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Stock Comparison

INO vs VXRT

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

Live fundamentals10-year financials5-year price chart
INO
Inovio Pharmaceuticals, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$642M
5Y Perf.-99.2%
VXRT
Vaxart, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$178M
5Y Perf.-72.4%

INO vs VXRT — Key Financials

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

Company Snapshot
INO logoINO
VXRT logoVXRT
IndustryBiotechnologyBiotechnology
Market Cap$642M$178M
Revenue (TTM)$0.00$237M
Net Income (TTM)$-84.95B$16M
Gross Margin90.4%
Operating Margin7.6%
Forward P/E10.6x
Total Debt$9.37B$9M
Cash & Equiv.$44.27B$54M

INO vs VXRTLong-Term Stock Performance

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

INO
VXRT
StockMay 20May 26Return
Inovio Pharmaceutic… (INO)1000.8-99.2%
Vaxart, Inc. (VXRT)10027.6-72.4%

Price return only. Dividends and distributions are not included.

Quick Verdict: INO vs VXRT

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

Bottom line: VXRT leads in 4 of 5 categories, making it the strongest pick for growth and revenue expansion and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
INO
Inovio Pharmaceuticals, Inc.
The Specific-Use Pick

In this particular matchup, INO is outpaced on most metrics by others in the set.

Best for: healthcare exposure
VXRT
Vaxart, Inc.
The Income Pick

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

  • beta 0.77
  • Rev growth 7.3%, EPS growth 150.0%, 3Y rev CAGR 12.0%
  • -95.8% 10Y total return vs INO's -98.6%
Best for: income & stability and growth exposure
See the full category breakdown
CategoryWinnerWhy
GrowthVXRT logoVXRT7.3% revenue growth vs INO's -100.0%
Stability / SafetyVXRT logoVXRTBeta 0.77 vs INO's 1.31, lower leverage
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)VXRT logoVXRT+90.4% vs INO's -22.2%
Efficiency (ROA)VXRT logoVXRT9.1% ROA vs INO's -455.9%

INO vs VXRT — Revenue Breakdown by Segment

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

INOInovio Pharmaceuticals, Inc.
FY 2025
Reportable Segments
100.0%$65,343
VXRTVaxart, Inc.
FY 2025
Government Contract
89.8%$225M
Collaboration Revenue
6.0%$15M
License
3.5%$9M
Non Cash Royalty Revenue
0.8%$2M

INO vs VXRT — Financial Metrics

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

BEST OVERALLVXRTLAGGINGINO

Income & Cash Flow (Last 12 Months)

Evenly matched — INO and VXRT each lead in 1 of 2 comparable metrics.

VXRT and INO operate at a comparable scale, with $237M and $0 in trailing revenue. On growth, VXRT holds the edge at +5.9% YoY revenue growth, suggesting stronger near-term business momentum.

MetricINO logoINOInovio Pharmaceut…VXRT logoVXRTVaxart, Inc.
RevenueTrailing 12 months$0$237M
EBITDAEarnings before interest/tax-$86.8B$31M
Net IncomeAfter-tax profit-$84.9B$16M
Free Cash FlowCash after capex-$19.4B$8M
Gross MarginGross profit ÷ Revenue+90.4%
Operating MarginEBIT ÷ Revenue+7.6%
Net MarginNet income ÷ Revenue+6.9%
FCF MarginFCF ÷ Revenue+3.2%
Rev. Growth (YoY)Latest quarter vs prior year-155.9%+5.9%
EPS Growth (YoY)Latest quarter vs prior year+1036.4%+5.4%
Evenly matched — INO and VXRT each lead in 1 of 2 comparable metrics.

Valuation Metrics

INO leads this category, winning 2 of 2 comparable metrics.
MetricINO logoINOInovio Pharmaceut…VXRT logoVXRTVaxart, Inc.
Market CapShares × price$642M$178M
Enterprise ValueMkt cap + debt − cash-$34.3B$133M
Trailing P/EPrice ÷ TTM EPS-0.76x10.57x
Forward P/EPrice ÷ next-FY EPS est.
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple7.37x
Price / SalesMarket cap ÷ Revenue0.75x
Price / BookPrice ÷ Book value/share0.03x1.94x
Price / FCFMarket cap ÷ FCF23.51x
INO leads this category, winning 2 of 2 comparable metrics.

Profitability & Efficiency

VXRT leads this category, winning 6 of 7 comparable metrics.

VXRT delivers a 33.8% return on equity — every $100 of shareholder capital generates $34 in annual profit, vs $-14 for INO. VXRT carries lower financial leverage with a 0.10x debt-to-equity ratio, signaling a more conservative balance sheet compared to INO's 0.39x. On the Piotroski fundamental quality scale (0–9), VXRT scores 7/9 vs INO's 0/9, reflecting strong financial health.

