Biotechnology
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5 / 10Stock Comparison
LQDA vs MNKD vs UTHR vs INSM vs RARE
Revenue, margins, valuation, and 5-year total return — side by side.
Biotechnology
Biotechnology
Biotechnology
Biotechnology
LQDA vs MNKD vs UTHR vs INSM vs RARE — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Biotechnology | Biotechnology | Biotechnology | Biotechnology | Biotechnology |
| Market Cap | $3.67B | $1.10B | $24.95B | $22.62B | $2.57B |
| Revenue (TTM) | $69M | $361M | $3.17B | $606M | $669M |
| Net Income (TTM) | $-122M | $-24M | $1.29B | $-1.28B | $-609M |
| Gross Margin | 89.4% | 79.3% | 86.6% | 79.4% | 83.6% |
| Operating Margin | -155.0% | 4.1% | 45.3% | -194.0% | -83.9% |
| Forward P/E | 17.5x | 217.8x | 19.4x | — | — |
| Total Debt | $122M | $473M | $0.00 | $768M | $1.28B |
| Cash & Equiv. | $176M | $75M | $1.56B | $510M | $434M |
LQDA vs MNKD vs UTHR vs INSM vs RARE — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Liquidia Corporation (LQDA) | 100 | 457.6 | +357.6% |
| MannKind Corporation (MNKD) | 100 | 235.1 | +135.1% |
| United Therapeutics… (UTHR) | 100 | 482.6 | +382.6% |
| Insmed Incorporated (INSM) | 100 | 431.5 | +331.5% |
| Ultragenyx Pharmace… (RARE) | 100 | 38.2 | -61.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: LQDA vs MNKD vs UTHR vs INSM vs RARE
Each card shows where this stock fits in a portfolio — not just who wins on paper.
LQDA is the #2 pick in this set and the best alternative if value and momentum is your priority.
- Better valuation composite
- +172.2% vs MNKD's -26.8%
MNKD lags the leaders in this set but could rank higher in a more targeted comparison.
UTHR carries the broadest edge in this set and is the clearest fit for income & stability and defensive.
- Dividend streak 1 yrs, beta 0.19
- Beta 0.19, current ratio 6.60x
- 40.6% margin vs INSM's -210.5%
- Beta 0.19 vs RARE's 1.42
INSM ranks third and is worth considering specifically for growth exposure and long-term compounding.
- Rev growth 66.7%, EPS growth -15.1%, 3Y rev CAGR 35.2%
- 7.9% 10Y total return vs LQDA's 280.9%
- Lower volatility, beta 0.54, current ratio 3.83x
- 66.7% revenue growth vs LQDA's -20.0%
Among these 5 stocks, RARE doesn't own a clear edge in any measured category.
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 66.7% revenue growth vs LQDA's -20.0% | |
| Value | Better valuation composite | |
| Quality / Margins | 40.6% margin vs INSM's -210.5% | |
| Stability / Safety | Beta 0.19 vs RARE's 1.42 | |
| Dividends | Tie | None of these 5 stocks pay a meaningful dividend |
| Momentum (1Y) | +172.2% vs MNKD's -26.8% | |
| Efficiency (ROA) | 17.2% ROA vs INSM's -57.3%, ROIC 21.1% vs -86.5% |
LQDA vs MNKD vs UTHR vs INSM vs RARE — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
LQDA vs MNKD vs UTHR vs INSM vs RARE — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
UTHR leads in 3 of 6 categories
LQDA leads 1 • MNKD leads 0 • INSM leads 0 • RARE leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
Evenly matched — LQDA and UTHR each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
UTHR is the larger business by revenue, generating $3.2B annually — 45.8x LQDA's $69M. UTHR is the more profitable business, keeping 40.6% of every revenue dollar as net income compared to INSM's -2.1%. On growth, LQDA holds the edge at +11.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $69M | $361M | $3.2B | $606M | $669M |
| EBITDAEarnings before interest/tax | -$106M | $25M | $1.6B | -$1.2B | -$536M |
| Net IncomeAfter-tax profit | -$122M | -$24M | $1.3B | -$1.3B | -$609M |
| Free Cash FlowCash after capex | -$108M | $13M | $1.0B | -$998M | -$487M |
| Gross MarginGross profit ÷ Revenue | +89.4% | +79.3% | +86.6% | +79.4% | +83.6% |
| Operating MarginEBIT ÷ Revenue | -155.0% | +4.1% | +45.3% | -194.0% | -83.9% |
| Net MarginNet income ÷ Revenue | -176.0% | -6.6% | +40.6% | -2.1% | -91.0% |
| FCF MarginFCF ÷ Revenue | -155.8% | +3.6% | +32.1% | -164.5% | -72.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +11.2% | +15.1% | -1.6% | +152.6% | -2.4% |
