Biotechnology
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MNKD vs PTCT vs ACAD vs RARE vs LGND
Revenue, margins, valuation, and 5-year total return — side by side.
Biotechnology
Biotechnology
Biotechnology
Biotechnology
MNKD vs PTCT vs ACAD vs RARE vs LGND — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Biotechnology | Biotechnology | Biotechnology | Biotechnology | Biotechnology |
| Market Cap | $1.09B | $6.11B | $3.84B | $2.57B | $4.35B |
| Revenue (TTM) | $361M | $827M | $1.10B | $669M | $251M |
| Net Income (TTM) | $-24M | $-187M | $376M | $-609M | $49M |
| Gross Margin | 79.3% | 49.7% | 91.5% | 83.6% | 85.9% |
| Operating Margin | 4.1% | -8.3% | 7.4% | -83.9% | 7.0% |
| Forward P/E | 176.0x | 9.5x | 55.6x | — | 24.6x |
| Total Debt | $473M | $492M | $52M | $1.28B | $7M |
| Cash & Equiv. | $75M | $985M | $178M | $434M | $72M |
MNKD vs PTCT vs ACAD vs RARE vs LGND — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| MannKind Corporation (MNKD) | 100 | 233.1 | +133.1% |
| PTC Therapeutics, I… (PTCT) | 100 | 145.3 | +45.3% |
| ACADIA Pharmaceutic… (ACAD) | 100 | 45.1 | -54.9% |
| Ultragenyx Pharmace… (RARE) | 100 | 38.2 | -61.8% |
| Ligand Pharmaceutic… (LGND) | 100 | 218.0 | +118.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: MNKD vs PTCT vs ACAD vs RARE vs LGND
Each card shows where this stock fits in a portfolio — not just who wins on paper.
MNKD lags the leaders in this set but could rank higher in a more targeted comparison.
PTCT has the current edge in this matchup, primarily because of its strength in growth exposure and long-term compounding.
- Rev growth 114.5%, EPS growth 264.5%, 3Y rev CAGR 35.3%
- 8.5% 10Y total return vs LGND's 82.2%
- 114.5% revenue growth vs ACAD's 11.9%
- Lower P/E (9.5x vs 24.6x)
ACAD is the #2 pick in this set and the best alternative if quality and efficiency is your priority.
- 34.3% margin vs RARE's -91.0%
- 26.2% ROA vs RARE's -45.8%, ROIC 10.0% vs -89.4%
Among these 5 stocks, RARE doesn't own a clear edge in any measured category.
LGND ranks third and is worth considering specifically for income & stability and sleep-well-at-night.
- Dividend streak 1 yrs, beta 1.03
- Lower volatility, beta 1.03, Low D/E 0.9%, current ratio 8.93x
- Beta 1.03, current ratio 8.93x
- Beta 1.03 vs RARE's 1.36
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 114.5% revenue growth vs ACAD's 11.9% | |
| Value | Lower P/E (9.5x vs 24.6x) | |
| Quality / Margins | 34.3% margin vs RARE's -91.0% | |
| Stability / Safety | Beta 1.03 vs RARE's 1.36 | |
| Dividends | Tie | None of these 5 stocks pay a meaningful dividend |
| Momentum (1Y) | +116.0% vs RARE's -27.4% | |
| Efficiency (ROA) | 26.2% ROA vs RARE's -45.8%, ROIC 10.0% vs -89.4% |
MNKD vs PTCT vs ACAD vs RARE vs LGND — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
MNKD vs PTCT vs ACAD vs RARE vs LGND — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
LGND leads in 2 of 6 categories
ACAD leads 1 • MNKD leads 0 • PTCT leads 0 • RARE leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
ACAD leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
ACAD is the larger business by revenue, generating $1.1B annually — 4.4x LGND's $251M. ACAD is the more profitable business, keeping 34.3% of every revenue dollar as net income compared to RARE's -91.0%. On growth, LGND holds the edge at +122.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $361M | $827M | $1.1B | $669M | $251M |
| EBITDAEarnings before interest/tax | $25M | -$37M | $96M | -$536M | $52M |
| Net IncomeAfter-tax profit | -$24M | -$187M | $376M | -$609M | $49M |
| Free Cash FlowCash after capex | $13M | -$169M | $212M | -$487M | $31M |
| Gross MarginGross profit ÷ Revenue | +79.3% | +49.7% | +91.5% | +83.6% | +85.9% |
| Operating MarginEBIT ÷ Revenue | +4.1% | -8.3% | +7.4% | -83.9% | +7.0% |
| Net MarginNet income ÷ Revenue | -6.6% | -22.6% | +34.3% | -91.0% | +19.3% |
| FCF MarginFCF ÷ Revenue | +3.5% | -20.4% | +19.4% | -72.8% | +12.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +15.1% | -76.8% | +9.7% | -2.4% | +122.8% |
| EPS Growth (YoY)Latest quarter vs prior year | -2.2% | -100.3% | -81.8% | -17.2% | +15.6% |
Valuation Metrics
Evenly matched — PTCT and LGND each lead in 2 of 6 comparable metrics.
