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NEO
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ACAD logo
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LGND logo
LGND
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Stock Comparison

NEO vs SLNO vs RARE vs ACAD vs LGND

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

Live fundamentals10-year financials5-year price chart
NEO
NeoGenomics, Inc.

Medical - Diagnostics & Research

HealthcareNASDAQ • US
Market Cap$290M
5Y Perf.-64.0%
SLNO
Soleno Therapeutics, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$2.76B
5Y Perf.-68.3%
RARE
Ultragenyx Pharmaceutical Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$2.39B
5Y Perf.-68.9%
ACAD
ACADIA Pharmaceuticals Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$3.61B
5Y Perf.-56.5%
LGND
Ligand Pharmaceuticals Incorporated

Biotechnology

HealthcareNASDAQ • US
Market Cap$5.12B
5Y Perf.+128.5%

NEO vs SLNO vs RARE vs ACAD vs LGND — Key Financials

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

Company Snapshot
NEO logoNEO
SLNO logoSLNO
RARE logoRARE
ACAD logoACAD
LGND logoLGND
IndustryMedical - Diagnostics & ResearchBiotechnologyBiotechnologyBiotechnologyBiotechnology
Market Cap$290M$2.76B$2.39B$3.61B$5.12B
Revenue (TTM)$746M$285M$669M$1.10B$274M
Net Income (TTM)$-99M$96M$-609M$376M$154M
Gross Margin42.1%98.6%83.6%91.5%98.6%
Operating Margin-13.9%30.8%-83.9%7.4%36.7%
Forward P/E61.9x13.9x54.2x28.2x
Total Debt$472M$3M$1.28B$52M$451M
Cash & Equiv.$160M$70M$434M$178M$175M

NEO vs SLNO vs RARE vs ACAD vs LGNDLong-Term Stock Performance

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

NEO
SLNO
RARE
ACAD
LGND
StockJun 20Jun 26Return
NeoGenomics, Inc. (NEO)10036.0-64.0%
Soleno Therapeutics… (SLNO)10031.7-68.3%
Ultragenyx Pharmace… (RARE)10031.1-68.9%
ACADIA Pharmaceutic… (ACAD)10043.5-56.5%
Ligand Pharmaceutic… (LGND)100228.5+128.5%

Price return only. Dividends and distributions are not included.

Quick Verdict: NEO vs SLNO vs RARE vs ACAD vs LGND

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

Bottom line: SLNO leads in 3 of 7 categories (5-stock set), making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Ligand Pharmaceuticals Incorporated is the stronger pick specifically for profitability and margin quality and recent price momentum and sentiment. ACAD also leads in specific categories worth noting. As sector peers, any of these can serve as alternatives in the same allocation.
🥇SLNO emerged as the overall leader. Track its performance:
NEO
NeoGenomics, Inc.
The Healthcare Pick

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

Best for: healthcare exposure
SLNO
Soleno Therapeutics, Inc.
The Defensive Pick

SLNO carries the broadest edge in this set and is the clearest fit for sleep-well-at-night and defensive.

  • Lower volatility, beta 0.98, Low D/E 0.6%, current ratio 5.80x
  • Beta 0.98, current ratio 5.80x
  • 150.0% revenue growth vs NEO's 10.1%
  • Lower P/E (13.9x vs 28.2x)
Best for: sleep-well-at-night and defensive
RARE
Ultragenyx Pharmaceutical Inc.
The Income Pick

RARE is the clearest fit if your priority is income & stability.

  • Dividend streak 1 yrs, beta 1.43
Best for: income & stability
ACAD
ACADIA Pharmaceuticals Inc.
The Niche Pick

ACAD ranks third and is worth considering specifically for efficiency.

  • 26.2% ROA vs RARE's -45.8%, ROIC 10.0% vs -89.4%
Best for: efficiency
LGND
Ligand Pharmaceuticals Incorporated
The Growth Play

LGND is the #2 pick in this set and the best alternative if growth exposure and long-term compounding is your priority.

