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Stock Comparison

ABVX vs ARRY vs SHLS vs PTGX

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
ABVX
Abivax S.A.

Biotechnology

HealthcareNASDAQ • FR
Market Cap$6.61B
5Y Perf.+949.5%
ARRY
Array Technologies, Inc.

Solar

EnergyNASDAQ • US
Market Cap$1.15B
5Y Perf.-47.6%
SHLS
Shoals Technologies Group, Inc.

Solar

EnergyNASDAQ • US
Market Cap$1.66B
5Y Perf.-32.1%
PTGX
Protagonist Therapeutics, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$7.06B
5Y Perf.+584.7%

ABVX vs ARRY vs SHLS vs PTGX — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
ABVX logoABVX
ARRY logoARRY
SHLS logoSHLS
PTGX logoPTGX
IndustryBiotechnologySolarSolarBiotechnology
Market Cap$6.61B$1.15B$1.66B$7.06B
Revenue (TTM)$0.00$1.21B$536M$18M
Net Income (TTM)$-427M$-67M$34M$-115M
Gross Margin23.0%33.5%100.0%
Operating Margin4.5%11.2%-8.1%
Forward P/E10.2x24.0x27.2x
Total Debt$32M$766M$175M$10M
Cash & Equiv.$516M$244M$7M$128M

ABVX vs ARRY vs SHLS vs PTGXLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

ABVX
ARRY
SHLS
PTGX
StockOct 23Jun 26Return
Abivax S.A. (ABVX)1001049.5+949.5%
Array Technologies,… (ARRY)10052.4-47.6%
Shoals Technologies… (SHLS)10067.9-32.1%
Protagonist Therape… (PTGX)100684.7+584.7%

Price return only. Dividends and distributions are not included.

Quick Verdict: ABVX vs ARRY vs SHLS vs PTGX

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: ARRY and SHLS are tied at the top with 2 categories each — the right choice depends on your priorities. Shoals Technologies Group, Inc. is the stronger pick specifically for profitability and margin quality and operational efficiency and capital deployment. ABVX and PTGX also each lead in at least one category. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
ABVX
Abivax S.A.
The Long-Run Compounder

ABVX is the clearest fit if your priority is long-term compounding.

  • 11.2% 10Y total return vs PTGX's 8.4%
  • +12.6% vs ARRY's -4.1%
Best for: long-term compounding
ARRY
Array Technologies, Inc.
The Growth Play

ARRY has the current edge in this matchup, primarily because of its strength in growth exposure.

  • Rev growth 40.2%, EPS growth 62.6%, 3Y rev CAGR -7.8%
  • 40.2% revenue growth vs ABVX's -100.0%
  • Lower P/E (10.2x vs 27.2x)
Best for: growth exposure
SHLS
Shoals Technologies Group, Inc.
The Income Pick

SHLS is the #2 pick in this set and the best alternative if income & stability is your priority.

  • Dividend streak 3 yrs, beta 2.51
  • 6.3% margin vs PTGX's -6.5%
  • 3.7% ROA vs ABVX's -143.2%
Best for: income & stability
PTGX
Protagonist Therapeutics, Inc.
The Defensive Pick

PTGX is the clearest fit if your priority is sleep-well-at-night and defensive.

  • Lower volatility, beta 0.25, Low D/E 1.7%, current ratio 12.71x
  • Beta 0.25, current ratio 12.71x
  • Beta 0.25 vs SHLS's 2.51, lower leverage
Best for: sleep-well-at-night and defensive
See the full category breakdown
CategoryWinnerWhy
GrowthARRY logoARRY40.2% revenue growth vs ABVX's -100.0%
ValueARRY logoARRYLower P/E (10.2x vs 27.2x)
Quality / MarginsSHLS logoSHLS6.3% margin vs PTGX's -6.5%
Stability / SafetyPTGX logoPTGXBeta 0.25 vs SHLS's 2.51, lower leverage
DividendsTieNone of these 4 stocks pay a meaningful dividend
Momentum (1Y)ABVX logoABVX+12.6% vs ARRY's -4.1%
Efficiency (ROA)SHLS logoSHLS3.7% ROA vs ABVX's -143.2%

ABVX vs ARRY vs SHLS vs PTGX — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

Discover the Renewable Energy Stocks Theme

These companies are key players in the Renewable Energy Stocks ecosystem. See how they stack up against the rest of the sector.

