QGEN vs CDXS Stock Comparison

Qiagen and Codexis Prices as of Oct 26, 2026 Peers: Industry group
QGEN Qiagen N.V.
$50.37 +14.0% 1M -3.0% 1Y
Market cap
$10.93B
P/E
26.7x
Revenue (TTM)
$2.10B
Div. yield
5.24%
Life Sciences Tools Healthcare
7 wins
CDXS Codexis, Inc.
$1.30 -1.5% 1M -51.9% 1Y
Market cap
$118.80M
P/E
–
Revenue (TTM)
$77.68M
Div. yield
–
Life Sciences Tools Healthcare
2 wins

Head to Head

9 decided of 12

Qiagen leads on 7 of the 12 questions below (Qiagen 7, Codexis 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionQGENCDXSLeader
Larger companyMarket capitalisation $10.93B $118.80M QGEN
Cheaper on earningsLower P/E, profitable companies only 26.7x -3.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.3x — –
Faster revenue growthRevenue growth, trailing twelve months +3.0% +35.9% CDXS
More profitableNet margin, trailing twelve months 19.5% -39.6% QGEN
Better return on capitalReturn on invested capital 7.9% -35.1% QGEN
Less leveragedLower net debt / EBITDA 1.3x 0.7x CDXS
Higher dividend yieldTrailing dividend yield 5.24% — –
Better 1-year returnPrice return, last 12 months -3.0% -51.9% QGEN
Better 5-year returnAnnualised price return, 5 years -3.3%/yr -47.8%/yr QGEN
Less volatileAnnualised volatility, 1 year 35.8% 86.8% QGEN
Higher overall scoreMean of the five percentile scores vs peers 73/100 47/100 QGEN

Percentile Scorecard

QGENCDXS

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

AxisQGENCDXS
Valuation 73 #22 of 80 39 #49 of 80
Growth 40 #45 of 74 69 #24 of 74
Profitability 94 #5 of 67 50 #34 of 67
Financial Health 59 #38 of 91 31 #63 of 91
Shareholder Returns 97 #2 of 35 47 #19 of 35
Overall 73 47
  • QGEN ranked among 95 companies in Medical Devices and Diagnostics
  • CDXS ranked among 95 companies in Medical Devices and Diagnostics

Price Performance

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

Returns

PeriodQGENCDXSSPY
1 month +14.0%-1.5% -0.8%
3 months +22.6%-16.1% +3.5%
6 months +32.2%-50.9% +7.0%
Year to date +6.4%-20.2% +12.2%
1 year -3.0%-51.9% +13.0%
3 years +25.0%-16.1% +86.3%
3 years, per year +7.7%-5.7% +23.1%
5 years -15.6%-96.1% +68.6%
5 years, per year -3.3%-47.8% +11.0%
10 years +75.9%-70.5% +258.0%
10 years, per year +5.8%-11.5% +13.6%

Risk

MeasureQGENCDXSSPY
Volatility, 1Y 35.8%86.8% 12.7%
Downside volatility, 1Y 30.5%91.4% 12.7%
Beta vs S&P 500, 1Y 0.471.86 1.00
Return / volatility, 1Y -0.08-0.60 1.02
Max drawdown, 5Y -48.2%-97.7% -25.4%
From 52-week high -9.5%-54.4% -1.8%
52-week high $55.66$2.85 $779.14
52-week low $32.63$0.98 $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.

MultipleQGENCDXS
P/E now vs peer median 26.7xmedian 29.3x -3.9xmedian 29.3x
P/S now vs peer median 5.2xmedian 2.6x 1.5xmedian 2.6x
EV/EBITDA now vs peer median 18.1xmedian 17.4x -5.0xmedian 17.4x
P/FCF now vs peer median 11.0xmedian 19.6x -9.8xmedian 19.6x
P/B now vs peer median 3.3xmedian 1.3x 3.6xmedian 1.3x
PEG now vs peer median 3.62median 0.84 -0.15median 0.84

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 monthsQGENCDXS
Revenue $2.10B $77.68M
Gross profit $1.31B $67.60M
Operating income $445.43M -$27.66M
Net income $409.32M -$30.72M
Free cash flow $991.33M -$12.18M
R&D $194.67M $48.74M
EPS (diluted) $1.87 $-0.34
Cash & equivalents $768.50M $27.17M
Total debt $6.86B $40.88M
Shares (diluted) 218.88M 91.05M
Enterprise value $6.70B -$138.24M

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
MetricQGENCDXS
P/E 26.7x -3.9x
P/FCF 11.0x -9.8x
P/Operating cash flow 16.7x -11.4x
P/S 5.2x 1.5x
P/B 3.3x 3.6x
P/Tangible book 3.6x 3.6x
EV/EBITDA 18.1x -5.0x
EV/EBIT 26.4x -3.8x
EV/Revenue 5.6x 1.3x
EV/FCF 11.9x -8.6x
EV/Operating cash flow 18.0x -10.1x
PEG (3Y EPS CAGR) 3.62 -0.15

