BLLN vs SHC vs ADPT Stock Comparison

BillionToOne, Sotera Health and Adaptive Biotechnologies Prices as of Oct 27, 2026 Peers: Industry group
BLLN BillionToOne, Inc.
$114.07 -7.3% 1M
Market cap
$5.34B
P/E
176.1x
Revenue (TTM)
$397.41M
Div. yield
–
Diagnostic Labs Healthcare
3 wins
SHC Sotera Health Co
$18.49 +0.8% 1M +10.7% 1Y
Market cap
$5.28B
P/E
32.3x
Revenue (TTM)
$1.22B
Div. yield
–
Diagnostic Labs Healthcare
6 wins

Head to Head

11 decided of 12

Sotera Health leads on 6 of the 12 questions below (Sotera Health 6, BillionToOne 3, Adaptive Biotechnologies 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBLLNSHCADPTLeader
Larger companyMarket capitalisation $5.34B $5.28B $4.40B BLLN
Cheaper on earningsLower P/E, profitable companies only 176.1x 32.3x -69.2x SHC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 150.1x 20.1x — SHC
Faster revenue growthRevenue growth, trailing twelve months +90.1% +8.1% +50.1% BLLN
More profitableNet margin, trailing twelve months 7.6% 13.4% -20.7% SHC
Better return on capitalReturn on invested capital 7.0% 9.1% — SHC
Less leveragedLower net debt / EBITDA -9.1x 3.3x — BLLN
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months — +10.7% +61.6% ADPT
Better 5-year returnAnnualised price return, 5 years — -5.8%/yr -4.4%/yr ADPT
Less volatileAnnualised volatility, 1 year 94.5% 28.4% 67.8% SHC
Higher overall scoreMean of the five percentile scores vs peers 57/100 59/100 43/100 SHC

Percentile Scorecard

BLLNSHCADPT

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

AxisBLLNSHCADPT
Valuation 20 #74 of 92 52 #45 of 92 15 #78 of 92
Growth 100 #1 of 87 66 #30 of 87 85 #14 of 87
Profitability 60 #35 of 86 82 #16 of 86 24 #66 of 86
Financial Health 97 #4 of 97 37 #62 of 97 66 #34 of 97
Shareholder Returns 7 #52 of 56 – 24 #43 of 56
Overall 57 59 43
  • BLLN ranked among 102 companies in Healthcare Providers
  • SHC ranked among 102 companies in Healthcare Providers
  • ADPT ranked among 102 companies in Healthcare Providers

Price Performance

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

Returns

PeriodBLLNSHCADPTSPY
1 month -7.3%+0.8%-6.0% -0.2%
3 months -14.6%+4.1%+22.8% +3.9%
6 months +45.8%+19.0%+97.0% +8.2%
Year to date +39.4%+4.8%+70.3% +12.9%
1 year —+10.7%+61.6% +12.3%
3 years —+47.8%+550.8% +87.4%
3 years, per year —+13.9%+86.8% +23.3%
5 years —-25.6%-19.9% +67.9%
5 years, per year —-5.8%-4.4% +10.9%

Risk

MeasureBLLNSHCADPTSPY
Volatility, 1Y 94.5%28.4%67.8% 12.7%
Downside volatility, 1Y 107.8%27.0%63.7% 12.7%
Beta vs S&P 500, 1Y 1.661.011.67 1.00
Return / volatility, 1Y —0.380.91 0.97
Max drawdown, 5Y -50.8%-78.2%-93.6% -25.4%
From 52-week high -23.9%-5.5%-7.3% -1.2%
52-week high $149.97$19.57$29.84 $779.14
52-week low $64.03$13.13$12.41 $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.

MultipleBLLNSHCADPT
P/E now vs peer median 176.1xmedian 24.6x 32.3xmedian 24.6x -69.2xmedian 24.6x
P/S now vs peer median 13.4xmedian 1.6x 4.3xmedian 1.6x 14.3xmedian 1.6x
EV/EBITDA now vs peer median 97.2xmedian 14.6x 13.0xmedian 14.6x -188.5xmedian 14.6x
P/FCF now vs peer median 161.0xmedian 21.6x 46.8xmedian 21.6x -183.1xmedian 21.6x
P/B now vs peer median 10.0xmedian 3.2x 7.9xmedian 3.2x 29.2xmedian 3.2x
PEG now vs peer median —median 0.66 0.86median 0.66 -2.10median 0.66

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 monthsBLLNSHCADPT
Revenue $397.41M $1.22B $308.08M
Gross profit $283.22M $668.51M $232.83M
Operating income $43.30M $411.34M -$37.46M
Net income $37.71M $163.48M -$63.99M
Free cash flow $33.18M $112.70M -$24.03M
R&D $59.21M – $88.21M
EPS (diluted) $0.55 $0.57 $-0.40
Cash & equivalents $548.63M $356.72M $169.87M
Total debt $91.03M $2.14B –
Shares (diluted) 54.46M 288.15M 159.86M
Enterprise value $3.56B $3.96B $3.40B

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
MetricBLLNSHCADPT
P/E 176.1x 32.3x -69.2x
P/FCF 161.0x 46.8x -183.1x
P/Operating cash flow 117.8x 18.1x -209.4x
P/S 13.4x 4.3x 14.3x
P/B 10.0x 7.9x 29.2x
P/Tangible book 10.0x 13.3x 29.4x
EV/EBITDA 97.2x 13.0x -188.5x
EV/EBIT 112.8x 17.2x -108.3x
EV/Revenue 12.3x 5.8x 13.2x
EV/FCF 147.2x 62.6x -168.7x
EV/Operating cash flow 107.7x 24.2x -193.0x
PEG (3Y EPS CAGR) – 0.86 -2.10

