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WVE
TMO logo
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ILMN logo
ILMN
PACB logo
PACB
KO logo
KO
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Stock Comparison

WVE vs TMO vs ILMN vs PACB vs KO

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%
TMO
Thermo Fisher Scientific Inc.

Medical - Diagnostics & Research

HealthcareNYSE • US
Market Cap$176.77B
5Y Perf.+29.5%
ILMN
Illumina, Inc.

Medical - Diagnostics & Research

HealthcareNASDAQ • US
Market Cap$25.25B
5Y Perf.-55.3%
PACB
Pacific Biosciences of California, Inc.

Medical - Devices

HealthcareNASDAQ • US
Market Cap$419M
5Y Perf.-62.0%
KO
The Coca-Cola Company

Beverages - Non-Alcoholic

Consumer DefensiveNYSE • US
Market Cap$355.22B
5Y Perf.+84.9%

WVE vs TMO vs ILMN vs PACB vs KO — Key Financials

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

Company Snapshot
WVE logoWVE
TMO logoTMO
ILMN logoILMN
PACB logoPACB
KO logoKO
IndustryBiotechnologyMedical - Diagnostics & ResearchMedical - Diagnostics & ResearchMedical - DevicesBeverages - Non-Alcoholic
Market Cap$1.12B$176.77B$25.25B$419M$355.22B
Revenue (TTM)$72M$45.20B$4.39B$160M$49.28B
Net Income (TTM)$-184M$6.86B$853M$-129M$13.70B
Gross Margin93.8%39.4%67.1%37.1%61.7%
Operating Margin-274.2%17.8%20.9%-101.7%29.3%
Forward P/E18.9x31.8x25.2x
Total Debt$18M$40.85B$2.55B$759M$45.49B
Cash & Equiv.$602M$9.86B$1.42B$64M$10.27B

WVE vs TMO vs ILMN vs PACB vs KOLong-Term Stock Performance

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

WVE
TMO
ILMN
PACB
KO
StockJun 20Jun 26Return
Wave Life Sciences … (WVE)10056.4-43.6%
Thermo Fisher Scien… (TMO)100129.5+29.5%
Illumina, Inc. (ILMN)10044.7-55.3%
Pacific Biosciences… (PACB)10038.0-62.0%
The Coca-Cola Compa… (KO)100184.9+84.9%

Price return only. Dividends and distributions are not included.

Quick Verdict: WVE vs TMO vs ILMN vs PACB vs KO

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

Bottom line: TMO leads in 3 of 7 categories (5-stock set), making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Illumina, Inc. is the stronger pick specifically for recent price momentum and sentiment and operational efficiency and capital deployment. KO also leads in specific categories worth noting. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
🥇TMO emerged as the overall leader. Track its performance:
WVE
Wave Life Sciences Ltd.
The Healthcare Pick

WVE lags the leaders in this set but could rank higher in a more targeted comparison.

Best for: healthcare exposure
TMO
Thermo Fisher Scientific Inc.
The Growth Play

TMO carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.

  • Rev growth 3.9%, EPS growth 7.3%, 3Y rev CAGR -0.3%
  • 223.2% 10Y total return vs KO's 120.9%
  • Lower volatility, beta 0.95, Low D/E 76.3%, current ratio 1.89x
  • Beta 0.95, yield 0.4%, current ratio 1.89x
Best for: growth exposure and long-term compounding
ILMN
Illumina, Inc.
The Momentum Pick

ILMN is the #2 pick in this set and the best alternative if momentum and efficiency is your priority.

  • +89.9% vs WVE's -19.2%
  • 13.4% ROA vs WVE's -42.8%
Best for: momentum and efficiency
PACB
Pacific Biosciences of California, Inc.
The Healthcare Pick

Among these 5 stocks, PACB doesn't own a clear edge in any measured category.

Best for: healthcare exposure
KO
The Coca-Cola Company
The Income Pick

KO ranks third and is worth considering specifically for income & stability and valuation efficiency.

  • Dividend streak 56 yrs, beta -0.15, yield 2.5%
  • PEG 2.26 vs TMO's 8.94
  • 27.8% margin vs WVE's -255.7%
  • 2.5% yield, 56-year raise streak, vs TMO's 0.4%, (3 stocks pay no dividend)
Best for: income & stability and valuation efficiency
See the full category breakdown
CategoryWinnerWhy
GrowthTMO logoTMO3.9% revenue growth vs WVE's -60.5%
ValueTMO logoTMOBetter valuation composite
Quality / MarginsKO logoKO27.8% margin vs WVE's -255.7%
Stability / SafetyTMO logoTMOBeta 0.95 vs PACB's 2.92, lower leverage
DividendsKO logoKO2.5% yield, 56-year raise streak, vs TMO's 0.4%, (3 stocks pay no dividend)
Momentum (1Y)ILMN logoILMN+89.9% vs WVE's -19.2%
Efficiency (ROA)ILMN logoILMN13.4% ROA vs WVE's -42.8%

WVE vs TMO vs ILMN vs PACB vs KO — 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.

