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Stock Comparison

CODX vs FLGT

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

Live fundamentals10-year financials5-year price chart
CODX
Co-Diagnostics, Inc.

Medical - Devices

HealthcareNASDAQ • US
Market Cap$3M
5Y Perf.-85.9%
FLGT
Fulgent Genetics, Inc.

Medical - Diagnostics & Research

HealthcareNASDAQ • US
Market Cap$475M
5Y Perf.-8.4%

CODX vs FLGT — Key Financials

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

Company Snapshot
CODX logoCODX
FLGT logoFLGT
IndustryMedical - DevicesMedical - Diagnostics & Research
Market Cap$3M$475M
Revenue (TTM)$622K$323M
Net Income (TTM)$-47M$-61M
Gross Margin64.3%40.6%
Operating Margin-50.3%-28.2%
Total Debt$1M$476K
Cash & Equiv.$12M$50M

CODX vs FLGTLong-Term Stock Performance

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

CODX
FLGT
StockMay 20May 26Return
Co-Diagnostics, Inc. (CODX)10014.1-85.9%
Fulgent Genetics, I… (FLGT)10091.6-8.4%

Price return only. Dividends and distributions are not included.

Quick Verdict: CODX vs FLGT

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

Bottom line: FLGT leads in 4 of 6 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Co-Diagnostics, Inc. is the stronger pick specifically for recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
CODX
Co-Diagnostics, Inc.
The Momentum Pick

CODX is the clearest fit if your priority is momentum.

  • +6.1% vs FLGT's -14.0%
Best for: momentum
FLGT
Fulgent Genetics, Inc.
The Income Pick

FLGT carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.

  • Dividend streak 1 yrs, beta 0.76
  • Rev growth 13.8%, EPS growth -39.7%, 3Y rev CAGR -19.5%
  • 73.9% 10Y total return vs CODX's -56.5%
Best for: income & stability and growth exposure
See the full category breakdown
CategoryWinnerWhy
GrowthFLGT logoFLGT13.8% revenue growth vs CODX's -84.1%
Quality / MarginsFLGT logoFLGT-18.8% margin vs CODX's -75.3%
Stability / SafetyFLGT logoFLGTBeta 0.76 vs CODX's 1.17, lower leverage
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)CODX logoCODX+6.1% vs FLGT's -14.0%
Efficiency (ROA)FLGT logoFLGT-5.0% ROA vs CODX's -109.6%, ROIC -6.4% vs -73.9%

CODX vs FLGT — Revenue Breakdown by Segment

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

CODXCo-Diagnostics, Inc.
FY 2025
Product
67.2%$418,205
Grant
32.8%$204,284
FLGTFulgent Genetics, Inc.
FY 2025
Laboratory Services
100.0%$322M

CODX vs FLGT — Financial Metrics

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

BEST OVERALLFLGTLAGGINGCODX

Income & Cash Flow (Last 12 Months)

Evenly matched — CODX and FLGT each lead in 3 of 6 comparable metrics.

FLGT is the larger business by revenue, generating $323M annually — 518.4x CODX's $622,489. FLGT is the more profitable business, keeping -18.8% of every revenue dollar as net income compared to CODX's -75.3%. On growth, CODX holds the edge at +76.7% YoY revenue growth, suggesting stronger near-term business momentum.

MetricCODX logoCODXCo-Diagnostics, I…FLGT logoFLGTFulgent Genetics,…
RevenueTrailing 12 months$622,489$323M
EBITDAEarnings before interest/tax-$30M-$67M
Net IncomeAfter-tax profit-$47M-$61M
Free Cash FlowCash after capex-$30M-$124M
Gross MarginGross profit ÷ Revenue+64.3%+40.6%
Operating MarginEBIT ÷ Revenue-50.3%-28.2%
Net MarginNet income ÷ Revenue-75.3%-18.8%
FCF MarginFCF ÷ Revenue-47.9%-38.5%
Rev. Growth (YoY)Latest quarter vs prior year+76.7%+9.3%
EPS Growth (YoY)Latest quarter vs prior year-65.2%-3.0%
Evenly matched — CODX and FLGT each lead in 3 of 6 comparable metrics.

Valuation Metrics

FLGT leads this category, winning 2 of 3 comparable metrics.
MetricCODX logoCODXCo-Diagnostics, I…FLGT logoFLGTFulgent Genetics,…
Market CapShares × price$3M$475M
Enterprise ValueMkt cap + debt − cash-$8M$425M
Trailing P/EPrice ÷ TTM EPS-0.07x-8.10x
Forward P/EPrice ÷ next-FY EPS est.
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple
Price / SalesMarket cap ÷ Revenue4.54x1.47x
Price / BookPrice ÷ Book value/share0.16x0.44x
Price / FCFMarket cap ÷ FCF
FLGT leads this category, winning 2 of 3 comparable metrics.

Profitability & Efficiency

FLGT leads this category, winning 8 of 8 comparable metrics.

FLGT delivers a -5.4% return on equity — every $100 of shareholder capital generates $-5 in annual profit, vs $-125 for CODX. FLGT carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to CODX's 0.06x. On the Piotroski fundamental quality scale (0–9), FLGT scores 4/9 vs CODX's 1/9, reflecting mixed financial health.

