← Back to Screener
ScreenerNewsCompareWatchlist
VCP ScannerFree US Stock Screener & Financial AnalysisFree US Stock Screener
ScreenerThemesNewsCompareWatchlist
AnalyzeValuationTotal ReturnDCA CalculatorInsider Activity

CVAC logoCureVac N.V.(CVAC)Earnings, Financials & Key Ratios

CVAC•NASDAQ
$4.66
$1.05B mkt cap·6.5× P/E·Price updated Apr 24, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryVaccines and Infectious Disease
AboutCureVac N.V., a clinical-stage biopharmaceutical company, focuses on developing various transformative medicines based on messenger ribonucleic acid (mRNA). It is developing prophylactic vaccines, such as mRNA-based vaccine candidates CV2CoV, which is in Phase 1 clinical trial against SARS-CoV-2; CV7202, a prophylactic mRNA-based vaccine, which has completed Phase 1 clinical trial for rabies virus glycoprotein; and CVSQIV, which is in Phase 1 clinical trial against influenza, as well as vaccine for lassa fever, yellow fever, respiratiory syncytial virus, rotavirus, malaria, and universal influenza. The company also develops RNA-based cancer immunotherapies, including CV8102, which is in Phase 1 clinical trial for treating cutaneous melanoma and adenoidcystic carcinoma, as well as squamous cell cancer of skin, head, and neck. The company was founded in 2000 and is headquartered in Tübingen, Germany.Show more
  • Revenue$535M+895.5%
  • EBITDA$196M+178.3%
  • Net Income$162M+162.3%
  • EPS (Diluted)0.72+161.0%
  • Gross Margin80.23%+161.1%
  • EBITDA Margin36.71%+107.9%
  • Operating Margin33.2%+106.5%
  • Net Margin30.3%+106.3%
  • ROE26.73%+153.9%
  • ROIC64.98%+137.3%
  • Debt/Equity0.06-30.9%
Technical→

CVAC Key Insights

CureVac N.V. (CVAC) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong Piotroski F-Score: 7/9
  • ✓FCF machine: 15.6% free cash flow margin
  • ✓Strong 5Y sales CAGR of 98.4%

✗Weaknesses

No significant weaknesses identified

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

CVAC Price & Volume

CureVac N.V. (CVAC) stock price & volume — 10-year historical chart

Loading chart...

CVAC Growth Metrics

CureVac N.V. (CVAC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years98.39%
3 Years73.21%
TTM682.03%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM170.11%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM170.73%

Return on Capital

10 Years-40.1%
5 Years-21.31%
3 Years-16.16%
Last Year26.67%

CVAC Recent Earnings

CureVac N.V. (CVAC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 4/12 qtrs (36%)
Q4 2025Latest
Nov 24, 2025
EPS
$0.10
Est $0.17
+41.2%
Revenue
$573M
Q3 2025
Aug 15, 2025
EPS
$0.30
Est $0.18
-66.7%
Revenue
$1M
Est $4M
-62.7%
Q2 2025
May 20, 2025
EPS
$0.24
Est $0.16
-50.0%
Revenue
$978,951
Est $5M
-79.7%
Q2 2025
Apr 10, 2025
EPS
$0.15
Est $0.22
+31.8%
Revenue
$15M
Est $7M
+122.7%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q4 2025LatestNov 24, 2025
$0.10vs $0.17+41.2%
$573M
Q3 2025Aug 15, 2025
$0.30vs $0.18-66.7%
$1Mvs $4M-62.7%
Q2 2025May 20, 2025
$0.24vs $0.16-50.0%
$978,951vs $5M-79.7%
Q2 2025Apr 10, 2025
$0.15vs $0.22+31.8%
$15Mvs $7M+122.7%
Based on last 12 quarters of dataView full earnings history →

