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MAZE
RARE logo
RARE
FOLD logo
FOLD
IONS logo
IONS
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Stock Comparison

MAZE vs RARE vs FOLD vs IONS

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

Live fundamentals10-year financials5-year price chart
MAZE
Maze Therapeutics, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$1.33B
5Y Perf.+50.8%
RARE
Ultragenyx Pharmaceutical Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$2.36B
5Y Perf.-44.4%
FOLD
Amicus Therapeutics, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$4.55B
5Y Perf.+50.9%
IONS
Ionis Pharmaceuticals, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$12.20B
5Y Perf.+129.7%

MAZE vs RARE vs FOLD vs IONS — Key Financials

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

Company Snapshot
MAZE logoMAZE
RARE logoRARE
FOLD logoFOLD
IONS logoIONS
IndustryBiotechnologyBiotechnologyBiotechnologyBiotechnology
Market Cap$1.33B$2.36B$4.55B$12.20B
Revenue (TTM)$20M$669M$634M$1.06B
Net Income (TTM)$-123M$-609M$-27M$-327M
Gross Margin92.0%83.6%87.9%98.3%
Operating Margin-6.7%-83.9%5.2%-33.3%
Forward P/E40.6x
Total Debt$23M$1.28B$483M$2.61B
Cash & Equiv.$189M$434M$214M$372M

MAZE vs RARE vs FOLD vs IONSLong-Term Stock Performance

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

MAZE
RARE
FOLD
IONS
StockJan 25Jun 26Return
Maze Therapeutics, … (MAZE)100150.8+50.8%
Ultragenyx Pharmace… (RARE)10055.6-44.4%
Amicus Therapeutics… (FOLD)100150.9+50.9%
Ionis Pharmaceutica… (IONS)100229.7+129.7%

Price return only. Dividends and distributions are not included.

Quick Verdict: MAZE vs RARE vs FOLD vs IONS

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

Bottom line: FOLD leads in 3 of 6 categories, making it the strongest pick for profitability and margin quality and recent price momentum and sentiment. Ionis Pharmaceuticals, Inc. is the stronger pick specifically 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.
🥇FOLD emerged as the overall leader. Track its performance:
MAZE
Maze Therapeutics, Inc.
The Specific-Use Pick

MAZE plays a supporting role in this comparison — it may shine differently against other peers.

Best for: healthcare exposure
RARE
Ultragenyx Pharmaceutical Inc.
The Growth Angle

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

Best for: healthcare exposure
FOLD
Amicus Therapeutics, Inc.
The Quality Compounder

FOLD carries the broadest edge in this set and is the clearest fit for quality and momentum.

  • -4.3% margin vs MAZE's -6.1%
  • +136.0% vs RARE's -36.1%
  • -3.2% ROA vs RARE's -45.8%, ROIC 5.3% vs -89.4%
Best for: quality and momentum
IONS
Ionis Pharmaceuticals, Inc.
The Income Pick

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

  • beta 0.41
  • Rev growth 33.9%, EPS growth 21.7%, 3Y rev CAGR 17.1%
  • 243.8% 10Y total return vs FOLD's 147.3%
  • Lower volatility, beta 0.41, current ratio 3.83x
Best for: income & stability and growth exposure
See the full category breakdown
CategoryWinnerWhy
GrowthIONS logoIONS33.9% revenue growth vs MAZE's -100.0%
Quality / MarginsFOLD logoFOLD-4.3% margin vs MAZE's -6.1%
Stability / SafetyIONS logoIONSBeta 0.41 vs RARE's 1.47
DividendsTieNone of these 4 stocks pay a meaningful dividend
Momentum (1Y)FOLD logoFOLD+136.0% vs RARE's -36.1%
Efficiency (ROA)FOLD logoFOLD-3.2% ROA vs RARE's -45.8%, ROIC 5.3% vs -89.4%

MAZE vs RARE vs FOLD vs IONS — Revenue Breakdown by Segment

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

MAZEMaze Therapeutics, Inc.

Segment breakdown not available.

RAREUltragenyx Pharmaceutical Inc.
FY 2025
Product
54.8%$369M
Royalty
45.2%$304M
FOLDAmicus Therapeutics, Inc.

Segment breakdown not available.

IONSIonis Pharmaceuticals, Inc.
FY 2025
Commercial Member
52.1%$436M
Royalty
34.1%$286M
Product
13.8%$115M

MAZE vs RARE vs FOLD vs IONS — Financial Metrics

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

BEST OVERALLFOLDLAGGINGRARE

Income & Cash Flow (Last 12 Months)

FOLD leads this category, winning 3 of 6 comparable metrics.

IONS is the larger business by revenue, generating $1.1B annually — 52.9x MAZE's $20M. Profitability is closely matched — net margins range from -4.3% (FOLD) to -6.1% (MAZE). On growth, IONS holds the edge at +87.0% YoY revenue growth, suggesting stronger near-term business momentum.