Explore Theme
ABVXAbivax S.A.

Segment breakdown not available.

ARRYArray Technologies, Inc.

Segment breakdown not available.

SHLSShoals Technologies Group, Inc.
FY 2025
System Solutions
78.7%$374M
Components
21.3%$101M
PTGXProtagonist Therapeutics, Inc.
FY 2024
Development Services
100.0%$15M

ABVX vs ARRY vs SHLS vs PTGX — Financial Metrics

Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLSHLSLAGGINGPTGX

Income & Cash Flow (Last 12 Months)

SHLS leads this category, winning 3 of 6 comparable metrics.

ARRY and ABVX operate at a comparable scale, with $1.2B and $0 in trailing revenue. SHLS is the more profitable business, keeping 6.3% of every revenue dollar as net income compared to PTGX's -6.5%. On growth, SHLS holds the edge at +74.9% YoY revenue growth, suggesting stronger near-term business momentum.

MetricABVX logoABVXAbivax S.A.ARRY logoARRYArray Technologie…SHLS logoSHLSShoals Technologi…PTGX logoPTGXProtagonist Thera…
RevenueTrailing 12 months$0$1.2B$536M$18M
EBITDAEarnings before interest/tax-$327M$95M$73M-$141M
Net IncomeAfter-tax profit-$427M-$67M$34M-$115M
Free Cash FlowCash after capex-$250M$58M-$77M-$116M
Gross MarginGross profit ÷ Revenue+23.0%+33.5%+100.0%
Operating MarginEBIT ÷ Revenue+4.5%+11.2%-8.1%
Net MarginNet income ÷ Revenue-5.6%+6.3%-6.5%
FCF MarginFCF ÷ Revenue+4.8%-14.5%-6.6%
Rev. Growth (YoY)Latest quarter vs prior year-26.1%+74.9%-100.0%
EPS Growth (YoY)Latest quarter vs prior year-40.0%-7.0%+126.3%
SHLS leads this category, winning 3 of 6 comparable metrics.

Valuation Metrics

ARRY leads this category, winning 4 of 6 comparable metrics.

On an enterprise value basis, ARRY's 12.7x EV/EBITDA is more attractive than SHLS's 28.1x.

MetricABVX logoABVXAbivax S.A.ARRY logoARRYArray Technologie…SHLS logoSHLSShoals Technologi…PTGX logoPTGXProtagonist Thera…
Market CapShares × price$6.6B$1.1B$1.7B$7.1B
Enterprise ValueMkt cap + debt − cash$6.1B$1.7B$1.8B$6.9B
Trailing P/EPrice ÷ TTM EPS-18.79x-10.21x49.45x-53.56x
Forward P/EPrice ÷ next-FY EPS est.10.24x24.03x27.22x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple12.67x28.12x
Price / SalesMarket cap ÷ Revenue0.89x3.49x153.44x
Price / BookPrice ÷ Book value/share13.35x4.36x2.78x11.35x
Price / FCFMarket cap ÷ FCF14.36x125.90x
ARRY leads this category, winning 4 of 6 comparable metrics.

Profitability & Efficiency

SHLS leads this category, winning 4 of 9 comparable metrics.

SHLS delivers a 5.7% return on equity — every $100 of shareholder capital generates $6 in annual profit, vs $-3 for ABVX. PTGX carries lower financial leverage with a 0.02x debt-to-equity ratio, signaling a more conservative balance sheet compared to ARRY's 2.94x. On the Piotroski fundamental quality scale (0–9), ARRY scores 5/9 vs ABVX's 3/9, reflecting solid financial health.

