Tradeup Acquisition's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Tradeup Acquisition (ESLA) 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: Tradeup Acquisition vs Its Competitors
- Scale: Tradeup Acquisition ranks #122 of 165 companies by market capitalization in the Biotechnology & Pharmaceuticals industry, holding 0.0% of industry market cap.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
API endpoints for this dataset
Tradeup Acquisition's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Tradeup Acquisition Corp | - | - | - | Yes |
| Competitors combined (43) | ||||
| High-Confidence Competitors (12) | ||||
| 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.
ESLA Stock Performance relative to its Competitors
ESLA Stock Performance relative to High-Confidence Competitors
ESLA 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 | Moderna Inc | 282.9% | Outperformed |
| 2 | Iovance Biotherapeutics inc | 282.9% | Outperformed |
| 3 | Immunitybio inc | 282.9% | Outperformed |
| 4 | Revolution Medicines Inc | 282.9% | Outperformed |
| 5 | Vir Biotechnology Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Tradeup Acquisition's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Tradeup Acquisition's Comment on Competition and Industry Peers
Publicly Traded Peers of Tradeup Acquisition Corp
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Tradeup Acquisition Corp |
32.13 | - |
 Gilead Sciences Inc |
213,758.37 | 30,988.00 |
 Moderna Inc |
99,830.34 | 2,228.00 |
 Revolution Medicines Inc |
40,715.12 | 29.51 |
 Biontech Se |
21,078.66 | 3,243.68 |
 Apogee Therapeutics Inc |
10,190.15 | - |
| SUBTOTAL | 433,457.40 | 39,207.59 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Tradeup Acquisition Corp versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Tradeup Acquisition's Competitors Named by the Company
Competitive relationships identified from Tradeup Acquisition reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Allogene Therapeutics | Company report | 85% |
| JW Therapeutics | Company report | 85% |
| Poseida Therapeutics | Company report | 85% |
| Mustang Bio | Company report | 85% |
| Kite Pharma, Inc. | Company report | 85% |
| Juno Therapeutics Inc. (Bristol Myers Squibb) | Company report | 85% |
| Novartis | Company report | 85% |
| Autolus Therapeutics PLC | Company report | 85% |
| Adaptimmune Therapeutics PLC | Company report | 85% |
| Horizon Therapeutics plc | Company report | 85% |
| Amgen, Inc. | Company report | 85% |
| TCR 2 Therapeutics | Company report | 85% |
| ADC Therapeutics SA | Company report | 85% |
| MorphoSys AG | Company report | 85% |
| TradeUP Global | Company report | 85% |
| TradeUP 88 | Company report | 85% |
Company report basis, confidence, active dates and source counts for Tradeup Acquisition's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Tradeup Acquisition'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 |
|---|---|
| Immunitybio inc | Reportable 100.00 % |
| Iovance Biotherapeutics inc | Single reportable segment 100.00 % |
| Vir Biotechnology Inc | Reportable -100.00 % |
| Recursion Pharmaceuticals Inc | Reportable 100.00 % |
| Novavax 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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Tradeup Acquisition'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 |
|---|---|---|---|
| Tradeup Acquisition Corp | 32 | - | -36,741 |
| Gilead Sciences Inc | 213,758 | 1,822,824 | -227,235 |
| Moderna Inc | 99,830 | 474,043 | -670,426 |
| Revolution Medicines Inc | 40,715 | 33,420 | -2,002,588 |
| Biontech Se | 21,079 | 415,483 | -164,532 |
| Apogee Therapeutics Inc | 10,190 | - | -1,127,866 |
| PEERS TOTAL | 433,425 | 1,061,558 | -403,300 |
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Tradeup Acquisition'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 |
|---|---|
| Gilead Sciences Inc | United States 76.66 % |
| Krystal Biotech Inc | United States 74.86 % |
| Immunitybio inc | United States 99.79 % |
| Iovance Biotherapeutics inc | US 98.66 % |
| Novavax inc | United States 68.88 % |
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.
Tradeup Acquisition's Position in Industry Market Structure
Market-capitalization share and concentration across all 157 companies in Tradeup Acquisition's industry classification, broader than the peer set above. Market cap in millions of $.Tradeup Acquisition ranks #122 of 157 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,408, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Amgen Inc | 253,085 | 26.48 % |
| 2 | Gilead Sciences Inc | 212,391 | 22.23 % |
| 3 | Moderna Inc | 99,830 | 10.45 % |
| 4 | Argenx Se | 64,151 | 6.71 % |
| 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 | Kymera Therapeutics Inc | 1,234 | 5.2% |
| 122 | Tradeup Acquisition Corp | 32 | 0.00 % |
Market cap and industry share for the rest of Tradeup Acquisition's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-10.
