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WVE
NTLA logo
NTLA
EDIT logo
EDIT
IONS logo
IONS
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Stock Comparison

WVE vs NTLA vs EDIT vs IONS

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

Live fundamentals10-year financials5-year price chart
WVE
Wave Life Sciences Ltd.

Biotechnology

HealthcareNASDAQ • SG
Market Cap$1.12B
5Y Perf.-43.6%
NTLA
Intellia Therapeutics, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$1.39B
5Y Perf.-42.4%
EDIT
Editas Medicine, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$239M
5Y Perf.-91.5%
IONS
Ionis Pharmaceuticals, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$12.20B
5Y Perf.+24.3%

WVE vs NTLA vs EDIT vs IONS — Key Financials

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

Company Snapshot
WVE logoWVE
NTLA logoNTLA
EDIT logoEDIT
IONS logoIONS
IndustryBiotechnologyBiotechnologyBiotechnologyBiotechnology
Market Cap$1.12B$1.39B$239M$12.20B
Revenue (TTM)$72M$66M$39M$1.06B
Net Income (TTM)$-184M$-395M$-109M$-327M
Gross Margin93.8%-31.9%98.8%98.3%
Operating Margin-274.2%-6.4%-297.5%-33.3%
Total Debt$18M$93M$77M$2.61B
Cash & Equiv.$602M$155M$147M$372M

WVE vs NTLA vs EDIT vs IONSLong-Term Stock Performance

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

WVE
NTLA
EDIT
IONS
StockJun 20Jun 26Return
Wave Life Sciences … (WVE)10056.4-43.6%
Intellia Therapeuti… (NTLA)10057.6-42.4%
Editas Medicine, In… (EDIT)1008.5-91.5%
Ionis Pharmaceutica… (IONS)100124.3+24.3%

Price return only. Dividends and distributions are not included.

Quick Verdict: WVE vs NTLA vs EDIT vs IONS

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

Bottom line: IONS leads in 5 of 6 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. As sector peers, any of these can serve as alternatives in the same allocation.
🥇IONS emerged as the overall leader. Track its performance:
WVE
Wave Life Sciences Ltd.
The Defensive Pick

WVE is the #2 pick in this set and the best alternative if sleep-well-at-night and defensive is your priority.

  • Lower volatility, beta 1.82, Low D/E 3.4%, current ratio 6.47x
  • Beta 1.82, current ratio 6.47x
Best for: sleep-well-at-night and defensive
NTLA
Intellia Therapeutics, Inc.
The Specific-Use Pick

NTLA plays a supporting role in this comparison — it may shine differently against other peers.

Best for: healthcare exposure
EDIT
Editas Medicine, Inc.
The Growth Play

EDIT is the clearest fit if your priority is growth exposure.

  • Rev growth 25.4%, EPS growth 37.5%, 3Y rev CAGR 27.1%
Best for: growth exposure
IONS
Ionis Pharmaceuticals, Inc.
The Income Pick

IONS carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.

  • beta 0.41
  • 243.8% 10Y total return vs NTLA's -53.6%
  • 33.9% revenue growth vs WVE's -60.5%
  • -30.9% margin vs NTLA's -6.0%
Best for: income & stability and long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthIONS logoIONS33.9% revenue growth vs WVE's -60.5%
Quality / MarginsIONS logoIONS-30.9% margin vs NTLA's -6.0%
Stability / SafetyIONS logoIONSBeta 0.41 vs EDIT's 2.63
DividendsTieNone of these 4 stocks pay a meaningful dividend
Momentum (1Y)IONS logoIONS+104.0% vs WVE's -19.2%
Efficiency (ROA)IONS logoIONS-10.1% ROA vs EDIT's -58.2%

WVE vs NTLA vs EDIT vs IONS — Revenue Breakdown by Segment

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

Discover the Biotech & Healthcare Stocks Theme

These companies are key players in the Biotech & Healthcare Stocks ecosystem. See how they stack up against the rest of the sector.

Explore Theme
WVEWave Life Sciences Ltd.

Segment breakdown not available.

NTLAIntellia Therapeutics, Inc.

Segment breakdown not available.

EDITEditas Medicine, Inc.
FY 2025
Reportable Segment
100.0%$41M
IONSIonis Pharmaceuticals, Inc.
FY 2025
Commercial Member
52.1%$436M
Royalty
34.1%$286M
Product
13.8%$115M

WVE vs NTLA vs EDIT vs IONS — Financial Metrics

Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLIONSLAGGINGEDIT

Income & Cash Flow (Last 12 Months)

IONS leads this category, winning 3 of 6 comparable metrics.

