BLLN vs BNR vs SHC Stock Comparison

BillionToOne, Burning Rock Biotech and Sotera Health Prices as of Oct 28, 2026 Peers: Industry group
BLLN BillionToOne, Inc.
$114.00 -6.3% 1M
Market cap
$5.32B
P/E
176.9x
Revenue (TTM)
$397.41M
Div. yield
–
Diagnostic Labs Healthcare
2 wins
BNR Burning Rock Biotech Ltd
$12.21 -30.7% 1M -0.4% 1Y
Market cap
$100.24M
P/E
–
Revenue (TTM)
$72.00M
Div. yield
–
Diagnostic Labs Healthcare
1 win
SHC Sotera Health Co
$18.65 +1.1% 1M +12.6% 1Y
Market cap
$5.33B
P/E
32.6x
Revenue (TTM)
$1.22B
Div. yield
–
Diagnostic Labs Healthcare
8 wins

Head to Head

11 decided of 12

Sotera Health leads on 8 of the 12 questions below (Sotera Health 8, BillionToOne 2, Burning Rock Biotech 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBLLNBNRSHCLeader
Larger companyMarket capitalisation $5.32B $100.24M $5.33B SHC
Cheaper on earningsLower P/E, profitable companies only 176.9x -10.2x 32.6x SHC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 150.0x 3.6x 20.3x BNR
Faster revenue growthRevenue growth, trailing twelve months +90.1% -3.9% +8.1% BLLN
More profitableNet margin, trailing twelve months 7.6% -13.6% 13.4% SHC
Better return on capitalReturn on invested capital 7.0% -12.3% 9.1% SHC
Less leveragedLower net debt / EBITDA -9.1x — 3.3x BLLN
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months — -0.4% +12.6% SHC
Better 5-year returnAnnualised price return, 5 years — -38.7%/yr -5.5%/yr SHC
Less volatileAnnualised volatility, 1 year 94.3% 127.8% 28.4% SHC
Higher overall scoreMean of the five percentile scores vs peers 57/100 56/100 59/100 SHC

Percentile Scorecard

BLLNBNRSHC

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

AxisBLLNBNRSHC
Valuation 21 #73 of 92 37 #58 of 92 52 #45 of 92
Growth 100 #1 of 87 72 #25 of 87 67 #29 of 87
Profitability 61 #34 of 86 29 #61 of 86 82 #16 of 86
Financial Health 96 #5 of 97 83 #17 of 97 35 #63 of 97
Shareholder Returns 7 #51 of 55 – –
Overall 57 56 59
  • BLLN ranked among 102 companies in Healthcare Providers
  • BNR ranked among 102 companies in Healthcare Providers
  • SHC ranked among 102 companies in Healthcare Providers

Price Performance

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

Returns

PeriodBLLNBNRSHCSPY
1 month -6.3%-30.7%+1.1% +0.9%
3 months -14.0%+38.4%+6.4% +5.9%
6 months +54.7%-24.8%+20.7% +8.5%
Year to date +39.3%-39.4%+5.7% +13.3%
1 year —-0.4%+12.6% +12.4%
3 years —+15.7%+49.1% +88.1%
3 years, per year —+5.0%+14.2% +23.5%
5 years —-91.3%-24.5% +68.2%
5 years, per year —-38.7%-5.5% +11.0%

Risk

MeasureBLLNBNRSHCSPY
Volatility, 1Y 94.3%127.8%28.4% 12.7%
Downside volatility, 1Y 107.3%125.5%27.1% 12.7%
Beta vs S&P 500, 1Y 1.661.991.01 1.00
Return / volatility, 1Y —0.000.44 0.98
Max drawdown, 5Y -50.8%-98.6%-78.2% -25.4%
From 52-week high -24.0%-70.3%-4.7% -0.9%
52-week high $149.97$41.06$19.57 $779.14
52-week low $64.03$7.04$13.13 $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.

