Relay Therapeutics, Inc. (RLAY) vs Tarsus Pharmaceuticals, Inc. (TARS)

Relay Therapeutics, Inc. and Tarsus Pharmaceuticals, Inc. are both Biotechnology companies. Relay Therapeutics, Inc. and Tarsus Pharmaceuticals, Inc. are of similar size ($3.8B and $3.5B). Tarsus Pharmaceuticals, Inc. grew revenue faster over the last twelve months: 105.2% against −74.3%. Tarsus Pharmaceuticals, Inc. has the higher net margin (−7.67% vs −2,594.2%) and the higher return on invested capital (0.00% vs 0.00%). Across the 16 metrics below, Tarsus Pharmaceuticals, Inc. leads on 11 and Relay Therapeutics, Inc. on 5.

Valuation

Metric RLAY TARS Biotechnology median
P/E n/m n/m 8.50
P/S 299.51 4.87 9.71
P/B 3.71 8.52 2.13
Price to free cash flow n/m 62.84 20.82
EV/EBITDA n/m n/m 0.64
EV/Sales 216.89 4.25 9.21
Earnings yield (9.64%) (1.60%) (33.15%)
Free cash flow yield (6.44%) 1.59% (25.50%)

Profitability

Metric RLAY TARS Biotechnology median
Gross margin 100.00% 93.28% 65.16%
Operating margin (2,815.49%) (8.00%) 0.00%
Net margin (2,594.20%) (7.67%) 0.00%
Free cash flow margin (1,924.59%) 9.24% 0.00%
Return on equity (36.77%) (13.68%) (56.36%)
Return on assets (33.72%) (8.40%) (48.04%)
Return on invested capital 0.00% 0.00% 0.00%

Growth

Metric RLAY TARS Biotechnology median
Revenue growth (TTM) (74.29%) 105.17% 6.02%
EPS growth (last fiscal year) 31.78% 48.21% 30.26%
Revenue growth, 5-year CAGR (28.58%) — 9.41%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric RLAY TARS Biotechnology median
Debt to equity 0.00 0.21 0.00
Current ratio 18.27 3.20 4.72
Net debt to EBITDA 1.84 4.66 0.96

Dividend

Metric RLAY TARS Biotechnology median
Dividend yield — — 0.09%
Payout ratio — — —

Size

Metric RLAY TARS Biotechnology median
Market cap 3.79b 3.50b 135.18m

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