CVAC Peer Comparison

CureVac N.V. (CVAC) competitors in Vaccines and Infectious Disease — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
MRNA logoMRNAModerna, Inc.Direct Competitor18.52B46.71-6.43-39.23%-143.55%-36.73%0.22
BNTX logoBNTXBioNTech SEDirect Competitor24B95.50-18.040.2%-39.6%-6.03%1.32%0.01
ARCT logoARCTArcturus Therapeutics Holdings Inc.Direct Competitor239.04M8.41-3.50-51.43%-88.75%-29.13%0.12
NTLA logoNTLAIntellia Therapeutics, Inc.Product Competitor1.55B13.31-3.49-100%-61.47%0.14
BEAM logoBEAMBeam Therapeutics Inc.Product Competitor2.97B28.90-35.68120.01%-57.24%-7.31%0.24
CRSP logoCRSPCRISPR Therapeutics AGProduct Competitor4.92B52.38-8.10-89.97%-13.29%-25.49%0.11
IONS logoIONSIonis Pharmaceuticals, Inc.Product Competitor12.44B75.25-31.6233.87%-30.87%-58.57%5.35
ALNY logoALNYAlnylam Pharmaceuticals, Inc.Product Competitor40.18B301.11129.2365.19%13.46%98.29%1.16%1.62

Compare CVAC vs Peers

CureVac N.V. (CVAC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MRNA

Most directly comparable listed peer for CVAC.

Scale Benchmark

vs JNJ

Larger-name benchmark to compare CVAC against a more recognizable public peer.

Peer Set

Compare Top 5

vs MRNA, BNTX, ARCT, NTLA

CVAC Income Statement

CureVac N.V. (CVAC) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Sales/Revenue12.87M17.42M48.9M102.99M67.42M53.76M535.18M510.51M
Revenue Growth %-35.31%180.78%110.61%-34.54%-20.26%895.54%682.03%
Cost of Goods Sold17.74M27.98M14.17M238.19M183.99M124.37M105.83M26.5M
COGS % of Revenue137.86%160.67%28.98%231.28%272.91%231.34%19.77%-
Gross Profit
-4.87M▲ 0%
-10.57M▼ 116.8%
34.73M▲ 428.6%
-135.21M▼ 489.3%
-116.57M▲ 13.8%
-70.61M▲ 39.4%
429.35M▲ 708.1%
484M▲ 0%
Gross Margin %-37.86%-60.67%71.02%-131.28%-172.91%-131.34%80.23%94.81%
Gross Profit Growth %--116.85%428.64%-489.34%13.78%39.43%708.08%-
Operating Expenses67.95M88.93M158.7M277.06M134.28M203.6M251.67M275.86M
OpEx % of Revenue527.94%510.62%324.54%269.01%199.17%378.73%47.03%-
Selling, General & Admin21.5M43.94M45.76M88.94M89.41M76.43M74.33M72.88M
SG&A % of Revenue167.04%252.29%93.58%86.36%132.62%142.18%13.89%-
Research & Development41.72M43.24M113.81M815.91M62.55M115.72M153.03M166.59M
