ALNY vs ARQT vs VRTX Stock Comparison

Alnylam Pharmaceuticals, Arcutis Biotherapeutics and Vertex Pharmaceuticals Prices as of Nov 3, 2026 Peers: Industry group
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Head to Head

10 decided of 12

Alnylam Pharmaceuticals leads on 5 of the 12 questions below (Alnylam Pharmaceuticals 5, Vertex Pharmaceuticals 3, Arcutis Biotherapeutics 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionALNYARQTVRTXLeader
Larger companyMarket capitalisation $21.63B $4.48B $138.64B VRTX
Cheaper on earningsLower P/E, profitable companies only 8.2x 157.0x 34.9x ALNY
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.7x 64.0x 29.1x ALNY
Faster revenue growthRevenue growth, trailing twelve months +60.8% +76.1% +10.5% ARQT
More profitableNet margin, trailing twelve months 52.8% 6.1% 30.7% ALNY
Better return on capitalReturn on invested capital — 10.6% — –
Less leveragedLower net debt / EBITDA -3.1x — -0.4x ALNY
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -63.2% +29.2% +24.6% ARQT
Better 5-year returnAnnualised price return, 5 years -2.9%/yr +8.2%/yr +22.3%/yr VRTX
Less volatileAnnualised volatility, 1 year 58.6% 51.4% 29.6% VRTX
Higher overall scoreMean of the five percentile scores vs peers 82/100 76/100 74/100 ALNY

Percentile Scorecard

ALNYARQTVRTX

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

AxisALNYARQTVRTX
Valuation 92 #55 of 634 70 #189 of 634 78 #142 of 634
Growth 99 #8 of 607 96 #26 of 607 46 #326 of 607
Profitability 90 #56 of 557 89 #62 of 557 93 #39 of 557
Financial Health 63 #244 of 654 46 #352 of 654 59 #266 of 654
Shareholder Returns 68 #131 of 401 77 #95 of 401 93 #30 of 401
Overall 82 76 74
  • ALNY ranked among 671 companies in Pharmaceuticals and Biotechnology
  • ARQT ranked among 671 companies in Pharmaceuticals and Biotechnology
  • VRTX 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

PeriodALNYARQTVRTXSPY
1 month -27.2%+27.2%+5.2% -2.0%
3 months -27.0%+22.9%+10.9% -2.2%
6 months -46.9%+36.6%+25.1% +4.2%
Year to date -59.8%+10.2%+17.1% +10.6%
1 year -63.2%+29.2%+24.6% +10.4%
3 years -4.5%+1,211.5%+41.1% +73.6%
3 years, per year -1.5%+136.0%+12.2% +20.2%
5 years -13.8%+48.4%+173.3% +61.6%
5 years, per year -2.9%+8.2%+22.3% +10.1%
10 years +409.0%—+583.2% +261.3%
10 years, per year +17.7%—+21.2% +13.7%

Risk

MeasureALNYARQTVRTXSPY
Volatility, 1Y 58.6%51.4%29.6% 12.8%
Downside volatility, 1Y 74.5%49.3%26.3% 12.8%
Beta vs S&P 500, 1Y 0.441.020.44 1.00
Return / volatility, 1Y -1.080.570.83 0.81
Max drawdown, 5Y -67.8%-93.2%-29.1% -25.4%
From 52-week high -66.2%-2.5%-5.0% -3.2%
52-week high $473.29$32.82$558.71 $779.14
52-week low $158.00$19.50$409.47 $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.

