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Immatics N.V. (IMTX) 10-Year Financial Performance & Capital Metrics

IMTX • • Industrial / General
HealthcareBiotechnologyOncology TherapeuticsImmuno-Oncology
AboutImmatics N.V., a clinical-stage biopharmaceutical company, focuses on the discovery and development of T cell receptor (TCR) based immunotherapies for the treatment of cancer in the United States. The company is developing targeted immunotherapies with a focus on treating solid tumors through two distinct treatment modalities, such as adoptive cell therapies (ACT) and antibody-like TCR Bispecifics. Its ACTengine product candidates are in Phase I clinical trials, which include IMA201 that targets melanoma-associated antigen 4 or 8 in patients with solid tumors; IMA202 that targets melanoma-associated antigen 1 in patients with various solid tumors, including squamous non-small cell lung carcinoma and hepatocellular carcinoma; and IMA203 that targets preferentially expressed antigen in melanoma in adult patients with relapsed and/or refractory solid tumors, as well as IMA204, which is in preclinical studies that targets tumor stroma cell. The company's TCR Bispecifics product candidates, which are in preclinical studies include IMA401, a cancer testis antigen for the treatment of solid tumors; and IMA402 for the treatment of solid tumors. It also develops IMA101 for the treatment of cancer; and IMA301, an allogenic cellular therapy product candidate. The company has a strategic collaboration agreement with GlaxoSmithKline Intellectual Property Development Limited to develop novel adoptive cell therapies targeting multiple cancer indications; MD Anderson Cancer Center to develop multiple T cell and TCR-based adoptive cellular therapies; Celgene Switzerland LLC to develop novel adoptive cell therapies targeting multiple cancers; and Genmab A/S to develop T cell engaging bispecific immunotherapies targeting multiple cancer indications. Immatics N.V. is headquartered in Tübingen, Germany.Show more
  • Revenue $156M +188.6%
  • EBITDA -$26M +72.1%
  • Net Income $15M +115.7%
  • EPS (Diluted) 0.14 +111.7%
  • Gross Margin 100% +183.5%
  • EBITDA Margin -16.93% +90.3%
  • Operating Margin -24.78% +86.8%
  • Net Margin 9.77% +105.4%
  • ROE 3.8% +108.6%
  • ROIC -15.39% +89.8%
  • Debt/Equity 0.03 -58.8%
  • Interest Coverage -43.58 +64.4%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Momentum leader: RS Rating 86 (top 14%)
  • ✓Strong 5Y sales CAGR of 53.2%

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Shares diluted 32.6% in last year
  • ✗Low asset turnover indicates capital-intensive operations

* 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

10Y-
5Y53.23%
3Y64.89%
TTM-26.73%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-107.63%

EPS CAGR

10Y-
5Y-
3Y-
TTM-40.07%

ROCE

10Y Avg-43.76%
5Y Avg-28.03%
3Y Avg-7.74%
Latest-7.87%

Peer Comparison

Immuno-Oncology
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
IMTXImmatics N.V.1.26B9.3867188.6%-136.72%-27.81%0.03
CTMXCytomX Therapeutics, Inc.692.99M4.0910.7636.45%24.66%26.09%
IOVAIovance Biotherapeutics, Inc.932.87M2.35-1.84136.99%-158.78%-56.62%0.08
REPLReplimune Group, Inc.630.68M8.04-2.62-117.82%0.18
IMNMImmunome, Inc.2.22B20.14-4.03-35.5%-23.01%-84.4%0.03
NKTRNektar Therapeutics744.1M36.58-4.219.22%-192.87%-141.9%1.69
IBRXImmunityBio, Inc.2.78B2.82-4.5522.71%-422.28%
CRVSCorvus Pharmaceuticals, Inc.485.43M6.50-6.37-21.01%0.03