MetricABVX logoABVXAbivax S.A.ARRY logoARRYArray Technologie…SHLS logoSHLSShoals Technologi…PTGX logoPTGXProtagonist Thera…
ROE (TTM)Return on equity-3.0%-20.6%+5.7%-17.8%
ROA (TTM)Return on assets-143.2%-4.4%+3.7%-16.5%
ROICReturn on invested capital+9.0%+5.9%-21.8%
ROCEReturn on capital employed-77.7%+8.2%+7.6%-23.9%
Piotroski ScoreFundamental quality 0–93554
Debt / EquityFinancial leverage0.07x2.94x0.29x0.02x
Net DebtTotal debt minus cash-$484M$522M$168M-$118M
Cash & Equiv.Liquid assets$516M$244M$7M$128M
Total DebtShort + long-term debt$32M$766M$175M$10M
Interest CoverageEBIT ÷ Interest expense-14.16x-2.42x5.91x
SHLS leads this category, winning 4 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

ABVX leads this category, winning 5 of 6 comparable metrics.

A $10,000 investment in ABVX five years ago would be worth $121,530 today (with dividends reinvested), compared to $3,228 for SHLS. Over the past 12 months, ABVX leads with a +1259.4% total return vs ARRY's -4.1%. The 3-year compound annual growth rate (CAGR) favors ABVX at 129.9% vs ARRY's -30.8% — a key indicator of consistent wealth creation.

MetricABVX logoABVXAbivax S.A.ARRY logoARRYArray Technologie…SHLS logoSHLSShoals Technologi…PTGX logoPTGXProtagonist Thera…
YTD ReturnYear-to-date-24.6%-23.0%+8.8%+25.9%
1-Year ReturnPast 12 months+1259.4%-4.1%+94.3%+98.4%
3-Year ReturnCumulative with dividends+1115.3%-66.8%-61.7%+278.8%
5-Year ReturnCumulative with dividends+1115.3%-53.9%-67.7%+177.0%
10-Year ReturnCumulative with dividends+1115.3%-79.6%-68.1%+838.4%
CAGR (3Y)Annualised 3-year return+129.9%-30.8%-27.4%+55.9%
ABVX leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

PTGX leads this category, winning 2 of 2 comparable metrics.

PTGX is the less volatile stock with a 0.25 beta — it tends to amplify market swings less than SHLS's 2.51 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PTGX currently trades 98.5% from its 52-week high vs ARRY's 60.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricABVX logoABVXAbivax S.A.ARRY logoARRYArray Technologie…SHLS logoSHLSShoals Technologi…PTGX logoPTGXProtagonist Thera…
Beta (5Y)Sensitivity to S&P 5001.02x2.34x2.51x0.25x
52-Week HighHighest price in past year$148.83$12.23$13.18$111.45
52-Week LowLowest price in past year$5.69$5.39$3.99$49.38
% of 52W HighCurrent price vs 52-week peak+67.8%+60.9%+75.0%+98.5%
RSI (14)Momentum oscillator 0–10041.934.943.057.4
Avg Volume (50D)Average daily shares traded1.5M5.2M5.6M572K
PTGX leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

SHLS leads this category, winning 1 of 1 comparable metric.

Analyst consensus: ABVX as "Buy", ARRY as "Buy", SHLS as "Buy", PTGX as "Buy". Consensus price targets imply 31.5% upside for ARRY (target: $10) vs -11.5% for SHLS (target: $9).

MetricABVX logoABVXAbivax S.A.ARRY logoARRYArray Technologie…SHLS logoSHLSShoals Technologi…PTGX logoPTGXProtagonist Thera…
Analyst RatingConsensus buy/hold/sellBuyBuyBuyBuy
Price TargetConsensus 12-month target$131.22$9.80$8.75$115.40
# AnalystsCovering analysts12282326
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises13
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%+0.0%0.0%
SHLS leads this category, winning 1 of 1 comparable metric.
Key Takeaway

SHLS leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). ARRY leads in 1 (Valuation Metrics).

