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← CockpitCompetitor Analysis › TECX Tectonic Therapeutic IncOpen in the cockpit ↗

Tectonic Therapeutic IncTECXCompetitor analysis, valuation and peers

United States · USD·Health Care›Miscellaneous Commercial Services
Momentum laggard 14
Mkt cap
$403M
US dollars, full cap
Free float
52%
of shares outstanding
$/day
$3.73M
20-day average traded
P/B
1.77×
price to book
ROE
-33.8%
delivered
Implied ROE
17.9%
what the price asks
Next earnings
139 days
25 Mar 2027
Close · USD$20.64
1D+6.3%
1W+4.3%
1M-9.3%
3M-36.9%
6M-28.8%
YTD-1.1%
1Y+25.6%
ATR %6.3%
Beta0.92
52w lowhigh47.8% off high

What Tectonic Therapeutic does

Employees: 60

Tectonic Therapeutic at a glance

Size Tectonic Therapeutic (TECX) is a United States Health Care company (Miscellaneous Commercial Services) with a market value of $403M, the 2852nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $20.64 on 6 Nov 2026.

Performance Over six months the shares fell 28.8%, against +9.6% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 8 in its peer set.

Valuation It trades at 1.77× book value against a peer median of 1.96× (4th cheapest of 8).

Price implies The share price implies a return on equity of about 17.9%; Tectonic Therapeutic delivers -33.8%, so the price asks more than the business earns today.

Short interest Short interest is 11.4% of the free float (15 Oct 2026).

Next results Next results expected around 25 Mar 2027 (exchange calendar; dates can move).

Relative performance

8010012014011 May 202611 Aug 20266 Nov 2026Peer median 116TECX 75
Six months, rebased to 100: Tectonic Therapeutic against the median of its 7 peers (local-currency closes).

Tectonic Therapeutic 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-$2.74M-$3.49M-$1.65M-$1.48M-$4.17M
EBITDA-$92.2M-$80.5M-$56.4M-$43.2M-$101M
Net income-$85.8M-$74.2M-$58.0M-$42.8M-$106M
Free cash flow-$72.4M-$60.3M-$59.2M-$41.0M-$97.5M
Capital expenditure$279,000$208,000$156,000$279,000$267,000
Total debt$4.40M$1.28M$3.30M$85.0M$16.5M

Quarterly statements and history in the cockpit →

Tectonic Therapeutic 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

0%+100%+200%0%+50%+100%OCSEVHSBCANLEVTOABISLNTECX6-month return →1-month return →
Up and to the right = strong over both horizons. Tectonic Therapeutic is the large dot.

Fundamentals: return on equity against price-to-book

-50%0%00×100×200×OCSEVHSBCANLEVTSLNTECXReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Tectonic Therapeutic is the large dot.

Capital: ROE delivered against the ROE the price implies

0%100%200%0%100%200%OCSEVHSBCANLEVTSLNTECXROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Tectonic Therapeutic is the large dot.

Tectonic Therapeutic competitors and peer comparison

How Tectonic Therapeutic 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.

Tectonic Therapeutic against its 7 peers (data as of 6 Nov 2026)
MeasureTECXPeer medianRank in peer set
1-month return-9.3%-2.6%3rd lowest of 8
6-month return-28.8%+9.6%3rd lowest of 8
Return on equity-33.8%-26.1%4th lowest of 8
Price / book1.77×1.96×4th cheapest of 8
ROE the price implies17.9%12.5%3rd most demanding of 8
ROE delivered-33.8%-26.1%4th lowest of 8

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Tectonic Therapeutic TECXUnited States$403M-29%n/a-34%1.77×17.9%-33.8%
Oculis OCSUnited States$462M-77%n/a-44%1.70×8.7%-44.2%
Evolent Health EVHUnited States$518M+10%-4%-79%1.35×12.5%-79.0%
SBC Medical SBCUnited States$518M+58%-7%19%1.96×11.7%19.3%
Adlai Nortye Ltd. Sponsored ADR ANLUnited States$619M-23%n/a-20%3.08×31.2%-20.3%
Evotec EVT.DEGermany$630M-33%-8%-26%0.84×9.5%-26.1%
OmniAb OABIUnited States$734M+29%+91%-17%2.94×17.2%-16.5%
Silence Therapeutics PLC Sponsored ADR SLNUnited States$1.23B+184%-97%-90%24.23×209.9%-90.2%

Questions

Which companies are Tectonic Therapeutic's closest peers?
The cockpit's peer set: Oculis (OCS), Evolent Health (EVH), SBC Medical (SBC), Adlai Nortye Ltd. Sponsored ADR (ANL), Evotec (EVT.DE), OmniAb (OABI), Silence Therapeutics PLC Sponsored ADR (SLN).
Is Tectonic Therapeutic expensive compared with its peers?
On price / book it trades at 1.77× against a peer median of 1.96×, 4th cheapest of 8 in its peer set. The share price implies a return on equity of about 17.9%; Tectonic Therapeutic delivers -33.8%, so the price asks more than the business earns today.
How has Tectonic Therapeutic stock performed?
Over six months to 6 Nov 2026 the shares returned -28.8% against +9.6% for the median peer; over one year +25.6%.

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.