RANI vs MRSN

Comparison between Rani Therapeutics Holdings Inc Class A (RANI, Company) and Mersana Therapeutics Inc (MRSN, Company).

Both RANI and MRSN are from the Healthcare sector.

5-Year PerformanceMRSN has outperformed RANI, delivering a return of -42.3% compared to -45.6%

RANI vs MRSN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	RANI(COMPANY)	MRSN(COMPANY)
Market Cap	$145M	$145M
Max Drawdown	98.83%	99.13%
Sharpe Ratio	0.80	0.58
5Y Beta	2.16	N/A
Industry	Biotechnology	Biotechnology
P/E Ratio	-1.44	-2.04
5Y EPS CAGR	N/A	-15.54%
Debt to Equity	0.00%	0.00%
Free Cash Flow Yield	-11.84%	-51.16%
P/S Ratio	34.54	N/A
P/B Ratio	3.07	N/A

Market Cap

RANI

$145M

Winner

MRSN

$145M

Max Drawdown

Winner

RANI

98.83%

MRSN

99.13%

Sharpe Ratio

Winner

RANI

0.80

MRSN

0.58

5Y Beta

RANI

2.16

MRSN

N/A

Industry

RANI

Biotechnology

MRSN

Biotechnology

P/E Ratio

RANI

-1.44

Winner

MRSN

-2.04

5Y EPS CAGR

RANI

N/A

MRSN

-15.54%

Debt to Equity

RANI

0.00%

MRSN

0.00%

Free Cash Flow Yield

Winner

RANI

-11.84%

MRSN

-51.16%

P/S Ratio

RANI

34.54

MRSN

N/A

P/B Ratio

RANI

3.07

MRSN

N/A

RANI vs MRSN - Historical Returns

Returns include dividend reinvestment.

Period	RANI	MRSN
1 month	+18.37%	+4.70%
3 months	-15.11%	+254.63%
6 months	-36.51%	+282.25%
1 year	+49.04%	-14.47%
5 years(CAGR)	-45.58%	-42.31%
10 years(CAGR)	N/A	-25.31%
Max(CAGR)	-40.11%	-25.31%

Winner

RANI

+18.37%

MRSN

+4.70%

RANI

-15.11%

Winner

MRSN

+254.63%

RANI

-36.51%

Winner

MRSN

+282.25%

Winner

RANI

+49.04%

MRSN

-14.47%

5Y(CAGR)

RANI

-45.58%

Winner

MRSN

-42.31%

10Y(CAGR)

RANI

N/A

MRSN

-25.31%

Max(CAGR)

RANI

-40.11%

Winner

MRSN

-25.31%

RANI vs MRSN - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	RANI	MRSN
2026	-39.31%	+0.14%
2025	-7.53%	-17.34%
2024	-59.35%	-37.00%
2023	-43.73%	-59.51%
2022	-65.29%	-9.01%
2021	+48.64%	-76.55%
2020	N/A	+396.46%
2019	N/A	+32.95%
2018	N/A	-76.54%
2017	N/A	+17.36%

RANI vs MRSN Drawdown Comparison

The maximum drawdown for RANI was -98.83%, occurring on Jul 16, 2025. This drawdown has not yet recovered.

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

The current RANI drawdown is -97.64%. The current MRSN drawdown is -95.78%.

Rank	RANI	MRSN
#1	-98.83% Nov 18, 2021 - Jul 16, 2025	-99.13% Dec 23, 2020 - Aug 11, 2025
#2	-25.36% Aug 11, 2021 - Sep 13, 2021	-93.61% May 25, 2018 - Jun 25, 2020
#3	-24.92% Sep 13, 2021 - Oct 27, 2021	-34.46% Sep 16, 2020 - Dec 1, 2020
#4	-17.37% Nov 4, 2021 - Nov 17, 2021	-31.86% Oct 3, 2017 - May 22, 2018
#5	-9.95% Oct 28, 2021 - Nov 2, 2021	-30.77% Jun 30, 2020 - Sep 14, 2020
#6	-2.73% Jul 30, 2021 - Aug 4, 2021	-14.30% Sep 11, 2017 - Sep 22, 2017
#7	-0.25% Aug 4, 2021 - Aug 9, 2021	-11.24% Dec 1, 2020 - Dec 21, 2020
#8	N/A	-5.21% Jun 28, 2017 - Jul 12, 2017
#9	N/A	-5.21% Sep 14, 2020 - Sep 16, 2020
#10	N/A	-4.29% Aug 21, 2017 - Aug 29, 2017
#11	N/A	-4.26% Sep 22, 2017 - Oct 2, 2017
#12	N/A	-3.25% Jul 27, 2017 - Aug 8, 2017
#13	N/A	-2.71% Jun 25, 2020 - Jun 30, 2020
#14	N/A	-2.48% Aug 14, 2017 - Aug 18, 2017
#15	N/A	-2.13% Aug 30, 2017 - Sep 11, 2017