Macrogenics Inc. (MGNX) intrinsic value & 10-year financials
Macrogenics Inc. (MGNX) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 5.6% a year to $149.5M, with an average return on invested capital of 134.3%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $3.25
- Market cap
- $205.3M
- Revenue (FY2025)
- $149.5M
- Revenue growth (10-yr CAGR)
- 5.6%
- ROIC (10-yr avg)
- 134.3%
- Free cash flow (FY2025)
- -$83.0M
MGNX 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $149.5M | -$74.6M | -$1.18 | -$83.0M | -48.7% | 3415.7% |
| FY2024 | $150.0M | -$67.0M | -$1.07 | -$72.1M | -73.7% | -464.0% |
| FY2023 | $58.7M | -$9.1M | -$0.15 | -$80.0M | -286.4% | -231.9% |
| FY2022 | $151.9M | -$119.8M | -$1.95 | -$90.6M | -79.9% | -121.3% |
| FY2021 | $77.4M | -$202.1M | -$3.37 | -$150.0M | -261.9% | -146.4% |
| FY2020 | $104.9M | -$129.7M | -$2.47 | -$117.8M | -125.0% | -96.5% |
| FY2019 | $64.2M | -$151.8M | — | -$138.6M | -276.0% | -229.4% |
| FY2018 | $60.1M | -$171.5M | — | -$178.2M | -284.8% | -752.6% |
| FY2017 | $157.7M | -$19.6M | — | -$15.0M | -14.0% | -7.8% |
| FY2016 | $91.9M | -$58.5M | — | -$55.1M | -65.3% | -22.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
MACROGENICS INC has demonstrated mature, steady growth, with revenue compounding at 5.6% annually over the past decade.
MACROGENICS INC has historically struggled to out-earn its cost of capital, averaging just -37.7% ROIC.
MACROGENICS INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, MACROGENICS INC is modeled at 5.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-19.97 per share.