Relay Therapeutics Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Relay Therapeutics Inc (RLAY) 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: Relay Therapeutics Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 1M vs 2,310M combined for tracked competitors (0.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+101.4% annualized vs trailing 12 months), vs decelerating (-18.4%) for its tracked peer group.
- Growth: Relay Therapeutics Inc generated -48.3% revenue growth year over year in Q2 2026, vs 14.2% for its tracked competitors combined.
- Profitability: Its -23,916.3% net margin compares with -155.7% for the peer group.
- Scale: Relay Therapeutics Inc ranks #27 of 165 companies by market capitalization in the Biotechnology & Pharmaceuticals industry, holding 0.4% of industry market cap.
- Peer revenue share: Relay Therapeutics Inc accounted for 0.1% of combined revenue among its tracked peer group, down from 0.2% a year earlier.
- Peer differentiation: Revenue per employee of $0.00M compares with $1.01M for the peer group (0.0x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
RLAY Sales vs. its Competitors, Q2 2026
Relay Therapeutics Inc reported revenue contraction of 48.30 % year on year in Q2 2026, below its competitors' combined revenue growth of 14.22 %.
With a net margin of -23,916.29 %, Relay Therapeutics Inc reported lower profitability than its competitors (-155.70 %).
Relay Therapeutics Inc generated 0.07 % of the combined sales of its peer group, down from 0.16 % a year earlier.
Relay Therapeutics Inc vs. its Competitors, Q2 2026
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 an SEC filing; 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 Relay Therapeutics Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Relay Therapeutics Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (10) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Relay Therapeutics Inc's competitor groups requires a Commercial License.
For context: the Biotechnology & Pharmaceuticals industry grew revenue 21.1% year over year, combined, vs -48.3% for Relay Therapeutics Inc. Relay Therapeutics Inc's share of combined industry revenue moved from 0.00% to 0.00%, a gain of 0.00 percentage points.
Relay Therapeutics Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Relay Therapeutics Inc | - | - | - | - |
| Competitors combined (34) | ||||
| High-Confidence Competitors (1) | ||||
| Similar-Size Competitors (10) |
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.
RLAY Stock Performance relative to its Competitors
RLAY Stock Performance relative to High-Confidence Competitors
RLAY Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Absci Corp | 282.9% | Outperformed |
| 2 | Century Therapeutics inc | 282.9% | Outperformed |
| 3 | Inhibrx Biosciences Inc | 282.9% | Outperformed |
| 4 | Krystal Biotech Inc | 282.9% | Outperformed |
| 5 | 4d Molecular Therapeutics Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Relay Therapeutics Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Publicly Traded Peers of Relay Therapeutics Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Relay Therapeutics Inc | 3,785.17 | 0.70 |
| Argenx Se | 63,807.66 | 8,399.37 |
| Biontech Se | 23,767.57 | 3,243.68 |
| Krystal Biotech Inc | 10,179.35 | 440.48 |
| Blueprint Medicines Corporation | 8,615.12 | 562.12 |
| Scholar Rock Holding Corp | 6,290.96 | 47.30 |
| SUBTOTAL | 137,958.65 | 14,663.46 |
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Sources: Relay Therapeutics Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Relay Therapeutics Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Relay Therapeutics Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Absci Corp | Named by the company | 85% |
| Black Diamond Therapeutics Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Relay Therapeutics Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Relay Therapeutics Inc'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 |
|---|---|
| Blueprint Medicines Corporation | Single Reportable Segment 100.00 % |
| Biocryst Pharmaceuticals Inc | Reportable 100.00 % |
| Ginkgo Bioworks Holdings Inc | Reportable 100.00 % |
| Prime Medicine Inc | Reportable 100.00 % |
| Century Therapeutics inc | Single reportable segment 100.00 % |
Source: operating segment revenue as reported in each company's SEC filings (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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Relay Therapeutics Inc'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 |
|---|---|---|---|
| Relay Therapeutics Inc | 3,785 | 3,620 | -1,489,776 |
| Argenx Se | 63,808 | 7,316,521 | 1,125,466 |
| Biontech Se | 23,768 | 415,483 | -164,532 |
| Krystal Biotech Inc | 10,179 | 1,493,166 | 818,525 |
| Blueprint Medicines Corporation | 8,615 | 965,844 | -267,576 |
| Scholar Rock Holding Corp | 6,291 | 163,671 | -1,413,810 |
| PEERS TOTAL | 134,173 | 1,009,971 | -260,494 |
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Relay Therapeutics Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Krystal Biotech Inc | United States 75.19 % |
| 4d Molecular Therapeutics Inc | JP 97.05 % |
| Caribou Biosciences Inc | United States 94.16 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Relay Therapeutics Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 159 companies in Relay Therapeutics Inc's industry classification, broader than the peer set above. Market cap in millions of $.Relay Therapeutics Inc ranks #27 of 159 companies by market capitalization in its industry, holding 0.43 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,309, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Amgen Inc | 227,468 | 25.86 % |
| 2 | Gilead Sciences Inc | 184,934 | 21.02 % |
| 3 | Moderna Inc | 76,734 | 8.72 % |
| 4 | Argenx Se | 63,808 | 7.25 % |
| 5 | Revolution Medicines Inc | 1,234 | 5.2% |
| 6 | Biogen Inc | 1,234 | 5.2% |
| 7 | Biontech Se | 1,234 | 5.2% |
| 8 | Exelixis Inc | 1,234 | 5.2% |
| 9 | Neurocrine Biosciences Inc | 1,234 | 5.2% |
| 10 | Halozyme Therapeutics Inc | 1,234 | 5.2% |
| 27 | Relay Therapeutics Inc | 3,785 | 0.43 % |
Market cap and industry share for the rest of Relay Therapeutics Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-10-01.
