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Stock Comparison

ADPT vs EXAS

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

Live fundamentals10-year financials5-year price chart
ADPT
Adaptive Biotechnologies Corporation

Biotechnology

HealthcareNASDAQ • US
Market Cap$2.35B
5Y Perf.-62.0%
EXAS
Exact Sciences Corporation

Medical - Diagnostics & Research

HealthcareNASDAQ • US
Market Cap$20.02B
5Y Perf.+20.4%

ADPT vs EXAS — Key Financials

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

Company Snapshot
ADPT logoADPT
EXAS logoEXAS
IndustryBiotechnologyMedical - Diagnostics & Research
Market Cap$2.35B$20.02B
Revenue (TTM)$295M$3.25B
Net Income (TTM)$-50M$-208M
Gross Margin75.3%69.7%
Operating Margin-15.8%-6.4%
Forward P/E582.8x
Total Debt$281M$2.52B
Cash & Equiv.$70M$956M

ADPT vs EXASLong-Term Stock Performance

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

ADPT
EXAS
StockMay 20May 26Return
Adaptive Biotechnol… (ADPT)10038.0-62.0%
Exact Sciences Corp… (EXAS)100120.4+20.4%

Price return only. Dividends and distributions are not included.

Quick Verdict: ADPT vs EXAS

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

Bottom line: EXAS leads in 4 of 6 categories, making it the strongest pick for profitability and margin quality and capital preservation and lower volatility. Adaptive Biotechnologies Corporation is the stronger pick specifically for growth and revenue expansion. As sector peers, any of these can serve as alternatives in the same allocation.
ADPT
Adaptive Biotechnologies Corporation
The Growth Play

ADPT is the clearest fit if your priority is growth exposure.

  • Rev growth 54.8%, EPS growth 63.9%, 3Y rev CAGR 14.3%
  • 54.8% revenue growth vs EXAS's 17.7%
Best for: growth exposure
EXAS
Exact Sciences Corporation
The Income Pick

EXAS carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.

  • beta 0.12
  • 16.7% 10Y total return vs ADPT's -63.5%
  • Lower volatility, beta 0.12, current ratio 2.43x
Best for: income & stability and long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthADPT logoADPT54.8% revenue growth vs EXAS's 17.7%
Quality / MarginsEXAS logoEXAS-6.4% margin vs ADPT's -16.8%
Stability / SafetyEXAS logoEXASBeta 0.12 vs ADPT's 2.07, lower leverage
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)EXAS logoEXAS+96.9% vs ADPT's +66.7%
Efficiency (ROA)EXAS logoEXAS-3.5% ROA vs ADPT's -9.9%, ROIC -3.6% vs -12.6%

ADPT vs EXAS — Revenue Breakdown by Segment

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

ADPTAdaptive Biotechnologies Corporation
FY 2021
Sequencing Revenue
51.1%$79M
Development Support Revenue
42.4%$65M
Development Revenue Regulatory Milestones
6.5%$10M
EXASExact Sciences Corporation
FY 2025
Screening
77.9%$2.5B
Precision Oncology
22.1%$717M

ADPT vs EXAS — Financial Metrics

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

BEST OVERALLEXASLAGGINGADPT

Income & Cash Flow (Last 12 Months)

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

EXAS is the larger business by revenue, generating $3.2B annually — 11.0x ADPT's $295M. EXAS is the more profitable business, keeping -6.4% of every revenue dollar as net income compared to ADPT's -16.8%. On growth, ADPT holds the edge at +35.1% YoY revenue growth, suggesting stronger near-term business momentum.

MetricADPT logoADPTAdaptive Biotechn…EXAS logoEXASExact Sciences Co…
RevenueTrailing 12 months$295M$3.2B
EBITDAEarnings before interest/tax-$34M-$41M
Net IncomeAfter-tax profit-$50M-$208M
Free Cash FlowCash after capex-$30M$357M
Gross MarginGross profit ÷ Revenue+75.3%+69.7%
Operating MarginEBIT ÷ Revenue-15.8%-6.4%
Net MarginNet income ÷ Revenue-16.8%-6.4%
FCF MarginFCF ÷ Revenue-10.0%+11.0%
Rev. Growth (YoY)Latest quarter vs prior year+35.1%+23.1%
EPS Growth (YoY)Latest quarter vs prior year+35.0%+90.4%
EXAS leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

EXAS leads this category, winning 3 of 3 comparable metrics.
MetricADPT logoADPTAdaptive Biotechn…EXAS logoEXASExact Sciences Co…
Market CapShares × price$2.4B$20.0B
Enterprise ValueMkt cap + debt − cash$2.6B$21.6B
Trailing P/EPrice ÷ TTM EPS-37.67x-95.37x
Forward P/EPrice ÷ next-FY EPS est.582.83x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple
Price / SalesMarket cap ÷ Revenue8.49x6.16x
Price / BookPrice ÷ Book value/share9.91x8.24x
Price / FCFMarket cap ÷ FCF56.10x
EXAS leads this category, winning 3 of 3 comparable metrics.

Profitability & Efficiency

EXAS leads this category, winning 7 of 9 comparable metrics.

EXAS delivers a -8.7% return on equity — every $100 of shareholder capital generates $-9 in annual profit, vs $-24 for ADPT. EXAS carries lower financial leverage with a 1.05x debt-to-equity ratio, signaling a more conservative balance sheet compared to ADPT's 1.25x. On the Piotroski fundamental quality scale (0–9), EXAS scores 7/9 vs ADPT's 5/9, reflecting strong financial health.

