Biotechnology
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Side-by-side financial analysisStock Comparison
IVVD vs MNKD
Revenue, margins, valuation, and 5-year total return — side by side.
Biotechnology
IVVD vs MNKD — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Biotechnology | Biotechnology |
| Market Cap | $102M | $1.13B |
| Revenue (TTM) | $56M | $361M |
| Net Income (TTM) | $-78M | $-24M |
| Gross Margin | 92.0% | 76.0% |
| Operating Margin | -146.4% | 3.7% |
| Forward P/E | — | 183.0x |
| Total Debt | $2M | $473M |
| Cash & Equiv. | $227M | $75M |
IVVD vs MNKD — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Aug 21 | Jun 26 | Return |
|---|---|---|---|
| Invivyd, Inc. (IVVD) | 100 | 2.3 | -97.7% |
| MannKind Corporation (MNKD) | 100 | 76.3 | -23.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: IVVD vs MNKD
Each card shows where this stock fits in a portfolio — not just who wins on paper.
IVVD is the clearest fit if your priority is growth exposure.
- Rev growth 110.5%, EPS growth 79.0%
- 110.5% revenue growth vs MNKD's 22.2%
MNKD carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- beta 1.10
- -28.9% 10Y total return vs IVVD's -96.3%
- Lower volatility, beta 1.10, current ratio 1.70x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 110.5% revenue growth vs MNKD's 22.2% | |
| Quality / Margins | -6.6% margin vs IVVD's -138.9% | |
| Stability / Safety | Beta 1.10 vs IVVD's 2.03 | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | -4.4% vs IVVD's -9.1% | |
| Efficiency (ROA) | -3.9% ROA vs IVVD's -41.6%, ROIC 21.6% vs -494.9% |
IVVD vs MNKD — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
IVVD vs MNKD — 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 — IVVD and MNKD each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
MNKD is the larger business by revenue, generating $361M annually — 6.5x IVVD's $56M. MNKD is the more profitable business, keeping -6.6% of every revenue dollar as net income compared to IVVD's -138.9%. On growth, IVVD holds the edge at +21.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $56M | $361M |
| EBITDAEarnings before interest/tax | -$80M | $30M |
| Net IncomeAfter-tax profit | -$78M | -$24M |
| Free Cash FlowCash after capex | -$79M | $13M |
| Gross MarginGross profit ÷ Revenue | +92.0% | +76.0% |
| Operating MarginEBIT ÷ Revenue | -146.4% | +3.7% |
| Net MarginNet income ÷ Revenue | -138.9% | -6.6% |
| FCF MarginFCF ÷ Revenue | -142.2% | +3.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +21.6% | +15.1% |
| EPS Growth (YoY)Latest quarter vs prior year | +7.1% | -2.3% |
Valuation Metrics
IVVD leads this category, winning 2 of 2 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $102M | $1.1B |
| Enterprise ValueMkt cap + debt − cash | -$122M | $1.5B |
| Trailing P/EPrice ÷ TTM EPS | -2.57x | 183.00x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | 29.94x |
| Price / SalesMarket cap ÷ Revenue | 1.91x | 3.24x |
| Price / BookPrice ÷ Book value/share | 0.55x | — |
| Price / FCFMarket cap ÷ FCF | — | 82.60x |
Profitability & Efficiency
MNKD leads this category, winning 4 of 6 comparable metrics.
