Fate Therapeutics Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Fate Therapeutics Inc (FATE) 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: Fate Therapeutics Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 6M vs 122,113M combined for tracked competitors (0.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+28.3% annualized vs trailing 12 months), vs accelerating (+3.9%) for its tracked peer group.
- Growth: Fate Therapeutics Inc generated 9.2% revenue growth year over year in Q2 2026, vs 9.2% for its tracked competitors combined.
- Profitability: Its -1,448.6% net margin compares with -22.1% for the peer group.
- Scale: Fate Therapeutics Inc ranks #74 of 165 companies by market capitalization in the Biotechnology & Pharmaceuticals industry, holding 0.0% of industry market cap.
- Peer revenue share: Fate Therapeutics Inc accounted for 0.0% of combined revenue among its tracked peer group, up from 0.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.04M compares with $1.63M 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).
FATE Sales vs. its Competitors, Q2 2026
Fate Therapeutics Inc reported revenue growth of 9.18 % year on year in Q2 2026, below its competitors' combined revenue growth of 9.20 %.
With a net margin of -1,448.56 %, Fate Therapeutics Inc reported lower profitability than its competitors (-22.14 %).
Fate Therapeutics Inc generated 0.01 % of the combined sales of its peer group, up from 0.01 % a year earlier.
Fate 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 Fate Therapeutics Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Fate Therapeutics Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (8) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (10) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (3) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Fate Therapeutics Inc's competitor groups requires a Commercial License.
For context: the Biotechnology & Pharmaceuticals industry grew revenue 20.7% year over year, combined, vs 9.2% for Fate Therapeutics Inc. Fate Therapeutics Inc's share of combined industry revenue moved from 0.01% to 0.00%, a gain of 0.00 percentage points.
Fate 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 |
|---|---|---|---|---|
| Fate Therapeutics Inc | No | No | No | Yes |
| Competitors combined (53) | ||||
| High-Confidence Competitors (22) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 0.00 % (0 of 8) | 12.50 % (1 of 8) | 0.00 % (0 of 8) | 71.40 % (5 of 7) |
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.
FATE Stock Performance relative to its Competitors
FATE Stock Performance relative to High-Confidence Competitors
FATE Stock Performance relative to Similar-Size Competitors
FATE 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 | Moderna Inc | 282.9% | Outperformed |
| 2 | Iovance Biotherapeutics inc | 282.9% | Outperformed |
| 3 | Immix Biopharma Inc | 282.9% | Outperformed |
| 4 | Revolution Medicines Inc | 282.9% | Outperformed |
| 5 | Immunitybio inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Fate Therapeutics Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Fate Therapeutics Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Fate Therapeutics Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Fate Therapeutics Inc | 286.55 | 6.49 |
| Amgen Inc | 227,462.72 | 38,095.00 |
| Gilead Sciences Inc | 189,197.03 | 30,457.00 |
| Bristol myers Squibb Company | 130,826.24 | 49,186.00 |
| Moderna Inc | 78,517.44 | 2,228.00 |
| Revolution Medicines Inc | 42,545.68 | 29.51 |
| SUBTOTAL | 701,469.63 | 122,442.19 |
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Sources: Fate 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 Fate Therapeutics Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Fate 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 |
|---|---|---|
| Neximmune Inc | Named by the company | 85% |
| Nkgen Biotech Inc | Named by the company | 85% |
| NantKwest, Inc. | Named by the company | 85% |
| Regeneron Pharmaceuticals, Inc. | Named by the company | 85% |
| Incyte Corporation | Named by the company | 85% |
| Poseida Therapeutics, Inc. | Named by the company | 85% |
| Takeda Pharmaceutical Company Limited | Named by the company | 85% |
| Adaptimmune Therapeutics Plc | Named by the company | 85% |
| AbbVie Inc. | Named by the company | 85% |
| Nkarta, Inc. | Named by the company | 85% |
| Sana Biotechnology, Inc. | Named by the company | 85% |
| Cell Source Inc | Named by the company | 85% |
| Kite Pharma | Named by the company | 85% |
| Precision Biosciences, Inc. | Named by the company | 85% |
| Kiromic Biopharma Inc | Named by the company | 85% |
| Allogene Therapeutics Inc | Named by the company | 85% |
| Bristol-Myers Squibb Company | Named by the company | 85% |
| Novartis AG | Named by the company | 85% |
| Sanofi SA | Named by the company | 85% |
| Quoin Pharmaceuticals Ltd | Named by the company | 85% |
| Adicet Bio Inc | Named by the company | 85% |
| 2seventy bio, Inc. | Named by the company | 85% |
| Celularity Inc | Named by the company | 85% |
| Phoenix Biotech Acquisition Corp | Named by the company | 85% |
| Immunitybio inc | Named by the company | 85% |
| Senti Biosciences Holdings Inc | Named by the company | 85% |
| Immix Biopharma Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Fate 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.
