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← CockpitCompetitor Analysis › PACB Pacific Biosciences of California, Inc.Open in the cockpit ↗

Pacific Biosciences of California, Inc.PACBCompetitor analysis, valuation and peers

United States · USD·Health Care›Medical Specialties
Momentum leader 98
Mkt cap
$701M
US dollars, full cap
Free float
91%
of shares outstanding
$/day
$30.1M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-37.7 pp
WACC 10.7%
Hurdle
n/a
no reverse DCF
Next earnings
104 days
18 Feb 2027
Close · USD$2.25
1D-7.2%
1W-13.4%
1M-2.0%
3M+96.1%
6M+59.9%
YTD+20.6%
1Y+17.8%
ATR %12.9%
Beta2.11
52w lowhigh34.4% off high

What Pacific Biosciences of California does

Employees: 485

Pacific Biosciences of California at a glance

Size Pacific Biosciences of California (PACB) is a United States Health Care company (Medical Specialties) with a market value of $701M, the 2480th largest of 3,117 United States companies the cockpit tracks. Shares closed at $2.25 on 6 Nov 2026.

Performance Over six months the shares gained 59.9%, against -7.8% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 21 in its peer set.

Growth Revenue grew 2.0% over the last twelve months (peer median +6.2%); the operating margin is -101.7% (peer median 13.7%).

Valuation It trades at 7.6× enterprise value to sales against a peer median of 3.3× (4th most expensive of 21).

Capital Return on invested capital runs 37.7 points below its cost of capital (10.7% WACC).

Backlog Backlog (remaining performance obligations) was $43.8M at 30 Sep 2026, down 10% on a year earlier — 0.3 years of trailing revenue. Backlog detail →

Short interest Short interest is 15.1% of the free float (15 Oct 2026).

Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).

Relative performance

10015020011 May 202611 Aug 20266 Nov 2026PACB 167Peer median 93
Six months, rebased to 100: Pacific Biosciences of California against the median of its 20 peers (local-currency closes).

Pacific Biosciences of California financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$159M$160M$154M$201M$128M
Revenue growth—+4%-23%+56%—
Gross profit$54.6M-$319M$23.7M$40.3M$48.9M
EBITDA-$145M-$165M-$212M-$278M-$288M
Net income-$131M-$546M-$310M-$307M-$314M
Free cash flow-$123M-$114M-$212M-$275M-$280M
Capital expenditure$12.4M$7.71M$6.19M$8.84M$16.9M
Total debt$706M$702M$675M$934M$949M

Quarterly statements and history in the cockpit →

Pacific Biosciences of California 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%688085300326491000SNT7575MLAB688236300952688410002876QDEL1789300453688389301234300622CTKB6031224728INMDPACB6-month return →1-month return →
Up and to the right = strong over both horizons. Pacific Biosciences of California is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%+40%5×10×688085300326491000SNT7575MLAB688236300952688410002876QDEL17893004536883893012346031224728INMDPACBRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Pacific Biosciences of California is the large dot.

Pacific Biosciences of California competitors and peer comparison

How Pacific Biosciences of California 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.

Pacific Biosciences of California against its 20 peers (data as of 6 Nov 2026)
MeasurePACBPeer medianRank in peer set
1-month return-2.0%-0.8%10th lowest of 21
6-month return+59.9%-7.8%2nd highest of 21
Distance from 52-week high-34.4%-20.0%8th lowest of 21
Revenue growth (TTM)+2.0%+6.2%7th lowest of 21
Operating margin-101.7%13.7%lowest of 21
EV / Sales7.6×3.3×4th most expensive of 21
ROIC minus cost of capital-37.7 pp+4.1 pp2nd lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Pacific Biosciences of California PACBUnited States$701M+60%+2%-102%7.6×n/an/a
Shanghai Sanyou Medical 688085.SSChina$700M-21%+15%4%7.2×29.1%+6.8%
Shanghai Kinetic Medical 300326.SZChina$698M-7%-28%17%4.2×8.1%-1.9%
Livsmed 491000.KSSouth Korea$706M-47%+89%-59%17.2×n/an/a
Synektik SNT.WAPoland$713M+16%+50%24%3.0×0.1%+40.3%
Japan Lifeline 7575.TJapan$685M+16%+6%19%1.6×-9.7%+2.9%
Mesa Laboratories MLABUnited States$718M+23%+3%9%3.4×21.1%+13.2%
Beijing Chunlizhengda Medical Instruments 688236.SSChina$684M-21%-13%31%2.6×-5.4%+2.2%
Jiangsu Hanvo Safety Product 300952.SZChina$681M-21%+6%8%3.8×n/an/a
SWS Hemodialysis Care 688410.SSChina$723M-12%+31%19%3.7×16.7%+25.9%
Shenzhen Sunnypol Optoelectornics 002876.SZChina$728M-8%+29%5%1.6×11.1%+14.2%
QuidelOrtho QDELUnited States$734M-1%-5%-2%1.4×n/an/a
AK Medical 1789.HKHong Kong$664M-26%+16%26%2.2×-11.4%+6.7%
Jiang Xi Sanxin Medtec 300453.SZChina$741M-5%+12%18%2.8×-2.1%+11.8%
Shenzhen Lifotronic Technology 688389.SSChina$749M-11%+14%13%3.3×13.5%+13.3%
Anhui Hongyu Wuzhou Medical Manufacturer 301234.SZChina$750M+177%-14%3%11.1×33.5%-0.6%
Doctorglasses Chain 300622.SZChina$757M-10%+6%14%3.3×-2.4%+15.7%
Cytek Biosciences CTKBUnited States$758M+26%+5%-22%2.6×n/an/a
Cowealth Medical China 603122.SSChina$648M-28%-18%-5%6.8×n/an/a
SunMax Biotechnology 4728.TWOTaiwan$643M+1%+12%50%9.4×-0.7%+18.8%
InMode INMDUnited States$767M-5%-7%18%0.7×-10.5%+12.4%

Pacific Biosciences of California backlog

Pacific Biosciences of California reported $43.8M of remaining performance obligations at 30 Sep 2026, down 10% from a year earlier and down 9% from the previous quarter. That is 0.3 years of trailing revenue already under contract. Book-to-bill last quarter: 0.90.

Questions

Which companies are Pacific Biosciences of California's closest peers?
The cockpit's peer set: Shanghai Sanyou Medical (688085.SS), Shanghai Kinetic Medical (300326.SZ), Livsmed (491000.KS), Synektik (SNT.WA), Japan Lifeline (7575.T), Mesa Laboratories (MLAB), Beijing Chunlizhengda Medical Instruments (688236.SS), Jiangsu Hanvo Safety Product (300952.SZ).
Is Pacific Biosciences of California expensive compared with its peers?
On ev / sales it trades at 7.6× against a peer median of 3.3×, 4th most expensive of 21 in its peer set.
How has Pacific Biosciences of California stock performed?
Over six months to 6 Nov 2026 the shares returned +59.9% against -7.8% for the median peer; over one year +17.8%.
What is Pacific Biosciences of California's backlog?
Pacific Biosciences of California's remaining performance obligations (contracted revenue not yet recognised) were $43.8M at 30 Sep 2026, -10% on a year earlier.

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.