CDXS vs A vs TMO Stock Comparison

Codexis, Agilent Technologies and Thermo Fisher Scientific Prices as of Oct 28, 2026 Peers: Industry group
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CDXS Codexis, Inc.
$1.26 -7.4% 1M -51.4% 1Y
Market cap
$110.63M
P/E
–
Revenue (TTM)
$77.68M
Div. yield
–
Life Sciences Tools Healthcare
2 wins
A Agilent Technologies, Inc.
$181.54 +3.6% 1M +24.5% 1Y
Market cap
$51.12B
P/E
35.5x
Revenue (TTM)
$7.37B
Div. yield
0.01%
Life Sciences Tools Healthcare
5 wins

Head to Head

11 decided of 12

Agilent Technologies leads on 5 of the 12 questions below (Agilent Technologies 5, Thermo Fisher Scientific 4, Codexis 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCDXSATMOLeader
Larger companyMarket capitalisation $110.63M $51.12B $262.71B TMO
Cheaper on earningsLower P/E, profitable companies only -3.6x 35.5x 37.1x A
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 27.8x 27.2x TMO
Faster revenue growthRevenue growth, trailing twelve months +35.9% +8.6% +8.3% CDXS
More profitableNet margin, trailing twelve months -39.6% 19.5% — A
Better return on capitalReturn on invested capital -35.1% 13.1% — A
Less leveragedLower net debt / EBITDA 0.7x 1.1x — CDXS
Higher dividend yieldTrailing dividend yield 0.00% 0.01% 0.00% –
Better 1-year returnPrice return, last 12 months -51.4% +24.5% +26.4% TMO
Better 5-year returnAnnualised price return, 5 years -48.5%/yr +2.9%/yr +2.2%/yr A
Less volatileAnnualised volatility, 1 year 86.7% 32.4% 29.8% TMO
Higher overall scoreMean of the five percentile scores vs peers 44/100 62/100 51/100 A

Percentile Scorecard

CDXSATMO

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

AxisCDXSATMO
Valuation 41 #134 of 227 57 #98 of 227 49 #116 of 227
Growth 66 #75 of 219 36 #140 of 219 40 #132 of 219
Profitability 44 #116 of 205 91 #19 of 205 71 #61 of 205
Financial Health 30 #166 of 237 56 #106 of 237 –
Shareholder Returns 40 #81 of 135 70 #41 of 135 44 #76 of 135
Overall 44 62 51
  • CDXS ranked among 247 companies in Medical Devices and Diagnostics
  • A ranked among 247 companies in Medical Devices and Diagnostics
  • TMO 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

PeriodCDXSATMOSPY
1 month -7.4%+3.6%+3.9% +0.9%
3 months -14.3%+29.4%+22.3% +5.9%
6 months -55.2%+63.1%+51.2% +8.5%
Year to date -22.7%+33.4%+21.6% +13.3%
1 year -51.4%+24.5%+26.4% +12.4%
3 years -18.7%+76.6%+63.4% +88.1%
3 years, per year -6.7%+20.9%+17.8% +23.5%
5 years -96.4%+15.3%+11.3% +68.2%
5 years, per year -48.5%+2.9%+2.2% +11.0%
10 years -72.0%+320.0%+378.8% +263.4%
10 years, per year -12.0%+15.4%+17.0% +13.8%

Risk

MeasureCDXSATMOSPY
Volatility, 1Y 86.7%32.4%29.8% 12.7%
Downside volatility, 1Y 91.1%27.6%28.4% 12.7%
Beta vs S&P 500, 1Y 1.850.880.62 1.00
Return / volatility, 1Y -0.590.750.88 0.98
Max drawdown, 5Y -97.7%-39.6%-41.5% -25.4%
From 52-week high -55.8%0.0%0.0% -0.9%
52-week high $2.85$181.54$704.77 $779.14
52-week low $0.98$110.24$438.34 $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.

MultipleCDXSATMO
P/E now vs peer median -3.7xmedian 28.8x 35.6xmedian 28.8x 37.0xmedian 28.8x
P/S now vs peer median 1.5xmedian 3.0x 6.9xmedian 3.0x 5.5xmedian 3.0x
EV/EBITDA now vs peer median -4.8xmedian 17.4x 27.9xmedian 17.4x —median 17.4x
P/FCF now vs peer median -9.5xmedian 25.7x 40.4xmedian 25.7x 34.0xmedian 25.7x
P/B now vs peer median 3.5xmedian 2.4x 7.0xmedian 2.4x 4.8xmedian 2.4x
PEG now vs peer median -0.14median 1.03 3.62median 1.03 4.88median 1.03

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 monthsCDXSATMO
Revenue $77.68M $7.37B $47.35B
Gross profit $67.60M $3.97B –
Operating income -$27.66M $1.64B $8.47B
Net income -$30.72M $1.44B $7.09B
Free cash flow -$12.18M $1.27B –
R&D $48.74M $485.00M $1.40B
EPS (diluted) $-0.34 $5.09 $19.06
Cash & equivalents $27.17M $1.76B $5.46B
Total debt $40.88M $3.95B –
Shares (diluted) 91.05M 283.00M 371.00M
Enterprise value -$146.42M $44.01B $262.71B

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
MetricCDXSATMO
P/E -3.7x 35.6x 37.0x
P/FCF -9.5x 40.4x 34.0x
P/Operating cash flow -11.1x 31.8x 27.9x
P/S 1.5x 6.9x 5.5x
P/B 3.5x 7.0x 4.8x
P/Tangible book 3.5x 7.9x 7.1x
EV/EBITDA -4.8x 27.9x –
EV/EBIT -3.7x 32.6x –
EV/Revenue 1.3x 7.2x 5.5x
EV/FCF -8.3x 42.1x –
EV/Operating cash flow -9.7x 33.2x 27.9x
PEG (3Y EPS CAGR) -0.14 3.62 4.88

