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CVAC vs DBVT vs IMVT vs NVAX
Revenue, margins, valuation, and 5-year total return — side by side.
Biotechnology
Biotechnology
Biotechnology
CVAC vs DBVT vs IMVT vs NVAX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Biotechnology | Biotechnology | Biotechnology | Biotechnology |
| Market Cap | $1.05B | $1712.35T | $5.53B | $1.50B |
| Revenue (TTM) | $511M | $0.00 | $0.00 | $596M |
| Net Income (TTM) | $194M | $-168M | $-464M | $-88M |
| Gross Margin | 94.8% | — | — | 84.6% |
| Operating Margin | 40.8% | — | — | -11.2% |
| Forward P/E | 6.5x | — | — | 3.6x |
| Total Debt | $39M | $22M | $98K | $249M |
| Cash & Equiv. | $482M | $194M | $714M | $241M |
CVAC vs DBVT vs IMVT vs NVAX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Aug 20 | Jan 26 | Return |
|---|---|---|---|
| CureVac N.V. (CVAC) | 100 | 8.5 | -91.5% |
| DBV Technologies S.… (DBVT) | 100 | 88.8 | -11.3% |
| Immunovant, Inc. (IMVT) | 100 | 74.9 | -25.1% |
| Novavax, Inc. (NVAX) | 100 | 6.1 | -93.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CVAC vs DBVT vs IMVT vs NVAX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
CVAC carries the broadest edge in this set and is the clearest fit for growth exposure and sleep-well-at-night.
- Rev growth 9.0%, EPS growth 161.0%, 3Y rev CAGR 73.2%
- Lower volatility, beta 1.23, Low D/E 5.6%, current ratio 7.28x
- Beta 1.23, current ratio 7.28x
- 9.0% revenue growth vs DBVT's -100.0%
DBVT is the #2 pick in this set and the best alternative if income & stability is your priority.
- Dividend streak 0 yrs, beta 1.26
- +110.4% vs CVAC's +34.3%
IMVT is the clearest fit if your priority is long-term compounding.
- 173.6% 10Y total return vs DBVT's -87.0%
NVAX is the clearest fit if your priority is value.
- Better valuation composite
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 9.0% revenue growth vs DBVT's -100.0% | |
| Value | Better valuation composite | |
| Quality / Margins | 37.9% margin vs NVAX's -14.7% | |
| Stability / Safety | Beta 1.23 vs NVAX's 2.11 | |
| Dividends | Tie | None of these 4 stocks pay a meaningful dividend |
| Momentum (1Y) | +110.4% vs CVAC's +34.3% | |
| Efficiency (ROA) | 28.1% ROA vs DBVT's -89.0% |
CVAC vs DBVT vs IMVT vs NVAX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Segment breakdown not available.
CVAC vs DBVT vs IMVT vs NVAX — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
CVAC leads in 2 of 6 categories
NVAX leads 2 • IMVT leads 1 • DBVT leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
CVAC leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
NVAX and IMVT operate at a comparable scale, with $596M and $0 in trailing revenue. CVAC is the more profitable business, keeping 37.9% of every revenue dollar as net income compared to NVAX's -14.7%. On growth, NVAX holds the edge at -79.1% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $511M | $0 | $0 | $596M |
| EBITDAEarnings before interest/tax | $226M | -$112M | -$487M | -$47M |
| Net IncomeAfter-tax profit | $194M | -$168M | -$464M | -$88M |
| Free Cash FlowCash after capex | $196M | -$151M | -$423M | -$96M |
| Gross MarginGross profit ÷ Revenue | +94.8% | — | — | +84.6% |
| Operating MarginEBIT ÷ Revenue | +40.8% | — | — | -11.2% |
| Net MarginNet income ÷ Revenue | +37.9% | — | — | -14.7% |
| FCF MarginFCF ÷ Revenue | +38.4% | — | — | -16.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | -91.4% | — | — | -79.1% |
| EPS Growth (YoY)Latest quarter vs prior year | +18.8% | +91.5% | +19.7% | -102.0% |
Valuation Metrics
NVAX leads this category, winning 2 of 4 comparable metrics.