TMOThermo Fisher Scientific Inc.
FY 2025
Consumables
41.9%$18.7B
Service
41.7%$18.6B
Instruments
16.4%$7.3B
ILMNIllumina, Inc.
FY 2025
Sequencing
91.8%$4.0B
Microarray
8.2%$358M
PACBPacific Biosciences of California, Inc.
FY 2025
Product
45.9%$136M
Consumable
27.7%$82M
Instrument
18.2%$54M
Service And Other
8.2%$24M
KOThe Coca-Cola Company
FY 2025
Pacific
84.6%$31.6B
Bottling investments
15.4%$5.7B

WVE vs TMO vs ILMN vs PACB vs KO — Financial Metrics

Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLKOLAGGINGPACB

Income & Cash Flow (Last 12 Months)

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

KO is the larger business by revenue, generating $49.3B annually — 686.4x WVE's $72M. KO is the more profitable business, keeping 27.8% of every revenue dollar as net income compared to WVE's -2.6%. On growth, WVE holds the edge at +3.2% YoY revenue growth, suggesting stronger near-term business momentum.

MetricWVE logoWVEWave Life Science…TMO logoTMOThermo Fisher Sci…ILMN logoILMNIllumina, Inc.PACB logoPACBPacific Bioscienc…KO logoKOThe Coca-Cola Com…
RevenueTrailing 12 months$72M$45.2B$4.4B$160M$49.3B
EBITDAEarnings before interest/tax-$188M$10.5B$1.1B-$151M$15.5B
Net IncomeAfter-tax profit-$184M$6.9B$853M-$129M$13.7B
Free Cash FlowCash after capex-$183M$6.7B$989M-$116M$12.6B
Gross MarginGross profit ÷ Revenue+93.8%+39.4%+67.1%+37.1%+61.7%
Operating MarginEBIT ÷ Revenue-2.7%+17.8%+20.9%-101.7%+29.3%
Net MarginNet income ÷ Revenue-2.6%+15.2%+19.4%-80.3%+27.8%
FCF MarginFCF ÷ Revenue-2.6%+14.9%+22.5%-72.6%+25.5%
Rev. Growth (YoY)Latest quarter vs prior year+3.2%+6.2%+4.8%+0.1%+12.1%
EPS Growth (YoY)Latest quarter vs prior year+55.2%+11.3%+6.1%+97.9%+18.2%
KO leads this category, winning 3 of 6 comparable metrics.

Valuation Metrics

Evenly matched — WVE and TMO each lead in 2 of 7 comparable metrics.

At 26.8x trailing earnings, TMO trades at a 12% valuation discount to ILMN's 30.5x P/E. Adjusting for growth (PEG ratio), KO offers better value at 2.43x vs TMO's 12.70x — a lower PEG means you pay less per unit of expected earnings growth.

MetricWVE logoWVEWave Life Science…TMO logoTMOThermo Fisher Sci…ILMN logoILMNIllumina, Inc.PACB logoPACBPacific Bioscienc…KO logoKOThe Coca-Cola Com…
Market CapShares × price$1.1B$176.8B$25.2B$419M$355.2B
Enterprise ValueMkt cap + debt − cash$533M$207.8B$26.4B$1.1B$390.4B
Trailing P/EPrice ÷ TTM EPS-4.80x26.81x30.50x-0.74x27.15x
Forward P/EPrice ÷ next-FY EPS est.18.88x31.84x25.24x
PEG RatioP/E ÷ EPS growth rate12.70x7.21x2.43x
EV / EBITDAEnterprise value multiple19.08x23.27x26.36x
Price / SalesMarket cap ÷ Revenue26.16x3.97x5.82x2.62x7.41x
Price / BookPrice ÷ Book value/share1.86x3.35x9.52x75.71x10.39x
Price / FCFMarket cap ÷ FCF28.09x27.12x67.07x
Evenly matched — WVE and TMO each lead in 2 of 7 comparable metrics.

Profitability & Efficiency

ILMN leads this category, winning 5 of 9 comparable metrics.

