KRYS vs VCEL vs LEGN Stock Comparison

Krystal Biotech, Vericel and Legend Biotech Prices as of Oct 26, 2026 Peers: Industry group
KRYS Krystal Biotech, Inc.
$313.66 -9.3% 1M +68.5% 1Y
Market cap
$9.42B
P/E
39.0x
Revenue (TTM)
$440.53M
Div. yield
–
Gene and Cell Therapy Healthcare
8 wins
VCEL Vericel Corp
$43.04 +8.4% 1M +18.5% 1Y
Market cap
$2.23B
P/E
92.0x
Revenue (TTM)
$306.30M
Div. yield
–
Gene and Cell Therapy Healthcare
LEGN Legend Biotech Corp
$20.39 +6.7% 1M -36.0% 1Y
Market cap
$3.94B
P/E
–
Revenue (TTM)
$1.27B
Div. yield
–
Gene and Cell Therapy Healthcare
1 win

Head to Head

9 decided of 12

Krystal Biotech leads on 8 of the 12 questions below (Krystal Biotech 8, Legend Biotech 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionKRYSVCELLEGNLeader
Larger companyMarket capitalisation $9.42B $2.23B $3.94B KRYS
Cheaper on earningsLower P/E, profitable companies only 39.0x 92.0x -43.0x KRYS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 45.2x 84.4x — KRYS
Faster revenue growthRevenue growth, trailing twelve months +22.6% +23.0% +59.5% LEGN
More profitableNet margin, trailing twelve months 54.8% 7.9% -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 +68.5% +18.5% -36.0% KRYS
Better 5-year returnAnnualised price return, 5 years +42.7%/yr -3.2%/yr -17.0%/yr KRYS
Less volatileAnnualised volatility, 1 year 38.1% 40.9% 72.1% KRYS
Higher overall scoreMean of the five percentile scores vs peers 85/100 81/100 72/100 KRYS

Percentile Scorecard

KRYSVCELLEGN

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

AxisKRYSVCELLEGN
Valuation 79 #133 of 626 81 #119 of 626 89 #71 of 626
Growth 93 #41 of 604 94 #37 of 604 97 #21 of 604
Profitability 97 #20 of 555 88 #68 of 555 80 #114 of 555
Financial Health 84 #104 of 658 69 #207 of 658 54 #306 of 658
Shareholder Returns 70 #110 of 368 73 #100 of 368 43 #212 of 368
Overall 85 81 72
  • KRYS ranked among 673 companies in Pharmaceuticals and Biotechnology
  • VCEL ranked among 673 companies in Pharmaceuticals and Biotechnology
  • LEGN ranked among 673 companies in Pharmaceuticals and Biotechnology

Price Performance

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

Returns

PeriodKRYSVCELLEGNSPY
1 month -9.3%+8.4%+6.7% -0.8%
3 months -10.8%-5.0%+5.8% +3.5%
6 months +15.0%+16.6%-13.8% +7.0%
Year to date +27.2%+19.5%-6.2% +12.2%
1 year +68.5%+18.5%-36.0% +13.0%
3 years +174.8%+31.1%-68.0% +86.3%
3 years, per year +40.1%+9.5%-31.6% +23.1%
5 years +490.4%-14.9%-60.6% +68.6%
5 years, per year +42.7%-3.2%-17.0% +11.0%
10 years —+1,693.3%— +258.0%
10 years, per year —+33.5%— +13.6%

Risk

MeasureKRYSVCELLEGNSPY
Volatility, 1Y 38.1%40.9%72.1% 12.7%
Downside volatility, 1Y 37.3%40.1%62.7% 12.7%
Beta vs S&P 500, 1Y 0.690.740.41 1.00
Return / volatility, 1Y 1.800.45-0.50 1.02
Max drawdown, 5Y -44.5%-65.4%-78.2% -25.4%
From 52-week high -17.1%-10.9%-43.8% -1.8%
52-week high $378.15$48.31$36.28 $779.14
52-week low $185.05$29.34$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.