R&D % of Revenue324.16%248.29%232.74%792.22%92.78%215.27%28.59%-
Other Operating Expenses4.73M1.75M-870K-627.79M-17.68M11.44M24.3M696K
Operating Income
-72.82M▲ 0%
-99.5M▼ 36.6%
-124M▼ 24.6%
-412.26M▼ 232.5%
-249.46M▲ 39.5%
-274.21M▼ 9.9%
177.68M▲ 164.8%
208.15M▲ 0%
Operating Margin %-565.8%-571.3%-253.58%-400.29%-370%-510.08%33.2%40.77%
Operating Income Growth %--36.63%-24.63%-232.46%39.49%-9.92%164.8%-
EBITDA-68.94M-94.74M-110.39M-376.38M-223.3M-250.82M196.49M225.95M
EBITDA Margin %-535.6%-543.96%-225.75%-365.46%-331.2%-466.57%36.71%44.26%
EBITDA Growth %--37.42%-16.52%-240.96%40.67%-12.33%178.34%185.02%
D&A (Non-Cash Add-back)3.89M4.76M13.61M35.88M26.16M23.39M18.81M17.8M
EBIT-70.86M-98.67M-107.75M-402.16M-245.45M-257.48M190.88M220.79M
Net Interest Income1.69M-627K-20.03M-235K302K14.24M12.36M11.4M
Interest Income1.97M833K2.07M10.1M4.01M16.73M12.36M11.8M
Interest Expense275K1.46M22.1M10.34M3.71M2.49M0403K
Other Income/Expense1.69M-627K-20.03M-235K302K14.24M13.2M12.24M
Pretax Income
-71.13M▲ 0%
-100.13M▼ 40.8%
-129.8M▼ 29.6%
-412.5M▼ 217.8%
-249.16M▲ 39.6%
-259.97M▼ 4.3%
190.88M▲ 173.4%
220.39M▲ 0%
Pretax Margin %-552.65%-574.9%-265.44%-400.52%-369.56%-483.59%35.67%43.17%
Income Tax110K-252K-726K-782K-126K198K28.7M26.75M
Effective Tax Rate %-0.15%0.25%0.56%0.19%0.05%-0.08%15.03%12.14%
Net Income
-71.24M▲ 0%
-99.87M▼ 40.2%
-129.07M▼ 29.2%
-411.72M▼ 219.0%
-249.03M▲ 39.5%
-260.17M▼ 4.5%
162.19M▲ 162.3%
193.64M▲ 0%
Net Margin %-553.5%-573.46%-263.95%-399.76%-369.37%-483.96%30.3%37.93%
Net Income Growth %--40.19%-29.24%-218.98%39.51%-4.47%162.34%170.11%
Net Income (Continuing)-71.24M-99.87M-129.12M-411.72M-249.03M-260.17M162.19M193.64M
Discontinued Operations00000000
Minority Interest00000000
EPS (Diluted)
-0.40▲ 0%
-0.53▼ 32.5%
-0.98▼ 84.9%
-2.21▼ 125.5%
-1.32▲ 40.3%
-1.18▲ 10.6%
0.72▲ 161.0%
0.86▲ 0%
EPS Growth %--32.5%-84.91%-125.51%40.27%10.61%161.02%170.73%
EPS (Basic)-0.40-0.53-0.98-2.21-1.32-1.180.72-
Diluted Shares Outstanding175.97M186.91M132.2M186.01M189.07M220.83M225.27M225.17M
Basic Shares Outstanding175.97M186.91M132.2M186.01M189.07M220.48M224.38M225.17M
Dividend Payout Ratio--------