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+3.77M18.45M31.25M34.76M172.83M54M155.84M
Revenue Growth %-3.89%0.69%0.11%3.97%-0.69%1.89%
Cost of Goods Sold+33.97M40.09M67.08M87.57M106.78M118.66M0
COGS % of Revenue9.01%2.17%2.15%2.52%0.62%2.2%-
Gross Profit+-30.2M-21.64M-35.83M-52.81M66.05M-64.67M155.84M
Gross Margin %-8.01%-1.17%-1.15%-1.52%0.38%-1.2%1%
Gross Profit Growth %-0.28%-0.66%-0.47%2.25%-1.98%3.41%
Operating Expenses+38.18M51.46M100.97M121.05M142.88M155.72M194.45M
OpEx % of Revenue10.13%2.79%3.23%3.48%0.83%2.88%1.25%
Selling, General & Admin7.67M11.76M34.19M33.81M36.12M38.2M46.45M
SG&A % of Revenue2.03%0.64%1.09%0.97%0.21%0.71%0.3%
Research & Development33.97M40.09M67.08M87.57M106.78M118.66M148.08M
R&D % of Revenue9.01%2.17%2.15%2.52%0.62%2.2%0.95%
Other Operating Expenses-3.46M-385K-303K-332K-26K-1.14M-78K
Operating Income+-34.41M-33.01M-69.72M-86.29M29.95M-101.72M-38.62M
Operating Margin %-9.13%-1.79%-2.23%-2.48%0.17%-1.88%-0.25%
Operating Income Growth %-0.04%-1.11%-0.24%1.35%-4.4%0.62%
EBITDA+-32.16M-29.17M-65.59M-80.82M36.8M-94.49M-26.39M
EBITDA Margin %-8.53%-1.58%-2.1%-2.33%0.21%-1.75%-0.17%
EBITDA Growth %-0.09%-1.25%-0.23%1.46%-3.57%0.72%
D&A (Non-Cash Add-back)2.25M3.85M4.12M5.47M6.84M7.23M12.22M
EBIT-32.34M-32.32M-211.55M-92.77M43.07M-96.16M22.23M
Net Interest Income+491K620K561K-433K1.44M13.01M24.11M
Interest Income507K790K850K133K2.48M13.85M25M
Interest Expense16K170K289K566K1.04M831K886K
Other Income/Expense2.05M526K-142.13M-7.04M12.08M4.73M59.96M
Pretax Income+-32.35M-32.49M-229.62M-93.33M42.04M-96.99M21.35M
Pretax Margin %-8.58%-1.76%-7.35%-2.68%0.24%-1.8%0.14%
Income Tax+00-268K04.55M06.13M
Effective Tax Rate %0.97%0.98%1%1.02%0.89%1%0.71%
Net Income+-31.44M-31.74M-229.35M-95.06M37.51M-96.99M15.22M
Net Margin %-8.34%-1.72%-7.34%-2.73%0.22%-1.8%0.1%
Net Income Growth %--0.01%-6.23%0.59%1.39%-3.59%1.16%
Net Income (Continuing)-32.35M-32.49M-211.84M-93.33M37.51M-96.99M15.22M
Discontinued Operations0000000
Minority Interest1.24M1.02M00000
EPS (Diluted)+-0.50-0.50-4.78-1.510.54-1.200.14
EPS Growth %-0%-8.56%0.68%1.36%-3.22%1.12%
EPS (Basic)-0.50-0.50-4.78-1.510.55-1.200.14
Diluted Shares Outstanding62.91M62.91M48M62.91M68.82M80.55M106.8M
Basic Shares Outstanding62.91M62.91M48M62.91M67.22M80.55M108.7M
Dividend Payout Ratio-------

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+55.29M124M238.99M152.21M377.15M449.37M629.55M
Cash & Short-Term Investments52.47M119.38M231.98M145.12M362.2M425.89M604.45M
Cash Only39.37M103.35M207.53M132.99M148.52M218.47M236.75M
Short-Term Investments13.1M16.02M24.45M12.12M213.69M207.42M367.7M
Accounts Receivable1.82M2.72M2.92M2.36M1.11M5.74M6.75M
Days Sales Outstanding176.0153.8734.1424.772.3538.7815.8
Inventory01.24M3.3M0000
Days Inventory Outstanding-11.2517.97----
Other Current Assets1M665K1.7M950K13.84M7.12M6.31M
Total Non-Current Assets+6.03M10.28M15.65M22.44M30.67M60.59M66.59M
Property, Plant & Equipment4.01M8.01M14.02M20.49M26.49M57.05M63.71M
Fixed Asset Turnover0.94x2.30x2.23x1.70x6.52x0.95x2.45x
Goodwill0000000
Intangible Assets1.04M1.01M913K1.31M1.63M1.52M1.63M
Long-Term Investments0000000
Other Non-Current Assets984K1.26M726K636K2.54M2.02M1.25M
Total Assets+61.32M134.28M254.65M174.65M407.82M509.96M696.15M
Asset Turnover0.06x0.14x0.12x0.20x0.42x0.11x0.22x
Asset Growth %-1.19%0.9%-0.31%1.34%0.25%0.37%
Total Current Liabilities+26.84M69.3M60.61M95.15M106.45M156.55M67.99M
Accounts Payable4.8M4.87M2.55M3.01M4.03M7.67M10.11M
Days Payables Outstanding51.644.313.912.5413.7623.58-
Short-Term Debt0000000
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities888K65K212K28.04M17.88M20.48M4.77M
Current Ratio2.06x1.79x3.94x1.60x3.54x2.87x9.26x
Quick Ratio2.06x1.77x3.89x1.60x3.54x2.87x9.26x
Cash Conversion Cycle-20.8238.21----
Total Non-Current Liabilities+43.65M105.82M89.78M55.44M88.2M128.33M53.32M
Long-Term Debt0000000
Capital Lease Obligations01.82M4.31M7.14M12.4M12.8M13.35M
Deferred Tax Liabilities00-4.31M0005.8M
Other Non-Current Liabilities220K103.99M048.29M42K115.53M0
Total Liabilities70.49M175.11M150.39M150.58M194.66M284.88M121.3M
Total Debt+03.23M6.19M9.85M14.56M15.4M16.2M
Net Debt-39.37M-100.12M-201.34M-123.14M-133.96M-203.07M-220.54M
Debt / Equity--0.06x0.41x0.07x0.07x0.03x
Debt / EBITDA----0.40x--
Net Debt / EBITDA-----3.64x--
Interest Coverage-2150.56x-194.19x-241.23x-152.46x28.86x-122.41x-43.58x
Total Equity+-9.17M-40.84M104.26M24.06M213.16M225.08M574.84M
Equity Growth %--3.45%3.55%-0.77%7.86%0.06%1.55%
Book Value per Share-0.15-0.652.170.383.102.795.38
Total Shareholders' Equity-10.41M-41.85M104.26M24.06M213.16M225.08M574.84M
Common Stock1.16M1.16M629K629K767K847K1.22M
Retained Earnings-201.62M-233.19M-462.25M-537.81M-500.3M-597.29M-589.54M
Treasury Stock0000000
Accumulated OCI-741K-770K-7.46M-3.94M-1.48M-1.64M1.03M
Minority Interest1.24M1.02M00000