MultipleBLLNBNRSHC
P/E now vs peer median 176.0xmedian 25.6x -11.1xmedian 25.6x 32.6xmedian 25.6x
P/S now vs peer median 13.4xmedian 1.6x 1.8xmedian 1.6x 4.4xmedian 1.6x
EV/EBITDA now vs peer median 97.1xmedian 16.3x —median 16.3x 13.1xmedian 16.3x
P/FCF now vs peer median 160.9xmedian 21.3x -66.4xmedian 21.3x 47.2xmedian 21.3x
P/B now vs peer median 9.9xmedian 3.3x 1.8xmedian 3.3x 8.0xmedian 3.3x
PEG now vs peer median —median 0.68 -0.20median 0.68 0.87median 0.68

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 monthsBLLNBNRSHC
Revenue $397.41M $72.00M $1.22B
Gross profit $283.22M $53.66M $668.51M
Operating income $43.30M -$9.36M $411.34M
Net income $37.71M -$11.22M $163.48M
Free cash flow $33.18M -$1.93M $112.70M
R&D $59.21M $19.39M –
EPS (diluted) $0.55 $-0.92 $0.57
Cash & equivalents $548.63M $61.43M $356.72M
Total debt $91.03M $1.09M $2.14B
Shares (diluted) 54.46M 10.63M 288.15M
Enterprise value $3.54B -$159.41M $4.02B

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
MetricBLLNBNRSHC
P/E 176.0x -11.1x 32.6x
P/FCF 160.9x -66.4x 47.2x
P/Operating cash flow 117.7x -66.4x 18.2x
P/S 13.4x 1.8x 4.4x
P/B 9.9x 1.8x 8.0x
P/Tangible book 9.9x 1.8x 13.5x
EV/EBITDA 97.1x – 13.1x
EV/EBIT 112.7x -7.2x 17.3x
EV/Revenue 12.3x 0.9x 5.8x
EV/FCF 147.1x -34.8x 63.0x
EV/Operating cash flow 107.6x -34.8x 24.3x
PEG (3Y EPS CAGR) – -0.20 0.87

Growth

14 metrics
MetricBLLNBNRSHC
Revenue growth (1Y) 90.1% -3.9% 8.1%
Revenue CAGR (3Y) – -4.7% 7.6%
Gross profit growth (1Y) 122.4% -0.7% 7.1%
Gross profit CAGR (3Y) – -2.7% 8.1%
Operating income growth (1Y) 253.2% 54.6% 21.8%
Operating income CAGR (3Y) – 56.1% 23.2%
Net income growth (1Y) 223.2% 43.6% 580.5%
Net income CAGR (3Y) – 52.7% 37.7%
EPS growth (1Y) 118.7% 51.7% 574.9%
EPS CAGR (3Y) – 55.6% 37.5%
Operating cash flow growth (1Y) – 92.5% 9.8%
Operating cash flow CAGR (3Y) – 67.4% 61.3%
Free cash flow growth (1Y) – 86.5% 0.0%
Free cash flow CAGR (3Y) – 67.4% 32.6%

Profitability

14 metrics
MetricBLLNBNRSHC
Gross margin 71.3% 74.5% 55.0%
EBITDA margin 12.6% – 44.6%
Operating margin 10.9% -13.0% 33.8%
Pretax margin 9.5% -13.3% 21.7%
Net margin 7.6% -13.6% 13.4%
FCF margin 8.3% -2.7% 9.3%
Operating cash flow margin 11.4% -2.7% 24.0%
Return on equity 7.2% -15.1% 25.4%
Return on assets 5.3% -10.0% 5.0%
Return on invested capital 7.0% -12.3% 9.1%
Return on capital employed 6.6% -11.7% 13.5%
Asset turnover 0.6x 0.6x 0.4x
Cash conversion (OCF / net income) 1.2x 0.2x 1.8x
Stock comp / revenue 6.4% – 3.1%