  • Rev growth 60.4%, EPS growth 28.9%, 3Y rev CAGR 11.0%
  • 126.0% 10Y total return vs ACAD's -44.6%
  • 55.9% margin vs RARE's -91.0%
  • +123.3% vs RARE's -38.0%
Best for: growth exposure and long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthSLNO logoSLNO150.0% revenue growth vs NEO's 10.1%
ValueSLNO logoSLNOLower P/E (13.9x vs 28.2x)
Quality / MarginsLGND logoLGND55.9% margin vs RARE's -91.0%
Stability / SafetySLNO logoSLNOBeta 0.98 vs RARE's 1.43
DividendsTieNone of these 5 stocks pay a meaningful dividend
Momentum (1Y)LGND logoLGND+123.3% vs RARE's -38.0%
Efficiency (ROA)ACAD logoACAD26.2% ROA vs RARE's -45.8%, ROIC 10.0% vs -89.4%

NEO vs SLNO vs RARE vs ACAD vs LGND — Revenue Breakdown by Segment

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

NEONeoGenomics, Inc.
FY 2025
Commercial Insurance
100.0%$118M
SLNOSoleno Therapeutics, Inc.

Segment breakdown not available.

RAREUltragenyx Pharmaceutical Inc.
FY 2025
Product
54.8%$369M
Royalty
45.2%$304M
ACADACADIA Pharmaceuticals Inc.
FY 2018
Product
100.0%$224M
LGNDLigand Pharmaceuticals Incorporated
FY 2025
Royalty
32.5%$161M
Intangible Royalty Assets
26.8%$133M
Contract Revenue
13.5%$67M
Material Sales, Captisol, Core
8.1%$40M
Royalty, Kyprolis
7.2%$36M
Financial Royalty Assets
5.8%$28M
Royalty, Other
2.1%$10M
Other (3)
4.0%$20M

NEO vs SLNO vs RARE vs ACAD vs LGND — Financial Metrics

Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLLGNDLAGGINGSLNO

Income & Cash Flow (Last 12 Months)

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

ACAD is the larger business by revenue, generating $1.1B annually — 4.0x LGND's $274M. LGND is the more profitable business, keeping 55.9% of every revenue dollar as net income compared to RARE's -91.0%. On growth, LGND holds the edge at +14.1% YoY revenue growth, suggesting stronger near-term business momentum.

MetricNEO logoNEONeoGenomics, Inc.SLNO logoSLNOSoleno Therapeuti…RARE logoRAREUltragenyx Pharma…ACAD logoACADACADIA Pharmaceut…LGND logoLGNDLigand Pharmaceut…
RevenueTrailing 12 months$746M$285M$669M$1.1B$274M
EBITDAEarnings before interest/tax-$54M$90M-$536M$96M$127M
Net IncomeAfter-tax profit-$99M$96M-$609M$376M$154M
Free Cash FlowCash after capex-$5M$106M-$487M$212M$123M
Gross MarginGross profit ÷ Revenue+42.1%+98.6%+83.6%+91.5%+98.6%
Operating MarginEBIT ÷ Revenue-13.9%+30.8%-83.9%+7.4%+36.7%
Net MarginNet income ÷ Revenue-13.3%+33.7%-91.0%+34.3%+55.9%
FCF MarginFCF ÷ Revenue-0.7%+37.1%-72.8%+19.4%+44.8%
Rev. Growth (YoY)Latest quarter vs prior year+11.1%-2.4%+9.7%+14.1%
EPS Growth (YoY)Latest quarter vs prior year+35.0%+162.1%-17.2%-81.8%+69.7%
LGND leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

Evenly matched — NEO and ACAD each lead in 2 of 6 comparable metrics.

At 9.2x trailing earnings, ACAD trades at a 93% valuation discount to SLNO's 135.9x P/E. On an enterprise value basis, ACAD's 25.1x EV/EBITDA is more attractive than NEO's 345.5x.

MetricNEO logoNEONeoGenomics, Inc.SLNO logoSLNOSoleno Therapeuti…RARE logoRAREUltragenyx Pharma…ACAD logoACADACADIA Pharmaceut…LGND logoLGNDLigand Pharmaceut…
Market CapShares × price$290M$2.8B$2.4B$3.6B$5.1B
Enterprise ValueMkt cap + debt − cash$603M$2.7B$3.2B$3.5B$5.4B
Trailing P/EPrice ÷ TTM EPS-2.65x135.92x-4.18x9.21x41.69x
Forward P/EPrice ÷ next-FY EPS est.61.94x13.91x54.20x28.21x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple345.49x158.87x25.09x66.66x
Price / SalesMarket cap ÷ Revenue0.40x14.51x3.56x3.37x19.10x
Price / BookPrice ÷ Book value/share0.34x6.40x2.94x5.10x
Price / FCFMarket cap ÷ FCF59.13x34.34x104.71x
Evenly matched — NEO and ACAD each lead in 2 of 6 comparable metrics.