IONS is the larger business by revenue, generating $1.1B annually — 27.3x EDIT's $39M. Profitability is closely matched — net margins range from -30.9% (IONS) to -6.0% (NTLA). On growth, WVE holds the edge at +3.2% YoY revenue growth, suggesting stronger near-term business momentum.

MetricWVE logoWVEWave Life Science…NTLA logoNTLAIntellia Therapeu…EDIT logoEDITEditas Medicine, …IONS logoIONSIonis Pharmaceuti…
RevenueTrailing 12 months$72M$66M$39M$1.1B
EBITDAEarnings before interest/tax-$188M-$411M-$111M$4.5B
Net IncomeAfter-tax profit-$184M-$395M-$109M-$327M
Free Cash FlowCash after capex-$183M-$364M-$141M-$971M
Gross MarginGross profit ÷ Revenue+93.8%-31.9%+98.8%+98.3%
Operating MarginEBIT ÷ Revenue-2.7%-6.4%-3.0%-33.3%
Net MarginNet income ÷ Revenue-2.6%-6.0%-2.8%-30.9%
FCF MarginFCF ÷ Revenue-2.6%-5.5%-3.6%-91.8%
Rev. Growth (YoY)Latest quarter vs prior year+3.2%-9.5%-39.2%+87.0%
EPS Growth (YoY)Latest quarter vs prior year+55.2%+26.4%+71.7%+39.8%
IONS leads this category, winning 3 of 6 comparable metrics.

Valuation Metrics

Evenly matched — WVE and EDIT and IONS each lead in 1 of 3 comparable metrics.
MetricWVE logoWVEWave Life Science…NTLA logoNTLAIntellia Therapeu…EDIT logoEDITEditas Medicine, …IONS logoIONSIonis Pharmaceuti…
Market CapShares × price$1.1B$1.4B$239M$12.2B
Enterprise ValueMkt cap + debt − cash$533M$1.3B$169M$14.4B
Trailing P/EPrice ÷ TTM EPS-4.80x-3.24x-1.36x-31.02x
Forward P/EPrice ÷ next-FY EPS est.
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple
Price / SalesMarket cap ÷ Revenue26.16x20.48x5.90x12.92x
Price / BookPrice ÷ Book value/share1.86x1.99x7.94x24.15x
Price / FCFMarket cap ÷ FCF
Evenly matched — WVE and EDIT and IONS each lead in 1 of 3 comparable metrics.

Profitability & Efficiency

Evenly matched — WVE and IONS each lead in 4 of 9 comparable metrics.

WVE delivers a -56.4% return on equity — every $100 of shareholder capital generates $-56 in annual profit, vs $-7 for EDIT. WVE carries lower financial leverage with a 0.03x debt-to-equity ratio, signaling a more conservative balance sheet compared to IONS's 5.35x. On the Piotroski fundamental quality scale (0–9), NTLA scores 4/9 vs EDIT's 1/9, reflecting mixed financial health.

MetricWVE logoWVEWave Life Science…NTLA logoNTLAIntellia Therapeu…EDIT logoEDITEditas Medicine, …IONS logoIONSIonis Pharmaceuti…
ROE (TTM)Return on equity-56.4%-57.3%-6.8%-58.6%
ROA (TTM)Return on assets-42.8%-46.1%-58.2%-10.1%
ROICReturn on invested capital-44.0%-12.8%
ROCEReturn on capital employed-54.9%-48.5%-49.1%-14.1%
Piotroski ScoreFundamental quality 0–93413
Debt / EquityFinancial leverage0.03x0.14x2.81x5.35x
Net DebtTotal debt minus cash-$584M-$62M-$70M$2.2B
Cash & Equiv.Liquid assets$602M$155M$147M$372M
Total DebtShort + long-term debt$18M$93M$77M$2.6B
Interest CoverageEBIT ÷ Interest expense-91.80x-3.64x
Evenly matched — WVE and IONS each lead in 4 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in IONS five years ago would be worth $19,462 today (with dividends reinvested), compared to $652 for EDIT. Over the past 12 months, IONS leads with a +104.0% total return vs WVE's -19.2%. The 3-year compound annual growth rate (CAGR) favors IONS at 21.0% vs EDIT's -37.4% — a key indicator of consistent wealth creation.

