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Stock Comparison

CAI vs EXAS vs ILMN vs NTRA vs GH

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

Live fundamentals10-year financials5-year price chart
CAI
Caris Life Sciences, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$5.61B
5Y Perf.-39.6%
EXAS
Exact Sciences Corporation

Medical - Diagnostics & Research

HealthcareNASDAQ • US
Market Cap$20.02B
5Y Perf.+94.5%
ILMN
Illumina, Inc.

Medical - Diagnostics & Research

HealthcareNASDAQ • US
Market Cap$21.07B
5Y Perf.+48.7%
NTRA
Natera, Inc.

Medical - Diagnostics & Research

HealthcareNASDAQ • US
Market Cap$31.16B
5Y Perf.+15.0%
GH
Guardant Health, Inc.

Medical - Diagnostics & Research

HealthcareNASDAQ • US
Market Cap$12.10B
5Y Perf.+83.9%

CAI vs EXAS vs ILMN vs NTRA vs GH — Key Financials

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

Company Snapshot
CAI logoCAI
EXAS logoEXAS
ILMN logoILMN
NTRA logoNTRA
GH logoGH
IndustryBiotechnologyMedical - Diagnostics & ResearchMedical - Diagnostics & ResearchMedical - Diagnostics & ResearchMedical - Diagnostics & Research
Market Cap$5.61B$20.02B$21.07B$31.16B$12.10B
Revenue (TTM)$907M$3.25B$4.39B$2.31B$1.08B
Net Income (TTM)$34M$-208M$853M$-208M$-433M
Gross Margin53.1%69.7%67.1%64.8%64.9%
Operating Margin11.9%-6.4%20.9%-13.4%-41.4%
Forward P/E164.6x582.8x26.8x
Total Debt$379M$2.52B$2.55B$214M$1.68B
Cash & Equiv.$798M$956M$1.42B$1.08B$378M

CAI vs EXAS vs ILMN vs NTRA vs GHLong-Term Stock Performance

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

CAI
EXAS
ILMN
NTRA
GH
StockJun 25May 26Return
Caris Life Sciences… (CAI)10060.4-39.6%
Exact Sciences Corp… (EXAS)100194.5+94.5%
Illumina, Inc. (ILMN)100148.7+48.7%
Natera, Inc. (NTRA)100115.0+15.0%
Guardant Health, In… (GH)100183.9+83.9%

Price return only. Dividends and distributions are not included.

Quick Verdict: CAI vs EXAS vs ILMN vs NTRA vs GH

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

Bottom line: ILMN leads in 3 of 7 categories (5-stock set), making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Caris Life Sciences, Inc. is the stronger pick specifically for growth and revenue expansion. EXAS and GH also each lead in at least one category. As sector peers, any of these can serve as alternatives in the same allocation.
CAI
Caris Life Sciences, Inc.
The Growth Play

CAI is the #2 pick in this set and the best alternative if growth exposure is your priority.

  • Rev growth 97.0%, EPS growth 29.6%, 3Y rev CAGR 46.5%
  • 97.0% revenue growth vs ILMN's -0.8%
Best for: growth exposure
EXAS
Exact Sciences Corporation
The Income Pick

EXAS ranks third and is worth considering specifically for income & stability and sleep-well-at-night.

  • beta 0.12
  • Lower volatility, beta 0.12, current ratio 2.43x
  • Beta 0.12 vs CAI's 1.60
Best for: income & stability and sleep-well-at-night
ILMN
Illumina, Inc.
The Value Play

ILMN carries the broadest edge in this set and is the clearest fit for value and quality.

  • Better valuation composite
  • 19.4% margin vs GH's -40.1%
  • 13.4% ROA vs GH's -26.5%, ROIC 16.8% vs -34.9%
Best for: value and quality
NTRA
Natera, Inc.
The Long-Run Compounder

NTRA is the clearest fit if your priority is long-term compounding.

  • 20.9% 10Y total return vs EXAS's 16.7%
Best for: long-term compounding
GH
Guardant Health, Inc.
The Defensive Pick

GH is the clearest fit if your priority is defensive.