MultipleKRYSVCELLEGN
P/E now vs peer median 38.4xmedian 17.1x 90.8xmedian 17.1x -41.0xmedian 17.1x
P/S now vs peer median 21.1xmedian 8.8x 7.2xmedian 8.8x 3.0xmedian 8.8x
EV/EBITDA now vs peer median 41.4xmedian 17.1x 65.0xmedian 17.1x -175.9xmedian 17.1x
P/FCF now vs peer median 36.0xmedian 18.0x 35.7xmedian 18.0x -58.2xmedian 18.0x
P/B now vs peer median 6.8xmedian 2.1x 6.0xmedian 2.1x 3.1xmedian 2.1x
PEG now vs peer median 0.74median 0.31 1.67median 0.31 -0.87median 0.31

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 monthsKRYSVCELLEGN
Revenue $440.53M $306.30M $1.27B
Gross profit $416.91M $228.38M $727.10M
Operating income $197.75M $18.24M -$55.25M
Net income $241.47M $24.22M -$80.39M
Free cash flow $257.78M $61.66M -$64.60M
R&D $59.23M $29.17M $396.15M
EPS (diluted) $7.88 $0.46 $-0.50
Cash & equivalents $427.74M $125.40M $672.90M
Total debt – – $1.06B
Shares (diluted) 30.66M 52.31M 184.32M
Enterprise value $6.19B $1.65B $1.44B

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
MetricKRYSVCELLEGN
P/E 38.4x 90.8x -41.0x
P/FCF 36.0x 35.7x -58.2x
P/Operating cash flow 34.1x 31.6x -42.0x
P/S 21.1x 7.2x 3.0x
P/B 6.8x 6.0x 3.1x
P/Tangible book 6.8x 6.0x 3.1x
EV/EBITDA 41.4x 65.0x -175.9x
EV/EBIT 42.7x 111.9x -58.7x
EV/Revenue 19.2x 6.7x 2.6x
EV/FCF 32.7x 33.1x -50.2x
EV/Operating cash flow 31.0x 29.3x -36.3x
PEG (3Y EPS CAGR) 0.74 1.67 -0.87

Growth

14 metrics
MetricKRYSVCELLEGN
Revenue growth (1Y) 22.6% 23.0% 59.5%
Revenue CAGR (3Y) – 19.8% 97.6%
Gross profit growth (1Y) 24.3% 24.8% 42.4%
Gross profit CAGR (3Y) – 23.9% 147.5%
Operating income growth (1Y) 41.8% 1,428% 75.3%
Operating income CAGR (3Y) 48.8% 47.8% 49.1%
Net income growth (1Y) 64.6% 240.8% 75.3%
Net income CAGR (3Y) 54.9% 56.6% 46.7%
EPS growth (1Y) 59.7% 228.1% 72.0%
EPS CAGR (3Y) 51.8% 54.3% 47.0%
Operating cash flow growth (1Y) 39.4% 47.5% 67.5%
Operating cash flow CAGR (3Y) 67.0% 33.7% 37.1%
Free cash flow growth (1Y) 39.0% 842.9% 77.8%
Free cash flow CAGR (3Y) 58.6% 43.2% 44.5%

Profitability

14 metrics
MetricKRYSVCELLEGN
Gross margin 94.6% 74.6% 57.2%
EBITDA margin 46.2% 10.2% -1.5%
Operating margin 44.9% 6.0% -4.3%
Pretax margin 51.4% 8.2% -4.4%
Net margin 54.8% 7.9% -7.2%
FCF margin 58.5% 20.1% -5.1%
Operating cash flow margin 61.8% 22.7% -7.0%
Return on equity 18.3% 6.9% -8.3%
Return on assets 16.7% 5.1% -5.5%
Return on invested capital – – -4.2%
Return on capital employed 15.0% 4.1% -4.3%
Asset turnover 0.3x 0.6x 0.8x
Cash conversion (OCF / net income) 1.1x 2.9x 1.1x
Stock comp / revenue 12.4% 12.2% 5.2%

