ABBV vs MRK vs PAHC Stock Comparison

AbbVie, Merck and Phibro Animal Health Prices as of Oct 27, 2026 Peers: Industry group
ABBV AbbVie Inc.
$286.43 +8.4% 1M +25.6% 1Y
Market cap
$506.54B
P/E
80.3x
Revenue (TTM)
$64.39B
Div. yield
–
Pharmaceuticals Healthcare
5 wins
MRK Merck & Co., Inc.
$141.84 -4.7% 1M +61.2% 1Y
Market cap
$347.85B
P/E
109.6x
Revenue (TTM)
$66.57B
Div. yield
0.02%
Pharmaceuticals Healthcare
2 wins

Head to Head

12 decided of 12

AbbVie leads on 5 of the 12 questions below (AbbVie 5, Phibro Animal Health 5, Merck 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionABBVMRKPAHCLeader
Larger companyMarket capitalisation $506.54B $347.85B $1.55B ABBV
Cheaper on earningsLower P/E, profitable companies only 80.3x 109.6x 15.5x PAHC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.4x 57.2x 11.2x PAHC
Faster revenue growthRevenue growth, trailing twelve months +10.4% +4.6% +17.1% PAHC
More profitableNet margin, trailing twelve months 9.8% 4.8% 6.6% ABBV
Better return on capitalReturn on invested capital 18.7% 3.6% 14.2% ABBV
Less leveragedLower net debt / EBITDA 2.6x 3.6x 2.1x PAHC
Higher dividend yieldTrailing dividend yield 0.00% 0.02% 0.01% MRK
Better 1-year returnPrice return, last 12 months +25.6% +61.2% -8.0% MRK
Better 5-year returnAnnualised price return, 5 years +21.2%/yr +10.4%/yr +11.6%/yr ABBV
Less volatileAnnualised volatility, 1 year 25.9% 29.6% 55.5% ABBV
Higher overall scoreMean of the five percentile scores vs peers 68/100 62/100 68/100 PAHC

Percentile Scorecard

ABBVMRKPAHC

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisABBVMRKPAHC
Valuation 95 #30 of 625 80 #124 of 625 92 #54 of 625
Growth 54 #276 of 602 36 #384 of 602 85 #90 of 602
Profitability 95 #29 of 551 91 #53 of 551 86 #81 of 551
Financial Health 16 #552 of 656 20 #526 of 656 26 #485 of 656
Shareholder Returns 81 #70 of 365 82 #68 of 365 54 #170 of 365
Overall 68 62 68
  • ABBV ranked among 672 companies in Pharmaceuticals and Biotechnology
  • MRK ranked among 672 companies in Pharmaceuticals and Biotechnology
  • PAHC ranked among 672 companies in Pharmaceuticals and Biotechnology

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodABBVMRKPAHCSPY
1 month +8.4%-4.7%+11.4% -0.2%
3 months +8.8%+7.6%+5.5% +3.9%
6 months +44.9%+28.9%-29.3% +8.2%
Year to date +25.4%+34.8%+2.7% +12.9%
1 year +25.6%+61.2%-8.0% +12.3%
3 years +106.2%+37.9%+256.4% +87.4%
3 years, per year +27.3%+11.3%+52.8% +23.3%
5 years +161.2%+63.9%+73.0% +67.9%
5 years, per year +21.2%+10.4%+11.6% +10.9%
10 years +366.0%+131.4%+49.0% +261.1%
10 years, per year +16.6%+8.8%+4.1% +13.7%

Risk

MeasureABBVMRKPAHCSPY
Volatility, 1Y 25.9%29.6%55.5% 12.7%
Downside volatility, 1Y 24.8%24.6%59.8% 12.7%
Beta vs S&P 500, 1Y -0.160.120.75 1.00
Return / volatility, 1Y 0.992.07-0.14 0.97
Max drawdown, 5Y -24.3%-44.7%-57.9% -25.4%
From 52-week high -0.9%-9.3%-35.6% -1.2%
52-week high $288.96$156.45$59.58 $779.14
52-week low $197.38$82.49$28.52 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleABBVMRKPAHC
P/E now vs peer median 80.3xmedian 17.2x 110.4xmedian 17.2x 15.6xmedian 17.2x
P/S now vs peer median 7.9xmedian 9.0x 5.3xmedian 9.0x 1.0xmedian 9.0x
EV/EBITDA now vs peer median 23.0xmedian 16.3x 30.3xmedian 16.3x 8.2xmedian 16.3x
P/FCF now vs peer median 27.8xmedian 18.7x 21.8xmedian 18.7x 157.7xmedian 18.7x
P/B now vs peer median -85.3xmedian 2.2x 8.3xmedian 2.2x 4.0xmedian 2.2x
PEG now vs peer median -7.95median 0.33 69.50median 0.33 0.35median 0.33