  • Beta 0.86, current ratio 4.84x
  • +132.2% vs CAI's -29.1%
Best for: defensive
See the full category breakdown
CategoryWinnerWhy
GrowthCAI logoCAI97.0% revenue growth vs ILMN's -0.8%
ValueILMN logoILMNBetter valuation composite
Quality / MarginsILMN logoILMN19.4% margin vs GH's -40.1%
Stability / SafetyEXAS logoEXASBeta 0.12 vs CAI's 1.60
DividendsTieNone of these 5 stocks pay a meaningful dividend
Momentum (1Y)GH logoGH+132.2% vs CAI's -29.1%
Efficiency (ROA)ILMN logoILMN13.4% ROA vs GH's -26.5%, ROIC 16.8% vs -34.9%

CAI vs EXAS vs ILMN vs NTRA vs GH — Revenue Breakdown by Segment

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

CAICaris Life Sciences, Inc.

Segment breakdown not available.

EXASExact Sciences Corporation
FY 2025
Screening
77.9%$2.5B
Precision Oncology
22.1%$717M
ILMNIllumina, Inc.
FY 2025
Sequencing
91.8%$4.0B
Microarray
8.2%$358M
NTRANatera, Inc.
FY 2025
Product
99.6%$2.3B
Licensing and other
0.4%$10M
GHGuardant Health, Inc.
FY 2025
Oncology
69.6%$684M
Biopharma & Data
21.4%$210M
Screening
8.1%$80M
Licensing & Other
0.9%$9M

CAI vs EXAS vs ILMN vs NTRA vs GH — Financial Metrics

Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLILMNLAGGINGGH

Income & Cash Flow (Last 12 Months)

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

ILMN is the larger business by revenue, generating $4.4B annually — 4.8x CAI's $907M. ILMN is the more profitable business, keeping 19.4% of every revenue dollar as net income compared to GH's -40.1%. On growth, CAI holds the edge at +78.8% YoY revenue growth, suggesting stronger near-term business momentum.

MetricCAI logoCAICaris Life Scienc…EXAS logoEXASExact Sciences Co…ILMN logoILMNIllumina, Inc.NTRA logoNTRANatera, Inc.GH logoGHGuardant Health, …
RevenueTrailing 12 months$907M$3.2B$4.4B$2.3B$1.1B
EBITDAEarnings before interest/tax$127M-$41M$1.1B-$310M-$418M
Net IncomeAfter-tax profit$34M-$208M$853M-$208M-$433M
Free Cash FlowCash after capex$89M$357M$989M$97M-$225M
Gross MarginGross profit ÷ Revenue+53.1%+69.7%+67.1%+64.8%+64.9%
Operating MarginEBIT ÷ Revenue+11.9%-6.4%+20.9%-13.4%-41.4%
Net MarginNet income ÷ Revenue+3.7%-6.4%+19.4%-9.0%-40.1%
FCF MarginFCF ÷ Revenue+9.9%+11.0%+22.5%+4.2%-20.8%
Rev. Growth (YoY)Latest quarter vs prior year+78.8%+23.1%+4.8%+39.8%+48.3%
EPS Growth (YoY)Latest quarter vs prior year+99.6%+90.4%+6.1%+185.4%-10.4%
ILMN leads this category, winning 3 of 6 comparable metrics.

Valuation Metrics

ILMN leads this category, winning 5 of 6 comparable metrics.

On an enterprise value basis, ILMN's 19.6x EV/EBITDA is more attractive than CAI's 76.6x.

MetricCAI logoCAICaris Life Scienc…EXAS logoEXASExact Sciences Co…ILMN logoILMNIllumina, Inc.NTRA logoNTRANatera, Inc.GH logoGHGuardant Health, …
Market CapShares × price$5.6B$20.0B$21.1B$31.2B$12.1B
Enterprise ValueMkt cap + debt − cash$5.2B$21.6B$22.2B$30.3B$13.4B
Trailing P/EPrice ÷ TTM EPS-10.44x-95.37x25.45x-144.62x-27.79x
Forward P/EPrice ÷ next-FY EPS est.164.65x582.83x26.77x
PEG RatioP/E ÷ EPS growth rate6.01x
EV / EBITDAEnterprise value multiple76.59x19.58x
Price / SalesMarket cap ÷ Revenue6.90x6.16x4.86x13.51x12.32x
Price / BookPrice ÷ Book value/share57.46x8.24x7.95x17.55x
Price / FCFMarket cap ÷ FCF83.80x56.10x22.63x285.53x
ILMN leads this category, winning 5 of 6 comparable metrics.

