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Maravai LifeSciences Holdings, Inc. MRVI R2K

Healthcare · Biotechnology · United States
https://www.maravai.com

Maravai LifeSciences Holdings, Inc., a life sciences company, provides products that enable the development of drug therapies, vaccines, drug therapies, cell and gene therapies, and diagnostics North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin and Central America. It operates through two segments: TRILINK and CYGNUS. The TRILINK segment manufactures and sells products for use in the fields of gene therapy, vaccines, nucleoside chemistry, and oligonucleotide therapy, as well as molecular diagnostics, including reagents used in the chemical synthesis, modification, labelling, and purification of deoxyribonucleic acid (DNA) and ribonucleic acid (RNA). This segment also offers messenger RNA, oligonucleotides, CleanCap capping technology-based oligonucleotide building blocks, and custom enzyme development and manufacturing; and research products for labeling and detecting proteins in cells and tissue samples. The CYGNUS segment sells analytical products for use in biologic manufacturing process development, including custom product-specific development antibody and assay development services. This segment also provides HCP ELISA kits, other bioprocess impurity and contaminant ELISA kits, ancillary reagents, viral clearance prediction kits, and custom services. The company's products address the key phases of biopharmaceutical development and include nucleic acids for diagnostic and therapeutic applications, and antibody-based products to detect impurities during the production of biopharmaceutical products. It serves biopharmaceutical companies, and emerging biopharmaceutical and life sciences research companies; and academic research institutions and diagnostics companies. Maravai LifeSciences Holdings, Inc. was founded in 2014 and is headquartered in San Diego, California.

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$4.80
+113.33% 1Y

Market & Price

Market Cap
$1.77B
Current Price
$4.80
High / Low (52W)
$4.85 / $2.01
Beta
0.62

Valuation

Stock P/E
-
Industry PE
23.65
Forward P/E
-
PEG Ratio
-
Book Value
$1.43
Price to Book
3.35
P/S
8.65
EV/EBITDA
-26.68
Dividend Yield
-

Profitability & Returns

ROCE
-28.66%
ROE
-40.98%
ROA
-6.59%
Profit Margin
-51.07%
Op Margin
1.09%
EPS (Latest Qtr)
$-0.02
EPS (TTM)
$-0.71

Balance Sheet & Liquidity

Debt/Equity
0.85
Quick Ratio
4.68
Current Ratio
5.91
Debt
$315.03M
Total Assets
$770.58M
Current Assets
$296.25M
Working Capital
$251.33M

Ownership

Promoter Holding
13.85%
Chg in Prom Hold
0.09%
FII / Inst Holding
88.42%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$1.01B
Total Revenue (TTM)
$204.73M
EBITDA
$-38.02M
Free Cash Flow
$-11.33M
Operating Cash Flow
$-39.52M
Shares Outstanding
147.51M
Gross Margin
30.12%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
-40.53%
Profit 5Y
-53.13%
Revenue (YoY)
40.50%
Earnings (YoY)
-

PROS

  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Revenue declined at -40.5% CAGR over 5 years.
  • Earnings shrank at -53.1% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Healthcare).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 MRVI Maravai LifeSciences Holdings, Inc. R2K 4.80 - $1.77B - -28.66% -40.98% -40.53% -53.13%
2 LLY Eli Lilly and Company SPX 1,105.00 39.21 $985.37B 0.63% 38.44% 107.46% 31.69% 48.96%
3 JNJ Johnson & Johnson SPX 225.33 26.11 $542.42B 2.38% 23.13% 26.42% 5.60% 14.32%
4 UNH UnitedHealth Group Incorporated SPX 380.31 28.66 $345.38B 2.32% 9.60% 12.18% 11.35% -15.69%
5 MRK Merck & Co., Inc. SPX 118.72 33.44 $293.22B 2.86% 20.66% 18.94% 3.12% 7.93%
6 TMO Thermo Fisher Scientific Inc. SPX 492.51 27.11 $183.03B 0.38% 9.17% 13.52% -0.27% -1.19%
7 AMGN Amgen Inc. NDXSPX 336.79 23.42 $181.77B 2.99% 18.02% 101.32% 11.77% 5.58%
8 GILD Gilead Sciences, Inc. NDXSPX 134.43 18.29 $166.90B 2.44% 22.92% 43.36% 2.57% 22.83%
9 ISRG Intuitive Surgical, Inc. NDXSPXAI 424.64 51.53 $150.39B - 15.96% 17.23% 17.39% 29.26%
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Quarterly Results

Figures in USD.

