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← CockpitCompetitor Analysis › ORKA Oruka Therapeutics, Inc.Open in the cockpit ↗

Oruka Therapeutics, Inc.ORKACompetitor analysis, valuation and peers

United States · USD·Health Care›Pharmaceuticals: Major

Clinical-stage biotech developing long-acting antibody drugs for psoriasis and other skin/inflammatory diseases.

Momentum leader 93
Mkt cap
$6.81B
US dollars, full cap
Free float
89%
of shares outstanding
$/day
$76.1M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-56.1 pp
WACC 6.4%
Hurdle
n/a
no reverse DCF
Next earnings
12 days
18 Nov 2026
Close · USD$102.86
1D+7.1%
1W+6.2%
1M+33.1%
3M-2.2%
6M+59.2%
YTD+239.4%
1Y+276.6%
ATR %5.1%
Beta1.43
52w lowhigh11.0% off high

What Oruka Therapeutics does

Clinical-stage biotech developing long-acting antibody drugs for psoriasis and other skin/inflammatory diseases.

Products and services

  • IL-17/IL-23 antibody pipeline (pre-commercial)

Where it sits in the supply chain

  • Pharmaceuticals
  • Biotech
  • Dermatology - immunology

What could go right

  • Potential for markedly less-frequent dosing than existing biologics

What could go wrong

  • Pre-revenue clinical-trial risk
  • Crowded, well-capitalized psoriasis biologics market

Moat: none (IP / patents). Pre-commercial; strategy is to engineer less-frequent-dosing antibodies against validated psoriasis targets.

Headquarters: Waltham, Massachusetts, United States · Founded: 2023 · Employees: 68

Named competitors

Oruka Therapeutics at a glance

Size Oruka Therapeutics (ORKA) is a United States Health Care company (Pharmaceuticals: Major) with a market value of $6.81B, the 974th largest of 3,117 United States companies the cockpit tracks. Shares closed at $102.86 on 6 Nov 2026.

Performance Over six months the shares gained 59.2%, against -0.2% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 21 in its peer set.

Capital Return on invested capital runs 56.1 points below its cost of capital (6.4% WACC).

Short interest Short interest is 9.2% of the free float (15 Oct 2026).

Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).

Relative performance

10015011 May 202611 Aug 20266 Nov 2026ORKA 157Peer median 101
Six months, rebased to 100: Oruka Therapeutics against the median of its 20 peers (local-currency closes).

Oruka Therapeutics financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$0$0$0$0$0
Revenue growth—————
Gross profit-$134,000-$83,000-$27,000-$111,000-$114,000
EBITDA-$155M-$122M-$88.1M-$7.18M-$9.73M
Net income-$133M-$105M-$83.7M-$5.34M-$9.93M
Free cash flow-$101M-$88.4M-$58.0M-$5.01M-$10.9M
Capital expenditure$235,000$209,000$189,000$0$2,000
Total debt$2.55M$1.93M$968,000$280,000$383,000

Quarterly statements and history in the cockpit →

Oruka Therapeutics 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%0%+20%688331ALKEM4528AMRXIONS0009996030870126Z0000963KNSABIOCONCYTKGRFLGNDMIRMALKSGLENMARKPRAXORKA6-month return →1-month return →
Up and to the right = strong over both horizons. Oruka Therapeutics is the large dot.

Oruka Therapeutics competitors and peer comparison

Head to head with its named competitors (ORKA vs JNJ vs NOVN.SW vs ABBV)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
Oruka Therapeutics ORKA$6.81B+59%n/an/an/an/a
Johnson & Johnson JNJ$665B+26%+8%26%7.0×3.5%
Novartis NOVN.SW$298B+15%-4%30%6.3×1.7%
AbbVie ABBV$515B+45%+11%36%8.9×-0.1%
Lilly (Eli) LLY$1.27T+43%+46%51%15.2×5.9%
Bristol Myers Squibb BMY$127B+12%+4%33%3.2×-12.9%
Alumis ALMS$805M-27%-63%-5,480%45.8×n/a
Takeda Pharmaceutical 4502.T$66.4B+24%+6%18%3.1×3.0%

How Oruka Therapeutics 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.

Oruka Therapeutics against its 20 peers (data as of 6 Nov 2026)
MeasureORKAPeer medianRank in peer set
1-month return+33.1%+2.7%highest of 21
6-month return+59.2%-0.2%2nd highest of 21
Distance from 52-week high-11.0%-16.4%9th highest of 21
ROIC minus cost of capital-56.1 pp+1.3 pp3rd 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
Oruka Therapeutics ORKAUnited States$6.81B+59%n/an/an/an/an/a
RemeGen 688331.SSChina$6.90B-26%+272%61%4.9×2.8%+303.3%
Alkem Laboratories ALKEM.NSIndia$6.67B-5%+13%17%4.2×24.3%+10.7%
ONO Pharmaceutical 4528.TJapan$7.01B+2%-2%22%2.0×-8.2%+10.8%
Amneal Pharmaceuticals AMRXUnited States$7.01B+53%+9%17%3.2×15.2%+8.7%
Ionis Pharmaceuticals IONSUnited States$6.55B-48%-7%-68%7.7×n/an/a
China Resources Sanjiu Medical & Pharmaceutical 000999.SZChina$6.48B0%+4%14%1.9×-6.3%+18.4%
Gan & Lee Pharmaceuticals 603087.SSChina$6.40B+21%+14%20%8.8×n/an/a
Samsung Epis 0126Z0.KSSouth Korea$6.39B-36%n/a-25%34.5×n/an/a
Huadong Medicine 000963.SZChina$7.29B-17%+2%9%1.1×-2.7%+5.3%
Bachem BANB.SWSwitzerland$7.32B+3%+5%19%8.7×n/an/a
Kiniksa Pharmaceuticals International KNSAUnited States$7.37B+60%+58%14%7.2×9.9%+45.5%
Biocon BIOCON.NSIndia$6.28B-4%+6%8%4.3×n/an/a
Cytokinetics CYTKUnited States$7.46B-30%-21%-1,046%111.8×n/an/a
Belite Bio, Inc. ADR BLTEUnited States$6.20B0%n/an/an/an/an/a
Grifols GRF.MCSpain$7.49B+23%0%16%2.3×6.8%+7.1%
Ligand Pharmaceuticals LGNDUnited States$6.12B+38%+1%14%26.9×57.8%+7.5%
Mirum Pharmaceuticals MIRMUnited States$6.12B-13%+42%-21%9.7×n/an/a
Alkermes Public ALKSUnited States$7.71B+31%+15%5%4.9×31.5%+7.3%
Glenmark Pharmaceuticals GLENMARK.NSIndia$7.73B+9%+33%20%4.1×20.0%+9.4%
Praxis Precision Medicines PRAXUnited States$7.75B-16%-100%n/an/an/an/a

Questions

Who are Oruka Therapeutics's main competitors?
Named competitors: Johnson & Johnson (JNJ), Novartis (NOVN.SW), AbbVie (ABBV), UCB (private or unlisted), Eli Lilly (LLY), Bristol-Myers Squibb (BMY). The cockpit's measured peer set (industry) also includes RemeGen (688331.SS), Alkem Laboratories (ALKEM.NS), ONO Pharmaceutical (4528.T), Amneal Pharmaceuticals (AMRX), Ionis Pharmaceuticals (IONS), China Resources Sanjiu Medical & Pharmaceutical (000999.SZ).
How has Oruka Therapeutics stock performed?
Over six months to 6 Nov 2026 the shares returned +59.2% against -0.2% for the median peer; over one year +276.6%.

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.