CVAC Balance Sheet

CureVac N.V. (CVAC) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Current Assets73.07M57.17M1.39B940.02M584.03M478.38M526.41M419.78M
Cash & Short-Term Investments60.63M32.14M1.33B816.11M500.28M405.11M485.37M395.81M
Cash Only21.38M30.68M1.32B811.46M495.8M402.45M481.75M392.7M
Short-Term Investments39.25M1.46M2.62M4.65M4.49M2.66M3.62M3.11M
Accounts Receivable6.86M17.15M1.82M53.74M9M39.51M32.9M7.7M
Days Sales Outstanding194.48359.4913.6190.4548.74268.2622.4412.9
Inventory2.95M6.2M14.53M56.16M23.99M24.8M541K541K
Days Inventory Outstanding60.780.83374.2286.0647.5972.791.877.21
Other Current Assets0008.29M15.81M7.88M6.81M15.72M
Total Non-Current Assets52.59M73.44M121.5M218.22M276.44M309.87M276.41M269.1M
Property, Plant & Equipment45.49M66.78M104.79M200.39M241.7M278.63M244.65M238.41M
Fixed Asset Turnover0.28x0.26x0.47x0.51x0.28x0.19x2.19x2.12x
Goodwill000012.46M12.46M12.46M0
Intangible Assets6.21M5.7M14.15M13.24M19.32M15.88M12.69M7.7M
Long-Term Investments749K01.03M515K0-4K00
Other Non-Current Assets1K967K1.09M1.22M1.67M1.7M1.51M6.07M
Total Assets
125.66M▲ 0%
130.62M▲ 3.9%
1.51B▲ 1057.1%
1.16B▼ 23.4%
860.47M▼ 25.7%
788.25M▼ 8.4%
802.83M▲ 1.8%
688.88M▲ 0%
Asset Turnover0.10x0.13x0.03x0.09x0.08x0.07x0.67x0.66x
Asset Growth %-3.95%1057.06%-23.36%-25.71%-8.39%1.85%34.37%
Total Current Liabilities28.13M28.09M247.62M357.73M156.22M186.39M72.35M68.02M
Accounts Payable9.03M5.33M17.62M122.26M68.25M48.03M17.27M7.58M
Days Payables Outstanding185.7369.54453.85187.35135.38140.9759.57164.21
Short-Term Debt00000000
Deferred Revenue (Current)5.78M7.48M157.99M55.75M36.78M44.58M02.38M
Other Current Liabilities11.92M11.84M55.58M171.38M44.69M88.74M31.5M37.3M
Current Ratio2.60x2.04x5.61x2.63x3.74x2.57x7.28x7.28x
Quick Ratio2.49x1.82x5.55x2.47x3.58x2.43x7.27x7.27x
Cash Conversion Cycle69.45370.78-66.0389.15-39.06200.08-35.26-144.1
Total Non-Current Liabilities65.45M145.34M552.39M112.03M170.99M84.92M33.87M34.49M
Long-Term Debt065.02M000000
Capital Lease Obligations012.13M26.85M25.42M37.11M36.82M33.64M131.87M
Deferred Tax Liabilities01.62M0000227K681K
Other Non-Current Liabilities863K68.19M25.47M86.61M133.89M004.83M
Total Liabilities93.58M173.42M800.01M469.77M327.22M271.31M106.22M102.51M
Total Debt77K79.15M30.09M28.89M42.09M41.82M38.97M36.03M
Net Debt-21.3M48.46M-1.29B-782.57M-453.71M-360.63M-442.78M-356.67M
Debt / Equity0.00x-0.04x0.04x0.08x0.08x0.06x0.06x
Debt / EBITDA------0.20x0.16x
Net Debt / EBITDA-------2.25x-2.25x
Interest Coverage-264.81x-68.15x-5.61x-39.88x-67.29x-109.99x-547.87x
Total Equity
32.08M▲ 0%
-42.8M▼ 233.4%
711.35M▲ 1761.9%
688.48M▼ 3.2%
533.25M▼ 22.5%
516.94M▼ 3.1%
696.61M▲ 34.8%
586.37M▲ 0%
Equity Growth %--233.41%1761.95%-3.22%-22.55%-3.06%34.76%155.4%
Book Value per Share0.18-0.235.383.702.822.343.092.60
Total Shareholders' Equity32.08M-42.8M711.35M688.48M533.25M516.94M696.61M586.37M
Common Stock727K727K21.66M22.45M23.4M26.88M26.92M27.02M
Retained Earnings-416.07M-515.95M-645.07M-1.06B-1.31B-1.57B-1.4B-1.52B
Treasury Stock000-5.82M-1.48M000
Accumulated OCI447.43M472.42M1.33B1.73B1.82B2.06B2.07B2.07B
Minority Interest00000000

