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Vaxcyte, Inc. (PCVX) 10-Year Financial Performance & Capital Metrics

PCVX • • Industrial / General
HealthcareBiotechnologyInfectious DiseasesAntibiotics & Bacterial Infections
AboutVaxcyte, Inc., a clinical-stage biotechnology vaccine company, develops novel protein vaccines to prevent or treat bacterial infectious diseases. Its lead vaccine candidate is VAX-24, a 24-valent investigational pneumococcal conjugate vaccine that is in Phase 1/2 clinical trials to treat invasive pneumococcal disease and pneumonia. The company also develops VAX-XP to protect against emerging strains and address antibiotic resistance; VAX-A1, a conjugate vaccine candidate designed to treat Group A Strep; and VAX-PG, a novel protein vaccine candidate targeting keystone pathogen responsible for periodontitis. The company was formerly known as SutroVax, Inc. and changed its name to Vaxcyte, Inc. in May 2020. Vaxcyte, Inc. was incorporated in 2013 and is headquartered in San Carlos, California.Show more
  • Revenue $0
  • EBITDA -$554M -20.9%
  • Net Income -$464M -15.3%
  • EPS (Diluted) -3.80 +8.2%
  • Gross Margin -
  • EBITDA Margin -
  • Operating Margin -
  • Net Margin -
  • ROE -20.41% +44.3%
  • ROIC -22.13% +68.2%
  • Debt/Equity 0.02 -8.7%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free

✗Weaknesses

  • ✗Shares diluted 25.6% in last year
  • ✗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-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-29.46%

EPS CAGR

10Y-
5Y-
3Y-
TTM-9.53%

ROCE

10Y Avg-49.19%
5Y Avg-36.09%
3Y Avg-34.47%
Latest-24.58%

Peer Comparison

Antibiotics & Bacterial Infections
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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TTM Growth
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Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
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Profit & Loss

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+00000000
Revenue Growth %--------
Cost of Goods Sold+01.04M1.23M1.41M0000
COGS % of Revenue--------
Gross Profit+0-1.04M-1.23M-1.41M0000
Gross Margin %--------
Gross Profit Growth %---0.19%-0.14%1%---
Operating Expenses+17.4M35.53M52.92M88.18M103.67M232.26M468.04M569.55M
OpEx % of Revenue--------
Selling, General & Admin5.05M5.39M7.31M14.61M25.26M39.81M60.7M92.9M
SG&A % of Revenue--------
Research & Development12.79M30.14M45.61M73.56M78.41M169.45M332.34M476.64M
R&D % of Revenue--------
Other Operating Expenses05.18M00023M75M0
Operating Income+-17.83M-35.53M-54.15M-89.58M-103.67M-232.26M-468.04M-569.55M
Operating Margin %--------
Operating Income Growth %--0.99%-0.52%-0.65%-0.16%-1.24%-1.02%-0.22%
EBITDA+-17.21M-34.5M-52.92M-88.18M-100.21M-222.8M-457.87M-553.7M
EBITDA Margin %--------
EBITDA Growth %--1%-0.53%-0.67%-0.14%-1.22%-1.06%-0.21%
D&A (Non-Cash Add-back)625K1.04M1.23M1.41M3.46M9.45M10.17M15.85M
EBIT-17.83M-29.41M-50.23M-89.21M-100.07M-223.48M-402.27M-463.93M
Net Interest Income+0828K592K237K337K8.35M62.91M109.99M
Interest Income164K903K632K244K344K8.36M62.91M109.99M
Interest Expense075K40K7K7K2K00
Other Income/Expense595K6.05M3.88M364K3.59M8.77M65.78M105.62M
Pretax Income+-17.24M-29.48M-50.27M-89.22M-100.08M-223.49M-402.27M-463.93M
Pretax Margin %--------
Income Tax+00000000
Effective Tax Rate %1%1%1%1%1%1%1%1%
Net Income+-17.24M-29.48M-50.27M-89.22M-100.08M-223.49M-402.27M-463.93M
Net Margin %--------
Net Income Growth %--0.71%-0.71%-0.77%-0.12%-1.23%-0.8%-0.15%
Net Income (Continuing)-17.24M-29.48M-50.27M-89.22M-100.08M-223.49M-402.27M-463.93M
Discontinued Operations00000000
Minority Interest00000000
EPS (Diluted)+-4.83-8.12-14.10-2.97-1.93-3.44-4.14-3.80
EPS Growth %--0.68%-0.74%0.79%0.35%-0.78%-0.2%0.08%
EPS (Basic)-4.84-8.12-14.10-2.97-1.93-3.44-4.14-3.80
Diluted Shares Outstanding3.57M3.63M3.8M29.55M51.92M64.88M97.16M122M
Basic Shares Outstanding3.56M3.63M3.79M29.55M51.92M64.88M97.16M122M
Dividend Payout Ratio--------

