Puma Biotechnology, Inc. (PBYI) vs Tectonic Therapeutic, Inc. (TECX)

Puma Biotechnology, Inc. and Tectonic Therapeutic, Inc. are both Biotechnology companies. Puma Biotechnology, Inc. and Tectonic Therapeutic, Inc. are of similar size ($506.9M and $471.5M). Tectonic Therapeutic, Inc. has negative trailing earnings, so its P/E is not meaningful; Puma Biotechnology, Inc. trades at 18.1×. Puma Biotechnology, Inc. has the higher net margin (11.6% vs 0.00%) and the higher return on invested capital (42.6% vs 0.00%). Across the 13 metrics below, Puma Biotechnology, Inc. leads on 10 and Tectonic Therapeutic, Inc. on 3.

Valuation

Metric PBYI TECX Biotechnology median
P/E 18.11 n/m 7.88
P/S 2.15 n/m 11.47
P/B 3.60 2.01 2.52
Price to free cash flow 17.43 n/m 21.16
EV/EBITDA 10.42 n/m 0.74
EV/Sales 1.84 n/m 10.73
Earnings yield 5.52% (19.31%) (28.84%)
Free cash flow yield 5.74% (16.13%) (23.03%)

Profitability

Metric PBYI TECX Biotechnology median
Gross margin 74.83% 0.00% 65.16%
Operating margin 13.16% 0.00% 0.00%
Net margin 11.55% 0.00% 0.00%
Free cash flow margin 17.79% 0.00% 0.00%
Return on equity 21.97% (33.80%) (57.72%)
Return on assets 13.78% (32.23%) (49.22%)
Return on invested capital 42.61% 0.00% 0.00%

Growth

Metric PBYI TECX Biotechnology median
Revenue growth (TTM) (2.86%) — 5.64%
EPS growth (last fiscal year) (1.61%) 40.70% —
Revenue growth, 5-year CAGR 0.29% — 8.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PBYI TECX Biotechnology median
Debt to equity 0.00 0.00 0.00
Current ratio 2.91 22.29 4.73
Net debt to EBITDA (1.60) 3.08 0.96

Dividend

Metric PBYI TECX Biotechnology median
Dividend yield — — 2.10%
Payout ratio 0.00 0.00 0.00

Size

Metric PBYI TECX Biotechnology median
Market cap 506.91m 471.53m 162.10m

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