ALNY vs ARGX vs AMGN Stock Comparison

Alnylam Pharmaceuticals, Argenx Se and Amgen Prices as of Nov 4, 2026 Peers: Industry group
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ARGX Argenx Se
$931.38 +2.0% 1M +12.0% 1Y
Market cap
$57.64B
P/E
30.4x
Revenue (TTM)
$5.82B
Div. yield
–
Biotechnology Healthcare
3 wins
AMGN Amgen Inc
$478.48 +18.7% 1M +61.3% 1Y
Market cap
$258.67B
P/E
29.6x
Revenue (TTM)
$38.10B
Div. yield
2.08%
Biotechnology Healthcare
4 wins

Head to Head

10 decided of 12

Amgen leads on 4 of the 12 questions below (Amgen 4, Alnylam Pharmaceuticals 3, Argenx Se 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionALNYARGXAMGNLeader
Larger companyMarket capitalisation $21.56B $57.64B $258.67B AMGN
Cheaper on earningsLower P/E, profitable companies only 8.1x 30.4x 29.6x ALNY
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.8x 30.4x 21.9x AMGN
Faster revenue growthRevenue growth, trailing twelve months +60.8% +61.5% +9.1% ARGX
More profitableNet margin, trailing twelve months 52.8% 32.3% 23.0% ALNY
Better return on capitalReturn on invested capital — — 14.3% –
Less leveragedLower net debt / EBITDA -3.1x — 2.7x ALNY
Higher dividend yieldTrailing dividend yield — — 2.08% –
Better 1-year returnPrice return, last 12 months -62.0% +12.0% +61.3% AMGN
Better 5-year returnAnnualised price return, 5 years -3.0%/yr +23.8%/yr +17.5%/yr ARGX
Less volatileAnnualised volatility, 1 year 58.6% 37.2% 29.9% AMGN
Higher overall scoreMean of the five percentile scores vs peers 82/100 92/100 66/100 ARGX

Percentile Scorecard

ALNYARGXAMGN

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

AxisALNYARGXAMGN
Valuation 92 #55 of 634 83 #109 of 634 85 #99 of 634
Growth 99 #8 of 607 95 #34 of 607 61 #238 of 607
Profitability 90 #56 of 557 98 #12 of 557 95 #31 of 557
Financial Health 63 #246 of 654 – 22 #511 of 654
Shareholder Returns 68 #129 of 400 – 66 #136 of 400
Overall 82 92 66
  • ALNY ranked among 671 companies in Pharmaceuticals and Biotechnology
  • ARGX ranked among 671 companies in Pharmaceuticals and Biotechnology
  • AMGN ranked among 671 companies in Pharmaceuticals and Biotechnology

Price Performance

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

Returns

PeriodALNYARGXAMGNSPY
1 month -26.7%+2.0%+18.7% -1.0%
3 months -29.6%+7.3%+17.3% -0.4%
6 months -46.8%+15.3%+44.5% +4.5%
Year to date -59.5%+10.8%+46.2% +12.4%
1 year -62.0%+12.0%+61.3% +13.6%
3 years -3.7%+86.3%+77.3% +76.4%
3 years, per year -1.3%+23.1%+21.1% +20.8%
5 years -14.0%+190.2%+123.8% +63.7%
5 years, per year -3.0%+23.8%+17.5% +10.4%
10 years +377.3%—+253.4% +267.7%
10 years, per year +16.9%—+13.5% +13.9%

Risk

MeasureALNYARGXAMGNSPY
Volatility, 1Y 58.6%37.2%29.9% 12.8%
Downside volatility, 1Y 74.7%34.8%27.9% 12.7%
Beta vs S&P 500, 1Y 0.440.430.46 1.00
Return / volatility, 1Y -1.060.322.05 1.06
Max drawdown, 5Y -67.8%-38.2%-26.7% -25.4%
From 52-week high -66.0%-12.0%0.0% -1.6%
52-week high $473.29$1,058.90$478.48 $779.14
52-week low $158.00$663.93$296.70 $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.

