ALVO vs RDY vs BHC Stock Comparison

Alvotech, Dr Reddys Laboratories and Bausch Health Companies Prices as of Oct 28, 2026 Peers: Industry group
ALVO Alvotech
$4.94 -19.7% 1M -37.2% 1Y
Market cap
$1.42B
P/E
–
Revenue (TTM)
$105.94M
Div. yield
–
Generic Drugs Healthcare

Head to Head

10 decided of 12

Dr Reddys Laboratories leads on 8 of the 12 questions below (Dr Reddys Laboratories 8, Bausch Health Companies 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionALVORDYBHCLeader
Larger companyMarket capitalisation $1.42B $11.78B $3.29B RDY
Cheaper on earningsLower P/E, profitable companies only -5.4x 32.4x -3.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 29.5x 1.4x BHC
Faster revenue growthRevenue growth, trailing twelve months -74.3% -10.5% — RDY
More profitableNet margin, trailing twelve months -248.0% 10.2% — RDY
Better return on capitalReturn on invested capital 4.4% 5.6% — RDY
Less leveragedLower net debt / EBITDA 13.1x 1.2x — RDY
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -37.2% -3.1% +12.3% BHC
Better 5-year returnAnnualised price return, 5 years -13.0%/yr +2.9%/yr -24.4%/yr RDY
Less volatileAnnualised volatility, 1 year 81.7% 27.7% 55.5% RDY
Higher overall scoreMean of the five percentile scores vs peers 48/100 58/100 — RDY

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 72 #173 of 625 91 #57 of 625 96 #26 of 625
Growth 35 #394 of 602 10 #540 of 602 34 #400 of 602
Profitability 68 #174 of 549 83 #94 of 549 –
Financial Health 16 #553 of 654 44 #369 of 654 –
Shareholder Returns – 62 #142 of 367 –
Overall 48 58 –
  • ALVO ranked among 672 companies in Pharmaceuticals and Biotechnology
  • RDY ranked among 672 companies in Pharmaceuticals and Biotechnology
  • BHC 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

PeriodALVORDYBHCSPY
1 month -19.7%+13.1%+20.2% +0.9%
3 months +39.9%+20.2%+48.5% +5.9%
6 months +49.7%+3.1%+24.3% +8.5%
Year to date -3.7%+0.8%0.0% +13.3%
1 year -37.2%-3.1%+12.3% +12.4%
3 years -45.0%+8.8%+5.8% +88.1%
3 years, per year -18.1%+2.8%+1.9% +23.5%
5 years -50.1%+15.2%-75.2% +68.2%
5 years, per year -13.0%+2.9%-24.4% +11.0%
10 years —+42.5%-65.8% +263.4%
10 years, per year —+3.6%-10.2% +13.8%

Risk

MeasureALVORDYBHCSPY
Volatility, 1Y 81.7%27.7%55.5% 12.7%
Downside volatility, 1Y 86.3%30.3%48.0% 12.7%
Beta vs S&P 500, 1Y 0.750.280.90 1.00
Return / volatility, 1Y -0.46-0.110.22 0.98
Max drawdown, 5Y -82.6%-32.3%-84.9% -25.4%
From 52-week high -37.5%-8.0%-12.0% -0.9%
52-week high $7.90$15.38$7.90 $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 -5.4xmedian 17.4x 32.4xmedian 17.4x -3.1xmedian 17.4x
P/S now vs peer median 14.5xmedian 9.1x 3.3xmedian 9.1x 0.2xmedian 9.1x
EV/EBITDA now vs peer median 30.4xmedian 17.1x 23.5xmedian 17.1x —median 17.1x
P/FCF now vs peer median -5.9xmedian 19.0x 846.2xmedian 19.0x 1.5xmedian 19.0x
P/B now vs peer median -8.0xmedian 2.2x 2.9xmedian 2.2x —median 2.2x
PEG now vs peer median -0.22median 0.34 -1.52median 0.34 -0.56median 0.34