Growth

14 metrics
MetricBLLNSHCADPT
Revenue growth (1Y) 90.1% 8.1% 50.1%
Revenue CAGR (3Y) – 7.6% 17.6%
Gross profit growth (1Y) 122.4% 7.1% 71.8%
Gross profit CAGR (3Y) – 8.1% 24.2%
Operating income growth (1Y) 253.2% 21.8% 69.1%
Operating income CAGR (3Y) – 23.2% 41.8%
Net income growth (1Y) 223.2% 580.5% 47.2%
Net income CAGR (3Y) – 37.7% 30.5%
EPS growth (1Y) 118.7% 574.9% 49.9%
EPS CAGR (3Y) – 37.5% 32.9%
Operating cash flow growth (1Y) – 9.8% 73.9%
Operating cash flow CAGR (3Y) – 61.3% 48.6%
Free cash flow growth (1Y) – 0.0% 71.0%
Free cash flow CAGR (3Y) – 32.6% 47.9%

Profitability

14 metrics
MetricBLLNSHCADPT
Gross margin 71.3% 55.0% 75.6%
EBITDA margin 12.6% 44.6% -7.0%
Operating margin 10.9% 33.8% -12.2%
Pretax margin 9.5% 21.7% -13.1%
Net margin 7.6% 13.4% -20.7%
FCF margin 8.3% 9.3% -7.8%
Operating cash flow margin 11.4% 24.0% -6.8%
Return on equity 7.2% 25.4% -34.1%
Return on assets 5.3% 5.0% -11.2%
Return on invested capital 7.0% 9.1% –
Return on capital employed 6.6% 13.5% -7.7%
Asset turnover 0.6x 0.4x 0.5x
Cash conversion (OCF / net income) 1.2x 1.8x 0.3x
Stock comp / revenue 6.4% 3.1% 15.9%

Financial Health

11 metrics
MetricBLLNSHCADPT
Debt / assets 12.5% 64.7% –
Debt / equity 0.2x 3.2x –
Net debt / EBITDA -9.1x 3.3x –
Debt / FCF 2.7x 19.0x –
Liabilities / assets 26.4% 79.9% 76.5%
Equity / assets 73.6% 20.1% 23.5%
Interest coverage 1,056x – -3.3x
Current ratio 11.7x 2.8x 4.8x
Quick ratio 11.2x 2.4x 4.5x
Cash ratio 9.8x 1.5x 3.9x
Altman Z-score 17.86 1.94 3.19

Shareholder Returns

7 metrics
MetricBLLNSHCADPT
Dividend yield – – –
Net buyback yield -5.7% – -0.5%
Shareholder yield -5.7% – -0.5%
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.

ConsensusBLLNSHCADPT
Forward P/E 150.1xFY2026 20.1xFY2026 –
EPS, next fiscal year $0.76FY2026 $0.92FY2026 $-0.57FY2026
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 $1.33BFY2026 $284.03MFY2026
Revenue growth, next FY +57.9%FY2026 +14.8%FY2026 +2.5%FY2026
Revenue growth, the year after +27.1% -4.2% +33.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBLLNSHCADPT
Held by institutions 32.6% 100.0% 97.2%
Institutions holding 155 316 299
Change in shares held, QoQ +34.7% +5.9% +2.5%
Institutions buying 127 220 160
Institutions selling 13 64 87
Buyers to sellers 9.77 3.44 1.84

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.

BLLNSHCADPT
BLLN 1.00 0.14 0.36
SHC 0.14 1.00 0.41
ADPT 0.36 0.41 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BLLN, SHC and ADPT?

BillionToOne (BLLN) is the largest by market capitalisation: BillionToOne (BLLN) $5.34B, Sotera Health (SHC) $5.28B, Adaptive Biotechnologies (ADPT) $4.40B.

Which stock is cheaper, BLLN, SHC and ADPT?

Sotera Health (SHC) trades on the lowest price-to-earnings ratio (BillionToOne (BLLN) 176.1x, Sotera Health (SHC) 32.3x, Adaptive Biotechnologies (ADPT) -69.2x). On next year's consensus earnings, Sotera Health (SHC) is cheapest (BillionToOne (BLLN) 150.1x, Sotera Health (SHC) 20.1x). 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%, Sotera Health (SHC) +8.1%, Adaptive Biotechnologies (ADPT) +50.1%.

Which company is more profitable?

Sotera Health (SHC) has the highest net margin (BillionToOne (BLLN) 7.6%, Sotera Health (SHC) 13.4%, Adaptive Biotechnologies (ADPT) -20.7%). On return on invested capital, Sotera Health (SHC) leads (BillionToOne (BLLN) 7.0%, Sotera Health (SHC) 9.1%).

Which stock has performed better?

Over the past year Adaptive Biotechnologies (ADPT) returned the most: Sotera Health (SHC) +10.7%, Adaptive Biotechnologies (ADPT) +61.6%. Over five years, Adaptive Biotechnologies (ADPT) compounded fastest (Sotera Health (SHC) -5.8%/yr, Adaptive Biotechnologies (ADPT) -4.4%/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) 94.5%, Sotera Health (SHC) 28.4%, Adaptive Biotechnologies (ADPT) 67.8%). Volatility measures how widely the price swings, not the risk of the business.

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

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 6. 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.