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Sutro Biopharma, Inc. (STRO) 10-Year Financial Performance & Capital Metrics

STRO • • Industrial / General
HealthcareBiotechnologyOncology TherapeuticsImmuno-Oncology
AboutSutro Biopharma, Inc. operates as clinical stage drug discovery, development, and manufacturing company. It focuses on creating protein therapeutics for cancer and autoimmune disorders through integrated cell-free protein synthesis and site-specific conjugation platform, XpressCF+.The company's product candidates include STRO-001, an antibody-drug conjugate (ADC) directed against the cancer target CD74 for patients with multiple myeloma and non-Hodgkin lymphoma that is in Phase 1 clinical trials; and STRO-002, an ADC directed against folate receptor-alpha for patients with ovarian and endometrial cancers, which is in Phase 1 clinical trials. It has collaboration and license agreements with Merck Collaboration to develop research programs focusing on cytokine derivatives for cancer and autoimmune disorders; and Celgene Corporation to discover and develop bispecific antibodies and/or ADCs focused on the field of immuno-oncology. The company was formerly known as Fundamental Applied Biology, Inc. Sutro Biopharma, Inc. was incorporated in 2003 and is headquartered in South San Francisco, California.Show more
  • Revenue $62M -59.6%
  • EBITDA -$231M -180.4%
  • Net Income -$227M -113.0%
  • EPS (Diluted) -2.96 -66.3%
  • Gross Margin 88.37% -7.5%
  • EBITDA Margin -372.7% -594.8%
  • Operating Margin -384.34% -561.8%
  • Net Margin -366.62% -427.8%
  • ROE -234.19% -302.1%
  • ROIC -207.62% -425.3%
  • Debt/Equity 4.57 +1934.7%
  • Interest Coverage -7.67 -104.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 99 (top 1%)

✗Weaknesses

  • ✗High debt to equity ratio of 4.6x
  • ✗Weak Piotroski F-Score: 1/9
  • ✗Negative free cash flow
  • ✗Shares diluted 27.7% in last year
  • ✗Expensive at 18.3x book value
  • ✗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-
5Y7.74%
3Y0.09%
TTM-34.36%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-74.88%