Fate 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 |
|---|---|
| Amgen Inc | Reportable 100.00 % |
| Immunitybio inc | Reportable 100.00 % |
| Iovance Biotherapeutics inc | Single reportable segment 100.00 % |
| Immunocore Holdings Plc | Reportable 100.00 % |
| Geron Corporation | Reportable 99.93 % |
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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Fate 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 |
|---|---|---|---|
| Fate Therapeutics Inc | 287 | 40,317 | -782,584 |
| Amgen Inc | 227,463 | 2,930,385 | 672,538 |
| Gilead Sciences Inc | 189,197 | 1,791,588 | -190,588 |
| Bristol myers Squibb Company | 130,826 | 1,513,415 | 285,354 |
| Moderna Inc | 78,517 | 474,043 | -670,426 |
| Revolution Medicines Inc | 42,546 | 33,420 | -2,002,588 |
| PEERS TOTAL | 701,183 | 1,632,781 | 86,432 |
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Fate 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 |
|---|---|
| Gilead Sciences Inc | United States 70.78 % |
| Bristol myers Squibb Company | United States 67.79 % |
| Immunitybio inc | United States 98.99 % |
| Iovance Biotherapeutics inc | US 98.66 % |
| Agenus Inc | US 100.00 % |
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.
Fate Therapeutics Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 159 companies in Fate Therapeutics Inc's industry classification, broader than the peer set above. Market cap in millions of $.Fate Therapeutics Inc ranks #74 of 159 companies by market capitalization in its industry, holding 0.03 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,331, 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 | 226,707 | 26.02 % |
| 2 | Gilead Sciences Inc | 185,928 | 21.34 % |
| 3 | Moderna Inc | 76,517 | 8.78 % |
| 4 | Argenx Se | 63,326 | 7.27 % |
| 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% |
| 74 | Fate Therapeutics Inc | 276 | 0.03 % |
Market cap and industry share for the rest of Fate 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 2026-09-28.
Fate 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 |
|---|---|---|---|
| 69 | Century Therapeutics inc | 334 | 232.99 % |
| 70 | Cabaletta Bio Inc | 306 | -12.34 % |
| 71 | Invivyd Inc | 304 | -16.66 % |
| 72 | Palisade Bio Inc | 303 | 86.36 % |
| 73 | Editas Medicine Inc | 1,234 | 12.3% |
| 74 | Fate Therapeutics Inc | 276 | 135.98 % |
| 75 | Lexeo Therapeutics Inc | 1,234 | 12.3% |
| 76 | Artiva Biotherapeutics Inc | 1,234 | 12.3% |
| 77 | Lineage Cell Therapeutics Inc | 1,234 | 12.3% |
| 78 | Sab Biotherapeutics Inc | 1,234 | 12.3% |
| 79 | Sutro Biopharma Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Fate Therapeutics Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Fate Therapeutics Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Biotechnology & Pharmaceuticals industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (93 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | - | 68.46 % (avg) | - |
| Operating Margin | -2,058.08 % | industry median | -1,853.1 pp |
| EBITDA Margin | -1,291.77 % | -0.94 % (avg) | -1,290.8 pp |
| Capital Intensity (Capex / Revenue) | 57.22 % | 6.74 % (avg) | +50.5 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.