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsABBVMRKPAHC
Revenue $64.39B $66.57B $1.52B
Gross profit $46.02B $48.57B $512.52M
Operating income $16.87B $6.38B $194.40M
Net income $6.32B $3.17B $99.72M
Free cash flow $18.21B $16.06B $9.87M
R&D $9.71B $30.45B –
EPS (diluted) $3.56 $1.28 $2.43
Cash & equivalents $6.57B $6.85B $61.42M
Total debt $70.82B $53.91B $2.49B
Shares (diluted) 1.77B 2.47B 40.96M
Enterprise value $479.65B $302.23B $1.23B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricABBVMRKPAHC
P/E 80.3x 110.4x 15.6x
P/FCF 27.8x 21.8x 157.7x
P/Operating cash flow 25.9x 17.5x 22.6x
P/S 7.9x 5.3x 1.0x
P/B -85.3x 8.3x 4.0x
P/Tangible book -9.2x 20.6x 4.4x
EV/EBITDA 23.0x 30.3x 8.2x
EV/EBIT 33.8x 62.2x 10.8x
EV/Revenue 8.9x 6.0x 1.4x
EV/FCF 31.3x 24.7x 211.9x
EV/Operating cash flow 29.2x 19.9x 30.3x
PEG (3Y EPS CAGR) -7.95 69.50 0.35

Growth

14 metrics
MetricABBVMRKPAHC
Revenue growth (1Y) 10.4% 4.6% 17.1%
Revenue CAGR (3Y) 4.7% 4.5% 15.8%
Gross profit growth (1Y) 11.2% -0.3% 28.1%
Gross profit CAGR (3Y) 6.0% 4.5% 19.8%
Operating income growth (1Y) 53.8% -66.6% 76.0%
Operating income CAGR (3Y) -1.0% 1.9% 39.3%
Net income growth (1Y) 67.5% -80.7% 106.6%
Net income CAGR (3Y) -10.1% 0.5% 45.2%
EPS growth (1Y) 67.7% -80.3% 105.2%
EPS CAGR (3Y) -10.1% 1.6% 44.6%
Operating cash flow growth (1Y) 1.2% 7.7% -13.9%
Operating cash flow CAGR (3Y) -8.6% 9.8% 73.0%
Free cash flow growth (1Y) -0.2% 9.1% -76.4%
Free cash flow CAGR (3Y) -9.8% 14.0% 31.2%

Profitability

14 metrics
MetricABBVMRKPAHC
Gross margin 71.5% 73.0% 33.8%
EBITDA margin 38.5% 19.7% 16.8%
Operating margin 26.2% 9.6% 12.8%
Pretax margin 13.5% 8.9% 9.0%
Net margin 9.8% 4.8% 6.6%
FCF margin 28.3% 24.1% 0.6%
Operating cash flow margin 30.3% 30.0% 4.5%
Return on equity – 7.2% 26.7%
Return on assets 4.7% 2.5% 6.8%
Return on invested capital 18.7% 3.6% 14.2%
Return on capital employed 17.9% 6.3% 16.8%
Asset turnover 0.5x 0.5x 1.0x
Cash conversion (OCF / net income) 3.1x 6.3x 0.7x
Stock comp / revenue 1.5% 1.3% 0.1%

