KRYS vs MESO vs LEGN Stock Comparison

Krystal Biotech, Mesoblast and Legend Biotech Prices as of Nov 2, 2026 Peers: Industry group
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KRYS Krystal Biotech, Inc.
$295.90 -8.2% 1M +49.8% 1Y
Market cap
$8.76B
P/E
36.2x
Revenue (TTM)
$440.53M
Div. yield
–
Gene and Cell Therapy Healthcare
6 wins
MESO Mesoblast Ltd
$14.54 +3.3% 1M -12.7% 1Y
Market cap
$1.88B
P/E
–
Revenue (TTM)
—
Div. yield
–
Gene and Cell Therapy Healthcare
LEGN Legend Biotech Corp
$21.10 +13.6% 1M -34.9% 1Y
Market cap
$3.89B
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 6 of the 12 questions below (Krystal Biotech 6, Legend Biotech 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionKRYSMESOLEGNLeader
Larger companyMarket capitalisation $8.76B $1.88B $3.89B KRYS
Cheaper on earningsLower P/E, profitable companies only 36.2x -32.7x -42.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 42.6x — — –
Faster revenue growthRevenue growth, trailing twelve months +22.6% — +59.5% LEGN
More profitableNet margin, trailing twelve months 54.8% — -7.2% KRYS
Better return on capitalReturn on invested capital — — -4.2% –
Less leveragedLower net debt / EBITDA — — -130.2x –
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months +49.8% -12.7% -34.9% KRYS
Better 5-year returnAnnualised price return, 5 years +41.2%/yr +3.1%/yr -16.4%/yr KRYS
Less volatileAnnualised volatility, 1 year 39.7% 57.3% 72.5% KRYS
Higher overall scoreMean of the five percentile scores vs peers 85/100 — 74/100 KRYS

Percentile Scorecard

KRYSMESOLEGN

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

AxisKRYSMESOLEGN
Valuation 80 #126 of 623 68 #199 of 623 89 #71 of 623
Growth 93 #42 of 601 – 97 #20 of 601
Profitability 96 #21 of 553 – 80 #112 of 553
Financial Health 84 #104 of 654 44 #366 of 654 60 #263 of 654
Shareholder Returns 69 #113 of 367 – 44 #207 of 367
Overall 85 – 74
  • KRYS ranked among 671 companies in Pharmaceuticals and Biotechnology
  • MESO 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

PeriodKRYSMESOLEGNSPY
1 month -8.2%+3.3%+13.6% -2.3%
3 months -5.3%+0.5%+11.0% -0.7%
6 months +3.1%-9.1%-20.4% +4.8%
Year to date +20.0%-19.4%-2.9% +10.3%
1 year +49.8%-12.7%-34.9% +10.3%
3 years +142.2%+463.6%-68.0% +73.0%
3 years, per year +34.3%+78.0%-31.6% +20.1%
5 years +460.8%+16.5%-59.2% +61.9%
5 years, per year +41.2%+3.1%-16.4% +10.1%
10 years —+68.3%— +258.6%
10 years, per year —+5.3%— +13.6%

Risk

MeasureKRYSMESOLEGNSPY
Volatility, 1Y 39.7%57.3%72.5% 12.8%
Downside volatility, 1Y 40.9%55.1%62.7% 12.8%
Beta vs S&P 500, 1Y 0.701.520.48 1.00
Return / volatility, 1Y 1.26-0.22-0.48 0.80
Max drawdown, 5Y -44.5%-87.9%-78.2% -25.4%
From 52-week high -21.8%-30.6%-41.8% -3.5%
52-week high $378.15$20.96$36.28 $779.14
52-week low $197.85$11.95$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.

MultipleKRYSMESOLEGN
P/E now vs peer median 36.2xmedian 17.4x -32.7xmedian 17.4x -42.4xmedian 17.4x
P/S now vs peer median 19.9xmedian 8.9x 15.7xmedian 8.9x 3.1xmedian 8.9x
EV/EBITDA now vs peer median 38.9xmedian 17.0x —median 17.0x 850.2xmedian 17.0x
P/FCF now vs peer median 34.0xmedian 21.4x -42.2xmedian 21.4x -60.2xmedian 21.4x
P/B now vs peer median 6.4xmedian 2.1x 3.3xmedian 2.1x 3.2xmedian 2.1x
PEG now vs peer median 0.70median 0.35 —median 0.35 -0.90median 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 monthsKRYSMESOLEGN
Revenue $440.53M – $1.27B
Gross profit $416.91M – $727.10M
Operating income $197.75M – -$55.25M
Net income $241.47M – -$80.39M
Free cash flow $257.78M – -$64.60M
R&D $59.23M – $396.15M
EPS (diluted) $7.88 – $-0.50
Cash & equivalents $427.74M $102.91M $672.90M
Total debt – $119.24M $156.40M
Shares (diluted) 30.66M 129.49M 184.32M
Enterprise value $5.53B $1.45B $1.39B

