ALNY vs VRTX vs ARGX Stock Comparison

Alnylam Pharmaceuticals, Vertex Pharmaceuticals and Argenx Se Prices as of Nov 2, 2026 Peers: Industry group
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ARGX Argenx Se
$874.97 -4.8% 1M +6.9% 1Y
Market cap
$54.15B
P/E
28.6x
Revenue (TTM)
$5.82B
Div. yield
–
Biotechnology Healthcare
2 wins

Head to Head

9 decided of 12

Vertex Pharmaceuticals leads on 4 of the 12 questions below (Vertex Pharmaceuticals 4, Alnylam Pharmaceuticals 3, Argenx Se 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionALNYVRTXARGXLeader
Larger companyMarket capitalisation $21.13B $140.14B $54.15B VRTX
Cheaper on earningsLower P/E, profitable companies only 8.0x 31.9x 28.6x ALNY
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.4x 30.3x 28.6x ALNY
Faster revenue growthRevenue growth, trailing twelve months +60.8% +10.2% +61.5% ARGX
More profitableNet margin, trailing twelve months 52.8% 35.0% 32.3% ALNY
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA -3.1x — — –
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months -65.4% +30.0% +6.9% VRTX
Better 5-year returnAnnualised price return, 5 years -1.8%/yr +24.0%/yr +22.1%/yr VRTX
Less volatileAnnualised volatility, 1 year 58.7% 29.3% 37.0% VRTX
Higher overall scoreMean of the five percentile scores vs peers 82/100 76/100 92/100 ARGX

Percentile Scorecard

ALNYVRTXARGX

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

AxisALNYVRTXARGX
Valuation 91 #55 of 623 79 #131 of 623 84 #103 of 623
Growth 99 #8 of 601 60 #240 of 601 94 #35 of 601
Profitability 90 #56 of 553 95 #29 of 553 98 #11 of 553
Financial Health 62 #249 of 654 54 #302 of 654 –
Shareholder Returns 69 #114 of 367 93 #28 of 367 –
Overall 82 76 92
  • ALNY ranked among 671 companies in Pharmaceuticals and Biotechnology
  • VRTX ranked among 671 companies in Pharmaceuticals and Biotechnology
  • ARGX 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

PeriodALNYVRTXARGXSPY
1 month -28.1%+9.6%-4.8% -2.3%
3 months -28.3%+17.5%+5.3% -0.7%
6 months -47.0%+28.7%+7.9% +4.8%
Year to date -60.3%+22.0%+4.0% +10.3%
1 year -65.4%+30.0%+6.9% +10.3%
3 years -5.6%+47.0%+75.0% +73.0%
3 years, per year -1.9%+13.7%+20.5% +20.1%
5 years -8.6%+192.6%+170.8% +61.9%
5 years, per year -1.8%+24.0%+22.1% +10.1%
10 years +339.5%+609.2%— +258.6%
10 years, per year +16.0%+21.6%— +13.6%

Risk

MeasureALNYVRTXARGXSPY
Volatility, 1Y 58.7%29.3%37.0% 12.8%
Downside volatility, 1Y 74.5%25.7%34.8% 12.8%
Beta vs S&P 500, 1Y 0.440.450.40 1.00
Return / volatility, 1Y -1.111.020.19 0.80
Max drawdown, 5Y -67.8%-29.1%-38.2% -25.4%
From 52-week high -66.6%-1.0%-17.4% -3.5%
52-week high $473.29$558.71$1,058.90 $779.14
52-week low $158.00$409.47$663.93 $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.

MultipleALNYVRTXARGX
P/E now vs peer median 8.0xmedian 17.4x 31.9xmedian 17.4x 28.6xmedian 17.4x
P/S now vs peer median 4.2xmedian 8.9x 11.1xmedian 8.9x 9.3xmedian 8.9x
EV/EBITDA now vs peer median 17.3xmedian 17.0x 26.5xmedian 17.0x —median 17.0x
P/FCF now vs peer median 26.2xmedian 21.4x 36.9xmedian 21.4x —median 21.4x
P/B now vs peer median 5.9xmedian 2.1x 6.9xmedian 2.1x —median 2.1x
PEG now vs peer median 0.09median 0.35 3.14median 0.35 0.27median 0.35

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 monthsALNYVRTXARGX
Revenue $5.01B $12.59B $5.82B
Gross profit $3.88B $10.82B $5.24B
Operating income $977.59M $4.78B $1.74B
Net income $2.65B $4.41B $1.88B
Free cash flow $806.31M $3.80B –
R&D $1.56B $3.91B $1.80B
EPS (diluted) $19.16 $17.26 $28.43
Cash & equivalents $1.75B $6.14B –
Total debt $361.53M – –
Shares (diluted) 138.28M 255.20M 66.03M
Enterprise value $8.32B $112.15B $54.15B

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
MetricALNYVRTXARGX
P/E 8.0x 31.9x 28.6x
P/FCF 26.2x 36.9x –
P/Operating cash flow 22.1x 32.6x –
P/S 4.2x 11.1x 9.3x
P/B 5.9x 6.9x –
P/Tangible book 5.9x 7.1x –
EV/EBITDA 17.3x 26.5x –
EV/EBIT 18.3x 27.7x 31.1x
EV/Revenue 3.6x 10.5x 9.3x
EV/FCF 22.2x 34.8x –
EV/Operating cash flow 18.7x 30.8x –
PEG (3Y EPS CAGR) 0.09 3.14 0.27

