Biotechnology
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BMRN vs IONS
Revenue, margins, valuation, and 5-year total return — side by side.
Biotechnology
BMRN vs IONS — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Biotechnology | Biotechnology |
| Market Cap | $10.24B | $12.44B |
| Revenue (TTM) | $3.24B | $1.06B |
| Net Income (TTM) | $269M | $-327M |
| Gross Margin | 75.9% | 98.3% |
| Operating Margin | 13.8% | -33.3% |
| Forward P/E | 12.4x | — |
| Total Debt | $643M | $2.61B |
| Cash & Equiv. | $1.31B | $372M |
BMRN vs IONS — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| BioMarin Pharmaceut… (BMRN) | 100 | 51.2 | -48.8% |
| Ionis Pharmaceutica… (IONS) | 100 | 136.7 | +36.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BMRN vs IONS
Each card shows where this stock fits in a portfolio — not just who wins on paper.
BMRN is the clearest fit if your priority is sleep-well-at-night.
- Lower volatility, beta 0.65, Low D/E 10.6%, current ratio 5.21x
- 8.3% margin vs IONS's -30.9%
- 3.4% ROA vs IONS's -10.1%, ROIC 7.4% vs -12.8%
IONS carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- beta 0.55
- Rev growth 33.9%, EPS growth 21.7%, 3Y rev CAGR 17.1%
- 115.6% 10Y total return vs BMRN's -34.1%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 33.9% revenue growth vs BMRN's 12.9% | |
| Quality / Margins | 8.3% margin vs IONS's -30.9% | |
| Stability / Safety | Beta 0.55 vs BMRN's 0.65 | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +123.6% vs BMRN's -14.2% | |
| Efficiency (ROA) | 3.4% ROA vs IONS's -10.1%, ROIC 7.4% vs -12.8% |
BMRN vs IONS — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
BMRN vs IONS — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — BMRN and IONS each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BMRN is the larger business by revenue, generating $3.2B annually — 3.1x IONS's $1.1B. BMRN is the more profitable business, keeping 8.3% of every revenue dollar as net income compared to IONS's -30.9%. On growth, IONS holds the edge at +87.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $3.2B | $1.1B |
| EBITDAEarnings before interest/tax | $521M | $4.5B |
| Net IncomeAfter-tax profit | $269M | -$327M |
| Free Cash FlowCash after capex | $767M | -$971M |
| Gross MarginGross profit ÷ Revenue | +75.9% | +98.3% |
| Operating MarginEBIT ÷ Revenue | +13.8% | -33.3% |
| Net MarginNet income ÷ Revenue | +8.3% | -30.9% |
| FCF MarginFCF ÷ Revenue | +23.7% | -91.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.8% | +87.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -43.2% | +39.8% |
Valuation Metrics
BMRN leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $10.2B | $12.4B |
| Enterprise ValueMkt cap + debt − cash | $9.6B | $14.7B |
| Trailing P/EPrice ÷ TTM EPS | 29.58x | -31.62x |
| Forward P/EPrice ÷ next-FY EPS est. | 12.40x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 15.61x | — |
| Price / SalesMarket cap ÷ Revenue | 3.18x | 13.17x |
| Price / BookPrice ÷ Book value/share | 1.73x | 24.62x |
| Price / FCFMarket cap ÷ FCF | 14.12x | — |
Profitability & Efficiency
BMRN leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
BMRN delivers a 4.4% return on equity — every $100 of shareholder capital generates $4 in annual profit, vs $-59 for IONS. BMRN carries lower financial leverage with a 0.11x debt-to-equity ratio, signaling a more conservative balance sheet compared to IONS's 5.35x. On the Piotroski fundamental quality scale (0–9), BMRN scores 5/9 vs IONS's 3/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +4.4% | -58.6% |
| ROA (TTM)Return on assets | +3.4% | -10.1% |
| ROICReturn on invested capital | +7.4% | -12.8% |
| ROCEReturn on capital employed | +8.1% | -14.1% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 3 |
| Debt / EquityFinancial leverage | 0.11x | 5.35x |
| Net DebtTotal debt minus cash | -$669M | $2.2B |
| Cash & Equiv.Liquid assets | $1.3B | $372M |
| Total DebtShort + long-term debt | $643M | $2.6B |
| Interest CoverageEBIT ÷ Interest expense | 16.96x | -3.64x |
Total Returns (Dividends Reinvested)
IONS leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in IONS five years ago would be worth $18,864 today (with dividends reinvested), compared to $6,854 for BMRN. Over the past 12 months, IONS leads with a +123.6% total return vs BMRN's -14.2%. The 3-year compound annual growth rate (CAGR) favors IONS at 27.6% vs BMRN's -18.0% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -10.4% | -5.5% |
