Protagonist [PTGX] vs Axsome Therapeutics [AXSM] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 19 vital metrics comparison: Protagonist Therapeutics Inc. wins in 8 metrics, Axsome Therapeutics Inc. wins in 10 metrics, with 0 ties. Axsome Therapeutics Inc. appears stronger overall.

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Vital Metrics Comparison

Metric Protagonist Therapeutics Inc. Axsome Therapeutics Inc. Better
P/E Ratio (TTM) 139.52 -50.54 Protagonist Therapeutics Inc.
Price-to-Book Ratio 10.79 105.31 Protagonist Therapeutics Inc.
Debt-to-Equity Ratio 1.68 247.03 Protagonist Therapeutics Inc.
PEG Ratio -1.05 0.79 Axsome Therapeutics Inc.
EV/EBITDA -39.56 -57.70 Protagonist Therapeutics Inc.
Profit Margin (TTM) -282.83% -28.69% Axsome Therapeutics Inc.
Operating Margin (TTM) -677.09% -18.38% Axsome Therapeutics Inc.
Return on Equity -20.18% -252.12% Protagonist Therapeutics Inc.
Return on Assets (TTM) -13.99% -16.81% Protagonist Therapeutics Inc.
Free Cash Flow (TTM) $56.08M $-93.89M Protagonist Therapeutics Inc.
1-Year Return 109.73% 122.97% Axsome Therapeutics Inc.
Price-to-Sales Ratio (TTM) 146.96 14.64 Axsome Therapeutics Inc.
Enterprise Value $6.21B $9.24B Axsome Therapeutics Inc.
EV/Revenue Ratio 134.85 14.47 Axsome Therapeutics Inc.
Gross Profit Margin (TTM) N/A 93.71% N/A
Revenue per Share (TTM) $1 $13 Axsome Therapeutics Inc.
Earnings per Share (Diluted) $-2.05 $-3.69 Protagonist Therapeutics Inc.
Beta (Stock Volatility) 2.11 0.47 Axsome Therapeutics Inc.
Short % of Float 16.13% 6.56% Axsome Therapeutics Inc.

Protagonist Therapeutics Inc. vs Axsome Therapeutics Inc. Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Protagonist Therapeutics Inc.2.34%-6.65%-4.13%4.50%10.85%9.44%
Axsome Therapeutics Inc.5.09%-0.45%4.37%42.32%57.95%30.66%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Protagonist Therapeutics Inc.109.73%253.05%186.01%760.50%760.50%760.50%
Axsome Therapeutics Inc.122.97%216.35%282.39%2,961.10%2,485.23%2,485.23%

Performance & Financial Health Analysis: Protagonist Therapeutics Inc. vs Axsome Therapeutics Inc.

MetricPTGXAXSM
Market Information
Market Cap i$6.76B$9.51B
Market Cap CategoryMid capMid cap
10 Day Avg. Volume i754,220592,425
90 Day Avg. Volume i902,710602,162
Last Close$95.41$233.47
52 Week Range$49.38 - $107.84$96.09 - $238.56
% from 52W High-11.53%-2.13%
All-Time High$106.90 (Apr 17, 2026)$238.56 (May 26, 2026)
% from All-Time High-10.75%-2.13%
Growth Metrics
Quarterly Revenue Growth-0.96%0.65%
Quarterly Earnings Growth-0.96%0.65%
Financial Health
Profit Margin (TTM) i-2.83%-0.29%
Operating Margin (TTM) i-6.77%-0.18%
Return on Equity (TTM) i-0.20%-2.52%
Debt to Equity (MRQ) i1.68247.03
Cash & Liquidity
Book Value per Share (MRQ)$9.82$1.74
Cash per Share (MRQ)$8.89$6.31
Operating Cash Flow (TTM) i$57.67M$-93,405,000
Levered Free Cash Flow (TTM) i$105.62M$-29,420,876
Dividends
Last 12-Month Dividend Yield iN/AN/A
Last 12-Month Dividend iN/AN/A

Valuation & Enterprise Metrics Analysis: Protagonist Therapeutics Inc. vs Axsome Therapeutics Inc.

MetricPTGX (Apr 19, 2026)AXSM (Apr 26, 2026)
Price Ratios
P/E Ratio (TTM) i139.52-50.54
Forward P/E i-244.0629.85
PEG Ratio i-1.050.79
Price to Sales (TTM) i146.9614.64
Price to Book (MRQ) i10.79105.31
Market Capitalization
Market Capitalization i$6.76B$9.51B
Enterprise Value i$6.21B$9.24B
Enterprise Value Metrics
Enterprise to Revenue i134.8514.47
Enterprise to EBITDA i-39.56-57.70
Risk & Other Metrics
Beta i2.110.47
Book Value per Share (MRQ) i$9.82$1.74

Financial Statements Comparison: Protagonist Therapeutics Inc. vs Axsome Therapeutics Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricPTGX (2025)AXSM (2025)
Revenue/Sales i46.02M638.50M
Cost of Goods Sold iN/A47.48M
COGS % of Revenue i0.0%7.4%
Gross Profit iN/A591.02M
Gross Margin i0.0%92.6%
Research & Development i159.29M183.28M
Operating Income (EBIT) i-158.13M-169.24M
Operating Margin i-343.6%-26.5%
EBITDA i-156.85M-160.17M
EBITDA Margin i-340.9%-25.1%
Pre-Tax Income i-129.31M-183.70M
Pre-Tax Income % of Revenue i-281.0%-28.8%
Income Tax i838,000-530,000
Income Tax % of Revenue i1.8%-0.1%
Net Income (Profit) i-130.15M-183.17M
Profit Margin i-282.8%-28.7%

Balance Sheet & Liquidity Metrics

MetricPTGX (2025)AXSM (2025)
Cash & Equivalents i128.39M322.93M
Total Current Assets i577.57M588.99M
Total Current Assets % of Revenue i1,255.2%92.2%
Total Current Liabilities i45.44M378.84M
Total Current Liabilities % of Revenue i98.8%59.3%
Long-Term Debt i8.04M145.13M
Long-Term Debt % of Revenue i17.5%22.7%
Total Shareholders Equity i614.71M88.30M
Retained Earnings i-470.67M-1.31B
Retained Earnings % of Revenue i-1,022.8%-204.5%
Property, Plant & Equipment i15.58M562,000

Cash Flow Statement Comparison

MetricPTGX (2025)AXSM (2025)
Operating Cash Flow i65.37M-185.86M
Operating Cash Flow % of Revenue i142.1%-29.1%
Capital Expenditures i-1.59M-480,000
Free Cash Flow i56.08M-93.89M
FCF Margin i121.9%-14.7%
Debt Repayment iN/A-334.11M
Common Stock Repurchase iN/AN/A

Short Interest & Institutional Ownership Analysis

MetricPTGXAXSM
Shares Short i8.63M2.83M
Short Ratio i8.934.92
Short % of Float i16.13%6.56%
Shares Outstanding i62.58M50.88M
Float Shares i51.94M43.24M
% Held by Insiders i1.23%15.47%
% Held by Institutions i113.64%76.52%
% Held by Public i-14.87%8.01%

Dividend Analysis & Yield Comparison: Protagonist Therapeutics Inc. vs Axsome Therapeutics Inc.

MetricPTGXAXSM
Last 12-Month Dividend iN/AN/A
Last 12-Month Dividend Yield iN/AN/A
3-Year Avg Annual Dividend iN/AN/A
3-Year Avg Dividend Yield iN/AN/A
3-Year Total Dividends iN/AN/A
Ex-Dividend DateN/AN/A