Comprehensive Stock Comparison

Compare BioCryst Pharmaceuticals, Inc. (BCRX) vs BioMarin Pharmaceutical Inc. (BMRN) Stock

Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.

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Quick Verdict

CategoryWinnerWhy
GrowthBCRX94.1% revenue growth vs BMRN's 12.9%
ValueBMRNLower P/E (15.4x vs 28.1x)
Quality / MarginsBCRX30.2% net margin vs BMRN's 10.8%
Stability / SafetyBCRXBeta 0.74 vs BMRN's 0.74
DividendsTieNeither pays a meaningful dividend
Momentum (1Y)BCRX+1.6% vs BMRN's -13.3%
Efficiency (ROA)BCRX51.3% ROA vs BMRN's 4.6%, ROIC 8.1% vs 7.4%
Bottom line: BCRX leads in 5 of 7 categories, making it the stronger pick for investors who prioritize growth and revenue expansion and profitability and margin quality. BioMarin Pharmaceutical Inc. is the better choice for valuation and capital efficiency. As direct sector peers, they can serve as alternatives in the same portfolio allocation.

Who Each Stock Is For

Income & stability

Growth exposure

Long-term compounding (10Y)

Sleep-well-at-night portfolio

Defensive / Recession hedge

Business Model

What each company does and how it makes money

BCRXBioCryst Pharmaceuticals, Inc.
Healthcare

BioCryst Pharmaceuticals is a biotechnology company that discovers and develops novel oral small-molecule medicines for rare diseases. It generates revenue primarily from sales of its hereditary angioedema drug ORLADEYO — which accounts for the vast majority of its income — supplemented by royalties from its influenza treatment peramivir. The company's competitive advantage lies in its expertise in structure-guided drug design and its focus on oral therapies for complement-mediated diseases where few treatment options exist.

BMRNBioMarin Pharmaceutical Inc.
Healthcare

BioMarin Pharmaceutical is a biotechnology company focused on developing and commercializing therapies for rare genetic diseases. It generates revenue primarily from sales of its orphan drug portfolio — including Voxzogo, Vimizim, and Palynziq — with additional income from licensing and royalties. The company's moat lies in its deep expertise in rare disease biology and its established commercial infrastructure for ultra-orphan drugs, which creates high barriers to entry.

Revenue Breakdown by Segment

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

BCRXBioCryst Pharmaceuticals, Inc.
FY 2025
Product
71.2%$623M
License
27.9%$244M
Collaborative And Other Research And Development
0.9%$8M
BMRNBioMarin Pharmaceutical Inc.
FY 2024
Product
98.4%$2.8B
Royalty And Other
1.6%$44M

Financial Metrics Comparison

Side-by-side fundamentals across 2 stocks. BestLagging

Financial Scorecard

BCRX 4BMRN 0
Financial MetricsBCRX6/6 metrics
Valuation MetricsBCRX4/5 metrics
Profitability & EfficiencyBCRX5/7 metrics
Total ReturnsBCRX5/6 metrics
Risk & VolatilityTie1/2 metrics
Analyst Outlook0/0 metrics

BCRX leads in 4 of 6 categories — strongest in Financial Metrics and Valuation Metrics. 1 category is tied.

Financial Metrics (TTM)

BMRN is the larger business by revenue, generating $3.2B annually — 3.7x BCRX's $875M. BCRX is the more profitable business, keeping 30.2% of every revenue dollar as net income compared to BMRN's 10.8%. On growth, BCRX holds the edge at +2.1% YoY revenue growth, suggesting stronger near-term business momentum.

MetricBCRXBioCryst Pharmace…BMRNBioMarin Pharmace…
RevenueTrailing 12 months$875M$3.2B
EBITDAEarnings before interest/tax$342M$613M
Net IncomeAfter-tax profit$264M$349M
Free Cash FlowCash after capex$503M$725M
Gross MarginGross profit ÷ Revenue+97.8%+77.1%
Operating MarginEBIT ÷ Revenue+39.0%+16.6%
Net MarginNet income ÷ Revenue+30.2%+10.8%
FCF MarginFCF ÷ Revenue+57.5%+22.5%
Rev. Growth (YoY)Latest quarter vs prior year+2.1%+17.0%
EPS Growth (YoY)Latest quarter vs prior year+9.6%-134.4%
BCRX leads this category, winning 6 of 6 comparable metrics.

Valuation Metrics

At 7.2x trailing earnings, BCRX trades at a 79% valuation discount to BMRN's 34.3x P/E. On an enterprise value basis, BCRX's 5.2x EV/EBITDA is more attractive than BMRN's 18.2x.