Profitability & Efficiency

ILMN leads this category, winning 5 of 9 comparable metrics.

ILMN delivers a 32.8% return on equity — every $100 of shareholder capital generates $33 in annual profit, vs $-15 for NTRA. NTRA carries lower financial leverage with a 0.13x debt-to-equity ratio, signaling a more conservative balance sheet compared to EXAS's 1.05x. On the Piotroski fundamental quality scale (0–9), ILMN scores 8/9 vs GH's 5/9, reflecting strong financial health.

MetricCAI logoCAICaris Life Scienc…EXAS logoEXASExact Sciences Co…ILMN logoILMNIllumina, Inc.NTRA logoNTRANatera, Inc.GH logoGHGuardant Health, …
ROE (TTM)Return on equity+6.5%-8.7%+32.8%-15.3%
ROA (TTM)Return on assets+3.2%-3.5%+13.4%-10.6%-26.5%
ROICReturn on invested capital+21.3%-3.6%+16.8%-36.1%-34.9%
ROCEReturn on capital employed+7.7%-4.0%+17.6%-18.3%-29.4%
Piotroski ScoreFundamental quality 0–967855
Debt / EquityFinancial leverage0.66x1.05x0.94x0.13x
Net DebtTotal debt minus cash-$419M$1.6B$1.1B-$862M$1.3B
Cash & Equiv.Liquid assets$798M$956M$1.4B$1.1B$378M
Total DebtShort + long-term debt$379M$2.5B$2.6B$214M$1.7B
Interest CoverageEBIT ÷ Interest expense3.22x-5.47x12.09x-25.21x-181.67x
ILMN leads this category, winning 5 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in NTRA five years ago would be worth $21,587 today (with dividends reinvested), compared to $3,717 for ILMN. Over the past 12 months, GH leads with a +132.2% total return vs CAI's -29.1%. The 3-year compound annual growth rate (CAGR) favors NTRA at 60.6% vs CAI's -10.8% — a key indicator of consistent wealth creation.

MetricCAI logoCAICaris Life Scienc…EXAS logoEXASExact Sciences Co…ILMN logoILMNIllumina, Inc.NTRA logoNTRANatera, Inc.GH logoGHGuardant Health, …
YTD ReturnYear-to-date-26.5%+3.1%+3.2%-3.9%-9.3%
1-Year ReturnPast 12 months-29.1%+96.9%+81.7%+37.3%+132.2%
3-Year ReturnCumulative with dividends-29.1%+53.0%-27.1%+314.0%+292.1%
5-Year ReturnCumulative with dividends-29.1%+0.4%-62.8%+115.9%-31.9%
10-Year ReturnCumulative with dividends-29.1%+1669.1%+0.7%+2089.4%+186.5%
CAGR (3Y)Annualised 3-year return-10.8%+15.2%-10.0%+60.6%+57.7%
NTRA 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 CAI's 1.60 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 CAI's 46.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricCAI logoCAICaris Life Scienc…EXAS logoEXASExact Sciences Co…ILMN logoILMNIllumina, Inc.NTRA logoNTRANatera, Inc.GH logoGHGuardant Health, …
Beta (5Y)Sensitivity to S&P 5001.46x0.05x1.23x1.17x0.86x
52-Week HighHighest price in past year$42.50$104.98$155.53$256.36$120.74
52-Week LowLowest price in past year$16.28$38.81$73.86$131.81$36.36
% of 52W HighCurrent price vs 52-week peak+46.7%+99.9%+89.2%+85.7%+76.4%
RSI (14)Momentum oscillator 0–10048.676.465.257.155.9
Avg Volume (50D)Average daily shares traded2.2M4.2M1.5M1.3M1.9M
EXAS leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Analyst consensus: CAI as "Buy", EXAS as "Buy", ILMN as "Buy", NTRA as "Buy", GH as "Buy". Consensus price targets imply 44.9% upside for CAI (target: $29) vs -1.6% for EXAS (target: $103).

