.89%) (0.13%)

Profitability

Metric NEO WGS Diagnostics & Research median
Gross margin 43.92% 69.37% 50.89%
Operating margin (8.93%) (20.34%) (8.57%)
Net margin (6.77%) (23.40%) (6.37%)
Free cash flow margin (0.69%) (16.68%) 0.00%
Return on equity (6.33%) (40.80%) (2.92%)
Return on assets (3.78%) (22.50%) (6.71%)
Return on invested capital (4.20%) (27.70%) 0.00%

Growth

Metric NEO WGS Diagnostics & Research median
Revenue growth (TTM) 11.19% 25.42% 7.69%
EPS growth (last fiscal year) (35.48%) 62.37% —
Revenue growth, 5-year CAGR 10.35% 18.98% 7.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric NEO WGS Diagnostics & Research median
Debt to equity 0.48 0.40 0.11
Current ratio 3.60 3.30 2.02
Net debt to EBITDA (3.96) (10.13) 0.78

Dividend

Metric NEO WGS Diagnostics & Research median
Dividend yield — — 0.70%
Payout ratio 0.00 0.00 0.00

Size

Metric NEO WGS Diagnostics & Research median
Market cap 2.50b 2.61b 2.56b

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