Fate Therapeutics 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.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 26.7x | - |
| EV / EBITDA | - | 21.3x | - |
| P/B | 1.5x | 5.1x | -3.6x |
| Return on Equity | -65.08 % | industry aggregate | -61.65 % |
| Return on Invested Capital | -32.60 % | -6.17 % (avg) | -26.43 % |
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.
Fate 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 15.44 % | 125.32 % | 194.33 % | 77.66 % | 72.44 % | -34.03 % | -78.55 % | -51.24 % |
| Operating Margin | -1,415.44 % | -943.14 % | -407.47 % | -388.56 % | -320.23 % | -299.86 % | -1,542.63 % | -2,222.45 % |
| Return on Invested Capital | -27.33 % | -23.33 % | -13.96 % | -12.97 % | -25.87 % | -22.59 % | -27.88 % | -29.52 % |
| 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.
Fate Therapeutics Inc's Strategic Group Map
Every company in Fate Therapeutics Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Fate Therapeutics Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
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.
Fate Therapeutics Inc's BCG Growth-Share Matrix
Relative market share (vs Fate 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.
Fate Therapeutics Inc falls in the Question Mark quadrant: relative market share of 0.00x 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.
Fate 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 1,331 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 57.22 % vs industry average 6.74 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Fate Therapeutics Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Fate 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.
Fate 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.
Fate 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.
Fate 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 (+28.3% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Operating margin 1,853.1 points below the industry median.
- Return on equity 61.7 points below the industry aggregate.
- Low relative market share vs the industry leader (0.00x).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- Industry revenue growing at a healthy 10.0% median pace.
- A meaningful share of tracked competitors (58.80 %) show financial-distress signals, a possible opening to gain share.
Threats
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
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.
Fate 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 |
|---|---|---|---|
| Fate Therapeutics Inc | 2.20 | 6.02 | - |
| Amgen Inc | 0.46 | 1.26 | 5.86 |
| Gilead Sciences Inc | - | 1.54 | 1.27 |
| Bristol myers Squibb Company | 0.49 | 1.35 | 2.31 |
| Moderna Inc | 0.86 | 2.88 | 0.07 |
| Revolution Medicines Inc | 1.35 | 7.28 | 0.07 |
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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.
Fate 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 |
|---|---|---|---|
| Fate Therapeutics Inc | Q2 2026 | +9.2 % | - |
| Amgen Inc | Q2 2026 | +9.5 % | +65.9 % |
| Gilead Sciences Inc | Q2 2026 | +10.2 % | - |
| Bristol myers Squibb Company | Q2 2026 | +5.7 % | +152.6 % |
| Moderna Inc | Q2 2026 | +2.1 % | - |
| Revolution Medicines Inc | Q2 2026 | - | - |
| PEERS TOTAL | +8.9 % | - |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Fate 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 |
|---|---|---|---|
| Fate Therapeutics Inc | Q2 2026 | - | -94.1 % |
| Amgen Inc | Q2 2026 | -6.6 % | +39.0 % |
| Gilead Sciences Inc | Q2 2026 | +5.2 % | +30.8 % |
| Bristol myers Squibb Company | Q2 2026 | +10.5 % | -15.5 % |
| Moderna Inc | Q2 2026 | -21.8 % | +1,133.3 % |
| Revolution Medicines Inc | Q2 2026 | - | -69.3 % |
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Fate Therapeutics Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Fate Therapeutics Inc | - | - | - |
| Amgen Inc | 9.48% | 13.08% | 89.32% |
| Gilead Sciences Inc | - | - | - |
| Bristol myers Squibb Company | 10.27% | 13.58% | 46.65% |
| Moderna Inc | - | - | - |
| Revolution Medicines 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).
Fate 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 |
|---|---|---|
| Fate Therapeutics Inc | - | 44.15 |
| Amgen Inc | 25.97 | 5.97 |
| Gilead Sciences Inc | - | 6.21 |
| Bristol myers Squibb Company | 14.06 | 2.66 |
| Moderna Inc | - | 35.24 |
| Revolution Medicines Inc | - | 1,441.74 |
| PEERS AVERAGE | 110.38 | 5.73 |
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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.