KO delivers a 41.1% return on equity — every $100 of shareholder capital generates $41 in annual profit, vs $-5 for PACB. WVE carries lower financial leverage with a 0.03x debt-to-equity ratio, signaling a more conservative balance sheet compared to PACB's 141.98x. On the Piotroski fundamental quality scale (0–9), ILMN scores 8/9 vs PACB's 3/9, reflecting strong financial health.

MetricWVE logoWVEWave Life Science…TMO logoTMOThermo Fisher Sci…ILMN logoILMNIllumina, Inc.PACB logoPACBPacific Bioscienc…KO logoKOThe Coca-Cola Com…
ROE (TTM)Return on equity-56.4%+13.2%+32.8%-4.9%+41.1%
ROA (TTM)Return on assets-42.8%+6.4%+13.4%-16.1%+13.1%
ROICReturn on invested capital+7.5%+16.8%-45.8%+15.8%
ROCEReturn on capital employed-54.9%+9.1%+17.6%-58.0%+17.3%
Piotroski ScoreFundamental quality 0–936837
Debt / EquityFinancial leverage0.03x0.76x0.94x141.98x1.33x
Net DebtTotal debt minus cash-$584M$31.0B$1.1B$696M$35.2B
Cash & Equiv.Liquid assets$602M$9.9B$1.4B$64M$10.3B
Total DebtShort + long-term debt$18M$40.9B$2.6B$759M$45.5B
Interest CoverageEBIT ÷ Interest expense5.89x12.09x-44.67x10.70x
ILMN leads this category, winning 5 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in KO five years ago would be worth $16,364 today (with dividends reinvested), compared to $462 for PACB. Over the past 12 months, ILMN leads with a +89.9% total return vs WVE's -19.2%. The 3-year compound annual growth rate (CAGR) favors KO at 13.7% vs PACB's -54.0% — a key indicator of consistent wealth creation.

MetricWVE logoWVEWave Life Science…TMO logoTMOThermo Fisher Sci…ILMN logoILMNIllumina, Inc.PACB logoPACBPacific Bioscienc…KO logoKOThe Coca-Cola Com…
YTD ReturnYear-to-date-63.6%-19.6%+23.7%-26.6%+20.2%
1-Year ReturnPast 12 months-19.2%+15.0%+89.9%+16.4%+17.4%
3-Year ReturnCumulative with dividends+39.0%-8.3%-17.8%-90.3%+46.9%
5-Year ReturnCumulative with dividends-19.8%+3.8%-62.3%-95.4%+63.6%
10-Year ReturnCumulative with dividends-62.8%+223.2%+22.4%-86.2%+120.9%
CAGR (3Y)Annualised 3-year return+11.6%-2.8%-6.3%-54.0%+13.7%
KO leads this category, winning 3 of 6 comparable metrics.

Risk & Volatility

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

KO is the less volatile stock with a -0.15 beta — it tends to amplify market swings less than PACB's 2.92 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. KO currently trades 98.2% 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…TMO logoTMOThermo Fisher Sci…ILMN logoILMNIllumina, Inc.PACB logoPACBPacific Bioscienc…KO logoKOThe Coca-Cola Com…
Beta (5Y)Sensitivity to S&P 5001.76x0.91x0.99x2.73x-0.20x
52-Week HighHighest price in past year$21.73$643.99$177.22$2.73$84.04
52-Week LowLowest price in past year$5.02$385.46$85.77$1.09$65.35
% of 52W HighCurrent price vs 52-week peak+26.7%+73.9%+93.8%+49.5%+98.2%
RSI (14)Momentum oscillator 0–10034.253.663.346.365.7
Avg Volume (50D)Average daily shares traded3.7M2.0M1.6M6.1M12.6M
KO leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

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

Analyst consensus: WVE as "Buy", TMO as "Buy", ILMN as "Buy", PACB as "Buy", KO as "Buy". Consensus price targets imply 294.0% upside for WVE (target: $23) vs -25.9% for PACB (target: $1). For income investors, KO offers the higher dividend yield at 2.47% vs TMO's 0.35%.