MetricINO logoINOInovio Pharmaceut…VXRT logoVXRTVaxart, Inc.
ROE (TTM)Return on equity-14.1%+33.8%
ROA (TTM)Return on assets-4.6%+9.1%
ROICReturn on invested capital+27.1%
ROCEReturn on capital employed-5.7%+15.1%
Piotroski ScoreFundamental quality 0–907
Debt / EquityFinancial leverage0.39x0.10x
Net DebtTotal debt minus cash-$34.9B-$45M
Cash & Equiv.Liquid assets$44.3B$54M
Total DebtShort + long-term debt$9.4B$9M
Interest CoverageEBIT ÷ Interest expense
VXRT leads this category, winning 6 of 7 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in VXRT five years ago would be worth $1,028 today (with dividends reinvested), compared to $167 for INO. Over the past 12 months, VXRT leads with a +90.4% total return vs INO's -22.2%. The 3-year compound annual growth rate (CAGR) favors VXRT at -4.9% vs INO's -48.4% — a key indicator of consistent wealth creation.

MetricINO logoINOInovio Pharmaceut…VXRT logoVXRTVaxart, Inc.
YTD ReturnYear-to-date-18.9%+105.6%
1-Year ReturnPast 12 months-22.2%+90.4%
3-Year ReturnCumulative with dividends-86.2%-14.0%
5-Year ReturnCumulative with dividends-98.3%-89.7%
10-Year ReturnCumulative with dividends-98.6%-95.8%
CAGR (3Y)Annualised 3-year return-48.4%-4.9%
VXRT leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

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

VXRT is the less volatile stock with a 0.77 beta — it tends to amplify market swings less than INO's 1.31 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. VXRT currently trades 88.1% from its 52-week high vs INO's 46.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricINO logoINOInovio Pharmaceut…VXRT logoVXRTVaxart, Inc.
Beta (5Y)Sensitivity to S&P 5001.31x0.77x
52-Week HighHighest price in past year$2.98$0.84
52-Week LowLowest price in past year$1.03$0.26
% of 52W HighCurrent price vs 52-week peak+46.0%+88.1%
RSI (14)Momentum oscillator 0–10050.955.1
Avg Volume (50D)Average daily shares traded1.9M259K
VXRT leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Wall Street rates INO as "Buy" and VXRT as "Buy". Consensus price targets imply 338.0% upside for INO (target: $6) vs 170.3% for VXRT (target: $2).

MetricINO logoINOInovio Pharmaceut…VXRT logoVXRTVaxart, Inc.
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$6.00$2.00
# AnalystsCovering analysts173
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises0
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

VXRT leads in 3 of 6 categories (Profitability & Efficiency, Total Returns). INO leads in 1 (Valuation Metrics). 1 tied.

Best OverallVaxart, Inc. (VXRT)Leads 3 of 6 categories
Loading custom metrics...

INO vs VXRT: Frequently Asked Questions

8 questions · data-driven answers · updated daily

01

Is INO or VXRT a better buy right now?

For growth investors, Vaxart, Inc.

(VXRT) is the stronger pick with 726. 7% revenue growth year-over-year, versus -100. 0% for Inovio Pharmaceuticals, Inc. (INO). Vaxart, Inc. (VXRT) offers the better valuation at 10. 6x trailing P/E, making it the more compelling value choice. Analysts rate Inovio Pharmaceuticals, Inc. (INO) 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.

02

Which is the better long-term investment — INO or VXRT?

Over the past 5 years, Vaxart, Inc.

(VXRT) delivered a total return of -89. 7%, compared to -98. 3% for Inovio Pharmaceuticals, Inc. (INO). Over 10 years, the gap is even starker: VXRT returned -95. 8% versus INO's -98. 6%. 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 — INO or VXRT?

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

(VXRT) is the lower-risk stock at 0. 77β versus Inovio Pharmaceuticals, Inc. 's 1. 31β — meaning INO is approximately 71% more volatile than VXRT relative to the S&P 500. On balance sheet safety, Vaxart, Inc. (VXRT) carries a lower debt/equity ratio of 10% versus 39% for Inovio Pharmaceuticals, Inc. — giving it more financial flexibility in a downturn.

04

Which is growing faster — INO or VXRT?

By revenue growth (latest reported year), Vaxart, Inc.

(VXRT) is pulling ahead at 726. 7% versus -100. 0% for Inovio Pharmaceuticals, Inc. (INO). On earnings-per-share growth, the picture is similar: Vaxart, Inc. grew EPS 150. 0% year-over-year, compared to 54. 2% for Inovio Pharmaceuticals, 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 — INO or VXRT?

Vaxart, Inc.

(VXRT) is the more profitable company, earning 6. 9% net margin versus 0. 0% for Inovio Pharmaceuticals, Inc. — meaning it keeps 6. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: VXRT leads at 7. 6% versus 0. 0% for INO. At the gross margin level — before operating expenses — VXRT leads at 90. 4%, 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 — INO or VXRT?

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 INO or VXRT better for a retirement portfolio?

For long-horizon retirement investors, Vaxart, Inc.

(VXRT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 77)). Both have compounded well over 10 years (VXRT: -95. 8%, INO: -98. 6%), 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 INO and VXRT?

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: INO is a small-cap quality compounder stock; VXRT 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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INO

Quality Business

  • Sector: Healthcare
  • Market Cap > $100B
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VXRT

High-Growth Disruptor

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 293%
  • Net Margin > 5%
Run This Screen
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Revenue Growth>
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(INO: -155.9% · VXRT: 586.5%)

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