Valuation Metrics
At 9.5x trailing earnings, PTCT trades at a 95% valuation discount to MNKD's 176.0x P/E. On an enterprise value basis, PTCT's 6.3x EV/EBITDA is more attractive than LGND's 339.3x.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $1.1B | $6.1B | $3.8B | $2.6B | $4.4B |
| Enterprise ValueMkt cap + debt − cash | $1.5B | $5.6B | $3.7B | $3.4B | $4.3B |
| Trailing P/EPrice ÷ TTM EPS | 176.00x | 9.47x | 9.78x | -4.48x | -1006.41x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — | 55.62x | — | 24.64x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — | — |
| EV / EBITDAEnterprise value multiple | 29.09x | 6.27x | 26.71x | — | 339.34x |
| Price / SalesMarket cap ÷ Revenue | 3.12x | 3.53x | 3.58x | 3.82x | 26.04x |
| Price / BookPrice ÷ Book value/share | — | — | 3.13x | — | 4.88x |
| Price / FCFMarket cap ÷ FCF | 79.44x | 8.70x | 36.48x | — | 56.22x |
Profitability & Efficiency
Evenly matched — PTCT and LGND each lead in 3 of 9 comparable metrics.
Profitability & Efficiency
ACAD delivers a 35.6% return on equity — every $100 of shareholder capital generates $36 in annual profit, vs $-6 for RARE. LGND carries lower financial leverage with a 0.01x debt-to-equity ratio, signaling a more conservative balance sheet compared to ACAD's 0.04x. On the Piotroski fundamental quality scale (0–9), PTCT scores 7/9 vs RARE's 4/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | — | — | +35.6% | -6.1% | +5.1% |
| ROA (TTM)Return on assets | -3.9% | -6.8% | +26.2% | -45.8% | +3.3% |
| ROICReturn on invested capital | +21.6% | — | +10.0% | -89.4% | -2.3% |
| ROCEReturn on capital employed | +8.3% | +55.9% | +10.1% | -46.4% | -2.7% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 7 | 6 | 4 | 5 |
| Debt / EquityFinancial leverage | — | — | 0.04x | — | 0.01x |
| Net DebtTotal debt minus cash | $399M | -$492M | -$126M | $842M | -$65M |
| Cash & Equiv.Liquid assets | $75M | $985M | $178M | $434M | $72M |
| Total DebtShort + long-term debt | $473M | $492M | $52M | $1.3B | $7M |
| Interest CoverageEBIT ÷ Interest expense | 0.75x | -1.67x | — | -14.49x | 22.69x |
Total Returns (Dividends Reinvested)
LGND leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PTCT five years ago would be worth $18,943 today (with dividends reinvested), compared to $2,391 for RARE. Over the past 12 months, LGND leads with a +116.0% total return vs RARE's -27.4%. The 3-year compound annual growth rate (CAGR) favors LGND at 41.9% vs RARE's -17.8% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | -37.1% | -4.0% | -14.3% | +10.7% | +16.5% |
| 1-Year ReturnPast 12 months | -24.0% | +73.3% | +32.3% | -27.4% | +116.0% |
| 3-Year ReturnCumulative with dividends | -9.3% | +32.7% | +3.9% | -44.5% | +185.9% |
| 5-Year ReturnCumulative with dividends | -13.5% | +89.4% | +6.6% | -76.1% | +74.8% |
| 10-Year ReturnCumulative with dividends | -46.7% | +852.1% | -23.4% | -59.4% | +82.2% |
| CAGR (3Y)Annualised 3-year return | -3.2% | +9.9% | +1.3% | -17.8% | +41.9% |
Risk & Volatility
LGND leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
LGND is the less volatile stock with a 1.03 beta — it tends to amplify market swings less than RARE's 1.36 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. LGND currently trades 89.5% from its 52-week high vs MNKD's 54.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.09x | 1.03x | 1.11x | 1.36x | 1.03x |
| 52-Week HighHighest price in past year | $6.51 | $87.50 | $27.81 | $42.37 | $247.38 |
| 52-Week LowLowest price in past year | $2.23 | $39.53 | $14.68 | $18.29 | $98.89 |
| % of 52W HighCurrent price vs 52-week peak | +54.1% | +84.2% | +80.5% | +61.6% | +89.5% |
| RSI (14)Momentum oscillator 0–100 | 73.8 | 40.0 | 53.8 | 67.7 | 42.0 |
| Avg Volume (50D)Average daily shares traded | 6.0M | 1.1M | 1.7M | 1.8M | 226K |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Analyst consensus: MNKD as "Buy", PTCT as "Buy", ACAD as "Buy", RARE as "Buy", LGND as "Buy". Consensus price targets imply 134.4% upside for MNKD (target: $8) vs 20.9% for LGND (target: $268).