Best OverallShoals Technologies Group, … (SHLS)Leads 3 of 6 categories
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ABVX vs ARRY vs SHLS vs PTGX: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is ABVX or ARRY or SHLS or PTGX a better buy right now?

For growth investors, Array Technologies, Inc.

(ARRY) is the stronger pick with 40. 2% revenue growth year-over-year, versus -89. 4% for Protagonist Therapeutics, Inc. (PTGX). Shoals Technologies Group, Inc. (SHLS) offers the better valuation at 49. 5x trailing P/E (24. 0x forward), making it the more compelling value choice. Analysts rate Abivax S. A. (ABVX) a "Buy" — based on 12 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.

02

Which has the better valuation — ABVX or ARRY or SHLS or PTGX?

On forward P/E, Array Technologies, Inc.

is actually cheaper at 10. 2x — notably different from the trailing picture, reflecting expected earnings growth.

03

Which is the better long-term investment — ABVX or ARRY or SHLS or PTGX?

Over the past 5 years, Abivax S.

A. (ABVX) delivered a total return of +1115%, compared to -67. 7% for Shoals Technologies Group, Inc. (SHLS). Over 10 years, the gap is even starker: ABVX returned +1115% versus ARRY's -79. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — ABVX or ARRY or SHLS or PTGX?

By beta (market sensitivity over 5 years), Protagonist Therapeutics, Inc.

(PTGX) is the lower-risk stock at 0. 25β versus Shoals Technologies Group, Inc. 's 2. 51β — meaning SHLS is approximately 906% more volatile than PTGX relative to the S&P 500. On balance sheet safety, Protagonist Therapeutics, Inc. (PTGX) carries a lower debt/equity ratio of 2% versus 3% for Array Technologies, Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — ABVX or ARRY or SHLS or PTGX?

By revenue growth (latest reported year), Array Technologies, Inc.

(ARRY) is pulling ahead at 40. 2% versus -89. 4% for Protagonist Therapeutics, Inc. (PTGX). On earnings-per-share growth, the picture is similar: Array Technologies, Inc. grew EPS 62. 6% year-over-year, compared to -148. 5% for Protagonist Therapeutics, Inc.. Over a 3-year CAGR, PTGX leads at 20. 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.

06

Which has better profit margins — ABVX or ARRY or SHLS or PTGX?

Shoals Technologies Group, Inc.

(SHLS) is the more profitable company, earning 7. 1% net margin versus -282. 8% for Protagonist Therapeutics, Inc. — meaning it keeps 7. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: SHLS leads at 11. 9% versus -343. 6% for PTGX. At the gross margin level — before operating expenses — PTGX leads at 97. 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.

07

Is ABVX or ARRY or SHLS or PTGX more undervalued right now?

On forward earnings alone, Array Technologies, Inc.

(ARRY) trades at 10. 2x forward P/E versus 27. 2x for Protagonist Therapeutics, Inc. — 17. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ARRY: 31. 5% to $9. 80.

08

Which pays a better dividend — ABVX or ARRY or SHLS or PTGX?

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.

09

Is ABVX or ARRY or SHLS or PTGX better for a retirement portfolio?

For long-horizon retirement investors, Protagonist Therapeutics, Inc.

(PTGX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 25), +838. 4% 10Y return). Array Technologies, Inc. (ARRY) carries a higher beta of 2. 34 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (PTGX: +838. 4%, ARRY: -79. 6%), 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.

10

What are the main differences between ABVX and ARRY and SHLS and PTGX?

These companies operate in different sectors (ABVX (Healthcare) and ARRY (Energy) and SHLS (Energy) and PTGX (Healthcare)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

In terms of investment character: ABVX is a small-cap quality compounder stock; ARRY is a small-cap high-growth stock; SHLS is a small-cap high-growth stock; PTGX 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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