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YDESW vs BNTX vs NVAX vs OCGN vs VXRT

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

Live fundamentals10-year financials5-year price chart
YDESW
YD Bio Limited Warrants

Biotechnology

HealthcareNASDAQ • TW
Market Cap
5Y Perf.-1.9%
BNTX
BioNTech SE

Biotechnology

HealthcareNASDAQ • DE
Market Cap$23.69B
5Y Perf.+89.1%
NVAX
Novavax, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$1.58B
5Y Perf.-79.1%
OCGN
Ocugen, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$498M
5Y Perf.+374.2%
VXRT
Vaxart, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$167M
5Y Perf.-74.3%

YDESW vs BNTX vs NVAX vs OCGN vs VXRT — Key Financials

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

Company Snapshot
YDESW logoYDESW
BNTX logoBNTX
NVAX logoNVAX
OCGN logoOCGN
VXRT logoVXRT
IndustryBiotechnologyBiotechnologyBiotechnologyBiotechnologyBiotechnology
Market Cap$23.69B$1.58B$498M$167M
Revenue (TTM)$510K$2.86B$596M$4M$256M
Net Income (TTM)$-1M$-1.13B$-88M$-68M$37M
Gross Margin30.4%77.7%84.6%100.0%84.7%
Operating Margin-286.5%-45.9%-11.2%-14.3%14.9%
Forward P/E3.8x9.9x
Total Debt$23K$267M$249M$33M$9M
Cash & Equiv.$3M$7.67B$241M$19M$54M

YDESW vs BNTX vs NVAX vs OCGN vs VXRTLong-Term Stock Performance

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

YDESW
BNTX
NVAX
OCGN
VXRT
StockMay 20May 26Return
BioNTech SE (BNTX)100189.1+89.1%
Novavax, Inc. (NVAX)10020.9-79.1%
Ocugen, Inc. (OCGN)100474.2+374.2%
Vaxart, Inc. (VXRT)10025.7-74.3%

Price return only. Dividends and distributions are not included.

Quick Verdict: YDESW vs BNTX vs NVAX vs OCGN vs VXRT

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

Bottom line: VXRT leads in 4 of 7 categories (5-stock set), making it the strongest pick for growth and revenue expansion and profitability and margin quality. Novavax, Inc. is the stronger pick specifically for valuation and capital efficiency. OCGN also leads in specific categories worth noting. As sector peers, any of these can serve as alternatives in the same allocation.
YDESW
YD Bio Limited Warrants
The Growth Angle

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

Best for: healthcare exposure
BNTX
BioNTech SE
The Income Pick

BNTX is the clearest fit if your priority is income & stability and long-term compounding.

  • Dividend streak 1 yrs, beta 1.05
  • 5.7% 10Y total return vs YDESW's -9.2%
  • Lower volatility, beta 1.05, Low D/E 1.4%, current ratio 7.54x
  • Beta 1.05, current ratio 7.54x
Best for: income & stability and long-term compounding
NVAX
Novavax, Inc.
The Value Play

NVAX is the #2 pick in this set and the best alternative if value is your priority.

  • Better valuation composite
Best for: value
OCGN
Ocugen, Inc.
The Momentum Pick

OCGN ranks third and is worth considering specifically for momentum.

  • +110.0% vs YDESW's -9.2%
Best for: momentum
VXRT
Vaxart, Inc.
The Growth Play

VXRT carries the broadest edge in this set and is the clearest fit for growth exposure.

