Ultragenyx Pharmaceutical Inc. RARE

Competitive advantage analysis · healthcare

Corporate Default
Overall moat score
67/100
Moderate

Ranked against 712 peers in Biotechnology

About Ultragenyx Pharmaceutical Inc.

Ultragenyx Pharmaceutical Inc., a biopharmaceutical company, focuses on the identification, acquisition, development, and commercialization of novel products for the treatment of rare and ultra-rare genetic diseases in North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific. Its biologic products include Crysvita (burosumab), an antibody targeting fibroblast growth factor 23 for the treatment of X-linked hypophosphatemia, as well … Full RARE analysis →

Key strengths

  • ROIC Sustainably Above Peers ROIC at 97.0th percentile exceeds peers and WACC, demonstrating superior capital allocation.
  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.94), suggesting sticky customer base.

Key risks

  • Liquidity Concerns Liquidity is concerning (score 0.29), raising questions about short-term obligations.

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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Pricing Power

Moderate
53
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where RARE ranks in Biotechnology

Ultragenyx Pharmaceutical Inc. ranks #55 of 713 scored companies in Biotechnology by moat score — the top 8%. The widest moat in the group is Royalty Pharma plc (RPRX) at 85/100.

# Company Moat score Rating
51 Minerva Neurosciences, Inc NERV 68/100 Moderate
52 Stoke Therapeutics, Inc. STOK 68/100 Moderate
53 Apellis Pharmaceuticals, Inc. APLS 68/100 Moderate
54 Nkarta, Inc. NKTX 67/100 Moderate
55 Ultragenyx Pharmaceutical Inc. RARE 67/100 Moderate
56 OS Therapies Incorporated OSTX 67/100 Moderate
57 Xeris Biopharma Holdings, Inc. XERS 67/100 Moderate
58 Apogee Therapeutics, Inc. APGE 67/100 Moderate
59 TG Therapeutics, Inc. TGTX 66/100 Moderate

See every Biotech / Pre-Revenue company ranked by moat score →

How RARE scores on the Corporate Default defenses

Pricing Power

Score 53 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 77 · 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 82 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 76 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 61 · 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 57 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding RARE's moat

What is Ultragenyx Pharmaceutical Inc.'s moat score?

Ultragenyx Pharmaceutical Inc. (RARE) scores 67 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #55 of 713 scored companies in Biotechnology, the top 8%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 712 companies in Biotechnology. Its strongest defense is Customer Stickiness (82/100) and its weakest is Pricing Power (53/100).

How does Ultragenyx Pharmaceutical Inc. compare with other Biotechnology companies?

Ultragenyx Pharmaceutical Inc. ranks #55 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 Nkarta, Inc. (NKTX) at 67 just above it and OS Therapies Incorporated (OSTX) at 67 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 Ultragenyx Pharmaceutical 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 Ultragenyx Pharmaceutical Inc.?

The Corporate Default template measures 6 defenses, and RARE scores: Pricing Power (53), Cost Advantage (77), Customer Stickiness (82), Capital Efficiency (76), Resilience (61), Scale & Market Position (57). 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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