Profitability & Efficiency

ACAD leads this category, winning 5 of 9 comparable metrics.

ACAD delivers a 35.6% return on equity — every $100 of shareholder capital generates $36 in annual profit, vs $-6 for RARE. SLNO carries lower financial leverage with a 0.01x debt-to-equity ratio, signaling a more conservative balance sheet compared to NEO's 0.56x. On the Piotroski fundamental quality scale (0–9), SLNO scores 7/9 vs RARE's 4/9, reflecting strong financial health.

MetricNEO logoNEONeoGenomics, Inc.SLNO logoSLNOSoleno Therapeuti…RARE logoRAREUltragenyx Pharma…ACAD logoACADACADIA Pharmaceut…LGND logoLGNDLigand Pharmaceut…
ROE (TTM)Return on equity-11.8%+22.9%-6.1%+35.6%+16.2%
ROA (TTM)Return on assets-7.2%+18.3%-45.8%+26.2%+11.1%
ROICReturn on invested capital-4.3%+3.8%-89.4%+10.0%+3.4%
ROCEReturn on capital employed-5.1%+3.7%-46.4%+10.1%+3.9%
Piotroski ScoreFundamental quality 0–957465
Debt / EquityFinancial leverage0.56x0.01x0.04x0.44x
Net DebtTotal debt minus cash$313M-$67M$842M-$126M$277M
Cash & Equiv.Liquid assets$160M$70M$434M$178M$175M
Total DebtShort + long-term debt$472M$3M$1.3B$52M$451M
Interest CoverageEBIT ÷ Interest expense-30.15x18.59x-14.49x197.45x
ACAD leads this category, winning 5 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in LGND five years ago would be worth $20,766 today (with dividends reinvested), compared to $2,367 for RARE. Over the past 12 months, LGND leads with a +123.3% total return vs RARE's -38.0%. The 3-year compound annual growth rate (CAGR) favors LGND at 51.1% vs RARE's -22.0% — a key indicator of consistent wealth creation.

MetricNEO logoNEONeoGenomics, Inc.SLNO logoSLNOSoleno Therapeuti…RARE logoRAREUltragenyx Pharma…ACAD logoACADACADIA Pharmaceut…LGND logoLGNDLigand Pharmaceut…
YTD ReturnYear-to-date-5.2%+12.4%+3.2%-19.3%+34.4%
1-Year ReturnPast 12 months+50.9%-33.9%-38.0%-3.0%+123.3%
3-Year ReturnCumulative with dividends-31.0%+84.1%-52.6%-14.3%+245.1%
5-Year ReturnCumulative with dividends-74.4%-37.5%-76.3%-22.6%+107.7%
10-Year ReturnCumulative with dividends+42.1%-88.1%-59.4%-44.6%+126.0%
CAGR (3Y)Annualised 3-year return-11.6%+22.6%-22.0%-5.0%+51.1%
LGND leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

Evenly matched — SLNO and LGND each lead in 1 of 2 comparable metrics.

SLNO is the less volatile stock with a 0.98 beta — it tends to amplify market swings less than RARE's 1.43 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. LGND currently trades 98.7% from its 52-week high vs RARE's 57.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricNEO logoNEONeoGenomics, Inc.SLNO logoSLNOSoleno Therapeuti…RARE logoRAREUltragenyx Pharma…ACAD logoACADACADIA Pharmaceut…LGND logoLGNDLigand Pharmaceut…
Beta (5Y)Sensitivity to S&P 5001.37x0.98x1.43x1.10x1.03x
52-Week HighHighest price in past year$13.74$90.32$42.37$27.81$259.03
52-Week LowLowest price in past year$4.72$29.47$18.29$19.69$110.00
% of 52W HighCurrent price vs 52-week peak+81.1%+58.7%+57.5%+75.8%+98.7%
RSI (14)Momentum oscillator 0–10070.877.753.247.972.8
Avg Volume (50D)Average daily shares traded1.9M5.0M1.5M1.4M204K
Evenly matched — SLNO and LGND each lead in 1 of 2 comparable metrics.

Analyst Outlook

RARE leads this category, winning 1 of 1 comparable metric.

Analyst consensus: NEO as "Buy", SLNO as "Buy", RARE as "Buy", ACAD as "Buy", LGND as "Buy". Consensus price targets imply 98.6% upside for RARE (target: $48) vs 3.8% for LGND (target: $265).

