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Stock Comparison

ADAG vs XNCR

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

Live fundamentals10-year financials5-year price chart
ADAG
Adagene Inc.

Biotechnology

HealthcareNASDAQ • CN
Market Cap$210M
5Y Perf.-85.4%
XNCR
Xencor, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$904M
5Y Perf.-75.0%

ADAG vs XNCR — Key Financials

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

Company Snapshot
ADAG logoADAG
XNCR logoXNCR
IndustryBiotechnologyBiotechnology
Market Cap$210M$904M
Revenue (TTM)$103K$93M
Net Income (TTM)$-55M$-172M
Gross Margin-10.9%94.4%
Operating Margin-589.5%-144.7%
Total Debt$18M$188M
Cash & Equiv.$85M$54M

ADAG vs XNCRLong-Term Stock Performance

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

ADAG
XNCR
StockFeb 21Jun 26Return
Adagene Inc. (ADAG)10014.6-85.4%
Xencor, Inc. (XNCR)10025.0-75.0%

Price return only. Dividends and distributions are not included.

Quick Verdict: ADAG vs XNCR

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

Bottom line: XNCR leads in 3 of 6 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Adagene Inc. is the stronger pick specifically for capital preservation and lower volatility and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
🥇XNCR emerged as the overall leader. Track its performance:
ADAG
Adagene Inc.
The Income Pick

ADAG is the clearest fit if your priority is income & stability and sleep-well-at-night.

  • beta 0.73
  • Lower volatility, beta 0.73, Low D/E 36.6%, current ratio 2.30x
  • Beta 0.73, current ratio 2.30x
Best for: income & stability and sleep-well-at-night
XNCR
Xencor, Inc.
The Growth Play

XNCR carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.

  • Rev growth 13.7%, EPS growth 65.4%, 3Y rev CAGR -8.6%
  • -12.6% 10Y total return vs ADAG's -88.1%
  • 13.7% revenue growth vs ADAG's -99.4%
Best for: growth exposure and long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthXNCR logoXNCR13.7% revenue growth vs ADAG's -99.4%
Quality / MarginsXNCR logoXNCR-185.7% margin vs ADAG's -537.2%
Stability / SafetyADAG logoADAGBeta 0.73 vs XNCR's 1.72
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)ADAG logoADAG+82.1% vs XNCR's +30.8%
Efficiency (ROA)XNCR logoXNCR-20.5% ROA vs ADAG's -83.3%

ADAG vs XNCR — Revenue Breakdown by Segment

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

ADAGAdagene Inc.
FY 2020
Service
63.9%$398,883
License
36.1%$225,000
XNCRXencor, Inc.
FY 2025
Royalty
63.9%$80M
Milestone
36.1%$45M

ADAG vs XNCR — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLXNCRLAGGINGADAG

Income & Cash Flow (Last 12 Months)

XNCR leads this category, winning 4 of 5 comparable metrics.

XNCR is the larger business by revenue, generating $93M annually — 899.6x ADAG's $103,204. XNCR is the more profitable business, keeping -185.7% of every revenue dollar as net income compared to ADAG's -537.2%.

MetricADAG logoADAGAdagene Inc.XNCR logoXNCRXencor, Inc.
RevenueTrailing 12 months$103,204$93M
EBITDAEarnings before interest/tax-$59M-$127M
Net IncomeAfter-tax profit-$55M-$172M
Free Cash FlowCash after capex-$48M-$189M
Gross MarginGross profit ÷ Revenue-10.9%+94.4%
Operating MarginEBIT ÷ Revenue-589.5%-144.7%
Net MarginNet income ÷ Revenue-537.2%-185.7%
FCF MarginFCF ÷ Revenue-461.1%-2.0%
Rev. Growth (YoY)Latest quarter vs prior year-100.0%
EPS Growth (YoY)Latest quarter vs prior year-50.0%-159.1%
XNCR leads this category, winning 4 of 5 comparable metrics.

Valuation Metrics

XNCR leads this category, winning 3 of 3 comparable metrics.
MetricADAG logoADAGAdagene Inc.XNCR logoXNCRXencor, Inc.
Market CapShares × price$210M$904M
Enterprise ValueMkt cap + debt − cash$144M$1.0B
Trailing P/EPrice ÷ TTM EPS-3.76x-9.94x
Forward P/EPrice ÷ next-FY EPS est.
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple
Price / SalesMarket cap ÷ Revenue2037.00x7.20x
Price / BookPrice ÷ Book value/share2.55x1.44x
Price / FCFMarket cap ÷ FCF
XNCR leads this category, winning 3 of 3 comparable metrics.

Profitability & Efficiency

XNCR leads this category, winning 6 of 8 comparable metrics.

XNCR delivers a -28.8% return on equity — every $100 of shareholder capital generates $-29 in annual profit, vs $-146 for ADAG. XNCR carries lower financial leverage with a 0.30x debt-to-equity ratio, signaling a more conservative balance sheet compared to ADAG's 0.37x. On the Piotroski fundamental quality scale (0–9), XNCR scores 3/9 vs ADAG's 1/9, reflecting mixed financial health.