MultipleALNYARQTVRTX
P/E now vs peer median 8.1xmedian 18.4x 146.5xmedian 18.4x 33.8xmedian 18.4x
P/S now vs peer median 4.3xmedian 9.0x 8.7xmedian 9.0x 10.4xmedian 9.0x
EV/EBITDA now vs peer median 17.6xmedian 16.0x —median 16.0x 29.2xmedian 16.0x
P/FCF now vs peer median 26.5xmedian 21.8x 102.7xmedian 21.8x 42.0xmedian 21.8x
P/B now vs peer median 5.9xmedian 2.1x 18.2xmedian 2.1x 6.4xmedian 2.1x
PEG now vs peer median 0.09median 0.37 5.46median 0.37 6.29median 0.37

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 monthsALNYARQTVRTX
Revenue $5.01B $463.98M $12.95B
Gross profit $3.88B $422.89M $11.08B
Operating income $977.59M $34.25M $4.30B
Net income $2.65B $28.52M $3.98B
Free cash flow $806.31M $39.15M $3.20B
R&D $1.56B $91.04M $4.25B
EPS (diluted) $19.16 $0.21 $15.58
Cash & equivalents $1.75B – $4.98B
Total debt $361.53M $108.90M $4.50B
Shares (diluted) 138.28M 135.90M 255.20M
Enterprise value $8.82B $3.76B $110.63B

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
MetricALNYARQTVRTX
P/E 8.1x 146.5x 33.8x
P/FCF 26.5x 102.7x 42.0x
P/Operating cash flow 22.4x 102.2x 36.4x
P/S 4.3x 8.7x 10.4x
P/B 5.9x 18.2x 6.4x
P/Tangible book 5.9x 19.4x 10.9x
EV/EBITDA 17.6x – 29.2x
EV/EBIT 18.6x 114.5x 30.8x
EV/Revenue 3.6x 8.5x 10.2x
EV/FCF 22.5x 100.2x 41.5x
EV/Operating cash flow 19.0x 99.8x 35.9x
PEG (3Y EPS CAGR) 0.09 5.46 6.29

Growth

14 metrics
MetricALNYARQTVRTX
Revenue growth (1Y) 60.8% 76.1% 10.5%
Revenue CAGR (3Y) 42.7% 241.4% 10.3%
Gross profit growth (1Y) 49.6% 80.2% 9.5%
Gross profit CAGR (3Y) 37.8% 256.4% 9.3%
Operating income growth (1Y) 269.3% 139.9% 7.8%
Operating income CAGR (3Y) 68.2% 28.2% 3.5%
Net income growth (1Y) 2,137% 130.6% 8.2%
Net income CAGR (3Y) 93.1% 27.8% 4.6%
EPS growth (1Y) 2,122% 128.6% 9.2%
EPS CAGR (3Y) 90.7% 26.8% 5.4%
Operating cash flow growth (1Y) 351.6% 160.0% -0.6%
Operating cash flow CAGR (3Y) 685.4% 28.8% -5.5%
Free cash flow growth (1Y) 382.3% 159.0% -4.0%
Free cash flow CAGR (3Y) 141.7% 28.8% -8.7%

Profitability

14 metrics
MetricALNYARQTVRTX
Gross margin 77.4% 91.1% 85.5%
EBITDA margin 20.6% – 35.1%
Operating margin 19.5% 7.4% 33.2%
Pretax margin 15.6% 6.3% 36.7%
Net margin 52.8% 6.1% 30.7%
FCF margin 16.1% 8.4% 24.7%
Operating cash flow margin 19.1% 8.5% 28.5%
Return on equity 106.9% 13.9% 19.3%
Return on assets 39.1% 6.0% 13.2%
Return on invested capital – 10.6% –
Return on capital employed 20.7% 10.9% 17.2%
Asset turnover 0.7x 1.0x 0.4x
Cash conversion (OCF / net income) 0.4x 1.4x 0.9x
Stock comp / revenue 6.1% 9.4% 5.2%

Financial Health

11 metrics
MetricALNYARQTVRTX
Debt / assets 4.5% 22.3% 13.7%
Debt / equity 0.1x 0.5x 0.2x
Net debt / EBITDA -3.1x – -0.4x
Debt / FCF 0.4x 2.8x 1.4x
Liabilities / assets 54.9% 54.8% 36.1%
Equity / assets 45.1% 45.2% 63.9%
Interest coverage 3.2x 2.5x 93.0x
Current ratio 2.5x 2.9x 2.3x
Quick ratio 2.3x 2.2x 1.7x
Cash ratio 1.7x 1.3x 1.3x
Altman Z-score 3.68 7.68 8.60

Shareholder Returns

7 metrics
MetricALNYARQTVRTX
Dividend yield – – –
Net buyback yield -0.5% -0.2% 0.7%
Shareholder yield -0.5% -0.2% 0.7%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

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.