Financial Health

11 metrics
MetricKRYSVCELLEGN
Debt / assets – – 8.9%
Debt / equity – – 0.1x
Net debt / EBITDA – – 28.0x
Debt / FCF – – -2.4x
Liabilities / assets 9.4% 26.4% 29.8%
Equity / assets 90.6% 73.6% 70.2%
Interest coverage – 28.5x -4.8x
Current ratio 8.3x 5.0x 3.0x
Quick ratio 7.7x 4.5x 1.7x
Cash ratio 6.6x 3.1x 1.7x
Altman Z-score 40.96 10.12 6.50

Shareholder Returns

7 metrics
MetricKRYSVCELLEGN
Dividend yield – – –
Net buyback yield -0.4% -0.3% -5.7%
Shareholder yield -0.4% -0.3% -5.7%
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.

ConsensusKRYSVCELLEGN
Forward P/E 45.2xFY2026 84.4xFY2026 –
EPS, next fiscal year $6.94FY2026 $0.51FY2026 $-0.04FY2026
EPS growth, next FY +1.5%FY2026 +59.4%FY2026 –
EPS growth, the year after +25.5% +74.5% –
Revenue, next fiscal year $514.54MFY2026 $324.56MFY2026 $1.37BFY2026
Revenue growth, next FY +32.2%FY2026 +17.5%FY2026 +32.9%FY2026
Revenue growth, the year after +33.4% +16.1% +35.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersKRYSVCELLEGN
Held by institutions 99.8% 100.0% 55.9%
Institutions holding 421 317 218
Change in shares held, QoQ +4.6% +0.4% +7.3%
Institutions buying 271 187 117
Institutions selling 106 98 78
Buyers to sellers 2.56 1.91 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.

KRYSVCELLEGN
KRYS 1.00 0.24 0.06
VCEL 0.24 1.00 0.14
LEGN 0.06 0.14 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, KRYS, VCEL and LEGN?

Krystal Biotech (KRYS) is the largest by market capitalisation: Krystal Biotech (KRYS) $9.42B, Vericel (VCEL) $2.23B, Legend Biotech (LEGN) $3.94B.

Which stock is cheaper, KRYS, VCEL and LEGN?

Krystal Biotech (KRYS) trades on the lowest price-to-earnings ratio (Krystal Biotech (KRYS) 39.0x, Vericel (VCEL) 92.0x, Legend Biotech (LEGN) -43.0x). On next year's consensus earnings, Krystal Biotech (KRYS) is cheapest (Krystal Biotech (KRYS) 45.2x, Vericel (VCEL) 84.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Legend Biotech (LEGN) grew revenue fastest over the trailing twelve months: Krystal Biotech (KRYS) +22.6%, Vericel (VCEL) +23.0%, Legend Biotech (LEGN) +59.5%.

Which company is more profitable?

Krystal Biotech (KRYS) has the highest net margin (Krystal Biotech (KRYS) 54.8%, Vericel (VCEL) 7.9%, Legend Biotech (LEGN) -7.2%).

Which stock has performed better?

Over the past year Krystal Biotech (KRYS) returned the most: Krystal Biotech (KRYS) +68.5%, Vericel (VCEL) +18.5%, Legend Biotech (LEGN) -36.0%. Over five years, Krystal Biotech (KRYS) compounded fastest (Krystal Biotech (KRYS) +42.7%/yr, Vericel (VCEL) -3.2%/yr, Legend Biotech (LEGN) -17.0%/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) 38.1%, Vericel (VCEL) 40.9%, Legend Biotech (LEGN) 72.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, KRYS, VCEL 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 8. 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.