Financial Health

11 metrics
MetricBLLNBNRSHC
Debt / assets 12.5% 0.2% 64.7%
Debt / equity 0.2x 0.0x 3.2x
Net debt / EBITDA -9.1x – 3.3x
Debt / FCF 2.7x -0.1x 19.0x
Liabilities / assets 26.4% 33.8% 79.9%
Equity / assets 73.6% 66.2% 20.1%
Interest coverage 1,056x – –
Current ratio 11.7x 3.1x 2.8x
Quick ratio 11.2x 2.8x 2.4x
Cash ratio 9.8x 1.9x 1.5x
Altman Z-score 17.85 -4.86 1.95

Shareholder Returns

7 metrics
MetricBLLNBNRSHC
Dividend yield – – –
Net buyback yield -5.7% – –
Shareholder yield -5.7% – –
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.

ConsensusBLLNBNRSHC
Forward P/E 150.0xFY2026 3.6xFY2026 20.3xFY2026
EPS, next fiscal year $0.76FY2026 $3.38FY2026 $0.92FY2026
EPS growth, next FY +442.9%FY2026 – +7.0%FY2026
EPS growth, the year after +22.4% – +21.7%
Revenue, next fiscal year $481.76MFY2026 $171.24MFY2026 $1.33BFY2026
Revenue growth, next FY +57.9%FY2026 +121.9%FY2026 +14.8%FY2026
Revenue growth, the year after +27.1% – -4.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBLLNBNRSHC
Held by institutions 36.1% 16.5% 100.0%
Institutions holding 155 17 316
Change in shares held, QoQ +34.7% +1.5% +5.9%
Institutions buying 127 9 220
Institutions selling 13 4 64
Buyers to sellers 9.77 2.25 3.44

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.

BLLNBNRSHC
BLLN 1.00 0.08 0.14
BNR 0.08 1.00 0.16
SHC 0.14 0.16 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BLLN, BNR and SHC?

Sotera Health (SHC) is the largest by market capitalisation: BillionToOne (BLLN) $5.32B, Burning Rock Biotech (BNR) $100.24M, Sotera Health (SHC) $5.33B.

Which stock is cheaper, BLLN, BNR and SHC?

Sotera Health (SHC) trades on the lowest price-to-earnings ratio (BillionToOne (BLLN) 176.9x, Burning Rock Biotech (BNR) -10.2x, Sotera Health (SHC) 32.6x). On next year's consensus earnings, Burning Rock Biotech (BNR) is cheapest (BillionToOne (BLLN) 150.0x, Burning Rock Biotech (BNR) 3.6x, Sotera Health (SHC) 20.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

BillionToOne (BLLN) grew revenue fastest over the trailing twelve months: BillionToOne (BLLN) +90.1%, Burning Rock Biotech (BNR) -3.9%, Sotera Health (SHC) +8.1%.

Which company is more profitable?

Sotera Health (SHC) has the highest net margin (BillionToOne (BLLN) 7.6%, Burning Rock Biotech (BNR) -13.6%, Sotera Health (SHC) 13.4%). On return on invested capital, Sotera Health (SHC) leads (BillionToOne (BLLN) 7.0%, Burning Rock Biotech (BNR) -12.3%, Sotera Health (SHC) 9.1%).

Which stock has performed better?

Over the past year Sotera Health (SHC) returned the most: Burning Rock Biotech (BNR) -0.4%, Sotera Health (SHC) +12.6%. Over five years, Sotera Health (SHC) compounded fastest (Burning Rock Biotech (BNR) -38.7%/yr, Sotera Health (SHC) -5.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Sotera Health (SHC) has been the steadiest (BillionToOne (BLLN) 94.3%, Burning Rock Biotech (BNR) 127.8%, Sotera Health (SHC) 28.4%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Sotera Health (SHC) leads on 8. 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.