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Stock Comparison

MDXH vs ILMN

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

Live fundamentals10-year financials5-year price chart
MDXH
MDxHealth S.A.

Medical - Diagnostics & Research

HealthcareNASDAQ • BE
Market Cap$103M
5Y Perf.-77.9%
ILMN
Illumina, Inc.

Medical - Diagnostics & Research

HealthcareNASDAQ • US
Market Cap$21.07B
5Y Perf.-60.9%

MDXH vs ILMN — Key Financials

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

Company Snapshot
MDXH logoMDXH
ILMN logoILMN
IndustryMedical - Diagnostics & ResearchMedical - Diagnostics & Research
Market Cap$103M$21.07B
Revenue (TTM)$196M$4.39B
Net Income (TTM)$-68M$853M
Gross Margin63.8%67.1%
Operating Margin-16.5%20.9%
Forward P/E26.8x
Total Debt$60M$2.55B
Cash & Equiv.$47M$1.42B

MDXH vs ILMNLong-Term Stock Performance

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

MDXH
ILMN
StockNov 21May 26Return
MDxHealth S.A. (MDXH)10022.1-77.9%
Illumina, Inc. (ILMN)10039.1-60.9%

Price return only. Dividends and distributions are not included.

Quick Verdict: MDXH vs ILMN

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

Bottom line: ILMN leads in 4 of 6 categories, making it the strongest pick for profitability and margin quality and capital preservation and lower volatility. MDxHealth S.A. is the stronger pick specifically for growth and revenue expansion. As sector peers, any of these can serve as alternatives in the same allocation.
MDXH
MDxHealth S.A.
The Growth Play

MDXH is the clearest fit if your priority is growth exposure.

  • Rev growth 28.3%, EPS growth 30.1%, 3Y rev CAGR 59.4%
  • 28.3% revenue growth vs ILMN's -0.8%
Best for: growth exposure
ILMN
Illumina, Inc.
The Income Pick

ILMN carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.

  • beta 1.23
  • 0.7% 10Y total return vs MDXH's -83.3%
  • Lower volatility, beta 1.23, Low D/E 93.8%, current ratio 2.08x
Best for: income & stability and long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthMDXH logoMDXH28.3% revenue growth vs ILMN's -0.8%
Quality / MarginsILMN logoILMN19.4% margin vs MDXH's -34.4%
Stability / SafetyILMN logoILMNBeta 1.23 vs MDXH's 1.96, lower leverage
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)ILMN logoILMN+81.7% vs MDXH's +17.5%
Efficiency (ROA)ILMN logoILMN13.4% ROA vs MDXH's -48.0%, ROIC 16.8% vs -68.4%

MDXH vs ILMN — Revenue Breakdown by Segment

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

MDXHMDxHealth S.A.
FY 2023
Services Member
100.0%$70M
ILMNIllumina, Inc.
FY 2025
Sequencing
91.8%$4.0B
Microarray
8.2%$358M

MDXH vs ILMN — Financial Metrics

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

BEST OVERALLILMNLAGGINGMDXH

Income & Cash Flow (Last 12 Months)

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

ILMN is the larger business by revenue, generating $4.4B annually — 22.3x MDXH's $196M. ILMN is the more profitable business, keeping 19.4% of every revenue dollar as net income compared to MDXH's -34.4%. On growth, MDXH holds the edge at +26.7% YoY revenue growth, suggesting stronger near-term business momentum.

MetricMDXH logoMDXHMDxHealth S.A.ILMN logoILMNIllumina, Inc.
RevenueTrailing 12 months$196M$4.4B
EBITDAEarnings before interest/tax-$15M$1.1B
Net IncomeAfter-tax profit-$68M$853M
Free Cash FlowCash after capex-$29M$989M
Gross MarginGross profit ÷ Revenue+63.8%+67.1%
Operating MarginEBIT ÷ Revenue-16.5%+20.9%
Net MarginNet income ÷ Revenue-34.4%+19.4%
FCF MarginFCF ÷ Revenue-14.5%+22.5%
Rev. Growth (YoY)Latest quarter vs prior year+26.7%+4.8%
EPS Growth (YoY)Latest quarter vs prior year+58.9%+6.1%
ILMN leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

MDXH leads this category, winning 3 of 3 comparable metrics.
MetricMDXH logoMDXHMDxHealth S.A.ILMN logoILMNIllumina, Inc.
Market CapShares × price$103M$21.1B
Enterprise ValueMkt cap + debt − cash$117M$22.2B
Trailing P/EPrice ÷ TTM EPS-1.73x25.45x
Forward P/EPrice ÷ next-FY EPS est.26.77x
PEG RatioP/E ÷ EPS growth rate6.01x
EV / EBITDAEnterprise value multiple19.58x
Price / SalesMarket cap ÷ Revenue1.15x4.86x
Price / BookPrice ÷ Book value/share6.59x7.95x
Price / FCFMarket cap ÷ FCF22.63x
MDXH leads this category, winning 3 of 3 comparable metrics.

Profitability & Efficiency

ILMN leads this category, winning 7 of 9 comparable metrics.

ILMN delivers a 32.8% return on equity — every $100 of shareholder capital generates $33 in annual profit, vs $-3 for MDXH. ILMN carries lower financial leverage with a 0.94x debt-to-equity ratio, signaling a more conservative balance sheet compared to MDXH's 4.05x. On the Piotroski fundamental quality scale (0–9), ILMN scores 8/9 vs MDXH's 3/9, reflecting strong financial health.

