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HCW Biologics Inc. (HCWB) 10-Year Financial Performance & Capital Metrics

HCWB • • Industrial / General
HealthcareBiotechnologyOncology TherapeuticsSolid Tumor Oncology
AboutHCW Biologics Inc., a preclinical stage biopharmaceutical company, focuses on discovering and developing novel immunotherapies for chronic, low-grade inflammation, and age-related diseases. The company's lead products include HCW9218, which is an injectable immunotherapeutic for patients with pancreatic, ovarian, breast, prostate, and colorectal cancers, as well as pulmonary fibrosis; and HCW9302 for auto-immune diseases, such as alopecia areata and metabolic diseases. It also develops HCW9201, a cell-based therapy that is in Phase II clinical trials for the treatment of patients with relapsed/refractory acute myeloid leukemia; and HCW9206 for the treatment of acute myeloid leukemia. The company was incorporated in 2018 and is headquartered in Miramar, Florida.Show more
  • Revenue $3M -9.7%
  • EBITDA -$28M -15.1%
  • Net Income -$30M -20.1%
  • EPS (Diluted) -0.77 -10.0%
  • Gross Margin 37.38% +89.6%
  • EBITDA Margin -1102.36% -27.4%
  • Operating Margin -1148.5% -26.9%
  • Net Margin -1169.7% -33.0%
  • ROE -897.37% -813.6%
  • ROIC -240.08% -134.5%
  • Debt/Equity -
  • Interest Coverage -25.45 +72.0%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 2 (bottom 2%)
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Trading more than 30% below 52-week high
  • ✗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-
5Y-
3Y-
TTM-87.93%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM67.72%

EPS CAGR

10Y-
5Y-
3Y-
TTM-794%

ROCE

10Y Avg-95.73%
5Y Avg-98.5%
3Y Avg-133.99%
Latest-289.39%

Peer Comparison

Solid Tumor Oncology
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
TLXTelix Pharmaceuticals Limited2.49B7.4353.0755.85%3.98%15.63%0.36%1.02
EXELExelixis, Inc.12.18B45.4425.8218.49%29.63%31.37%5.2%0.09
BBOTBridgeBio Oncology Therapeutics Inc.919.87M11.5025-25.73%
INBXInhibrx Biosciences, Inc.1.04B71.800.62-88.89%-110.78%-421.09%0.06
NUVBNuvation Bio Inc.2.1B6.14-2.91-8.13%-66.74%0.02
RLAYRelay Therapeutics, Inc.1.32B7.63-3.23-60.83%-26.71%-48.97%0.06
ORICORIC Pharmaceuticals, Inc.1.12B11.52-6.30-33.24%0.01
ZLABZai Lab Limited2.09B18.82-7.2449.59%-46.83%-27.21%0.18