MultipleALNYARGXAMGN
P/E now vs peer median 8.1xmedian 18.0x 30.4xmedian 18.0x 29.6xmedian 18.0x
P/S now vs peer median 4.3xmedian 9.1x 9.9xmedian 9.1x 6.8xmedian 9.1x
EV/EBITDA now vs peer median 17.8xmedian 16.2x —median 16.2x 18.8xmedian 16.2x
P/FCF now vs peer median 26.7xmedian 21.7x —median 21.7x 25.4xmedian 21.7x
P/B now vs peer median 6.0xmedian 2.2x —median 2.2x 22.1xmedian 2.2x
PEG now vs peer median 0.09median 0.38 0.29median 0.38 11.15median 0.38

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 monthsALNYARGXAMGN
Revenue $5.01B $5.82B $38.10B
Gross profit $3.88B $5.24B $26.48B
Operating income $977.59M $1.74B $11.43B
Net income $2.65B $1.88B $8.74B
Free cash flow $806.31M – $10.18B
R&D $1.56B $1.80B $7.63B
EPS (diluted) $19.16 $28.43 $16.07
Cash & equivalents $1.75B – $13.99B
Total debt $361.53M – $57.30B
Shares (diluted) 138.28M 66.03M 544.00M
Enterprise value $8.75B $57.64B $214.07B

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
MetricALNYARGXAMGN
P/E 8.1x 30.4x 29.6x
P/FCF 26.7x – 25.4x
P/Operating cash flow 22.6x – 20.7x
P/S 4.3x 9.9x 6.8x
P/B 6.0x – 22.1x
P/Tangible book 6.0x – -29.4x
EV/EBITDA 17.8x – 18.8x
EV/EBIT 18.8x 33.1x 26.4x
EV/Revenue 3.7x 9.9x 7.9x
EV/FCF 22.7x – 29.7x
EV/Operating cash flow 19.2x – 24.2x
PEG (3Y EPS CAGR) 0.09 0.29 11.15

Growth

14 metrics
MetricALNYARGXAMGN
Revenue growth (1Y) 60.8% 61.5% 9.1%
Revenue CAGR (3Y) 42.7% 80.5% 12.7%
Gross profit growth (1Y) 49.6% 62.2% 17.6%
Gross profit CAGR (3Y) 37.8% 80.0% 10.3%
Operating income growth (1Y) 269.3% 120.6% 39.5%
Operating income CAGR (3Y) 68.2% 85.1% 6.4%
Net income growth (1Y) 2,137% 22.5% 32.1%
Net income CAGR (3Y) 93.1% 115.5% 3.1%
EPS growth (1Y) 2,122% 20.9% 31.4%
EPS CAGR (3Y) 90.7% 104.8% 2.7%
Operating cash flow growth (1Y) 351.6% – 3.9%
Operating cash flow CAGR (3Y) 685.4% – 4.9%
Free cash flow growth (1Y) 382.3% – -4.1%
Free cash flow CAGR (3Y) 141.7% – 1.7%

Profitability

14 metrics
MetricALNYARGXAMGN
Gross margin 77.4% 90.0% 69.5%
EBITDA margin 20.6% – 42.2%
Operating margin 19.5% 29.9% 30.0%
Pretax margin 15.6% 32.6% 27.0%
Net margin 52.8% 32.3% 23.0%
FCF margin 16.1% – 26.7%
Operating cash flow margin 19.1% – 32.8%
Return on equity 106.9% – 83.8%
Return on assets 39.1% – 9.3%
Return on invested capital – – 14.3%
Return on capital employed 20.7% – 16.7%
Asset turnover 0.7x – 0.4x
Cash conversion (OCF / net income) 0.4x – 1.4x
Stock comp / revenue 6.1% – 1.3%

