Candel Therapeutics (CADL) Equity Ratio (2020 - 2025)

Candel Therapeutics' (CADL) quarterly Equity Ratio came in at 0.41 in Q4 2025, down 33.18% year-on-year from 0.62 in Q4 2024, and down 51.55% quarter-over-quarter from 0.86 in Q3 2025.

Candel Therapeutics (CADL) Equity Ratio (2020 - 2025) Analysis & Trends

Candel Therapeutics has disclosed Equity Ratio across 6 years of filings, most recently posting 0.41 for Q4 2025.

  • Equity Ratio for Q4 2025 came in at 0.41, down 33.18% year-over-year; the trailing twelve-month figure through Dec 2025 was 0.41 (down 33.18% YoY), and the FY2025 annual result was 0.41, down 33.18% from the prior year.
  • Equity Ratio came in at 0.41 for Q4 2025 at Candel Therapeutics, down from 0.86 in the prior quarter.
  • In the past five years, Equity Ratio ranged from a high of 0.86 in Q3 2025 to a low of 1.4 in Q2 2021.
  • The 5-year median for Equity Ratio is 0.61 (2022), against an average of 0.37.
  • Across the five-year window, Equity Ratio slumped 254.19% in 2024 and surged 326.1% in 2025, its largest moves.
  • Candel Therapeutics' Equity Ratio stood at 0.72 in 2021, then decreased by 14.58% to 0.61 in 2022, then plunged by 49.63% to 0.31 in 2023, then surged by 100.64% to 0.62 in 2024, then slumped by 33.18% to 0.41 in 2025.
  • The last three Equity Ratio figures came in at 0.41 (Q4 2025), 0.86 (Q3 2025), and 0.85 (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - 191.07
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - 0.98
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - 0.04
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn 0.58
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 0.42
7 Psyence Biomedical 212.16 Bn 212.16 Bn - -
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 0.73
9 Abivax 91.96 Bn 91.96 Bn - 0.79
10 Candel Therapeutics 440.62 Mn 440.62 Mn - 0.41

Historic Data

Download Data
DateValue
Dec 31, 2025 0.41
Sep 30, 2025 0.86
Jun 30, 2025 0.85
Mar 31, 2025 0.78
Dec 31, 2024 0.62
Sep 30, 2024 -0.71
Jun 30, 2024 -0.38
Mar 31, 2024 0.19
Dec 31, 2023 0.31
Sep 30, 2023 0.46
Jun 30, 2023 0.52
Mar 31, 2023 0.59
Dec 31, 2022 0.61
Sep 30, 2022 0.61
Jun 30, 2022 0.64
Mar 31, 2022 0.63
Dec 31, 2021 0.72
Sep 30, 2021 0.66
Jun 30, 2021 -1.40
Dec 31, 2020 -0.62