CDXS vs A vs QGEN Stock Comparison

Codexis, Agilent Technologies and Qiagen Prices as of Nov 2, 2026 Peers: Industry group
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CDXS Codexis, Inc.
$1.04 -23.5% 1M -56.1% 1Y
Market cap
$95.04M
P/E
–
Revenue (TTM)
$77.68M
Div. yield
–
Life Sciences Tools Healthcare
2 wins
A Agilent Technologies, Inc.
$172.02 +2.6% 1M +17.5% 1Y
Market cap
$48.50B
P/E
33.7x
Revenue (TTM)
$7.37B
Div. yield
0.60%
Life Sciences Tools Healthcare
6 wins
QGEN Qiagen N.V.
$50.33 +12.5% 1M +2.1% 1Y
Market cap
$10.92B
P/E
26.7x
Revenue (TTM)
$2.10B
Div. yield
5.25%
Life Sciences Tools Healthcare
4 wins

Head to Head

12 decided of 12

Agilent Technologies leads on 6 of the 12 questions below (Agilent Technologies 6, Qiagen 4, Codexis 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCDXSAQGENLeader
Larger companyMarket capitalisation $95.04M $48.50B $10.92B A
Cheaper on earningsLower P/E, profitable companies only -3.1x 33.7x 26.7x QGEN
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 26.3x 21.4x QGEN
Faster revenue growthRevenue growth, trailing twelve months +35.9% +8.6% +3.0% CDXS
More profitableNet margin, trailing twelve months -39.6% 19.5% 19.5% A
Better return on capitalReturn on invested capital -35.1% 13.1% 7.9% A
Less leveragedLower net debt / EBITDA 0.7x 1.1x 1.3x CDXS
Higher dividend yieldTrailing dividend yield — 0.60% 5.25% QGEN
Better 1-year returnPrice return, last 12 months -56.1% +17.5% +2.1% A
Better 5-year returnAnnualised price return, 5 years -50.2%/yr +1.7%/yr -4.0%/yr A
Less volatileAnnualised volatility, 1 year 87.7% 32.6% 35.6% A
Higher overall scoreMean of the five percentile scores vs peers 44/100 62/100 71/100 QGEN

Percentile Scorecard

CDXSAQGEN

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

AxisCDXSAQGEN
Valuation 43 #131 of 227 57 #98 of 227 74 #60 of 227
Growth 66 #75 of 220 36 #141 of 220 29 #156 of 220
Profitability 43 #120 of 209 91 #19 of 209 92 #17 of 209
Financial Health 30 #169 of 240 56 #107 of 240 63 #89 of 240
Shareholder Returns 39 #84 of 138 68 #45 of 138 94 #9 of 138
Overall 44 62 71
  • CDXS ranked among 247 companies in Medical Devices and Diagnostics
  • A ranked among 247 companies in Medical Devices and Diagnostics
  • QGEN ranked among 247 companies in Medical Devices and Diagnostics

Price Performance

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

Returns

PeriodCDXSAQGENSPY
1 month -23.5%+2.6%+12.5% -2.3%
3 months -28.3%+23.0%+18.9% -0.7%
6 months -58.6%+53.3%+48.2% +4.8%
Year to date -36.2%+26.4%+6.3% +10.3%
1 year -56.1%+17.5%+2.1% +10.3%
3 years -46.1%+57.8%+15.0% +73.0%
3 years, per year -18.6%+16.4%+4.8% +20.1%
5 years -96.9%+8.7%-18.5% +61.9%
5 years, per year -50.2%+1.7%-4.0% +10.1%
10 years -76.6%+297.6%+81.4% +258.6%
10 years, per year -13.5%+14.8%+6.1% +13.6%

Risk

MeasureCDXSAQGENSPY
Volatility, 1Y 87.7%32.6%35.6% 12.8%
Downside volatility, 1Y 92.7%27.9%30.3% 12.8%
Beta vs S&P 500, 1Y 1.880.910.45 1.00
Return / volatility, 1Y -0.640.540.06 0.80
Max drawdown, 5Y -97.7%-39.6%-48.2% -25.4%
From 52-week high -63.5%-5.2%-9.6% -3.5%
52-week high $2.85$181.54$55.66 $779.14
52-week low $0.98$110.24$32.63 $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.

