Comprehensive Stock Comparison
Compare Genmab A/S (GMAB) vs CG Oncology, Inc. Common stock (CGON) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | CGON | 458.3% revenue growth vs GMAB's 30.7% |
| Quality / Margins | GMAB | 46.8% net margin vs CGON's -69.7% |
| Stability / Safety | GMAB | Beta 0.61 vs CGON's 1.55 |
| Dividends | Tie | Neither pays a meaningful dividend |
| Momentum (1Y) | CGON | +127.4% vs GMAB's +29.8% |
| Efficiency (ROA) | GMAB | 93.6% ROA vs CGON's -20.8%, ROIC 22.2% vs -26.3% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Genmab is a biotechnology company that develops and commercializes antibody-based therapies for cancer and other serious diseases. It generates revenue primarily through product sales of its marketed antibodies like DARZALEX and teprotumumab, plus significant royalties and milestone payments from partnerships with pharmaceutical companies like Johnson & Johnson. The company's key advantage is its proprietary antibody technology platforms — particularly its DuoBody bispecific antibody platform — which enable it to create differentiated therapies with improved efficacy and safety profiles.
CG Oncology is a clinical-stage biopharmaceutical company developing novel immunotherapies for bladder cancer. It currently generates no revenue from product sales—its business model depends on advancing its lead candidate, cretostimogene, through clinical trials toward regulatory approval and future commercialization. The company's potential moat lies in its oncolytic immunotherapy platform targeting BCG-unresponsive bladder cancer—a high-unmet-need area with limited treatment options.
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
GMAB leads in 3 of 6 categories (Financial Metrics, Valuation Metrics). CGON leads in 1 (Total Returns). 1 tied.
Financial Metrics (TTM)
GMAB is the larger business by revenue, generating $14.0B annually — 6458.0x CGON's $2M. GMAB is the more profitable business, keeping 46.8% of every revenue dollar as net income compared to CGON's -69.7%. On growth, CGON holds the edge at +37.7% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | GMABGenmab A/S | CGONCG Oncology, Inc.… |
|---|---|---|
| RevenueTrailing 12 months | $14.0B | $2M |
| EBITDAEarnings before interest/tax | $5.3B | -$180M |
| Net IncomeAfter-tax profit | $6.6B | -$151M |
| Free Cash FlowCash after capex | $2.9B | -$117M |
| Gross MarginGross profit ÷ Revenue | +94.3% | +20.3% |
| Operating MarginEBIT ÷ Revenue | +36.2% | -82.9% |
| Net MarginNet income ÷ Revenue | +46.8% | -69.7% |
| FCF MarginFCF ÷ Revenue | +20.7% | -53.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | -81.6% | +37.7% |
| EPS Growth (YoY)Latest quarter vs prior year | -66.7% | -90.0% |
Valuation Metrics
| Metric | GMABGenmab A/S | CGONCG Oncology, Inc.… |
|---|---|---|
| Market CapShares × price | $18.1B | $4.6B |
| Enterprise ValueMkt cap + debt − cash | $16.7B | $4.3B |
| Trailing P/EPrice ÷ TTM EPS | 15.36x | -41.70x |
| Forward P/EPrice ÷ next-FY EPS est. | 23.15x | — |
| PEG RatioP/E ÷ EPS growth rate | 0.53x | — |
| EV / EBITDAEnterprise value multiple | 14.90x | — |
| Price / SalesMarket cap ÷ Revenue | 5.34x | 4041.01x |
| Price / BookPrice ÷ Book value/share | 3.28x | 5.01x |
| Price / FCFMarket cap ÷ FCF | 15.15x | — |
Profitability & Efficiency
GMAB delivers a 114.2% return on equity — every $100 of shareholder capital generates $114 in annual profit, vs $-22 for CGON. CGON carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to GMAB's 0.03x. On the Piotroski fundamental quality scale (0–9), CGON scores 6/9 vs GMAB's 5/9, reflecting solid financial health.
| Metric | GMABGenmab A/S | CGONCG Oncology, Inc.… |
|---|---|---|
| ROE (TTM)Return on equity | +114.2% | -22.0% |
| ROA (TTM)Return on assets | +93.6% | -20.8% |
| ROICReturn on invested capital | +22.2% | -26.3% |
| ROCEReturn on capital employed | +18.3% | -25.0% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 0.03x | 0.00x |
| Net DebtTotal debt minus cash | -$8.8B | -$257M |
| Cash & Equiv.Liquid assets | $9.9B | $257M |
| Total DebtShort + long-term debt | $1.0B | $238,000 |
| Interest CoverageEBIT ÷ Interest expense | 48.21x | — |
Total Returns (with DRIP)
A $10,000 investment in CGON five years ago would be worth $15,819 today (with dividends reinvested), compared to $8,383 for GMAB. Over the past 12 months, CGON leads with a +127.4% total return vs GMAB's +29.8%. The 3-year compound annual growth rate (CAGR) favors CGON at 16.5% vs GMAB's -7.8% — a key indicator of consistent wealth creation.
