BLLN vs BNR vs GH Stock Comparison

BillionToOne, Burning Rock Biotech and Guardant Health Prices as of Nov 4, 2026 Peers: Industry group
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BLLN BillionToOne, Inc.
$113.89 +4.4% 1M
Market cap
$5.17B
P/E
112.5x
Revenue (TTM)
$436.87M
Div. yield
–
Diagnostic Labs Healthcare
4 wins
BNR Burning Rock Biotech Ltd
$12.83 -19.3% 1M +13.4% 1Y
Market cap
$119.23M
P/E
–
Revenue (TTM)
$72.00M
Div. yield
–
Diagnostic Labs Healthcare
1 win
GH Guardant Health, Inc.
$168.58 -10.0% 1M +71.8% 1Y
Market cap
$20.93B
P/E
–
Revenue (TTM)
$1.18B
Div. yield
–
Diagnostic Labs Healthcare
4 wins

Head to Head

9 decided of 12

Guardant Health leads on 4 of the 12 questions below (Guardant Health 4, BillionToOne 4, Burning Rock Biotech 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBLLNBNRGHLeader
Larger companyMarket capitalisation $5.17B $119.23M $20.93B GH
Cheaper on earningsLower P/E, profitable companies only 112.5x -12.2x -46.2x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 149.9x 3.8x — BNR
Faster revenue growthRevenue growth, trailing twelve months +71.9% -3.9% +42.7% BLLN
More profitableNet margin, trailing twelve months 10.5% -13.6% -38.3% BLLN
Better return on capitalReturn on invested capital 6.9% -12.3% — BLLN
Less leveragedLower net debt / EBITDA -9.1x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months — +13.4% +71.8% GH
Better 5-year returnAnnualised price return, 5 years — -38.6%/yr +8.9%/yr GH
Less volatileAnnualised volatility, 1 year 93.4% 128.9% 52.0% GH
Higher overall scoreMean of the five percentile scores vs peers 57/100 54/100 28/100 BLLN

Percentile Scorecard

BLLNBNRGH

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBLLNBNRGH
Valuation 21 #75 of 95 38 #59 of 95 17 #79 of 95
Growth 100 #1 of 88 72 #25 of 88 45 #49 of 88
Profitability 58 #37 of 87 27 #64 of 87 7 #81 of 87
Financial Health 98 #3 of 100 77 #24 of 100 58 #43 of 100
Shareholder Returns 7 #54 of 58 – 14 #50 of 58
Overall 57 54 28
  • BLLN ranked among 102 companies in Healthcare Providers
  • BNR ranked among 102 companies in Healthcare Providers
  • GH ranked among 102 companies in Healthcare Providers

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBLLNBNRGHSPY
1 month +4.4%-19.3%-10.0% -1.0%
3 months -24.1%+44.5%+3.3% -0.4%
6 months +39.9%-24.6%+82.7% +4.5%
Year to date +39.2%-36.3%+65.0% +12.4%
1 year —+13.4%+71.8% +13.6%
3 years —+30.9%+488.0% +76.4%
3 years, per year —+9.4%+80.6% +20.8%
5 years —-91.3%+53.0% +63.7%
5 years, per year —-38.6%+8.9% +10.4%

Risk

MeasureBLLNBNRGHSPY
Volatility, 1Y 93.4%128.9%52.0% 12.8%
Downside volatility, 1Y 106.5%125.7%49.5% 12.7%
Beta vs S&P 500, 1Y 1.652.111.19 1.00
Return / volatility, 1Y —0.101.38 1.06
Max drawdown, 5Y -50.8%-98.6%-85.4% -25.4%
From 52-week high -24.1%-68.8%-10.0% -1.6%
52-week high $149.97$41.06$187.22 $779.14
52-week low $64.03$7.04$78.60 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBLLNBNRGH
P/E now vs peer median 117.2xmedian 25.6x -11.7xmedian 25.6x -49.4xmedian 25.6x
P/S now vs peer median 12.4xmedian 1.6x 1.9xmedian 1.6x 19.0xmedian 1.6x
EV/EBITDA now vs peer median 95.4xmedian 16.0x —median 16.0x -49.7xmedian 16.0x
P/FCF now vs peer median 160.0xmedian 21.6x -69.7xmedian 21.6x -93.6xmedian 21.6x
P/B now vs peer median 9.6xmedian 3.4x 1.8xmedian 3.4x -101.1xmedian 3.4x
PEG now vs peer median —median 0.74 -0.21median 0.74 -4.97median 0.74

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBLLNBNRGH
Revenue $436.87M $72.00M $1.18B
Gross profit $311.95M $53.66M $769.16M
Operating income $44.69M -$9.36M -$470.26M
Net income $49.39M -$11.22M -$453.44M
Free cash flow $33.91M -$1.93M -$240.72M
R&D $66.47M $19.39M $375.79M
EPS (diluted) $0.86 $-0.92 $-3.41
Cash & equivalents $561.51M $61.43M $1.05B
Total debt $89.00M $265.00K –
Shares (diluted) 53.73M 10.63M 132.87M
Enterprise value $3.02B -$140.41M $16.99B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBLLNBNRGH
P/E 117.2x -11.7x -49.4x
P/FCF 160.0x -69.7x -93.6x
P/Operating cash flow 113.2x -69.7x -121.6x
P/S 12.4x 1.9x 19.0x
P/B 9.6x 1.8x -101.1x
P/Tangible book 9.6x 1.8x -90.8x
EV/EBITDA 95.4x – -49.7x
EV/EBIT 110.8x -7.9x -45.7x
EV/Revenue 11.3x 1.0x 18.1x
EV/FCF 146.1x -38.1x -89.2x
EV/Operating cash flow 103.4x -38.1x -115.9x
PEG (3Y EPS CAGR) – -0.21 -4.97