MetricCAI logoCAICaris Life Scienc…EXAS logoEXASExact Sciences Co…ILMN logoILMNIllumina, Inc.NTRA logoNTRANatera, Inc.GH logoGHGuardant Health, …
Analyst RatingConsensus buy/hold/sellBuyBuyBuyBuyBuy
Price TargetConsensus 12-month target$28.75$103.18$147.38$262.50$133.14
# AnalystsCovering analysts641502730
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises4
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap+0.0%+0.1%+3.5%0.0%+0.1%
Insufficient data to determine a leader in this category.
Key Takeaway

ILMN leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). NTRA leads in 1 (Total Returns).

Best OverallIllumina, Inc. (ILMN)Leads 3 of 6 categories
Loading custom metrics...

CAI vs EXAS vs ILMN vs NTRA vs GH: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is CAI or EXAS or ILMN or NTRA or GH a better buy right now?

For growth investors, Caris Life Sciences, Inc.

(CAI) is the stronger pick with 97. 0% revenue growth year-over-year, versus -0. 8% for Illumina, Inc. (ILMN). Illumina, Inc. (ILMN) offers the better valuation at 25. 5x trailing P/E (26. 8x forward), making it the more compelling value choice. Analysts rate Caris Life Sciences, Inc. (CAI) a "Buy" — based on 6 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 — CAI or EXAS or ILMN or NTRA or GH?

On forward P/E, Illumina, Inc.

is actually cheaper at 26. 8x.

03

Which is the better long-term investment — CAI or EXAS or ILMN or NTRA or GH?

Over the past 5 years, Natera, Inc.

(NTRA) delivered a total return of +115. 9%, compared to -62. 8% for Illumina, Inc. (ILMN). Over 10 years, the gap is even starker: NTRA returned +1835% versus CAI's -42. 3%. 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 — CAI or EXAS or ILMN or NTRA or GH?

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

05β versus Caris Life Sciences, Inc. 's 1. 46β — meaning CAI is approximately 2671% more volatile than EXAS relative to the S&P 500. On balance sheet safety, Natera, Inc. (NTRA) carries a lower debt/equity ratio of 13% versus 105% for Exact Sciences Corporation — giving it more financial flexibility in a downturn.

05

Which is growing faster — CAI or EXAS or ILMN or NTRA or GH?

By revenue growth (latest reported year), Caris Life Sciences, Inc.

(CAI) is pulling ahead at 97. 0% versus -0. 8% for Illumina, Inc. (ILMN). On earnings-per-share growth, the picture is similar: Illumina, Inc. grew EPS 170. 9% year-over-year, compared to 0. 7% for Natera, Inc.. Over a 3-year CAGR, CAI leads at 46. 5% 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.

06

Which has better profit margins — CAI or EXAS or ILMN or NTRA or GH?

Illumina, Inc.

(ILMN) is the more profitable company, earning 19. 6% net margin versus -66. 2% for Caris Life Sciences, Inc. — meaning it keeps 19. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ILMN leads at 19. 9% versus -44. 4% for GH. At the gross margin level — before operating expenses — EXAS leads at 69. 7%, 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.

07

Is CAI or EXAS or ILMN or NTRA or GH more undervalued right now?

On forward earnings alone, Illumina, Inc.

(ILMN) trades at 26. 8x forward P/E versus 582. 8x for Exact Sciences Corporation — 556. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CAI: 44. 9% to $28. 75.

08

Which pays a better dividend — CAI or EXAS or ILMN or NTRA or GH?

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.

09

Is CAI or EXAS or ILMN or NTRA or GH 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.

05), +1669% 10Y return). Both have compounded well over 10 years (EXAS: +1669%, CAI: -42. 3%), 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.

10

What are the main differences between CAI and EXAS and ILMN and NTRA and GH?

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: CAI is a small-cap high-growth stock; EXAS is a mid-cap high-growth stock; ILMN is a mid-cap quality compounder stock; NTRA is a mid-cap high-growth stock; GH is a mid-cap high-growth 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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CAI

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  • Sector: Healthcare
  • Market Cap > $100B
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NTRA

High-Growth Disruptor

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GH

High-Growth Disruptor

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 24%
  • Gross Margin > 38%
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