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OCUL vs SGHT
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Devices
OCUL vs SGHT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Biotechnology | Medical - Devices |
| Market Cap | $2.12B | $286M |
| Revenue (TTM) | $52M | $80M |
| Net Income (TTM) | $-290M | $-37M |
| Gross Margin | 87.2% | 86.2% |
| Operating Margin | -5.8% | -44.8% |
| Total Debt | $80M | $41M |
| Cash & Equiv. | $737M | $92M |
OCUL vs SGHT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jul 21 | May 26 | Return |
|---|---|---|---|
| Ocular Therapeutix,… (OCUL) | 100 | 87.9 | -12.1% |
| Sight Sciences, Inc. (SGHT) | 100 | 14.3 | -85.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: OCUL vs SGHT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
OCUL is the clearest fit if your priority is income & stability and long-term compounding.
- beta 1.27
- -10.6% 10Y total return vs SGHT's -84.2%
- Lower volatility, beta 1.27, Low D/E 12.2%, current ratio 15.39x
SGHT carries the broadest edge in this set and is the clearest fit for growth exposure.
- Rev growth -3.1%, EPS growth 28.2%, 3Y rev CAGR 2.7%
- -3.1% revenue growth vs OCUL's -18.7%
- -46.8% margin vs OCUL's -5.6%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | -3.1% revenue growth vs OCUL's -18.7% | |
| Quality / Margins | -46.8% margin vs OCUL's -5.6% | |
| Stability / Safety | Beta 1.27 vs SGHT's 2.49, lower leverage | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +85.0% vs OCUL's +37.3% | |
| Efficiency (ROA) | -32.2% ROA vs OCUL's -48.4% |
OCUL vs SGHT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
OCUL vs SGHT — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
SGHT leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
SGHT is the larger business by revenue, generating $80M annually — 1.5x OCUL's $52M. Profitability is closely matched — net margins range from -46.8% (SGHT) to -5.6% (OCUL). On growth, SGHT holds the edge at +12.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $52M | $80M |
| EBITDAEarnings before interest/tax | -$295M | -$35M |
| Net IncomeAfter-tax profit | -$290M | -$37M |
| Free Cash FlowCash after capex | -$241M | -$25M |
| Gross MarginGross profit ÷ Revenue | +87.2% | +86.2% |
| Operating MarginEBIT ÷ Revenue | -5.8% | -44.8% |
| Net MarginNet income ÷ Revenue | -5.6% | -46.8% |
| FCF MarginFCF ÷ Revenue | -4.6% | -31.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | +0.8% | +12.5% |
| EPS Growth (YoY)Latest quarter vs prior year | -5.3% | +14.3% |
Valuation Metrics
SGHT leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $2.1B | $286M |
| Enterprise ValueMkt cap + debt − cash | $1.5B | $235M |
| Trailing P/EPrice ÷ TTM EPS | -6.82x | -7.15x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | — |
| Price / SalesMarket cap ÷ Revenue | 40.90x | 3.69x |
| Price / BookPrice ÷ Book value/share | 2.77x | 4.31x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
SGHT leads this category, winning 6 of 8 comparable metrics.
