TXG vs CDXS Stock Comparison

10x Genomics and Codexis Prices as of Oct 26, 2026 Peers: Industry group
TXG 10x Genomics, Inc.
$72.96 -14.9% 1M +429.8% 1Y
Market cap
$9.51B
P/E
–
Revenue (TTM)
$616.91M
Div. yield
–
Life Sciences Tools Healthcare
6 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
1 win

Head to Head

7 decided of 12

10x Genomics leads on 6 of the 12 questions below (10x Genomics 6, Codexis 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTXGCDXSLeader
Larger companyMarket capitalisation $9.51B $118.80M TXG
Cheaper on earningsLower P/E, profitable companies only -126.2x -3.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — –
Faster revenue growthRevenue growth, trailing twelve months -4.3% +35.9% CDXS
More profitableNet margin, trailing twelve months -12.2% -39.6% TXG
Better return on capitalReturn on invested capital — -35.1% –
Less leveragedLower net debt / EBITDA — 0.7x –
Higher dividend yieldTrailing dividend yield — — –
Better 1-year returnPrice return, last 12 months +429.8% -51.9% TXG
Better 5-year returnAnnualised price return, 5 years -14.4%/yr -47.8%/yr TXG
Less volatileAnnualised volatility, 1 year 73.8% 86.8% TXG
Higher overall scoreMean of the five percentile scores vs peers 65/100 47/100 TXG

Percentile Scorecard

TXGCDXS

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

AxisTXGCDXS
Valuation 56 #36 of 80 39 #49 of 80
Growth 70 #23 of 74 69 #24 of 74
Profitability 67 #23 of 67 50 #34 of 67
Financial Health 69 #29 of 91 31 #63 of 91
Shareholder Returns 65 #13 of 35 47 #19 of 35
Overall 65 47
  • TXG 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

PeriodTXGCDXSSPY
1 month -14.9%-1.5% -0.8%
3 months +58.9%-16.1% +3.5%
6 months +227.5%-50.9% +7.0%
Year to date +347.3%-20.2% +12.2%
1 year +429.8%-51.9% +13.0%
3 years +100.4%-16.1% +86.3%
3 years, per year +26.1%-5.7% +23.1%
5 years -54.1%-96.1% +68.6%
5 years, per year -14.4%-47.8% +11.0%
10 years —-70.5% +258.0%
10 years, per year —-11.5% +13.6%

Risk

MeasureTXGCDXSSPY
Volatility, 1Y 73.8%86.8% 12.7%
Downside volatility, 1Y 66.1%91.4% 12.7%
Beta vs S&P 500, 1Y 2.211.86 1.00
Return / volatility, 1Y 5.82-0.60 1.02
Max drawdown, 5Y -96.1%-97.7% -25.4%
From 52-week high -25.4%-54.4% -1.8%
52-week high $97.74$2.85 $779.14
52-week low $12.44$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.

MultipleTXGCDXS
P/E now vs peer median -126.2xmedian 29.3x -3.9xmedian 29.3x
P/S now vs peer median 15.4xmedian 2.6x 1.5xmedian 2.6x
EV/EBITDA now vs peer median -212.9xmedian 17.4x -5.0xmedian 17.4x
P/FCF now vs peer median 78.3xmedian 19.6x -9.8xmedian 19.6x
P/B now vs peer median 11.5xmedian 1.3x 3.6xmedian 1.3x
PEG now vs peer median -4.70median 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 monthsTXGCDXS
Revenue $616.91M $77.68M
Gross profit $432.03M $67.60M
Operating income -$88.38M -$27.66M
Net income -$75.13M -$30.72M
Free cash flow $121.44M -$12.18M
R&D $226.80M $48.74M
EPS (diluted) $-0.58 $-0.34
Cash & equivalents – $27.17M
Total debt – $40.88M
Shares (diluted) 129.98M 91.05M
Enterprise value $9.31B -$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
MetricTXGCDXS
P/E -126.2x -3.9x
P/FCF 78.3x -9.8x
P/Operating cash flow 74.8x -11.4x
P/S 15.4x 1.5x
P/B 11.5x 3.6x
P/Tangible book 12.4x 3.6x
EV/EBITDA -212.9x -5.0x
EV/EBIT -107.0x -3.8x
EV/Revenue 15.3x 1.3x
EV/FCF 77.9x -8.6x
EV/Operating cash flow 74.4x -10.1x
PEG (3Y EPS CAGR) -4.70 -0.15

