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Stock Comparison

FBRX vs NUVL vs PRAX vs TARS

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

Live fundamentals10-year financials5-year price chart
FBRX
Forte Biosciences, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$70M
5Y Perf.-96.8%
NUVL
Nuvalent, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$7.74B
5Y Perf.+476.9%
PRAX
Praxis Precision Medicines, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$9.53B
5Y Perf.+41.0%
TARS
Tarsus Pharmaceuticals, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$2.63B
5Y Perf.+171.2%

FBRX vs NUVL vs PRAX vs TARS — Key Financials

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

Company Snapshot
FBRX logoFBRX
NUVL logoNUVL
PRAX logoPRAX
TARS logoTARS
IndustryBiotechnologyBiotechnologyBiotechnologyBiotechnology
Market Cap$70M$7.74B$9.53B$2.63B
Revenue (TTM)$0.00$0.00$0.00$535M
Net Income (TTM)$-52M$-450M$-327M$-48M
Gross Margin90.4%
Operating Margin-9.5%
Total Debt$0.00$0.00$110K$94M
Cash & Equiv.$22M$262M$357M$184M

FBRX vs NUVL vs PRAX vs TARSLong-Term Stock Performance

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

FBRX
NUVL
PRAX
TARS
StockJul 21May 26Return
Forte Biosciences, … (FBRX)1003.2-96.8%
Nuvalent, Inc. (NUVL)100576.9+476.9%
Praxis Precision Me… (PRAX)100141.0+41.0%
Tarsus Pharmaceutic… (TARS)100271.2+171.2%

Price return only. Dividends and distributions are not included.

Quick Verdict: FBRX vs NUVL vs PRAX vs TARS

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

Bottom line: TARS leads in 3 of 6 categories, making it the strongest pick for growth and revenue expansion and capital preservation and lower volatility. Nuvalent, Inc. is the stronger pick specifically for profitability and margin quality. PRAX also leads in specific categories worth noting. As sector peers, any of these can serve as alternatives in the same allocation.
FBRX
Forte Biosciences, Inc.
The Secondary Option

FBRX lags the leaders in this set but could rank higher in a more targeted comparison.

Best for: healthcare exposure
NUVL
Nuvalent, Inc.
The Long-Run Compounder

NUVL is the #2 pick in this set and the best alternative if long-term compounding and defensive is your priority.

  • 461.5% 10Y total return vs TARS's 197.4%
  • Beta 1.01, current ratio 15.27x
  • 3.2% margin vs TARS's -9.0%
Best for: long-term compounding and defensive
PRAX
Praxis Precision Medicines, Inc.
The Defensive Pick

PRAX is the clearest fit if your priority is sleep-well-at-night.

  • Lower volatility, beta 1.40, Low D/E 0.0%, current ratio 10.22x
  • +7.7% vs TARS's +29.8%
Best for: sleep-well-at-night
TARS
Tarsus Pharmaceuticals, Inc.
The Income Pick

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

  • beta 0.66
  • Rev growth 146.7%, EPS growth 48.2%, 3Y rev CAGR 159.5%
  • 146.7% revenue growth vs PRAX's -100.0%
  • Beta 0.66 vs FBRX's 1.47
Best for: income & stability and growth exposure
See the full category breakdown
CategoryWinnerWhy
GrowthTARS logoTARS146.7% revenue growth vs PRAX's -100.0%
Quality / MarginsNUVL logoNUVL3.2% margin vs TARS's -9.0%
Stability / SafetyTARS logoTARSBeta 0.66 vs FBRX's 1.47
DividendsTieNone of these 4 stocks pay a meaningful dividend
Momentum (1Y)PRAX logoPRAX+7.7% vs TARS's +29.8%
Efficiency (ROA)TARS logoTARS-8.9% ROA vs FBRX's -53.3%, ROIC -23.4% vs -102.5%

FBRX vs NUVL vs PRAX vs TARS — Revenue Breakdown by Segment

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

FBRXForte Biosciences, Inc.

Segment breakdown not available.

NUVLNuvalent, Inc.

Segment breakdown not available.

PRAXPraxis Precision Medicines, Inc.
FY 2024
License
76.8%$9M
Upfront Payment
23.2%$3M
TARSTarsus Pharmaceuticals, Inc.
FY 2025
Product
100.0%$451M

FBRX vs NUVL vs PRAX vs TARS — Financial Metrics

Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLFBRXLAGGINGNUVL

Income & Cash Flow (Last 12 Months)

FBRX leads this category, winning 1 of 1 comparable metric.

TARS and PRAX operate at a comparable scale, with $535M and $0 in trailing revenue.