MultipleCDXSAQGEN
P/E now vs peer median -3.1xmedian 28.4x 33.7xmedian 28.4x 26.7xmedian 28.4x
P/S now vs peer median 1.2xmedian 3.0x 6.6xmedian 3.0x 5.2xmedian 3.0x
EV/EBITDA now vs peer median -3.9xmedian 18.0x 26.5xmedian 18.0x 18.1xmedian 18.0x
P/FCF now vs peer median -7.8xmedian 25.0x 38.3xmedian 25.0x 11.0xmedian 25.0x
P/B now vs peer median 2.9xmedian 2.3x 6.6xmedian 2.3x 3.3xmedian 2.3x
PEG now vs peer median -0.12median 0.93 3.43median 0.93 6.54median 0.93

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 monthsCDXSAQGEN
Revenue $77.68M $7.37B $2.10B
Gross profit $67.60M $3.97B $1.31B
Operating income -$27.66M $1.64B $445.43M
Net income -$30.72M $1.44B $409.32M
Free cash flow -$12.18M $1.27B $991.33M
R&D $48.74M $485.00M $194.67M
EPS (diluted) $-0.34 $5.09 $1.87
Cash & equivalents $27.17M $1.76B $768.50M
Total debt $40.88M $3.95B $1.64B
Shares (diluted) 91.05M 283.00M 218.88M
Enterprise value -$162.01M $41.39B $6.69B

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
MetricCDXSAQGEN
P/E -3.1x 33.7x 26.7x
P/FCF -7.8x 38.3x 11.0x
P/Operating cash flow -9.1x 30.1x 16.7x
P/S 1.2x 6.6x 5.2x
P/B 2.9x 6.6x 3.3x
P/Tangible book 2.9x 7.5x 3.6x
EV/EBITDA -3.9x 26.5x 18.1x
EV/EBIT -2.9x 30.9x 26.4x
EV/Revenue 1.0x 6.9x 5.6x
EV/FCF -6.7x 40.0x 11.9x
EV/Operating cash flow -7.8x 31.5x 18.0x
PEG (3Y EPS CAGR) -0.12 3.43 6.54

Growth

14 metrics
MetricCDXSAQGEN
Revenue growth (1Y) 35.9% 8.6% 3.0%
Revenue CAGR (3Y) -7.8% 1.8% 2.0%
Gross profit growth (1Y) 52.4% 11.2% 1.7%
Gross profit CAGR (3Y) -2.6% 3.7% 1.3%
Operating income growth (1Y) 51.7% 13.5% -4.9%
Operating income CAGR (3Y) 22.8% 5.1% 3.3%
Net income growth (1Y) 52.7% 18.0% 143.9%
Net income CAGR (3Y) 18.5% 8.3% 6.7%
EPS growth (1Y) 55.7% 18.9% 6.6%
EPS CAGR (3Y) 26.2% 9.8% 4.1%
Operating cash flow growth (1Y) 83.0% 7.6% -3.0%
Operating cash flow CAGR (3Y) -152.3% -1.9% 8.0%
Free cash flow growth (1Y) 82.0% 16.5% 2.3%
Free cash flow CAGR (3Y) -26.3% -3.7% 10.5%

Profitability

14 metrics
MetricCDXSAQGEN
Gross margin 87.0% 53.8% 62.2%
EBITDA margin -27.0% 25.9% 31.0%
Operating margin -35.6% 22.2% 21.2%
Pretax margin -39.5% 22.5% 22.0%
Net margin -39.6% 19.5% 19.5%
FCF margin -15.7% 17.2% 47.2%
Operating cash flow margin -13.4% 21.8% 31.2%
Return on equity -80.6% 19.9% 12.2%
Return on assets -24.6% 10.7% 7.0%
Return on invested capital -35.1% 13.1% 7.9%
Return on capital employed -27.3% 14.6% 8.5%
Asset turnover 0.6x 0.5x 0.4x
Cash conversion (OCF / net income) 0.3x 1.1x 1.6x
Stock comp / revenue 9.9% 1.8% 2.1%

