Biotechnology
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MRNA vs BNTX vs PFE vs NVAX
Revenue, margins, valuation, and 5-year total return — side by side.
Biotechnology
Drug Manufacturers - General
Biotechnology
MRNA vs BNTX vs PFE vs NVAX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Biotechnology | Biotechnology | Drug Manufacturers - General | Biotechnology |
| Market Cap | $19.35B | $23.94B | $150.77B | $1.53B |
| Revenue (TTM) | $2.23B | $2.86B | $63.31B | $596M |
| Net Income (TTM) | $-3.19B | $-1.13B | $7.49B | $-88M |
| Gross Margin | -13.9% | 77.7% | 69.3% | 84.6% |
| Operating Margin | -153.3% | -45.9% | 23.4% | -11.2% |
| Forward P/E | — | — | 9.0x | 3.7x |
| Total Debt | $1.92B | $267M | $67.42B | $249M |
| Cash & Equiv. | $2.60B | $7.67B | $1.14B | $241M |
MRNA vs BNTX vs PFE vs NVAX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Moderna, Inc. (MRNA) | 100 | 79.3 | -20.7% |
| BioNTech SE (BNTX) | 100 | 192.3 | +92.3% |
| Pfizer Inc. (PFE) | 100 | 73.2 | -26.8% |
| Novavax, Inc. (NVAX) | 100 | 20.3 | -79.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: MRNA vs BNTX vs PFE vs NVAX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
MRNA is the clearest fit if your priority is momentum.
- +99.7% vs BNTX's +0.5%
BNTX is the clearest fit if your priority is long-term compounding and sleep-well-at-night.
- 5.8% 10Y total return vs PFE's 30.7%
- Lower volatility, beta 1.14, Low D/E 1.4%, current ratio 7.54x
- Beta 1.14, current ratio 7.54x
PFE carries the broadest edge in this set and is the clearest fit for income & stability.
- Dividend streak 15 yrs, beta 0.54, yield 6.5%
- 11.8% margin vs MRNA's -143.6%
- Beta 0.54 vs NVAX's 2.11
- 6.5% yield; 15-year raise streak; the other 3 pay no meaningful dividend
NVAX is the #2 pick in this set and the best alternative if growth exposure is your priority.
- Rev growth 64.7%, EPS growth 306.5%, 3Y rev CAGR -11.1%
- 64.7% revenue growth vs MRNA's -39.2%
- Better valuation composite
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 64.7% revenue growth vs MRNA's -39.2% | |
| Value | Better valuation composite | |
| Quality / Margins | 11.8% margin vs MRNA's -143.6% | |
| Stability / Safety | Beta 0.54 vs NVAX's 2.11 | |
| Dividends | 6.5% yield; 15-year raise streak; the other 3 pay no meaningful dividend | |
| Momentum (1Y) | +99.7% vs BNTX's +0.5% | |
| Efficiency (ROA) | 3.6% ROA vs MRNA's -26.6%, ROIC 7.5% vs -26.1% |
MRNA vs BNTX vs PFE vs NVAX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
MRNA vs BNTX vs PFE vs NVAX — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
PFE leads in 4 of 6 categories
MRNA leads 0 • BNTX leads 0 • NVAX leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
PFE leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
PFE is the larger business by revenue, generating $63.3B annually — 106.2x NVAX's $596M. PFE is the more profitable business, keeping 11.8% of every revenue dollar as net income compared to MRNA's -143.6%. On growth, MRNA holds the edge at +2.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $2.2B | $2.9B | $63.3B | $596M |
| EBITDAEarnings before interest/tax | -$3.2B | -$931M | $21.0B | -$47M |
| Net IncomeAfter-tax profit | -$3.2B | -$1.1B | $7.5B | -$88M |
| Free Cash FlowCash after capex | -$1.6B | $277M | $9.5B | -$96M |
| Gross MarginGross profit ÷ Revenue | -13.9% | +77.7% | +69.3% | +84.6% |
| Operating MarginEBIT ÷ Revenue | -153.3% | -45.9% | +23.4% | -11.2% |
| Net MarginNet income ÷ Revenue | -143.6% | -39.6% | +11.8% | -14.7% |
| FCF MarginFCF ÷ Revenue | -71.1% | +9.7% | +15.0% | -16.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.6% | -24.5% | +5.4% | -79.1% |
| EPS Growth (YoY)Latest quarter vs prior year | -34.9% | -2.1% | -9.5% | -102.0% |
Valuation Metrics
Evenly matched — BNTX and NVAX each lead in 2 of 5 comparable metrics.
