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| Date | Value |
|---|---|
| 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 |