RPRX vs RVMD: Royalty Pharma Plc and Revolution Medicines compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Revolution Medicines is the larger company, worth $39.6B, about 1.2 times Royalty Pharma Plc.
- Royalty Pharma Plc grew revenue faster over the last year (+16.5% vs -100.0%).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | RPRX | RVMD |
|---|---|---|
| Market cap | $32.3B | $39.6B |
| Share price | $56.93 | $189.76 |
| Revenue (last fiscal year) | $2.4B | $0 |
| Free cash flow (last fiscal year) | — | -$914M |
| Revenue growth, last year | +16.5% | -100.0% |
| Revenue growth per year, last 5 fiscal years | +1.0% | — |
| Operating margin | 59.6% | — |
| Net margin | 32.1% | — |
| Return on equity | 8.3% | -67.8% |
| P/E (trailing) | 29.5x | — |
| Price / free cash flow | 13.0x | — |
| EV / EBITDA | 19.1x | — |
| FCF growth the price implies | — | — |
| Dividend yield | 1.6% | — |
| Debt / equity | 1.03x | 0.66x |
| Fundamental grade | C | F |
| Superinvestors holding it | 3 | 5 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Royalty Pharma Plc
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $2.3B | — | 62.5% |
| 2022 | $2.2B | — | 13.7% |
| 2023 | $2.4B | — | 63.4% |
| 2024 | $2.3B | — | 57.1% |
| 2025 | $2.4B | — | 65.6% |
Revolution Medicines
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $29M | -$154M | -639.7% |
| 2022 | $35M | -$235M | -730.0% |
| 2023 | $12M | -$358M | -4207.1% |
| 2024 | $0 | -$568M | — |
| 2025 | $0 | -$914M | — |
Where the revenue comes from
Royalty Pharma Plc · by products, 2025
Income from financial royalty assets$2.3B95%
Other royalty income and revenues$117M5%
Revolution Medicines
No segment breakdown reported.
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open RPRX in InvestinglyQuestions
Which is bigger, Royalty Pharma Plc or Revolution Medicines?
Revolution Medicines (RVMD), at $39.6B against $32.3B.
Which grows faster, RPRX or RVMD?
Royalty Pharma Plc: revenue grew +16.5% over the last year, against -100.0%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.