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CareDx, Inc (CDNA) 10-Year Financial Performance & Capital Metrics

CDNA • • Industrial / General
HealthcareDiagnostics & ResearchMolecular Diagnostics & Genetic TestingSpecialized Testing Laboratories
AboutCareDx, Inc. discovers, develops, and commercializes diagnostic solutions for transplant patients and caregivers worldwide. It provides AlloSure Kidney, a donor-derived cell-free DNA (dd-cfDNA) solution for kidney transplant patients; AlloMap Heart, a gene expression solution for heart transplant patients; AlloSure Heart, a dd-cfDNA solution for heart transplant patients; and AlloSure Lung, a dd-cfDNA solution for lung transplant patients. The company also offers TruSight HLA, a next generation sequencing (NGS) based high resolution typing solution; Olerup SSP, which is used to type human leukocyte antigen (HLA) alleles based on sequence specific primer technology; QTYPE that enables precision in HLA typing; and Ottr, a transplant patient management software. In addition, it provides AlloSeq Tx, a high-resolution HLA typing solution; AlloSeq cfDNA, a surveillance solution to measure dd-cfDNA in blood; AlloSeq HCT, a solution for chimerism testing for stem cell transplant recipients; and XynQAPI transplant quality tracking and waitlist management solutions, as well as AlloCare, a mobile app that offers a patient-centric resource for transplant recipients. The company offers its products directly to customers, as well as through third-party distributors and sub-distributors. It has a license agreement with Illumina, Inc. for the distribution, development, and commercialization of NGS products and technologies; and Cibiltech SAS to commercialize iBox, a software for the predictive analysis of post-transplantation kidney allograft loss. The company was formerly known as XDx, Inc. and changed its name to CareDx, Inc. in March 2014. The company was incorporated in 1998 and is headquartered in South San Francisco, California.Show more
  • Revenue $334M +19.1%
  • EBITDA $61M +133.0%
  • Net Income $53M +127.6%
  • EPS (Diluted) 0.93 +126.3%
  • Gross Margin 67.16% +5.6%
  • EBITDA Margin 18.13% +127.7%
  • Operating Margin 12.21% +116.8%
  • Net Margin 15.74% +123.2%
  • ROE 16.43% +129.9%
  • ROIC 12.1% +123.5%
  • Debt/Equity 0.07 -42.8%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Momentum leader: RS Rating 80 (top 20%)
  • ✓Strong 5Y sales CAGR of 21.3%

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y28.45%
5Y21.31%
3Y4.04%
TTM14.46%

Profit (Net Income) CAGR

10Y52.33%
5Y-
3Y-
TTM141.4%

EPS CAGR

10Y24.98%
5Y-
3Y-
TTM141.75%

ROCE

10Y Avg-28.35%
5Y Avg-14.35%
3Y Avg-17.79%
Latest10.31%

Peer Comparison

Specialized Testing Laboratories
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
RDNTRadNet, Inc.5.64B72.991951.6013.18%-0.65%-0.97%0.8%1.53
IDXXIDEXX Laboratories, Inc.56.86B712.1266.746.46%24.65%65.81%1.4%0.62
CDNACareDx, Inc1.06B20.5722.1219.07%16.97%19.53%2.98%0.07
TRIBTrinity Biotech plc13.23M0.71-0.408.31%-73.78%
NEOGNeogen Corporation2.06B9.46-1.88-3.2%-68.47%-28.64%0.44
STRRStar Equity Holdings, Inc.38.07M10.96-2.76-66.93%-5.36%-8.98%0.03
BGLCBioNexus Gene Lab Corp.8.72M3.69-4.10-2.66%-24.27%-33.7%0.03
NEONeoGenomics, Inc.1.66B12.83-4.1411.65%-16%-13.54%0.67

