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Stock Comparison

ADAG vs XNCR vs RCUS vs IMVT

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%
RCUS
Arcus Biosciences, Inc.

Biotechnology

HealthcareNYSE • US
Market Cap$2.40B
5Y Perf.-32.5%
IMVT
Immunovant, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$6.90B
5Y Perf.+113.1%

ADAG vs XNCR vs RCUS vs IMVT — Key Financials

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

Company Snapshot
ADAG logoADAG
XNCR logoXNCR
RCUS logoRCUS
IMVT logoIMVT
IndustryBiotechnologyBiotechnologyBiotechnologyBiotechnology
Market Cap$210M$904M$2.40B$6.90B
Revenue (TTM)$103K$93M$236M$0.00
Net Income (TTM)$-55M$-172M$-369M$-506M
Gross Margin-10.9%94.4%90.7%
Operating Margin-589.5%-144.7%-168.6%
Total Debt$18M$188M$99M$72K
Cash & Equiv.$85M$54M$222M$902M

ADAG vs XNCR vs RCUS vs IMVTLong-Term Stock Performance

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

ADAG
XNCR
RCUS
IMVT
StockFeb 21Jun 26Return
Adagene Inc. (ADAG)10014.6-85.4%
Xencor, Inc. (XNCR)10025.0-75.0%
Arcus Biosciences, … (RCUS)10067.5-32.5%
Immunovant, Inc. (IMVT)100213.1+113.1%

Price return only. Dividends and distributions are not included.

Quick Verdict: ADAG vs XNCR vs RCUS vs IMVT

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

Bottom line: XNCR leads in 2 of 6 categories, making it the strongest pick for growth and revenue expansion and operational efficiency and capital deployment. Adagene Inc. is the stronger pick specifically for capital preservation and lower volatility. RCUS and IMVT also each lead in at least one category. 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 #2 pick in this set and the best alternative if income & stability is your priority.

  • beta 0.73
  • Beta 0.73 vs RCUS's 2.00
Best for: income & stability
XNCR
Xencor, Inc.
The Growth Play

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

  • Rev growth 13.7%, EPS growth 65.4%, 3Y rev CAGR -8.6%
  • 13.7% revenue growth vs ADAG's -99.4%
  • -20.5% ROA vs ADAG's -83.3%
Best for: growth exposure
RCUS
Arcus Biosciences, Inc.
The Momentum Pick

RCUS is the clearest fit if your priority is momentum.

  • +154.5% vs XNCR's +30.8%
Best for: momentum
IMVT
Immunovant, Inc.
The Long-Run Compounder

IMVT is the clearest fit if your priority is long-term compounding and sleep-well-at-night.

  • 237.9% 10Y total return vs RCUS's 40.0%
  • Lower volatility, beta 1.66, Low D/E 0.0%, current ratio 9.09x
  • Beta 1.66, current ratio 9.09x
  • 2.6% margin vs ADAG's -537.2%
Best for: long-term compounding and sleep-well-at-night
See the full category breakdown
CategoryWinnerWhy
GrowthXNCR logoXNCR13.7% revenue growth vs ADAG's -99.4%
Quality / MarginsIMVT logoIMVT2.6% margin vs ADAG's -537.2%
Stability / SafetyADAG logoADAGBeta 0.73 vs RCUS's 2.00
DividendsTieNone of these 4 stocks pay a meaningful dividend
Momentum (1Y)RCUS logoRCUS+154.5% vs XNCR's +30.8%
Efficiency (ROA)XNCR logoXNCR-20.5% ROA vs ADAG's -83.3%

ADAG vs XNCR vs RCUS vs IMVT — 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
RCUSArcus Biosciences, Inc.
FY 2025
License And Development Services
87.4%$221M
Development Services
6.7%$17M
R&D Services
3.2%$8M
License
2.8%$7M
IMVTImmunovant, Inc.

Segment breakdown not available.

ADAG vs XNCR vs RCUS vs IMVT — Financial Metrics

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

BEST OVERALLXNCRLAGGINGIMVT

Income & Cash Flow (Last 12 Months)

Evenly matched — XNCR and RCUS each lead in 3 of 6 comparable metrics.