| 1-Year ReturnPast 12 months | -14.2% | +123.6% |
| 3-Year ReturnCumulative with dividends | -44.9% | +107.9% |
| 5-Year ReturnCumulative with dividends | -31.5% | +88.6% |
| 10-Year ReturnCumulative with dividends | -34.1% | +115.6% |
| CAGR (3Y)Annualised 3-year return | -18.0% | +27.6% |
Risk & Volatility
IONS leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
IONS is the less volatile stock with a 0.55 beta — it tends to amplify market swings less than BMRN's 0.65 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. IONS currently trades 86.8% from its 52-week high vs BMRN's 80.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.65x | 0.55x |
| 52-Week HighHighest price in past year | $66.28 | $86.74 |
| 52-Week LowLowest price in past year | $50.76 | $31.66 |
| % of 52W HighCurrent price vs 52-week peak | +80.3% | +86.8% |
| RSI (14)Momentum oscillator 0–100 | 52.4 | 53.4 |
| Avg Volume (50D)Average daily shares traded | 1.8M | 2.1M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates BMRN as "Buy" and IONS as "Buy". Consensus price targets imply 68.4% upside for BMRN (target: $90) vs 42.6% for IONS (target: $107).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $89.64 | $107.27 |
| # AnalystsCovering analysts | 41 | 32 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
BMRN leads in 2 of 6 categories (Valuation Metrics, Profitability & Efficiency). IONS leads in 2 (Total Returns, Risk & Volatility). 1 tied.
BMRN vs IONS: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is BMRN or IONS a better buy right now?
For growth investors, Ionis Pharmaceuticals, Inc.
(IONS) is the stronger pick with 33. 9% revenue growth year-over-year, versus 12. 9% for BioMarin Pharmaceutical Inc. (BMRN). BioMarin Pharmaceutical Inc. (BMRN) offers the better valuation at 29. 6x trailing P/E (12. 4x forward), making it the more compelling value choice. Analysts rate BioMarin Pharmaceutical Inc. (BMRN) a "Buy" — based on 41 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 — BMRN or IONS?
Over the past 5 years, Ionis Pharmaceuticals, Inc.
(IONS) delivered a total return of +88. 6%, compared to -31. 5% for BioMarin Pharmaceutical Inc. (BMRN). Over 10 years, the gap is even starker: IONS returned +126. 0% versus BMRN's -34. 1%. 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 — BMRN or IONS?
By beta (market sensitivity over 5 years), Ionis Pharmaceuticals, Inc.
(IONS) is the lower-risk stock at 0. 55β versus BioMarin Pharmaceutical Inc. 's 0. 65β — meaning BMRN is approximately 19% more volatile than IONS relative to the S&P 500. On balance sheet safety, BioMarin Pharmaceutical Inc. (BMRN) carries a lower debt/equity ratio of 11% versus 5% for Ionis Pharmaceuticals, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — BMRN or IONS?
By revenue growth (latest reported year), Ionis Pharmaceuticals, Inc.
(IONS) is pulling ahead at 33. 9% versus 12. 9% for BioMarin Pharmaceutical Inc. (BMRN). On earnings-per-share growth, the picture is similar: Ionis Pharmaceuticals, Inc. grew EPS 21. 7% year-over-year, compared to -18. 6% for BioMarin Pharmaceutical Inc.. Over a 3-year CAGR, IONS leads at 17. 1% 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 — BMRN or IONS?
BioMarin Pharmaceutical Inc.
(BMRN) is the more profitable company, earning 10. 8% net margin versus -40. 4% for Ionis Pharmaceuticals, Inc. — meaning it keeps 10. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BMRN leads at 16. 6% versus -40. 5% for IONS. At the gross margin level — before operating expenses — IONS leads at 98. 3%, 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.
06Is BMRN or IONS more undervalued right now?
Analyst consensus price targets imply the most upside for BMRN: 68.
4% to $89. 64.
07Which pays a better dividend — BMRN or IONS?
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.
08Is BMRN or IONS better for a retirement portfolio?
For long-horizon retirement investors, Ionis Pharmaceuticals, Inc.
(IONS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 55), +126. 0% 10Y return). Both have compounded well over 10 years (IONS: +126. 0%, BMRN: -34. 1%), 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.
09What are the main differences between BMRN and IONS?
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: BMRN is a mid-cap quality compounder stock; IONS is a mid-cap high-growth 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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