MetricMAZE logoMAZEMaze Therapeutics…RARE logoRAREUltragenyx Pharma…FOLD logoFOLDAmicus Therapeuti…IONS logoIONSIonis Pharmaceuti…
RevenueTrailing 12 months$20M$669M$634M$1.1B
EBITDAEarnings before interest/tax-$132M-$536M$40M$4.5B
Net IncomeAfter-tax profit-$123M-$609M-$27M-$327M
Free Cash FlowCash after capex-$122M-$487M$30M-$971M
Gross MarginGross profit ÷ Revenue+92.0%+83.6%+87.9%+98.3%
Operating MarginEBIT ÷ Revenue-6.7%-83.9%+5.2%-33.3%
Net MarginNet income ÷ Revenue-6.1%-91.0%-4.3%-30.9%
FCF MarginFCF ÷ Revenue-6.1%-72.8%+4.7%-91.8%
Rev. Growth (YoY)Latest quarter vs prior year-2.4%+23.7%+87.0%
EPS Growth (YoY)Latest quarter vs prior year+39.9%-17.2%-89.0%+39.8%
FOLD leads this category, winning 3 of 6 comparable metrics.

Valuation Metrics

Evenly matched — MAZE and RARE and FOLD each lead in 1 of 3 comparable metrics.
MetricMAZE logoMAZEMaze Therapeutics…RARE logoRAREUltragenyx Pharma…FOLD logoFOLDAmicus Therapeuti…IONS logoIONSIonis Pharmaceuti…
Market CapShares × price$1.3B$2.4B$4.5B$12.2B
Enterprise ValueMkt cap + debt − cash$1.2B$3.2B$4.8B$14.4B
Trailing P/EPrice ÷ TTM EPS-7.90x-4.11x-164.85x-31.02x
Forward P/EPrice ÷ next-FY EPS est.40.62x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple114.88x
Price / SalesMarket cap ÷ Revenue3.50x7.17x12.92x
Price / BookPrice ÷ Book value/share2.92x16.29x24.15x
Price / FCFMarket cap ÷ FCF152.43x
Evenly matched — MAZE and RARE and FOLD each lead in 1 of 3 comparable metrics.

Profitability & Efficiency

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

FOLD delivers a -12.0% return on equity — every $100 of shareholder capital generates $-12 in annual profit, vs $-6 for RARE. MAZE carries lower financial leverage with a 0.07x debt-to-equity ratio, signaling a more conservative balance sheet compared to IONS's 5.35x. On the Piotroski fundamental quality scale (0–9), MAZE scores 4/9 vs IONS's 3/9, reflecting mixed financial health.

MetricMAZE logoMAZEMaze Therapeutics…RARE logoRAREUltragenyx Pharma…FOLD logoFOLDAmicus Therapeuti…IONS logoIONSIonis Pharmaceuti…
ROE (TTM)Return on equity-36.6%-6.1%-12.0%-58.6%
ROA (TTM)Return on assets-31.8%-45.8%-3.2%-10.1%
ROICReturn on invested capital-99.4%-89.4%+5.3%-12.8%
ROCEReturn on capital employed-48.1%-46.4%+5.1%-14.1%
Piotroski ScoreFundamental quality 0–94443
Debt / EquityFinancial leverage0.07x1.76x5.35x
Net DebtTotal debt minus cash-$166M$842M$269M$2.2B
Cash & Equiv.Liquid assets$189M$434M$214M$372M
Total DebtShort + long-term debt$23M$1.3B$483M$2.6B
Interest CoverageEBIT ÷ Interest expense-148.24x-14.49x1.00x-3.64x
FOLD leads this category, winning 6 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in IONS five years ago would be worth $19,462 today (with dividends reinvested), compared to $2,358 for RARE. Over the past 12 months, FOLD leads with a +136.0% total return vs RARE's -36.1%. The 3-year compound annual growth rate (CAGR) favors IONS at 21.0% vs RARE's -22.4% — a key indicator of consistent wealth creation.

MetricMAZE logoMAZEMaze Therapeutics…RARE logoRAREUltragenyx Pharma…FOLD logoFOLDAmicus Therapeuti…IONS logoIONSIonis Pharmaceuti…
YTD ReturnYear-to-date-39.4%+1.6%+1.5%-7.3%
1-Year ReturnPast 12 months+88.5%-36.1%+136.0%+104.0%
3-Year ReturnCumulative with dividends+51.0%-53.3%+11.6%+77.3%
5-Year ReturnCumulative with dividends+51.0%-76.4%+36.4%+94.6%
10-Year ReturnCumulative with dividends+51.0%-60.0%+147.3%+243.8%
CAGR (3Y)Annualised 3-year return+14.7%-22.4%+3.7%+21.0%
IONS leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

Evenly matched — FOLD and IONS each lead in 1 of 2 comparable metrics.

