IOVA vs KRYS vs LEGN Stock Comparison

Iovance Biotherapeutics, Krystal Biotech and Legend Biotech Prices as of Oct 29, 2026 Peers: Industry group
KRYS Krystal Biotech, Inc.
$324.55 -3.1% 1M +75.4% 1Y
Market cap
$9.75B
P/E
40.4x
Revenue (TTM)
$440.53M
Div. yield
–
Gene and Cell Therapy Healthcare
5 wins
LEGN Legend Biotech Corp
$22.30 +18.5% 1M -30.6% 1Y
Market cap
$3.98B
P/E
–
Revenue (TTM)
$1.27B
Div. yield
–
Gene and Cell Therapy Healthcare
1 win

Head to Head

7 decided of 12

Krystal Biotech leads on 5 of the 12 questions below (Krystal Biotech 5, Legend Biotech 1, Iovance Biotherapeutics 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionIOVAKRYSLEGNLeader
Larger companyMarket capitalisation $3.78B $9.75B $3.98B KRYS
Cheaper on earningsLower P/E, profitable companies only -13.1x 40.4x -43.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 46.8x — –
Faster revenue growthRevenue growth, trailing twelve months +34.5% +22.6% +59.5% LEGN
More profitableNet margin, trailing twelve months -89.1% 54.8% -7.2% KRYS
Better return on capitalReturn on invested capital — — -4.2% –
Less leveragedLower net debt / EBITDA — — 28.0x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +378.0% +75.4% -30.6% IOVA
Better 5-year returnAnnualised price return, 5 years -17.0%/yr +45.4%/yr -15.7%/yr KRYS
Less volatileAnnualised volatility, 1 year 108.2% 38.0% 72.3% KRYS
Higher overall scoreMean of the five percentile scores vs peers 62/100 85/100 73/100 KRYS

Percentile Scorecard

IOVAKRYSLEGN

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

AxisIOVAKRYSLEGN
Valuation 65 #222 of 624 79 #131 of 624 89 #70 of 624
Growth 81 #115 of 601 93 #41 of 601 97 #20 of 601
Profitability 63 #203 of 541 96 #21 of 541 80 #108 of 541
Financial Health 62 #244 of 647 84 #103 of 647 54 #299 of 647
Shareholder Returns 41 #213 of 359 70 #108 of 359 44 #201 of 359
Overall 62 85 73
  • IOVA ranked among 671 companies in Pharmaceuticals and Biotechnology
  • KRYS ranked among 671 companies in Pharmaceuticals and Biotechnology
  • LEGN ranked among 671 companies in Pharmaceuticals and Biotechnology

Price Performance

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

Returns

PeriodIOVAKRYSLEGNSPY
1 month -33.8%-3.1%+18.5% +0.7%
3 months +103.8%-11.5%+17.1% +3.7%
6 months +184.5%+23.8%-5.2% +7.1%
Year to date +250.2%+31.6%+2.6% +12.8%
1 year +378.0%+75.4%-30.6% +11.9%
3 years +158.4%+178.9%-66.0% +85.2%
3 years, per year +37.3%+40.8%-30.2% +22.8%
5 years -60.7%+547.9%-57.5% +67.6%
5 years, per year -17.0%+45.4%-15.7% +10.9%
10 years +53.0%—— +262.0%
10 years, per year +4.3%—— +13.7%

Risk

MeasureIOVAKRYSLEGNSPY
Volatility, 1Y 108.2%38.0%72.3% 12.7%
Downside volatility, 1Y 93.0%37.4%62.7% 12.6%
Beta vs S&P 500, 1Y 1.400.690.44 1.00
Return / volatility, 1Y 3.491.99-0.42 0.94
Max drawdown, 5Y -93.4%-44.5%-78.2% -25.4%
From 52-week high -35.7%-14.2%-38.5% -1.2%
52-week high $14.86$378.15$36.28 $779.14
52-week low $1.81$185.05$16.65 $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.

MultipleIOVAKRYSLEGN
P/E now vs peer median -14.9xmedian 17.8x 39.7xmedian 17.8x -44.8xmedian 17.8x
P/S now vs peer median 13.3xmedian 9.1x 21.8xmedian 9.1x 3.2xmedian 9.1x
EV/EBITDA now vs peer median -15.3xmedian 15.0x 43.0xmedian 15.0x -195.0xmedian 15.0x
P/FCF now vs peer median -14.6xmedian 21.7x 37.3xmedian 21.7x -63.6xmedian 21.7x
P/B now vs peer median 5.9xmedian 2.2x 7.1xmedian 2.2x 3.3xmedian 2.2x
PEG now vs peer median -0.50median 0.35 0.77median 0.35 -0.95median 0.35

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 monthsIOVAKRYSLEGN
Revenue $324.97M $440.53M $1.27B
Gross profit $157.29M $416.91M $727.10M
Operating income -$301.31M $197.75M -$55.25M
Net income -$289.51M $241.47M -$80.39M
Free cash flow -$296.40M $257.78M -$64.60M
R&D $267.72M $59.23M $396.15M
EPS (diluted) $-0.64 $7.88 $-0.50
Cash & equivalents $110.80M $427.74M $672.90M
Total debt – – $1.06B
Shares (diluted) 450.19M 30.66M 184.32M
Enterprise value $2.57B $6.53B $1.48B