Growth

14 metrics
MetricTXGCDXS
Revenue growth (1Y) -4.3% 35.9%
Revenue CAGR (3Y) 2.8% -7.8%
Gross profit growth (1Y) -3.5% 52.4%
Gross profit CAGR (3Y) 1.1% -2.6%
Operating income growth (1Y) 12.1% 51.7%
Operating income CAGR (3Y) 20.9% 22.8%
Net income growth (1Y) 11.2% 52.7%
Net income CAGR (3Y) 24.2% 18.5%
EPS growth (1Y) 14.9% 55.7%
EPS CAGR (3Y) 26.8% 26.2%
Operating cash flow growth (1Y) 89.8% 83.0%
Operating cash flow CAGR (3Y) 135.5% -152.3%
Free cash flow growth (1Y) 113.5% 82.0%
Free cash flow CAGR (3Y) 44.7% -26.3%

Profitability

14 metrics
MetricTXGCDXS
Gross margin 70.0% 87.0%
EBITDA margin -7.2% -27.0%
Operating margin -14.3% -35.6%
Pretax margin -12.1% -39.5%
Net margin -12.2% -39.6%
FCF margin 19.7% -15.7%
Operating cash flow margin 20.6% -13.4%
Return on equity -9.2% -80.6%
Return on assets -7.3% -24.6%
Return on invested capital – -35.1%
Return on capital employed -9.8% -27.3%
Asset turnover 0.6x 0.6x
Cash conversion (OCF / net income) -1.7x 0.3x
Stock comp / revenue 16.0% 9.9%

Financial Health

11 metrics
MetricTXGCDXS
Debt / assets – 34.0%
Debt / equity – 1.2x
Net debt / EBITDA – 0.7x
Debt / FCF – -3.4x
Liabilities / assets 19.9% 72.5%
Equity / assets 80.1% 27.5%
Interest coverage – –
Current ratio 5.7x 3.1x
Quick ratio 0.8x 2.9x
Cash ratio 0.4x 2.3x
Altman Z-score 26.75 -6.13

Shareholder Returns

7 metrics
MetricTXGCDXS
Dividend yield – –
Net buyback yield -0.1% -0.3%
Shareholder yield -0.1% -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.

ConsensusTXGCDXS
EPS, next fiscal year $-0.78FY2026 $-0.37FY2026
Revenue, next fiscal year $580.49MFY2026 $77.94MFY2026
Revenue growth, next FY -9.7%FY2026 +10.7%FY2026
Revenue growth, the year after +24.6% +9.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTXGCDXS
Held by institutions 100.0% 71.0%
Institutions holding 389 148
Change in shares held, QoQ +2.4% -2.4%
Institutions buying 197 88
Institutions selling 137 36
Buyers to sellers 1.44 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.

TXGCDXS
TXG 1.00 0.11
CDXS 0.11 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, TXG and CDXS?

10x Genomics (TXG) is the largest by market capitalisation: 10x Genomics (TXG) $9.51B, Codexis (CDXS) $118.80M.

Which company is growing faster?

Codexis (CDXS) grew revenue fastest over the trailing twelve months: 10x Genomics (TXG) -4.3%, Codexis (CDXS) +35.9%.

Which company is more profitable?

10x Genomics (TXG) has the highest net margin (10x Genomics (TXG) -12.2%, Codexis (CDXS) -39.6%).

Which stock has performed better?

Over the past year 10x Genomics (TXG) returned the most: 10x Genomics (TXG) +429.8%, Codexis (CDXS) -51.9%. Over five years, 10x Genomics (TXG) compounded fastest (10x Genomics (TXG) -14.4%/yr, Codexis (CDXS) -47.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, 10x Genomics (TXG) has been the steadiest (10x Genomics (TXG) 73.8%, Codexis (CDXS) 86.8%). Volatility measures how widely the price swings, not the risk of the business.

Do TXG and CDXS move together?

Their daily returns over the past year have a correlation of 0.11, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, TXG 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, 10x Genomics (TXG) 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.