EPS CAGR

10Y-
5Y-
3Y-
TTM-60.49%

ROCE

10Y Avg-44.91%
5Y Avg-39.88%
3Y Avg-46.87%
Latest-75.42%

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 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+59.73M51.74M38.42M42.74M42.72M61.88M67.77M153.73M62.04M
Revenue Growth %--0.13%-0.26%0.11%-0%0.45%0.1%1.27%-0.6%
Cost of Goods Sold+43.55M51.9M54.26M076.96M9.77M8.29M6.82M7.22M
COGS % of Revenue0.73%1%1.41%-1.8%0.16%0.12%0.04%0.12%
Gross Profit+16.18M-156K-15.84M42.74M-34.24M52.11M59.48M146.91M54.83M
Gross Margin %0.27%-0%-0.41%1%-0.8%0.84%0.88%0.96%0.88%
Gross Profit Growth %--1.01%-100.56%3.7%-1.8%2.52%0.14%1.47%-0.63%
Operating Expenses+58.37M71.01M75.64M98.2M36.82M150.63M188.43M236.19M293.28M
OpEx % of Revenue0.98%1.37%1.97%2.3%0.86%2.43%2.78%1.54%4.73%
Selling, General & Admin14.82M16.37M21.38M32.59M36.82M56M59.54M62.58M48.45M
SG&A % of Revenue0.25%0.32%0.56%0.76%0.86%0.91%0.88%0.41%0.78%
Research & Development43.55M54.64M54.26M65.61M76.96M104.4M137.17M180.43M252.04M
R&D % of Revenue0.73%1.06%1.41%1.54%1.8%1.69%2.02%1.17%4.06%
Other Operating Expenses87K-77K1.91M0-76.96M-9.77M-8.29M-6.82M-7.22M
Operating Income+1.36M-19.27M-37.22M-55.47M-71.06M-98.52M-128.94M-89.28M-238.45M
Operating Margin %0.02%-0.37%-0.97%-1.3%-1.66%-1.59%-1.9%-0.58%-3.84%
Operating Income Growth %--15.13%-0.93%-0.49%-0.28%-0.39%-0.31%0.31%-1.67%
EBITDA+7.03M-14.28M-32.68M-50.69M-66.76M-93.68M-120.66M-82.46M-231.24M
EBITDA Margin %0.12%-0.28%-0.85%-1.19%-1.56%-1.51%-1.78%-0.54%-3.73%
EBITDA Growth %--3.03%-1.29%-0.55%-0.32%-0.4%-0.29%0.32%-1.8%
D&A (Non-Cash Add-back)5.66M4.99M4.54M4.78M4.3M4.84M8.29M6.82M7.22M
EBIT1.36M-19.08M-37.22M-51.39M-28.05M-102.4M-113.36M-74.73M-187.67M
Net Interest Income+251K-416K16K-276K-2.47M-2.56M109K-9.24M13.36M
Interest Income251K273K1.62M4.07M1.51M577K3.46M14.51M44.42M
Interest Expense0689K1.6M4.35M3.97M3.14M3.35M23.75M31.07M
Other Income/Expense338K-416K1.91M-276K38.93M-7.01M12.24M677K13.36M
Pretax Income+1.7M-19.69M-35.32M-55.74M-32.13M-105.54M-116.7M-88.6M-225.1M
Pretax Margin %0.03%-0.38%-0.92%-1.3%-0.75%-1.71%-1.72%-0.58%-3.63%
Income Tax+0000002.5M18.19M2.36M
Effective Tax Rate %1%1%1%1%1%1%1.02%1.21%1.01%
Net Income+1.7M-19.69M-35.32M-55.74M-32.13M-105.54M-119.2M-106.79M-227.46M
Net Margin %0.03%-0.38%-0.92%-1.3%-0.75%-1.71%-1.76%-0.69%-3.67%
Net Income Growth %--12.57%-0.79%-0.58%0.42%-2.28%-0.13%0.1%-1.13%
Net Income (Continuing)1.7M-19.69M-35.32M-55.74M-32.13M-105.54M-119.2M-106.79M-227.46M
Discontinued Operations000000000
Minority Interest000000000
EPS (Diluted)+3.86-2.81-1.54-2.43-0.99-2.29-2.35-1.78-2.96
EPS Growth %--1.73%0.45%-0.58%0.59%-1.31%-0.03%0.24%-0.66%
EPS (Basic)3.86-2.81-1.55-2.43-0.99-2.29-2.35-1.78-2.96
Diluted Shares Outstanding441.2K7M22.87M22.96M32.57M46.12M50.74M60.16M76.83M
Basic Shares Outstanding441.2K7M22.86M22.96M32.57M46.12M50.74M60.16M76.83M
Dividend Payout Ratio---------