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
MetricKRYSMESOLEGN
P/E 36.2x -32.7x -42.4x
P/FCF 34.0x -42.2x -60.2x
P/Operating cash flow 32.2x – -43.5x
P/S 19.9x 15.7x 3.1x
P/B 6.4x 3.3x 3.2x
P/Tangible book 6.4x 3.3x 3.2x
EV/EBITDA 38.9x – 850.2x
EV/EBIT 40.0x – -61.0x
EV/Revenue 18.0x – 2.7x
EV/FCF 30.7x – -52.2x
EV/Operating cash flow 29.1x – -37.7x
PEG (3Y EPS CAGR) 0.70 – -0.90

Growth

14 metrics
MetricKRYSMESOLEGN
Revenue growth (1Y) 22.6% – 59.5%
Revenue CAGR (3Y) – – 97.6%
Gross profit growth (1Y) 24.3% – 42.4%
Gross profit CAGR (3Y) – – 147.5%
Operating income growth (1Y) 41.8% – 75.3%
Operating income CAGR (3Y) 48.8% – 49.1%
Net income growth (1Y) 64.6% – 75.3%
Net income CAGR (3Y) 54.9% – 46.7%
EPS growth (1Y) 59.7% – 72.0%
EPS CAGR (3Y) 51.8% – 47.0%
Operating cash flow growth (1Y) 39.4% – 67.5%
Operating cash flow CAGR (3Y) 67.0% – 37.1%
Free cash flow growth (1Y) 39.0% – 77.8%
Free cash flow CAGR (3Y) 58.6% – 44.5%

Profitability

14 metrics
MetricKRYSMESOLEGN
Gross margin 94.6% – 57.2%
EBITDA margin 46.2% – 0.3%
Operating margin 44.9% – -4.3%
Pretax margin 51.4% – -4.4%
Net margin 54.8% – -7.2%
FCF margin 58.5% – -5.1%
Operating cash flow margin 61.8% – -7.0%
Return on equity 18.3% – -8.3%
Return on assets 16.7% – -5.5%
Return on invested capital – – -4.2%
Return on capital employed 15.0% – -4.3%
Asset turnover 0.3x – 0.8x
Cash conversion (OCF / net income) 1.1x – 1.1x
Stock comp / revenue 12.4% – 5.2%

Financial Health

11 metrics
MetricKRYSMESOLEGN
Debt / assets – 15.4% 8.9%
Debt / equity – 0.2x 0.1x
Net debt / EBITDA – – -130.2x
Debt / FCF – – -2.4x
Liabilities / assets 9.4% 26.5% 29.8%
Equity / assets 90.6% 73.5% 70.2%
Interest coverage – – -4.8x
Current ratio 8.3x 2.4x 3.0x
Quick ratio 7.7x 2.0x 1.7x
Cash ratio 6.6x 1.3x 1.7x
Altman Z-score 38.73 – 6.65

Shareholder Returns

7 metrics
MetricKRYSMESOLEGN
Dividend yield – – –
Net buyback yield -0.5% – -5.5%
Shareholder yield -0.5% – -5.5%
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.

ConsensusKRYSMESOLEGN
Forward P/E 42.6xFY2026 – –
EPS, next fiscal year $6.94FY2026 $-0.15FY2027 $-0.04FY2026
EPS growth, next FY +1.5%FY2026 – –
EPS growth, the year after +25.5% – –
Revenue, next fiscal year $514.54MFY2026 $188.99MFY2027 $1.37BFY2026
Revenue growth, next FY +32.2%FY2026 +57.2%FY2027 +32.9%FY2026
Revenue growth, the year after +33.4% +110.3% +35.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersKRYSMESOLEGN
Held by institutions 99.8% 3.0% 55.9%
Institutions holding 422 73 218
Change in shares held, QoQ +4.6% +17.7% +7.3%
Institutions buying 271 34 117
Institutions selling 107 20 78
Buyers to sellers 2.53 1.70 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.

KRYSMESOLEGN
KRYS 1.00 0.17 0.07
MESO 0.17 1.00 0.13
LEGN 0.07 0.13 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, KRYS, MESO and LEGN?

Krystal Biotech (KRYS) is the largest by market capitalisation: Krystal Biotech (KRYS) $8.76B, Mesoblast (MESO) $1.88B, Legend Biotech (LEGN) $3.89B.

Which company is growing faster?

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

Which company is more profitable?

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

Which stock has performed better?

Over the past year Krystal Biotech (KRYS) returned the most: Krystal Biotech (KRYS) +49.8%, Mesoblast (MESO) -12.7%, Legend Biotech (LEGN) -34.9%. Over five years, Krystal Biotech (KRYS) compounded fastest (Krystal Biotech (KRYS) +41.2%/yr, Mesoblast (MESO) +3.1%/yr, Legend Biotech (LEGN) -16.4%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Krystal Biotech (KRYS) has been the steadiest (Krystal Biotech (KRYS) 39.7%, Mesoblast (MESO) 57.3%, Legend Biotech (LEGN) 72.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, KRYS, MESO 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 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.