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Stock Comparison

VXRT vs OCGN

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

Live fundamentals10-year financials5-year price chart
VXRT
Vaxart, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$167M
5Y Perf.-74.2%
OCGN
Ocugen, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$511M
5Y Perf.+387.1%

VXRT vs OCGN — Key Financials

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

Company Snapshot
VXRT logoVXRT
OCGN logoOCGN
IndustryBiotechnologyBiotechnology
Market Cap$167M$511M
Revenue (TTM)$256M$4M
Net Income (TTM)$37M$-68M
Gross Margin84.7%100.0%
Operating Margin14.9%-14.3%
Forward P/E9.9x
Total Debt$9M$33M
Cash & Equiv.$54M$19M

VXRT vs OCGNLong-Term Stock Performance

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

VXRT
OCGN
StockMay 20May 26Return
Vaxart, Inc. (VXRT)10025.8-74.2%
Ocugen, Inc. (OCGN)100487.1+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.

Bottom line: VXRT leads in 4 of 6 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Ocugen, 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.
VXRT
Vaxart, Inc.
The Income Pick

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%
Best for: income & stability and growth exposure
OCGN
Ocugen, Inc.
The Momentum Pick

OCGN is the clearest fit if your priority is momentum.

  • +119.0% vs VXRT's +69.7%
Best for: momentum
See the full category breakdown
CategoryWinnerWhy
GrowthVXRT logoVXRT7.3% revenue growth vs OCGN's 8.8%
Quality / MarginsVXRT logoVXRT14.5% margin vs OCGN's -15.4%
Stability / SafetyVXRT logoVXRTBeta 0.57 vs OCGN's 1.47
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)OCGN logoOCGN+119.0% vs VXRT's +69.7%
Efficiency (ROA)VXRT logoVXRT20.1% 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

VXRTVaxart, Inc.
FY 2025
Government Contract
89.8%$225M
Collaboration Revenue
6.0%$15M
License
3.5%$9M
Non Cash Royalty Revenue
0.8%$2M
OCGNOcugen, Inc.

Segment breakdown not available.

VXRT vs OCGN — Financial Metrics

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

BEST OVERALLVXRTLAGGINGOCGN

Income & Cash Flow (Last 12 Months)

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

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.

MetricVXRT logoVXRTVaxart, Inc.OCGN logoOCGNOcugen, Inc.
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%
VXRT leads this category, winning 5 of 6 comparable metrics.

Valuation Metrics

Evenly matched — VXRT and OCGN each lead in 1 of 2 comparable metrics.
MetricVXRT logoVXRTVaxart, Inc.OCGN logoOCGNOcugen, Inc.
Market CapShares × price$167M$511M
Enterprise ValueMkt cap + debt − cash$122M$526M
Trailing P/EPrice ÷ TTM EPS9.87x-6.57x
Forward P/EPrice ÷ next-FY EPS est.
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple4.59x
Price / SalesMarket cap ÷ Revenue0.70x115.83x
Price / BookPrice ÷ Book value/share1.81x
Price / FCFMarket cap ÷ FCF22.08x
Evenly matched — VXRT and OCGN each lead in 1 of 2 comparable metrics.

Profitability & Efficiency

VXRT leads this category, winning 8 of 8 comparable metrics.

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.

MetricVXRT logoVXRTVaxart, Inc.OCGN logoOCGNOcugen, Inc.
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 0–972
Debt / EquityFinancial leverage0.10x
Net DebtTotal debt minus cash-$45M$15M
Cash & Equiv.Liquid assets$54M$19M
Total DebtShort + long-term debt$9M$33M
Interest CoverageEBIT ÷ Interest expense25.83x-13.63x
VXRT leads this category, winning 8 of 8 comparable metrics.

Total Returns (Dividends Reinvested)

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

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.

MetricVXRT logoVXRTVaxart, Inc.OCGN logoOCGNOcugen, Inc.
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%
OCGN leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

VXRT leads this category, winning 2 of 2 comparable metrics.

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.

MetricVXRT logoVXRTVaxart, Inc.OCGN logoOCGNOcugen, Inc.
Beta (5Y)Sensitivity to S&P 5000.57x1.47x
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 0–10053.934.8
Avg Volume (50D)Average daily shares traded242K9.4M
VXRT leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

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).

MetricVXRT logoVXRTVaxart, Inc.OCGN logoOCGNOcugen, Inc.
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$2.00$5.00
# AnalystsCovering analysts35
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

VXRT leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). OCGN leads in 1 (Total Returns). 1 tied.

Best OverallVaxart, Inc. (VXRT)Leads 3 of 6 categories
Loading custom metrics...

VXRT vs OCGN: Frequently Asked Questions

8 questions · data-driven answers · updated daily

01

Is 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.

02

Which 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.

03

Which 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.

04

Which 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.

05

Which 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.

06

Which 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.

07

Is 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.

08

What 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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VXRT

High-Growth Compounder

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 43%
  • Net Margin > 8%
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OCGN

Quality Business

  • Sector: Healthcare
  • Market Cap > $100B
  • Gross Margin > 60%
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Revenue Growth>
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(VXRT: 87.9% · OCGN: -125.3%)

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