Stocktoria

HCW Biologics Inc. HCWB

Nasdaq · XNAS · stock · Pharmaceutical Preparations · website · IPO 2021-07-20

HCW Biologics Inc. statistics & valuation

P / B2.7×

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else is from filings.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021
Gross margin20.0%37.4%19.7%38.5%
Operating margin-24270.7%-1147.6%-905.0%-224.3%
Net margin-14677.1%-1169.7%-879.5%-221.7%
FCF margin-24693.2%-564.5%-1010.5%-307.4%
Return on assets-32.5%-99.3%-87.7%-31.8%-24.0%
Return on equity-287.9%443.5%-185.7%-39.8%-25.1%
Debt / equity0.00×-1.09×0.47×0.17×0.00×
Current ratio0.110.190.7311.5217.44
Revenue growth-97.9%-9.7%-57.7%-100.0%

Source: SEC EDGAR filings · CIK 0001828673 · as of 2025-12-31. Facts from filings plus Stocktoria's own computed scores — not investment advice.