Valuation Metrics
At 3.7x trailing earnings, NVAX trades at a 81% valuation discount to PFE's 19.5x P/E. On an enterprise value basis, NVAX's 2.6x EV/EBITDA is more attractive than PFE's 10.7x.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $19.3B | $23.9B | $150.8B | $1.5B |
| Enterprise ValueMkt cap + debt − cash | $18.7B | $15.3B | $217.0B | $1.5B |
| Trailing P/EPrice ÷ TTM EPS | -6.72x | -18.00x | 19.49x | 3.69x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — | 8.95x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — |
| EV / EBITDAEnterprise value multiple | — | — | 10.67x | 2.59x |
| Price / SalesMarket cap ÷ Revenue | 9.95x | 7.40x | 2.41x | 1.36x |
| Price / BookPrice ÷ Book value/share | 2.19x | 1.02x | 1.74x | — |
| Price / FCFMarket cap ÷ FCF | — | 75.61x | 16.61x | — |
Profitability & Efficiency
PFE leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
PFE delivers a 8.3% return on equity — every $100 of shareholder capital generates $8 in annual profit, vs $-37 for MRNA. BNTX carries lower financial leverage with a 0.01x debt-to-equity ratio, signaling a more conservative balance sheet compared to PFE's 0.78x. On the Piotroski fundamental quality scale (0–9), PFE scores 7/9 vs MRNA's 3/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | -36.7% | -6.0% | +8.3% | — |
| ROA (TTM)Return on assets | -26.6% | -5.3% | +3.6% | -7.4% |
| ROICReturn on invested capital | -26.1% | -4.3% | +7.5% | — |
| ROCEReturn on capital employed | -27.6% | -3.1% | +9.0% | +100.4% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 4 | 7 | 5 |
| Debt / EquityFinancial leverage | 0.22x | 0.01x | 0.78x | — |
| Net DebtTotal debt minus cash | -$679M | -$7.4B | $66.3B | $8M |
| Cash & Equiv.Liquid assets | $2.6B | $7.7B | $1.1B | $241M |
| Total DebtShort + long-term debt | $1.9B | $267M | $67.4B | $249M |
| Interest CoverageEBIT ÷ Interest expense | -1803.00x | -62.15x | 4.02x | -5.10x |
Total Returns (Dividends Reinvested)
Evenly matched — MRNA and NVAX each lead in 2 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PFE five years ago would be worth $8,866 today (with dividends reinvested), compared to $543 for NVAX. Over the past 12 months, MRNA leads with a +99.7% total return vs BNTX's +0.5%. The 3-year compound annual growth rate (CAGR) favors NVAX at 7.9% vs MRNA's -28.2% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +58.1% | -1.5% | +7.0% | +31.3% |
| 1-Year ReturnPast 12 months | +99.7% | +0.5% | +23.4% | +54.2% |
| 3-Year ReturnCumulative with dividends | -63.0% | -11.8% | -18.4% | +25.6% |
| 5-Year ReturnCumulative with dividends | -69.6% | -42.0% | -11.3% | -94.6% |
| 10-Year ReturnCumulative with dividends | +162.3% | +583.8% | +30.7% | -89.8% |
| CAGR (3Y)Annualised 3-year return | -28.2% | -4.1% | -6.5% | +7.9% |
Risk & Volatility
PFE leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
PFE is the less volatile stock with a 0.54 beta — it tends to amplify market swings less than NVAX's 2.11 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PFE currently trades 92.2% from its 52-week high vs BNTX's 76.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.82x | 1.14x | 0.54x | 2.11x |
| 52-Week HighHighest price in past year | $59.55 | $124.00 | $28.75 | $11.97 |
| 52-Week LowLowest price in past year | $22.28 | $79.52 | $21.97 | $5.80 |
| % of 52W HighCurrent price vs 52-week peak | +81.9% | +76.8% | +92.2% | +78.2% |
| RSI (14)Momentum oscillator 0–100 | 40.2 | 43.6 | 43.2 | 43.4 |
| Avg Volume (50D)Average daily shares traded | 6.9M | 1.2M | 33.2M | 4.3M |
Analyst Outlook
PFE leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: MRNA as "Hold", BNTX as "Buy", PFE as "Hold", NVAX as "Buy". Consensus price targets imply 92.3% upside for NVAX (target: $18) vs -26.2% for MRNA (target: $36). PFE is the only dividend payer here at 6.48% yield — a key consideration for income-focused portfolios.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Hold | Buy |
| Price TargetConsensus 12-month target | $36.00 | $137.13 | $27.27 | $18.00 |
| # AnalystsCovering analysts | 27 | 24 | 39 | 23 |
| Dividend YieldAnnual dividend ÷ price | — | — | +6.5% | — |
| Dividend StreakConsecutive years of raises | 0 | 1 | 15 | 1 |
| Dividend / ShareAnnual DPS | — | — | $1.72 | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | 0.0% | +0.3% |
PFE leads in 4 of 6 categories — strongest in Income & Cash Flow and Profitability & Efficiency. 2 categories are tied.
