Loading…
← CockpitCompetitor Analysis › CSTL Castle Biosciences, Inc.Open in the cockpit ↗

Castle Biosciences, Inc.CSTLCompetitor analysis, valuation and peers

United States · USD·Health Care›Medical Specialties

Genomic diagnostics company making tests that predict recurrence risk for skin cancers and other dermatologic and eye conditions.

Momentum leader 88
Mkt cap
$993M
US dollars, full cap
Free float
98%
of shares outstanding
$/day
$13.9M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-20.3 pp
WACC 9.7%
Hurdle
n/a
no reverse DCF
Next earnings
118 days
4 Mar 2027
Close · USD$32.52
1D-4.9%
1W-12.5%
1M-3.5%
3M+0.5%
6M+64.0%
YTD-16.4%
1Y-3.1%
ATR %5.9%
Beta1.10
52w lowhigh26.6% off high

What Castle Biosciences does

Genomic diagnostics company making tests that predict recurrence risk for skin cancers and other dermatologic and eye conditions.

Is paid per test by Medicare and private insurers rather than by the doctors who order them, so coverage decisions and the share of claims actually reimbursed matter as much as test volume. The melanoma and skin-cancer tests carry the business, with newer tests in other conditions still being established.

Products and services

  • DecisionDx-Melanoma
  • DecisionDx-SCC (squamous cell)
  • DecisionDx-UM (uveal melanoma)
  • Other dermatologic gene-expression tests

Customers

  • Dermatologists
  • Oncologists
  • Ophthalmologists

Where it sits in the supply chain

  • Diagnostics
  • Genomic/molecular diagnostics
  • Dermatologic and ocular cancer…

What could go right

  • Test adoption/reimbursement expansion
  • New test launches in adjacent dermatology conditions

What could go wrong

  • Reimbursement/payer coverage risk
  • Niche dermatologic testing market size

Moat: narrow (IP / patents, data). Proprietary gene-expression tests built on clinical outcome data guide treatment decisions, hard to replicate quickly.

Headquarters: Friendswood, Texas · Founded: 2007 · Employees: 883

Named competitors

Castle Biosciences at a glance

Size Castle Biosciences (CSTL) is a United States Health Care company (Medical Specialties) with a market value of $993M, the 2248th largest of 3,117 United States companies the cockpit tracks. Shares closed at $32.52 on 6 Nov 2026.

Performance Over six months the shares gained 64.0%, against -19.2% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 21 in its peer set.

Growth Revenue grew 3.2% over the last twelve months (peer median +10.2%); the operating margin is -9.0% (peer median 11.7%).

Valuation It trades at 2.1× enterprise value to sales against a peer median of 4.9× (3rd cheapest of 21).

Capital Return on invested capital runs 20.3 points below its cost of capital (9.7% WACC).

Short interest Short interest is 6.6% of the free float (15 Oct 2026).

Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).

Relative performance

10015020011 May 202611 Aug 20266 Nov 2026CSTL 171Peer median 81
Six months, rebased to 100: Castle Biosciences against the median of its 20 peers (local-currency closes).

Castle Biosciences financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$357M$344M$332M$220M$137M
Revenue growth—+4%+51%+60%—
Gross profit$265M$236M$259M$164M$95.4M
EBITDA-$16.5M-$2.04M$24.7M-$55.6M-$80.6M
Net income-$19.4M-$24.2M$18.2M-$57.5M-$67.1M
Free cash flow-$489,000$28.3M$43.2M-$13.8M-$45.9M
Capital expenditure$43.1M$36.0M$28.3M$13.6M$5.63M
Total debt$36.6M$37.0M$26.4M$15.3M$13.3M

Quarterly statements and history in the cockpit →

Castle Biosciences 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

-25%0%+25%+50%-20%0%+20%AORT688656688626EUZ688068CBLLKURN688575IART3016023002063011222906503015800965306888051302688277002658CSTL6-month return →1-month return →
Up and to the right = strong over both horizons. Castle Biosciences is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%5×10×15×AORT688656688626EUZ688068CBLLKURN688575IART3016023002063011222906503015800965306888051302300143688277002658CSTLRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Castle Biosciences is the large dot.

