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Stock Comparison

IMTX vs AGEN vs FATE vs RCUS

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

Live fundamentals10-year financials5-year price chart
IMTX
Immatics N.V.

Biotechnology

HealthcareNASDAQ • DE
Market Cap$1.49B
5Y Perf.-15.1%
AGEN
Agenus Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$132M
5Y Perf.-94.9%
FATE
Fate Therapeutics, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$280M
5Y Perf.-92.6%
RCUS
Arcus Biosciences, Inc.

Biotechnology

HealthcareNYSE • US
Market Cap$2.50B
5Y Perf.-19.1%

IMTX vs AGEN vs FATE vs RCUS — Key Financials

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

Company Snapshot
IMTX logoIMTX
AGEN logoAGEN
FATE logoFATE
RCUS logoRCUS
IndustryBiotechnologyBiotechnologyBiotechnologyBiotechnology
Market Cap$1.49B$132M$280M$2.50B
Revenue (TTM)$85M$114M$7M$236M
Net Income (TTM)$-116M$115K$-136M$-369M
Gross Margin100.0%35.7%90.7%
Operating Margin-167.8%-17.7%-22.2%-168.6%
Forward P/E67.7x2.9x
Total Debt$16M$10M$78M$99M
Cash & Equiv.$237M$3M$47M$222M

IMTX vs AGEN vs FATE vs RCUSLong-Term Stock Performance

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

IMTX
AGEN
FATE
RCUS
StockMay 20May 26Return
Immatics N.V. (IMTX)10084.9-15.1%
Agenus Inc. (AGEN)1005.1-94.9%
Fate Therapeutics, … (FATE)1007.4-92.6%
Arcus Biosciences, … (RCUS)10080.9-19.1%

Price return only. Dividends and distributions are not included.

Quick Verdict: IMTX vs AGEN vs FATE vs RCUS

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

Bottom line: AGEN leads in 3 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Immatics N.V. is the stronger pick specifically for growth and revenue expansion and capital preservation and lower volatility. RCUS also leads in specific categories worth noting. As sector peers, any of these can serve as alternatives in the same allocation.
IMTX
Immatics N.V.
The Income Pick

IMTX is the #2 pick in this set and the best alternative if income & stability and growth exposure is your priority.

  • beta 1.63
  • Rev growth 188.6%, EPS growth 111.7%, 3Y rev CAGR 64.9%
  • Lower volatility, beta 1.63, Low D/E 2.8%, current ratio 9.26x
  • Beta 1.63, current ratio 9.26x
Best for: income & stability and growth exposure
AGEN
Agenus Inc.
The Value Play

AGEN carries the broadest edge in this set and is the clearest fit for value and quality.

  • Better valuation composite
  • 0.1% margin vs FATE's -20.5%
  • 0.1% ROA vs FATE's -42.7%
Best for: value and quality
FATE
Fate Therapeutics, Inc.
The Secondary Option

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

Best for: healthcare exposure
RCUS
Arcus Biosciences, Inc.
The Long-Run Compounder

RCUS is the clearest fit if your priority is long-term compounding.

  • 45.9% 10Y total return vs IMTX's 16.0%
  • +209.6% vs AGEN's +27.1%
Best for: long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthIMTX logoIMTX188.6% revenue growth vs FATE's -51.2%
ValueAGEN logoAGENBetter valuation composite
Quality / MarginsAGEN logoAGEN0.1% margin vs FATE's -20.5%
Stability / SafetyIMTX logoIMTXBeta 1.63 vs AGEN's 2.72
DividendsTieNone of these 4 stocks pay a meaningful dividend
Momentum (1Y)RCUS logoRCUS+209.6% vs AGEN's +27.1%
Efficiency (ROA)AGEN logoAGEN0.1% ROA vs FATE's -42.7%

IMTX vs AGEN vs FATE vs RCUS — Revenue Breakdown by Segment

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

IMTXImmatics N.V.

Segment breakdown not available.

AGENAgenus Inc.
FY 2025
Non Cash Royalty Revenue
99.1%$109M
Other
0.9%$1M
FATEFate Therapeutics, Inc.
FY 2023
Upfront Fee And Equity Premium
100.0%$31M
RCUSArcus Biosciences, Inc.
FY 2025
License And Development Services
87.4%$221M
Development Services
6.7%$17M
R&D Services
3.2%$8M
License
2.8%$7M

IMTX vs AGEN vs FATE vs RCUS — Financial Metrics

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

BEST OVERALLAGENLAGGINGFATE

Income & Cash Flow (Last 12 Months)

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

RCUS is the larger business by revenue, generating $236M annually — 35.5x FATE's $7M. AGEN is the more profitable business, keeping 0.1% of every revenue dollar as net income compared to FATE's -20.5%. On growth, AGEN holds the edge at +27.5% YoY revenue growth, suggesting stronger near-term business momentum.

