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Stock Comparison

MRSN vs SNDX

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

Live fundamentals10-year financials5-year price chart
MRSN
Mersana Therapeutics, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$145M
5Y Perf.-94.9%
SNDX
Syndax Pharmaceuticals, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$1.81B
5Y Perf.+29.7%

MRSN vs SNDX — Key Financials

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

Company Snapshot
MRSN logoMRSN
SNDX logoSNDX
IndustryBiotechnologyBiotechnology
Market Cap$145M$1.81B
Revenue (TTM)$33M$217M
Net Income (TTM)$-70M$-243M
Gross Margin99.1%98.0%
Operating Margin-203.1%-102.9%
Total Debt$29M$346M
Cash & Equiv.$108M$135M

MRSN vs SNDXLong-Term Stock Performance

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

MRSN
SNDX
StockMay 20Jan 26Return
Mersana Therapeutic… (MRSN)1005.1-94.9%
Syndax Pharmaceutic… (SNDX)100129.7+29.7%

Price return only. Dividends and distributions are not included.

Quick Verdict: MRSN vs SNDX

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

Bottom line: SNDX leads in 4 of 6 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Mersana Therapeutics, Inc. is the stronger pick specifically for recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
MRSN
Mersana Therapeutics, Inc.
The Momentum Pick

MRSN is the clearest fit if your priority is momentum.

  • +257.7% vs SNDX's +105.6%
Best for: momentum
SNDX
Syndax Pharmaceuticals, Inc.
The Income Pick

SNDX carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.

  • Dividend streak 1 yrs, beta 0.81
  • Rev growth 6.3%, EPS growth 11.8%
  • 43.4% 10Y total return vs MRSN's -91.7%
Best for: income & stability and growth exposure
See the full category breakdown
CategoryWinnerWhy
GrowthSNDX logoSNDX6.3% revenue growth vs MRSN's 9.9%
Quality / MarginsSNDX logoSNDX-112.0% margin vs MRSN's -211.2%
Stability / SafetySNDX logoSNDXBeta 0.81 vs MRSN's 2.22
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)MRSN logoMRSN+257.7% vs SNDX's +105.6%
Efficiency (ROA)SNDX logoSNDX-45.2% ROA vs MRSN's -111.8%

MRSN vs SNDX — Revenue Breakdown by Segment

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

MRSNMersana Therapeutics, Inc.

Segment breakdown not available.

SNDXSyndax Pharmaceuticals, Inc.
FY 2025
Net Product Revenues
72.4%$125M
Collaboration revenue
24.6%$42M
Milestone Revenue
3.0%$5M

MRSN vs SNDX — Financial Metrics

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

BEST OVERALLSNDXLAGGINGMRSN

Income & Cash Flow (Last 12 Months)

SNDX leads this category, winning 5 of 6 comparable metrics.

SNDX is the larger business by revenue, generating $217M annually — 6.5x MRSN's $33M. Profitability is closely matched — net margins range from -112.0% (SNDX) to -2.1% (MRSN). On growth, SNDX holds the edge at +2.2% YoY revenue growth, suggesting stronger near-term business momentum.

MetricMRSN logoMRSNMersana Therapeut…SNDX logoSNDXSyndax Pharmaceut…
RevenueTrailing 12 months$33M$217M
EBITDAEarnings before interest/tax-$66M-$218M
Net IncomeAfter-tax profit-$70M-$243M
Free Cash FlowCash after capex-$74M-$278M
Gross MarginGross profit ÷ Revenue+99.1%+98.0%
Operating MarginEBIT ÷ Revenue-2.0%-102.9%
Net MarginNet income ÷ Revenue-2.1%-112.0%
FCF MarginFCF ÷ Revenue-2.2%-128.2%
Rev. Growth (YoY)Latest quarter vs prior year-12.6%+2.2%
EPS Growth (YoY)Latest quarter vs prior year+35.5%+100.0%
SNDX leads this category, winning 5 of 6 comparable metrics.

Valuation Metrics

Evenly matched — MRSN and SNDX each lead in 1 of 2 comparable metrics.
MetricMRSN logoMRSNMersana Therapeut…SNDX logoSNDXSyndax Pharmaceut…
Market CapShares × price$145M$1.8B
Enterprise ValueMkt cap + debt − cash$66M$2.0B
Trailing P/EPrice ÷ TTM EPS-2.06x-6.24x
Forward P/EPrice ÷ next-FY EPS est.
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple
Price / SalesMarket cap ÷ Revenue3.59x10.51x
Price / BookPrice ÷ Book value/share27.53x
Price / FCFMarket cap ÷ FCF
Evenly matched — MRSN and SNDX each lead in 1 of 2 comparable metrics.

Profitability & Efficiency

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

SNDX delivers a -2.6% return on equity — every $100 of shareholder capital generates $-3 in annual profit, vs $-5 for MRSN.