IONS is the less volatile stock with a 0.41 beta — it tends to amplify market swings less than RARE's 1.47 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FOLD currently trades 99.9% from its 52-week high vs MAZE's 44.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricMAZE logoMAZEMaze Therapeutics…RARE logoRAREUltragenyx Pharma…FOLD logoFOLDAmicus Therapeuti…IONS logoIONSIonis Pharmaceuti…
Beta (5Y)Sensitivity to S&P 5001.13x1.47x0.50x0.41x
52-Week HighHighest price in past year$53.65$42.37$14.50$86.74
52-Week LowLowest price in past year$9.83$18.29$5.51$34.78
% of 52W HighCurrent price vs 52-week peak+44.9%+56.6%+99.9%+85.1%
RSI (14)Momentum oscillator 0–10037.047.572.244.2
Avg Volume (50D)Average daily shares traded646K1.5M2.3M1.6M
Evenly matched — FOLD and IONS each lead in 1 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Analyst consensus: MAZE as "Buy", RARE as "Buy", FOLD as "Buy", IONS as "Buy". Consensus price targets imply 162.6% upside for MAZE (target: $63) vs 0.1% for FOLD (target: $15).

MetricMAZE logoMAZEMaze Therapeutics…RARE logoRAREUltragenyx Pharma…FOLD logoFOLDAmicus Therapeuti…IONS logoIONSIonis Pharmaceuti…
Analyst RatingConsensus buy/hold/sellBuyBuyBuyBuy
Price TargetConsensus 12-month target$63.25$48.36$14.50$107.27
# AnalystsCovering analysts6332432
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises1
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%0.0%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

FOLD leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). IONS leads in 1 (Total Returns). 2 tied.

Best OverallAmicus Therapeutics, Inc. (FOLD)Leads 2 of 6 categories
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MAZE vs RARE vs FOLD vs IONS: Key Questions Answered

9 questions · data-driven answers · updated daily

01

Is MAZE or RARE or FOLD or IONS a better buy right now?

For growth investors, Ionis Pharmaceuticals, Inc.

(IONS) is the stronger pick with 33. 9% revenue growth year-over-year, versus -100. 0% for Maze Therapeutics, Inc. (MAZE). Analysts rate Maze Therapeutics, Inc. (MAZE) a "Buy" — based on 6 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 — MAZE or RARE or FOLD or IONS?

Over the past 5 years, Ionis Pharmaceuticals, Inc.

(IONS) delivered a total return of +94. 6%, compared to -76. 4% for Ultragenyx Pharmaceutical Inc. (RARE). Over 10 years, the gap is even starker: IONS returned +243. 8% versus RARE's -60. 0%. 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 — MAZE or RARE or FOLD or IONS?

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

(IONS) is the lower-risk stock at 0. 41β versus Ultragenyx Pharmaceutical Inc. 's 1. 47β — meaning RARE is approximately 256% more volatile than IONS relative to the S&P 500. On balance sheet safety, Maze Therapeutics, Inc. (MAZE) carries a lower debt/equity ratio of 7% versus 5% for Ionis Pharmaceuticals, Inc. — giving it more financial flexibility in a downturn.

04

Which is growing faster — MAZE or RARE or FOLD or IONS?

By revenue growth (latest reported year), Ionis Pharmaceuticals, Inc.

(IONS) is pulling ahead at 33. 9% versus -100. 0% for Maze Therapeutics, Inc. (MAZE). On earnings-per-share growth, the picture is similar: Amicus Therapeutics, Inc. grew EPS 51. 2% year-over-year, compared to -40. 2% for Maze Therapeutics, Inc.. Over a 3-year CAGR, FOLD leads at 24. 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 — MAZE or RARE or FOLD or IONS?

Amicus Therapeutics, Inc.

(FOLD) is the more profitable company, earning -4. 3% net margin versus -612. 7% for Maze Therapeutics, Inc. — meaning it keeps -4. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FOLD leads at 5. 4% versus -670. 3% for MAZE. 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

Is MAZE or RARE or FOLD or IONS more undervalued right now?

Analyst consensus price targets imply the most upside for MAZE: 162.

6% to $63. 25.

07

Which pays a better dividend — MAZE or RARE or FOLD 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.

08

Is MAZE or RARE or FOLD 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. 41), +243. 8% 10Y return). Both have compounded well over 10 years (IONS: +243. 8%, RARE: -60. 0%), 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 MAZE and RARE and FOLD 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.

In terms of investment character: MAZE is a small-cap quality compounder stock; RARE is a small-cap high-growth stock; FOLD is a small-cap high-growth stock; IONS is a mid-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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