Profitability & Efficiency
SGHT delivers a -59.1% return on equity — every $100 of shareholder capital generates $-59 in annual profit, vs $-65 for OCUL. OCUL carries lower financial leverage with a 0.12x debt-to-equity ratio, signaling a more conservative balance sheet compared to SGHT's 0.64x. On the Piotroski fundamental quality scale (0–9), SGHT scores 5/9 vs OCUL's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -64.6% | -59.1% |
| ROA (TTM)Return on assets | -48.4% | -32.2% |
| ROICReturn on invested capital | — | -2.7% |
| ROCEReturn on capital employed | -46.0% | -32.0% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 0.12x | 0.64x |
| Net DebtTotal debt minus cash | -$657M | -$51M |
| Cash & Equiv.Liquid assets | $737M | $92M |
| Total DebtShort + long-term debt | $80M | $41M |
| Interest CoverageEBIT ÷ Interest expense | -24.63x | -14.04x |
Total Returns (Dividends Reinvested)
OCUL leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in OCUL five years ago would be worth $5,957 today (with dividends reinvested), compared to $1,579 for SGHT. Over the past 12 months, SGHT leads with a +85.0% total return vs OCUL's +37.3%. The 3-year compound annual growth rate (CAGR) favors OCUL at 14.8% vs SGHT's -20.5% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -18.1% | -29.3% |
| 1-Year ReturnPast 12 months | +37.3% | +85.0% |
| 3-Year ReturnCumulative with dividends | +51.2% | -49.7% |
| 5-Year ReturnCumulative with dividends | -40.4% | -84.2% |
| 10-Year ReturnCumulative with dividends | -10.6% | -84.2% |
| CAGR (3Y)Annualised 3-year return | +14.8% | -20.5% |
Risk & Volatility
OCUL leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
OCUL is the less volatile stock with a 1.27 beta — it tends to amplify market swings less than SGHT's 2.49 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.27x | 2.49x |
| 52-Week HighHighest price in past year | $16.44 | $9.24 |
| 52-Week LowLowest price in past year | $6.23 | $2.81 |
| % of 52W HighCurrent price vs 52-week peak | +58.9% | +57.3% |
| RSI (14)Momentum oscillator 0–100 | 58.3 | 54.2 |
| Avg Volume (50D)Average daily shares traded | 4.0M | 357K |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates OCUL as "Buy" and SGHT as "Buy". Consensus price targets imply 163.4% upside for OCUL (target: $26) vs 82.8% for SGHT (target: $10).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $25.50 | $9.67 |
| # AnalystsCovering analysts | 18 | 9 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
SGHT leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). OCUL leads in 2 (Total Returns, Risk & Volatility).
OCUL vs SGHT: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is OCUL or SGHT a better buy right now?
For growth investors, Sight Sciences, Inc.
(SGHT) is the stronger pick with -3. 1% revenue growth year-over-year, versus -18. 7% for Ocular Therapeutix, Inc. (OCUL). Analysts rate Ocular Therapeutix, Inc. (OCUL) a "Buy" — based on 18 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 is the better long-term investment — OCUL or SGHT?
Over the past 5 years, Ocular Therapeutix, Inc.
(OCUL) delivered a total return of -40. 4%, compared to -84. 2% for Sight Sciences, Inc. (SGHT). Over 10 years, the gap is even starker: OCUL returned -10. 6% versus SGHT's -84. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — OCUL or SGHT?
By beta (market sensitivity over 5 years), Ocular Therapeutix, Inc.
(OCUL) is the lower-risk stock at 1. 27β versus Sight Sciences, Inc. 's 2. 49β — meaning SGHT is approximately 96% more volatile than OCUL relative to the S&P 500. On balance sheet safety, Ocular Therapeutix, Inc. (OCUL) carries a lower debt/equity ratio of 12% versus 64% for Sight Sciences, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — OCUL or SGHT?
By revenue growth (latest reported year), Sight Sciences, Inc.
(SGHT) is pulling ahead at -3. 1% versus -18. 7% for Ocular Therapeutix, Inc. (OCUL). On earnings-per-share growth, the picture is similar: Sight Sciences, Inc. grew EPS 28. 2% year-over-year, compared to -16. 4% for Ocular Therapeutix, Inc.. Over a 3-year CAGR, SGHT leads at 2. 7% 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.
05Which has better profit margins — OCUL or SGHT?
Sight Sciences, Inc.
(SGHT) is the more profitable company, earning -49. 7% net margin versus -513. 2% for Ocular Therapeutix, Inc. — meaning it keeps -49. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: SGHT leads at -48. 0% versus -521. 0% for OCUL. At the gross margin level — before operating expenses — OCUL leads at 87. 3%, 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.
06Which pays a better dividend — OCUL or SGHT?
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.
07Is OCUL or SGHT better for a retirement portfolio?
For long-horizon retirement investors, Ocular Therapeutix, Inc.
(OCUL) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 27)). Sight Sciences, Inc. (SGHT) carries a higher beta of 2. 49 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (OCUL: -10. 6%, SGHT: -84. 2%), 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.
08What are the main differences between OCUL and SGHT?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
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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