ConsensusALNYARQTVRTX
Forward P/E 23.7xFY2026 64.0xFY2026 29.1xFY2026
EPS, next fiscal year $6.76FY2026 $0.50FY2026 $18.24FY2026
EPS growth, next FY +190.1%FY2026 – -0.9%FY2026
EPS growth, the year after +34.3% +152.0% +23.0%
Revenue, next fiscal year $5.68BFY2026 $565.04MFY2026 $12.67BFY2026
Revenue growth, next FY +53.1%FY2026 +50.2%FY2026 +5.8%FY2026
Revenue growth, the year after +27.8% +17.0% +18.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersALNYARQTVRTX
Held by institutions 99.7% 100.0% 95.1%
Institutions holding 788 272 1,747
Change in shares held, QoQ +3.8% -0.4% +3.9%
Institutions buying 412 138 904
Institutions selling 279 99 605
Buyers to sellers 1.48 1.39 1.49

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.

ALNYARQTVRTX
ALNY 1.00 0.19 0.21
ARQT 0.19 1.00 0.21
VRTX 0.21 0.21 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, ALNY, ARQT and VRTX?

Vertex Pharmaceuticals (VRTX) is the largest by market capitalisation: Alnylam Pharmaceuticals (ALNY) $21.63B, Arcutis Biotherapeutics (ARQT) $4.48B, Vertex Pharmaceuticals (VRTX) $138.64B.

Which stock is cheaper, ALNY, ARQT and VRTX?

Alnylam Pharmaceuticals (ALNY) trades on the lowest price-to-earnings ratio (Alnylam Pharmaceuticals (ALNY) 8.2x, Arcutis Biotherapeutics (ARQT) 157.0x, Vertex Pharmaceuticals (VRTX) 34.9x). On next year's consensus earnings, Alnylam Pharmaceuticals (ALNY) is cheapest (Alnylam Pharmaceuticals (ALNY) 23.7x, Arcutis Biotherapeutics (ARQT) 64.0x, Vertex Pharmaceuticals (VRTX) 29.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Arcutis Biotherapeutics (ARQT) grew revenue fastest over the trailing twelve months: Alnylam Pharmaceuticals (ALNY) +60.8%, Arcutis Biotherapeutics (ARQT) +76.1%, Vertex Pharmaceuticals (VRTX) +10.5%.

Which company is more profitable?

Alnylam Pharmaceuticals (ALNY) has the highest net margin (Alnylam Pharmaceuticals (ALNY) 52.8%, Arcutis Biotherapeutics (ARQT) 6.1%, Vertex Pharmaceuticals (VRTX) 30.7%).

Which stock has performed better?

Over the past year Arcutis Biotherapeutics (ARQT) returned the most: Alnylam Pharmaceuticals (ALNY) -63.2%, Arcutis Biotherapeutics (ARQT) +29.2%, Vertex Pharmaceuticals (VRTX) +24.6%. Over five years, Vertex Pharmaceuticals (VRTX) compounded fastest (Alnylam Pharmaceuticals (ALNY) -2.9%/yr, Arcutis Biotherapeutics (ARQT) +8.2%/yr, Vertex Pharmaceuticals (VRTX) +22.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Vertex Pharmaceuticals (VRTX) has been the steadiest (Alnylam Pharmaceuticals (ALNY) 58.6%, Arcutis Biotherapeutics (ARQT) 51.4%, Vertex Pharmaceuticals (VRTX) 29.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ALNY, ARQT and VRTX?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Alnylam Pharmaceuticals (ALNY) 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.