MetricMDXH logoMDXHMDxHealth S.A.ILMN logoILMNIllumina, Inc.
ROE (TTM)Return on equity-3.5%+32.8%
ROA (TTM)Return on assets-48.0%+13.4%
ROICReturn on invested capital-68.4%+16.8%
ROCEReturn on capital employed-22.0%+17.6%
Piotroski ScoreFundamental quality 0–938
Debt / EquityFinancial leverage4.05x0.94x
Net DebtTotal debt minus cash$13M$1.1B
Cash & Equiv.Liquid assets$47M$1.4B
Total DebtShort + long-term debt$60M$2.6B
Interest CoverageEBIT ÷ Interest expense-0.83x12.09x
ILMN leads this category, winning 7 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in ILMN five years ago would be worth $3,717 today (with dividends reinvested), compared to $1,675 for MDXH. Over the past 12 months, ILMN leads with a +81.7% total return vs MDXH's +17.5%. The 3-year compound annual growth rate (CAGR) favors ILMN at -10.0% vs MDXH's -20.5% — a key indicator of consistent wealth creation.

MetricMDXH logoMDXHMDxHealth S.A.ILMN logoILMNIllumina, Inc.
YTD ReturnYear-to-date-41.4%+3.2%
1-Year ReturnPast 12 months+17.5%+81.7%
3-Year ReturnCumulative with dividends-49.8%-27.1%
5-Year ReturnCumulative with dividends-83.2%-62.8%
10-Year ReturnCumulative with dividends-83.3%+0.7%
CAGR (3Y)Annualised 3-year return-20.5%-10.0%
ILMN leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

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

ILMN is the less volatile stock with a 1.23 beta — it tends to amplify market swings less than MDXH's 1.96 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ILMN currently trades 89.2% from its 52-week high vs MDXH's 37.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricMDXH logoMDXHMDxHealth S.A.ILMN logoILMNIllumina, Inc.
Beta (5Y)Sensitivity to S&P 5001.96x1.23x
52-Week HighHighest price in past year$5.33$155.53
52-Week LowLowest price in past year$1.69$73.86
% of 52W HighCurrent price vs 52-week peak+37.7%+89.2%
RSI (14)Momentum oscillator 0–10035.365.2
Avg Volume (50D)Average daily shares traded185K1.5M
ILMN leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Wall Street rates MDXH as "Buy" and ILMN as "Buy". Consensus price targets imply 646.3% upside for MDXH (target: $15) vs 6.3% for ILMN (target: $147).

MetricMDXH logoMDXHMDxHealth S.A.ILMN logoILMNIllumina, Inc.
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$15.00$147.38
# AnalystsCovering analysts650
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%+3.5%
Insufficient data to determine a leader in this category.
Key Takeaway

ILMN leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). MDXH leads in 1 (Valuation Metrics).

Best OverallIllumina, Inc. (ILMN)Leads 4 of 6 categories
Loading custom metrics...

MDXH vs ILMN: Frequently Asked Questions

9 questions · data-driven answers · updated daily

01

Is MDXH or ILMN a better buy right now?

For growth investors, MDxHealth S.

A. (MDXH) is the stronger pick with 28. 3% revenue growth year-over-year, versus -0. 8% for Illumina, Inc. (ILMN). Illumina, Inc. (ILMN) offers the better valuation at 25. 5x trailing P/E (26. 8x forward), making it the more compelling value choice. Analysts rate MDxHealth S. A. (MDXH) 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 — MDXH or ILMN?

Over the past 5 years, Illumina, Inc.

(ILMN) delivered a total return of -62. 8%, compared to -83. 2% for MDxHealth S. A. (MDXH). Over 10 years, the gap is even starker: ILMN returned +0. 7% versus MDXH's -83. 3%. 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 — MDXH or ILMN?

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

(ILMN) is the lower-risk stock at 1. 23β versus MDxHealth S. A. 's 1. 96β — meaning MDXH is approximately 58% more volatile than ILMN relative to the S&P 500. On balance sheet safety, Illumina, Inc. (ILMN) carries a lower debt/equity ratio of 94% versus 4% for MDxHealth S. A. — giving it more financial flexibility in a downturn.

04

Which is growing faster — MDXH or ILMN?

By revenue growth (latest reported year), MDxHealth S.

A. (MDXH) is pulling ahead at 28. 3% versus -0. 8% for Illumina, Inc. (ILMN). On earnings-per-share growth, the picture is similar: Illumina, Inc. grew EPS 170. 9% year-over-year, compared to 30. 1% for MDxHealth S. A.. Over a 3-year CAGR, MDXH leads at 59. 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 — MDXH or ILMN?

Illumina, Inc.

(ILMN) is the more profitable company, earning 19. 6% net margin versus -42. 3% for MDxHealth S. A. — meaning it keeps 19. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ILMN leads at 19. 9% versus -27. 5% for MDXH. At the gross margin level — before operating expenses — ILMN leads at 66. 7%, 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 MDXH or ILMN more undervalued right now?

Analyst consensus price targets imply the most upside for MDXH: 646.

3% to $15. 00.

07

Which pays a better dividend — MDXH or ILMN?

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 MDXH or ILMN better for a retirement portfolio?

For long-horizon retirement investors, Illumina, Inc.

(ILMN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 23)). MDxHealth S. A. (MDXH) carries a higher beta of 1. 96 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (ILMN: +0. 7%, MDXH: -83. 3%), 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 MDXH and ILMN?

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: MDXH is a small-cap high-growth stock; ILMN is a mid-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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Quality Business

  • Sector: Healthcare
  • Market Cap > $100B
  • Net Margin > 11%
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