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+28.14M40.63M48.32M76.57M127.07M192.19M296.4M321.79M280.32M333.79M
Revenue Growth %0.03%0.44%0.19%0.58%0.66%0.51%0.54%0.09%-0.13%0.19%
Cost of Goods Sold+10.27M21.12M21.37M32.99M45.45M63.12M97.39M112.21M102M109.63M
COGS % of Revenue0.37%0.52%0.44%0.43%0.36%0.33%0.33%0.35%0.36%0.33%
Gross Profit+17.87M19.51M26.95M43.58M81.61M129.08M199.01M209.58M178.32M224.16M
Gross Margin %0.63%0.48%0.56%0.57%0.64%0.67%0.67%0.65%0.64%0.67%
Gross Profit Growth %-0.05%0.09%0.38%0.62%0.87%0.58%0.54%0.05%-0.15%0.26%
Operating Expenses+29.93M44.28M44.11M58.14M106.14M151.6M228.73M286.81M381.69M183.39M
OpEx % of Revenue1.06%1.09%0.91%0.76%0.84%0.79%0.77%0.89%1.36%0.55%
Selling, General & Admin20.6M31.89M31.72M43.63M75.43M102.66M152.21M196.42M201.2M205.5M
SG&A % of Revenue0.73%0.78%0.66%0.57%0.59%0.53%0.51%0.61%0.72%0.62%
Research & Development9.33M12.38M12.39M14.51M30.71M48.94M76.53M90.39M81.87M72.41M
R&D % of Revenue0.33%0.3%0.26%0.19%0.24%0.25%0.26%0.28%0.29%0.22%
Other Operating Expenses-188K00-178K000098.62M-94.52M
Operating Income+-11.93M-37.33M-20.29M-15.58M-24.53M-22.53M-29.73M-77.23M-203.36M40.77M
Operating Margin %-0.42%-0.92%-0.42%-0.2%-0.19%-0.12%-0.1%-0.24%-0.73%0.12%
Operating Income Growth %-10.55%-2.13%0.46%0.23%-0.57%0.08%-0.32%-1.6%-1.63%1.2%
EBITDA+-11.14M-34.41M-16.54M-11.36M-17.39M-12.98M-17.84M-61.22M-183.54M60.52M
EBITDA Margin %-0.4%-0.85%-0.34%-0.15%-0.14%-0.07%-0.06%-0.19%-0.65%0.18%
EBITDA Growth %-7.32%-2.09%0.52%0.31%-0.53%0.25%-0.37%-2.43%-2%1.33%
D&A (Non-Cash Add-back)796K2.92M3.76M4.21M7.14M9.54M11.88M16.01M19.82M19.76M
EBIT-12.06M-24.77M-18.34M-15.58M-24.53M-17.71M-29.73M-77.23M-104.74M-53.75M
Net Interest Income+-1.59M-1.86M-5.86M-3.7M985K271K160K3.76M11.87M11.77M
Interest Income0000985K271K160K3.76M11.87M11.77M
Interest Expense1.59M1.86M5.86M3.7M000000
Other Income/Expense-1.77M-4.03M-36.98M-32.64M585K2.78M-2.36M997K13.22M12.09M
Pretax Income+-13.71M-41.36M-57.27M-48.22M-23.95M-19.75M-32.09M-76.23M-190.14M52.86M
Pretax Margin %-0.49%-1.02%-1.19%-0.63%-0.19%-0.1%-0.11%-0.24%-0.68%0.16%
Income Tax+0-1.61M-1.71M-1.43M-1.98M-1.04M-1.43M379K141K310K
Effective Tax Rate %1%0.95%0.97%0.97%0.92%0.95%0.96%1%1%0.99%
Net Income+-13.71M-39.47M-55.47M-46.76M-21.97M-18.71M-30.66M-76.61M-190.28M52.55M
Net Margin %-0.49%-0.97%-1.15%-0.61%-0.17%-0.1%-0.1%-0.24%-0.68%0.16%
Net Income Growth %-18.55%-1.88%-0.41%0.16%0.53%0.15%-0.64%-1.5%-1.48%1.28%
Net Income (Continuing)-13.71M-39.76M-55.56M-46.78M-21.97M-18.71M-30.66M-76.61M-190.28M52.55M
Discontinued Operations0000000000
Minority Interest0279K180K0000000
EPS (Diluted)+-1.16-2.39-2.38-1.31-0.52-0.40-0.59-1.44-3.540.93
EPS Growth %-12.6%-1.06%0%0.45%0.6%0.23%-0.47%-1.44%-1.46%1.26%