Growth

14 metrics
MetricCDXSATMO
Revenue growth (1Y) 35.9% 8.6% 8.3%
Revenue CAGR (3Y) -7.8% 1.8% 2.9%
Gross profit growth (1Y) 52.4% 11.2% –
Gross profit CAGR (3Y) -2.6% 3.7% –
Operating income growth (1Y) 51.7% 13.5% 12.8%
Operating income CAGR (3Y) 22.8% 5.1% 7.2%
Net income growth (1Y) 52.7% 18.0% 7.9%
Net income CAGR (3Y) 18.5% 8.3% 6.2%
EPS growth (1Y) 55.7% 18.9% 9.7%
EPS CAGR (3Y) 26.2% 9.8% 7.6%
Operating cash flow growth (1Y) 83.0% 7.6% 21.9%
Operating cash flow CAGR (3Y) -152.3% -1.9% 4.5%
Free cash flow growth (1Y) 82.0% 16.5% –
Free cash flow CAGR (3Y) -26.3% -3.7% –

Profitability

14 metrics
MetricCDXSATMO
Gross margin 87.0% 53.8% –
EBITDA margin -27.0% 25.9% –
Operating margin -35.6% 22.2% –
Pretax margin -39.5% 22.5% –
Net margin -39.6% 19.5% –
FCF margin -15.7% 17.2% –
Operating cash flow margin -13.4% 21.8% 19.7%
Return on equity -80.6% 19.9% 13.2%
Return on assets -24.6% 10.7% 6.2%
Return on invested capital -35.1% 13.1% –
Return on capital employed -27.3% 14.6% –
Asset turnover 0.6x 0.5x 0.4x
Cash conversion (OCF / net income) 0.3x 1.1x 1.3x
Stock comp / revenue 9.9% 1.8% –

Financial Health

11 metrics
MetricCDXSATMO
Debt / assets 34.0% 28.3% –
Debt / equity 1.2x 0.5x –
Net debt / EBITDA 0.7x 1.1x –
Debt / FCF -3.4x 3.1x –
Liabilities / assets 72.5% 47.3% –
Equity / assets 27.5% 52.7% 47.9%
Interest coverage – 15.5x –
Current ratio 3.1x 2.1x 1.8x
Quick ratio 2.9x 1.4x –
Cash ratio 2.3x 0.8x –
Altman Z-score -6.15 5.96 –

Shareholder Returns

7 metrics
MetricCDXSATMO
Dividend yield – 0.6% 0.3%
Net buyback yield -0.3% 0.6% –
Shareholder yield -0.3% 1.2% 0.3%
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.

ConsensusCDXSATMO
Forward P/E – 27.8xFY2026 27.2xFY2026
EPS, next fiscal year $-0.37FY2026 $6.54FY2026 $25.91FY2026
EPS growth, next FY – +17.0%FY2026 +13.3%FY2026
EPS growth, the year after – +0.3% +2.0%
Revenue, next fiscal year $77.93MFY2026 $7.87BFY2026 $50.12BFY2026
Revenue growth, next FY +10.7%FY2026 +15.3%FY2026 +12.5%FY2026
Revenue growth, the year after +9.2% -5.6% -2.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCDXSATMO
Held by institutions 71.0% 92.6% 90.2%
Institutions holding 148 1,124 2,623
Change in shares held, QoQ -2.4% +3.2% +0.8%
Institutions buying 88 601 1,143
Institutions selling 36 350 1,144
Buyers to sellers 2.44 1.72 1.00

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.

CDXSATMO
CDXS 1.00 0.11 0.07
A 0.11 1.00 0.73
TMO 0.07 0.73 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CDXS, A and TMO?

Thermo Fisher Scientific (TMO) is the largest by market capitalisation: Codexis (CDXS) $110.63M, Agilent Technologies (A) $51.12B, Thermo Fisher Scientific (TMO) $262.71B.

Which stock is cheaper, CDXS, A and TMO?

Agilent Technologies (A) trades on the lowest price-to-earnings ratio (Codexis (CDXS) -3.6x, Agilent Technologies (A) 35.5x, Thermo Fisher Scientific (TMO) 37.1x). On next year's consensus earnings, Thermo Fisher Scientific (TMO) is cheapest (Agilent Technologies (A) 27.8x, Thermo Fisher Scientific (TMO) 27.2x). 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%, Thermo Fisher Scientific (TMO) +8.3%.

Which company is more profitable?

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

Which stock has performed better?

Over the past year Thermo Fisher Scientific (TMO) returned the most: Codexis (CDXS) -51.4%, Agilent Technologies (A) +24.5%, Thermo Fisher Scientific (TMO) +26.4%. Over five years, Agilent Technologies (A) compounded fastest (Codexis (CDXS) -48.5%/yr, Agilent Technologies (A) +2.9%/yr, Thermo Fisher Scientific (TMO) +2.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Codexis (CDXS) 0.00%, Agilent Technologies (A) 0.01%, Thermo Fisher Scientific (TMO) 0.00%. Codexis (CDXS) and Thermo Fisher Scientific (TMO) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Thermo Fisher Scientific (TMO) has been the steadiest (Codexis (CDXS) 86.7%, Agilent Technologies (A) 32.4%, Thermo Fisher Scientific (TMO) 29.8%). Volatility measures how widely the price swings, not the risk of the business.

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

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 5. 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.