Fate Therapeutics, Inc., a clinical-stage biopharmaceutical company, develops programmed cellular immunotherapies for cancer and immune disorders in the United States and internationally. The company's chimeric antigen receptor (CAR)-targeted NK and T-cell product candidates include FT836 which is in preclinical stage for multiple tumor types; and FT522, to treat B-cell Lymphoma and autoimmunity. Its CAR T-cell programs include FT819 to treat …
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Competitive advantage assessment
Key risks
Below-Peer Operating EfficiencyOperating margin at 31.3th percentile indicates below-peer efficiency.
Weak or Negative Cash FlowCash generation is weak (score 0.31), limiting financial flexibility.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Fate Therapeutics, Inc. ranks #344 of 713
scored companies in Biotechnology by moat score — the top 48%.
The widest moat in the group is Royalty Pharma plc (RPRX)
at 85/100.
Moat scores for companies ranked near FATE in Biotechnology
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 30
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 44
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 45
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 46
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 48
· 15% of the moat score
Scale matters only when it converts into economics.
Fate Therapeutics, Inc. (FATE) scores 42 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #344 of 713 scored companies in Biotechnology, the top 48%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 712 companies in Biotechnology. Its strongest defense is Scale & Market Position (48/100) and its weakest is Cost Advantage (30/100).
How does Fate Therapeutics, Inc. compare with other Biotechnology companies?
Fate Therapeutics, Inc. ranks #344 of 713 scored companies in Biotechnology by moat score. The widest moat in Biotechnology is Royalty Pharma plc (RPRX) at 85/100. The companies ranked closest are Prelude Therapeutics Incorporat (PRLD) at 42 just above it and ARS Pharmaceuticals, Inc. (SPRY) at 42 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 712 companies in Biotechnology. The defenses are then weighted to produce the overall score out of 100.
Why is Fate Therapeutics, Inc. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Fate Therapeutics, Inc.?
The Corporate Default template measures 6 defenses, and FATE scores: Pricing Power (40), Cost Advantage (30), Customer Stickiness (44), Capital Efficiency (45), Resilience (46), Scale & Market Position (48). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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