MESO vs KRYS vs VCEL Stock Comparison

Mesoblast, Krystal Biotech and Vericel Prices as of Oct 27, 2026 Peers: Industry group
MESO Mesoblast Ltd
$13.18 -12.8% 1M -21.1% 1Y
Market cap
$1.71B
P/E
–
Revenue (TTM)
—
Div. yield
–
Gene and Cell Therapy Healthcare
KRYS Krystal Biotech, Inc.
$320.58 -7.3% 1M +68.8% 1Y
Market cap
$9.49B
P/E
39.2x
Revenue (TTM)
$440.53M
Div. yield
–
Gene and Cell Therapy Healthcare
8 wins
VCEL Vericel Corp
$43.27 +9.0% 1M +18.6% 1Y
Market cap
$2.21B
P/E
91.2x
Revenue (TTM)
$306.30M
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, Vericel 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionMESOKRYSVCELLeader
Larger companyMarket capitalisation $1.71B $9.49B $2.21B KRYS
Cheaper on earningsLower P/E, profitable companies only -29.7x 39.2x 91.2x KRYS
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 46.2x 84.8x KRYS
Faster revenue growthRevenue growth, trailing twelve months — +22.6% +23.0% VCEL
More profitableNet margin, trailing twelve months — 54.8% 7.9% KRYS
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — — — –
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months -21.1% +68.8% +18.6% KRYS
Better 5-year returnAnnualised price return, 5 years +1.9%/yr +43.0%/yr -3.3%/yr KRYS
Less volatileAnnualised volatility, 1 year 54.8% 38.1% 40.8% KRYS
Higher overall scoreMean of the five percentile scores vs peers — 85/100 81/100 KRYS

Percentile Scorecard

MESOKRYSVCEL

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

AxisMESOKRYSVCEL
Valuation 70 #189 of 625 79 #131 of 625 82 #116 of 625
Growth – 93 #43 of 602 94 #38 of 602
Profitability – 96 #22 of 551 88 #66 of 551
Financial Health 44 #365 of 656 84 #105 of 656 69 #207 of 656
Shareholder Returns – 70 #109 of 365 73 #99 of 365
Overall – 85 81
  • MESO ranked among 672 companies in Pharmaceuticals and Biotechnology
  • KRYS ranked among 672 companies in Pharmaceuticals and Biotechnology
  • VCEL ranked among 672 companies in Pharmaceuticals and Biotechnology

Price Performance

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

Returns

PeriodMESOKRYSVCELSPY
1 month -12.8%-7.3%+9.0% -0.2%
3 months -8.8%-12.0%-7.4% +3.9%
6 months -13.4%+19.1%+21.4% +8.2%
Year to date -26.9%+30.0%+20.2% +12.9%
1 year -21.1%+68.8%+18.6% +12.3%
3 years +463.2%+180.8%+31.8% +87.4%
3 years, per year +78.0%+41.1%+9.7% +23.3%
5 years +9.7%+496.2%-15.3% +67.9%
5 years, per year +1.9%+43.0%-3.3% +10.9%
10 years +56.2%—+1,781.3% +261.1%
10 years, per year +4.6%—+34.1% +13.7%

Risk

MeasureMESOKRYSVCELSPY
Volatility, 1Y 54.8%38.1%40.8% 12.7%
Downside volatility, 1Y 54.9%37.3%40.1% 12.7%
Beta vs S&P 500, 1Y 1.520.690.74 1.00
Return / volatility, 1Y -0.391.810.46 0.97
Max drawdown, 5Y -87.9%-44.5%-65.4% -25.4%
From 52-week high -37.1%-15.2%-10.4% -1.2%
52-week high $20.96$378.15$48.31 $779.14
52-week low $11.95$185.05$29.34 $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.

MultipleMESOKRYSVCEL
P/E now vs peer median -29.7xmedian 17.2x 39.2xmedian 17.2x 91.2xmedian 17.2x
P/S now vs peer median 14.2xmedian 9.0x 21.5xmedian 9.0x 7.2xmedian 9.0x
EV/EBITDA now vs peer median —median 16.3x 42.4xmedian 16.3x 65.4xmedian 16.3x
P/FCF now vs peer median -38.2xmedian 18.7x 36.8xmedian 18.7x 35.9xmedian 18.7x
P/B now vs peer median 3.0xmedian 2.2x 7.0xmedian 2.2x 6.0xmedian 2.2x
PEG now vs peer median —median 0.33 0.76median 0.33 1.68median 0.33

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 monthsMESOKRYSVCEL
Revenue – $440.53M $306.30M
Gross profit – $416.91M $228.38M
Operating income – $197.75M $18.24M
Net income – $241.47M $24.22M
Free cash flow – $257.78M $61.66M
R&D – $59.23M $29.17M
EPS (diluted) – $7.88 $0.46
Cash & equivalents $102.91M $427.74M $125.40M
Total debt $119.24M – –
Shares (diluted) 129.49M 30.66M 52.31M
Enterprise value $1.27B $6.26B $1.63B

