HTFL vs QDEL vs RTGN Stock Comparison

Heartflow, QuidelOrtho and RetinalGenix Technologies Prices as of Oct 28, 2026 Peers: Industry group
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HTFL Heartflow, Inc.
$59.10 +18.4% 1M +54.3% 1Y
Market cap
$5.19B
P/E
–
Revenue (TTM)
$202.91M
Div. yield
–
Diagnostic Equipment Healthcare
4 wins
QDEL QuidelOrtho Corp
$14.01 +29.4% 1M -50.3% 1Y
Market cap
$939.81M
P/E
–
Revenue (TTM)
-$211.90M
Div. yield
–
Diagnostic Equipment Healthcare

Head to Head

5 decided of 12

Heartflow leads on 4 of the 12 questions below (Heartflow 4, RetinalGenix Technologies 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHTFLQDELRTGNLeader
Larger companyMarket capitalisation $5.19B $939.81M $75.19M HTFL
Cheaper on earningsLower P/E, profitable companies only -51.8x -0.9x -35.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 18.7x — –
Faster revenue growthRevenue growth, trailing twelve months +42.5% -30.8% — HTFL
More profitableNet margin, trailing twelve months -49.4% — — –
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% — –
Better 1-year returnPrice return, last 12 months +54.3% -50.3% +6.4% HTFL
Better 5-year returnAnnualised price return, 5 years — -36.2%/yr — –
Less volatileAnnualised volatility, 1 year 76.8% 92.9% 25.4% RTGN
Higher overall scoreMean of the five percentile scores vs peers 57/100 22/100 36/100 HTFL

Percentile Scorecard

HTFLQDELRTGN

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

AxisHTFLQDELRTGN
Valuation 9 #206 of 227 46 #124 of 227 62 #86 of 227
Growth 77 #51 of 219 1 #217 of 219 56 #96 of 219
Profitability 49 #106 of 205 – –
Financial Health 92 #21 of 237 10 #213 of 237 0 #236 of 237
Shareholder Returns – 31 #94 of 135 26 #100 of 135
Overall 57 22 36
  • HTFL ranked among 247 companies in Medical Devices and Diagnostics
  • QDEL ranked among 247 companies in Medical Devices and Diagnostics
  • RTGN 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

PeriodHTFLQDELRTGNSPY
1 month +18.4%+29.4%0.0% +0.9%
3 months +136.0%-15.1%-0.2% +5.9%
6 months +100.1%+21.9%+24.7% +8.5%
Year to date +102.7%-50.9%+24.7% +13.3%
1 year +54.3%-50.3%+6.4% +12.4%
3 years —-77.0%-11.1% +88.1%
3 years, per year —-38.8%-3.9% +23.5%
5 years —-89.4%— +68.2%
5 years, per year —-36.2%— +11.0%
10 years —-28.0%— +263.4%
10 years, per year —-3.2%— +13.8%

Risk

MeasureHTFLQDELRTGNSPY
Volatility, 1Y 76.8%92.9%25.4% 12.7%
Downside volatility, 1Y 77.8%100.7%— 12.7%
Beta vs S&P 500, 1Y 1.902.62-0.04 1.00
Return / volatility, 1Y 0.71-0.540.25 0.98
Max drawdown, 5Y -48.7%-94.3%-92.0% -25.4%
From 52-week high 0.0%-60.4%-0.2% -0.9%
52-week high $59.10$35.38$4.00 $779.14
52-week low $20.49$9.96$3.20 $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.

MultipleHTFLQDELRTGN
P/E now vs peer median -51.0xmedian 28.8x -0.9xmedian 28.8x -35.9xmedian 28.8x
P/S now vs peer median 25.3xmedian 3.0x -4.5xmedian 3.0x —median 3.0x
EV/EBITDA now vs peer median —median 17.4x —median 17.4x —median 17.4x
P/FCF now vs peer median —median 25.7x -4.5xmedian 25.7x -157.3xmedian 25.7x
P/B now vs peer median 18.3xmedian 2.4x 0.5xmedian 2.4x -28.5xmedian 2.4x
PEG now vs peer median —median 1.03 0.01median 1.03 -1.63median 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 monthsHTFLQDELRTGN
Revenue $202.91M -$211.90M –
Gross profit $160.45M – –
Operating income -$64.46M – –
Net income -$100.19M -$1.05B -$2.09M
Free cash flow – -$211.20M -$477.94K
R&D $77.26M – $238.87K
EPS (diluted) $-1.16 $-15.35 $-0.11
Cash & equivalents $34.36M $123.40M $27.23K
Total debt – $2.89B $245.00K
Shares (diluted) 86.40M 68.30M 18.81M
Enterprise value $4.94B $408.11M $75.14M