Valuation Metrics
At 3.6x trailing earnings, NVAX trades at a 44% valuation discount to CVAC's 6.5x P/E. On an enterprise value basis, NVAX's 2.6x EV/EBITDA is more attractive than CVAC's 3.1x.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $1.0B | $1712.35T | $5.5B | $1.5B |
| Enterprise ValueMkt cap + debt − cash | $607M | $1712.35T | $4.8B | $1.5B |
| Trailing P/EPrice ÷ TTM EPS | 6.47x | -0.76x | -9.97x | 3.63x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — |
| EV / EBITDAEnterprise value multiple | 3.09x | — | — | 2.56x |
| Price / SalesMarket cap ÷ Revenue | 1.96x | — | — | 1.34x |
| Price / BookPrice ÷ Book value/share | 1.51x | 0.66x | 5.83x | — |
| Price / FCFMarket cap ÷ FCF | 12.58x | — | — | — |
Profitability & Efficiency
CVAC leads this category, winning 4 of 8 comparable metrics.
Profitability & Efficiency
CVAC delivers a 33.0% return on equity — every $100 of shareholder capital generates $33 in annual profit, vs $-130 for DBVT. IMVT carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to DBVT's 0.13x. On the Piotroski fundamental quality scale (0–9), CVAC scores 7/9 vs IMVT's 2/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +33.0% | -130.2% | -47.1% | — |
| ROA (TTM)Return on assets | +28.1% | -89.0% | -44.1% | -7.4% |
| ROICReturn on invested capital | +65.0% | — | — | — |
| ROCEReturn on capital employed | +26.7% | -145.7% | -66.1% | +100.4% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 4 | 2 | 5 |
| Debt / EquityFinancial leverage | 0.06x | 0.13x | 0.00x | — |
| Net DebtTotal debt minus cash | -$443M | -$172M | -$714M | $8M |
| Cash & Equiv.Liquid assets | $482M | $194M | $714M | $241M |
| Total DebtShort + long-term debt | $39M | $22M | $98,000 | $249M |
| Interest CoverageEBIT ÷ Interest expense | 547.87x | -189.82x | — | -5.10x |
Total Returns (Dividends Reinvested)
IMVT leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in IMVT five years ago would be worth $16,241 today (with dividends reinvested), compared to $464 for CVAC. Over the past 12 months, DBVT leads with a +110.4% total return vs CVAC's +34.3%. The 3-year compound annual growth rate (CAGR) favors IMVT at 12.1% vs CVAC's -18.0% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | -0.2% | +4.9% | +5.1% | +29.5% |
| 1-Year ReturnPast 12 months | +34.3% | +110.4% | +96.1% | +55.1% |
| 3-Year ReturnCumulative with dividends | -44.9% | +19.7% | +40.9% | +23.9% |
| 5-Year ReturnCumulative with dividends | -95.4% | -69.1% | +62.4% | -94.8% |
| 10-Year ReturnCumulative with dividends | -91.7% | -87.0% | +173.6% | -90.4% |
| CAGR (3Y)Annualised 3-year return | -18.0% | +6.2% | +12.1% | +7.4% |
Risk & Volatility
Evenly matched — CVAC and IMVT each lead in 1 of 2 comparable metrics.
Risk & Volatility
CVAC is the less volatile stock with a 1.23 beta — it tends to amplify market swings less than NVAX's 2.11 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. IMVT currently trades 90.5% from its 52-week high vs DBVT's 76.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.23x | 1.26x | 1.37x | 2.11x |
| 52-Week HighHighest price in past year | $5.72 | $26.18 | $30.09 | $11.97 |
| 52-Week LowLowest price in past year | $3.32 | $7.53 | $13.36 | $5.80 |
| % of 52W HighCurrent price vs 52-week peak | +81.5% | +76.3% | +90.5% | +77.1% |
| RSI (14)Momentum oscillator 0–100 | 47.8 | 48.1 | 60.2 | 64.4 |
| Avg Volume (50D)Average daily shares traded | 0 | 252K | 1.4M | 4.4M |
Analyst Outlook
NVAX leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: CVAC as "Hold", DBVT as "Buy", IMVT as "Buy", NVAX as "Buy". Consensus price targets imply 350.6% upside for CVAC (target: $21) vs 67.2% for IMVT (target: $46).