MetricIMTX logoIMTXImmatics N.V.AGEN logoAGENAgenus Inc.FATE logoFATEFate Therapeutics…RCUS logoRCUSArcus Biosciences…
RevenueTrailing 12 months$85M$114M$7M$236M
EBITDAEarnings before interest/tax-$130M-$10M-$148M-$391M
Net IncomeAfter-tax profit-$116M$115,000-$136M-$369M
Free Cash FlowCash after capex-$184M-$159M-$88M-$489M
Gross MarginGross profit ÷ Revenue+100.0%+35.7%+90.7%
Operating MarginEBIT ÷ Revenue-167.8%-17.7%-22.2%-168.6%
Net MarginNet income ÷ Revenue-136.7%+0.1%-20.5%-156.4%
FCF MarginFCF ÷ Revenue-2.2%-139.1%-13.2%-2.1%
Rev. Growth (YoY)Latest quarter vs prior year-89.7%+27.5%-26.4%-39.3%
EPS Growth (YoY)Latest quarter vs prior year-2.8%+85.3%+38.6%+10.5%
AGEN leads this category, winning 5 of 6 comparable metrics.

Valuation Metrics

AGEN leads this category, winning 2 of 3 comparable metrics.
MetricIMTX logoIMTXImmatics N.V.AGEN logoAGENAgenus Inc.FATE logoFATEFate Therapeutics…RCUS logoRCUSArcus Biosciences…
Market CapShares × price$1.5B$132M$280M$2.5B
Enterprise ValueMkt cap + debt − cash$1.2B$140M$312M$2.4B
Trailing P/EPrice ÷ TTM EPS67.71x-1102.94x-2.11x-7.54x
Forward P/EPrice ÷ next-FY EPS est.2.94x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple
Price / SalesMarket cap ÷ Revenue8.16x1.16x42.18x10.11x
Price / BookPrice ÷ Book value/share1.76x1.39x4.22x
Price / FCFMarket cap ÷ FCF
AGEN leads this category, winning 2 of 3 comparable metrics.

Profitability & Efficiency

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

IMTX delivers a -27.8% return on equity — every $100 of shareholder capital generates $-28 in annual profit, vs $-69 for RCUS. IMTX carries lower financial leverage with a 0.03x debt-to-equity ratio, signaling a more conservative balance sheet compared to FATE's 0.38x. On the Piotroski fundamental quality scale (0–9), IMTX scores 6/9 vs RCUS's 0/9, reflecting solid financial health.

MetricIMTX logoIMTXImmatics N.V.AGEN logoAGENAgenus Inc.FATE logoFATEFate Therapeutics…RCUS logoRCUSArcus Biosciences…
ROE (TTM)Return on equity-27.8%-65.8%-69.0%
ROA (TTM)Return on assets-22.3%+0.1%-42.7%-35.3%
ROICReturn on invested capital-15.4%-36.5%-64.1%
ROCEReturn on capital employed-7.9%-43.1%-42.1%
Piotroski ScoreFundamental quality 0–96620
Debt / EquityFinancial leverage0.03x0.38x0.16x
Net DebtTotal debt minus cash-$221M$7M$31M-$123M
Cash & Equiv.Liquid assets$237M$3M$47M$222M
Total DebtShort + long-term debt$16M$10M$78M$99M
Interest CoverageEBIT ÷ Interest expense-124.10x1.11x-13.38x
IMTX leads this category, winning 6 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in IMTX five years ago would be worth $9,670 today (with dividends reinvested), compared to $318 for FATE. Over the past 12 months, RCUS leads with a +209.6% total return vs AGEN's +27.1%. The 3-year compound annual growth rate (CAGR) favors RCUS at 7.7% vs AGEN's -51.0% — a key indicator of consistent wealth creation.

MetricIMTX logoIMTXImmatics N.V.AGEN logoAGENAgenus Inc.FATE logoFATEFate Therapeutics…RCUS logoRCUSArcus Biosciences…
YTD ReturnYear-to-date+6.6%+16.1%+145.5%+6.5%
1-Year ReturnPast 12 months+153.8%+27.1%+143.0%+209.6%
3-Year ReturnCumulative with dividends+13.3%-88.2%-55.4%+24.9%
5-Year ReturnCumulative with dividends-3.3%-93.9%-96.8%-18.6%
10-Year ReturnCumulative with dividends+16.0%-94.3%+40.5%+45.9%
CAGR (3Y)Annualised 3-year return+4.3%-51.0%-23.6%+7.7%
RCUS leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

Evenly matched — IMTX and FATE each lead in 1 of 2 comparable metrics.