Metric Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 50.98M46.91M87.86M148.21M217.78M204.81M244.29M242.73M191.26M79.03M68.91M66.86M64.18M69.42M69.03M46.85M47.40M41.63M49.87M65.84M
Cost of Revenue ---------------39.12M39.63M35.98M37.02M32.14M
Gross Profit --------------32.23M7.72M7.77M5.66M12.84M33.70M
Operating Expenses ---------------44.45M43.46M39.24M35.37M32.98M
Operating Income 34.82M8.12M45.72M91.19M153.53M155.38M167.37M180.70M116.90M2.53M-11.61M-15.42M-18.86M-13.44M-165.61M-36.73M-35.69M-33.59M-22.53M720.00K
EBITDA ----------------31.00M-51.92M-22.86M-41.72M12.20M
Interest Expense ---------------6.78M6.82M6.84M6.55M5.75M
Pretax Income ----------------52.69M-74.12M-45.15M-63.01M-6.53M
Tax Provision ---------------162.00K-4.29M-92.00K6.00K-151.00K
Net Income 23.39M1.42M38.95M23.10M49.14M53.96M66.86M71.24M44.47M-67.00K-6.54M-6.46M-12.08M-9.79M-97.07M-29.95M-39.59M-25.56M-35.68M-3.73M
Diluted EPS 0.090.000.120.240.440.440.500.530.340.00-0.05-0.05-0.09-0.07-0.68-0.21-0.27-0.18-0.24-0.02
R&D Expense 3.74M1.60M1.87M2.16M1.93M1.95M3.69M4.27M5.39M4.14M4.19M4.35M5.03M4.92M4.70M4.89M4.88M3.84M-3.89M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue 143.14M284.10M-883.00M288.94M259.19M185.74M
Cost of Revenue ---168.96M148.74M150.88M151.75M
Gross Profit ---714.04M140.20M108.31M33.99M
Operating Expenses ---147.63M168.67M180.99M162.52M
Operating Income 23.99M119.90M-566.42M-28.47M-72.68M-128.53M
EBITDA ---609.99M712.41M-156.92M-147.51M
Interest Expense ---20.41M45.89M47.70M26.99M
Pretax Income ---551.47M617.74M-261.48M-234.97M
Tax Provision ---60.81M756.11M-1.86M-4.21M
Net Income -4.47M88.97M-220.21M-119.03M-144.85M-130.77M
Diluted EPS -0.032.361.561.67-0.90-1.05-
R&D Expense 3.63M9.30M15.22M18.37M17.28M19.22M17.40M

Compounded Sales Growth

5 Years:-40.53%
1 Year:40.50%

Compounded Profit Growth

5 Years:-53.13%
1 Year:-

Stock Price Performance

1 Year:+113.33%
6 Months:+27.66%
3 Months:+34.83%
1 Month:+37.93%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2019Oct 2020Dec 2020Dec 2021Jan 2022Dec 2022Dec 2023Jun 2024Sep 2024Dec 2024Dec 2025
Total Assets --1.27B--2.28B1.49B1.44B1.28B1.01B770.58M
Current Assets -----847.90M699.91M--429.15M296.25M
Cash & Equivalents -----632.14M574.96M573.17M578.16M322.40M216.89M
Inventory -----43.15M51.40M--50.08M40.49M
Receivables -----138.62M54.60M--38.52M25.50M
Total Liabilities --1.12B--1.38B697.57M671.26M665.56M431.04M397.87M
Current Liabilities --130.78M--110.14M87.47M68.62M63.71M56.97M44.92M
Long Term Debt -400.00M528.61M-544.00M522.00M518.71M517.08M516.28M290.49M286.33M
Total Debt -----585.26M610.97M--376.69M364.71M
Total Equity 144.63M-88.51M--545.22M416.75M434.73M344.90M325.29M212.38M
Shares Outstanding -----131.69M132.23M--141.98M145.32M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 24.11M152.19M-535.98M126.22M7.46M-57.57M
Investing Cash Flow -17.15M6.07M--267.61M-122.31M-24.32M-31.41M
Financing Cash Flow -4.17M53.21M--187.50M-61.09M-235.71M-16.50M
Capital Expenditure -17.15M-25.41M--17.09M-65.55M-29.66M-13.15M
Free Cash Flow 6.97M126.78M-518.89M60.67M-22.19M-70.72M
Net Change in Cash ---80.87M-57.18M-252.56M-105.48M
Share Buybacks 033.66M00---

Ratios (Annual)

Figures in %.

Metric Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ---80.9%48.5%41.8%18.3%
Operating Margin % 16.8%42.2%-64.1%-9.9%-28.0%-69.2%
Net Margin % -3.1%31.3%-24.9%-41.2%-55.9%-70.4%
ROE % -3.1%100.5%-40.4%-28.6%-44.5%-61.6%
ROCE % -10.5%-26.1%-2.0%-7.6%-17.7%

Shareholding Pattern

Insiders
13.85%
Institutions
88.42%
Public Float
102.63%

Top Institutional Holders

#Holder% HeldSharesValue
1 GTCR, LLC 13.66% 20.15M $96.72M
2 Braidwell LP 6.94% 10.24M $49.15M
3 Blackrock Inc. 6.34% 9.35M $44.86M
4 12 West Capital Management Lp 4.92% 7.26M $34.85M
5 Mackenzie Financial Corporation 4.28% 6.31M $30.27M
6 Vanguard Capital Management LLC 3.69% 5.45M $26.16M
7 Renaissance Technologies, LLC 2.89% 4.26M $20.47M
8 Tejara Capital Ltd 2.37% 3.50M $16.78M
9 Monaco Asset Management SAM 2.32% 3.42M $16.42M
10 Morgan Stanley 2.25% 3.32M $15.93M

Analyst View

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