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CASI vs CAN vs MARA vs ZLAB
Revenue, margins, valuation, and 5-year total return — side by side.
Computer Hardware
Financial - Capital Markets
Biotechnology
CASI vs CAN vs MARA vs ZLAB — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Biotechnology | Computer Hardware | Financial - Capital Markets | Biotechnology |
| Market Cap | $2M | $331M | $4.83B | $2.19B |
| Revenue (TTM) | $27M | $530M | $907M | $460M |
| Net Income (TTM) | $-49M | $-210M | $-1.31B | $-176M |
| Gross Margin | 35.8% | 7.8% | -47.7% | 58.5% |
| Operating Margin | -168.0% | -21.0% | -90.6% | -49.9% |
| Total Debt | $22M | $55M | $3.65B | $224M |
| Cash & Equiv. | $13M | $81M | $547M | $680M |
CASI vs CAN vs MARA vs ZLAB — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | Mar 26 | Return |
|---|---|---|---|
| CASI Pharmaceutical… (CASI) | 100 | 0.6 | -99.4% |
| Canaan Inc. (CAN) | 100 | 20.9 | -79.1% |
| Marathon Digital Ho… (MARA) | 100 | 1277.1 | +1177.1% |
| Zai Lab Limited (ZLAB) | 100 | 25.8 | -74.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CASI vs CAN vs MARA vs ZLAB
Each card shows where this stock fits in a portfolio — not just who wins on paper.
CASI is the #2 pick in this set and the best alternative if dividends is your priority.
- 31.1% yield; the other 3 pay no meaningful dividend
CAN is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 1 yrs, beta 4.41
- Rev growth 96.7%, EPS growth 51.1%, 3Y rev CAGR -6.7%
- 96.7% revenue growth vs CASI's -15.8%
MARA is the clearest fit if your priority is momentum.
- -4.7% vs CASI's -91.2%
ZLAB carries the broadest edge in this set and is the clearest fit for long-term compounding and sleep-well-at-night.
- -29.2% 10Y total return vs MARA's -51.6%
- Lower volatility, beta 1.21, Low D/E 31.3%, current ratio 2.45x
- Beta 1.21, current ratio 2.45x
- -38.1% margin vs CASI's -183.9%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 96.7% revenue growth vs CASI's -15.8% | |
| Quality / Margins | -38.1% margin vs CASI's -183.9% | |
| Stability / Safety | Beta 1.21 vs CAN's 4.41 | |
| Dividends | 31.1% yield; the other 3 pay no meaningful dividend | |
| Momentum (1Y) | -4.7% vs CASI's -91.2% | |
| Efficiency (ROA) | -15.0% ROA vs CASI's -131.5%, ROIC -42.8% vs -153.0% |
CASI vs CAN vs MARA vs ZLAB — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
CASI vs CAN vs MARA vs ZLAB — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
CAN leads in 2 of 6 categories
MARA leads 1 • CASI leads 0 • ZLAB leads 0 • 3 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
CAN leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
MARA is the larger business by revenue, generating $907M annually — 33.8x CASI's $27M. ZLAB is the more profitable business, keeping -38.1% of every revenue dollar as net income compared to CASI's -183.9%. On growth, CAN holds the edge at +121.1% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $27M | $530M | $907M | $460M |
| EBITDAEarnings before interest/tax | -$44M | -$66M | $627M | -$214M |
| Net IncomeAfter-tax profit | -$49M | -$210M | -$1.3B | -$176M |
| Free Cash FlowCash after capex | $0 | $0 | -$312M | -$159M |
| Gross MarginGross profit ÷ Revenue | +35.8% | +7.8% | -47.7% | +58.5% |
| Operating MarginEBIT ÷ Revenue | -168.0% | -21.0% | -90.6% | -49.9% |
| Net MarginNet income ÷ Revenue | -183.9% | -39.7% | -144.6% | -38.1% |
| FCF MarginFCF ÷ Revenue | -103.2% | — | -34.4% | -34.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | -60.5% | +121.1% | — | +17.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -23.6% | +59.4% | -4.8% | +42.5% |
Valuation Metrics
Evenly matched — CASI and CAN and ZLAB each lead in 1 of 3 comparable metrics.