RCUS and IMVT operate at a comparable scale, with $236M and $0 in trailing revenue. RCUS is the more profitable business, keeping -156.4% of every revenue dollar as net income compared to ADAG's -537.2%. On growth, RCUS holds the edge at -39.3% YoY revenue growth, suggesting stronger near-term business momentum.

MetricADAG logoADAGAdagene Inc.XNCR logoXNCRXencor, Inc.RCUS logoRCUSArcus Biosciences…IMVT logoIMVTImmunovant, Inc.
RevenueTrailing 12 months$103,204$93M$236M$0
EBITDAEarnings before interest/tax-$59M-$127M-$391M-$532M
Net IncomeAfter-tax profit-$55M-$172M-$369M-$506M
Free Cash FlowCash after capex-$48M-$189M-$489M-$407M
Gross MarginGross profit ÷ Revenue-10.9%+94.4%+90.7%
Operating MarginEBIT ÷ Revenue-589.5%-144.7%-168.6%
Net MarginNet income ÷ Revenue-537.2%-185.7%-156.4%
FCF MarginFCF ÷ Revenue-461.1%-2.0%-2.1%
Rev. Growth (YoY)Latest quarter vs prior year-100.0%-39.3%
EPS Growth (YoY)Latest quarter vs prior year-50.0%-159.1%+10.5%-14.1%
Evenly matched — XNCR and RCUS each lead in 3 of 6 comparable metrics.

Valuation Metrics

XNCR leads this category, winning 2 of 3 comparable metrics.
MetricADAG logoADAGAdagene Inc.XNCR logoXNCRXencor, Inc.RCUS logoRCUSArcus Biosciences…IMVT logoIMVTImmunovant, Inc.
Market CapShares × price$210M$904M$2.4B$6.9B
Enterprise ValueMkt cap + debt − cash$144M$1.0B$2.3B$6.0B
Trailing P/EPrice ÷ TTM EPS-3.76x-9.94x-7.23x-12.14x
Forward P/EPrice ÷ next-FY EPS est.
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple
Price / SalesMarket cap ÷ Revenue2037.00x7.20x9.70x
Price / BookPrice ÷ Book value/share2.55x1.44x4.05x7.19x
Price / FCFMarket cap ÷ FCF
XNCR leads this category, winning 2 of 3 comparable metrics.

Profitability & Efficiency

XNCR leads this category, winning 6 of 9 comparable metrics.

XNCR delivers a -28.8% return on equity — every $100 of shareholder capital generates $-29 in annual profit, vs $-146 for ADAG. IMVT carries lower financial leverage with a 0.00x 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 RCUS's 0/9, reflecting mixed financial health.

MetricADAG logoADAGAdagene Inc.XNCR logoXNCRXencor, Inc.RCUS logoRCUSArcus Biosciences…IMVT logoIMVTImmunovant, Inc.
ROE (TTM)Return on equity-146.2%-28.8%-69.0%-68.2%
ROA (TTM)Return on assets-83.3%-20.5%-35.3%-62.2%
ROICReturn on invested capital-16.3%-64.1%
ROCEReturn on capital employed-53.1%-21.6%-42.1%-68.3%
Piotroski ScoreFundamental quality 0–91302
Debt / EquityFinancial leverage0.37x0.30x0.16x0.00x
Net DebtTotal debt minus cash-$67M$134M-$123M-$902M
Cash & Equiv.Liquid assets$85M$54M$222M$902M
Total DebtShort + long-term debt$18M$188M$99M$72,000
Interest CoverageEBIT ÷ Interest expense-46.92x-0.98x-13.38x
XNCR leads this category, winning 6 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in IMVT five years ago would be worth $31,304 today (with dividends reinvested), compared to $2,627 for ADAG. Over the past 12 months, RCUS leads with a +154.5% 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.RCUS logoRCUSArcus Biosciences…IMVT logoIMVTImmunovant, Inc.
YTD ReturnYear-to-date+94.0%-17.4%+2.2%+29.8%
1-Year ReturnPast 12 months+82.1%+30.8%+154.5%+110.9%
3-Year ReturnCumulative with dividends+187.9%-54.5%+18.3%+55.0%
5-Year ReturnCumulative with dividends-73.7%-67.0%-3.1%+213.0%
10-Year ReturnCumulative with dividends-88.1%-12.6%+40.0%+237.9%
CAGR (3Y)Annualised 3-year return+42.3%-23.1%+5.8%+15.7%
ADAG leads this category, winning 3 of 6 comparable metrics.

