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Stock Comparison

GLPG vs IONS

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

Live fundamentals10-year financials5-year price chart
GLPG
Galapagos N.V.

Biotechnology

HealthcareNASDAQ • BE
Market Cap$1.83B
5Y Perf.-86.3%
IONS
Ionis Pharmaceuticals, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$12.56B
5Y Perf.+35.2%

GLPG vs IONS — Key Financials

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

Company Snapshot
GLPG logoGLPG
IONS logoIONS
IndustryBiotechnologyBiotechnology
Market Cap$1.83B$12.56B
Revenue (TTM)$1.11B$1.06B
Net Income (TTM)$321M$-327M
Gross Margin56.0%98.3%
Operating Margin26.7%-33.3%
Forward P/E4.9x
Total Debt$7M$2.61B
Cash & Equiv.$88M$372M

GLPG vs IONSLong-Term Stock Performance

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

GLPG
IONS
StockMay 20May 26Return
Galapagos N.V. (GLPG)10013.7-86.3%
Ionis Pharmaceutica… (IONS)100135.2+35.2%

Price return only. Dividends and distributions are not included.

Quick Verdict: GLPG vs IONS

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

Bottom line: GLPG leads in 3 of 6 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Ionis Pharmaceuticals, Inc. is the stronger pick specifically for capital preservation and lower volatility and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
GLPG
Galapagos N.V.
The Growth Play

GLPG carries the broadest edge in this set and is the clearest fit for growth exposure and sleep-well-at-night.

  • Rev growth 303.5%, EPS growth 333.0%, 3Y rev CAGR 66.4%
  • Lower volatility, beta 0.74, Low D/E 0.2%, current ratio 20.15x
  • 303.5% revenue growth vs IONS's 33.9%
Best for: growth exposure and sleep-well-at-night
IONS
Ionis Pharmaceuticals, Inc.
The Income Pick

IONS is the clearest fit if your priority is income & stability and long-term compounding.

  • beta 0.55
  • 121.1% 10Y total return vs GLPG's -41.9%
  • Beta 0.55, current ratio 3.83x
Best for: income & stability and long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthGLPG logoGLPG303.5% revenue growth vs IONS's 33.9%
Quality / MarginsGLPG logoGLPG28.9% margin vs IONS's -30.9%
Stability / SafetyIONS logoIONSBeta 0.55 vs GLPG's 0.74
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)IONS logoIONS+129.9% vs GLPG's +7.5%
Efficiency (ROA)GLPG logoGLPG8.3% ROA vs IONS's -10.1%, ROIC 12.5% vs -12.8%

GLPG vs IONS — Revenue Breakdown by Segment

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

GLPGGalapagos N.V.
FY 2022
Upfront payments and milestone payments
66.6%$174M
Jyseleca
33.4%$88M
IONSIonis Pharmaceuticals, Inc.
FY 2025
Commercial Member
52.1%$436M
Royalty
34.1%$286M
Product
13.8%$115M

GLPG vs IONS — Financial Metrics

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

BEST OVERALLGLPGLAGGINGIONS

Income & Cash Flow (Last 12 Months)

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

GLPG and IONS operate at a comparable scale, with $1.1B and $1.1B in trailing revenue. GLPG is the more profitable business, keeping 28.9% of every revenue dollar as net income compared to IONS's -30.9%. On growth, GLPG holds the edge at +10.9% YoY revenue growth, suggesting stronger near-term business momentum.

MetricGLPG logoGLPGGalapagos N.V.IONS logoIONSIonis Pharmaceuti…
RevenueTrailing 12 months$1.1B$1.1B
EBITDAEarnings before interest/tax$244M$4.5B
Net IncomeAfter-tax profit$321M-$327M
Free Cash FlowCash after capex-$266M-$971M
Gross MarginGross profit ÷ Revenue+56.0%+98.3%
Operating MarginEBIT ÷ Revenue+26.7%-33.3%
Net MarginNet income ÷ Revenue+28.9%-30.9%
FCF MarginFCF ÷ Revenue-23.9%-91.8%
Rev. Growth (YoY)Latest quarter vs prior year+10.9%+87.0%
EPS Growth (YoY)Latest quarter vs prior year+40.0%+39.8%
GLPG leads this category, winning 5 of 6 comparable metrics.

Valuation Metrics

GLPG leads this category, winning 2 of 3 comparable metrics.
MetricGLPG logoGLPGGalapagos N.V.IONS logoIONSIonis Pharmaceuti…
Market CapShares × price$1.8B$12.6B
Enterprise ValueMkt cap + debt − cash$1.7B$14.8B
Trailing P/EPrice ÷ TTM EPS4.87x-31.94x
Forward P/EPrice ÷ next-FY EPS est.
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple2.75x
Price / SalesMarket cap ÷ Revenue1.40x13.31x
Price / BookPrice ÷ Book value/share0.48x24.87x
Price / FCFMarket cap ÷ FCF
GLPG leads this category, winning 2 of 3 comparable metrics.

Profitability & Efficiency

GLPG leads this category, winning 9 of 9 comparable metrics.

GLPG delivers a 11.2% return on equity — every $100 of shareholder capital generates $11 in annual profit, vs $-59 for IONS. GLPG carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to IONS's 5.35x. On the Piotroski fundamental quality scale (0–9), GLPG scores 6/9 vs IONS's 3/9, reflecting solid financial health.