Valuation Metrics
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $2M | $331M | $4.8B | $2.2B |
| Enterprise ValueMkt cap + debt − cash | $11M | $305M | $7.9B | $1.7B |
| Trailing P/EPrice ÷ TTM EPS | -0.06x | -1.14x | -3.44x | -12.35x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — |
| EV / EBITDAEnterprise value multiple | — | — | — | — |
| Price / SalesMarket cap ÷ Revenue | 0.08x | 0.62x | 5.32x | 4.75x |
| Price / BookPrice ÷ Book value/share | 1.25x | 0.55x | 1.30x | 3.03x |
| Price / FCFMarket cap ÷ FCF | — | — | — | — |
Profitability & Efficiency
Evenly matched — MARA and ZLAB each lead in 3 of 9 comparable metrics.
Profitability & Efficiency
ZLAB delivers a -22.8% return on equity — every $100 of shareholder capital generates $-23 in annual profit, vs $-3 for CASI. CAN carries lower financial leverage with a 0.13x debt-to-equity ratio, signaling a more conservative balance sheet compared to CASI's 11.96x. On the Piotroski fundamental quality scale (0–9), CAN scores 6/9 vs CASI's 2/9, reflecting solid financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | -3.0% | -48.1% | -30.5% | -22.8% |
| ROA (TTM)Return on assets | -131.5% | -34.9% | -17.1% | -15.0% |
| ROICReturn on invested capital | -153.0% | -24.9% | -9.0% | -42.8% |
| ROCEReturn on capital employed | -104.6% | -29.7% | -12.1% | -27.9% |
| Piotroski ScoreFundamental quality 0–9 | 2 | 6 | 3 | 3 |
| Debt / EquityFinancial leverage | 11.96x | 0.13x | 1.05x | 0.31x |
| Net DebtTotal debt minus cash | $9M | -$26M | $3.1B | -$455M |
| Cash & Equiv.Liquid assets | $13M | $81M | $547M | $680M |
| Total DebtShort + long-term debt | $22M | $55M | $3.6B | $224M |
| Interest CoverageEBIT ÷ Interest expense | -66.88x | -104.52x | 4.73x | -33.25x |
Total Returns (Dividends Reinvested)
MARA leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in MARA five years ago would be worth $4,054 today (with dividends reinvested), compared to $94 for CASI. Over the past 12 months, MARA leads with a -4.7% total return vs CASI's -91.2%. The 3-year compound annual growth rate (CAGR) favors MARA at 10.8% vs CASI's -60.8% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | -81.6% | -33.1% | +28.2% | +14.1% |
| 1-Year ReturnPast 12 months | -91.2% | -14.1% | -4.7% | -30.3% |
| 3-Year ReturnCumulative with dividends | -94.0% | -79.3% | +36.1% | -46.6% |
| 5-Year ReturnCumulative with dividends | -99.1% | -92.3% | -59.5% | -87.5% |
| 10-Year ReturnCumulative with dividends | -99.0% | -90.1% | -51.6% | -29.2% |
| CAGR (3Y)Annualised 3-year return | -60.8% | -40.9% | +10.8% | -18.9% |
Risk & Volatility
Evenly matched — CASI and MARA each lead in 1 of 2 comparable metrics.