IMTX is the less volatile stock with a 1.63 beta — it tends to amplify market swings less than AGEN's 2.72 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FATE currently trades 98.6% from its 52-week high vs AGEN's 51.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricIMTX logoIMTXImmatics N.V.AGEN logoAGENAgenus Inc.FATE logoFATEFate Therapeutics…RCUS logoRCUSArcus Biosciences…
Beta (5Y)Sensitivity to S&P 5001.58x2.58x1.99x1.95x
52-Week HighHighest price in past year$12.41$7.34$2.46$28.72
52-Week LowLowest price in past year$3.94$2.71$0.91$7.06
% of 52W HighCurrent price vs 52-week peak+89.8%+51.1%+98.6%+86.3%
RSI (14)Momentum oscillator 0–10060.948.881.060.5
Avg Volume (50D)Average daily shares traded448K814K1.9M1.2M
Evenly matched — IMTX and FATE each lead in 1 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Analyst consensus: IMTX as "Buy", AGEN as "Buy", FATE as "Buy", RCUS as "Buy". Consensus price targets imply 1525.5% upside for FATE (target: $40) vs 21.0% for RCUS (target: $30).

MetricIMTX logoIMTXImmatics N.V.AGEN logoAGENAgenus Inc.FATE logoFATEFate Therapeutics…RCUS logoRCUSArcus Biosciences…
Analyst RatingConsensus buy/hold/sellBuyBuyBuyBuy
Price TargetConsensus 12-month target$21.00$7.33$39.50$30.00
# AnalystsCovering analysts8113118
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises1
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%+0.1%0.0%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

AGEN leads in 2 of 6 categories (Income & Cash Flow, Valuation Metrics). IMTX leads in 1 (Profitability & Efficiency). 1 tied.

Best OverallAgenus Inc. (AGEN)Leads 2 of 6 categories
Loading custom metrics...

IMTX vs AGEN vs FATE vs RCUS: Key Questions Answered

9 questions · data-driven answers · updated daily

01

Is IMTX or AGEN or FATE or RCUS a better buy right now?

For growth investors, Immatics N.

V. (IMTX) is the stronger pick with 188. 6% revenue growth year-over-year, versus -51. 2% for Fate Therapeutics, Inc. (FATE). Immatics N. V. (IMTX) offers the better valuation at 67. 7x trailing P/E, making it the more compelling value choice. Analysts rate Immatics N. V. (IMTX) a "Buy" — based on 8 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 — IMTX or AGEN or FATE or RCUS?

Over the past 5 years, Immatics N.

V. (IMTX) delivered a total return of -3. 3%, compared to -96. 8% for Fate Therapeutics, Inc. (FATE). Over 10 years, the gap is even starker: RCUS returned +45. 9% versus AGEN's -94. 2%. 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 — IMTX or AGEN or FATE or RCUS?

By beta (market sensitivity over 5 years), Immatics N.

V. (IMTX) is the lower-risk stock at 1. 58β versus Agenus Inc. 's 2. 58β — meaning AGEN is approximately 64% more volatile than IMTX relative to the S&P 500. On balance sheet safety, Immatics N. V. (IMTX) carries a lower debt/equity ratio of 3% versus 38% for Fate Therapeutics, Inc. — giving it more financial flexibility in a downturn.

04

Which is growing faster — IMTX or AGEN or FATE or RCUS?

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

V. (IMTX) is pulling ahead at 188. 6% versus -51. 2% for Fate Therapeutics, Inc. (FATE). On earnings-per-share growth, the picture is similar: Immatics N. V. grew EPS 111. 7% year-over-year, compared to -4. 8% for Arcus Biosciences, Inc.. Over a 3-year CAGR, IMTX leads at 64. 9% 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 — IMTX or AGEN or FATE or RCUS?

Immatics N.

V. (IMTX) is the more profitable company, earning 9. 8% net margin versus -20. 5% for Fate Therapeutics, Inc. — meaning it keeps 9. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: AGEN leads at -18. 0% versus -22. 2% for FATE. At the gross margin level — before operating expenses — IMTX 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.

06

Is IMTX or AGEN or FATE or RCUS more undervalued right now?

Analyst consensus price targets imply the most upside for FATE: 1525.

5% to $39. 50.

07

Which pays a better dividend — IMTX or AGEN or FATE or RCUS?

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.

08

Is IMTX or AGEN or FATE or RCUS better for a retirement portfolio?

For long-horizon retirement investors, Immatics N.

V. (IMTX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding. Agenus Inc. (AGEN) carries a higher beta of 2. 58 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (IMTX: +18. 4%, AGEN: -94. 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.

09

What are the main differences between IMTX and AGEN and FATE and RCUS?

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: IMTX is a small-cap high-growth stock; AGEN is a small-cap quality compounder stock; FATE is a small-cap quality compounder stock; RCUS 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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  • Market Cap > $100B
  • Gross Margin > 60%
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  • Market Cap > $100B
  • Revenue Growth > 13%
  • Gross Margin > 21%
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  • Market Cap > $100B
  • Gross Margin > 54%
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(IMTX: -89.7% · AGEN: 27.5%)

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