MetricADAG logoADAGAdagene Inc.XNCR logoXNCRXencor, Inc.
ROE (TTM)Return on equity-146.2%-28.8%
ROA (TTM)Return on assets-83.3%-20.5%
ROICReturn on invested capital-16.3%
ROCEReturn on capital employed-53.1%-21.6%
Piotroski ScoreFundamental quality 0–913
Debt / EquityFinancial leverage0.37x0.30x
Net DebtTotal debt minus cash-$67M$134M
Cash & Equiv.Liquid assets$85M$54M
Total DebtShort + long-term debt$18M$188M
Interest CoverageEBIT ÷ Interest expense-46.92x-0.98x
XNCR leads this category, winning 6 of 8 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in XNCR five years ago would be worth $3,303 today (with dividends reinvested), compared to $2,627 for ADAG. Over the past 12 months, ADAG leads with a +82.1% total return vs XNCR's +30.8%. The 3-year compound annual growth rate (CAGR) favors ADAG at 42.3% vs XNCR's -23.1% — a key indicator of consistent wealth creation.

MetricADAG logoADAGAdagene Inc.XNCR logoXNCRXencor, Inc.
YTD ReturnYear-to-date+94.0%-17.4%
1-Year ReturnPast 12 months+82.1%+30.8%
3-Year ReturnCumulative with dividends+187.9%-54.5%
5-Year ReturnCumulative with dividends-73.7%-67.0%
10-Year ReturnCumulative with dividends-88.1%-12.6%
CAGR (3Y)Annualised 3-year return+42.3%-23.1%
ADAG leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

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

ADAG is the less volatile stock with a 0.73 beta — it tends to amplify market swings less than XNCR's 1.72 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ADAG currently trades 75.2% from its 52-week high vs XNCR's 66.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricADAG logoADAGAdagene Inc.XNCR logoXNCRXencor, Inc.
Beta (5Y)Sensitivity to S&P 5000.73x1.72x
52-Week HighHighest price in past year$4.75$18.69
52-Week LowLowest price in past year$1.30$6.92
% of 52W HighCurrent price vs 52-week peak+75.2%+66.0%
RSI (14)Momentum oscillator 0–10049.952.9
Avg Volume (50D)Average daily shares traded214K715K
ADAG leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Wall Street rates ADAG as "Buy" and XNCR as "Buy". Consensus price targets imply 110.9% upside for XNCR (target: $26) vs 40.1% for ADAG (target: $5).

MetricADAG logoADAGAdagene Inc.XNCR logoXNCRXencor, Inc.
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$5.00$26.00
# AnalystsCovering analysts527
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

XNCR leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). ADAG leads in 2 (Total Returns, Risk & Volatility).

Best OverallXencor, Inc. (XNCR)Leads 3 of 6 categories
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ADAG vs XNCR: Frequently Asked Questions

8 questions · data-driven answers · updated daily

01

Is ADAG or XNCR a better buy right now?

For growth investors, Xencor, Inc.

(XNCR) is the stronger pick with 13. 7% revenue growth year-over-year, versus -99. 4% for Adagene Inc. (ADAG). Analysts rate Adagene Inc. (ADAG) a "Buy" — based on 5 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 is the better long-term investment — ADAG or XNCR?

Over the past 5 years, Xencor, Inc.

(XNCR) delivered a total return of -67. 0%, compared to -73. 7% for Adagene Inc. (ADAG). Over 10 years, the gap is even starker: XNCR returned -12. 6% versus ADAG's -88. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

03

Which is safer — ADAG or XNCR?

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

(ADAG) is the lower-risk stock at 0. 73β versus Xencor, Inc. 's 1. 72β — meaning XNCR is approximately 136% more volatile than ADAG relative to the S&P 500. On balance sheet safety, Xencor, Inc. (XNCR) carries a lower debt/equity ratio of 30% versus 37% for Adagene Inc. — giving it more financial flexibility in a downturn.

04

Which is growing faster — ADAG or XNCR?

By revenue growth (latest reported year), Xencor, Inc.

(XNCR) is pulling ahead at 13. 7% versus -99. 4% for Adagene Inc. (ADAG). On earnings-per-share growth, the picture is similar: Xencor, Inc. grew EPS 65. 4% year-over-year, compared to -75. 9% for Adagene Inc.. Over a 3-year CAGR, XNCR leads at -8. 6% 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.

05

Which has better profit margins — ADAG or XNCR?

Xencor, Inc.

(XNCR) is the more profitable company, earning -73. 2% net margin versus -323. 9% for Adagene Inc. — meaning it keeps -73. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: XNCR leads at -141. 4% versus -348. 4% for ADAG. At the gross margin level — before operating expenses — XNCR leads at 91. 6%, 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.

06

Which pays a better dividend — ADAG or XNCR?

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.

07

Is ADAG or XNCR better for a retirement portfolio?

For long-horizon retirement investors, Adagene Inc.

(ADAG) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 73)). Xencor, Inc. (XNCR) carries a higher beta of 1. 72 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (ADAG: -88. 1%, XNCR: -12. 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.

08

What are the main differences between ADAG and XNCR?

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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