MetricWVE logoWVEWave Life Science…NTLA logoNTLAIntellia Therapeu…EDIT logoEDITEditas Medicine, …IONS logoIONSIonis Pharmaceuti…
YTD ReturnYear-to-date-63.6%+34.1%+19.0%-7.3%
1-Year ReturnPast 12 months-19.2%+47.6%+20.2%+104.0%
3-Year ReturnCumulative with dividends+39.0%-71.7%-75.4%+77.3%
5-Year ReturnCumulative with dividends-19.8%-85.5%-93.5%+94.6%
10-Year ReturnCumulative with dividends-62.8%-53.6%-91.9%+243.8%
CAGR (3Y)Annualised 3-year return+11.6%-34.3%-37.4%+21.0%
IONS leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

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

IONS is the less volatile stock with a 0.41 beta — it tends to amplify market swings less than EDIT's 2.63 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. IONS currently trades 85.1% from its 52-week high vs WVE's 26.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricWVE logoWVEWave Life Science…NTLA logoNTLAIntellia Therapeu…EDIT logoEDITEditas Medicine, …IONS logoIONSIonis Pharmaceuti…
Beta (5Y)Sensitivity to S&P 5001.76x2.28x2.52x0.42x
52-Week HighHighest price in past year$21.73$28.25$4.54$86.74
52-Week LowLowest price in past year$5.02$7.95$1.66$34.78
% of 52W HighCurrent price vs 52-week peak+26.7%+43.7%+53.7%+85.1%
RSI (14)Momentum oscillator 0–10034.242.239.844.2
Avg Volume (50D)Average daily shares traded3.7M6.2M2.1M1.6M
IONS leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Analyst consensus: WVE as "Buy", NTLA as "Buy", EDIT as "Buy", IONS as "Buy". Consensus price targets imply 294.0% upside for WVE (target: $23) vs 45.3% for IONS (target: $107).

MetricWVE logoWVEWave Life Science…NTLA logoNTLAIntellia Therapeu…EDIT logoEDITEditas Medicine, …IONS logoIONSIonis Pharmaceuti…
Analyst RatingConsensus buy/hold/sellBuyBuyBuyBuy
Price TargetConsensus 12-month target$22.89$26.29$5.00$107.27
# AnalystsCovering analysts25392532
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%0.0%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

IONS leads in 3 of 6 categories — strongest in Income & Cash Flow and Total Returns. 2 categories are tied.

Best OverallIonis Pharmaceuticals, Inc. (IONS)Leads 3 of 6 categories
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WVE vs NTLA vs EDIT vs IONS: Key Questions Answered

8 questions · data-driven answers · updated daily

01

Is WVE or NTLA or EDIT or IONS a better buy right now?

For growth investors, Ionis Pharmaceuticals, Inc.

(IONS) is the stronger pick with 33. 9% revenue growth year-over-year, versus -60. 5% for Wave Life Sciences Ltd. (WVE). Analysts rate Wave Life Sciences Ltd. (WVE) a "Buy" — based on 25 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 — WVE or NTLA or EDIT or IONS?

Over the past 5 years, Ionis Pharmaceuticals, Inc.

(IONS) delivered a total return of +94. 6%, compared to -93. 5% for Editas Medicine, Inc. (EDIT). Over 10 years, the gap is even starker: IONS returned +241. 3% versus EDIT'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 — WVE or NTLA or EDIT or IONS?

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

(IONS) is the lower-risk stock at 0. 42β versus Editas Medicine, Inc. 's 2. 52β — meaning EDIT is approximately 503% more volatile than IONS relative to the S&P 500. On balance sheet safety, Wave Life Sciences Ltd. (WVE) carries a lower debt/equity ratio of 3% versus 5% for Ionis Pharmaceuticals, Inc. — giving it more financial flexibility in a downturn.

04

Which is growing faster — WVE or NTLA or EDIT or IONS?

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

(IONS) is pulling ahead at 33. 9% versus -60. 5% for Wave Life Sciences Ltd. (WVE). On earnings-per-share growth, the picture is similar: Editas Medicine, Inc. grew EPS 37. 5% year-over-year, compared to -72. 9% for Wave Life Sciences Ltd.. Over a 3-year CAGR, WVE leads at 127. 1% 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 — WVE or NTLA or EDIT or IONS?

Ionis Pharmaceuticals, Inc.

(IONS) is the more profitable company, earning -40. 4% net margin versus -609. 9% for Intellia Therapeutics, Inc. — meaning it keeps -40. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: IONS leads at -40. 5% versus -651. 7% for NTLA. At the gross margin level — before operating expenses — EDIT 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 — WVE or NTLA or EDIT or IONS?

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 WVE or NTLA or EDIT or IONS better for a retirement portfolio?

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

(IONS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 42), +241. 3% 10Y return). Editas Medicine, Inc. (EDIT) carries a higher beta of 2. 52 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (IONS: +241. 3%, EDIT: -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 WVE and NTLA and EDIT and IONS?

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: WVE is a small-cap quality compounder stock; NTLA is a small-cap high-growth stock; EDIT is a small-cap high-growth stock; IONS is a mid-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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