Balance Sheet

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+36.35M66.67M61.72M389M256.35M942.55M1.1B1.79B
Cash & Short-Term Investments36.14M66.09M58.98M386.2M245.97M931.38M1.08B1.75B
Cash Only36.14M66.09M58.98M386.2M68.98M834.66M397.45M387.88M
Short-Term Investments0000176.99M96.72M682.78M1.36B
Accounts Receivable0000003.61M20.66M
Days Sales Outstanding--------
Inventory00000000
Days Inventory Outstanding--------
Other Current Assets0000005.96M20.11M
Total Non-Current Assets+3.28M4.13M3.98M3.82M67.99M63.62M311.96M1.72B
Property, Plant & Equipment2.97M3.41M3.39M3.27M35.91M31.65M110.62M270.15M
Fixed Asset Turnover--------
Goodwill00000000
Intangible Assets00000000
Long-Term Investments000027.12M26.55M162.68M1.39B
Other Non-Current Assets311K723K584K550K4.96M5.43M38.66M65.68M
Total Assets+39.63M70.8M65.7M392.83M324.34M1.01B1.41B3.51B
Asset Turnover--------
Asset Growth %-0.79%-0.07%4.98%-0.17%2.1%0.4%1.49%
Total Current Liabilities+4.26M6.71M11.05M46.86M28.72M40.52M145.34M140.18M
Accounts Payable1.81M2.83M3.38M29.79M6.76M9.79M14.59M48.45M
Days Payables Outstanding-996.091K7.74K----
Short-Term Debt00000000
Deferred Revenue (Current)0-297K000000
Other Current Liabilities850K2.4M433K298K3.46M1.18M11.06M20.55M
Current Ratio8.53x9.93x5.58x8.30x8.93x23.26x7.54x12.75x
Quick Ratio8.53x9.93x5.58x8.30x8.93x23.26x7.54x12.75x
Cash Conversion Cycle--------
Total Non-Current Liabilities+4.43M121.82M161.02M122K11.6M12.04M22.11M65.32M
Long-Term Debt3.76M0000000
Capital Lease Obligations458K161K0011.51M12.03M22.11M65.22M
Deferred Tax Liabilities00000000
Other Non-Current Liabilities212K121.66M161.02M122K96K9K0100K
Total Liabilities8.69M128.53M172.07M46.98M40.32M52.56M167.45M205.5M
Total Debt+4.5M458K161K016.78M17.94M29.22M71.11M
Net Debt-31.64M-65.63M-58.81M-386.2M-52.2M-816.72M-368.23M-316.77M
Debt / Equity0.15x---0.06x0.02x0.02x0.02x
Debt / EBITDA--------
Net Debt / EBITDA--------
Interest Coverage--473.77x-1353.83x-12797.29x-14810.00x-116128.00x--
Total Equity+30.94M-57.73M-106.37M345.84M284.02M953.61M1.24B3.31B
Equity Growth %--2.87%-0.84%4.25%-0.18%2.36%0.3%1.66%
Book Value per Share8.68-15.90-28.0311.715.4714.7012.7727.10
Total Shareholders' Equity30.94M-57.73M-106.37M345.84M284.02M953.61M1.24B3.31B
Common Stock6K6K7K54K56K82K98K128K
Retained Earnings-29.59M-59.07M-109.35M-198.56M-298.64M-522.13M-924.39M-1.39B
Treasury Stock00000000
Accumulated OCI0-1.75M00-241K-361K179K-3.87M
Minority Interest00000000