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
MetricMESOKRYSVCEL
P/E -29.7x 39.2x 91.2x
P/FCF -38.2x 36.8x 35.9x
P/Operating cash flow – 34.8x 31.8x
P/S 14.2x 21.5x 7.2x
P/B 3.0x 7.0x 6.0x
P/Tangible book 3.0x 7.0x 6.1x
EV/EBITDA – 42.4x 65.4x
EV/EBIT – 43.7x 112.5x
EV/Revenue – 19.6x 6.7x
EV/FCF – 33.5x 33.3x
EV/Operating cash flow – 31.7x 29.4x
PEG (3Y EPS CAGR) – 0.76 1.68

Growth

14 metrics
MetricMESOKRYSVCEL
Revenue growth (1Y) – 22.6% 23.0%
Revenue CAGR (3Y) – – 19.8%
Gross profit growth (1Y) – 24.3% 24.8%
Gross profit CAGR (3Y) – – 23.9%
Operating income growth (1Y) – 41.8% 1,428%
Operating income CAGR (3Y) – 48.8% 47.8%
Net income growth (1Y) – 64.6% 240.8%
Net income CAGR (3Y) – 54.9% 56.6%
EPS growth (1Y) – 59.7% 228.1%
EPS CAGR (3Y) – 51.8% 54.3%
Operating cash flow growth (1Y) – 39.4% 47.5%
Operating cash flow CAGR (3Y) – 67.0% 33.7%
Free cash flow growth (1Y) – 39.0% 842.9%
Free cash flow CAGR (3Y) – 58.6% 43.2%

Profitability

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

Financial Health

11 metrics
MetricMESOKRYSVCEL
Debt / assets 15.4% – –
Debt / equity 0.2x – –
Net debt / EBITDA – – –
Debt / FCF – – –
Liabilities / assets 26.5% 9.4% 26.4%
Equity / assets 73.5% 90.6% 73.6%
Interest coverage – – 28.5x
Current ratio 2.4x 8.3x 5.0x
Quick ratio 2.0x 7.7x 4.5x
Cash ratio 1.3x 6.6x 3.1x
Altman Z-score – 41.82 10.18

Shareholder Returns

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

ConsensusMESOKRYSVCEL
Forward P/E – 46.2xFY2026 84.8xFY2026
EPS, next fiscal year $-0.15FY2027 $6.94FY2026 $0.51FY2026
EPS growth, next FY – +1.5%FY2026 +59.4%FY2026
EPS growth, the year after – +25.5% +74.5%
Revenue, next fiscal year $188.99MFY2027 $514.54MFY2026 $324.56MFY2026
Revenue growth, next FY +57.2%FY2027 +32.2%FY2026 +17.5%FY2026
Revenue growth, the year after +110.3% +33.4% +16.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersMESOKRYSVCEL
Held by institutions 3.0% 99.8% 100.0%
Institutions holding 73 421 317
Change in shares held, QoQ +17.7% +4.6% +0.4%
Institutions buying 34 271 187
Institutions selling 20 106 98
Buyers to sellers 1.70 2.56 1.91

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.

MESOKRYSVCEL
MESO 1.00 0.16 0.10
KRYS 0.16 1.00 0.24
VCEL 0.10 0.24 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, MESO, KRYS and VCEL?

Krystal Biotech (KRYS) is the largest by market capitalisation: Mesoblast (MESO) $1.71B, Krystal Biotech (KRYS) $9.49B, Vericel (VCEL) $2.21B.

Which stock is cheaper, MESO, KRYS and VCEL?

Krystal Biotech (KRYS) trades on the lowest price-to-earnings ratio (Mesoblast (MESO) -29.7x, Krystal Biotech (KRYS) 39.2x, Vericel (VCEL) 91.2x). On next year's consensus earnings, Krystal Biotech (KRYS) is cheapest (Krystal Biotech (KRYS) 46.2x, Vericel (VCEL) 84.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

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

Which company is more profitable?

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

Which stock has performed better?

Over the past year Krystal Biotech (KRYS) returned the most: Mesoblast (MESO) -21.1%, Krystal Biotech (KRYS) +68.8%, Vericel (VCEL) +18.6%. Over five years, Krystal Biotech (KRYS) compounded fastest (Mesoblast (MESO) +1.9%/yr, Krystal Biotech (KRYS) +43.0%/yr, Vericel (VCEL) -3.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Krystal Biotech (KRYS) has been the steadiest (Mesoblast (MESO) 54.8%, Krystal Biotech (KRYS) 38.1%, Vericel (VCEL) 40.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, MESO, KRYS and VCEL?

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.