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ADPT vs PACB
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Devices
ADPT vs PACB — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Biotechnology | Medical - Devices |
| Market Cap | $2.35B | $498M |
| Revenue (TTM) | $295M | $160M |
| Net Income (TTM) | $-50M | $-546M |
| Gross Margin | 75.3% | 28.2% |
| Operating Margin | -15.8% | -346.1% |
| Total Debt | $281M | $759M |
| Cash & Equiv. | $70M | $64M |
ADPT vs PACB — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Adaptive Biotechnol… (ADPT) | 100 | 38.0 | -62.0% |
| Pacific Biosciences… (PACB) | 100 | 46.9 | -53.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ADPT vs PACB
Each card shows where this stock fits in a portfolio — not just who wins on paper.
ADPT carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- beta 2.07
- Rev growth 54.8%, EPS growth 63.9%, 3Y rev CAGR 14.3%
- -63.5% 10Y total return vs PACB's -81.3%
In this particular matchup, PACB is outpaced on most metrics by others in the set.
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 54.8% revenue growth vs PACB's 3.9% | |
| Quality / Margins | -16.8% margin vs PACB's -341.5% | |
| Stability / Safety | Beta 2.07 vs PACB's 2.43, lower leverage | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +66.7% vs PACB's +46.0% | |
| Efficiency (ROA) | -9.9% ROA vs PACB's -66.8%, ROIC -12.6% vs -45.8% |
ADPT vs PACB — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
ADPT vs PACB — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
ADPT leads this category, winning 5 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
ADPT is the larger business by revenue, generating $295M annually — 1.8x PACB's $160M. Profitability is closely matched — net margins range from -16.8% (ADPT) to -3.4% (PACB). On growth, ADPT holds the edge at +35.1% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $295M | $160M |
| EBITDAEarnings before interest/tax | -$34M | -$169M |
| Net IncomeAfter-tax profit | -$50M | -$546M |
| Free Cash FlowCash after capex | -$30M | -$124M |
| Gross MarginGross profit ÷ Revenue | +75.3% | +28.2% |
| Operating MarginEBIT ÷ Revenue | -15.8% | -3.5% |
| Net MarginNet income ÷ Revenue | -16.8% | -3.4% |
| FCF MarginFCF ÷ Revenue | -10.0% | -77.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +35.1% | +13.8% |
| EPS Growth (YoY)Latest quarter vs prior year | +35.0% | — |
Valuation Metrics
ADPT leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $2.4B | $498M |
| Enterprise ValueMkt cap + debt − cash | $2.6B | $1.2B |
| Trailing P/EPrice ÷ TTM EPS | -37.67x | -0.91x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | — |
| Price / SalesMarket cap ÷ Revenue | 8.49x | 3.11x |
| Price / BookPrice ÷ Book value/share | 9.91x | 92.53x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
ADPT leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
ADPT delivers a -23.9% return on equity — every $100 of shareholder capital generates $-24 in annual profit, vs $-11 for PACB. ADPT carries lower financial leverage with a 1.25x debt-to-equity ratio, signaling a more conservative balance sheet compared to PACB's 141.98x. On the Piotroski fundamental quality scale (0–9), ADPT scores 5/9 vs PACB's 3/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -23.9% | -11.2% |
| ROA (TTM)Return on assets | -9.9% | -66.8% |
| ROICReturn on invested capital | -12.6% | -45.8% |
| ROCEReturn on capital employed | -13.2% | -58.0% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 3 |
| Debt / EquityFinancial leverage | 1.25x | 141.98x |
| Net DebtTotal debt minus cash | $210M | $696M |
| Cash & Equiv.Liquid assets | $70M | $64M |
| Total DebtShort + long-term debt | $281M | $759M |
| Interest CoverageEBIT ÷ Interest expense | -6.68x | -77.95x |
Total Returns (Dividends Reinvested)
ADPT leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in ADPT five years ago would be worth $4,198 today (with dividends reinvested), compared to $663 for PACB. Over the past 12 months, ADPT leads with a +66.7% total return vs PACB's +46.0%. The 3-year compound annual growth rate (CAGR) favors ADPT at 30.6% vs PACB's -48.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -7.7% | -10.3% |