MetricGLPG logoGLPGGalapagos N.V.IONS logoIONSIonis Pharmaceuti…
ROE (TTM)Return on equity+11.2%-58.6%
ROA (TTM)Return on assets+8.3%-10.1%
ROICReturn on invested capital+12.5%-12.8%
ROCEReturn on capital employed+14.2%-14.1%
Piotroski ScoreFundamental quality 0–963
Debt / EquityFinancial leverage0.00x5.35x
Net DebtTotal debt minus cash-$81M$2.2B
Cash & Equiv.Liquid assets$88M$372M
Total DebtShort + long-term debt$7M$2.6B
Interest CoverageEBIT ÷ Interest expense11.29x-3.64x
GLPG leads this category, winning 9 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

IONS leads this category, winning 6 of 6 comparable metrics.

A $10,000 investment in IONS five years ago would be worth $20,805 today (with dividends reinvested), compared to $3,695 for GLPG. Over the past 12 months, IONS leads with a +129.9% total return vs GLPG's +7.5%. The 3-year compound annual growth rate (CAGR) favors IONS at 29.3% vs GLPG's -12.9% — a key indicator of consistent wealth creation.

MetricGLPG logoGLPGGalapagos N.V.IONS logoIONSIonis Pharmaceuti…
YTD ReturnYear-to-date-15.9%-4.6%
1-Year ReturnPast 12 months+7.5%+129.9%
3-Year ReturnCumulative with dividends-34.0%+116.1%
5-Year ReturnCumulative with dividends-63.0%+108.0%
10-Year ReturnCumulative with dividends-41.9%+121.1%
CAGR (3Y)Annualised 3-year return-12.9%+29.3%
IONS leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

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

IONS is the less volatile stock with a 0.55 beta — it tends to amplify market swings less than GLPG's 0.74 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. IONS currently trades 87.6% from its 52-week high vs GLPG's 73.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricGLPG logoGLPGGalapagos N.V.IONS logoIONSIonis Pharmaceuti…
Beta (5Y)Sensitivity to S&P 5000.74x0.55x
52-Week HighHighest price in past year$37.78$86.74
52-Week LowLowest price in past year$24.74$31.66
% of 52W HighCurrent price vs 52-week peak+73.4%+87.6%
RSI (14)Momentum oscillator 0–10046.358.8
Avg Volume (50D)Average daily shares traded165K2.0M
IONS leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Wall Street rates GLPG as "Hold" and IONS as "Buy". Consensus price targets imply 41.1% upside for IONS (target: $107) vs 19.0% for GLPG (target: $33).

MetricGLPG logoGLPGGalapagos N.V.IONS logoIONSIonis Pharmaceuti…
Analyst RatingConsensus buy/hold/sellHoldBuy
Price TargetConsensus 12-month target$33.00$107.27
# AnalystsCovering analysts2432
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

GLPG leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). IONS leads in 2 (Total Returns, Risk & Volatility).

Best OverallGalapagos N.V. (GLPG)Leads 3 of 6 categories
Loading custom metrics...

GLPG vs IONS: Frequently Asked Questions

8 questions · data-driven answers · updated daily

01

Is GLPG or IONS a better buy right now?

For growth investors, Galapagos N.

V. (GLPG) is the stronger pick with 303. 5% revenue growth year-over-year, versus 33. 9% for Ionis Pharmaceuticals, Inc. (IONS). Galapagos N. V. (GLPG) offers the better valuation at 4. 9x trailing P/E, making it the more compelling value choice. Analysts rate Ionis Pharmaceuticals, Inc. (IONS) a "Buy" — based on 32 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 — GLPG or IONS?

Over the past 5 years, Ionis Pharmaceuticals, Inc.

(IONS) delivered a total return of +108. 0%, compared to -63. 0% for Galapagos N. V. (GLPG). Over 10 years, the gap is even starker: IONS returned +121. 1% versus GLPG's -41. 9%. 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 — GLPG or IONS?

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

(IONS) is the lower-risk stock at 0. 55β versus Galapagos N. V. 's 0. 74β — meaning GLPG is approximately 35% more volatile than IONS relative to the S&P 500. On balance sheet safety, Galapagos N. V. (GLPG) carries a lower debt/equity ratio of 0% versus 5% for Ionis Pharmaceuticals, Inc. — giving it more financial flexibility in a downturn.

04

Which is growing faster — GLPG or IONS?

By revenue growth (latest reported year), Galapagos N.

V. (GLPG) is pulling ahead at 303. 5% versus 33. 9% for Ionis Pharmaceuticals, Inc. (IONS). On earnings-per-share growth, the picture is similar: Galapagos N. V. grew EPS 333. 0% year-over-year, compared to 21. 7% for Ionis Pharmaceuticals, Inc.. Over a 3-year CAGR, GLPG leads at 66. 4% 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 — GLPG or IONS?

Galapagos N.

V. (GLPG) is the more profitable company, earning 28. 9% net margin versus -40. 4% for Ionis Pharmaceuticals, Inc. — meaning it keeps 28. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GLPG leads at 45. 1% versus -40. 5% for IONS. At the gross margin level — before operating expenses — IONS leads at 98. 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 — GLPG or IONS?

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 GLPG or IONS better for a retirement portfolio?

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

(IONS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 55), +121. 1% 10Y return). Both have compounded well over 10 years (IONS: +121. 1%, GLPG: -41. 9%), 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 GLPG and IONS?

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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GLPG

High-Growth Quality Leader

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 546%
  • Net Margin > 17%
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IONS

High-Growth Disruptor

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 43%
  • Gross Margin > 59%
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