  • Rev growth 7.3%, EPS growth 150.0%, 3Y rev CAGR 12.0%
  • 7.3% revenue growth vs BNTX's 0.2%
  • 14.5% margin vs OCGN's -15.4%
  • Beta 0.57 vs YDESW's 2.23
Best for: growth exposure
See the full category breakdown
CategoryWinnerWhy
GrowthVXRT logoVXRT7.3% revenue growth vs BNTX's 0.2%
ValueNVAX logoNVAXBetter valuation composite
Quality / MarginsVXRT logoVXRT14.5% margin vs OCGN's -15.4%
Stability / SafetyVXRT logoVXRTBeta 0.57 vs YDESW's 2.23
DividendsTieNone of these 5 stocks pay a meaningful dividend
Momentum (1Y)OCGN logoOCGN+110.0% vs YDESW's -9.2%
Efficiency (ROA)VXRT logoVXRT20.1% ROA vs OCGN's -123.4%, ROIC 27.1% vs -15.7%

YDESW vs BNTX vs NVAX vs OCGN vs VXRT — Revenue Breakdown by Segment

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

YDESWYD Bio Limited Warrants

Segment breakdown not available.

BNTXBioNTech SE
FY 2025
Other Sales
100.0%$262M
NVAXNovavax, Inc.
FY 2025
Product
50.0%$685M
Nuvaxovid Sales
45.6%$625M
Supply Sales
4.4%$60M
OCGNOcugen, Inc.

Segment breakdown not available.

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

YDESW vs BNTX vs NVAX vs OCGN vs VXRT — Financial Metrics

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

BEST OVERALLVXRTLAGGINGNVAX

Income & Cash Flow (Last 12 Months)

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

BNTX is the larger business by revenue, generating $2.9B annually — 5606.6x YDESW's $510,360. 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.

MetricYDESW logoYDESWYD Bio Limited Wa…BNTX logoBNTXBioNTech SENVAX logoNVAXNovavax, Inc.OCGN logoOCGNOcugen, Inc.VXRT logoVXRTVaxart, Inc.
RevenueTrailing 12 months$510,360$2.9B$596M$4M$256M
EBITDAEarnings before interest/tax-$931M-$47M-$61M$45M
Net IncomeAfter-tax profit-$1.1B-$88M-$68M$37M
Free Cash FlowCash after capex$277M-$97M-$57M$15M
Gross MarginGross profit ÷ Revenue+30.4%+77.7%+84.6%+100.0%+84.7%
Operating MarginEBIT ÷ Revenue-2.9%-45.9%-11.2%-14.3%+14.9%
Net MarginNet income ÷ Revenue-2.8%-39.6%-14.7%-15.4%+14.5%
FCF MarginFCF ÷ Revenue-9.3%+9.7%-16.3%-13.0%+5.8%
Rev. Growth (YoY)Latest quarter vs prior year-24.5%-79.1%-125.3%+87.9%
EPS Growth (YoY)Latest quarter vs prior year-2.1%-102.0%-18.9%+129.2%
VXRT leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

Evenly matched — BNTX and VXRT each lead in 2 of 5 comparable metrics.

At 3.8x trailing earnings, NVAX trades at a 62% valuation discount to VXRT's 9.9x P/E. On an enterprise value basis, NVAX's 2.7x EV/EBITDA is more attractive than VXRT's 4.6x.

MetricYDESW logoYDESWYD Bio Limited Wa…BNTX logoBNTXBioNTech SENVAX logoNVAXNovavax, Inc.OCGN logoOCGNOcugen, Inc.VXRT logoVXRTVaxart, Inc.
Market CapShares × price$23.7B$1.6B$498M$167M
Enterprise ValueMkt cap + debt − cash$15.0B$1.6B$512M$122M
Trailing P/EPrice ÷ TTM EPS-17.67x3.79x-6.39x9.86x
Forward P/EPrice ÷ next-FY EPS est.
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple2.69x4.58x
Price / SalesMarket cap ÷ Revenue7.31x1.41x112.76x0.70x
Price / BookPrice ÷ Book value/share1.00x1.81x
Price / FCFMarket cap ÷ FCF74.67x22.06x
Evenly matched — BNTX and VXRT each lead in 2 of 5 comparable metrics.

Profitability & Efficiency

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

VXRT delivers a 61.4% return on equity — every $100 of shareholder capital generates $61 in annual profit, vs $-26 for OCGN. YDESW carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to VXRT's 0.10x. On the Piotroski fundamental quality scale (0–9), VXRT scores 7/9 vs OCGN's 2/9, reflecting strong financial health.