| 1-Year ReturnPast 12 months | +66.7% | +46.0% |
| 3-Year ReturnCumulative with dividends | +122.6% | -86.5% |
| 5-Year ReturnCumulative with dividends | -58.0% | -93.4% |
| 10-Year ReturnCumulative with dividends | -63.5% | -81.3% |
| CAGR (3Y)Annualised 3-year return | +30.6% | -48.7% |
Risk & Volatility
ADPT leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
ADPT is the less volatile stock with a 2.07 beta — it tends to amplify market swings less than PACB's 2.43 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ADPT currently trades 70.8% from its 52-week high vs PACB's 60.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.07x | 2.43x |
| 52-Week HighHighest price in past year | $20.76 | $2.73 |
| 52-Week LowLowest price in past year | $8.38 | $0.85 |
| % of 52W HighCurrent price vs 52-week peak | +70.8% | +60.4% |
| RSI (14)Momentum oscillator 0–100 | 52.3 | 60.2 |
| Avg Volume (50D)Average daily shares traded | 2.0M | 5.9M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates ADPT as "Buy" and PACB as "Buy". Consensus price targets imply 44.7% upside for ADPT (target: $21) vs -39.4% for PACB (target: $1).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $21.25 | $1.00 |
| # AnalystsCovering analysts | 17 | 18 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
ADPT leads in 5 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics.
ADPT vs PACB: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is ADPT or PACB a better buy right now?
For growth investors, Adaptive Biotechnologies Corporation (ADPT) is the stronger pick with 54.
8% revenue growth year-over-year, versus 3. 9% for Pacific Biosciences of California, Inc. (PACB). Analysts rate Adaptive Biotechnologies Corporation (ADPT) a "Buy" — based on 17 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — ADPT or PACB?
Over the past 5 years, Adaptive Biotechnologies Corporation (ADPT) delivered a total return of -58.
0%, compared to -93. 4% for Pacific Biosciences of California, Inc. (PACB). Over 10 years, the gap is even starker: ADPT returned -63. 5% versus PACB's -81. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — ADPT or PACB?
By beta (market sensitivity over 5 years), Adaptive Biotechnologies Corporation (ADPT) is the lower-risk stock at 2.
07β versus Pacific Biosciences of California, Inc. 's 2. 43β — meaning PACB is approximately 17% more volatile than ADPT relative to the S&P 500. On balance sheet safety, Adaptive Biotechnologies Corporation (ADPT) carries a lower debt/equity ratio of 125% versus 142% for Pacific Biosciences of California, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — ADPT or PACB?
By revenue growth (latest reported year), Adaptive Biotechnologies Corporation (ADPT) is pulling ahead at 54.
8% versus 3. 9% for Pacific Biosciences of California, Inc. (PACB). On earnings-per-share growth, the picture is similar: Adaptive Biotechnologies Corporation grew EPS 63. 9% year-over-year, compared to -70. 1% for Pacific Biosciences of California, Inc.. Over a 3-year CAGR, ADPT leads at 14. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — ADPT or PACB?
Adaptive Biotechnologies Corporation (ADPT) is the more profitable company, earning -21.
5% net margin versus -341. 5% for Pacific Biosciences of California, Inc. — meaning it keeps -21. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ADPT leads at -20. 6% versus -348. 5% for PACB. At the gross margin level — before operating expenses — ADPT leads at 74. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — ADPT or PACB?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
07Is ADPT or PACB better for a retirement portfolio?
For long-horizon retirement investors, Adaptive Biotechnologies Corporation (ADPT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding.
Pacific Biosciences of California, Inc. (PACB) carries a higher beta of 2. 43 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (ADPT: -63. 5%, PACB: -81. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between ADPT and PACB?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: ADPT is a small-cap high-growth stock; PACB is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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