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VXRT vs OCGN
Revenue, margins, valuation, and 5-year total return — side by side.
Biotechnology
VXRT vs OCGN — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Biotechnology | Biotechnology |
| Market Cap | $167M | $511M |
| Revenue (TTM) | $256M | $4M |
| Net Income (TTM) | $37M | $-68M |
| Gross Margin | 84.7% | 100.0% |
| Operating Margin | 14.9% | -14.3% |
| Forward P/E | 9.9x | — |
| Total Debt | $9M | $33M |
| Cash & Equiv. | $54M | $19M |
VXRT vs OCGN — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Vaxart, Inc. (VXRT) | 100 | 25.8 | -74.2% |
| Ocugen, Inc. (OCGN) | 100 | 487.1 | +387.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: VXRT vs OCGN
Each card shows where this stock fits in a portfolio — not just who wins on paper.
VXRT carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- beta 0.57
- Rev growth 7.3%, EPS growth 150.0%, 3Y rev CAGR 12.0%
- -96.1% 10Y total return vs OCGN's -98.4%
OCGN is the clearest fit if your priority is momentum.
- +119.0% vs VXRT's +69.7%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 7.3% revenue growth vs OCGN's 8.8% | |
| Quality / Margins | 14.5% margin vs OCGN's -15.4% | |
| Stability / Safety | Beta 0.57 vs OCGN's 1.47 | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +119.0% vs VXRT's +69.7% | |
| Efficiency (ROA) | 20.1% ROA vs OCGN's -123.4%, ROIC 27.1% vs -15.7% |
VXRT vs OCGN — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
VXRT vs OCGN — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
VXRT leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
VXRT is the larger business by revenue, generating $256M annually — 57.9x OCGN's $4M. VXRT is the more profitable business, keeping 14.5% of every revenue dollar as net income compared to OCGN's -15.4%. On growth, VXRT holds the edge at +87.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $256M | $4M |
| EBITDAEarnings before interest/tax | $45M | -$61M |
| Net IncomeAfter-tax profit | $37M | -$68M |
| Free Cash FlowCash after capex | $15M | -$57M |
| Gross MarginGross profit ÷ Revenue | +84.7% | +100.0% |
| Operating MarginEBIT ÷ Revenue | +14.9% | -14.3% |
| Net MarginNet income ÷ Revenue | +14.5% | -15.4% |
| FCF MarginFCF ÷ Revenue | +5.8% | -13.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +87.9% | -125.3% |
| EPS Growth (YoY)Latest quarter vs prior year | +129.2% | -18.9% |
Valuation Metrics
Evenly matched — VXRT and OCGN each lead in 1 of 2 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $167M | $511M |
| Enterprise ValueMkt cap + debt − cash | $122M | $526M |
| Trailing P/EPrice ÷ TTM EPS | 9.87x | -6.57x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 4.59x | — |
| Price / SalesMarket cap ÷ Revenue | 0.70x | 115.83x |
| Price / BookPrice ÷ Book value/share | 1.81x | — |
| Price / FCFMarket cap ÷ FCF | 22.08x | — |
Profitability & Efficiency
VXRT leads this category, winning 8 of 8 comparable metrics.