MetricBCRXBioCryst Pharmace…BMRNBioMarin Pharmace…
Market CapShares × price$1.9B$11.9B
Enterprise ValueMkt cap + debt − cash$1.8B$11.1B
Trailing P/EPrice ÷ TTM EPS7.23x34.29x
Forward P/EPrice ÷ next-FY EPS est.28.11x15.45x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple5.24x18.18x
Price / SalesMarket cap ÷ Revenue2.13x3.68x
Price / BookPrice ÷ Book value/share2.00x
Price / FCFMarket cap ÷ FCF5.37x16.36x
BCRX leads this category, winning 4 of 5 comparable metrics.

Profitability & Efficiency

On the Piotroski fundamental quality scale (0–9), BCRX scores 7/9 vs BMRN's 5/9, reflecting strong financial health.

MetricBCRXBioCryst Pharmace…BMRNBioMarin Pharmace…
ROE (TTM)Return on equity+5.7%
ROA (TTM)Return on assets+51.3%+4.6%
ROICReturn on invested capital+8.1%+7.4%
ROCEReturn on capital employed+105.2%+7.8%
Piotroski ScoreFundamental quality 0–975
Debt / EquityFinancial leverage0.10x
Net DebtTotal debt minus cash-$78M-$715M
Cash & Equiv.Liquid assets$90M$1.3B
Total DebtShort + long-term debt$12M$597M
Interest CoverageEBIT ÷ Interest expense1.66x48.95x
BCRX leads this category, winning 5 of 7 comparable metrics.

Total Returns (with DRIP)

A $10,000 investment in BMRN five years ago would be worth $7,797 today (with dividends reinvested), compared to $7,304 for BCRX. Over the past 12 months, BCRX leads with a +1.6% total return vs BMRN's -13.3%. The 3-year compound annual growth rate (CAGR) favors BCRX at -0.4% vs BMRN's -14.7% — a key indicator of consistent wealth creation.

MetricBCRXBioCryst Pharmace…BMRNBioMarin Pharmace…
YTD ReturnYear-to-date+16.7%+3.8%
1-Year ReturnPast 12 months+1.6%-13.3%
3-Year ReturnCumulative with dividends-1.1%-38.0%
5-Year ReturnCumulative with dividends-27.0%-22.0%
10-Year ReturnCumulative with dividends+339.7%-24.6%
CAGR (3Y)Annualised 3-year return-0.4%-14.7%
BCRX leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

BCRX is the less volatile stock with a 0.74 beta — it tends to amplify market swings less than BMRN's 0.74 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BMRN currently trades 84.0% from its 52-week high vs BCRX's 77.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricBCRXBioCryst Pharmace…BMRNBioMarin Pharmace…
Beta (5Y)Sensitivity to S&P 5000.74x0.74x
52-Week HighHighest price in past year$11.31$73.51
52-Week LowLowest price in past year$6.00$50.76
% of 52W HighCurrent price vs 52-week peak+77.4%+84.0%
RSI (14)Momentum oscillator 0–10070.756.6
Avg Volume (50D)Average daily shares traded3.5M1.9M
Evenly matched — BCRX and BMRN each lead in 1 of 2 comparable metrics.

Analyst Outlook

Wall Street rates BCRX as "Buy" and BMRN as "Buy". Consensus price targets imply 64.6% upside for BCRX (target: $14) vs 32.8% for BMRN (target: $82).

MetricBCRXBioCryst Pharmace…BMRNBioMarin Pharmace…
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$14.40$82.00
# AnalystsCovering analysts2940
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.

Historical Charts

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Chart 1Total Return — 5 Years (Rebased to 100)

StockMar 20Feb 26Change
BioCryst Pharmaceut… (BCRX)100203.37+103.4%
BioMarin Pharmaceut… (BMRN)10061.39-38.6%

BioMarin Pharmaceut… (BMRN) returned -22% over 5 years vs BioCryst Pharmaceut… (BCRX)'s -27%.

Chart 2Revenue Growth — 10 Years

Stock20162025Change
BioCryst Pharmaceut… (BCRX)$26M$875M+3219.7%
BioMarin Pharmaceut… (BMRN)$1.1B$0.00-100.0%

BioCryst Pharmaceuticals, Inc.'s revenue grew from $26M (2016) to $875M (2025) — a 47.6% CAGR. BioMarin Pharmaceutical Inc.'s revenue grew from $1.1B (2016) to $0M (2025) — a -100.0% CAGR.

Chart 3Net Margin Trend — 10 Years

Stock20162025Change
BioCryst Pharmaceut… (BCRX)-2.1%30.2%+1541.4%
BioMarin Pharmaceut… (BMRN)-56.4%15.0%+126.5%

BioCryst Pharmaceuticals, Inc.'s net margin went from -2% (2016) to 30% (2025).