Castle Biosciences competitors and peer comparison

Head to head with its named competitors (CSTL vs MYGN vs VCYT vs NTRA)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
Castle Biosciences CSTL$993M+64%+3%-9%2.1×n/a
Myriad Genetics MYGN$566M+38%-3%-11%0.8×n/a
Veracyte VCYT$1.94B-40%+17%17%2.9×15.1%
Natera NTRA$44.8B+60%+38%-11%16.2×n/a

How Castle Biosciences 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.

Castle Biosciences against its 20 peers (data as of 6 Nov 2026)
MeasureCSTLPeer medianRank in peer set
1-month return-3.5%-1.8%11th highest of 21
6-month return+64.0%-19.2%highest of 21
Distance from 52-week high-26.6%-41.3%4th highest of 21
Revenue growth (TTM)+3.2%+10.2%7th lowest of 21
Operating margin-9.0%11.7%4th lowest of 21
EV / Sales2.1×4.9×3rd cheapest of 21
ROIC minus cost of capital-20.3 pp-0.9 pp2nd lowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Castle Biosciences CSTLUnited States$993M+64%+3%-9%2.1×n/an/a
Artivion AORTUnited States$985M-20%+16%7%2.8×n/an/a
HOB Biotech 688656.SSChina$972M-22%+6%7%15.6×40.1%+12.4%
Xiangyu Medical 688626.SSChina$969M-31%0%4%8.0×n/an/a
Eckert & Ziegler EUZ.DEGermany$969M-7%+4%25%2.5×7.2%+12.1%
Beijing Hotgen Biotech 688068.SSChina$966M-38%+8%-94%11.7×n/an/a
Ceribell CBLLUnited States$1.03B+32%+31%-70%8.6×n/an/a
Kuros Biosciences KURN.SWSwitzerland$953M+3%+41%6%5.6×n/an/a
Shenzhen YHLO Biotech 688575.SSChina$950M-20%+3%12%3.4×3.1%+12.7%
Integra LifeSciences IARTUnited States$1.04B-4%+1%12%1.6×5.2%+3.6%
Shantou Institute of Ultrasonic Instruments 301602.SZChina$944M-19%+4%30%13.5×13.1%+4.6%
Edan Instruments 300206.SZChina$1.05B-19%+14%17%2.7×7.7%-2.9%
Caina Technology 301122.SZChina$938M+60%+61%0%10.3×n/an/a
L&C BIO 290650.KSSouth Korea$1.07B-17%+53%17%12.8×n/an/a
Aidite (Qinhuangdao) Technology 301580.SZChina$919M-20%+17%18%4.2×19.9%+23.3%
Seegene 096530.KSSouth Korea$915M+26%+12%13%1.6×-3.4%-15.9%
Ningbo Jansen Superconducting Technologies 688805.SSChina$915M-30%+36%14%9.6×47.2%+17.1%
LifeTech Scientific 1302.HKHong Kong$914M-18%+1%12%4.0×13.3%+15.5%
INKON Life Technology 300143.SZChina$1.08B-14%+22%12%3.4×12.4%+12.9%
Tinavi Medical Technologies 688277.SSChina$1.08B-30%-2%-59%26.9×n/an/a
Beijing SDL Technology 002658.SZChina$910M-21%-13%9%3.5×18.0%+2.9%

Questions

Who are Castle Biosciences's main competitors?
Named competitors: Myriad Genetics (MYGN), Veracyte (VCYT), Exact Sciences (private or unlisted), Natera (NTRA). The cockpit's measured peer set (industry) also includes Artivion (AORT), HOB Biotech (688656.SS), Xiangyu Medical (688626.SS), Eckert & Ziegler (EUZ.DE), Beijing Hotgen Biotech (688068.SS), Ceribell (CBLL).
Is Castle Biosciences expensive compared with its peers?
On ev / sales it trades at 2.1× against a peer median of 4.9×, 3rd cheapest of 21 in its peer set.
How has Castle Biosciences stock performed?
Over six months to 6 Nov 2026 the shares returned +64.0% against -19.2% for the median peer; over one year -3.1%.

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.