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+04.1M06.72M2.84M2.57M
Revenue Growth %---1%--0.58%-0.1%
Cost of Goods Sold+421.82K0543.6K4.14M2.28M1.61M
COGS % of Revenue---0.62%0.8%0.63%
Gross Profit+-421.82K4.1M-543.6K2.59M560.36K959.4K
Gross Margin %-1%-0.38%0.2%0.37%
Gross Profit Growth %-10.72%-1.13%5.76%-0.78%0.71%
Operating Expenses+6.94M9.92M12.82M17.67M26.28M30.44M
OpEx % of Revenue-2.42%-2.63%9.25%11.86%
Selling, General & Admin1.8M2.44M5M7.99M13.08M21.95M
SG&A % of Revenue-0.59%-1.19%4.6%8.55%
Research & Development5.14M7.26M7.82M9.34M7.68M6.39M
R&D % of Revenue-1.77%-1.39%2.7%2.49%
Other Operating Expenses0233.04K0338.46K5.52M2.1M
Operating Income+-7.37M-5.82M-13.37M-15.08M-25.72M-29.48M
Operating Margin %--1.42%--2.24%-9.05%-11.49%
Operating Income Growth %-0.21%-1.3%-0.13%-0.71%-0.15%
EBITDA+-6.94M-5.25M-12.82M-14.36M-24.58M-28.3M
EBITDA Margin %--1.28%--2.14%-8.65%-11.02%
EBITDA Growth %-0.24%-1.44%-0.12%-0.71%-0.15%
D&A (Non-Cash Add-back)421.82K572.87K543.6K717.85K1.14M1.18M
EBIT-7.29M-5.82M-12.86M-14.77M-24.71M-28.87M
Net Interest Income+72.35K22.32K505.37K-126.66K-283.04K-1.16M
Interest Income72.35K22.32K505.37K000
Interest Expense000126.66K283.04K1.16M
Other Income/Expense72.35K22.32K505.37K178.07K722.88K-544.15K
Pretax Income+-7.29M-5.8M-12.86M-14.9M-24.99M-30.02M
Pretax Margin %--1.42%--2.22%-8.8%-11.7%
Income Tax+000000
Effective Tax Rate %1%1%1%1%1%1%
Net Income+-7.29M-5.78M-12.86M-14.9M-24.99M-30.02M
Net Margin %--1.41%--2.22%-8.8%-11.7%
Net Income Growth %-0.21%-1.23%-0.16%-0.68%-0.2%
Net Income (Continuing)-7.29M-5.8M-12.86M-14.9M-24.99M-30.02M
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+-0.20-0.16-0.35-0.41-0.70-0.77
EPS Growth %-0.2%-1.19%-0.17%-0.71%-0.1%
EPS (Basic)-0.20-0.16-0.35-0.41-0.70-0.77
Diluted Shares Outstanding36.7M36.7M35.77M35.82M35.93M38.79M
Basic Shares Outstanding36.7M36.7M35.77M35.82M35.93M38.79M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+8.03M12.15M40.48M34.07M6.4M5.7M
Cash & Short-Term Investments7.36M8.46M36.71M32.06M3.6M4.67M
Cash Only7.36M8.46M11.73M22.33M3.6M4.67M
Short-Term Investments0024.98M9.74M00
Accounts Receivable02.5M133K417.69K1.54M582.2K
Days Sales Outstanding-222.57-22.68197.2582.79
Inventory0001.39M00
Days Inventory Outstanding---123.11--
Other Current Assets236.29K654.53K1.44M196.01K230.92K113.53K
Total Non-Current Assets+2.04M3.25M13.03M12.74M22.11M24.54M
Property, Plant & Equipment2M1.62M1.12M10.8M20.45M22.91M
Fixed Asset Turnover-2.54x-0.62x0.14x0.11x
Goodwill000000
Intangible Assets000000
Long-Term Investments01.6M11.52M1.6M1.6M1.6M
Other Non-Current Assets34.24K34.24K393.32K333.88K56.54K28.48K
Total Assets+10.07M15.4M53.51M46.81M28.51M30.24M
Asset Turnover-0.27x-0.14x0.10x0.08x
Asset Growth %-0.53%2.48%-0.13%-0.39%0.06%
Total Current Liabilities+1.07M1M2.32M2.96M8.75M29.63M
Accounts Payable392.33K155.34K223.66K1.23M6.17M22.33M
Days Payables Outstanding339.49-150.18108.22986.685.07K
Short-Term Debt0567.31K0006.31M
Deferred Revenue (Current)001000K000
Other Current Liabilities0278.43K297.93K00774.94K
Current Ratio7.53x12.14x17.44x11.52x0.73x0.19x
Quick Ratio7.53x12.14x17.44x11.05x0.73x0.19x