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $21.00 | $46.33 | $45.50 | $18.00 |
| # AnalystsCovering analysts | 8 | 15 | 23 | 23 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | — |
| Dividend StreakConsecutive years of raises | — | 0 | — | 1 |
| Dividend / ShareAnnual DPS | — | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | 0.0% | +0.3% |
CVAC leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). NVAX leads in 2 (Valuation Metrics, Analyst Outlook). 1 tied.
CVAC vs DBVT vs IMVT vs NVAX: Key Questions Answered
9 questions · data-driven answers · updated daily
01Is CVAC or DBVT or IMVT or NVAX a better buy right now?
For growth investors, CureVac N.
V. (CVAC) is the stronger pick with 895. 5% revenue growth year-over-year, versus 64. 7% for Novavax, Inc. (NVAX). Novavax, Inc. (NVAX) offers the better valuation at 3. 6x trailing P/E, making it the more compelling value choice. Analysts rate DBV Technologies S. A. (DBVT) 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 has the better valuation — CVAC or DBVT or IMVT or NVAX?
On trailing P/E, Novavax, Inc.
(NVAX) is the cheapest at 3. 6x versus CureVac N. V. at 6. 5x.
03Which is the better long-term investment — CVAC or DBVT or IMVT or NVAX?
Over the past 5 years, Immunovant, Inc.
(IMVT) delivered a total return of +62. 4%, compared to -95. 4% for CureVac N. V. (CVAC). Over 10 years, the gap is even starker: IMVT returned +173. 6% versus CVAC's -91. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — CVAC or DBVT or IMVT or NVAX?
By beta (market sensitivity over 5 years), CureVac N.
V. (CVAC) is the lower-risk stock at 1. 23β versus Novavax, Inc. 's 2. 11β — meaning NVAX is approximately 71% more volatile than CVAC relative to the S&P 500. On balance sheet safety, Immunovant, Inc. (IMVT) carries a lower debt/equity ratio of 0% versus 13% for DBV Technologies S. A. — giving it more financial flexibility in a downturn.
05Which is growing faster — CVAC or DBVT or IMVT or NVAX?
By revenue growth (latest reported year), CureVac N.
V. (CVAC) is pulling ahead at 895. 5% versus 64. 7% for Novavax, Inc. (NVAX). On earnings-per-share growth, the picture is similar: Novavax, Inc. grew EPS 306. 5% year-over-year, compared to -347. 5% for DBV Technologies S. A.. Over a 3-year CAGR, CVAC leads at 73. 2% 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.
06Which has better profit margins — CVAC or DBVT or IMVT or NVAX?
Novavax, Inc.
(NVAX) is the more profitable company, earning 39. 2% net margin versus 0. 0% for Immunovant, Inc. — meaning it keeps 39. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NVAX leads at 50. 1% versus 0. 0% for IMVT. At the gross margin level — before operating expenses — NVAX leads at 93. 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.
07Which pays a better dividend — CVAC or DBVT or IMVT or NVAX?
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.
08Is CVAC or DBVT or IMVT or NVAX better for a retirement portfolio?
For long-horizon retirement investors, Immunovant, Inc.
(IMVT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+173. 6% 10Y return). Novavax, Inc. (NVAX) carries a higher beta of 2. 11 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (IMVT: +173. 6%, NVAX: -90. 4%), 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.
09What are the main differences between CVAC and DBVT and IMVT and NVAX?
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: CVAC is a small-cap high-growth stock; DBVT is a mega-cap quality compounder stock; IMVT is a small-cap quality compounder stock; NVAX is a small-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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