MetricYDESW logoYDESWYD Bio Limited Wa…BNTX logoBNTXBioNTech SENVAX logoNVAXNovavax, Inc.OCGN logoOCGNOcugen, Inc.VXRT logoVXRTVaxart, Inc.
ROE (TTM)Return on equity-42.7%-6.0%-26.3%+61.4%
ROA (TTM)Return on assets-39.3%-5.3%-7.4%-123.4%+20.1%
ROICReturn on invested capital-63.3%-4.3%-15.7%+27.1%
ROCEReturn on capital employed-44.1%-3.1%+100.4%-154.7%+20.7%
Piotroski ScoreFundamental quality 0–934527
Debt / EquityFinancial leverage0.00x0.01x0.10x
Net DebtTotal debt minus cash-$3M-$7.4B$8M$15M-$45M
Cash & Equiv.Liquid assets$3M$7.7B$241M$19M$54M
Total DebtShort + long-term debt$22,555$267M$249M$33M$9M
Interest CoverageEBIT ÷ Interest expense-1893.69x-62.15x-6.40x-13.63x25.83x
VXRT leads this category, winning 5 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in YDESW five years ago would be worth $9,083 today (with dividends reinvested), compared to $753 for NVAX. Over the past 12 months, OCGN leads with a +110.0% total return vs YDESW's -9.2%. The 3-year compound annual growth rate (CAGR) favors OCGN at 29.6% vs VXRT's -13.1% — a key indicator of consistent wealth creation.

MetricYDESW logoYDESWYD Bio Limited Wa…BNTX logoBNTXBioNTech SENVAX logoNVAXNovavax, Inc.OCGN logoOCGNOcugen, Inc.VXRT logoVXRTVaxart, Inc.
YTD ReturnYear-to-date-50.0%-3.1%+34.9%+6.5%+91.7%
1-Year ReturnPast 12 months-9.2%-3.7%+51.7%+110.0%+70.4%
3-Year ReturnCumulative with dividends-9.2%-11.0%+13.8%+117.5%-34.3%
5-Year ReturnCumulative with dividends-9.2%-48.5%-92.5%-82.9%-89.4%
10-Year ReturnCumulative with dividends-9.2%+572.5%-88.9%-98.6%-95.8%
CAGR (3Y)Annualised 3-year return-3.2%-3.8%+4.4%+29.6%-13.1%
OCGN leads this category, winning 3 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 YDESW's 2.23 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. VXRT currently trades 82.1% from its 52-week high vs YDESW's 17.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricYDESW logoYDESWYD Bio Limited Wa…BNTX logoBNTXBioNTech SENVAX logoNVAXNovavax, Inc.OCGN logoOCGNOcugen, Inc.VXRT logoVXRTVaxart, Inc.
Beta (5Y)Sensitivity to S&P 5002.23x1.05x2.22x1.47x0.57x
52-Week HighHighest price in past year$2.85$124.00$11.97$2.73$0.84
52-Week LowLowest price in past year$0.32$79.52$5.87$0.64$0.26
% of 52W HighCurrent price vs 52-week peak+17.4%+75.5%+80.4%+53.9%+82.1%
RSI (14)Momentum oscillator 0–10048.241.260.438.037.5
Avg Volume (50D)Average daily shares traded10K1.2M4.2M9.4M207K
VXRT leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Analyst consensus: BNTX as "Buy", NVAX as "Buy", OCGN as "Buy", VXRT as "Buy". Consensus price targets imply 240.1% upside for OCGN (target: $5) vs 48.9% for BNTX (target: $139).

MetricYDESW logoYDESWYD Bio Limited Wa…BNTX logoBNTXBioNTech SENVAX logoNVAXNovavax, Inc.OCGN logoOCGNOcugen, Inc.VXRT logoVXRTVaxart, Inc.
Analyst RatingConsensus buy/hold/sellBuyBuyBuyBuy
Price TargetConsensus 12-month target$139.44$18.00$5.00$2.00
# AnalystsCovering analysts242353
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises11
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%+0.3%0.0%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...