Risk & Volatility

Evenly matched — ADAG and IMVT each lead in 1 of 2 comparable metrics.

ADAG is the less volatile stock with a 0.73 beta — it tends to amplify market swings less than RCUS's 2.00 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. IMVT currently trades 92.7% 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.RCUS logoRCUSArcus Biosciences…IMVT logoIMVTImmunovant, Inc.
Beta (5Y)Sensitivity to S&P 5000.73x1.72x2.00x1.66x
52-Week HighHighest price in past year$4.75$18.69$28.72$36.27
52-Week LowLowest price in past year$1.30$6.92$7.91$14.32
% of 52W HighCurrent price vs 52-week peak+75.2%+66.0%+82.9%+92.7%
RSI (14)Momentum oscillator 0–10049.952.946.557.9
Avg Volume (50D)Average daily shares traded214K715K1.1M1.9M
Evenly matched — ADAG and IMVT each lead in 1 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Analyst consensus: ADAG as "Buy", XNCR as "Buy", RCUS as "Buy", IMVT as "Buy". Consensus price targets imply 110.9% upside for XNCR (target: $26) vs 29.9% for IMVT (target: $44).

MetricADAG logoADAGAdagene Inc.XNCR logoXNCRXencor, Inc.RCUS logoRCUSArcus Biosciences…IMVT logoIMVTImmunovant, Inc.
Analyst RatingConsensus buy/hold/sellBuyBuyBuyBuy
Price TargetConsensus 12-month target$5.00$26.00$31.00$43.67
# AnalystsCovering analysts5271823
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%0.0%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

XNCR leads in 2 of 6 categories (Valuation Metrics, Profitability & Efficiency). ADAG leads in 1 (Total Returns). 2 tied.

Best OverallXencor, Inc. (XNCR)Leads 2 of 6 categories
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ADAG vs XNCR vs RCUS vs IMVT: Key Questions Answered

8 questions · data-driven answers · updated daily

01

Is ADAG or XNCR or RCUS or IMVT 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 or RCUS or IMVT?

Over the past 5 years, Immunovant, Inc.

(IMVT) delivered a total return of +213. 0%, compared to -73. 7% for Adagene Inc. (ADAG). Over 10 years, the gap is even starker: IMVT returned +237. 9% 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 or RCUS or IMVT?

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

(ADAG) is the lower-risk stock at 0. 73β versus Arcus Biosciences, Inc. 's 2. 00β — meaning RCUS is approximately 174% more volatile than ADAG relative to the S&P 500. On balance sheet safety, Immunovant, Inc. (IMVT) carries a lower debt/equity ratio of 0% versus 37% for Adagene Inc. — giving it more financial flexibility in a downturn.

04

Which is growing faster — ADAG or XNCR or RCUS or IMVT?

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, RCUS leads at 30. 2% 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 or RCUS or IMVT?

Immunovant, Inc.

(IMVT) is the more profitable company, earning 0. 0% net margin versus -323. 9% for Adagene Inc. — meaning it keeps 0. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: IMVT leads at 0. 0% versus -348. 4% for ADAG. At the gross margin level — before operating expenses — RCUS leads at 96. 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.

06

Which pays a better dividend — ADAG or XNCR or RCUS or IMVT?

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 or RCUS or IMVT 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)). Arcus Biosciences, Inc. (RCUS) carries a higher beta of 2. 00 — 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%, RCUS: +40. 0%), 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 and RCUS and IMVT?

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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