Calliditas Therapeutics Ab's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Calliditas Therapeutics Ab (CALT) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Calliditas Therapeutics Ab vs Its Competitors
- TTM: Trailing 12-month revenue of 114M vs 73,397M combined for its competitors (0.2% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+354.1% annualized vs trailing 12 months), vs accelerating (+206.8%) for its tracked peer group.
- Growth: Calliditas Therapeutics Ab generated 49.7% revenue growth year over year in Q4 2023, vs -32.8% for its competitors combined.
- Profitability: Its -38.8% net margin compares with 17.4% for the peer group.
- Peer revenue share: Calliditas Therapeutics Ab accounted for 0.2% of combined revenue among its tracked peer group, up from 0.1% a year earlier.
- Peer differentiation: Revenue per employee of $1.34M compares with $9.47M for the peer group (0.1x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
CALT Sales vs. its Competitors, Q4 2023
Calliditas Therapeutics Ab reported revenue growth of 49.74 % year on year in Q4 2023, above its competitors' combined revenue change of -32.84 %.
With a net margin of -38.78 %, Calliditas Therapeutics Ab reported lower profitability than its competitors (17.44 %).
Calliditas Therapeutics Ab generated 0.23 % of the combined sales of its peer group, up from 0.10 % a year earlier.
API endpoints for this dataset
Calliditas Therapeutics Ab vs. its Competitors, Q4 2023
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Calliditas Therapeutics Ab reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Calliditas Therapeutics Ab and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Calliditas Therapeutics Ab | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (3) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Calliditas Therapeutics Ab's competitor groups requires a Commercial License.
For context: the Major Pharmaceutical Preparations industry grew revenue 8.9% year over year, combined, vs 49.7% for Calliditas Therapeutics Ab. Calliditas Therapeutics Ab's share of combined industry revenue moved from 0.02% to 0.02%, a gain of 0.01 percentage points.
Calliditas Therapeutics Ab's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Calliditas Therapeutics Ab | No | Yes | Yes | Yes |
| Competitors combined (30) | ||||
| High-Confidence Competitors (1) | ||||
| Similar Growth & Profitability (8) | 0.00 % (0 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 25.00 % (2 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
CALT Stock Performance relative to its Competitors
CALT Stock Performance relative to High-Confidence Competitors
CALT Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Amicus Therapeutics inc | 282.9% | Outperformed |
| 2 | Design Therapeutics Inc | 282.9% | Outperformed |
| 3 | Vertex Pharmaceuticals Inc | 282.9% | Outperformed |
| 4 | Kamada Ltd | 282.9% | Outperformed |
| 5 | Pepgen Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Calliditas Therapeutics Ab's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Calliditas Therapeutics Ab's Comment on Competition and Industry Peers
Publicly Traded Peers of Calliditas Therapeutics Ab
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Calliditas Therapeutics Ab |
1,073.44 | 113.85 |
 Vertex Pharmaceuticals Inc |
139,992.51 | 12,951.60 |
 Sanofi |
119,116.06 | 49,307.90 |
 Gsk Plc |
104,468.88 | 43,093.89 |
 Madrigal Pharmaceuticals Inc |
13,053.44 | 1,427.94 |
 Biomarin Pharmaceutical Inc |
11,081.09 | 3,655.13 |
| SUBTOTAL | 420,533.24 | 116,605.16 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Calliditas Therapeutics Ab versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Calliditas Therapeutics Ab's Competitors Named by the Company
Competitive relationships identified from Calliditas Therapeutics Ab reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Nefecon | Company report | 85% |
| TARPEYO | Company report | 85% |
| Kinpeygo | Company report | 85% |
| Genfit S a | Company report | 85% |
| Aurinia Pharmaceuticals Inc | Company report | 85% |
| Amicus Therapeutics inc | Company report | 85% |
| Ultragenyx Pharmaceutical Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Calliditas Therapeutics Ab's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Calliditas Therapeutics Ab's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Vertex Pharmaceuticals Inc | Pharmaceuticals 100.00 % |
| Madrigal Pharmaceuticals Inc | Reportable 100.00 % |
| Biomarin Pharmaceutical Inc | Reportable 100.00 % |
| Sarepta Therapeutics Inc | All Other Segments 100.00 % |
| Ardelyx inc | Reportable 100.00 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Calliditas Therapeutics Ab's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Calliditas Therapeutics Ab | 1,073 | 1,339,436 | -517,384 |
| Vertex Pharmaceuticals Inc | 139,993 | 31,979,259 | 9,817,037 |
| Sanofi | 119,116 | 21,607,316 | 3,889,794 |
| Gsk Plc | 104,469 | 169,660,977 | 32,662,867 |
| Madrigal Pharmaceuticals Inc | 13,053 | 1,560,590 | -169,905 |
| Biomarin Pharmaceutical Inc | 11,081 | 1,134,780 | -5,934 |
| PEERS TOTAL | 419,460 | 9,466,220 | 1,658,192 |