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
MetricHTFLQDELRTGN
P/E -51.0x -0.9x -35.9x
P/FCF – -4.5x -157.3x
P/Operating cash flow – -16.7x -157.3x
P/S 25.3x -4.5x –
P/B 18.3x 0.5x -28.5x
P/Tangible book 18.3x -1.1x -28.5x
EV/EBITDA – – –
EV/EBIT -75.7x – –
EV/Revenue 24.0x -17.6x –
EV/FCF – -17.6x -157.4x
EV/Operating cash flow – -65.1x -157.4x
PEG (3Y EPS CAGR) – 0.01 -1.63

Growth

14 metrics
MetricHTFLQDELRTGN
Revenue growth (1Y) 42.5% -30.8% –
Revenue CAGR (3Y) – -27.0% –
Gross profit growth (1Y) 48.8% – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) -9.5% – –
Operating income CAGR (3Y) – – –
Net income growth (1Y) -18.3% -124.8% 24.0%
Net income CAGR (3Y) – -107.7% 19.7%
EPS growth (1Y) 91.4% -122.8% 25.9%
EPS CAGR (3Y) – -106.5% 22.0%
Operating cash flow growth (1Y) – -128.5% 37.1%
Operating cash flow CAGR (3Y) – -27.1% -17.6%
Free cash flow growth (1Y) – -1,725% 37.1%
Free cash flow CAGR (3Y) – -30.1% -17.6%

Profitability

14 metrics
MetricHTFLQDELRTGN
Gross margin 79.1% – –
EBITDA margin – – –
Operating margin -31.8% – –
Pretax margin -49.4% – –
Net margin -49.4% – –
FCF margin – – –
Operating cash flow margin – 27.0% –
Return on equity -34.5% – –
Return on assets -28.5% – –
Return on invested capital – – –
Return on capital employed -20.9% – –
Asset turnover 0.6x 0.0x –
Cash conversion (OCF / net income) – 0.1x 0.2x
Stock comp / revenue 9.6% -20.9% –

Financial Health

11 metrics
MetricHTFLQDELRTGN
Debt / assets – 50.6% 152.1%
Debt / equity – 1.6x 0.0x
Net debt / EBITDA – – –
Debt / FCF – -13.7x -0.1x
Liabilities / assets 18.8% 68.9% 8,297%
Equity / assets 81.2% 31.1% -8,197%
Interest coverage – – –
Current ratio 5.1x 1.4x 0.0x
Quick ratio 6.6x 0.5x 0.0x
Cash ratio 5.6x 0.1x 0.0x
Altman Z-score 43.50 – –

Shareholder Returns

7 metrics
MetricHTFLQDELRTGN
Dividend yield – – –
Net buyback yield – -0.5% -0.8%
Shareholder yield – -0.5% -0.8%
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.

ConsensusHTFLQDELRTGN
Forward P/E – 18.7xFY2026 –
EPS, next fiscal year $-0.43FY2026 $0.75FY2026 –
EPS growth, next FY – -64.6%FY2026 –
EPS growth, the year after – +101.3% –
Revenue, next fiscal year $261.38MFY2026 $2.67BFY2026 –
Revenue growth, next FY +48.5%FY2026 -2.0%FY2026 –
Revenue growth, the year after +20.6% +0.2% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHTFLQDELRTGN
Held by institutions 100.0% 100.0% –
Institutions holding 192 243 –
Change in shares held, QoQ +133.0% +2.9% –
Institutions buying 140 143 –
Institutions selling 38 65 –
Buyers to sellers 3.68 2.20 –

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.

HTFLQDELRTGN
HTFL 1.00 0.17 0.00
QDEL 0.17 1.00 -0.02
RTGN 0.00 -0.02 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, HTFL, QDEL and RTGN?

Heartflow (HTFL) is the largest by market capitalisation: Heartflow (HTFL) $5.19B, QuidelOrtho (QDEL) $939.81M, RetinalGenix Technologies (RTGN) $75.19M.

Which company is growing faster?

Heartflow (HTFL) grew revenue fastest over the trailing twelve months: Heartflow (HTFL) +42.5%, QuidelOrtho (QDEL) -30.8%.

Which stock has performed better?

Over the past year Heartflow (HTFL) returned the most: Heartflow (HTFL) +54.3%, QuidelOrtho (QDEL) -50.3%, RetinalGenix Technologies (RTGN) +6.4%. Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, RetinalGenix Technologies (RTGN) has been the steadiest (Heartflow (HTFL) 76.8%, QuidelOrtho (QDEL) 92.9%, RetinalGenix Technologies (RTGN) 25.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HTFL, QDEL and RTGN?

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