MetricFBRX logoFBRXForte Biosciences…NUVL logoNUVLNuvalent, Inc.PRAX logoPRAXPraxis Precision …TARS logoTARSTarsus Pharmaceut…
RevenueTrailing 12 months$0$0$0$535M
EBITDAEarnings before interest/tax-$53M-$346M-$357M-$49M
Net IncomeAfter-tax profit-$52M-$450M-$327M-$48M
Free Cash FlowCash after capex-$45M-$313M-$283M-$32M
Gross MarginGross profit ÷ Revenue+90.4%
Operating MarginEBIT ÷ Revenue-9.5%
Net MarginNet income ÷ Revenue-9.0%
FCF MarginFCF ÷ Revenue-5.9%
Rev. Growth (YoY)Latest quarter vs prior year+106.9%
EPS Growth (YoY)Latest quarter vs prior year+78.2%-17.8%+2.7%+75.0%
FBRX leads this category, winning 1 of 1 comparable metric.

Valuation Metrics

Evenly matched — FBRX and TARS each lead in 1 of 2 comparable metrics.
MetricFBRX logoFBRXForte Biosciences…NUVL logoNUVLNuvalent, Inc.PRAX logoPRAXPraxis Precision …TARS logoTARSTarsus Pharmaceut…
Market CapShares × price$70M$7.7B$9.5B$2.6B
Enterprise ValueMkt cap + debt − cash$48M$7.5B$9.2B$2.5B
Trailing P/EPrice ÷ TTM EPS-1.97x-18.00x-24.48x-38.50x
Forward P/EPrice ÷ next-FY EPS est.
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple
Price / SalesMarket cap ÷ Revenue5.83x
Price / BookPrice ÷ Book value/share1.33x6.13x8.46x7.45x
Price / FCFMarket cap ÷ FCF
Evenly matched — FBRX and TARS each lead in 1 of 2 comparable metrics.

Profitability & Efficiency

TARS leads this category, winning 6 of 9 comparable metrics.

TARS delivers a -14.2% return on equity — every $100 of shareholder capital generates $-14 in annual profit, vs $-62 for FBRX. PRAX carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to TARS's 0.27x. On the Piotroski fundamental quality scale (0–9), TARS scores 5/9 vs NUVL's 1/9, reflecting solid financial health.

MetricFBRX logoFBRXForte Biosciences…NUVL logoNUVLNuvalent, Inc.PRAX logoPRAXPraxis Precision …TARS logoTARSTarsus Pharmaceut…
ROE (TTM)Return on equity-61.5%-42.8%-43.0%-14.2%
ROA (TTM)Return on assets-53.3%-37.8%-40.2%-8.9%
ROICReturn on invested capital-102.5%-32.5%-65.0%-23.4%
ROCEReturn on capital employed-83.4%-34.4%-49.3%-19.6%
Piotroski ScoreFundamental quality 0–92135
Debt / EquityFinancial leverage0.00x0.27x
Net DebtTotal debt minus cash-$22M-$262M-$357M-$90M
Cash & Equiv.Liquid assets$22M$262M$357M$184M
Total DebtShort + long-term debt$0$0$110,000$94M
Interest CoverageEBIT ÷ Interest expense-26.85x-18.76x
TARS leads this category, winning 6 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in NUVL five years ago would be worth $56,149 today (with dividends reinvested), compared to $303 for FBRX. Over the past 12 months, PRAX leads with a +767.1% total return vs TARS's +29.8%. The 3-year compound annual growth rate (CAGR) favors PRAX at 174.0% vs FBRX's -3.2% — a key indicator of consistent wealth creation.

MetricFBRX logoFBRXForte Biosciences…NUVL logoNUVLNuvalent, Inc.PRAX logoPRAXPraxis Precision …TARS logoTARSTarsus Pharmaceut…
YTD ReturnYear-to-date+1.7%+4.4%+15.2%-24.2%
1-Year ReturnPast 12 months+285.6%+47.0%+767.1%+29.8%
3-Year ReturnCumulative with dividends-9.4%+178.8%+1956.2%+292.6%
5-Year ReturnCumulative with dividends-97.0%+461.5%-14.9%+119.3%
10-Year ReturnCumulative with dividends-99.5%+461.5%-20.9%+197.4%
CAGR (3Y)Annualised 3-year return-3.2%+40.7%+174.0%+57.8%
PRAX leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

Evenly matched — NUVL and TARS each lead in 1 of 2 comparable metrics.

