Tracon Pharmaceuticals Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Tracon Pharmaceuticals Inc (TCON) 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: Tracon Pharmaceuticals Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 11M vs 347M combined for tracked competitors (3.1% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-98.0% annualized vs trailing 12 months), vs decelerating (-55.0%) for its tracked peer group.
- Growth: Tracon Pharmaceuticals Inc generated -99.4% revenue growth year over year in Q2 2024, vs 808.8% for its tracked competitors combined.
- Profitability: Its -5,161.8% net margin compares with -475.1% for the peer group.
- Peer revenue share: Tracon Pharmaceuticals Inc accounted for 0.1% of combined revenue among its tracked peer group, down from 67.7% a year earlier.
- Peer differentiation: Revenue per employee of $0.26M compares with $0.27M for the peer group (0.9x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
TCON Sales vs. its Competitors, Q2 2024
Tracon Pharmaceuticals Inc reported revenue contraction of 99.39 % year on year in Q2 2024, below its competitors' combined revenue growth of 808.84 %.
With a net margin of -5,161.82 %, Tracon Pharmaceuticals Inc reported lower profitability than its competitors (-475.11 %).
Tracon Pharmaceuticals Inc generated 0.14 % of the combined sales of its peer group, down from 67.74 % a year earlier.
Tracon Pharmaceuticals Inc vs. its Competitors, Q2 2024
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 Tracon Pharmaceuticals Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Tracon Pharmaceuticals Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Tracon Pharmaceuticals Inc's competitor groups requires a Commercial License.
For context: the Biotechnology & Pharmaceuticals industry grew revenue 21.1% year over year, combined, vs -99.4% for Tracon Pharmaceuticals Inc. Tracon Pharmaceuticals Inc's share of combined industry revenue moved from 0.02% to 0.00%, a loss of 0.02 percentage points.
Tracon Pharmaceuticals 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 |
|---|---|---|---|---|
| Tracon Pharmaceuticals Inc | - | - | - | No |
| Competitors combined (9) | ||||
| High-Confidence Competitors (1) |
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.
TCON Stock Performance relative to its Competitors
TCON Stock Performance relative to High-Confidence Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Iovance Biotherapeutics inc | 282.9% | Outperformed |
| 2 | Fate Therapeutics Inc | 282.9% | Outperformed |
| 3 | Cardiff Oncology Inc | 282.9% | Outperformed |
| 4 | Intensity Therapeutics Inc | 282.9% | Outperformed |
| 5 | Pharmacyte Biotech Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Tracon Pharmaceuticals Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Tracon Pharmaceuticals Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Tracon Pharmaceuticals Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Tracon Pharmaceuticals Inc | 0.10 | 11.13 |
| Iovance Biotherapeutics inc | 6,671.80 | 324.97 |
| Fate Therapeutics Inc | 285.34 | 6.49 |
| Cardiff Oncology Inc | 82.76 | 0.51 |
| Surface Oncology Inc | 64.97 | 31.06 |
| Intensity Therapeutics Inc | 9.12 | - |
| SUBTOTAL | 7,124.03 | 388.77 |
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Sources: Tracon Pharmaceuticals 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 Tracon Pharmaceuticals Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Tracon Pharmaceuticals 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 |
|---|---|---|
| Ars Pharmaceuticals Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Tracon Pharmaceuticals 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.
Tracon Pharmaceuticals 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 |
|---|---|
| Iovance Biotherapeutics 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).
Tracon Pharmaceuticals 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 |
|---|---|---|---|
| Tracon Pharmaceuticals Inc | 0 | 258,814 | 120,814 |
| Iovance Biotherapeutics inc | 6,672 | 333,302 | -296,941 |
| Fate Therapeutics Inc | 285 | 40,317 | -782,584 |
| Cardiff Oncology Inc | 83 | 16,387 | -1,291,968 |
| Surface Oncology Inc | 65 | 554,661 | -1,651,875 |
| Intensity Therapeutics Inc | 9 | - | -697,688 |
| PEERS TOTAL | 7,124 | 273,651 | -571,672 |
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Tracon Pharmaceuticals 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 |
|---|---|
| Iovance Biotherapeutics inc | US 98.66 % |
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.