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+20.68M70.97M-85.61M-81.78M100.13M18.23M-158.03M
Operating CF Margin %5.49%3.85%-2.74%-2.35%0.58%0.34%-1.01%
Operating CF Growth %-2.43%-2.21%0.04%2.22%-0.82%-9.67%
Net Income-32.35M-32.49M-229.62M-93.33M37.51M-94.65M15.22M
Depreciation & Amortization2.18M3.86M4.42M5.26M6.97M7.23M12.22M
Stock-Based Compensation1.48M852K22.95M26.4M22.57M20.7M17.64M
Deferred Taxes491K623K-3.96M11.15M4.52M06.13M
Other Non-Cash Items-271K1.24M145.87M433K-8.7M3.31M-45.37M
Working Capital Changes49.16M96.88M-25.28M-31.7M37.26M81.63M-163.88M
Change in Receivables-175K-563K-294K569K-429K-2.98M-1.76M
Change in Inventory00000-84.24M0
Change in Payables43.73M98.94M-23.39M-31.78M45.56M84.24M0
Cash from Investing+-13.51M-5.06M-15.95M7.49M-209.79M-31.39M-152.39M
Capital Expenditures-507K-2.23M-7.52M-5.66M-6.21M-30.8M-16.27M
CapEx % of Revenue0.13%0.12%0.24%0.16%0.04%0.57%0.1%
Acquisitions-------
Investments-------
Other Investing94K6K-104K-551K199.96M-8K-206K
Cash from Financing+23.65M-1.86M207.88M-2.61M123.71M84.52M319.68M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing00-7.94M0-7.93M-2.04M-21.31M
Net Change in Cash-------
Free Cash Flow+20.18M68.73M-93.13M-87.44M93.92M-12.73M-174.51M
FCF Margin %5.35%3.73%-2.98%-2.52%0.54%-0.24%-1.12%
FCF Growth %-2.41%-2.36%0.06%2.07%-1.14%-12.71%
FCF per Share0.321.09-1.94-1.391.36-0.16-1.63
FCF Conversion (FCF/Net Income)-0.66x-2.24x0.37x0.86x2.67x-0.19x-10.38x
Interest Paid0000000
Taxes Paid0000000

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)---723.26%-148.16%31.63%-44.26%3.8%
Return on Invested Capital (ROIC)----28.36%-150.75%-15.39%
Gross Margin-801.09%-117.31%-114.65%-151.92%38.22%-119.76%100%
Net Margin-834.06%-172.05%-733.84%-273.45%21.71%-179.63%9.77%
Debt / Equity--0.06x0.41x0.07x0.07x0.03x
Interest Coverage-2150.56x-194.19x-241.23x-152.46x28.86x-122.41x-43.58x
FCF Conversion-0.66x-2.24x0.37x0.86x2.67x-0.19x-10.38x
Revenue Growth-389.36%69.4%11.23%397.17%-68.76%188.6%

Frequently Asked Questions

Valuation & Price

Immatics N.V. (IMTX) has a price-to-earnings (P/E) ratio of 67.0x. This suggests investors expect higher future growth.

Growth & Financials

Immatics N.V. (IMTX) reported $84.8M in revenue for fiscal year 2024. This represents a 2148% increase from $3.8M in 2018.

Immatics N.V. (IMTX) grew revenue by 188.6% over the past year. This is strong growth.

Immatics N.V. (IMTX) reported a net loss of $115.9M for fiscal year 2024.

Dividend & Returns

Immatics N.V. (IMTX) has a return on equity (ROE) of 3.8%. This is below average, suggesting room for improvement.

Immatics N.V. (IMTX) had negative free cash flow of $183.9M in fiscal year 2024, likely due to heavy capital investments.

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