Biotechnology
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ALT vs TERN vs MDGL vs VKTX
Revenue, margins, valuation, and 5-year total return — side by side.
Biotechnology
Biotechnology
Biotechnology
ALT vs TERN vs MDGL vs VKTX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Biotechnology | Biotechnology | Biotechnology | Biotechnology |
| Market Cap | $337M | $4.63B | $12.27B | $3.66B |
| Revenue (TTM) | $41K | $0.00 | $1.13B | $0.00 |
| Net Income (TTM) | $-88M | $-94M | $-309M | $-472M |
| Gross Margin | -364.5% | — | 93.1% | — |
| Operating Margin | -2304.6% | — | -27.7% | — |
| Total Debt | $34M | $1M | $354M | $137K |
| Cash & Equiv. | $44M | $161M | $199M | $166M |
ALT vs TERN vs MDGL vs VKTX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Feb 21 | May 26 | Return |
|---|---|---|---|
| Altimmune, Inc. (ALT) | 100 | 19.1 | -80.9% |
| Terns Pharmaceutica… (TERN) | 100 | 233.7 | +133.7% |
| Madrigal Pharmaceut… (MDGL) | 100 | 441.3 | +341.3% |
| Viking Therapeutics… (VKTX) | 100 | 468.5 | +368.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ALT vs TERN vs MDGL vs VKTX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
ALT lags the leaders in this set but could rank higher in a more targeted comparison.
TERN carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- beta 0.39
- Lower volatility, beta 0.39, Low D/E 0.4%, current ratio 23.14x
- Beta 0.39, current ratio 23.14x
- Beta 0.39 vs VKTX's 1.61
MDGL is the #2 pick in this set and the best alternative if growth exposure and long-term compounding is your priority.
- Rev growth 432.1%, EPS growth 41.3%
- 39.2% 10Y total return vs VKTX's 25.8%
- 432.1% revenue growth vs VKTX's -270.1%
- -25.4% ROA vs VKTX's -65.3%, ROIC -29.4% vs -44.4%
VKTX is the clearest fit if your priority is quality.
- 4.7% margin vs ALT's -2.1K%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 432.1% revenue growth vs VKTX's -270.1% | |
| Quality / Margins | 4.7% margin vs ALT's -2.1K% | |
| Stability / Safety | Beta 0.39 vs VKTX's 1.61 | |
| Dividends | Tie | None of these 4 stocks pay a meaningful dividend |
| Momentum (1Y) | +16.5% vs ALT's -43.3% | |
| Efficiency (ROA) | -25.4% ROA vs VKTX's -65.3%, ROIC -29.4% vs -44.4% |
ALT vs TERN vs MDGL vs VKTX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Segment breakdown not available.
ALT vs TERN vs MDGL vs VKTX — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
MDGL leads in 2 of 6 categories
TERN leads 2 • ALT leads 0 • VKTX leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
MDGL leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
MDGL and VKTX operate at a comparable scale, with $1.1B and $0 in trailing revenue. MDGL is the more profitable business, keeping -27.3% of every revenue dollar as net income compared to ALT's -2148.6%. On growth, ALT holds the edge at +4.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $41,000 | $0 | $1.1B | $0 |
| EBITDAEarnings before interest/tax | -$94M | -$108M | -$312M | -$502M |
| Net IncomeAfter-tax profit | -$88M | -$94M | -$309M | -$472M |
| Free Cash FlowCash after capex | -$68M | -$78M | -$272M | -$340M |
| Gross MarginGross profit ÷ Revenue | -364.5% | — | +93.1% | — |
| Operating MarginEBIT ÷ Revenue | -2304.6% | — | -27.7% | — |
| Net MarginNet income ÷ Revenue | -2148.6% | — | -27.3% | — |
| FCF MarginFCF ÷ Revenue | -1654.7% | — | -24.1% | — |
| Rev. Growth (YoY)Latest quarter vs prior year | +4.2% | — | +126.8% | — |
| EPS Growth (YoY)Latest quarter vs prior year | +18.2% | +3.6% | +2.1% | -2.3% |
Valuation Metrics
Evenly matched — ALT and TERN and MDGL each lead in 1 of 3 comparable metrics.
Valuation Metrics
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $337M | $4.6B | $12.3B | $3.7B |
| Enterprise ValueMkt cap + debt − cash | $328M | $4.5B | $12.4B | $3.5B |
| Trailing P/EPrice ÷ TTM EPS | -3.04x | -47.28x | -41.62x | -9.90x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — |
| EV / EBITDAEnterprise value multiple | — | — | — | — |
| Price / SalesMarket cap ÷ Revenue | 8221.55x | — | 12.80x | — |
| Price / BookPrice ÷ Book value/share | 1.19x | 12.17x | 19.91x | 5.57x |
| Price / FCFMarket cap ÷ FCF | — | — | — | — |
Profitability & Efficiency
MDGL leads this category, winning 4 of 9 comparable metrics.
