MRSN vs WALD

Comparison between Mersana Therapeutics Inc (MRSN, Company) and Waldencast plc - Class A (WALD, Company).

MRSN is from the Healthcare sector, while WALD is from the Consumer Defensive sector.

5-Year PerformanceWALD has outperformed MRSN, delivering a return of -32.5% compared to -42.3%

MRSN vs WALD - Performance Comparison

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Key Characteristics

Financial metrics and valuation ratios

Metric	MRSN(COMPANY)	WALD(COMPANY)
Market Cap	$145M	$146M
Max Drawdown	99.13%	93.35%
Sharpe Ratio	0.58	0.21
5Y Beta	N/A	1.32
Industry	Biotechnology	Household & Personal Products
P/E Ratio	-2.04	-0.64
Forward P/E	N/A	45.05
5Y EPS CAGR	-15.54%	N/A
Debt to Equity	0.00%	29.56%
Free Cash Flow Yield	-51.16%	-0.81%
P/S Ratio	N/A	0.64
P/B Ratio	N/A	0.39

Market Cap

MRSN

$145M

Winner

WALD

$146M

Max Drawdown

MRSN

99.13%

Winner

WALD

93.35%

Sharpe Ratio

Winner

MRSN

0.58

WALD

0.21

5Y Beta

MRSN

N/A

WALD

1.32

Industry

MRSN

Biotechnology

WALD

Household & Personal Products

P/E Ratio

Winner

MRSN

-2.04

WALD

-0.64

Forward P/E

MRSN

N/A

WALD

45.05

5Y EPS CAGR

MRSN

-15.54%

WALD

N/A

Debt to Equity

Winner

MRSN

0.00%

WALD

29.56%

Free Cash Flow Yield

MRSN

-51.16%

Winner

WALD

-0.81%

P/S Ratio

MRSN

N/A

WALD

0.64

P/B Ratio

MRSN

N/A

WALD

0.39

MRSN vs WALD - Historical Returns

Returns include dividend reinvestment.

Period	MRSN	WALD
1 month	+4.70%	-20.81%
3 months	+254.63%	-12.18%
6 months	+282.25%	-21.26%
1 year	-14.47%	-23.89%
5 years(CAGR)	-42.31%	-32.55%
10 years(CAGR)	-25.31%	N/A
Max(CAGR)	-25.31%	-31.24%

Winner

MRSN

+4.70%

WALD

-20.81%

Winner

MRSN

+254.63%

WALD

-12.18%

Winner

MRSN

+282.25%

WALD

-21.26%

Winner

MRSN

-14.47%

WALD

-23.89%

5Y(CAGR)

MRSN

-42.31%

Winner

WALD

-32.55%

10Y(CAGR)

MRSN

-25.31%

WALD

N/A

Max(CAGR)

Winner

MRSN

-25.31%

WALD

-31.24%

MRSN vs WALD - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	MRSN	WALD
2026	+0.14%	-19.88%
2025	-17.34%	-49.73%
2024	-37.00%	-64.08%
2023	-59.51%	+20.55%
2022	-9.01%	-9.25%
2021	-76.55%	+1.02%
2020	+396.46%	N/A
2019	+32.95%	N/A
2018	-76.54%	N/A
2017	+17.36%	N/A

MRSN vs WALD Drawdown Comparison

The maximum drawdown for MRSN was -99.13%, occurring on Aug 11, 2025. This drawdown has not yet recovered.

The maximum drawdown for WALD was -93.35%, occurring on Apr 29, 2026. This drawdown has not yet recovered.

The current MRSN drawdown is -95.78%. The current WALD drawdown is -88.07%.

Rank	MRSN	WALD
#1	-99.13% Dec 23, 2020 - Aug 11, 2025	-93.35% Dec 22, 2023 - Apr 29, 2026
#2	-93.61% May 25, 2018 - Jun 25, 2020	-46.04% Dec 29, 2021 - Sep 19, 2023
#3	-34.46% Sep 16, 2020 - Dec 1, 2020	-27.41% Sep 19, 2023 - Dec 15, 2023
#4	-31.86% Oct 3, 2017 - May 22, 2018	-4.48% Jun 7, 2021 - Dec 29, 2021
#5	-30.77% Jun 30, 2020 - Sep 14, 2020	-1.79% May 24, 2021 - Jun 7, 2021
#6	-14.30% Sep 11, 2017 - Sep 22, 2017	-0.96% Dec 19, 2023 - Dec 22, 2023
#7	-11.24% Dec 1, 2020 - Dec 21, 2020	-0.10% May 13, 2021 - May 24, 2021
#8	-5.21% Jun 28, 2017 - Jul 12, 2017	N/A
#9	-5.21% Sep 14, 2020 - Sep 16, 2020	N/A
#10	-4.29% Aug 21, 2017 - Aug 29, 2017	N/A
#11	-4.26% Sep 22, 2017 - Oct 2, 2017	N/A
#12	-3.25% Jul 27, 2017 - Aug 8, 2017	N/A
#13	-2.71% Jun 25, 2020 - Jun 30, 2020	N/A
#14	-2.48% Aug 14, 2017 - Aug 18, 2017	N/A
#15	-2.13% Aug 30, 2017 - Sep 11, 2017	N/A