IOVA vs PGEN vs MESO Stock Comparison

Iovance Biotherapeutics, Precigen and Mesoblast Prices as of Nov 5, 2026 Peers: Industry group
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PGEN Precigen, Inc.
$4.22 -44.1% 1M +5.8% 1Y
Market cap
$1.50B
P/E
61.4x
Revenue (TTM)
$156.94M
Div. yield
–
Gene and Cell Therapy Healthcare
3 wins
MESO Mesoblast Ltd
$14.10 +3.6% 1M -9.3% 1Y
Market cap
$1.83B
P/E
–
Revenue (TTM)
—
Div. yield
–
Gene and Cell Therapy Healthcare
2 wins

Head to Head

7 decided of 12

Precigen leads on 3 of the 12 questions below (Precigen 3, Iovance Biotherapeutics 2, Mesoblast 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionIOVAPGENMESOLeader
Larger companyMarket capitalisation $3.64B $1.50B $1.83B IOVA
Cheaper on earningsLower P/E, profitable companies only -16.5x 61.4x -31.8x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 24.8x — –
Faster revenue growthRevenue growth, trailing twelve months +51.3% +2,387.6% — PGEN
More profitableNet margin, trailing twelve months -58.2% 15.6% — PGEN
Better return on capitalReturn on invested capital — 21.1% — –
Less leveragedLower net debt / EBITDA — 1.2x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +327.6% +5.8% -9.3% IOVA
Better 5-year returnAnnualised price return, 5 years -20.9%/yr -3.8%/yr +2.1%/yr MESO
Less volatileAnnualised volatility, 1 year 109.9% 85.7% 57.2% MESO
Higher overall scoreMean of the five percentile scores vs peers 67/100 72/100 — PGEN

Percentile Scorecard

IOVAPGENMESO

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

AxisIOVAPGENMESO
Valuation 70 #190 of 634 68 #206 of 634 65 #220 of 634
Growth 91 #58 of 608 90 #59 of 608 –
Profitability 67 #182 of 557 86 #81 of 557 –
Financial Health 68 #213 of 654 38 #409 of 654 44 #366 of 654
Shareholder Returns 39 #245 of 403 77 #92 of 403 –
Overall 67 72 –
  • IOVA ranked among 671 companies in Pharmaceuticals and Biotechnology
  • PGEN ranked among 671 companies in Pharmaceuticals and Biotechnology
  • MESO 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

PeriodIOVAPGENMESOSPY
1 month -40.3%-44.1%+3.6% -5.9%
3 months +24.6%-38.9%-9.7% -4.6%
6 months +118.0%+1.7%-4.7% +0.2%
Year to date +183.5%+1.0%-21.8% +7.5%
1 year +327.6%+5.8%-9.3% +8.2%
3 years +79.2%+263.8%+426.1% +68.3%
3 years, per year +21.5%+53.8%+74.0% +19.0%
5 years -69.0%-17.4%+10.8% +56.5%
5 years, per year -20.9%-3.8%+2.1% +9.4%
10 years +33.4%-83.2%+58.4% +251.5%
10 years, per year +2.9%-16.4%+4.7% +13.4%

Risk

MeasureIOVAPGENMESOSPY
Volatility, 1Y 109.9%85.7%57.2% 13.6%
Downside volatility, 1Y 95.6%84.2%55.1% 14.2%
Beta vs S&P 500, 1Y 1.601.631.32 1.00
Return / volatility, 1Y 2.980.07-0.16 0.60
Max drawdown, 5Y -93.4%-86.5%-87.9% -25.4%
From 52-week high -47.9%-50.7%-32.7% -5.9%
52-week high $14.86$8.56$20.96 $779.14
52-week low $1.81$3.10$11.95 $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.

MultipleIOVAPGENMESO
P/E now vs peer median -16.0xmedian 17.8x 61.9xmedian 17.8x -31.8xmedian 17.8x
P/S now vs peer median 9.4xmedian 8.1x 9.6xmedian 8.1x 15.2xmedian 8.1x
EV/EBITDA now vs peer median -16.6xmedian 15.7x 39.6xmedian 15.7x —median 15.7x
P/FCF now vs peer median -16.6xmedian 21.0x -20.4xmedian 21.0x -40.9xmedian 21.0x
P/B now vs peer median 4.4xmedian 2.0x 18.1xmedian 2.0x 3.2xmedian 2.0x
PEG now vs peer median -0.46median 0.36 2.10median 0.36 —median 0.36

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 monthsIOVAPGENMESO
Revenue $378.98M $156.94M –
Gross profit $201.75M $143.48M –
Operating income -$230.38M $33.63M –
Net income -$220.56M $24.41M –
Free cash flow -$216.07M -$74.32M –
R&D $241.88M $26.54M –
EPS (diluted) $-0.48 $0.06 –
Cash & equivalents $57.93M $14.96M $102.91M
Total debt – $94.26M $119.24M
Shares (diluted) 455.92M 421.16M 129.49M
Enterprise value $2.36B $1.26B $1.40B