Growth

14 metrics
MetricQGENCDXS
Revenue growth (1Y) 3.0% 35.9%
Revenue CAGR (3Y) 2.0% -7.8%
Gross profit growth (1Y) 1.7% 52.4%
Gross profit CAGR (3Y) 1.3% -2.6%
Operating income growth (1Y) -4.9% 51.7%
Operating income CAGR (3Y) 3.3% 22.8%
Net income growth (1Y) 143.9% 52.7%
Net income CAGR (3Y) 6.7% 18.5%
EPS growth (1Y) 12.5% 55.7%
EPS CAGR (3Y) 7.4% 26.2%
Operating cash flow growth (1Y) -3.0% 83.0%
Operating cash flow CAGR (3Y) 8.0% -152.3%
Free cash flow growth (1Y) 2.3% 82.0%
Free cash flow CAGR (3Y) 10.5% -26.3%

Profitability

14 metrics
MetricQGENCDXS
Gross margin 62.2% 87.0%
EBITDA margin 31.0% -27.0%
Operating margin 21.2% -35.6%
Pretax margin 22.0% -39.5%
Net margin 19.5% -39.6%
FCF margin 47.2% -15.7%
Operating cash flow margin 31.2% -13.4%
Return on equity 12.2% -80.6%
Return on assets 7.0% -24.6%
Return on invested capital 7.9% -35.1%
Return on capital employed 8.5% -27.3%
Asset turnover 0.4x 0.6x
Cash conversion (OCF / net income) 1.6x 0.3x
Stock comp / revenue 2.1% 9.9%

Financial Health

11 metrics
MetricQGENCDXS
Debt / assets 27.9% 34.0%
Debt / equity 0.5x 1.2x
Net debt / EBITDA 1.3x 0.7x
Debt / FCF 1.7x -3.4x
Liabilities / assets 43.0% 72.5%
Equity / assets 57.0% 27.5%
Interest coverage 11.3x –
Current ratio 2.8x 3.1x
Quick ratio 2.0x 2.9x
Cash ratio 1.4x 2.3x
Altman Z-score 4.08 -6.13

Shareholder Returns

7 metrics
MetricQGENCDXS
Dividend yield 5.2% –
Net buyback yield 0.6% -0.3%
Shareholder yield 5.8% -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.

ConsensusQGENCDXS
Forward P/E 21.3xFY2026 –
EPS, next fiscal year $2.36FY2026 $-0.37FY2026
EPS growth, next FY -0.8%FY2026 –
EPS growth, the year after +17.4% –
Revenue, next fiscal year $2.25BFY2026 $77.94MFY2026
Revenue growth, next FY +7.8%FY2026 +10.7%FY2026
Revenue growth, the year after -2.8% +9.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersQGENCDXS
Held by institutions 67.3% 71.0%
Institutions holding 337 148
Change in shares held, QoQ +16.5% -2.4%
Institutions buying 215 88
Institutions selling 86 36
Buyers to sellers 2.50 2.44

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.

QGENCDXS
QGEN 1.00 0.00
CDXS 0.00 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, QGEN and CDXS?

Qiagen (QGEN) is the largest by market capitalisation: Qiagen (QGEN) $10.93B, Codexis (CDXS) $118.80M.

Which company is growing faster?

Codexis (CDXS) grew revenue fastest over the trailing twelve months: Qiagen (QGEN) +3.0%, Codexis (CDXS) +35.9%.

Which company is more profitable?

Qiagen (QGEN) has the highest net margin (Qiagen (QGEN) 19.5%, Codexis (CDXS) -39.6%). On return on invested capital, Qiagen (QGEN) leads (Qiagen (QGEN) 7.9%, Codexis (CDXS) -35.1%).

Which stock has performed better?

Over the past year Qiagen (QGEN) returned the most: Qiagen (QGEN) -3.0%, Codexis (CDXS) -51.9%. Over five years, Qiagen (QGEN) compounded fastest (Qiagen (QGEN) -3.3%/yr, Codexis (CDXS) -47.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Qiagen (QGEN) 5.24%. Codexis (CDXS) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Qiagen (QGEN) has been the steadiest (Qiagen (QGEN) 35.8%, Codexis (CDXS) 86.8%). Volatility measures how widely the price swings, not the risk of the business.

Do QGEN and CDXS move together?

Their daily returns over the past year have a correlation of -0.00, a negative relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, QGEN and CDXS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Qiagen (QGEN) leads on 7. 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.