Risk & Volatility
CASI is the less volatile stock with a -0.12 beta — it tends to amplify market swings less than CAN's 4.41 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MARA currently trades 54.2% from its 52-week high vs CASI's 4.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | -0.12x | 4.41x | 3.11x | 1.21x |
| 52-Week HighHighest price in past year | $3.09 | $2.22 | $23.45 | $44.34 |
| 52-Week LowLowest price in past year | $0.05 | $0.39 | $6.66 | $15.96 |
| % of 52W HighCurrent price vs 52-week peak | +4.9% | +23.2% | +54.2% | +44.6% |
| RSI (14)Momentum oscillator 0–100 | 24.2 | 58.4 | 69.6 | 47.7 |
| Avg Volume (50D)Average daily shares traded | 146K | 9.7M | 47.6M | 729K |
Analyst Outlook
CAN leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: CAN as "Buy", MARA as "Buy", ZLAB as "Buy". Consensus price targets imply 336.9% upside for CAN (target: $2) vs 27.0% for MARA (target: $16). CASI is the only dividend payer here at 31.10% yield — a key consideration for income-focused portfolios.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | — | $2.25 | $16.13 | $35.00 |
| # AnalystsCovering analysts | — | 6 | 19 | 11 |
| Dividend YieldAnnual dividend ÷ price | +31.1% | — | — | — |
| Dividend StreakConsecutive years of raises | 0 | 1 | — | — |
| Dividend / ShareAnnual DPS | $0.05 | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | +1.0% | 0.0% |
CAN leads in 2 of 6 categories (Income & Cash Flow, Analyst Outlook). MARA leads in 1 (Total Returns). 3 tied.
CASI vs CAN vs MARA vs ZLAB: Key Questions Answered
8 questions · data-driven answers · updated daily
01Is CASI or CAN or MARA or ZLAB a better buy right now?
For growth investors, Canaan Inc.
(CAN) is the stronger pick with 96. 7% revenue growth year-over-year, versus -15. 8% for CASI Pharmaceuticals, Inc. (CASI). Analysts rate Canaan Inc. (CAN) 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.
02Which is the better long-term investment — CASI or CAN or MARA or ZLAB?
Over the past 5 years, Marathon Digital Holdings, Inc.
(MARA) delivered a total return of -59. 5%, compared to -99. 1% for CASI Pharmaceuticals, Inc. (CASI). Over 10 years, the gap is even starker: ZLAB returned -29. 2% versus CASI's -99. 0%. 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 — CASI or CAN or MARA or ZLAB?
By beta (market sensitivity over 5 years), CASI Pharmaceuticals, Inc.
(CASI) is the lower-risk stock at -0. 12β versus Canaan Inc. 's 4. 41β — meaning CAN is approximately -3697% more volatile than CASI relative to the S&P 500. On balance sheet safety, Canaan Inc. (CAN) carries a lower debt/equity ratio of 13% versus 12% for CASI Pharmaceuticals, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — CASI or CAN or MARA or ZLAB?
By revenue growth (latest reported year), Canaan Inc.
(CAN) is pulling ahead at 96. 7% versus -15. 8% for CASI Pharmaceuticals, Inc. (CASI). On earnings-per-share growth, the picture is similar: Canaan Inc. grew EPS 51. 1% year-over-year, compared to -314. 5% for Marathon Digital Holdings, Inc.. Over a 3-year CAGR, ZLAB leads at 28. 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.
05Which has better profit margins — CASI or CAN or MARA or ZLAB?
Zai Lab Limited (ZLAB) is the more profitable company, earning -38.
1% net margin versus -144. 6% for Marathon Digital Holdings, Inc. — meaning it keeps -38. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CAN leads at -21. 2% versus -138. 8% for CASI. At the gross margin level — before operating expenses — ZLAB leads at 58. 6%, 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 — CASI or CAN or MARA or ZLAB?
In this comparison, CASI (31.
1% yield) pays a dividend. CAN, MARA, ZLAB do not pay a meaningful dividend and should not be held primarily for income.
07Is CASI or CAN or MARA or ZLAB better for a retirement portfolio?
For long-horizon retirement investors, CASI Pharmaceuticals, Inc.
(CASI) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0. 12), 31. 1% yield). Canaan Inc. (CAN) carries a higher beta of 4. 41 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (CASI: -99. 0%, CAN: -90. 1%), 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 CASI and CAN and MARA and ZLAB?
These companies operate in different sectors (CASI (Healthcare) and CAN (Technology) and MARA (Financial Services) and ZLAB (Healthcare)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: CASI is a small-cap income-oriented stock; CAN is a small-cap high-growth stock; MARA is a small-cap high-growth stock; ZLAB is a small-cap high-growth stock. CASI pays a dividend while CAN, MARA, ZLAB do not, making them suitable for different income and tax situations. 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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