Tradeup Acquisition'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 |
|---|---|---|---|
| 117 | Instil Bio Inc | 43 | -54.54 % |
| 118 | Caribou Biosciences Inc | 41 | -80.38 % |
| 119 | Elutia Inc | 41 | -7.26 % |
| 120 | Xtant Medical Holdings Inc | 39 | -61.36 % |
| 121 | Exozymes Inc | 1,234 | 12.3% |
| 122 | Tradeup Acquisition Corp | 32 | -73.80 % |
| 123 | Pelthos Therapeutics Inc | 1,234 | 12.3% |
| 124 | Inmune Bio Inc | 1,234 | 12.3% |
| 125 | Aligos Therapeutics Inc | 1,234 | 12.3% |
| 126 | Metagenomi Therapeutics Inc | 1,234 | 12.3% |
| 127 | Tscan Therapeutics Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Tradeup Acquisition's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-10. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Tradeup Acquisition's Valuation vs Competitive Position
Valuation multiples vs the Biotechnology & Pharmaceuticals industry average (159 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 | - | 25.6x | - |
| EV / EBITDA | - | 16.7x | - |
| P/B | -6.9x | 5.3x | -12.2x |
| Return on Equity | - | industry aggregate | - |
| Return on Invested Capital | - | -10.86 % (avg) | - |
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.
Tradeup Acquisition'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 | 2025 |
|---|---|---|---|---|
| Revenue Growth | - | - | - | - |
| Operating Margin | - | - | - | - |
| Return on Invested Capital | - | -19.82 % | -122.60 % | - |
| 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.
Tradeup Acquisition's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Tradeup Acquisition falls in the Dog quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue 8.1% (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.
Tradeup Acquisition'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 1,408 (see Industry Market Structure & Concentration above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Tradeup Acquisition's dedicated Suppliers and Customers pages, not here.
Tradeup Acquisition's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Tradeup Acquisition 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.
Tradeup Acquisition'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
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.00x).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- A meaningful share of competitors (59.50 %) show financial-distress signals, a possible opening to gain share.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-3.6% annualized).
Methodology: see Methodology: SWOT Analysis.
Tradeup Acquisition'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 |
|---|---|---|---|
| Tradeup Acquisition Corp | 0.07 | 0.17 | - |
| Gilead Sciences Inc | - | 1.52 | 1.47 |
| Moderna Inc | 0.86 | 2.88 | 0.07 |
| Revolution Medicines Inc | 1.35 | 7.28 | 0.07 |
| Biontech Se | 3.58 | 7.54 | - |
| Apogee Therapeutics Inc | 6.02 | 25.28 | - |
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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.
Tradeup Acquisition'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 |
|---|---|---|---|
| Tradeup Acquisition Corp | Q2 2026 | - | - |
| Gilead Sciences Inc | Q3 2026 | +6.8 % | -20.4 % |
| Moderna Inc | Q2 2026 | +2.1 % | - |
| Revolution Medicines Inc | Q2 2026 | - | - |
| Biontech Se | Q4 2025 | +9.0 % | - |
| Apogee Therapeutics Inc | Q2 2026 | - | - |
| PEERS TOTAL | +11.6 % | - |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Tradeup Acquisition'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 |
|---|---|---|---|
| Tradeup Acquisition Corp | Q2 2026 | - | - |
| Gilead Sciences Inc | Q3 2026 | +0.1 % | +61.2 % |
| Moderna Inc | Q2 2026 | -21.8 % | +1,133.3 % |
| Revolution Medicines Inc | Q2 2026 | - | -69.3 % |
| Biontech Se | Q4 2025 | +23.9 % | -36.1 % |
| Apogee Therapeutics Inc | Q2 2026 | - | -99.2 % |
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Tradeup Acquisition's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Tradeup Acquisition Corp | - | - | - |
| Gilead Sciences Inc | - | - | - |
| Moderna Inc | - | - | - |
| Revolution Medicines Inc | - | - | - |
| Biontech Se | - | - | - |
| Apogee 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).
Tradeup Acquisition's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Tradeup Acquisition Corp | - | - |
| Gilead Sciences Inc | - | 6.90 |
| Moderna Inc | - | 44.81 |
| Revolution Medicines Inc | - | 1,379.71 |
| Biontech Se | - | 6.50 |
| Apogee Therapeutics Inc | - | - |
| PEERS AVERAGE | - | 11.06 |
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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.