MRNA vs BNTX vs PFE vs NVAX: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is MRNA or BNTX or PFE or NVAX a better buy right now?
For growth investors, Novavax, Inc.
(NVAX) is the stronger pick with 64. 7% revenue growth year-over-year, versus -39. 2% for Moderna, Inc. (MRNA). Novavax, Inc. (NVAX) offers the better valuation at 3. 7x trailing P/E, making it the more compelling value choice. Analysts rate BioNTech SE (BNTX) a "Buy" — based on 24 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 — MRNA or BNTX or PFE or NVAX?
On trailing P/E, Novavax, Inc.
(NVAX) is the cheapest at 3. 7x versus Pfizer Inc. at 19. 5x.
03Which is the better long-term investment — MRNA or BNTX or PFE or NVAX?
Over the past 5 years, Pfizer Inc.
(PFE) delivered a total return of -11. 3%, compared to -94. 6% for Novavax, Inc. (NVAX). Over 10 years, the gap is even starker: BNTX returned +583. 8% versus NVAX's -89. 8%. 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 — MRNA or BNTX or PFE or NVAX?
By beta (market sensitivity over 5 years), Pfizer Inc.
(PFE) is the lower-risk stock at 0. 54β versus Novavax, Inc. 's 2. 11β — meaning NVAX is approximately 288% more volatile than PFE relative to the S&P 500. On balance sheet safety, BioNTech SE (BNTX) carries a lower debt/equity ratio of 1% versus 78% for Pfizer Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — MRNA or BNTX or PFE or NVAX?
By revenue growth (latest reported year), Novavax, Inc.
(NVAX) is pulling ahead at 64. 7% versus -39. 2% for Moderna, Inc. (MRNA). On earnings-per-share growth, the picture is similar: Novavax, Inc. grew EPS 306. 5% year-over-year, compared to -62. 8% for BioNTech SE. Over a 3-year CAGR, NVAX leads at -11. 1% 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 — MRNA or BNTX or PFE or NVAX?
Novavax, Inc.
(NVAX) is the more profitable company, earning 39. 2% net margin versus -145. 2% for Moderna, Inc. — meaning it keeps 39. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NVAX leads at 50. 1% versus -158. 1% for MRNA. At the gross margin level — before operating expenses — NVAX leads at 93. 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.
07Is MRNA or BNTX or PFE or NVAX more undervalued right now?
Analyst consensus price targets imply the most upside for NVAX: 92.
3% to $18. 00.
08Which pays a better dividend — MRNA or BNTX or PFE or NVAX?
In this comparison, PFE (6.
5% yield) pays a dividend. MRNA, BNTX, NVAX do not pay a meaningful dividend and should not be held primarily for income.
09Is MRNA or BNTX or PFE or NVAX better for a retirement portfolio?
For long-horizon retirement investors, Pfizer Inc.
(PFE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 54), 6. 5% yield). Novavax, Inc. (NVAX) carries a higher beta of 2. 11 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (PFE: +30. 7%, NVAX: -89. 8%), 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 MRNA and BNTX and PFE and NVAX?
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: MRNA is a mid-cap quality compounder stock; BNTX is a mid-cap quality compounder stock; PFE is a mid-cap income-oriented stock; NVAX is a small-cap high-growth stock. PFE pays a dividend while MRNA, BNTX, NVAX do not, making them suitable for different income and tax situations. 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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