MetricNEO logoNEONeoGenomics, Inc.SLNO logoSLNOSoleno Therapeuti…RARE logoRAREUltragenyx Pharma…ACAD logoACADACADIA Pharmaceut…LGND logoLGNDLigand Pharmaceut…
Analyst RatingConsensus buy/hold/sellBuyBuyBuyBuyBuy
Price TargetConsensus 12-month target$19.00$80.00$48.36$34.78$265.33
# AnalystsCovering analysts2913333717
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises010
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%+3.6%0.0%0.0%+0.3%
RARE leads this category, winning 1 of 1 comparable metric.
Key Takeaway

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

Best OverallLigand Pharmaceuticals Inco… (LGND)Leads 2 of 6 categories
Loading custom metrics...

NEO vs SLNO vs RARE vs ACAD vs LGND: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is NEO or SLNO or RARE or ACAD or LGND a better buy right now?

For growth investors, Ligand Pharmaceuticals Incorporated (LGND) is the stronger pick with 60.

4% revenue growth year-over-year, versus 10. 1% for NeoGenomics, Inc. (NEO). ACADIA Pharmaceuticals Inc. (ACAD) offers the better valuation at 9. 2x trailing P/E (54. 2x forward), making it the more compelling value choice. Analysts rate NeoGenomics, Inc. (NEO) a "Buy" — based on 29 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 has the better valuation — NEO or SLNO or RARE or ACAD or LGND?

On trailing P/E, ACADIA Pharmaceuticals Inc.

(ACAD) is the cheapest at 9. 2x versus Soleno Therapeutics, Inc. at 135. 9x. On forward P/E, Soleno Therapeutics, Inc. is actually cheaper at 13. 9x — notably different from the trailing picture, reflecting expected earnings growth.

03

Which is the better long-term investment — NEO or SLNO or RARE or ACAD or LGND?

Over the past 5 years, Ligand Pharmaceuticals Incorporated (LGND) delivered a total return of +107.

7%, compared to -76. 3% for Ultragenyx Pharmaceutical Inc. (RARE). Over 10 years, the gap is even starker: LGND returned +126. 0% versus SLNO's -88. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — NEO or SLNO or RARE or ACAD or LGND?

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

(SLNO) is the lower-risk stock at 0. 98β versus Ultragenyx Pharmaceutical Inc. 's 1. 43β — meaning RARE is approximately 47% more volatile than SLNO relative to the S&P 500. On balance sheet safety, Soleno Therapeutics, Inc. (SLNO) carries a lower debt/equity ratio of 1% versus 56% for NeoGenomics, Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — NEO or SLNO or RARE or ACAD or LGND?

By revenue growth (latest reported year), Ligand Pharmaceuticals Incorporated (LGND) is pulling ahead at 60.

4% versus 10. 1% for NeoGenomics, Inc. (NEO). On earnings-per-share growth, the picture is similar: Ligand Pharmaceuticals Incorporated grew EPS 28. 9% year-over-year, compared to -35. 5% for NeoGenomics, Inc.. Over a 3-year CAGR, ACAD leads at 27. 5% 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.

06

Which has better profit margins — NEO or SLNO or RARE or ACAD or LGND?

Ligand Pharmaceuticals Incorporated (LGND) is the more profitable company, earning 46.

4% net margin versus -85. 4% for Ultragenyx Pharmaceutical Inc. — meaning it keeps 46. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: LGND leads at 17. 6% versus -79. 5% for RARE. At the gross margin level — before operating expenses — SLNO leads at 98. 6%, 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.

07

Is NEO or SLNO or RARE or ACAD or LGND more undervalued right now?

On forward earnings alone, Soleno Therapeutics, Inc.

(SLNO) trades at 13. 9x forward P/E versus 61. 9x for NeoGenomics, Inc. — 48. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for RARE: 98. 6% to $48. 36.

08

Which pays a better dividend — NEO or SLNO or RARE or ACAD 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.

09

Is NEO or SLNO or RARE or ACAD or LGND better for a retirement portfolio?

For long-horizon retirement investors, Ligand Pharmaceuticals Incorporated (LGND) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.

03), +126. 0% 10Y return). Both have compounded well over 10 years (LGND: +126. 0%, 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.

10

What are the main differences between NEO and SLNO and RARE and ACAD 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: NEO is a small-cap quality compounder stock; SLNO is a small-cap quality compounder stock; RARE is a small-cap high-growth stock; ACAD is a small-cap deep-value 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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