ALVO vs RDY vs BHC Stock Comparison

Alvotech, Dr Reddys Laboratories and Bausch Health Companies Prices as of Nov 4, 2026 Peers: Industry group
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ALVO Alvotech
$4.67 -23.6% 1M -3.3% 1Y
Market cap
$1.46B
P/E
–
Revenue (TTM)
$105.94M
Div. yield
–
Generic Drugs Healthcare

Head to Head

10 decided of 12

Dr Reddys Laboratories leads on 5 of the 12 questions below (Dr Reddys Laboratories 5, Bausch Health Companies 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionALVORDYBHCLeader
Larger companyMarket capitalisation $1.46B $12.33B $3.13B RDY
Cheaper on earningsLower P/E, profitable companies only -5.1x 33.8x -3.7x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 30.8x 1.7x BHC
Faster revenue growthRevenue growth, trailing twelve months -74.3% -10.5% +10.8% BHC
More profitableNet margin, trailing twelve months -248.0% 10.2% -7.6% RDY
Better return on capitalReturn on invested capital 4.4% 5.6% 6.4% BHC
Less leveragedLower net debt / EBITDA 4.7x 1.2x 7.4x RDY
Higher dividend yieldTrailing dividend yield — 0.54% 0.00% –
Better 1-year returnPrice return, last 12 months -3.3% +9.7% +23.9% BHC
Better 5-year returnAnnualised price return, 5 years -14.0%/yr +3.1%/yr -21.5%/yr RDY
Less volatileAnnualised volatility, 1 year 70.2% 26.5% 59.8% RDY
Higher overall scoreMean of the five percentile scores vs peers 48/100 58/100 65/100 BHC

Percentile Scorecard

ALVORDYBHC

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

AxisALVORDYBHC
Valuation 74 #166 of 634 90 #63 of 634 99 #7 of 634
Growth 36 #391 of 607 10 #544 of 607 59 #248 of 607
Profitability 66 #193 of 557 84 #92 of 557 86 #78 of 557
Financial Health 16 #547 of 654 43 #375 of 654 16 #553 of 654
Shareholder Returns – 61 #155 of 400 –
Overall 48 58 65
  • ALVO ranked among 671 companies in Pharmaceuticals and Biotechnology
  • RDY ranked among 671 companies in Pharmaceuticals and Biotechnology
  • BHC 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

PeriodALVORDYBHCSPY
1 month -23.6%+19.9%+41.8% -1.0%
3 months +24.2%+21.5%+32.8% -0.4%
6 months +30.8%+9.7%+47.8% +4.5%
Year to date -9.0%+5.2%+20.1% +12.4%
1 year -3.3%+9.7%+23.9% +13.6%
3 years -47.4%+14.9%+10.3% +76.4%
3 years, per year -19.3%+4.7%+3.3% +20.8%
5 years -52.8%+16.5%-70.2% +63.7%
5 years, per year -14.0%+3.1%-21.5% +10.4%
10 years —+60.3%-56.5% +267.7%
10 years, per year —+4.8%-8.0% +13.9%

Risk

MeasureALVORDYBHCSPY
Volatility, 1Y 70.2%26.5%59.8% 12.8%
Downside volatility, 1Y 63.2%27.6%49.0% 12.7%
Beta vs S&P 500, 1Y 0.840.311.00 1.00
Return / volatility, 1Y -0.050.360.40 1.06
Max drawdown, 5Y -82.6%-32.3%-84.7% -25.4%
From 52-week high -24.1%-4.0%-6.1% -1.6%
52-week high $6.15$15.38$8.89 $779.14
52-week low $3.00$11.40$4.43 $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.

MultipleALVORDYBHC
P/E now vs peer median -5.1xmedian 18.0x 33.8xmedian 18.0x -3.7xmedian 18.0x
P/S now vs peer median 13.8xmedian 9.1x 3.5xmedian 9.1x 0.3xmedian 9.1x
EV/EBITDA now vs peer median 10.6xmedian 16.2x 24.5xmedian 16.2x 8.6xmedian 16.2x
P/FCF now vs peer median -5.6xmedian 21.7x 883.3xmedian 21.7x 1.7xmedian 21.7x
P/B now vs peer median -7.6xmedian 2.2x 3.0xmedian 2.2x -2.4xmedian 2.2x
PEG now vs peer median -0.15median 0.38 -0.94median 0.38 -0.68median 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 monthsALVORDYBHC
Revenue $105.94M $3.56B $11.11B
Gross profit $7.66M $1.76B $8.07B
Operating income $47.54M $347.04M $1.25B
Net income -$179.60M $299.19M -$837.00M
Free cash flow -$261.39M $13.96M $1.87B
R&D $46.37M $244.48M $638.00M
EPS (diluted) $-0.90 $0.44 $-2.22
Cash & equivalents $142.80M $138.41M $2.49B
Total debt $1.31B $752.59M $20.64B
Shares (diluted) 291.34M 833.33M 378.10M
Enterprise value $1.02B $11.70B -$2.81B

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
MetricALVORDYBHC
P/E -5.1x 33.8x -3.7x
P/FCF -5.6x 883.3x 1.7x
P/Operating cash flow -7.3x 36.3x 1.4x
P/S 13.8x 3.5x 0.3x
P/B -7.6x 3.0x -2.4x
P/Tangible book -4.4x 4.2x -0.6x
EV/EBITDA 10.6x 24.5x 8.6x
EV/EBIT 55.1x 37.3x 17.1x
EV/Revenue 24.7x 3.6x 1.9x
EV/FCF -10.0x 927.3x 11.4x
EV/Operating cash flow -13.2x 38.1x 9.6x
PEG (3Y EPS CAGR) -0.15 -0.94 -0.68