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Calliditas Therapeutics Ab's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Vertex Pharmaceuticals Inc | United States 63.04 % |
| Ultragenyx Pharmaceutical Inc | North America 52.02 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Calliditas Therapeutics Ab's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Major Pharmaceutical Preparations industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (447 companies). See the full Major Pharmaceutical Preparations industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | - | 38.09 % (avg) | - |
| Operating Margin | -30.91 % | industry median | +40.8 pp |
| EBITDA Margin | -37.87 % | -6.73 % (avg) | -31.1 pp |
| Capital Intensity (Capex / Revenue) | 1.06 % | 7.49 % (avg) | -6.4 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Calliditas Therapeutics Ab's Valuation vs Competitive Position
Valuation multiples vs the Major Pharmaceutical Preparations industry average (447 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Major Pharmaceutical Preparations industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 26.3x | - |
| EV / EBITDA | - | 15.1x | - |
| P/B | 15.1x | 4.2x | +10.8x |
| Return on Equity | -132.02 % | industry aggregate | -145.25 % |
| Return on Invested Capital | -47.19 % | -9.73 % (avg) | -37.46 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Calliditas Therapeutics Ab's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenue Growth | 500.00 % | 197.78 % | 42.92 % |
| Operating Margin | - | -52.55 % | -30.91 % |
| Return on Invested Capital | -23.73 % | -18.18 % | -47.19 % |
| P/E | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Calliditas Therapeutics Ab's Strategic Group Map
Calliditas Therapeutics Ab is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Calliditas Therapeutics Ab's trailing-12-month revenue growth of 42.9% and operating margin of -30.9% compares with an average of 37.1% growth and -26.7% margin across its 8 closest peers by combined growth, margin and ROIC -- Calliditas Therapeutics Ab sits above that peer average on growth and below it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Calliditas Therapeutics Ab's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 1.06 % vs industry average 7.49 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Calliditas Therapeutics Ab's dedicated Suppliers and Customers pages, not here.
Calliditas Therapeutics Ab's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Calliditas Therapeutics Ab falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Calliditas Therapeutics Ab's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 40.8 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+354.1% annualized vs trailing 12 months).
Weaknesses
- Return on equity 145.3 points below the industry aggregate.
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- A meaningful share of competitors (36.70 %) show financial-distress signals, a possible opening to gain share.
Threats
No rule matched.
Methodology: see Methodology: SWOT Analysis.
Calliditas Therapeutics Ab's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Calliditas Therapeutics Ab | 4.98 | 3.13 | 2.86 |
| Vertex Pharmaceuticals Inc | 1.30 | 2.83 | 0.06 |
| Sanofi | 0.27 | 1.09 | 0.20 |
| Gsk Plc | 0.16 | 0.82 | 0.87 |
| Madrigal Pharmaceuticals Inc | 0.83 | 3.39 | 0.60 |
| Biomarin Pharmaceutical Inc | 1.07 | 3.41 | 0.47 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Calliditas Therapeutics Ab's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Calliditas Therapeutics Ab | Q4 2023 | +42.9 % | - |
| Vertex Pharmaceuticals Inc | Q3 2026 | +11.8 % | -39.6 % |
| Sanofi | Q4 2025 | +10.9 % | +46.0 % |
| Gsk Plc | Q4 2025 | +7.5 % | +120.0 % |
| Madrigal Pharmaceuticals Inc | Q3 2026 | +50.1 % | - |
| Biomarin Pharmaceutical Inc | Q3 2026 | +32.0 % | - |
| PEERS TOTAL | +9.9 % | +67.8 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Calliditas Therapeutics Ab's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Calliditas Therapeutics Ab | Q4 2023 | +278.2 % | +384.0 % |
| Vertex Pharmaceuticals Inc | Q3 2026 | +26.8 % | -4.4 % |
| Sanofi | Q4 2025 | +9.3 % | - |
| Gsk Plc | Q4 2025 | +7.2 % | -0.6 % |
| Madrigal Pharmaceuticals Inc | Q3 2026 | - | +1.8 % |
| Biomarin Pharmaceutical Inc | Q3 2026 | +46.6 % | -18.9 % |
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Calliditas Therapeutics Ab's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Calliditas Therapeutics Ab | - | - | - |
| Vertex Pharmaceuticals Inc | 14.16% | 16.63% | 20.08% |
| Sanofi | 5.96% | 8.19% | 10.55% |
| Gsk Plc | 10.09% | 44.94% | 38.67% |
| Madrigal Pharmaceuticals Inc | - | - | - |
| Biomarin Pharmaceutical Inc | - | - | - |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Calliditas Therapeutics Ab's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Calliditas Therapeutics Ab | - | 9.43 |
| Vertex Pharmaceuticals Inc | 35.37 | 10.81 |
| Sanofi | 13.49 | 2.42 |
| Gsk Plc | 13.86 | 2.42 |
| Madrigal Pharmaceuticals Inc | - | 9.14 |
| Biomarin Pharmaceutical Inc | - | 3.03 |
| PEERS AVERAGE | 20.65 | 3.61 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.