Financial Health

11 metrics
MetricABBVMRKPAHC
Debt / assets 52.4% 41.5% 41.1%
Debt / equity -11.9x 1.3x 1.6x
Net debt / EBITDA 2.6x 3.6x 2.1x
Debt / FCF 3.9x 3.4x 62.5x
Liabilities / assets 104.4% 67.7% 74.3%
Equity / assets -4.4% 32.3% 25.7%
Interest coverage – – 4.2x
Current ratio 0.8x 1.3x 3.0x
Quick ratio 0.5x 0.7x 1.1x
Cash ratio 0.2x 0.3x 0.3x
Altman Z-score 2.79 3.83 3.10

Shareholder Returns

7 metrics
MetricABBVMRKPAHC
Dividend yield 2.4% 2.4% 1.3%
Net buyback yield 0.3% 1.1% –
Shareholder yield 2.7% 3.5% 1.3%
Payout ratio (earnings) – 261.8% 19.5%
Payout ratio (FCF) – 51.7% 197.3%
Dividend growth (1Y) – 3.3% 0.1%
Dividend CAGR (3Y) – 4.7% 0.0%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusABBVMRKPAHC
Forward P/E 21.4xFY2026 57.2xFY2026 11.2xFY2027
EPS, next fiscal year $13.38FY2026 $2.48FY2026 $3.42FY2027
EPS growth, next FY +33.8%FY2026 -72.4%FY2026 +6.2%FY2027
EPS growth, the year after +25.8% +257.3% +9.6%
Revenue, next fiscal year $69.55BFY2026 $69.45BFY2026 $1.53BFY2027
Revenue growth, next FY +13.7%FY2026 +6.8%FY2026 +0.6%FY2027
Revenue growth, the year after -0.6% -3.8% -0.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersABBVMRKPAHC
Held by institutions 74.9% 79.9% 51.5%
Institutions holding 4,175 3,796 208
Change in shares held, QoQ +2.6% +2.6% +3.1%
Institutions buying 2,202 1,842 117
Institutions selling 1,503 1,464 73
Buyers to sellers 1.47 1.26 1.60

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ABBVMRKPAHC
ABBV 1.00 0.42 0.09
MRK 0.42 1.00 0.21
PAHC 0.09 0.21 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ABBV, MRK and PAHC?

AbbVie (ABBV) is the largest by market capitalisation: AbbVie (ABBV) $506.54B, Merck (MRK) $347.85B, Phibro Animal Health (PAHC) $1.55B.

Which stock is cheaper, ABBV, MRK and PAHC?

Phibro Animal Health (PAHC) trades on the lowest price-to-earnings ratio (AbbVie (ABBV) 80.3x, Merck (MRK) 109.6x, Phibro Animal Health (PAHC) 15.5x). On next year's consensus earnings, Phibro Animal Health (PAHC) is cheapest (AbbVie (ABBV) 21.4x, Merck (MRK) 57.2x, Phibro Animal Health (PAHC) 11.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Phibro Animal Health (PAHC) grew revenue fastest over the trailing twelve months: AbbVie (ABBV) +10.4%, Merck (MRK) +4.6%, Phibro Animal Health (PAHC) +17.1%.

Which company is more profitable?

AbbVie (ABBV) has the highest net margin (AbbVie (ABBV) 9.8%, Merck (MRK) 4.8%, Phibro Animal Health (PAHC) 6.6%). On return on invested capital, AbbVie (ABBV) leads (AbbVie (ABBV) 18.7%, Merck (MRK) 3.6%, Phibro Animal Health (PAHC) 14.2%).

Which stock has performed better?

Over the past year Merck (MRK) returned the most: AbbVie (ABBV) +25.6%, Merck (MRK) +61.2%, Phibro Animal Health (PAHC) -8.0%. Over five years, AbbVie (ABBV) compounded fastest (AbbVie (ABBV) +21.2%/yr, Merck (MRK) +10.4%/yr, Phibro Animal Health (PAHC) +11.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Merck (MRK) has the highest dividend yield: AbbVie (ABBV) 0.00%, Merck (MRK) 0.02%, Phibro Animal Health (PAHC) 0.01%. AbbVie (ABBV) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, AbbVie (ABBV) has been the steadiest (AbbVie (ABBV) 25.9%, Merck (MRK) 29.6%, Phibro Animal Health (PAHC) 55.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ABBV, MRK and PAHC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, AbbVie (ABBV) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.