Profitability & Efficiency
VXRT delivers a 61.4% return on equity — every $100 of shareholder capital generates $61 in annual profit, vs $-26 for OCGN. On the Piotroski fundamental quality scale (0–9), VXRT scores 7/9 vs OCGN's 2/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +61.4% | -26.3% |
| ROA (TTM)Return on assets | +20.1% | -123.4% |
| ROICReturn on invested capital | +27.1% | -15.7% |
| ROCEReturn on capital employed | +20.7% | -154.7% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 2 |
| Debt / EquityFinancial leverage | 0.10x | — |
| Net DebtTotal debt minus cash | -$45M | $15M |
| Cash & Equiv.Liquid assets | $54M | $19M |
| Total DebtShort + long-term debt | $9M | $33M |
| Interest CoverageEBIT ÷ Interest expense | 25.83x | -13.63x |
Total Returns (Dividends Reinvested)
OCGN leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in OCGN five years ago would be worth $1,485 today (with dividends reinvested), compared to $1,056 for VXRT. Over the past 12 months, OCGN leads with a +119.0% total return vs VXRT's +69.7%. The 3-year compound annual growth rate (CAGR) favors OCGN at 28.1% vs VXRT's -7.0% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +91.9% | +9.4% |
| 1-Year ReturnPast 12 months | +69.7% | +119.0% |
| 3-Year ReturnCumulative with dividends | -19.7% | +110.3% |
| 5-Year ReturnCumulative with dividends | -89.4% | -85.2% |
| 10-Year ReturnCumulative with dividends | -96.1% | -98.4% |
| CAGR (3Y)Annualised 3-year return | -7.0% | +28.1% |
Risk & Volatility
VXRT leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
VXRT is the less volatile stock with a 0.57 beta — it tends to amplify market swings less than OCGN's 1.47 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. VXRT currently trades 82.2% from its 52-week high vs OCGN's 55.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.57x | 1.47x |
| 52-Week HighHighest price in past year | $0.84 | $2.73 |
| 52-Week LowLowest price in past year | $0.26 | $0.64 |
| % of 52W HighCurrent price vs 52-week peak | +82.2% | +55.4% |
| RSI (14)Momentum oscillator 0–100 | 53.9 | 34.8 |
| Avg Volume (50D)Average daily shares traded | 242K | 9.4M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates VXRT as "Buy" and OCGN as "Buy". Consensus price targets imply 231.1% upside for OCGN (target: $5) vs 189.6% for VXRT (target: $2).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $2.00 | $5.00 |
| # AnalystsCovering analysts | 3 | 5 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
VXRT leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). OCGN leads in 1 (Total Returns). 1 tied.
VXRT vs OCGN: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is VXRT or OCGN a better buy right now?
For growth investors, Vaxart, Inc.
(VXRT) is the stronger pick with 726. 7% revenue growth year-over-year, versus 8. 8% for Ocugen, Inc. (OCGN). Vaxart, Inc. (VXRT) offers the better valuation at 9. 9x trailing P/E, making it the more compelling value choice. Analysts rate Vaxart, Inc. (VXRT) a "Buy" — based on 3 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 — VXRT or OCGN?
Over the past 5 years, Ocugen, Inc.
(OCGN) delivered a total return of -85. 2%, compared to -89. 4% for Vaxart, Inc. (VXRT). Over 10 years, the gap is even starker: VXRT returned -96. 1% versus OCGN's -98. 4%. 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 — VXRT or OCGN?
By beta (market sensitivity over 5 years), Vaxart, Inc.
(VXRT) is the lower-risk stock at 0. 57β versus Ocugen, Inc. 's 1. 47β — meaning OCGN is approximately 158% more volatile than VXRT relative to the S&P 500.
04Which is growing faster — VXRT or OCGN?
By revenue growth (latest reported year), Vaxart, Inc.
(VXRT) is pulling ahead at 726. 7% versus 8. 8% for Ocugen, Inc. (OCGN). On earnings-per-share growth, the picture is similar: Vaxart, Inc. grew EPS 150. 0% year-over-year, compared to -15. 0% for Ocugen, Inc.. Over a 3-year CAGR, VXRT leads at 1204% 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 — VXRT or OCGN?
Vaxart, Inc.
(VXRT) is the more profitable company, earning 6. 9% net margin versus -1537. 4% for Ocugen, Inc. — meaning it keeps 6. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: VXRT leads at 7. 6% versus -1425. 7% for OCGN. At the gross margin level — before operating expenses — VXRT 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.
06Which pays a better dividend — VXRT or OCGN?
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 VXRT or OCGN better for a retirement portfolio?
For long-horizon retirement investors, Vaxart, Inc.
(VXRT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 57)). Both have compounded well over 10 years (VXRT: -96. 1%, OCGN: -98. 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.
08What are the main differences between VXRT and OCGN?
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: VXRT is a small-cap high-growth stock; OCGN is a small-cap quality compounder 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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