Tracon Pharmaceuticals Inc's Valuation vs Competitive Position
Valuation multiples vs the Biotechnology & Pharmaceuticals industry average (93 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 | -0.2x | 21.3x | -21.5x |
| P/B | -1.7x | 5.1x | -6.8x |
| Return on Equity | -237.65 % | industry aggregate | -227.91 % |
| Return on Invested Capital | 167.09 % | -6.17 % (avg) | 173.26 % |
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.
Tracon Pharmaceuticals 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 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -56.36 % | 153.84 % | - | - | - | - | - | - |
| Operating Margin | -753.15 % | -208.00 % | - | - | - | - | - | - |
| Return on Invested Capital | -50.46 % | -39.43 % | -48.95 % | -111.80 % | -61.96 % | -80.71 % | -1,971.31 % | 64.95 % |
| 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.
Tracon Pharmaceuticals 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
No rule matched.
Weaknesses
- Return on equity 227.9 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-98.0% annualized vs trailing 12 months).
Opportunities
- Industry revenue growing at a healthy 10.0% median pace.
- A meaningful share of tracked competitors (55.60 %) show financial-distress signals, a possible opening to gain share.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-55.0% 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.
Tracon Pharmaceuticals 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 |
|---|---|---|---|
| Tracon Pharmaceuticals Inc | 0.72 | 0.77 | - |
| Iovance Biotherapeutics inc | 1.26 | 3.60 | 0.00 |
| Fate Therapeutics Inc | 2.20 | 6.02 | - |
| Cardiff Oncology Inc | 1.25 | 3.63 | - |
| Surface Oncology Inc | 2.43 | 6.79 | 0.23 |
| Intensity Therapeutics Inc | 4.35 | 4.83 | - |
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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.
Tracon Pharmaceuticals 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 |
|---|---|---|---|
| Tracon Pharmaceuticals Inc | Q2 2024 | -99.4 % | - |
| Iovance Biotherapeutics inc | Q2 2026 | +65.7 % | - |
| Fate Therapeutics Inc | Q2 2026 | +9.2 % | - |
| Cardiff Oncology Inc | Q2 2026 | -14.0 % | - |
| Surface Oncology Inc | Q2 2023 | - | - |
| Intensity Therapeutics Inc | Q2 2026 | - | - |
| PEERS TOTAL | +40.2 % | - |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Tracon Pharmaceuticals 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 |
|---|---|---|---|
| Tracon Pharmaceuticals Inc | Q2 2024 | - | - |
| Iovance Biotherapeutics inc | Q2 2026 | -10.8 % | -27.1 % |
| Fate Therapeutics Inc | Q2 2026 | - | -94.1 % |
| Cardiff Oncology Inc | Q2 2026 | - | +69.2 % |
| Surface Oncology Inc | Q2 2023 | - | - |
| Intensity Therapeutics Inc | Q2 2026 | - | - |
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Tracon Pharmaceuticals Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Tracon Pharmaceuticals Inc | 57.29% | - | - |
| Iovance Biotherapeutics inc | - | - | - |
| Fate Therapeutics Inc | - | - | - |
| Cardiff Oncology Inc | - | - | - |
| Surface Oncology Inc | - | - | - |
| Intensity Therapeutics 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).
Tracon Pharmaceuticals Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Tracon Pharmaceuticals Inc | - | 0.01 |
| Iovance Biotherapeutics inc | - | 20.53 |
| Fate Therapeutics Inc | - | 43.96 |
| Cardiff Oncology Inc | 13.44 | 162.91 |
| Surface Oncology Inc | - | 2.09 |
| Intensity Therapeutics Inc | - | - |
| PEERS AVERAGE | - | 18.32 |
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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.