Growth

14 metrics
MetricBLLNBNRGH
Revenue growth (1Y) 71.9% -3.9% 42.7%
Revenue CAGR (3Y) – -4.7% 32.4%
Gross profit growth (1Y) 88.4% -0.7% 47.7%
Gross profit CAGR (3Y) – -2.7% –
Operating income growth (1Y) 844.7% 54.6% -2.1%
Operating income CAGR (3Y) – 56.1% 4.8%
Net income growth (1Y) 593.9% 43.6% -9.6%
Net income CAGR (3Y) – 52.7% 3.7%
EPS growth (1Y) 193.7% 51.7% -2.4%
EPS CAGR (3Y) – 55.6% 9.9%
Operating cash flow growth (1Y) 794.7% 92.5% 22.4%
Operating cash flow CAGR (3Y) – 67.4% 18.1%
Free cash flow growth (1Y) 934.5% 86.5% 11.4%
Free cash flow CAGR (3Y) – 67.4% 14.4%

Profitability

14 metrics
MetricBLLNBNRGH
Gross margin 71.4% 74.5% 65.0%
EBITDA margin 11.9% – -36.5%
Operating margin 10.2% -13.0% -39.7%
Pretax margin 11.4% -13.3% -38.4%
Net margin 10.5% -13.6% -38.3%
FCF margin 7.8% -2.7% -20.3%
Operating cash flow margin 11.0% -2.7% -15.7%
Return on equity 9.0% -15.1% –
Return on assets 6.6% -10.0% -23.7%
Return on invested capital 6.9% -12.3% –
Return on capital employed 6.5% -11.7% -29.9%
Asset turnover 0.6x 0.6x 0.6x
Cash conversion (OCF / net income) 1.0x 0.2x 0.4x
Stock comp / revenue 7.0% – 16.2%

Financial Health

11 metrics
MetricBLLNBNRGH
Debt / assets 11.7% 0.2% –
Debt / equity 0.2x 0.0x –
Net debt / EBITDA -9.1x – –
Debt / FCF 2.6x -0.1x –
Liabilities / assets 25.5% 33.8% 111.7%
Equity / assets 74.5% 66.2% -11.7%
Interest coverage 1,655x -1,146x -97.6x
Current ratio 11.2x 3.1x 4.0x
Quick ratio 10.7x 2.8x 3.5x
Cash ratio 9.3x 1.9x 3.1x
Altman Z-score 18.11 -4.75 4.42

Shareholder Returns

7 metrics
MetricBLLNBNRGH
Dividend yield – – –
Net buyback yield -5.6% – -1.8%
Shareholder yield -5.6% – -1.8%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBLLNBNRGH
Forward P/E 149.9xFY2026 3.8xFY2026 –
EPS, next fiscal year $0.76FY2026 $3.38FY2026 $-3.33FY2026
EPS growth, next FY +442.9%FY2026 – –
EPS growth, the year after +22.4% – –
Revenue, next fiscal year $481.76MFY2026 $171.24MFY2026 $1.42BFY2026
Revenue growth, next FY +57.9%FY2026 +121.9%FY2026 +44.5%FY2026
Revenue growth, the year after +27.1% – +27.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBLLNBNRGH
Held by institutions 32.6% 16.5% 100.0%
Institutions holding 155 17 597
Change in shares held, QoQ +34.7% +1.5% -2.5%
Institutions buying 127 9 356
Institutions selling 13 4 180
Buyers to sellers 9.77 2.25 1.98

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BLLNBNRGH
BLLN 1.00 0.09 0.30
BNR 0.09 1.00 0.04
GH 0.30 0.04 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, BLLN, BNR and GH?

Guardant Health (GH) is the largest by market capitalisation: BillionToOne (BLLN) $5.17B, Burning Rock Biotech (BNR) $119.23M, Guardant Health (GH) $20.93B.

Which company is growing faster?

BillionToOne (BLLN) grew revenue fastest over the trailing twelve months: BillionToOne (BLLN) +71.9%, Burning Rock Biotech (BNR) -3.9%, Guardant Health (GH) +42.7%.

Which company is more profitable?

BillionToOne (BLLN) has the highest net margin (BillionToOne (BLLN) 10.5%, Burning Rock Biotech (BNR) -13.6%, Guardant Health (GH) -38.3%). On return on invested capital, BillionToOne (BLLN) leads (BillionToOne (BLLN) 6.9%, Burning Rock Biotech (BNR) -12.3%).

Which stock has performed better?

Over the past year Guardant Health (GH) returned the most: Burning Rock Biotech (BNR) +13.4%, Guardant Health (GH) +71.8%. Over five years, Guardant Health (GH) compounded fastest (Burning Rock Biotech (BNR) -38.6%/yr, Guardant Health (GH) +8.9%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Guardant Health (GH) has been the steadiest (BillionToOne (BLLN) 93.4%, Burning Rock Biotech (BNR) 128.9%, Guardant Health (GH) 52.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BLLN, BNR and GH?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Guardant Health (GH) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.