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
MetricIOVAKRYSLEGN
P/E -14.9x 39.7x -44.8x
P/FCF -14.6x 37.3x -63.6x
P/Operating cash flow -16.4x 35.3x -46.0x
P/S 13.3x 21.8x 3.2x
P/B 5.9x 7.1x 3.3x
P/Tangible book 9.2x 7.1x 3.3x
EV/EBITDA -15.3x 43.0x -195.0x
EV/EBIT -13.4x 44.3x -65.0x
EV/Revenue 12.4x 19.9x 2.8x
EV/FCF -13.6x 34.0x -55.6x
EV/Operating cash flow -15.3x 32.2x -40.2x
PEG (3Y EPS CAGR) -0.50 0.77 -0.95

Growth

14 metrics
MetricIOVAKRYSLEGN
Revenue growth (1Y) 34.5% 22.6% 59.5%
Revenue CAGR (3Y) 1,009% – 97.6%
Gross profit growth (1Y) 95.1% 24.3% 42.4%
Gross profit CAGR (3Y) – – 147.5%
Operating income growth (1Y) 26.6% 41.8% 75.3%
Operating income CAGR (3Y) 11.1% 48.8% 49.1%
Net income growth (1Y) 25.8% 64.6% 75.3%
Net income CAGR (3Y) 11.6% 54.9% 46.7%
EPS growth (1Y) 44.8% 59.7% 72.0%
EPS CAGR (3Y) 29.9% 51.8% 47.0%
Operating cash flow growth (1Y) 12.9% 39.4% 67.5%
Operating cash flow CAGR (3Y) 7.6% 67.0% 37.1%
Free cash flow growth (1Y) 8.4% 39.0% 77.8%
Free cash flow CAGR (3Y) 5.8% 58.6% 44.5%

Profitability

14 metrics
MetricIOVAKRYSLEGN
Gross margin 48.4% 94.6% 57.2%
EBITDA margin -81.4% 46.2% -1.5%
Operating margin -92.7% 44.9% -4.3%
Pretax margin -90.4% 51.4% -4.4%
Net margin -89.1% 54.8% -7.2%
FCF margin -91.2% 58.5% -5.1%
Operating cash flow margin -81.3% 61.8% -7.0%
Return on equity -39.7% 18.3% -8.3%
Return on assets -31.4% 16.7% -5.5%
Return on invested capital – – -4.2%
Return on capital employed -37.0% 15.0% -4.3%
Asset turnover 0.4x 0.3x 0.8x
Cash conversion (OCF / net income) 0.9x 1.1x 1.1x
Stock comp / revenue 14.4% 12.4% 5.2%

Financial Health

11 metrics
MetricIOVAKRYSLEGN
Debt / assets – – 8.9%
Debt / equity – – 0.1x
Net debt / EBITDA – – 28.0x
Debt / FCF – – -2.4x
Liabilities / assets 19.6% 9.4% 29.8%
Equity / assets 80.4% 90.6% 70.2%
Interest coverage – – -4.8x
Current ratio 4.3x 8.3x 3.0x
Quick ratio 3.7x 7.7x 1.7x
Cash ratio 2.8x 6.6x 1.7x
Altman Z-score 9.78 42.32 6.90

Shareholder Returns

7 metrics
MetricIOVAKRYSLEGN
Dividend yield – – –
Net buyback yield -6.8% -0.4% -5.2%
Shareholder yield -6.8% -0.4% -5.2%
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.

ConsensusIOVAKRYSLEGN
Forward P/E – 46.8xFY2026 –
EPS, next fiscal year $-0.47FY2026 $6.94FY2026 $-0.04FY2026
EPS growth, next FY – +1.5%FY2026 –
EPS growth, the year after – +25.5% –
Revenue, next fiscal year $434.71MFY2026 $514.54MFY2026 $1.37BFY2026
Revenue growth, next FY +65.0%FY2026 +32.2%FY2026 +32.9%FY2026
Revenue growth, the year after +33.0% +33.4% +35.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersIOVAKRYSLEGN
Held by institutions 63.3% 99.8% 55.9%
Institutions holding 292 422 218
Change in shares held, QoQ +6.5% +4.6% +7.3%
Institutions buying 174 271 117
Institutions selling 66 107 78
Buyers to sellers 2.64 2.53 1.50

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.

IOVAKRYSLEGN
IOVA 1.00 0.09 0.14
KRYS 0.09 1.00 0.06
LEGN 0.14 0.06 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, IOVA, KRYS and LEGN?

Krystal Biotech (KRYS) is the largest by market capitalisation: Iovance Biotherapeutics (IOVA) $3.78B, Krystal Biotech (KRYS) $9.75B, Legend Biotech (LEGN) $3.98B.

Which company is growing faster?

Legend Biotech (LEGN) grew revenue fastest over the trailing twelve months: Iovance Biotherapeutics (IOVA) +34.5%, Krystal Biotech (KRYS) +22.6%, Legend Biotech (LEGN) +59.5%.

Which company is more profitable?

Krystal Biotech (KRYS) has the highest net margin (Iovance Biotherapeutics (IOVA) -89.1%, Krystal Biotech (KRYS) 54.8%, Legend Biotech (LEGN) -7.2%).

Which stock has performed better?

Over the past year Iovance Biotherapeutics (IOVA) returned the most: Iovance Biotherapeutics (IOVA) +378.0%, Krystal Biotech (KRYS) +75.4%, Legend Biotech (LEGN) -30.6%. Over five years, Krystal Biotech (KRYS) compounded fastest (Iovance Biotherapeutics (IOVA) -17.0%/yr, Krystal Biotech (KRYS) +45.4%/yr, Legend Biotech (LEGN) -15.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Krystal Biotech (KRYS) has been the steadiest (Iovance Biotherapeutics (IOVA) 108.2%, Krystal Biotech (KRYS) 38.0%, Legend Biotech (LEGN) 72.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, IOVA, KRYS and LEGN?

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