Growth

14 metrics
MetricALVORDYBHC
Revenue growth (1Y) -74.3% -10.5% 10.8%
Revenue CAGR (3Y) 104.2% 3.2% 9.2%
Gross profit growth (1Y) -95.0% -21.5% 13.9%
Gross profit CAGR (3Y) 27.2% -2.3% 10.2%
Operating income growth (1Y) -13.3% -58.2% -34.3%
Operating income CAGR (3Y) 27.6% -24.1% 50.6%
Net income growth (1Y) -383.6% -55.9% -345.5%
Net income CAGR (3Y) 24.4% -21.5% 5.3%
EPS growth (1Y) -481.6% -54.1% -330.7%
EPS CAGR (3Y) 33.6% -35.9% 5.5%
Operating cash flow growth (1Y) -367.1% -39.6% 46.7%
Operating cash flow CAGR (3Y) 12.8% -27.1% 25.5%
Free cash flow growth (1Y) -113.0% -98.4% 70.3%
Free cash flow CAGR (3Y) 8.6% -73.6% 25.9%

Profitability

14 metrics
MetricALVORDYBHC
Gross margin 7.2% 49.5% 72.6%
EBITDA margin 233.8% 14.9% 22.2%
Operating margin 44.9% 9.7% 11.2%
Pretax margin -62.1% 10.7% -3.2%
Net margin -248.0% 10.2% -7.6%
FCF margin -246.7% 0.4% 16.8%
Operating cash flow margin -187.6% 9.5% 19.9%
Return on equity – 7.4% –
Return on assets -17.5% 5.0% -3.3%
Return on invested capital 4.4% 5.6% 6.4%
Return on capital employed 4.1% 7.9% 6.1%
Asset turnover 0.1x 0.6x 0.4x
Cash conversion (OCF / net income) 1.1x 1.1x -2.6x
Stock comp / revenue 8.7% 0.1% 2.2%

Financial Health

11 metrics
MetricALVORDYBHC
Debt / assets 82.3% 12.6% 81.0%
Debt / equity -6.8x 0.2x -15.5x
Net debt / EBITDA 4.7x 1.2x 7.4x
Debt / FCF -5.0x 53.9x 11.1x
Liabilities / assets 112.1% 32.2% 105.2%
Equity / assets -12.1% 67.8% -5.2%
Interest coverage 0.8x 7.2x 0.8x
Current ratio 1.6x 1.9x 1.6x
Quick ratio 1.1x 0.7x 1.1x
Cash ratio 0.4x 0.1x 0.5x
Altman Z-score -1.36 5.80 0.22

Shareholder Returns

7 metrics
MetricALVORDYBHC
Dividend yield – 0.5% –
Net buyback yield – -0.1% –
Shareholder yield – 0.5% 0.0%
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.

ConsensusALVORDYBHC
Forward P/E – 30.8xFY2026 1.7xFY2026
EPS, next fiscal year $-0.01FY2026 $0.48FY2026 $4.86FY2026
EPS growth, next FY – -11.1%FY2026 +26.9%FY2026
EPS growth, the year after – +20.8% -13.4%
Revenue, next fiscal year $556.32MFY2026 $3.82BFY2026 $11.45BFY2026
Revenue growth, next FY -6.2%FY2026 +8.7%FY2026 +11.9%FY2026
Revenue growth, the year after +23.2% +3.7% -0.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersALVORDYBHC
Held by institutions 14.7% 15.1% 63.3%
Institutions holding 72 239 221
Change in shares held, QoQ +152.4% +4.3% +1.9%
Institutions buying 44 108 99
Institutions selling 17 97 63
Buyers to sellers 2.59 1.11 1.57

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.

ALVORDYBHC
ALVO 1.00 0.12 0.11
RDY 0.12 1.00 0.11
BHC 0.11 0.11 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ALVO, RDY and BHC?

Dr Reddys Laboratories (RDY) is the largest by market capitalisation: Alvotech (ALVO) $1.46B, Dr Reddys Laboratories (RDY) $12.33B, Bausch Health Companies (BHC) $3.13B.

Which company is growing faster?

Bausch Health Companies (BHC) grew revenue fastest over the trailing twelve months: Alvotech (ALVO) -74.3%, Dr Reddys Laboratories (RDY) -10.5%, Bausch Health Companies (BHC) +10.8%.

Which company is more profitable?

Dr Reddys Laboratories (RDY) has the highest net margin (Alvotech (ALVO) -248.0%, Dr Reddys Laboratories (RDY) 10.2%, Bausch Health Companies (BHC) -7.6%). On return on invested capital, Bausch Health Companies (BHC) leads (Alvotech (ALVO) 4.4%, Dr Reddys Laboratories (RDY) 5.6%, Bausch Health Companies (BHC) 6.4%).

Which stock has performed better?

Over the past year Bausch Health Companies (BHC) returned the most: Alvotech (ALVO) -3.3%, Dr Reddys Laboratories (RDY) +9.7%, Bausch Health Companies (BHC) +23.9%. Over five years, Dr Reddys Laboratories (RDY) compounded fastest (Alvotech (ALVO) -14.0%/yr, Dr Reddys Laboratories (RDY) +3.1%/yr, Bausch Health Companies (BHC) -21.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Dr Reddys Laboratories (RDY) 0.54%, Bausch Health Companies (BHC) 0.00%. Alvotech (ALVO) and Bausch Health Companies (BHC) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Dr Reddys Laboratories (RDY) has been the steadiest (Alvotech (ALVO) 70.2%, Dr Reddys Laboratories (RDY) 26.5%, Bausch Health Companies (BHC) 59.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ALVO, RDY and BHC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Dr Reddys Laboratories (RDY) 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.