CVAC Cash Flow Statement

CureVac N.V. (CVAC) cash flow — operating, investing & free cash flow history

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations-74.11M-86.96M522.4M-733.13M-286.18M-267.89M101.85M101.85M
Operating CF Margin %-575.79%-499.33%1068.31%-711.84%-424.47%-498.32%19.03%-
Operating CF Growth %--17.34%700.72%-240.34%60.96%6.39%138.02%727.86%
Net Income-71.13M-100.13M-129.85M-412.5M-249.16M-260.17M190.88M193.64M
Depreciation & Amortization3.78M7.16M10.67M15.67M23.74M23.39M18.81M17.8M
Stock-Based Compensation-4.25M19.56M14.24M14.96M9.19M7.7M4.12M5.08M
Deferred Taxes52K-847K-2.87M199.02M-1.58M000
Other Non-Cash Items-1.48M9.93M51.63M-480.74M57.2M29.49M52M47.01M
Working Capital Changes-1.08M-22.65M578.57M-69.55M-125.56M-68.29M-163.96M-86.2M
Change in Receivables-5.59M-10.12M-32.3M-19.82M-16.68M-7.92M11.47M37.24M
Change in Inventory878K-3.25M-8.33M-227.46M-47.85M-46.96M590K-84K
Change in Payables9.4M-9.58M620.3M179.32M-96.19M-29.37M-140.58M0
Cash from Investing-4.26M28.18M-45.27M-127.9M-93.5M-55.2M-18.44M-7.93M
Capital Expenditures-14.72M-12.22M-47.35M-127.9M-93.22M-52.32M-14.31M-7.04M
CapEx % of Revenue114.39%70.19%96.83%124.19%138.27%97.32%2.67%-
Acquisitions0000-277K000
Investments--------
Other Investing5.14M2.33M3.24M-3.68M-5.2M-2.88M-4.13M-894K
Cash from Financing-112K67.98M819.83M344.96M63.17M230.89M-5.11M-5.39M
Debt Issued (Net)-112K67.98M-47.88M-28.18M-4.22M-5.19M-5.11M-5.26M
Equity Issued (Net)001000K1000K1000K1000K0-138K
Dividends Paid00000000
Share Repurchases000-30.91M000-69K
Other Financing00000246K0-1K
Net Change in Cash
-78.27M▲ 0%
9.3M▲ 111.9%
1.29B▲ 13785.5%
-511.13M▼ 139.6%
-315.67M▲ 38.2%
-93.34M▲ 70.4%
79.3M▲ 184.9%
190.19M▲ 0%
Free Cash Flow
-88.83M▲ 0%
-99.19M▼ 11.7%
475.05M▲ 578.9%
-861.03M▼ 281.2%
-379.4M▲ 55.9%
-323.09M▲ 14.8%
83.41M▲ 125.8%
196.15M▲ 0%
FCF Margin %-690.18%-569.52%971.47%-836.03%-562.74%-601%15.58%38.42%
FCF Growth %--11.66%578.94%-281.25%55.94%14.84%125.82%160.27%
FCF per Share-0.50-0.533.59-4.63-2.01-1.460.370.37
FCF Conversion (FCF/Net Income)1.04x0.87x-4.05x1.78x1.15x1.03x0.63x1.01x
Interest Paid00000000
Taxes Paid00000000

CVAC Key Ratios

CureVac N.V. (CVAC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201920202021202220232024TTM
Return on Equity (ROE)--38.61%-58.82%-40.77%-49.55%26.73%33.02%
Return on Invested Capital (ROIC)-907.72%---235.21%-174.39%64.98%64.98%
Gross Margin-60.67%71.02%-131.28%-172.91%-131.34%80.23%94.81%
Net Margin-573.46%-263.95%-399.76%-369.37%-483.96%30.3%37.93%
Debt / Equity-0.04x0.04x0.08x0.08x0.06x0.06x
Interest Coverage-68.15x-5.61x-39.88x-67.29x-109.99x-547.87x
FCF Conversion0.87x-4.05x1.78x1.15x1.03x0.63x1.01x
Revenue Growth35.31%180.78%110.61%-34.54%-20.26%895.54%682.03%

CVAC Frequently Asked Questions

CureVac N.V. (CVAC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

CureVac N.V. (CVAC) reported $510.5M in revenue for fiscal year 2024. This represents a 3866% increase from $12.9M in 2018.

CureVac N.V. (CVAC) grew revenue by 895.5% over the past year. This is strong growth.

Yes, CureVac N.V. (CVAC) is profitable, generating $193.6M in net income for fiscal year 2024 (30.3% net margin).

Dividend & Returns

CureVac N.V. (CVAC) has a return on equity (ROE) of 26.7%. This is excellent, indicating efficient use of shareholder capital.

CureVac N.V. (CVAC) generated $196.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More CVAC

CureVac N.V. (CVAC) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

→

DCA Calculator

Dollar cost averaging vs lump sum

→

Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
VCP ScannerFree US Stock Screener & Financial Analysis

Find stocks. Verify deeply. Act with conviction.

Patterns find ideas. Fundamentals build conviction.

Data updated daily

Quick Links

  • Home
  • Screener
  • Themes
  • Market Valuation
  • Valuation
  • Compare
  • Total Return
  • DCA Calculator
  • News
  • Insights
  • Methodology
  • How It Works
  • Profile

Popular Screens

  • VCP Hot
  • VCP Warm
  • Value Screens
  • Growth Screens
  • Momentum Screens
  • Technical Screens
  • Quality Screens

Community

  • Follow @VCPScanner on X

Get weekly stock ideas — free

© 2026 VCP Scanner. All rights reserved.
About·Privacy Policy·Terms of Service
Not financial advice. Do your own research.