MetricWVE logoWVEWave Life Science…TMO logoTMOThermo Fisher Sci…ILMN logoILMNIllumina, Inc.PACB logoPACBPacific Bioscienc…KO logoKOThe Coca-Cola Com…
Analyst RatingConsensus buy/hold/sellBuyBuyBuyBuyBuy
Price TargetConsensus 12-month target$22.89$599.70$151.40$1.00$86.29
# AnalystsCovering analysts2542501848
Dividend YieldAnnual dividend ÷ price+0.4%+2.5%
Dividend StreakConsecutive years of raises856
Dividend / ShareAnnual DPS$1.69$2.04
Buyback YieldShare repurchases ÷ mkt cap0.0%+1.7%+2.9%0.0%+0.2%
KO leads this category, winning 2 of 2 comparable metrics.
Key Takeaway

KO leads in 4 of 6 categories (Income & Cash Flow, Total Returns). ILMN leads in 1 (Profitability & Efficiency). 1 tied.

Best OverallThe Coca-Cola Company (KO)Leads 4 of 6 categories
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WVE vs TMO vs ILMN vs PACB vs KO: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is WVE or TMO or ILMN or PACB or KO a better buy right now?

For growth investors, Thermo Fisher Scientific Inc.

(TMO) is the stronger pick with 3. 9% revenue growth year-over-year, versus -60. 5% for Wave Life Sciences Ltd. (WVE). Thermo Fisher Scientific Inc. (TMO) offers the better valuation at 26. 8x trailing P/E (18. 9x forward), making it the more compelling value choice. 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 has the better valuation — WVE or TMO or ILMN or PACB or KO?

On trailing P/E, Thermo Fisher Scientific Inc.

(TMO) is the cheapest at 26. 8x versus Illumina, Inc. at 30. 5x. On forward P/E, Thermo Fisher Scientific Inc. is actually cheaper at 18. 9x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: The Coca-Cola Company wins at 2. 26x versus Thermo Fisher Scientific Inc. 's 8. 94x.

03

Which is the better long-term investment — WVE or TMO or ILMN or PACB or KO?

Over the past 5 years, The Coca-Cola Company (KO) delivered a total return of +63.

6%, compared to -95. 4% for Pacific Biosciences of California, Inc. (PACB). Over 10 years, the gap is even starker: TMO returned +219. 0% versus PACB's -86. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — WVE or TMO or ILMN or PACB or KO?

By beta (market sensitivity over 5 years), The Coca-Cola Company (KO) is the lower-risk stock at -0.

20β versus Pacific Biosciences of California, Inc. 's 2. 73β — meaning PACB is approximately -1465% more volatile than KO relative to the S&P 500. On balance sheet safety, Wave Life Sciences Ltd. (WVE) carries a lower debt/equity ratio of 3% versus 142% for Pacific Biosciences of California, Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — WVE or TMO or ILMN or PACB or KO?

By revenue growth (latest reported year), Thermo Fisher Scientific Inc.

(TMO) is pulling ahead at 3. 9% versus -60. 5% for Wave Life Sciences Ltd. (WVE). On earnings-per-share growth, the picture is similar: Illumina, Inc. grew EPS 170. 9% 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.

06

Which has better profit margins — WVE or TMO or ILMN or PACB or KO?

The Coca-Cola Company (KO) is the more profitable company, earning 27.

3% net margin versus -478. 3% for Wave Life Sciences Ltd. — meaning it keeps 27. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: KO leads at 28. 7% versus -504. 1% for WVE. At the gross margin level — before operating expenses — WVE leads at 79. 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.

07

Is WVE or TMO or ILMN or PACB or KO more undervalued right now?

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, The Coca-Cola Company (KO) is the more undervalued stock at a PEG of 2. 26x versus Thermo Fisher Scientific Inc. 's 8. 94x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Thermo Fisher Scientific Inc. (TMO) trades at 18. 9x forward P/E versus 31. 8x for Illumina, Inc. — 13. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for WVE: 294. 0% to $22. 89.

08

Which pays a better dividend — WVE or TMO or ILMN or PACB or KO?

In this comparison, KO (2.

5% yield), TMO (0. 4% yield) pay a dividend. WVE, ILMN, PACB do not pay a meaningful dividend and should not be held primarily for income.

09

Is WVE or TMO or ILMN or PACB or KO better for a retirement portfolio?

For long-horizon retirement investors, The Coca-Cola Company (KO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.

20), 2. 5% yield, +121. 1% 10Y return). Pacific Biosciences of California, Inc. (PACB) carries a higher beta of 2. 73 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (KO: +121. 1%, PACB: -86. 6%), 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.

10

What are the main differences between WVE and TMO and ILMN and PACB and KO?

These companies operate in different sectors (WVE (Healthcare) and TMO (Healthcare) and ILMN (Healthcare) and PACB (Healthcare) and KO (Consumer Defensive)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

KO pays a dividend while WVE, TMO, ILMN, PACB do not, making them suitable for different income and tax situations. 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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