YDESW vs BNTX vs NVAX vs OCGN vs VXRT: Key Questions Answered

9 questions · data-driven answers · updated daily

01

Is YDESW or BNTX or NVAX or OCGN or VXRT a better buy right now?

For growth investors, Vaxart, Inc.

(VXRT) is the stronger pick with 726. 7% revenue growth year-over-year, versus 0. 2% for BioNTech SE (BNTX). Novavax, Inc. (NVAX) offers the better valuation at 3. 8x trailing P/E, making it the more compelling value choice. Analysts rate BioNTech SE (BNTX) a "Buy" — based on 24 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 — YDESW or BNTX or NVAX or OCGN or VXRT?

On trailing P/E, Novavax, Inc.

(NVAX) is the cheapest at 3. 8x versus Vaxart, Inc. at 9. 9x.

03

Which is the better long-term investment — YDESW or BNTX or NVAX or OCGN or VXRT?

Over the past 5 years, YD Bio Limited Warrants (YDESW) delivered a total return of -9.

2%, compared to -92. 5% for Novavax, Inc. (NVAX). Over 10 years, the gap is even starker: BNTX returned +572. 5% versus OCGN's -98. 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 — YDESW or BNTX or NVAX or OCGN or VXRT?

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

(VXRT) is the lower-risk stock at 0. 57β versus YD Bio Limited Warrants's 2. 23β — meaning YDESW is approximately 291% more volatile than VXRT relative to the S&P 500. On balance sheet safety, YD Bio Limited Warrants (YDESW) carries a lower debt/equity ratio of 0% versus 10% for Vaxart, Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — YDESW or BNTX or NVAX or OCGN or VXRT?

By revenue growth (latest reported year), Vaxart, Inc.

(VXRT) is pulling ahead at 726. 7% versus 0. 2% for BioNTech SE (BNTX). On earnings-per-share growth, the picture is similar: Novavax, Inc. grew EPS 306. 5% year-over-year, compared to -62. 8% for BioNTech SE. 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.

06

Which has better profit margins — YDESW or BNTX or NVAX or OCGN or VXRT?

Novavax, Inc.

(NVAX) is the more profitable company, earning 39. 2% net margin versus -1537. 4% for Ocugen, Inc. — meaning it keeps 39. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NVAX leads at 50. 1% 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.

07

Which pays a better dividend — YDESW or BNTX or NVAX or OCGN or VXRT?

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.

08

Is YDESW or BNTX or NVAX or OCGN or VXRT better for a retirement portfolio?

For long-horizon retirement investors, BioNTech SE (BNTX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.

05), +572. 5% 10Y return). Novavax, Inc. (NVAX) carries a higher beta of 2. 22 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (BNTX: +572. 5%, NVAX: -88. 9%), 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.

09

What are the main differences between YDESW and BNTX and NVAX and OCGN and VXRT?

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: YDESW is a small-cap high-growth stock; BNTX is a mid-cap quality compounder stock; NVAX is a small-cap high-growth stock; OCGN is a small-cap quality compounder stock; VXRT is a small-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.

Find Stocks Like These

Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform all of them.

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YDESW

High-Growth Disruptor

  • Sector: Healthcare
  • Revenue Growth > 22%
  • Gross Margin > 18%
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BNTX

Quality Business

  • Sector: Healthcare
  • Market Cap > $100B
  • Gross Margin > 46%
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NVAX

Quality Business

  • Sector: Healthcare
  • Market Cap > $100B
  • Gross Margin > 50%
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OCGN

Quality Business

  • Sector: Healthcare
  • Market Cap > $100B
  • Gross Margin > 60%
Run This Screen
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VXRT

High-Growth Compounder

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 43%
  • Net Margin > 8%
Run This Screen
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Beat Both

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Revenue Growth>
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(YDESW: 45.8% · BNTX: -24.5%)

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