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
MetricIOVAPGENMESO
P/E -16.0x 61.9x -31.8x
P/FCF -16.6x -20.4x -40.9x
P/Operating cash flow -18.9x -20.7x –
P/S 9.4x 9.6x 15.2x
P/B 4.4x 18.1x 3.2x
P/Tangible book 6.5x 18.5x 3.2x
EV/EBITDA -16.6x 39.6x –
EV/EBIT -13.9x 46.4x –
EV/Revenue 8.5x 9.9x –
EV/FCF -14.8x -21.0x –
EV/Operating cash flow -16.9x -21.3x –
PEG (3Y EPS CAGR) -0.46 2.10 –

Growth

14 metrics
MetricIOVAPGENMESO
Revenue growth (1Y) 51.3% 2,388% –
Revenue CAGR (3Y) 712.3% 185.3% –
Gross profit growth (1Y) 144.4% 7,400% –
Gross profit CAGR (3Y) – 478.3% –
Operating income growth (1Y) 44.7% 128.7% –
Operating income CAGR (3Y) 19.8% 33.6% –
Net income growth (1Y) 44.5% 109.9% –
Net income CAGR (3Y) 20.1% 31.8% –
EPS growth (1Y) 55.7% 104.2% –
EPS CAGR (3Y) 35.0% 29.5% –
Operating cash flow growth (1Y) 41.2% -0.8% –
Operating cash flow CAGR (3Y) 18.9% -3.2% –
Free cash flow growth (1Y) 38.6% 1.7% –
Free cash flow CAGR (3Y) 17.0% -3.5% –

Profitability

14 metrics
MetricIOVAPGENMESO
Gross margin 53.2% 91.4% –
EBITDA margin -50.9% 25.1% –
Operating margin -60.8% 21.4% –
Pretax margin -58.5% 15.7% –
Net margin -58.2% 15.6% –
FCF margin -57.0% -47.4% –
Operating cash flow margin -50.1% -46.6% –
Return on equity -28.5% 38.3% –
Return on assets -23.1% 12.8% –
Return on invested capital – 21.1% –
Return on capital employed -27.2% 21.0% –
Asset turnover 0.4x 0.8x –
Cash conversion (OCF / net income) 0.9x -3.0x –
Stock comp / revenue 12.3% 8.0% –

Financial Health

11 metrics
MetricIOVAPGENMESO
Debt / assets – 44.4% 15.4%
Debt / equity – 1.1x 0.2x
Net debt / EBITDA – 1.2x –
Debt / FCF – -1.3x –
Liabilities / assets 18.0% 60.5% 26.5%
Equity / assets 82.0% 39.5% 73.5%
Interest coverage – 2.8x –
Current ratio 5.2x 5.6x 2.4x
Quick ratio 4.6x 4.6x 2.0x
Cash ratio 3.6x 1.5x 1.3x
Altman Z-score 8.06 -6.00 –

Shareholder Returns

7 metrics
MetricIOVAPGENMESO
Dividend yield – – –
Net buyback yield -8.2% -0.2% –
Shareholder yield -8.2% -0.2% –
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.

ConsensusIOVAPGENMESO
Forward P/E – 24.8xFY2026 –
EPS, next fiscal year $-0.47FY2026 $0.17FY2026 $-0.15FY2027
EPS growth, the year after – +288.2% –
Revenue, next fiscal year $435.90MFY2026 $249.16MFY2026 $184.11MFY2027
Revenue growth, next FY +65.4%FY2026 +2,474.0%FY2026 +53.1%FY2027
Revenue growth, the year after +33.1% +82.3% +99.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersIOVAPGENMESO
Held by institutions 63.3% 39.2% 3.0%
Institutions holding 292 211 73
Change in shares held, QoQ +6.5% +4.9% +17.7%
Institutions buying 174 123 34
Institutions selling 66 46 20
Buyers to sellers 2.64 2.67 1.70

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.

IOVAPGENMESO
IOVA 1.00 0.23 0.17
PGEN 0.23 1.00 0.22
MESO 0.17 0.22 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, IOVA, PGEN and MESO?

Iovance Biotherapeutics (IOVA) is the largest by market capitalisation: Iovance Biotherapeutics (IOVA) $3.64B, Precigen (PGEN) $1.50B, Mesoblast (MESO) $1.83B.

Which company is growing faster?

Precigen (PGEN) grew revenue fastest over the trailing twelve months: Iovance Biotherapeutics (IOVA) +51.3%, Precigen (PGEN) +2,387.6%.

Which company is more profitable?

Precigen (PGEN) has the highest net margin (Iovance Biotherapeutics (IOVA) -58.2%, Precigen (PGEN) 15.6%).

Which stock has performed better?

Over the past year Iovance Biotherapeutics (IOVA) returned the most: Iovance Biotherapeutics (IOVA) +327.6%, Precigen (PGEN) +5.8%, Mesoblast (MESO) -9.3%. Over five years, Mesoblast (MESO) compounded fastest (Iovance Biotherapeutics (IOVA) -20.9%/yr, Precigen (PGEN) -3.8%/yr, Mesoblast (MESO) +2.1%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Mesoblast (MESO) has been the steadiest (Iovance Biotherapeutics (IOVA) 109.9%, Precigen (PGEN) 85.7%, Mesoblast (MESO) 57.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, IOVA, PGEN and MESO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Precigen (PGEN) leads on 3. 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.