Growth

14 metrics
MetricALNYVRTXARGX
Revenue growth (1Y) 60.8% 10.2% 61.5%
Revenue CAGR (3Y) 42.7% 9.8% 80.5%
Gross profit growth (1Y) 49.6% 10.1% 62.2%
Gross profit CAGR (3Y) 37.8% 9.0% 80.0%
Operating income growth (1Y) 269.3% 21.8% 120.6%
Operating income CAGR (3Y) 68.2% 6.4% 85.1%
Net income growth (1Y) 2,137% 21.1% 22.5%
Net income CAGR (3Y) 93.1% 9.4% 115.5%
EPS growth (1Y) 2,122% 22.9% 20.9%
EPS CAGR (3Y) 90.7% 10.1% 104.8%
Operating cash flow growth (1Y) 351.6% 11.6% –
Operating cash flow CAGR (3Y) 685.4% 1.8% –
Free cash flow growth (1Y) 382.3% 8.5% –
Free cash flow CAGR (3Y) 141.7% -0.7% –

Profitability

14 metrics
MetricALNYVRTXARGX
Gross margin 77.4% 86.0% 90.0%
EBITDA margin 20.6% 39.7% –
Operating margin 19.5% 38.0% 29.9%
Pretax margin 15.6% 41.9% 32.6%
Net margin 52.8% 35.0% 32.3%
FCF margin 16.1% 30.2% –
Operating cash flow margin 19.1% 34.1% –
Return on equity 106.9% 22.2% –
Return on assets 39.1% 16.3% –
Return on invested capital – – –
Return on capital employed 20.7% 20.8% –
Asset turnover 0.7x 0.5x –
Cash conversion (OCF / net income) 0.4x 1.0x –
Stock comp / revenue 6.1% 5.5% –

Financial Health

11 metrics
MetricALNYVRTXARGX
Debt / assets 4.5% – –
Debt / equity 0.1x – –
Net debt / EBITDA -3.1x – –
Debt / FCF 0.4x – –
Liabilities / assets 54.9% 26.2% –
Equity / assets 45.1% 73.8% –
Interest coverage 3.2x – 10,120x
Current ratio 2.5x 3.2x –
Quick ratio 2.3x 2.5x –
Cash ratio 1.7x 2.0x –
Altman Z-score 3.65 13.93 –

Shareholder Returns

7 metrics
MetricALNYVRTXARGX
Dividend yield – – –
Net buyback yield -0.5% 1.3% –
Shareholder yield -0.5% 1.3% –
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.

ConsensusALNYVRTXARGX
Forward P/E 23.4xFY2026 30.3xFY2026 28.6xFY2026
EPS, next fiscal year $6.76FY2026 $18.24FY2026 $30.63FY2026
EPS growth, next FY +190.1%FY2026 -0.9%FY2026 +56.5%FY2026
EPS growth, the year after +34.3% +23.0% +26.9%
Revenue, next fiscal year $5.68BFY2026 $12.67BFY2026 $6.08BFY2026
Revenue growth, next FY +53.1%FY2026 +5.8%FY2026 +43.1%FY2026
Revenue growth, the year after +27.8% +18.8% +22.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersALNYVRTXARGX
Held by institutions 99.7% 95.1% 46.1%
Institutions holding 788 1,747 506
Change in shares held, QoQ +3.8% +3.9% -2.0%
Institutions buying 412 904 264
Institutions selling 279 605 162
Buyers to sellers 1.48 1.49 1.63

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.

ALNYVRTXARGX
ALNY 1.00 0.22 0.16
VRTX 0.22 1.00 0.35
ARGX 0.16 0.35 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ALNY, VRTX and ARGX?

Vertex Pharmaceuticals (VRTX) is the largest by market capitalisation: Alnylam Pharmaceuticals (ALNY) $21.13B, Vertex Pharmaceuticals (VRTX) $140.14B, Argenx Se (ARGX) $54.15B.

Which stock is cheaper, ALNY, VRTX and ARGX?

Alnylam Pharmaceuticals (ALNY) trades on the lowest price-to-earnings ratio (Alnylam Pharmaceuticals (ALNY) 8.0x, Vertex Pharmaceuticals (VRTX) 31.9x, Argenx Se (ARGX) 28.6x). On next year's consensus earnings, Alnylam Pharmaceuticals (ALNY) is cheapest (Alnylam Pharmaceuticals (ALNY) 23.4x, Vertex Pharmaceuticals (VRTX) 30.3x, Argenx Se (ARGX) 28.6x). 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%, Vertex Pharmaceuticals (VRTX) +10.2%, Argenx Se (ARGX) +61.5%.

Which company is more profitable?

Alnylam Pharmaceuticals (ALNY) has the highest net margin (Alnylam Pharmaceuticals (ALNY) 52.8%, Vertex Pharmaceuticals (VRTX) 35.0%, Argenx Se (ARGX) 32.3%).

Which stock has performed better?

Over the past year Vertex Pharmaceuticals (VRTX) returned the most: Alnylam Pharmaceuticals (ALNY) -65.4%, Vertex Pharmaceuticals (VRTX) +30.0%, Argenx Se (ARGX) +6.9%. Over five years, Vertex Pharmaceuticals (VRTX) compounded fastest (Alnylam Pharmaceuticals (ALNY) -1.8%/yr, Vertex Pharmaceuticals (VRTX) +24.0%/yr, Argenx Se (ARGX) +22.1%/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) 58.7%, Vertex Pharmaceuticals (VRTX) 29.3%, Argenx Se (ARGX) 37.0%). Volatility measures how widely the price swings, not the risk of the business.

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

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