EPS (Basic)-1.16-2.39-2.38-1.31-0.52-0.40-0.59-1.44-3.541.00
Diluted Shares Outstanding11.86M16.5M23.33M35.64M42.15M46.48M52.24M53.32M53.76M56.62M
Basic Shares Outstanding11.82M16.5M23.31M35.64M42.15M46.48M52.24M53.32M53.76M52.77M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+34.36M26.67M26.77M81.11M71.92M273.1M433.36M387.85M313.71M351.83M
Cash & Short-Term Investments29.89M17.26M16.89M64.62M38.22M224.7M348.49M293.09M235.42M260.65M
Cash Only29.89M17.26M16.89M64.62M38.22M134.67M348.49M89.92M82.2M114.69M
Short-Term Investments0000090.03M0203.17M153.22M145.96M
Accounts Receivable2.37M2.77M2.99M9.76M24.06M34.62M59.76M66.31M51.06M64.61M
Days Sales Outstanding30.724.8722.5946.5369.165.7673.5975.2266.4870.65
Inventory766K5.46M5.53M4.94M6.01M10.01M17.19M19.23M19.47M19.5M
Days Inventory Outstanding27.2294.3794.4354.6948.2957.964.4162.5669.6864.93
Other Current Assets1.34M1.19M1.35M1.79M0009.22M7.76M7.07M
Total Non-Current Assets+21.28M50.06M56.8M49.58M79.81M95.41M133.26M155.14M153.11M139.22M
Property, Plant & Equipment2.42M2.93M2.08M4.13M9.16M25.93M40.04M70.22M65.14M57.89M
Fixed Asset Turnover11.61x13.86x23.29x18.52x13.87x7.41x7.40x4.58x4.30x5.77x
Goodwill12.01M13.84M12.01M12.01M23.86M23.86M36.98M37.52M40.34M40.34M
Intangible Assets6.65M33.12M33.14M33.25M45.54M44.35M50.2M43.05M45.7M38.18M
Long-Term Investments147K143K9.58M192K000000
Other Non-Current Assets196K-2.92M-2.64M-3.49M1.26M1.27M6.05M4.35M1.94M2.81M
Total Assets+55.64M76.73M83.56M130.7M151.74M368.51M566.62M542.99M466.83M491.05M
Asset Turnover0.51x0.53x0.58x0.59x0.84x0.52x0.52x0.59x0.60x0.68x
Asset Growth %-0.09%0.38%0.09%0.56%0.16%1.43%0.54%-0.04%-0.14%0.05%
Total Current Liabilities+10.15M40.83M42.91M19.5M34.83M69.22M77.3M75.97M78.07M89.37M
Accounts Payable1.64M3.06M3.39M4.71M5.51M9.65M13.34M9.94M12.87M7.69M
Days Payables Outstanding58.4152.9657.9252.1344.2155.8249.9932.3446.0625.59
Short-Term Debt2.87M22.85M15.72M0000000
Deferred Revenue (Current)142K42K39K39K1000K1000K1000K1000K1000K1000K
Other Current Liabilities2.9M5.82M18.77M9.16M15.39M21.2M32.77M21.3M26.24M41.12M
Current Ratio3.38x0.65x0.62x4.16x2.07x3.95x5.61x5.10x4.02x3.94x
Quick Ratio3.31x0.52x0.49x3.91x1.89x3.80x5.38x4.85x3.77x3.72x
Cash Conversion Cycle-0.566.2759.1149.0973.1867.8388.02105.4390.1109.99
Total Non-Current Liabilities+15.99M16.14M46.61M15.27M17.91M21.61M23.44M36.1M127.43M23.25M
Long-Term Debt12.89M1.1M18.34M0000000
Capital Lease Obligations00002.37M16.07M17.39M33.41M28.28M22.26M
Deferred Tax Liabilities1.43M6.06M4.93M2.97M1.97M1.3M415K0136K164K
Other Non-Current Liabilities2.4M8.22M22.61M11.61M13.56M4.25M5.63M2.7M99.01M819K
Total Liabilities26.14M56.97M89.52M34.77M52.74M90.83M100.75M112.08M205.5M112.62M
Total Debt+15.75M23.94M34.06M172K5.39M18.1M21.35M39M34.22M28.37M
