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CorMedix Inc.CRMDCompetitor analysis, valuation and peers

United States · USD·Health Care›Biotechnology
Momentum laggard 12
Mkt cap
$415M
US dollars, full cap
Free float
92%
of shares outstanding
$/day
$11.6M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+38.7 pp
WACC 10.5%
Hurdle
n/a
no reverse DCF
Next earnings
5 days
11 Nov 2026
Close · USD$5.32
1D+1.7%
1W-6.6%
1M-27.3%
3M-29.4%
6M-32.8%
YTD-54.3%
1Y-52.3%
ATR %7.9%
Beta1.38
52w lowhigh59.1% off high

What CorMedix does

Employees: 191

CorMedix at a glance

Size CorMedix (CRMD) is a United States Health Care company (Biotechnology) with a market value of $415M, the 2835th largest of 3,117 United States companies the cockpit tracks. Shares closed at $5.32 on 6 Nov 2026.

Performance Over six months the shares fell 32.8%, against -18.4% for the median peer and -1.1% for the United States market (cap-weighted) — 7th lowest of 20 in its peer set.

Growth Revenue grew 280.5% over the last twelve months (peer median +12.9%); the operating margin is 47.0% (peer median -10.1%).

Valuation It trades at 0.7× enterprise value to sales against a peer median of 5.8× (cheapest of 17).

Capital Return on invested capital runs 38.7 points above its cost of capital (10.5% WACC).

Short interest Short interest is 18.8% of the free float (15 Oct 2026).

Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 82CRMD 69
Six months, rebased to 100: CorMedix against the median of its 20 peers (local-currency closes).

CorMedix financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$462M$312M$43.5M$0$65,408
Revenue growth—+617%—-100%—
Gross profit$383M$276M$40.3M-$205,562-$147,364
EBITDA$253M$165M-$21.9M-$48.8M-$30.4M
Net income$187M$163M-$17.9M-$46.3M-$29.7M
Free cash flow$250M$173M-$50.7M-$38.7M-$24.6M
Capital expenditure$3.52M$2.26M$115,730$327,300$219,360
Total debt$145M$149M$517,013$667,632$802,433

Quarterly statements and history in the cockpit →

CorMedix competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-75%-50%-25%0%-20%0%2509KMDA688687ARVNPRTA6998ALTPNV6589300966EDITPRTC67124760602480300683688098476830CRMD6-month return →1-month return →
Up and to the right = strong over both horizons. CorMedix is the large dot.

Fundamentals: revenue growth against valuation

0%+500%+1,000%+1,500%0×2,000×2509KMDA688687PRTA6998ALT476060476830CRMDRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. CorMedix is the large dot.

CorMedix competitors and peer comparison

How CorMedix compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

CorMedix against its 20 peers (data as of 6 Nov 2026)
MeasureCRMDPeer medianRank in peer set
1-month return-27.3%-9.6%3rd lowest of 21
6-month return-32.8%-18.4%7th lowest of 20
Distance from 52-week high-59.1%-44.7%6th lowest of 21
Revenue growth (TTM)+280.5%+12.9%3rd highest of 18
Operating margin47.0%-10.1%2nd highest of 18
EV / Sales0.7×5.8×cheapest of 17
ROIC minus cost of capital+38.7 pp-9.0 pp3rd highest of 16
EV / EBITDA1.2×17.0×cheapest of 5
Net debt / EBITDA-0.4×-1.8×most indebted of 6

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
CorMedix CRMDUnited States$415M-33%+280%47%0.7×n/an/a
Qyuns Therapeutics 2509.HKHong Kong$415M-17%+230%56%2.5×-20.2%n/a
Kamada KMDAUnited States$417M-15%+11%14%1.8×4.1%+6.5%
Beijing Kawin Technology Share-Holding 688687.SSChina$410M-19%+3%0%1.6×43.0%+8.9%
Arvinas ARVNUnited States$420M-37%-12%-10%n/an/an/a
Prothena PRTAUnited States$409M-26%+427%-110%2.4×n/an/a
Edding Genor 6998.HKHong Kong$408M-45%+1,418%26%0.9×-15.8%+197.3%
Altimmune ALTUnited States$405M-33%+55%-320,726%3,686.9×n/an/a
Polynovo PNV.AXAustralia$426M-12%+13%5%4.2×53.3%+37.6%
EirGenix 6589.TWTaiwan$427M+2%+27%-71%10.7×n/an/a
Hubei Goto Biopharm 300966.SZChina$427M-7%+6%-10%6.4×n/an/a
Editas Medicine EDITUnited States$395M-17%+21%-178%5.4×n/an/a
Zura Bio ZURAUnited States$394M-15%n/an/an/an/an/a
PureTech Health PRTC.LUnited Kingdom$394M-8%-4%-1,617%28.4×n/an/a
Ever Supreme Bio Technology 6712.TWOTaiwan$439M+9%+13%47%12.7×5.8%+70.5%
Onconic Therapeutics 476060.KSSouth Korea$391M-45%+179%21%5.7×2.0%+725.2%
TenNor Therapeutics Suzhou 6872.HKHong Kong$440Mn/an/an/an/an/an/a
Beijing Luzhu Biotechnology 2480.HKHong Kong$390M-33%n/an/an/an/an/a
Wuhan Hiteck Biological Pharma 300683.SZChina$443M-36%-30%-27%5.9×n/an/a
Shanghai Shen Lian Biomedical 688098.SSChina$444M-18%-17%-16%12.1×n/an/a
Rznomics 476830.KSSouth Korea$386M-79%-72%-1,440%244.5×n/an/a

Questions

Which companies are CorMedix's closest peers?
The cockpit's peer set: Qyuns Therapeutics (2509.HK), Kamada (KMDA), Beijing Kawin Technology Share-Holding (688687.SS), Arvinas (ARVN), Prothena (PRTA), Edding Genor (6998.HK), Altimmune (ALT), Polynovo (PNV.AX).
Is CorMedix expensive compared with its peers?
On ev / sales it trades at 0.7× against a peer median of 5.8×, cheapest of 17 in its peer set.
How has CorMedix stock performed?
Over six months to 6 Nov 2026 the shares returned -32.8% against -18.4% for the median peer; over one year -52.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.