NovaBay [NBY] vs Third Harmonic Bio [THRD] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 17 vital metrics comparison: NovaBay Pharmaceuticals, Inc. wins in 6 metrics, Third Harmonic Bio, Inc. wins in 6 metrics, with 2 ties. Both stocks appear equally matched on key metrics.

View Metrics Details

Vital Metrics Comparison

Metric NovaBay Pharmaceuticals, Inc. Third Harmonic Bio, Inc. Better
P/E Ratio (TTM) 0.04 12.46 NovaBay Pharmaceuticals, Inc.
Price-to-Book Ratio N/A 0.89 N/A
Debt-to-Equity Ratio -0.03 1.10 Third Harmonic Bio, Inc.
PEG Ratio -2.38 0.17 Third Harmonic Bio, Inc.
EV/EBITDA -5.95 0.40 Third Harmonic Bio, Inc.
Profit Margin (TTM) 0.00% 0.00% Tie
Operating Margin (TTM) 350.10% 0.00% NovaBay Pharmaceuticals, Inc.
EBITDA Margin (TTM) 350.10% N/A N/A
Return on Equity 95.53% -19.94% NovaBay Pharmaceuticals, Inc.
Return on Assets (TTM) -76.11% -14.60% Third Harmonic Bio, Inc.
Free Cash Flow (TTM) $-8.43M $-34.51M NovaBay Pharmaceuticals, Inc.
1-Year Return -53.82% -53.82% Tie
Enterprise Value $45.09M $-25.82M NovaBay Pharmaceuticals, Inc.
Revenue per Share (TTM) $0 N/A N/A
Earnings per Share (Diluted) $-28.50 $-1.24 Third Harmonic Bio, Inc.
Beta (Stock Volatility) 0.16 2.13 NovaBay Pharmaceuticals, Inc.
Short % of Float 9.79% 5.17% Third Harmonic Bio, Inc.

NovaBay Pharmaceuticals, Inc. vs Third Harmonic Bio, Inc. Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
NovaBay Pharmaceuticals, Inc.0.87%-17.14%-11.45%-21.62%-78.11%-96.05%
Third Harmonic Bio, Inc.0.00%0.00%-1.28%4.47%56.40%56.40%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
NovaBay Pharmaceuticals, Inc.-53.82%-98.79%-99.97%-99.99%-100.00%-100.00%
Third Harmonic Bio, Inc.-53.82%-70.11%-70.11%-70.11%-70.11%-70.11%

Performance & Financial Health Analysis: NovaBay Pharmaceuticals, Inc. vs Third Harmonic Bio, Inc.

MetricNBYTHRD
Market Information
Market Cap i$34.35M$242.79M
Market Cap CategoryMicro capMicro cap
10 Day Avg. Volume i186,830173,590
90 Day Avg. Volume i486,346175,425
Last Close$1.16$5.38
52 Week Range$1.08 - $99.75$3.18 - $16.02
% from 52W High-98.84%-66.42%
All-Time High$130,156.25 (Oct 22, 2007)$24.59 (Oct 31, 2022)
% from All-Time High-100.00%-78.12%
Growth Metrics
Quarterly Revenue Growth-2.00%N/A
Quarterly Earnings Growth-1.23%N/A
Financial Health
Profit Margin (TTM) i0.00%0.00%
Operating Margin (TTM) i3.50%0.00%
Return on Equity (TTM) i0.96%-0.20%
Debt to Equity (MRQ) i-0.031.10
Cash & Liquidity
Book Value per Share (MRQ)$-0.92$6.06
Cash per Share (MRQ)$0.30$6.02
Operating Cash Flow (TTM) i$2.70M$-41,687,000
Levered Free Cash Flow (TTM) i$-4,935,750$-28,660,250
Dividends
Last 12-Month Dividend Yield iN/AN/A
Last 12-Month Dividend i$0.00N/A

Valuation & Enterprise Metrics Analysis: NovaBay Pharmaceuticals, Inc. vs Third Harmonic Bio, Inc.

MetricNBY (Apr 24, 2026)THRD (Aug 29, 2025)
Price Ratios
P/E Ratio (TTM) i0.0412.46
Forward P/E i-2.38-3.49
PEG Ratio i-2.380.17
Price to Sales (TTM) iN/AN/A
Price to Book (MRQ) iN/A0.89
Market Capitalization
Market Capitalization i$34.35M$242.79M
Enterprise Value i$45.09M$-25,821,452
Enterprise Value Metrics
Enterprise to Revenue iN/AN/A
Enterprise to EBITDA i-5.950.40
Risk & Other Metrics
Beta i0.162.13
Book Value per Share (MRQ) i$-0.92$6.06

Financial Statements Comparison: NovaBay Pharmaceuticals, Inc. vs Third Harmonic Bio, Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricNBY (2025)THRD (2024)
Revenue/Sales i00
Cost of Goods Sold iN/AN/A
COGS % of Revenue i--
Gross Profit iN/AN/A
Gross Margin i--
Research & Development iN/A36.50M
Operating Income (EBIT) i-7.59M-58.87M
Operating Margin i--
EBITDA i-7.47M-58.82M
EBITDA Margin i--
Pre-Tax Income i-33.22M-45.47M
Pre-Tax Income % of Revenue i--
Income Tax iN/AN/A
Income Tax % of Revenue i--
Net Income (Profit) i-22.14M-45.47M
Profit Margin i--

Balance Sheet & Liquidity Metrics

MetricNBY (2025)THRD (2024)
Cash & Equivalents i7.96M285.06M
Total Current Assets i8.68M290.54M
Total Current Assets % of Revenue i--
Total Current Liabilities i1.14M7.11M
Total Current Liabilities % of Revenue i--
Long-Term Debt i287,0002.35M
Long-Term Debt % of Revenue i--
Total Shareholders Equity i-23.18M285.15M
Retained Earnings i-210.42M-159.69M
Retained Earnings % of Revenue i--
Property, Plant & Equipment i00

Cash Flow Statement Comparison

MetricNBY (2025)THRD (2024)
Operating Cash Flow i-33.33M-33.88M
Operating Cash Flow % of Revenue i--
Capital Expenditures iN/A-10,000
Free Cash Flow i-8.43M-34.51M
FCF Margin i--
Debt Repayment i-2.50MN/A
Common Stock Repurchase i-175,000N/A

Short Interest & Institutional Ownership Analysis

MetricNBYTHRD
Shares Short i333,1201.42M
Short Ratio i0.696.95
Short % of Float i9.79%5.17%
Shares Outstanding i25.22M44.86M
Float Shares i2.62M15.60M
% Held by Insiders i90.14%9.11%
% Held by Institutions i5.34%80.12%
% Held by Public i4.52%10.77%

Dividend Analysis & Yield Comparison: NovaBay Pharmaceuticals, Inc. vs Third Harmonic Bio, Inc.

MetricNBYTHRD
Last 12-Month Dividend i$0.00N/A
Last 12-Month Dividend Yield iN/AN/A
3-Year Avg Annual Dividend i$0.00N/A
3-Year Avg Dividend Yield iN/AN/A
3-Year Total Dividends i$0.00N/A
Ex-Dividend DateN/AN/A