MetricADPT logoADPTAdaptive Biotechn…EXAS logoEXASExact Sciences Co…
ROE (TTM)Return on equity-23.9%-8.7%
ROA (TTM)Return on assets-9.9%-3.5%
ROICReturn on invested capital-12.6%-3.6%
ROCEReturn on capital employed-13.2%-4.0%
Piotroski ScoreFundamental quality 0–957
Debt / EquityFinancial leverage1.25x1.05x
Net DebtTotal debt minus cash$210M$1.6B
Cash & Equiv.Liquid assets$70M$956M
Total DebtShort + long-term debt$281M$2.5B
Interest CoverageEBIT ÷ Interest expense-6.68x-5.47x
EXAS leads this category, winning 7 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in EXAS five years ago would be worth $10,039 today (with dividends reinvested), compared to $4,198 for ADPT. Over the past 12 months, EXAS leads with a +96.9% total return vs ADPT's +66.7%. The 3-year compound annual growth rate (CAGR) favors ADPT at 30.6% vs EXAS's 15.2% — a key indicator of consistent wealth creation.

MetricADPT logoADPTAdaptive Biotechn…EXAS logoEXASExact Sciences Co…
YTD ReturnYear-to-date-7.7%+3.1%
1-Year ReturnPast 12 months+66.7%+96.9%
3-Year ReturnCumulative with dividends+122.6%+53.0%
5-Year ReturnCumulative with dividends-58.0%+0.4%
10-Year ReturnCumulative with dividends-63.5%+1669.1%
CAGR (3Y)Annualised 3-year return+30.6%+15.2%
EXAS leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

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

EXAS is the less volatile stock with a 0.12 beta — it tends to amplify market swings less than ADPT's 2.07 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. EXAS currently trades 99.9% from its 52-week high vs ADPT's 70.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricADPT logoADPTAdaptive Biotechn…EXAS logoEXASExact Sciences Co…
Beta (5Y)Sensitivity to S&P 5002.07x0.12x
52-Week HighHighest price in past year$20.76$104.98
52-Week LowLowest price in past year$8.38$38.81
% of 52W HighCurrent price vs 52-week peak+70.8%+99.9%
RSI (14)Momentum oscillator 0–10052.376.4
Avg Volume (50D)Average daily shares traded2.0M4.2M
EXAS leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Wall Street rates ADPT as "Buy" and EXAS as "Buy". Consensus price targets imply 44.7% upside for ADPT (target: $21) vs -1.6% for EXAS (target: $103).

MetricADPT logoADPTAdaptive Biotechn…EXAS logoEXASExact Sciences Co…
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$21.25$103.18
# AnalystsCovering analysts1741
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%+0.1%
Insufficient data to determine a leader in this category.
Key Takeaway

EXAS leads in 5 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics.

Best OverallExact Sciences Corporation (EXAS)Leads 5 of 6 categories
Loading custom metrics...

ADPT vs EXAS: Frequently Asked Questions

9 questions · data-driven answers · updated daily

01

Is ADPT or EXAS a better buy right now?

For growth investors, Adaptive Biotechnologies Corporation (ADPT) is the stronger pick with 54.

8% revenue growth year-over-year, versus 17. 7% for Exact Sciences Corporation (EXAS). Analysts rate Adaptive Biotechnologies Corporation (ADPT) a "Buy" — based on 17 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 — ADPT or EXAS?

Over the past 5 years, Exact Sciences Corporation (EXAS) delivered a total return of +0.

4%, compared to -58. 0% for Adaptive Biotechnologies Corporation (ADPT). Over 10 years, the gap is even starker: EXAS returned +1669% versus ADPT's -63. 5%. 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 — ADPT or EXAS?

By beta (market sensitivity over 5 years), Exact Sciences Corporation (EXAS) is the lower-risk stock at 0.

12β versus Adaptive Biotechnologies Corporation's 2. 07β — meaning ADPT is approximately 1621% more volatile than EXAS relative to the S&P 500. On balance sheet safety, Exact Sciences Corporation (EXAS) carries a lower debt/equity ratio of 105% versus 125% for Adaptive Biotechnologies Corporation — giving it more financial flexibility in a downturn.

04

Which is growing faster — ADPT or EXAS?

By revenue growth (latest reported year), Adaptive Biotechnologies Corporation (ADPT) is pulling ahead at 54.

8% versus 17. 7% for Exact Sciences Corporation (EXAS). On earnings-per-share growth, the picture is similar: Exact Sciences Corporation grew EPS 80. 3% year-over-year, compared to 63. 9% for Adaptive Biotechnologies Corporation. Over a 3-year CAGR, EXAS leads at 15. 9% 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 — ADPT or EXAS?

Exact Sciences Corporation (EXAS) is the more profitable company, earning -6.

4% net margin versus -21. 5% for Adaptive Biotechnologies Corporation — meaning it keeps -6. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: EXAS leads at -6. 4% versus -20. 6% for ADPT. At the gross margin level — before operating expenses — ADPT leads at 74. 2%, 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

Is ADPT or EXAS more undervalued right now?

Analyst consensus price targets imply the most upside for ADPT: 44.

7% to $21. 25.

07

Which pays a better dividend — ADPT or EXAS?

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.

08

Is ADPT or EXAS better for a retirement portfolio?

For long-horizon retirement investors, Exact Sciences Corporation (EXAS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

12), +1669% 10Y return). Adaptive Biotechnologies Corporation (ADPT) carries a higher beta of 2. 07 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (EXAS: +1669%, ADPT: -63. 5%), 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.

09

What are the main differences between ADPT and EXAS?

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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ADPT

High-Growth Disruptor

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 17%
  • Gross Margin > 45%
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EXAS

High-Growth Disruptor

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 11%
  • Gross Margin > 41%
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