Balance Sheet

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+49.69M25.63M209.95M128.57M378.18M218.51M353.15M421.54M343.31M
Cash & Short-Term Investments47.52M22.02M204.49M117.86M368.14M197.94M334.36M375.62M316.89M
Cash Only11.59M22.02M125.3M4.96M206.15M30.41M47.25M69.27M190.3M
Short-Term Investments35.93M079.19M112.9M161.99M167.52M287.11M306.35M126.59M
Accounts Receivable577K1.62M2.49M6.3M5.56M12.45M7.12M36.08M8.62M
Days Sales Outstanding3.5311.4623.6553.7947.4973.4638.3685.6650.69
Inventory000000000
Days Inventory Outstanding---------
Other Current Assets002.96M4.41M0011.67M9.85M17.8M
Total Non-Current Assets+19.59M15.14M13.19M27.8M15.93M122.89M53.79M49.19M43.9M
Property, Plant & Equipment18.69M14M10.93M9.63M12.94M51.59M51.06M44.76M35.87M
Fixed Asset Turnover3.20x3.70x3.51x4.44x3.30x1.20x1.33x3.43x1.73x
Goodwill000000000
Intangible Assets000000000
Long-Term Investments482K223K15K15.62M068.78M-32.02M00
Other Non-Current Assets417K920K2.24M2.54M2.99M2.53M34.75M4.44M8.03M
Total Assets+69.28M40.77M223.14M156.37M394.11M341.41M406.94M470.74M387.21M
Asset Turnover0.86x1.27x0.17x0.27x0.11x0.18x0.17x0.33x0.16x
Asset Growth %--0.41%4.47%-0.3%1.52%-0.13%0.19%0.16%-0.18%
Total Current Liabilities+50.18M31.96M36.42M32.97M29.6M41.74M66.55M93.75M131.89M
Accounts Payable3.39M2.9M3.06M5.58M5.54M6.01M4.8M9.44M10.47M
Days Payables Outstanding28.4520.4120.59-26.29224.42211.26505.52529.7
Short-Term Debt014.56M4.72M1M09.38M17.09M4.06M0
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities22K143K7.06M901K627K11.42M11.64M18.58M16.91M
Current Ratio0.99x0.80x5.76x3.90x12.78x5.24x5.31x4.50x2.60x
Quick Ratio0.99x0.80x5.76x3.90x12.78x5.24x5.31x4.50x2.60x
Cash Conversion Cycle---------
Total Non-Current Liabilities+110M117.81M55.18M25.61M32.47M47.11M123.35M227.34M210.71M
Long-Term Debt0010M8.88M24.55M15.74M3.77M0180.81M
Capital Lease Obligations0000031.22M29.57M23.15M15.67M
Deferred Tax Liabilities-1.19M0476K000000
Other Non-Current Liabilities104.14M104.66M578K543K1.82M146K119K1.69M1.69M
Total Liabilities160.18M149.77M91.6M58.58M62.06M88.84M189.9M321.09M342.61M
Total Debt+1.19M14.63M14.72M9.88M24.55M57.37M55.02M33.63M203.96M
Net Debt-10.4M-7.39M-110.57M4.92M-181.61M26.96M7.76M-35.63M13.66M
Debt / Equity--0.11x0.10x0.07x0.23x0.25x0.22x4.57x
Debt / EBITDA0.17x--------
Net Debt / EBITDA-1.48x--------
Interest Coverage--27.97x-23.26x-12.75x-17.88x-31.41x-38.54x-3.76x-7.67x
Total Equity+-90.9M-109M131.54M97.79M332.05M252.56M217.05M149.65M44.6M
Equity Growth %--0.2%2.21%-0.26%2.4%-0.24%-0.14%-0.31%-0.7%
Book Value per Share-206.03-15.585.754.2610.195.484.282.490.58
Total Shareholders' Equity-90.9M-109M131.54M97.79M332.05M252.56M217.05M149.65M44.6M
Common Stock16K023K23K46K46K58K61K83K
Retained Earnings-95.32M-115.01M-150.33M-195.75M-227.87M-333.41M-452.62M-559.41M-786.87M
Treasury Stock000000000
Accumulated OCI-17K-208K-47K165K129K-314K-618K21K39K
Minority Interest000000000