| EPS Growth (YoY)Latest quarter vs prior year | +86.4% | -2.2% | -12.2% | -16.7% | -17.2% |
Valuation Metrics
UTHR leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
At 20.4x trailing earnings, UTHR trades at a 88% valuation discount to MNKD's 177.5x P/E. On an enterprise value basis, UTHR's 14.8x EV/EBITDA is more attractive than MNKD's 29.3x.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $3.7B | $1.1B | $24.9B | $22.6B | $2.6B |
| Enterprise ValueMkt cap + debt − cash | $3.6B | $1.5B | $23.4B | $22.9B | $3.4B |
| Trailing P/EPrice ÷ TTM EPS | -25.47x | 177.50x | 20.43x | -16.35x | -4.48x |
| Forward P/EPrice ÷ next-FY EPS est. | 17.54x | 217.79x | 19.38x | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — | 1.06x | — | — |
| EV / EBITDAEnterprise value multiple | — | 29.26x | 14.82x | — | — |
| Price / SalesMarket cap ÷ Revenue | 262.27x | 3.14x | 7.84x | 37.30x | 3.82x |
| Price / BookPrice ÷ Book value/share | 43.06x | — | 3.84x | 30.30x | — |
| Price / FCFMarket cap ÷ FCF | — | 80.08x | 23.97x | — | — |
Profitability & Efficiency
UTHR leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
UTHR delivers a 19.2% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $-6 for RARE. INSM carries lower financial leverage with a 1.04x debt-to-equity ratio, signaling a more conservative balance sheet compared to LQDA's 1.58x. On the Piotroski fundamental quality scale (0–9), UTHR scores 7/9 vs LQDA's 1/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | -5.5% | — | +19.2% | -168.4% | -6.1% |
| ROA (TTM)Return on assets | -44.2% | -3.9% | +17.2% | -57.3% | -45.8% |
| ROICReturn on invested capital | -5.0% | +21.6% | +21.1% | -86.5% | -89.4% |
| ROCEReturn on capital employed | -84.1% | +8.3% | +21.4% | -66.8% | -46.4% |
| Piotroski ScoreFundamental quality 0–9 | 1 | 4 | 7 | 4 | 4 |
| Debt / EquityFinancial leverage | 1.58x | — | — | 1.04x | — |
| Net DebtTotal debt minus cash | -$54M | $399M | -$1.6B | $258M | $842M |
| Cash & Equiv.Liquid assets | $176M | $75M | $1.6B | $510M | $434M |
| Total DebtShort + long-term debt | $122M | $473M | $0 | $768M | $1.3B |
| Interest CoverageEBIT ÷ Interest expense | -4.63x | 0.75x | 125.37x | -14.23x | -14.49x |
Total Returns (Dividends Reinvested)
LQDA leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in LQDA five years ago would be worth $159,547 today (with dividends reinvested), compared to $2,281 for RARE. Over the past 12 months, LQDA leads with a +172.2% total return vs MNKD's -26.8%. The 3-year compound annual growth rate (CAGR) favors LQDA at 77.2% vs RARE's -17.8% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +34.6% | -36.6% | +14.6% | -40.8% | +10.7% |
| 1-Year ReturnPast 12 months | +172.2% | -26.8% | +85.4% | +53.5% | -21.8% |
| 3-Year ReturnCumulative with dividends | +456.3% | -8.5% | +170.4% | +454.5% | -44.5% |
| 5-Year ReturnCumulative with dividends | +1495.5% | -17.2% | +191.3% | +221.7% | -77.2% |
| 10-Year ReturnCumulative with dividends | +280.9% | -46.2% | +410.0% | +793.5% | -59.4% |
| CAGR (3Y)Annualised 3-year return | +77.2% | -2.9% | +39.3% | +77.0% | -17.8% |
Risk & Volatility
UTHR leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
UTHR is the less volatile stock with a 0.19 beta — it tends to amplify market swings less than RARE's 1.42 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. UTHR currently trades 93.4% from its 52-week high vs INSM's 49.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.24x | 0.90x | 0.19x | 0.54x | 1.42x |
| 52-Week HighHighest price in past year | $46.67 | $6.51 | $609.35 | $212.75 | $42.37 |
| 52-Week LowLowest price in past year | $11.85 | $2.23 | $272.12 | $63.81 | $18.29 |
| % of 52W HighCurrent price vs 52-week peak | +90.6% | +54.5% | +93.4% | +49.3% | +61.7% |
| RSI (14)Momentum oscillator 0–100 | 65.2 | 74.3 | 65.0 | 41.9 | 66.6 |
| Avg Volume (50D)Average daily shares traded | 1.1M | 6.4M | 516K | 2.3M | 1.8M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Analyst consensus: LQDA as "Buy", MNKD as "Buy", UTHR as "Buy", INSM as "Buy", RARE as "Buy". Consensus price targets imply 107.2% upside for INSM (target: $217) vs 7.3% for UTHR (target: $611).