| Metric | GMABGenmab A/S | CGONCG Oncology, Inc.… |
|---|---|---|
| YTD ReturnYear-to-date | -7.5% | +40.7% |
| 1-Year ReturnPast 12 months | +29.8% | +127.4% |
| 3-Year ReturnCumulative with dividends | -21.6% | +58.2% |
| 5-Year ReturnCumulative with dividends | -16.2% | +58.2% |
| 10-Year ReturnCumulative with dividends | +138.4% | +58.2% |
| CAGR (3Y)Annualised 3-year return | -7.8% | +16.5% |
Risk & Volatility
GMAB is the less volatile stock with a 0.61 beta — it tends to amplify market swings less than CGON's 1.55 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CGON currently trades 98.0% from its 52-week high vs GMAB's 83.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | GMABGenmab A/S | CGONCG Oncology, Inc.… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.61x | 1.55x |
| 52-Week HighHighest price in past year | $35.43 | $60.00 |
| 52-Week LowLowest price in past year | $17.24 | $14.80 |
| % of 52W HighCurrent price vs 52-week peak | +83.1% | +98.0% |
| RSI (14)Momentum oscillator 0–100 | 38.3 | 58.2 |
| Avg Volume (50D)Average daily shares traded | 1.5M | 986K |
Analyst Outlook
Wall Street rates GMAB as "Buy" and CGON as "Buy". Consensus price targets imply 37.6% upside for GMAB (target: $41) vs 34.4% for CGON (target: $79).
| Metric | GMABGenmab A/S | CGONCG Oncology, Inc.… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $40.50 | $79.00 |
| # AnalystsCovering analysts | 17 | 9 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +3.5% | 0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Feb 24 | Feb 26 | Change |
|---|---|---|---|
| Genmab A/S (GMAB) | 100 | 118.1 | +18.1% |
| CG Oncology, Inc. C… (CGON) | 102.1 | 146.19 | +43.2% |
CG Oncology, Inc. C… (CGON) returned +58% over 5 years vs Genmab A/S (GMAB)'s -16%. A $10,000 investment in CGON 5 years ago would be worth $15,819 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| Genmab A/S (GMAB) | $1.1B | $21.5B | +1799.8% |
| CG Oncology, Inc. C… (CGON) | $10M | $1M | -89.0% |
Genmab A/S's revenue grew from $1.1B (2015) to $21.5B (2024) — a 38.7% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| Genmab A/S (GMAB) | 67.4% | 36.4% | -45.9% |
| CG Oncology, Inc. C… (CGON) | -124.0% | -77.3% | +37.6% |
Genmab A/S's net margin went from 67% (2015) to 36% (2024).
Chart 4P/E Ratio History — 8 Years
| Stock | 2017 | 2024 | Change |
|---|---|---|---|
| Genmab A/S (GMAB) | 9.3 | 1.7 | -81.7% |
Genmab A/S has traded in a 2x–9x P/E range over 8 years; current trailing P/E is ~15x.
Chart 5EPS Growth — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| Genmab A/S (GMAB) | 1.26 | 12.14 | +863.5% |
| CG Oncology, Inc. C… (CGON) | -0.28 | -1.41 | -403.6% |
Genmab A/S's EPS grew from $1.26 (2015) to $12.14 (2024) — a 29% CAGR.
Chart 6Free Cash Flow — 5 Years
Genmab A/S generated $8B FCF in 2024 (+284% vs 2021). CG Oncology, Inc. Common stock generated $-79M FCF in 2024 (-474% vs 2021).
GMAB vs CGON: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is GMAB or CGON a better buy right now?
Genmab A/S (GMAB) offers the better valuation at 15.4x trailing P/E (23.2x forward), making it the more compelling value choice. Analysts rate Genmab A/S (GMAB) a "Buy" — based on 17 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 — GMAB or CGON?
Over the past 5 years, CG Oncology, Inc. Common stock (CGON) delivered a total return of +58.2%, compared to -16.2% for Genmab A/S (GMAB). A $10,000 investment in CGON five years ago would be worth approximately $16K today (assuming dividends reinvested). Over 10 years, the gap is even starker: GMAB returned +138.4% versus CGON's +58.2%. 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 — GMAB or CGON?
By beta (market sensitivity over 5 years), Genmab A/S (GMAB) is the lower-risk stock at 0.61β versus CG Oncology, Inc. Common stock's 1.55β — meaning CGON is approximately 154% more volatile than GMAB relative to the S&P 500. On balance sheet safety, CG Oncology, Inc. Common stock (CGON) carries a lower debt/equity ratio of 0% versus 3% for Genmab A/S — giving it more financial flexibility in a downturn.
04Which has better profit margins — GMAB or CGON?
Genmab A/S (GMAB) is the more profitable company, earning 36.4% net margin versus -77.3% for CG Oncology, Inc. Common stock — meaning it keeps 36.4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GMAB leads at 31.1% versus -100.7% for CGON. At the gross margin level — before operating expenses — CGON leads at 100.0%, 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.
05Is GMAB or CGON more undervalued right now?
Analyst consensus price targets imply the most upside for GMAB: 37.6% to $40.50.
06Which pays a better dividend — GMAB or CGON?
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.
07Is GMAB or CGON better for a retirement portfolio?
For long-horizon retirement investors, Genmab A/S (GMAB) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.61), +138.4% 10Y return). CG Oncology, Inc. Common stock (CGON) carries a higher beta of 1.55 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (GMAB: +138.4%, CGON: +58.2%), 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 GMAB and CGON?
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: GMAB is a mid-cap deep-value stock; CGON is a small-cap quality compounder 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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