MetricCODX logoCODXCo-Diagnostics, I…FLGT logoFLGTFulgent Genetics,…
ROE (TTM)Return on equity-125.5%-5.4%
ROA (TTM)Return on assets-109.6%-5.0%
ROICReturn on invested capital-73.9%-6.4%
ROCEReturn on capital employed-80.3%-8.0%
Piotroski ScoreFundamental quality 0–914
Debt / EquityFinancial leverage0.06x0.00x
Net DebtTotal debt minus cash-$11M-$50M
Cash & Equiv.Liquid assets$12M$50M
Total DebtShort + long-term debt$1M$476,000
Interest CoverageEBIT ÷ Interest expense-354.75x
FLGT leads this category, winning 8 of 8 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in CODX five years ago would be worth $3,320 today (with dividends reinvested), compared to $2,331 for FLGT. Over the past 12 months, CODX leads with a +612.3% total return vs FLGT's -14.0%. The 3-year compound annual growth rate (CAGR) favors CODX at 22.4% vs FLGT's -21.6% — a key indicator of consistent wealth creation.

MetricCODX logoCODXCo-Diagnostics, I…FLGT logoFLGTFulgent Genetics,…
YTD ReturnYear-to-date-54.5%-37.6%
1-Year ReturnPast 12 months+612.3%-14.0%
3-Year ReturnCumulative with dividends+83.3%-51.8%
5-Year ReturnCumulative with dividends-66.8%-76.7%
10-Year ReturnCumulative with dividends-56.5%+73.9%
CAGR (3Y)Annualised 3-year return+22.4%-21.6%
CODX leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

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

FLGT is the less volatile stock with a 0.76 beta — it tends to amplify market swings less than CODX's 1.17 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FLGT currently trades 51.4% from its 52-week high vs CODX's 39.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricCODX logoCODXCo-Diagnostics, I…FLGT logoFLGTFulgent Genetics,…
Beta (5Y)Sensitivity to S&P 5001.17x0.76x
52-Week HighHighest price in past year$6.35$31.04
52-Week LowLowest price in past year$0.18$13.46
% of 52W HighCurrent price vs 52-week peak+39.8%+51.4%
RSI (14)Momentum oscillator 0–10051.344.8
Avg Volume (50D)Average daily shares traded1.7M699K
FLGT leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Wall Street rates CODX as "Hold" and FLGT as "Buy". Consensus price targets imply 137.2% upside for CODX (target: $6) vs 59.8% for FLGT (target: $26).

MetricCODX logoCODXCo-Diagnostics, I…FLGT logoFLGTFulgent Genetics,…
Analyst RatingConsensus buy/hold/sellHoldBuy
Price TargetConsensus 12-month target$6.00$25.50
# AnalystsCovering analysts59
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises1
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%+2.3%
Insufficient data to determine a leader in this category.
Key Takeaway

FLGT leads in 3 of 6 categories (Valuation Metrics, Profitability & Efficiency). CODX leads in 1 (Total Returns). 1 tied.

Best OverallFulgent Genetics, Inc. (FLGT)Leads 3 of 6 categories
Loading custom metrics...

CODX vs FLGT: Frequently Asked Questions

8 questions · data-driven answers · updated daily

01

Is CODX or FLGT a better buy right now?

For growth investors, Fulgent Genetics, Inc.

(FLGT) is the stronger pick with 13. 8% revenue growth year-over-year, versus -84. 1% for Co-Diagnostics, Inc. (CODX). Analysts rate Fulgent Genetics, Inc. (FLGT) a "Buy" — based on 9 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 — CODX or FLGT?

Over the past 5 years, Co-Diagnostics, Inc.

(CODX) delivered a total return of -66. 8%, compared to -76. 7% for Fulgent Genetics, Inc. (FLGT). Over 10 years, the gap is even starker: FLGT returned +73. 9% versus CODX's -56. 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 — CODX or FLGT?

By beta (market sensitivity over 5 years), Fulgent Genetics, Inc.

(FLGT) is the lower-risk stock at 0. 76β versus Co-Diagnostics, Inc. 's 1. 17β — meaning CODX is approximately 52% more volatile than FLGT relative to the S&P 500. On balance sheet safety, Fulgent Genetics, Inc. (FLGT) carries a lower debt/equity ratio of 0% versus 6% for Co-Diagnostics, Inc. — giving it more financial flexibility in a downturn.

04

Which is growing faster — CODX or FLGT?

By revenue growth (latest reported year), Fulgent Genetics, Inc.

(FLGT) is pulling ahead at 13. 8% versus -84. 1% for Co-Diagnostics, Inc. (CODX). On earnings-per-share growth, the picture is similar: Co-Diagnostics, Inc. grew EPS 5. 2% year-over-year, compared to -39. 7% for Fulgent Genetics, Inc.. Over a 3-year CAGR, FLGT leads at -19. 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.

05

Which has better profit margins — CODX or FLGT?

Fulgent Genetics, Inc.

(FLGT) is the more profitable company, earning -18. 8% net margin versus -75. 3% for Co-Diagnostics, Inc. — meaning it keeps -18. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FLGT leads at -28. 2% versus -50. 3% for CODX. At the gross margin level — before operating expenses — CODX leads at 64. 3%, 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

Which pays a better dividend — CODX or FLGT?

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.

07

Is CODX or FLGT better for a retirement portfolio?

For long-horizon retirement investors, Fulgent Genetics, Inc.

(FLGT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 76)). Both have compounded well over 10 years (FLGT: +73. 9%, CODX: -56. 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.

08

What are the main differences between CODX and FLGT?

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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CODX

High-Growth Disruptor

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

Quality Business

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 5%
  • Gross Margin > 24%
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