TARS is the less volatile stock with a 0.66 beta — it tends to amplify market swings less than FBRX's 1.47 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NUVL currently trades 93.2% from its 52-week high vs FBRX's 67.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricFBRX logoFBRXForte Biosciences…NUVL logoNUVLNuvalent, Inc.PRAX logoPRAXPraxis Precision …TARS logoTARSTarsus Pharmaceut…
Beta (5Y)Sensitivity to S&P 5001.47x1.01x1.40x0.66x
52-Week HighHighest price in past year$35.80$113.02$356.00$85.25
52-Week LowLowest price in past year$6.19$63.56$35.21$38.51
% of 52W HighCurrent price vs 52-week peak+67.1%+93.2%+92.7%+71.8%
RSI (14)Momentum oscillator 0–10043.148.953.344.2
Avg Volume (50D)Average daily shares traded274K546K376K500K
Evenly matched — NUVL and TARS each lead in 1 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Analyst consensus: FBRX as "Buy", NUVL as "Buy", PRAX as "Buy", TARS as "Buy". Consensus price targets imply 170.6% upside for FBRX (target: $65) vs 37.2% for NUVL (target: $144).

MetricFBRX logoFBRXForte Biosciences…NUVL logoNUVLNuvalent, Inc.PRAX logoPRAXPraxis Precision …TARS logoTARSTarsus Pharmaceut…
Analyst RatingConsensus buy/hold/sellBuyBuyBuyBuy
Price TargetConsensus 12-month target$65.00$144.40$548.80$89.33
# AnalystsCovering analysts614169
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap+0.0%0.0%0.0%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

FBRX leads in 1 of 6 categories (Income & Cash Flow). TARS leads in 1 (Profitability & Efficiency). 2 tied.

Best OverallForte Biosciences, Inc. (FBRX)Leads 1 of 6 categories
Loading custom metrics...

FBRX vs NUVL vs PRAX vs TARS: Key Questions Answered

8 questions · data-driven answers · updated daily

01

Is FBRX or NUVL or PRAX or TARS a better buy right now?

For growth investors, Tarsus Pharmaceuticals, Inc.

(TARS) is the stronger pick with 146. 7% revenue growth year-over-year, versus -100. 0% for Praxis Precision Medicines, Inc. (PRAX). Analysts rate Forte Biosciences, Inc. (FBRX) 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 is the better long-term investment — FBRX or NUVL or PRAX or TARS?

Over the past 5 years, Nuvalent, Inc.

(NUVL) delivered a total return of +461. 5%, compared to -97. 0% for Forte Biosciences, Inc. (FBRX). Over 10 years, the gap is even starker: NUVL returned +461. 5% versus FBRX's -99. 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 — FBRX or NUVL or PRAX or TARS?

By beta (market sensitivity over 5 years), Tarsus Pharmaceuticals, Inc.

(TARS) is the lower-risk stock at 0. 66β versus Forte Biosciences, Inc. 's 1. 47β — meaning FBRX is approximately 121% more volatile than TARS relative to the S&P 500. On balance sheet safety, Praxis Precision Medicines, Inc. (PRAX) carries a lower debt/equity ratio of 0% versus 27% for Tarsus Pharmaceuticals, Inc. — giving it more financial flexibility in a downturn.

04

Which is growing faster — FBRX or NUVL or PRAX or TARS?

By revenue growth (latest reported year), Tarsus Pharmaceuticals, Inc.

(TARS) is pulling ahead at 146. 7% versus -100. 0% for Praxis Precision Medicines, Inc. (PRAX). On earnings-per-share growth, the picture is similar: Forte Biosciences, Inc. grew EPS 51. 2% year-over-year, compared to -48. 9% for Nuvalent, Inc.. 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 — FBRX or NUVL or PRAX or TARS?

Forte Biosciences, Inc.

(FBRX) is the more profitable company, earning 0. 0% net margin versus -14. 7% for Tarsus Pharmaceuticals, Inc. — meaning it keeps 0. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FBRX leads at 0. 0% versus -15. 7% for TARS. At the gross margin level — before operating expenses — TARS leads at 93. 2%, 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 — FBRX or NUVL or PRAX or TARS?

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 FBRX or NUVL or PRAX or TARS better for a retirement portfolio?

For long-horizon retirement investors, Tarsus Pharmaceuticals, Inc.

(TARS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 66), +197. 4% 10Y return). Both have compounded well over 10 years (TARS: +197. 4%, FBRX: -99. 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 FBRX and NUVL and PRAX and TARS?

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: FBRX is a small-cap quality compounder stock; NUVL is a small-cap quality compounder stock; PRAX is a small-cap quality compounder stock; TARS 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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