Cash Flow

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-14.96K-30.47M-47.15M-46.63M-121.39M-170.6M-296.79M-452.63M
Operating CF Margin %--------
Operating CF Growth %--2035.09%-0.55%0.01%-1.6%-0.41%-0.74%-0.53%
Net Income-17.24K-29.48M-50.27M-89.22M-100.08M-223.49M-402.27M-463.93M
Depreciation & Amortization6251.04M1.23M1.41M3.46M9.45M10.17M15.85M
Stock-Based Compensation390749K1.19M5.43M10.73M23.65M48.76M84.82M
Deferred Taxes051K0301K0000
Other Non-Cash Items260-4.71M-3.2M179K1.5M7.05M-34.77M-34.47M
Working Capital Changes1K1.9M3.91M35.27M-37.01M12.74M81.32M-54.9M
Change in Receivables01.27M868K00000
Change in Inventory0-1.19M000000
Change in Payables01.27M868K26.1M-12.47M2.9M11.22M34.58M
Cash from Investing+-1.12K-1.77M-1.2M-1.1M-212.31M74.58M-773.31M-2.01B
Capital Expenditures-1.22K-1.77M-1.2M-1.16M-6.55M-5.84M-67.88M-22.43M
CapEx % of Revenue--------
Acquisitions--------
Investments--------
Other Investing1061K0026K00-96.73M
Cash from Financing+43.86K62.19M41.57M374.87M17.8M861.55M639.81M2.45B
Debt Issued (Net)--------
Equity Issued (Net)--------
Dividends Paid00000000
Share Repurchases--------
Other Financing231.86K128K-655K1.04M3.9M5.07M3.77M12.85M
Net Change in Cash--------
Free Cash Flow+-16.18K-32.24M-48.34M-47.78M-127.95M-176.44M-364.67M-475.05M
FCF Margin %--------
FCF Growth %--1990.97%-0.5%0.01%-1.68%-0.38%-1.07%-0.3%
FCF per Share-0.00-8.88-12.74-1.62-2.46-2.72-3.75-3.89
FCF Conversion (FCF/Net Income)0.00x1.03x0.94x0.52x1.21x0.76x0.74x0.98x
Interest Paid0040K07K2K00
Taxes Paid00000000

Key Ratios

Metric20172018201920202021202220232024
Return on Equity (ROE)-55.72%---74.51%-31.78%-36.12%-36.67%-20.41%
Return on Invested Capital (ROIC)-----81.22%-94.49%-69.57%-22.13%
Debt / Equity0.15x---0.06x0.02x0.02x0.02x
Interest Coverage--473.77x-1353.83x-12797.29x-14810.00x-116128.00x--
FCF Conversion0.00x1.03x0.94x0.52x1.21x0.76x0.74x0.98x

Revenue by Segment

20202021
Pneumococcal Conjugate Vaccine7B7B
Pneumococcal Conjugate Vaccine Growth-0.00%

Frequently Asked Questions

Growth & Financials

Vaxcyte, Inc. (PCVX) grew revenue by 0.0% over the past year. Growth has been modest.

Vaxcyte, Inc. (PCVX) reported a net loss of $657.2M for fiscal year 2024.

Dividend & Returns

Vaxcyte, Inc. (PCVX) has a return on equity (ROE) of -20.4%. Negative ROE indicates the company is unprofitable.

Vaxcyte, Inc. (PCVX) had negative free cash flow of $591.5M in fiscal year 2024, likely due to heavy capital investments.

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