Cash Flow

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-13.15M-37.07M12.68M-65.02M-67.8M-81.68M3.55M-111.62M-191.54M
Operating CF Margin %-0.22%-0.72%0.33%-1.52%-1.59%-1.32%0.05%-0.73%-3.09%
Operating CF Growth %--1.82%1.34%-6.13%-0.04%-0.2%1.04%-32.45%-0.72%
Net Income1.7M-19.69M-35.32M-55.74M-32.13M-105.54M-119.2M-106.79M-227.46M
Depreciation & Amortization5.66M4.99M4.54M4.78M4.3M4.84M5.69M6.82M7.22M
Stock-Based Compensation968K1.39M2.87M10.31M11.92M23.24M26.3M24.91M24.69M
Deferred Taxes80K3M-1.5M-1.3M-41.01M7.24M000
Other Non-Cash Items98K132K-517K193K606K6.16M-13.65M-2.17M-4.88M
Working Capital Changes-21.66M-26.9M42.61M-23.26M-11.49M-17.62M104.41M-34.38M8.9M
Change in Receivables-171K-1.05M-865K-3.81M739K-6.89M5.34M-28.96M27.46M
Change in Inventory-389K-354K-1.67M-1.25M-58K-4.54M000
Change in Payables874K-473K209K2.25M-947K6.43M-1.23M4.81M706K
Cash from Investing+9.59M32.6M-80.19M-51.13M604K-97.31M-35.02M-3.92M218.51M
Capital Expenditures-4.39M-3.32M-1.56M-3.48M-7.13M-15.32M-7.86M-4.32M-3.1M
CapEx % of Revenue0.07%0.06%0.04%0.08%0.17%0.25%0.12%0.03%0.05%
Acquisitions---------
Investments---------
Other Investing16K80K80K-47.65M89K9K-28.73M00
Cash from Financing+177K14.64M170.78M-4.18M269.25M3.26M48.31M137.55M94.05M
Debt Issued (Net)---------
Equity Issued (Net)---------
Dividends Paid000000000
Share Repurchases---------
Other Financing177K-362K1.61M-297K2.83M4.25M1.42M138.08M1.61M
Net Change in Cash---------
Free Cash Flow+-17.55M-40.39M11.13M-68.5M-74.93M-97M-4.31M-115.93M-194.64M
FCF Margin %-0.29%-0.78%0.29%-1.6%-1.75%-1.57%-0.06%-0.75%-3.14%
FCF Growth %--1.3%1.28%-7.16%-0.09%-0.29%0.96%-25.9%-0.68%
FCF per Share-39.77-5.770.49-2.98-2.30-2.10-0.08-1.93-2.53
FCF Conversion (FCF/Net Income)-7.73x1.88x-0.36x1.17x2.11x0.77x-0.03x1.05x0.84x
Interest Paid000002.05M01.13M310K
Taxes Paid00000103K0379K17.52M

Key Ratios

Metric201620172018201920202021202220232024
Return on Equity (ROE)---313.4%-48.62%-14.95%-36.11%-50.77%-58.25%-234.19%
Return on Invested Capital (ROIC)----67.28%-42.1%-34.37%-38.35%-39.52%-207.62%
Gross Margin27.09%-0.3%-41.24%100%-80.14%84.21%87.77%95.57%88.37%
Net Margin2.85%-38.05%-91.93%-130.44%-75.2%-170.55%-175.89%-69.47%-366.62%
Debt / Equity--0.11x0.10x0.07x0.23x0.25x0.22x4.57x
Interest Coverage--27.97x-23.26x-12.75x-17.88x-31.41x-38.54x-3.76x-7.67x
FCF Conversion-7.73x1.88x-0.36x1.17x2.11x0.77x-0.03x1.05x0.84x
Revenue Growth--13.38%-25.75%11.24%-0.03%44.84%9.52%126.84%-59.64%

Revenue by Segment

20182024
Research and Development Services-174K
Research and Development Services Growth--
Collaboration Revenue13.54M-
Collaboration Revenue Growth--
Other Revenue5.42M-
Other Revenue Growth--

Frequently Asked Questions

Growth & Financials

Sutro Biopharma, Inc. (STRO) reported $105.6M in revenue for fiscal year 2024. This represents a 77% increase from $59.7M in 2016.

Sutro Biopharma, Inc. (STRO) saw revenue decline by 59.6% over the past year.

Sutro Biopharma, Inc. (STRO) reported a net loss of $216.8M for fiscal year 2024.

Dividend & Returns

Sutro Biopharma, Inc. (STRO) has a return on equity (ROE) of -234.2%. Negative ROE indicates the company is unprofitable.

Sutro Biopharma, Inc. (STRO) had negative free cash flow of $225.1M in fiscal year 2024, likely due to heavy capital investments.

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