Net Debt-14.13M6.69M17.16M-64.44M-32.84M-116.57M-327.13M-50.92M-47.98M-86.32M
Debt / Equity0.53x1.21x-0.00x0.05x0.07x0.05x0.09x0.13x0.07x
Debt / EBITDA---------0.47x
Net Debt / EBITDA----------1.43x
Interest Coverage-7.52x-20.07x-3.46x-4.21x------
Total Equity+29.49M19.76M-5.95M95.93M99M277.68M465.88M430.91M261.33M378.43M
Equity Growth %-0.29%-0.33%-1.3%17.11%0.03%1.8%0.68%-0.08%-0.39%0.45%
Book Value per Share2.491.20-0.262.692.355.978.928.084.866.68
Total Shareholders' Equity29.49M19.48M-6.13M95.93M99M277.68M465.88M430.91M261.33M378.43M
Common Stock12K21K29K41K42K49K52K52K49K51K
Retained Earnings-173.08M-212.55M-268.02M-311.85M-333.81M-352.53M-383.19M-460.44M-678.27M-626.24M
Treasury Stock0000000000
Accumulated OCI-11.87M-3.66M-2.35M-4.28M-5.21M-2.1M-4.67M-7.5M-6.96M-8.57M
Minority Interest0279K180K0000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-9.75M-16.52M-14.31M-4.01M-2.77M33.43M-19.29M-25.24M-18.39M38.05M
Operating CF Margin %-0.35%-0.41%-0.3%-0.05%-0.02%0.17%-0.07%-0.08%-0.07%0.11%
Operating CF Growth %-1.91%-0.69%0.13%0.72%0.31%13.07%-1.58%-0.31%0.27%3.07%
Net Income-13.71M-39.76M-55.56M-46.78M-21.97M-18.71M-30.66M-76.61M-190.28M52.55M
Depreciation & Amortization796K2.92M3.76M4.21M7.14M9.54M11.88M16.01M19.82M19.76M
Stock-Based Compensation1.34M2M1.74M7.14M22.42M23.4M36.08M46.55M49.09M66.41M
Deferred Taxes-2K-1.34M-2.09M-1.61M0000566K-187K
Other Non-Cash Items-9K18.18M38.97M33.9M51K1.8M4.37M3.03M-3.61M1.83M
Working Capital Changes1.83M1.47M-1.13M-871K-10.41M17.4M-40.97M-14.22M106.03M-102.31M
Change in Receivables320K1.05M-109K-3.97M-12.68M-10.4M-24.42M-6.66M16.02M-13.74M
Change in Inventory-80K492K1.02M363K-1.27M-3.2M-6.93M-2.86M54K-1.02M
Change in Payables489K-620K292K-168K1.35M4.39M1.79M-2.05M2.9M-5.11M
Cash from Investing+-1.2M-21.12M-6.16M-7.93M-22.58M-100.39M47.71M-228.5M40.45M-483K
Capital Expenditures-1.2M-549K-186K-7.24M-3.35M-10.36M-20.26M-24.33M-9.24M0
CapEx % of Revenue0.04%0.01%0%0.09%0.03%0.05%0.07%0.08%0.03%0.02%
Acquisitions----------
Investments----------
Other Investing0-20.57M-59K-5.2M00001.5M-7.12M
Cash from Financing+4.41M24.93M29.38M50.27M-132K163.15M185.64M-4.54M-29.61M-5.61M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing46K323K19.67M65.45M40K5.2M-3.15M-3.89M-2.06M-5.08M
Net Change in Cash----------
Free Cash Flow+-10.95M-17.07M-14.49M-11.24M-6.12M23.07M-39.55M-49.57M-27.63M31.56M
FCF Margin %-0.39%-0.42%-0.3%-0.15%-0.05%0.12%-0.13%-0.15%-0.1%0.09%
FCF Growth %-1.68%-0.56%0.15%0.22%0.46%4.77%-2.71%-0.25%0.44%2.14%
FCF per Share-0.92-1.03-0.62-0.32-0.150.50-0.76-0.93-0.510.56
FCF Conversion (FCF/Net Income)0.71x0.42x0.26x0.09x0.13x-1.79x0.63x0.33x0.10x0.72x
Interest Paid000022K10K1K8K00
Taxes Paid0000080K14K392K738K317K