Financial Health

11 metrics
MetricCDXSAQGEN
Debt / assets 34.0% 28.3% 27.9%
Debt / equity 1.2x 0.5x 0.5x
Net debt / EBITDA 0.7x 1.1x 1.3x
Debt / FCF -3.4x 3.1x 1.7x
Liabilities / assets 72.5% 47.3% 43.0%
Equity / assets 27.5% 52.7% 57.0%
Interest coverage – 15.5x 11.3x
Current ratio 3.1x 2.1x 2.8x
Quick ratio 2.9x 1.4x 2.0x
Cash ratio 2.3x 0.8x 1.4x
Altman Z-score -6.29 5.72 4.08

Shareholder Returns

7 metrics
MetricCDXSAQGEN
Dividend yield – 0.6% 5.2%
Net buyback yield -0.4% 0.6% 0.6%
Shareholder yield -0.4% 1.2% 5.8%
Payout ratio (earnings) – 19.9% –
Payout ratio (FCF) – 22.6% –
Dividend growth (1Y) – 2.1% –
Dividend CAGR (3Y) – 3.1% –

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.

ConsensusCDXSAQGEN
Forward P/E – 26.3xFY2026 21.4xFY2026
EPS, next fiscal year $-0.37FY2026 $6.54FY2026 $2.35FY2026
EPS growth, next FY – +17.0%FY2026 -1.3%FY2026
EPS growth, the year after – +0.3% +17.4%
Revenue, next fiscal year $77.93MFY2026 $7.87BFY2026 $2.25BFY2026
Revenue growth, next FY +10.7%FY2026 +15.3%FY2026 +7.8%FY2026
Revenue growth, the year after +9.2% -5.6% -2.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCDXSAQGEN
Held by institutions 71.0% 92.6% 67.3%
Institutions holding 148 1,126 338
Change in shares held, QoQ -2.4% +3.2% +16.5%
Institutions buying 88 603 216
Institutions selling 36 350 86
Buyers to sellers 2.44 1.72 2.51

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.

CDXSAQGEN
CDXS 1.00 0.12 -0.02
A 0.12 1.00 0.37
QGEN -0.02 0.37 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CDXS, A and QGEN?

Agilent Technologies (A) is the largest by market capitalisation: Codexis (CDXS) $95.04M, Agilent Technologies (A) $48.50B, Qiagen (QGEN) $10.92B.

Which stock is cheaper, CDXS, A and QGEN?

Qiagen (QGEN) trades on the lowest price-to-earnings ratio (Codexis (CDXS) -3.1x, Agilent Technologies (A) 33.7x, Qiagen (QGEN) 26.7x). On next year's consensus earnings, Qiagen (QGEN) is cheapest (Agilent Technologies (A) 26.3x, Qiagen (QGEN) 21.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Codexis (CDXS) grew revenue fastest over the trailing twelve months: Codexis (CDXS) +35.9%, Agilent Technologies (A) +8.6%, Qiagen (QGEN) +3.0%.

Which company is more profitable?

Agilent Technologies (A) has the highest net margin (Codexis (CDXS) -39.6%, Agilent Technologies (A) 19.5%, Qiagen (QGEN) 19.5%). On return on invested capital, Agilent Technologies (A) leads (Codexis (CDXS) -35.1%, Agilent Technologies (A) 13.1%, Qiagen (QGEN) 7.9%).

Which stock has performed better?

Over the past year Agilent Technologies (A) returned the most: Codexis (CDXS) -56.1%, Agilent Technologies (A) +17.5%, Qiagen (QGEN) +2.1%. Over five years, Agilent Technologies (A) compounded fastest (Codexis (CDXS) -50.2%/yr, Agilent Technologies (A) +1.7%/yr, Qiagen (QGEN) -4.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Qiagen (QGEN) has the highest dividend yield: Agilent Technologies (A) 0.60%, Qiagen (QGEN) 5.25%. Codexis (CDXS) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Agilent Technologies (A) has been the steadiest (Codexis (CDXS) 87.7%, Agilent Technologies (A) 32.6%, Qiagen (QGEN) 35.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CDXS, A and QGEN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Agilent Technologies (A) 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.