Relay Therapeutics Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 22 | Cg Oncology Inc | 6,158 | 90.34 % |
| 23 | Crispr Therapeutics Ag | 5,350 | -14.47 % |
| 24 | Dbv Technologies S a | 4,912 | 13.30 % |
| 25 | Adaptive Biotechnologies Corporation | 4,551 | 90.31 % |
| 26 | Denali Therapeutics Inc | 1,234 | 12.3% |
| 27 | Relay Therapeutics Inc | 3,785 | 257.47 % |
| 28 | Tarsus Pharmaceuticals Inc | 1,234 | 12.3% |
| 29 | Beam Therapeutics Inc | 1,234 | 12.3% |
| 30 | Adma Biologics Inc | 1,234 | 12.3% |
| 31 | Biocryst Pharmaceuticals Inc | 1,234 | 12.3% |
| 32 | Recursion Pharmaceuticals Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Relay Therapeutics Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-10-01. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Relay Therapeutics Inc's Valuation vs Competitive Position
Valuation multiples vs the Biotechnology & Pharmaceuticals industry average (95 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 Biotechnology & Pharmaceuticals industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 26.7x | - |
| EV / EBITDA | - | 21.3x | - |
| P/B | 4.8x | 5.1x | -0.3x |
| Return on Equity | -42.27 % | industry aggregate | -38.84 % |
| Return on Invested Capital | -22.47 % | -5.98 % (avg) | -16.49 % |
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.
Relay Therapeutics Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue Growth | - | - | - | -10.50 % | - | - |
| Operating Margin | - | -1,204.02 % | -1,072.09 % | -1,460.11 % | - | - |
| Return on Invested Capital | - | -24.76 % | -16.13 % | -22.10 % | -23.73 % | -23.05 % |
| 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.
Relay Therapeutics Inc's BCG Growth-Share Matrix
Relative market share (vs Relay Therapeutics Inc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Relay Therapeutics Inc falls in the Question Mark quadrant: relative market share of 0.02x vs its largest competitor, in an industry growing revenue 10.0% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Relay Therapeutics Inc'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 |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 1,309 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Relay Therapeutics Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Relay Therapeutics Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Relay Therapeutics Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Relay Therapeutics Inc falls in the Low attractiveness / Low strength cell: Harvest / Divest.
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.
Relay Therapeutics Inc'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
- Latest-quarter revenue run-rate is accelerating (+101.4% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Return on equity 38.8 points below the industry aggregate.
- Low relative market share vs the industry leader (0.02x).
Opportunities
- Industry revenue growing at a healthy 10.0% median pace.
- A meaningful share of tracked competitors (48.40 %) show financial-distress signals, a possible opening to gain share.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-18.4% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Relay Therapeutics Inc'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 |
|---|---|---|---|
| Relay Therapeutics Inc | 3.61 | 20.10 | - |
| Argenx Se | 2.64 | 5.23 | - |
| Biontech Se | 3.58 | 7.54 | - |
| Krystal Biotech Inc | 5.21 | 9.38 | - |
| Blueprint Medicines Corporation | 0.36 | 3.16 | 2.48 |
| Scholar Rock Holding Corp | 5.93 | 7.21 | 0.58 |
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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.
Relay Therapeutics Inc'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 |
|---|---|---|---|
| Relay Therapeutics Inc | Q2 2026 | -48.3 % | - |
| Argenx Se | Q4 2025 | +89.1 % | +55.1 % |
| Biontech Se | Q4 2025 | +9.0 % | - |
| Krystal Biotech Inc | Q2 2026 | +24.1 % | +42.9 % |
| Blueprint Medicines Corporation | Q1 2025 | +55.5 % | -99.4 % |
| Scholar Rock Holding Corp | Q2 2026 | - | - |
| PEERS TOTAL | +54.7 % | - |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Relay Therapeutics Inc'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 |
|---|---|---|---|
| Relay Therapeutics Inc | Q2 2026 | - | - |
| Argenx Se | Q4 2025 | +44.6 % | +242.3 % |
| Biontech Se | Q4 2025 | +23.9 % | -36.1 % |
| Krystal Biotech Inc | Q2 2026 | - | +87.2 % |
| Blueprint Medicines Corporation | Q1 2025 | -12.2 % | +65.9 % |
| Scholar Rock Holding Corp | Q2 2026 | - | -99.5 % |
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Relay Therapeutics Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Relay Therapeutics Inc | - | - | - |
| Argenx Se | 14.88% | 14.81% | 17.64% |
| Biontech Se | - | - | - |
| Krystal Biotech Inc | 17.65% | 19.16% | 19.34% |
| Blueprint Medicines Corporation | - | - | - |
| Scholar Rock Holding Corp | - | - | - |
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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).
Relay Therapeutics Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Relay Therapeutics Inc | - | 5,446.29 |
| Argenx Se | 49.38 | 7.60 |
| Biontech Se | - | 7.33 |
| Krystal Biotech Inc | 41.51 | 23.11 |
| Blueprint Medicines Corporation | - | 15.33 |
| Scholar Rock Holding Corp | - | 133.00 |
| PEERS AVERAGE | - | 9.41 |
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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.