MetricMRSN logoMRSNMersana Therapeut…SNDX logoSNDXSyndax Pharmaceut…
ROE (TTM)Return on equity-5.1%-2.6%
ROA (TTM)Return on assets-111.8%-45.2%
ROICReturn on invested capital-54.2%
ROCEReturn on capital employed-60.0%-53.0%
Piotroski ScoreFundamental quality 0–922
Debt / EquityFinancial leverage5.36x
Net DebtTotal debt minus cash-$79M$212M
Cash & Equiv.Liquid assets$108M$135M
Total DebtShort + long-term debt$29M$346M
Interest CoverageEBIT ÷ Interest expense-24.52x-2.31x
SNDX leads this category, winning 4 of 6 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in SNDX five years ago would be worth $12,805 today (with dividends reinvested), compared to $754 for MRSN. Over the past 12 months, MRSN leads with a +257.7% total return vs SNDX's +105.6%. The 3-year compound annual growth rate (CAGR) favors SNDX at 0.4% vs MRSN's -46.1% — a key indicator of consistent wealth creation.

MetricMRSN logoMRSNMersana Therapeut…SNDX logoSNDXSyndax Pharmaceut…
YTD ReturnYear-to-date+0.1%-3.6%
1-Year ReturnPast 12 months+257.7%+105.6%
3-Year ReturnCumulative with dividends-84.3%+1.2%
5-Year ReturnCumulative with dividends-92.5%+28.1%
10-Year ReturnCumulative with dividends-91.7%+43.4%
CAGR (3Y)Annualised 3-year return-46.1%+0.4%
SNDX leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

Evenly matched — MRSN and SNDX each lead in 1 of 2 comparable metrics.

SNDX is the less volatile stock with a 0.81 beta — it tends to amplify market swings less than MRSN's 2.22 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MRSN currently trades 95.7% from its 52-week high vs SNDX's 80.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricMRSN logoMRSNMersana Therapeut…SNDX logoSNDXSyndax Pharmaceut…
Beta (5Y)Sensitivity to S&P 5002.22x0.81x
52-Week HighHighest price in past year$30.39$25.58
52-Week LowLowest price in past year$5.21$8.58
% of 52W HighCurrent price vs 52-week peak+95.7%+80.3%
RSI (14)Momentum oscillator 0–10079.041.3
Avg Volume (50D)Average daily shares traded01.5M
Evenly matched — MRSN and SNDX each lead in 1 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Wall Street rates MRSN as "Buy" and SNDX as "Buy". Consensus price targets imply 94.7% upside for SNDX (target: $40) vs -65.6% for MRSN (target: $10).

MetricMRSN logoMRSNMersana Therapeut…SNDX logoSNDXSyndax Pharmaceut…
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$10.00$40.00
# AnalystsCovering analysts1922
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises1
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

SNDX leads in 3 of 6 categories — strongest in Income & Cash Flow and Profitability & Efficiency. 2 categories are tied.

Best OverallSyndax Pharmaceuticals, Inc. (SNDX)Leads 3 of 6 categories
Loading custom metrics...

MRSN vs SNDX: Frequently Asked Questions

8 questions · data-driven answers · updated daily

01

Is MRSN or SNDX a better buy right now?

For growth investors, Syndax Pharmaceuticals, Inc.

(SNDX) is the stronger pick with 627. 8% revenue growth year-over-year, versus 9. 9% for Mersana Therapeutics, Inc. (MRSN). Analysts rate Mersana Therapeutics, Inc. (MRSN) 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.

02

Which is the better long-term investment — MRSN or SNDX?

Over the past 5 years, Syndax Pharmaceuticals, Inc.

(SNDX) delivered a total return of +28. 1%, compared to -92. 5% for Mersana Therapeutics, Inc. (MRSN). Over 10 years, the gap is even starker: SNDX returned +43. 4% versus MRSN's -91. 7%. 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 — MRSN or SNDX?

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

(SNDX) is the lower-risk stock at 0. 81β versus Mersana Therapeutics, Inc. 's 2. 22β — meaning MRSN is approximately 174% more volatile than SNDX relative to the S&P 500.

04

Which is growing faster — MRSN or SNDX?

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

(SNDX) is pulling ahead at 627. 8% versus 9. 9% for Mersana Therapeutics, Inc. (MRSN). On earnings-per-share growth, the picture is similar: Mersana Therapeutics, Inc. grew EPS 61. 8% year-over-year, compared to 11. 8% for Syndax Pharmaceuticals, Inc.. 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 — MRSN or SNDX?

Syndax Pharmaceuticals, Inc.

(SNDX) is the more profitable company, earning -165. 6% net margin versus -170. 9% for Mersana Therapeutics, Inc. — meaning it keeps -165. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: SNDX leads at -158. 4% versus -181. 1% for MRSN. At the gross margin level — before operating expenses — MRSN leads at 100. 0%, 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

Which pays a better dividend — MRSN or SNDX?

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.

07

Is MRSN or SNDX better for a retirement portfolio?

For long-horizon retirement investors, Syndax Pharmaceuticals, Inc.

(SNDX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 81)). Mersana Therapeutics, Inc. (MRSN) carries a higher beta of 2. 22 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (SNDX: +43. 4%, MRSN: -91. 7%), 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.

08

What are the main differences between MRSN and SNDX?

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: MRSN is a small-cap quality compounder stock; SNDX 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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MRSN

Quality Business

  • Sector: Healthcare
  • Market Cap > $100B
  • Gross Margin > 59%
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SNDX

High-Growth Disruptor

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 111%
  • Gross Margin > 58%
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Revenue Growth>
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