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-38.72%-160.26%-803.49%-103.93%-22.54%-9.94%-8.25%-17.09%-54.98%16.43%
Return on Invested Capital (ROIC)-56.57%-133.95%-80.84%-54.73%-37.68%-14.87%-14.87%-22.33%-51.41%12.1%
Gross Margin63.5%48.02%55.78%56.92%64.23%67.16%67.14%65.13%63.61%67.16%
Net Margin-48.7%-97.14%-114.79%-61.06%-17.29%-9.74%-10.34%-23.81%-67.88%15.74%
Debt / Equity0.53x1.21x-0.00x0.05x0.07x0.05x0.09x0.13x0.07x
Interest Coverage-7.52x-20.07x-3.46x-4.21x------
FCF Conversion0.71x0.42x0.26x0.09x0.13x-1.79x0.63x0.33x0.10x0.72x
Revenue Growth3.07%44.37%18.93%58.45%65.95%51.25%54.22%8.57%-12.89%19.07%

Revenue by Segment

20162017201820192020202120222024
Service-------249.38M
Service Growth--------
Product-------40.78M
Product Growth--------
Digital And Other----9.28M---
Digital And Other Growth--------
Royalty--300K-----
Royalty Growth--------
Post Transplant-33.69M------
Post Transplant Growth--------
Pre Transplant-14.63M------
Pre Transplant Growth--------
Care Dx29.92M-------
Care Dx Growth--------
Olerup10.71M-------
Olerup Growth--------

Revenue by Geography

20162017201820192020202120222024
UNITED STATES--66.06M104.06M163.22M258.41M262.96M317.73M
UNITED STATES Growth---57.51%56.86%58.32%1.76%20.83%
Europe-7.98M7.6M7.69M7.47M9.74M9.08M10.67M
Europe Growth---4.74%1.16%-2.80%30.30%-6.77%17.49%
Rest Of The World-1.73M2.9M494K389K873K789K5.38M
Rest Of The World Growth--67.96%-82.99%-21.26%124.42%-9.62%582.38%
North America33.22M38.2M------
North America Growth-15.02%------
AUSTRALIA-411K------
AUSTRALIA Growth--------
E M E A6.99M-------
E M E A Growth--------
Latin America424K-------
Latin America Growth--------

Frequently Asked Questions

Valuation & Price

CareDx, Inc (CDNA) has a price-to-earnings (P/E) ratio of 22.1x. This is roughly in line with market averages.

Growth & Financials

CareDx, Inc (CDNA) reported $358.0M in revenue for fiscal year 2024. This represents a 1651% increase from $20.5M in 2012.

CareDx, Inc (CDNA) grew revenue by 19.1% over the past year. This is strong growth.

Yes, CareDx, Inc (CDNA) is profitable, generating $60.8M in net income for fiscal year 2024 (15.7% net margin).

Dividend & Returns

CareDx, Inc (CDNA) has a return on equity (ROE) of 16.4%. This is reasonable for most industries.

CareDx, Inc (CDNA) generated $37.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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