Profitability & Efficiency
TERN delivers a -30.0% return on equity — every $100 of shareholder capital generates $-30 in annual profit, vs $-71 for VKTX. VKTX carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to MDGL's 0.59x. On the Piotroski fundamental quality scale (0–9), ALT scores 4/9 vs VKTX's 2/9, reflecting mixed financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | -49.4% | -30.0% | -50.2% | -71.3% |
| ROA (TTM)Return on assets | -41.7% | -28.5% | -25.4% | -65.3% |
| ROICReturn on invested capital | -46.7% | -42.2% | -29.4% | -44.4% |
| ROCEReturn on capital employed | -48.0% | -33.7% | -32.9% | -51.8% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 3 | 3 | 2 |
| Debt / EquityFinancial leverage | 0.15x | 0.00x | 0.59x | 0.00x |
| Net DebtTotal debt minus cash | -$9M | -$160M | $156M | -$166M |
| Cash & Equiv.Liquid assets | $44M | $161M | $199M | $166M |
| Total DebtShort + long-term debt | $34M | $1M | $354M | $137,000 |
| Interest CoverageEBIT ÷ Interest expense | -54.74x | — | -17.51x | -15687.44x |
Total Returns (Dividends Reinvested)
TERN leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in VKTX five years ago would be worth $53,526 today (with dividends reinvested), compared to $2,291 for ALT. Over the past 12 months, TERN leads with a +1647.5% total return vs ALT's -43.3%. The 3-year compound annual growth rate (CAGR) favors TERN at 59.1% vs ALT's -14.8% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | -13.4% | +32.0% | -9.9% | -10.8% |
| 1-Year ReturnPast 12 months | -43.3% | +1647.5% | +79.0% | +14.6% |
| 3-Year ReturnCumulative with dividends | -38.2% | +302.7% | +73.2% | +38.1% |
| 5-Year ReturnCumulative with dividends | -77.1% | +218.6% | +310.1% | +435.3% |
| 10-Year ReturnCumulative with dividends | +1213.1% | +187.9% | +3921.5% | +2576.3% |
| CAGR (3Y)Annualised 3-year return | -14.8% | +59.1% | +20.1% | +11.4% |
Risk & Volatility
TERN leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
TERN is the less volatile stock with a 0.39 beta — it tends to amplify market swings less than VKTX's 1.61 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. TERN currently trades 99.6% from its 52-week high vs ALT's 39.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.54x | 0.39x | 0.57x | 1.61x |
| 52-Week HighHighest price in past year | $7.73 | $53.18 | $615.00 | $43.15 |
| 52-Week LowLowest price in past year | $2.56 | $2.66 | $265.00 | $22.96 |
| % of 52W HighCurrent price vs 52-week peak | +39.3% | +99.6% | +87.0% | +73.2% |
| RSI (14)Momentum oscillator 0–100 | 52.9 | 74.2 | 61.2 | 47.1 |
| Avg Volume (50D)Average daily shares traded | 4.1M | 6.7M | 310K | 2.3M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Analyst consensus: ALT as "Buy", TERN as "Buy", MDGL as "Buy", VKTX as "Buy". Consensus price targets imply 270.1% upside for ALT (target: $11) vs 4.9% for TERN (target: $56).
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $11.25 | $55.56 | $705.67 | $100.75 |
| # AnalystsCovering analysts | 15 | 16 | 23 | 24 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | — |
| Dividend StreakConsecutive years of raises | — | — | 1 | — |
| Dividend / ShareAnnual DPS | — | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | 0.0% | 0.0% | 0.0% |
MDGL leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). TERN leads in 2 (Total Returns, Risk & Volatility). 1 tied.
ALT vs TERN vs MDGL vs VKTX: Key Questions Answered
8 questions · data-driven answers · updated daily
01Is ALT or TERN or MDGL or VKTX a better buy right now?
For growth investors, Madrigal Pharmaceuticals, Inc.
(MDGL) is the stronger pick with 432. 1% revenue growth year-over-year, versus 105. 0% for Altimmune, Inc. (ALT). Analysts rate Altimmune, Inc. (ALT) a "Buy" — based on 15 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 — ALT or TERN or MDGL or VKTX?
Over the past 5 years, Viking Therapeutics, Inc.
(VKTX) delivered a total return of +435. 3%, compared to -77. 1% for Altimmune, Inc. (ALT). Over 10 years, the gap is even starker: MDGL returned +39. 2% versus TERN's +187. 9%. 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 — ALT or TERN or MDGL or VKTX?
By beta (market sensitivity over 5 years), Terns Pharmaceuticals, Inc.
(TERN) is the lower-risk stock at 0. 39β versus Viking Therapeutics, Inc. 's 1. 61β — meaning VKTX is approximately 307% more volatile than TERN relative to the S&P 500. On balance sheet safety, Viking Therapeutics, Inc. (VKTX) carries a lower debt/equity ratio of 0% versus 59% for Madrigal Pharmaceuticals, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — ALT or TERN or MDGL or VKTX?
By revenue growth (latest reported year), Madrigal Pharmaceuticals, Inc.
(MDGL) is pulling ahead at 432. 1% versus 105. 0% for Altimmune, Inc. (ALT). On earnings-per-share growth, the picture is similar: Madrigal Pharmaceuticals, Inc. grew EPS 41. 3% year-over-year, compared to -215. 8% for Viking Therapeutics, Inc.. 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 — ALT or TERN or MDGL or VKTX?
Terns Pharmaceuticals, Inc.
(TERN) is the more profitable company, earning 0. 0% net margin versus -2148. 6% for Altimmune, Inc. — meaning it keeps 0. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TERN leads at 0. 0% versus -2304. 6% for ALT. At the gross margin level — before operating expenses — MDGL leads at 94. 1%, 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 — ALT or TERN or MDGL or VKTX?
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 ALT or TERN or MDGL or VKTX better for a retirement portfolio?
For long-horizon retirement investors, Terns Pharmaceuticals, Inc.
(TERN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 39), +187. 9% 10Y return). Viking Therapeutics, Inc. (VKTX) carries a higher beta of 1. 61 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (TERN: +187. 9%, VKTX: +25. 8%), 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 ALT and TERN and MDGL and VKTX?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: ALT is a small-cap high-growth stock; TERN is a small-cap quality compounder stock; MDGL is a mid-cap high-growth stock; VKTX 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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