Cash Conversion Cycle---37.57--
Total Non-Current Liabilities+0006.42M6.3M7.38M
Long-Term Debt0006.41M6.3M7.38M
Capital Lease Obligations000000
Deferred Tax Liabilities000000
Other Non-Current Liabilities00014.28K00
Total Liabilities1.07M1M2.32M9.38M15.05M37.01M
Total Debt+0567.31K06.41M6.3M13.69M
Net Debt-7.36M-7.89M-11.73M-15.92M2.71M9.02M
Debt / Equity-0.04x-0.17x0.47x-
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage----119.05x-90.86x-25.45x
Total Equity+9M14.4M51.19M37.43M13.46M-6.77M
Equity Growth %-0.6%2.56%-0.27%-0.64%-1.5%
Book Value per Share0.250.391.431.040.37-0.17
Total Shareholders' Equity9M14.4M51.19M37.43M13.46M-6.77M
Common Stock4721.12K3.58K3.59K3.6K4.45K
Retained Earnings-9.68M-16.72M-30.64M-45.54M-70.53M-100.56M
Treasury Stock000000
Accumulated OCI-1.1K00000
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-6.77M-10.43M-10.98M-10.39M-22.51M-14.23M
Operating CF Margin %--2.54%--1.55%-7.92%-5.54%
Operating CF Growth %--0.54%-0.05%0.05%-1.17%0.37%
Net Income-7.29M-5.8M-12.86M-14.9M-24.99M-30.02M
Depreciation & Amortization421.82K572.87K543.6K717.85K1.14M1.18M
Stock-Based Compensation1.76K21.88K360.98K1.12M1M1.01M
Deferred Taxes000000
Other Non-Cash Items023.04K-473.22K188.46K4.98M-418
Working Capital Changes104.17K-5.25M1.46M2.49M-4.64M13.6M
Change in Receivables0-2.5M2.37M-284.69K-1.12M953.56K
Change in Inventory000000
Change in Payables766.39K-628.65K1.89M418.21K1.62M11.87M
Cash from Investing+-1.46M-186.68K-35.02M14.71M3.8M-261.62K
Capital Expenditures-1.46M-186.68K-47.26K-10.28M-6.2M-261.62K
CapEx % of Revenue-0.05%-1.53%2.18%0.1%
Acquisitions------
Investments------
Other Investing16400000
Cash from Financing+13.45M11.72M49.27M6.27M-14.53K15.57M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing00-6.76M-190.55K02.32M
Net Change in Cash------
Free Cash Flow+-8.23M-10.62M-11.02M-20.66M-28.72M-14.49M
FCF Margin %--2.59%--3.07%-10.11%-5.64%
FCF Growth %--0.29%-0.04%-0.87%-0.39%0.5%
FCF per Share-0.22-0.29-0.31-0.58-0.80-0.37
FCF Conversion (FCF/Net Income)0.93x1.80x0.85x0.70x0.90x0.47x
Interest Paid000126.66K283.04K569.77K
Taxes Paid000000

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)-81.03%-49.41%-39.22%-33.63%-98.23%-897.37%
Return on Invested Capital (ROIC)--107.17%-43.62%-37.09%-102.37%-240.08%
Gross Margin-100%-38.48%19.72%37.38%
Net Margin--140.98%--221.67%-879.52%-1169.7%
Debt / Equity-0.04x-0.17x0.47x-
Interest Coverage----119.05x-90.86x-25.45x
FCF Conversion0.93x1.80x0.85x0.70x0.90x0.47x
Revenue Growth---100%--57.72%-9.68%

Frequently Asked Questions

Growth & Financials

HCW Biologics Inc. (HCWB) reported $0.4M in revenue for fiscal year 2024.

HCW Biologics Inc. (HCWB) saw revenue decline by 9.7% over the past year.

HCW Biologics Inc. (HCWB) reported a net loss of $12.1M for fiscal year 2024.

Dividend & Returns

HCW Biologics Inc. (HCWB) has a return on equity (ROE) of -897.4%. Negative ROE indicates the company is unprofitable.

HCW Biologics Inc. (HCWB) had negative free cash flow of $13.0M in fiscal year 2024, likely due to heavy capital investments.

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