Profitability & Efficiency
On the Piotroski fundamental quality scale (0–9), MNKD scores 4/9 vs IVVD's 3/9, reflecting mixed financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -53.5% | — |
| ROA (TTM)Return on assets | -41.6% | -3.9% |
| ROICReturn on invested capital | -4.9% | +21.6% |
| ROCEReturn on capital employed | -35.8% | +8.3% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 4 |
| Debt / EquityFinancial leverage | 0.01x | — |
| Net DebtTotal debt minus cash | -$224M | $399M |
| Cash & Equiv.Liquid assets | $227M | $75M |
| Total DebtShort + long-term debt | $2M | $473M |
| Interest CoverageEBIT ÷ Interest expense | — | 0.29x |
Total Returns (Dividends Reinvested)
MNKD leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in MNKD five years ago would be worth $8,862 today (with dividends reinvested), compared to $369 for IVVD. Over the past 12 months, MNKD leads with a -4.4% total return vs IVVD's -9.1%. The 3-year compound annual growth rate (CAGR) favors MNKD at -4.0% vs IVVD's -16.0% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -69.2% | -34.6% |
| 1-Year ReturnPast 12 months | -9.1% | -4.4% |
| 3-Year ReturnCumulative with dividends | -40.8% | -11.6% |
| 5-Year ReturnCumulative with dividends | -96.3% | -11.4% |
| 10-Year ReturnCumulative with dividends | -96.3% | -28.9% |
| CAGR (3Y)Annualised 3-year return | -16.0% | -4.0% |
Risk & Volatility
MNKD leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
MNKD is the less volatile stock with a 1.10 beta — it tends to amplify market swings less than IVVD's 2.03 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MNKD currently trades 56.2% from its 52-week high vs IVVD's 25.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.03x | 1.10x |
| 52-Week HighHighest price in past year | $3.07 | $6.51 |
| 52-Week LowLowest price in past year | $0.48 | $2.23 |
| % of 52W HighCurrent price vs 52-week peak | +25.1% | +56.2% |
| RSI (14)Momentum oscillator 0–100 | 26.0 | 63.7 |
| Avg Volume (50D)Average daily shares traded | 3.2M | 5.3M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates IVVD as "Buy" and MNKD as "Buy". Consensus price targets imply 1133.8% upside for IVVD (target: $10) vs 132.2% for MNKD (target: $9).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $9.50 | $8.50 |
| # AnalystsCovering analysts | 7 | 19 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
MNKD leads in 3 of 6 categories (Profitability & Efficiency, Total Returns). IVVD leads in 1 (Valuation Metrics). 1 tied.
IVVD vs MNKD: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is IVVD or MNKD a better buy right now?
For growth investors, Invivyd, Inc.
(IVVD) is the stronger pick with 110. 5% revenue growth year-over-year, versus 22. 2% for MannKind Corporation (MNKD). MannKind Corporation (MNKD) offers the better valuation at 183. 0x trailing P/E, making it the more compelling value choice. Analysts rate Invivyd, Inc. (IVVD) a "Buy" — based on 7 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 — IVVD or MNKD?
Over the past 5 years, MannKind Corporation (MNKD) delivered a total return of -11.
4%, compared to -96. 3% for Invivyd, Inc. (IVVD). Over 10 years, the gap is even starker: MNKD returned -28. 9% versus IVVD's -96. 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 — IVVD or MNKD?
By beta (market sensitivity over 5 years), MannKind Corporation (MNKD) is the lower-risk stock at 1.
10β versus Invivyd, Inc. 's 2. 03β — meaning IVVD is approximately 85% more volatile than MNKD relative to the S&P 500.
04Which is growing faster — IVVD or MNKD?
By revenue growth (latest reported year), Invivyd, Inc.
(IVVD) is pulling ahead at 110. 5% versus 22. 2% for MannKind Corporation (MNKD). On earnings-per-share growth, the picture is similar: Invivyd, Inc. grew EPS 79. 0% year-over-year, compared to -79. 4% for MannKind Corporation. 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 — IVVD or MNKD?
MannKind Corporation (MNKD) is the more profitable company, earning 1.
7% net margin versus -98. 2% for Invivyd, Inc. — meaning it keeps 1. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MNKD leads at 11. 1% versus -104. 0% for IVVD. At the gross margin level — before operating expenses — IVVD leads at 93. 0%, 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 — IVVD or MNKD?
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 IVVD or MNKD better for a retirement portfolio?
For long-horizon retirement investors, MannKind Corporation (MNKD) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.
10)). Invivyd, Inc. (IVVD) carries a higher beta of 2. 03 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (MNKD: -28. 9%, IVVD: -96. 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 IVVD and MNKD?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
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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