Chart 4P/E Ratio History — 5 Years

Stock20202025Change
BioMarin Pharmaceut… (BMRN)19.4424.5+2088.1%

BioMarin Pharmaceutical Inc. has traded in a 19x–425x P/E range over 5 years; current trailing P/E is ~34x.

Chart 5EPS Growth — 10 Years

Stock20162025Change
BioCryst Pharmaceut… (BCRX)-0.751.21+261.3%
BioMarin Pharmaceut… (BMRN)-3.790.14+103.7%

BioCryst Pharmaceuticals, Inc.'s EPS grew from $-0.75 (2016) to $1.21 (2025). BioMarin Pharmaceutical Inc.'s EPS grew from $-3.79 (2016) to $0.14 (2025).

Chart 6Free Cash Flow — 5 Years

2021
$-145M
$185M
2022
$-163M
$55M
2023
$-97M
$63M
2024
$-53M
$475M
2025
$347M
$725M
BioCryst Pharmaceut… (BCRX)BioMarin Pharmaceut… (BMRN)

BioCryst Pharmaceuticals, Inc. generated $347M FCF in 2025 (+340% vs 2021). BioMarin Pharmaceutical Inc. generated $725M FCF in 2025 (+291% vs 2021).

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BCRX vs BMRN: Frequently Asked Questions

9 questions · data-driven answers · updated daily

01

Is BCRX or BMRN a better buy right now?

BioCryst Pharmaceuticals, Inc. (BCRX) offers the better valuation at 7.2x trailing P/E (28.1x forward), making it the more compelling value choice. Analysts rate BioCryst Pharmaceuticals, Inc. (BCRX) a "Buy" — based on 29 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 — BCRX or BMRN?

On trailing P/E, BioCryst Pharmaceuticals, Inc. (BCRX) is the cheapest at 7.2x versus BioMarin Pharmaceutical Inc. at 34.3x. On forward P/E, BioMarin Pharmaceutical Inc. is actually cheaper at 15.4x — notably different from the trailing picture, reflecting expected earnings growth.

03

Which is the better long-term investment — BCRX or BMRN?

Over the past 5 years, BioMarin Pharmaceutical Inc. (BMRN) delivered a total return of -22.0%, compared to -27.0% for BioCryst Pharmaceuticals, Inc. (BCRX). A $10,000 investment in BMRN five years ago would be worth approximately $8K today (assuming dividends reinvested). Over 10 years, the gap is even starker: BCRX returned +339.7% versus BMRN's -24.6%. 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 — BCRX or BMRN?

By beta (market sensitivity over 5 years), BioCryst Pharmaceuticals, Inc. (BCRX) is the lower-risk stock at 0.74β versus BioMarin Pharmaceutical Inc.'s 0.74β — meaning BMRN is approximately 1% more volatile than BCRX relative to the S&P 500.

05

Which has better profit margins — BCRX or BMRN?

BioCryst Pharmaceuticals, Inc. (BCRX) is the more profitable company, earning 30.2% net margin versus 10.8% for BioMarin Pharmaceutical Inc. — meaning it keeps 30.2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BCRX leads at 39.0% versus 16.6% for BMRN. At the gross margin level — before operating expenses — BCRX leads at 97.8%, 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 BCRX or BMRN more undervalued right now?

On forward earnings alone, BioMarin Pharmaceutical Inc. (BMRN) trades at 15.4x forward P/E versus 28.1x for BioCryst Pharmaceuticals, Inc. — 12.7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BCRX: 64.6% to $14.40.

07

Which pays a better dividend — BCRX or BMRN?

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 BCRX or BMRN better for a retirement portfolio?

For long-horizon retirement investors, BioCryst Pharmaceuticals, Inc. (BCRX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.74), +339.7% 10Y return). Both have compounded well over 10 years (BCRX: +339.7%, BMRN: -24.6%), 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.

09

What are the main differences between BCRX and BMRN?

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: BCRX is a small-cap deep-value stock; BMRN is a mid-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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BCRX

High-Growth Quality Leader

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 104%
  • Net Margin > 18%
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BMRN

High-Growth Compounder

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 8%
  • Net Margin > 6%
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Better Than Both

Find stocks that beat BCRX and BMRN on the metrics you choose

Revenue Growth>
%
(BCRX: 209.1% · BMRN: 17.0%)
Net Margin>
%
(BCRX: 30.2% · BMRN: 10.8%)
P/E Ratio<
x
(BCRX: 7.2x · BMRN: 34.3x)