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $8.25 | $98.00 | $34.78 | $48.36 | $267.75 |
| # AnalystsCovering analysts | 19 | 26 | 37 | 33 | 17 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | — | — |
| Dividend StreakConsecutive years of raises | — | — | — | 1 | 1 |
| Dividend / ShareAnnual DPS | — | — | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
LGND leads in 2 of 6 categories (Total Returns, Risk & Volatility). ACAD leads in 1 (Income & Cash Flow). 2 tied.
MNKD vs PTCT vs ACAD vs RARE vs LGND: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is MNKD or PTCT or ACAD or RARE or LGND a better buy right now?
For growth investors, PTC Therapeutics, Inc.
(PTCT) is the stronger pick with 114. 5% revenue growth year-over-year, versus 11. 9% for ACADIA Pharmaceuticals Inc. (ACAD). PTC Therapeutics, Inc. (PTCT) offers the better valuation at 9. 5x trailing P/E, making it the more compelling value choice. Analysts rate MannKind Corporation (MNKD) a "Buy" — based on 19 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 — MNKD or PTCT or ACAD or RARE or LGND?
On trailing P/E, PTC Therapeutics, Inc.
(PTCT) is the cheapest at 9. 5x versus MannKind Corporation at 176. 0x. On forward P/E, Ligand Pharmaceuticals Incorporated is actually cheaper at 24. 6x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — MNKD or PTCT or ACAD or RARE or LGND?
Over the past 5 years, PTC Therapeutics, Inc.
(PTCT) delivered a total return of +89. 4%, compared to -76. 1% for Ultragenyx Pharmaceutical Inc. (RARE). Over 10 years, the gap is even starker: PTCT returned +852. 1% 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 — MNKD or PTCT or ACAD or RARE or LGND?
By beta (market sensitivity over 5 years), Ligand Pharmaceuticals Incorporated (LGND) is the lower-risk stock at 1.
03β versus Ultragenyx Pharmaceutical Inc. 's 1. 36β — meaning RARE is approximately 33% more volatile than LGND relative to the S&P 500. On balance sheet safety, Ligand Pharmaceuticals Incorporated (LGND) carries a lower debt/equity ratio of 1% versus 4% for ACADIA Pharmaceuticals Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — MNKD or PTCT or ACAD or RARE or LGND?
By revenue growth (latest reported year), PTC Therapeutics, Inc.
(PTCT) is pulling ahead at 114. 5% versus 11. 9% for ACADIA Pharmaceuticals Inc. (ACAD). On earnings-per-share growth, the picture is similar: PTC Therapeutics, Inc. grew EPS 264. 5% year-over-year, compared to -107. 5% for Ligand Pharmaceuticals Incorporated. 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 — MNKD or PTCT or ACAD or RARE or LGND?
PTC Therapeutics, Inc.
(PTCT) is the more profitable company, earning 39. 4% net margin versus -85. 4% for Ultragenyx Pharmaceutical Inc. — meaning it keeps 39. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PTCT leads at 49. 5% versus -79. 5% for RARE. At the gross margin level — before operating expenses — PTCT leads at 95. 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 MNKD or PTCT or ACAD or RARE or LGND more undervalued right now?
On forward earnings alone, Ligand Pharmaceuticals Incorporated (LGND) trades at 24.
6x forward P/E versus 55. 6x for ACADIA Pharmaceuticals Inc. — 31. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MNKD: 134. 4% to $8. 25.
08Which pays a better dividend — MNKD or PTCT or ACAD or RARE or LGND?
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 MNKD or PTCT or ACAD or RARE or LGND better for a retirement portfolio?
For long-horizon retirement investors, PTC Therapeutics, Inc.
(PTCT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 03), +852. 1% 10Y return). Both have compounded well over 10 years (PTCT: +852. 1%, 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 MNKD and PTCT and ACAD and RARE and LGND?
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: MNKD is a small-cap high-growth stock; PTCT is a small-cap high-growth stock; ACAD is a small-cap deep-value stock; RARE is a small-cap high-growth stock; LGND 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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