Biotechnology
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Side-by-side financial analysisStock Comparison
WVE vs NTLA vs EDIT vs IONS
Revenue, margins, valuation, and 5-year total return — side by side.
Biotechnology
Biotechnology
Biotechnology
WVE vs NTLA vs EDIT vs IONS — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Biotechnology | Biotechnology | Biotechnology | Biotechnology |
| Market Cap | $1.12B | $1.39B | $239M | $12.20B |
| Revenue (TTM) | $72M | $66M | $39M | $1.06B |
| Net Income (TTM) | $-184M | $-395M | $-109M | $-327M |
| Gross Margin | 93.8% | -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 IONS — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jun 20 | Jun 26 | Return |
|---|---|---|---|
| Wave Life Sciences … (WVE) | 100 | 56.4 | -43.6% |
| Intellia Therapeuti… (NTLA) | 100 | 57.6 | -42.4% |
| Editas Medicine, In… (EDIT) | 100 | 8.5 | -91.5% |
| Ionis Pharmaceutica… (IONS) | 100 | 124.3 | +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.
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
NTLA plays a supporting role in this comparison — it may shine differently against other peers.
EDIT is the clearest fit if your priority is growth exposure.
- Rev growth 25.4%, EPS growth 37.5%, 3Y rev CAGR 27.1%
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%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 33.9% revenue growth vs WVE's -60.5% | |
| Quality / Margins | -30.9% margin vs NTLA's -6.0% | |
| Stability / Safety | Beta 0.41 vs EDIT's 2.63 | |
| Dividends | Tie | None of these 4 stocks pay a meaningful dividend |
| Momentum (1Y) | +104.0% vs WVE's -19.2% | |
| Efficiency (ROA) | -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
Segment breakdown not available.
Segment breakdown not available.
WVE vs NTLA vs EDIT vs IONS — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
IONS leads in 3 of 6 categories
WVE leads 0 • NTLA leads 0 • EDIT leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
IONS leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
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.
| Metric | ||||
|---|---|---|---|---|
| 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% |
Valuation Metrics
Evenly matched — WVE and EDIT and IONS each lead in 1 of 3 comparable metrics.
Valuation Metrics
| Metric | ||||
|---|---|---|---|---|
| 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 ÷ Revenue | 26.16x | 20.48x | 5.90x | 12.92x |
| Price / BookPrice ÷ Book value/share | 1.86x | 1.99x | 7.94x | 24.15x |
| Price / FCFMarket cap ÷ FCF | — | — | — | — |
Profitability & Efficiency
Evenly matched — WVE and IONS each lead in 4 of 9 comparable metrics.
Profitability & Efficiency
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.
| Metric | ||||
|---|---|---|---|---|
| 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 0–9 | 3 | 4 | 1 | 3 |
| Debt / EquityFinancial leverage | 0.03x | 0.14x | 2.81x | 5.35x |
| 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 |
Total Returns (Dividends Reinvested)
IONS leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
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.
| Metric | ||||
|---|---|---|---|---|
| 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% |
Risk & Volatility
IONS leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
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.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.76x | 2.28x | 2.52x | 0.42x |
| 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 0–100 | 34.2 | 42.2 | 39.8 | 44.2 |
| Avg Volume (50D)Average daily shares traded | 3.7M | 6.2M | 2.1M | 1.6M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
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).
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $22.89 | $26.29 | $5.00 | $107.27 |
| # AnalystsCovering analysts | 25 | 39 | 25 | 32 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | — |
| Dividend StreakConsecutive years of raises | — | — | — | — |
| Dividend / ShareAnnual DPS | — | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | 0.0% | 0.0% |
IONS leads in 3 of 6 categories — strongest in Income & Cash Flow and Total Returns. 2 categories are tied.
WVE vs NTLA vs EDIT vs IONS: Key Questions Answered
8 questions · data-driven answers · updated daily
01Is 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.
02Which 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.
03Which 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.
04Which 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.
05Which 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.
06Which 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.
07Is 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.
08What 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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