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $50.67 | $7.00 | $610.67 | $217.11 | $51.50 |
| # AnalystsCovering analysts | 7 | 19 | 30 | 35 | 33 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | — | — |
| Dividend StreakConsecutive years of raises | — | — | 1 | — | 1 |
| Dividend / ShareAnnual DPS | — | — | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | +4.0% | 0.0% | 0.0% |
UTHR leads in 3 of 6 categories (Valuation Metrics, Profitability & Efficiency). LQDA leads in 1 (Total Returns). 1 tied.
LQDA vs MNKD vs UTHR vs INSM vs RARE: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is LQDA or MNKD or UTHR or INSM or RARE a better buy right now?
For growth investors, Insmed Incorporated (INSM) is the stronger pick with 66.
7% revenue growth year-over-year, versus -20. 0% for Liquidia Corporation (LQDA). United Therapeutics Corporation (UTHR) offers the better valuation at 20. 4x trailing P/E (19. 4x forward), making it the more compelling value choice. Analysts rate Liquidia Corporation (LQDA) a "Buy" — based on 7 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 has the better valuation — LQDA or MNKD or UTHR or INSM or RARE?
On trailing P/E, United Therapeutics Corporation (UTHR) is the cheapest at 20.
4x versus MannKind Corporation at 177. 5x. On forward P/E, Liquidia Corporation is actually cheaper at 17. 5x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — LQDA or MNKD or UTHR or INSM or RARE?
Over the past 5 years, Liquidia Corporation (LQDA) delivered a total return of +1495%, compared to -77.
2% for Ultragenyx Pharmaceutical Inc. (RARE). Over 10 years, the gap is even starker: INSM returned +793. 5% versus RARE's -59. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — LQDA or MNKD or UTHR or INSM or RARE?
By beta (market sensitivity over 5 years), United Therapeutics Corporation (UTHR) is the lower-risk stock at 0.
19β versus Ultragenyx Pharmaceutical Inc. 's 1. 42β — meaning RARE is approximately 640% more volatile than UTHR relative to the S&P 500. On balance sheet safety, Insmed Incorporated (INSM) carries a lower debt/equity ratio of 104% versus 158% for Liquidia Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — LQDA or MNKD or UTHR or INSM or RARE?
By revenue growth (latest reported year), Insmed Incorporated (INSM) is pulling ahead at 66.
7% versus -20. 0% for Liquidia Corporation (LQDA). On earnings-per-share growth, the picture is similar: United Therapeutics Corporation grew EPS 13. 1% year-over-year, compared to -79. 4% for MannKind Corporation. Over a 3-year CAGR, MNKD leads at 51. 8% 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.
06Which has better profit margins — LQDA or MNKD or UTHR or INSM or RARE?
United Therapeutics Corporation (UTHR) is the more profitable company, earning 41.
9% net margin versus -931. 7% for Liquidia Corporation — meaning it keeps 41. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: UTHR leads at 46. 9% versus -866. 6% for LQDA. At the gross margin level — before operating expenses — UTHR leads at 87. 9%, 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.
07Is LQDA or MNKD or UTHR or INSM or RARE more undervalued right now?
On forward earnings alone, Liquidia Corporation (LQDA) trades at 17.
5x forward P/E versus 217. 8x for MannKind Corporation — 200. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for INSM: 107. 2% to $217. 11.
08Which pays a better dividend — LQDA or MNKD or UTHR or INSM or RARE?
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.
09Is LQDA or MNKD or UTHR or INSM or RARE better for a retirement portfolio?
For long-horizon retirement investors, United Therapeutics Corporation (UTHR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
19), +410. 0% 10Y return). Both have compounded well over 10 years (UTHR: +410. 0%, RARE: -59. 4%), 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.
10What are the main differences between LQDA and MNKD and UTHR and INSM and RARE?
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: LQDA is a small-cap quality compounder stock; MNKD is a small-cap high-growth stock; UTHR is a mid-cap quality compounder stock; INSM is a mid-cap high-growth stock; RARE 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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