Financial Health

11 metrics
MetricALNYARGXAMGN
Debt / assets 4.5% – 59.9%
Debt / equity 0.1x – 4.9x
Net debt / EBITDA -3.1x – 2.7x
Debt / FCF 0.4x – 5.6x
Liabilities / assets 54.9% – 87.8%
Equity / assets 45.1% – 12.2%
Interest coverage 3.2x 10,120x 4.3x
Current ratio 2.5x – 1.4x
Quick ratio 2.3x – 0.9x
Cash ratio 1.7x – 0.5x
Altman Z-score 3.71 – 2.43

Shareholder Returns

7 metrics
MetricALNYARGXAMGN
Dividend yield – – 2.1%
Net buyback yield -0.5% – –
Shareholder yield -0.5% – 2.1%
Payout ratio (earnings) – – 60.4%
Payout ratio (FCF) – – 51.9%
Dividend growth (1Y) – – 6.3%
Dividend CAGR (3Y) – – 6.7%

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.

ConsensusALNYARGXAMGN
Forward P/E 23.8xFY2026 30.4xFY2026 21.9xFY2026
EPS, next fiscal year $6.76FY2026 $30.63FY2026 $21.81FY2026
EPS growth, next FY +190.1%FY2026 +56.5%FY2026 -0.1%FY2026
EPS growth, the year after +34.3% +26.9% +7.2%
Revenue, next fiscal year $5.68BFY2026 $6.08BFY2026 $41.51BFY2026
Revenue growth, next FY +53.1%FY2026 +43.1%FY2026 +12.9%FY2026
Revenue growth, the year after +27.8% +22.9% +2.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersALNYARGXAMGN
Held by institutions 99.7% 46.1% 82.7%
Institutions holding 788 506 3,163
Change in shares held, QoQ +3.8% -2.0% +4.5%
Institutions buying 412 264 1,452
Institutions selling 279 162 1,219
Buyers to sellers 1.48 1.63 1.19

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.

ALNYARGXAMGN
ALNY 1.00 0.16 0.25
ARGX 0.16 1.00 0.33
AMGN 0.25 0.33 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ALNY, ARGX and AMGN?

Amgen (AMGN) is the largest by market capitalisation: Alnylam Pharmaceuticals (ALNY) $21.56B, Argenx Se (ARGX) $57.64B, Amgen (AMGN) $258.67B.

Which stock is cheaper, ALNY, ARGX and AMGN?

Alnylam Pharmaceuticals (ALNY) trades on the lowest price-to-earnings ratio (Alnylam Pharmaceuticals (ALNY) 8.1x, Argenx Se (ARGX) 30.4x, Amgen (AMGN) 29.6x). On next year's consensus earnings, Amgen (AMGN) is cheapest (Alnylam Pharmaceuticals (ALNY) 23.8x, Argenx Se (ARGX) 30.4x, Amgen (AMGN) 21.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Argenx Se (ARGX) grew revenue fastest over the trailing twelve months: Alnylam Pharmaceuticals (ALNY) +60.8%, Argenx Se (ARGX) +61.5%, Amgen (AMGN) +9.1%.

Which company is more profitable?

Alnylam Pharmaceuticals (ALNY) has the highest net margin (Alnylam Pharmaceuticals (ALNY) 52.8%, Argenx Se (ARGX) 32.3%, Amgen (AMGN) 23.0%).

Which stock has performed better?

Over the past year Amgen (AMGN) returned the most: Alnylam Pharmaceuticals (ALNY) -62.0%, Argenx Se (ARGX) +12.0%, Amgen (AMGN) +61.3%. Over five years, Argenx Se (ARGX) compounded fastest (Alnylam Pharmaceuticals (ALNY) -3.0%/yr, Argenx Se (ARGX) +23.8%/yr, Amgen (AMGN) +17.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Amgen (AMGN) 2.08%. Alnylam Pharmaceuticals (ALNY) and Argenx Se (ARGX) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Amgen (AMGN) has been the steadiest (Alnylam Pharmaceuticals (ALNY) 58.6%, Argenx Se (ARGX) 37.2%, Amgen (AMGN) 29.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ALNY, ARGX and AMGN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Amgen (AMGN) leads on 4. 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.