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 –
Gross profit $7.66M $1.76B –
Operating income $47.54M $347.04M $1.25B
Net income -$179.60M $299.19M –
Free cash flow -$261.39M $13.96M –
R&D $46.37M $244.48M $638.00M
EPS (diluted) $-0.90 $0.44 $-2.22
Cash & equivalents $142.80M $138.41M –
Total debt $1.31B $752.59M –
Shares (diluted) 291.34M 833.33M 378.10M
Enterprise value $984.85M $11.12B $3.29B

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 -5.4x 32.4x -3.1x
P/FCF -5.9x 846.2x 1.5x
P/Operating cash flow -7.8x 34.7x –
P/S 14.5x 3.3x 0.2x
P/B -8.0x 2.9x –
P/Tangible book -4.6x 4.0x –
EV/EBITDA 30.4x 23.5x –
EV/EBIT 56.9x 35.8x –
EV/Revenue 25.5x 3.5x –
EV/FCF -10.3x 890.2x –
EV/Operating cash flow -13.6x 36.5x –
PEG (3Y EPS CAGR) -0.22 -1.52 -0.56

Growth

14 metrics
MetricALVORDYBHC
Revenue growth (1Y) -74.3% -10.5% –
Revenue CAGR (3Y) 104.2% 3.2% –
Gross profit growth (1Y) -95.0% -21.5% –
Gross profit CAGR (3Y) 27.6% -2.3% –
Operating income growth (1Y) -13.3% -58.2% -34.3%
Operating income CAGR (3Y) 28.9% -24.1% 50.6%
Net income growth (1Y) -383.6% -55.9% –
Net income CAGR (3Y) 24.4% -21.5% –
EPS growth (1Y) -481.6% -54.1% -330.7%
EPS CAGR (3Y) 24.6% -21.3% 5.5%
Operating cash flow growth (1Y) -367.1% -39.6% –
Operating cash flow CAGR (3Y) 12.8% -27.1% –
Free cash flow growth (1Y) -113.0% -98.4% –
Free cash flow CAGR (3Y) 8.6% -73.6% –

Profitability

14 metrics
MetricALVORDYBHC
Gross margin 7.2% 49.5% –
EBITDA margin 83.9% 14.9% –
Operating margin 44.9% 9.7% –
Pretax margin -62.1% 10.7% –
Net margin -248.0% 10.2% –
FCF margin -246.7% 0.4% –
Operating cash flow margin -187.6% 9.5% –
Return on equity – 7.4% –
Return on assets -17.5% 5.0% –
Return on invested capital 4.4% 5.6% –
Return on capital employed 4.1% 7.9% –
Asset turnover 0.1x 0.6x –
Cash conversion (OCF / net income) 1.1x 1.1x –
Stock comp / revenue 8.7% 0.1% –

Financial Health

11 metrics
MetricALVORDYBHC
Debt / assets 82.3% 12.6% –
Debt / equity -6.8x 0.2x –
Net debt / EBITDA 13.1x 1.2x –
Debt / FCF -5.0x 53.9x –
Liabilities / assets 112.1% 32.2% –
Equity / assets -12.1% 67.8% –
Interest coverage 0.8x 7.2x –
Current ratio 1.6x 1.9x –
Quick ratio 1.1x 0.7x –
Cash ratio 0.4x 0.1x –
Altman Z-score -1.34 5.64 –

Shareholder Returns

7 metrics
MetricALVORDYBHC
Dividend yield – 0.6% –
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 – 29.5xFY2026 1.4xFY2026
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 72 238 221
Change in shares held, QoQ +152.4% +4.3% +1.9%
Institutions buying 44 107 99
Institutions selling 17 97 63
Buyers to sellers 2.59 1.10 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 0.08 0.12
RDY 0.08 1.00 0.12
BHC 0.12 0.12 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, ALVO, RDY and BHC?

Dr Reddys Laboratories (RDY) is the largest by market capitalisation: Alvotech (ALVO) $1.42B, Dr Reddys Laboratories (RDY) $11.78B, Bausch Health Companies (BHC) $3.29B.

Which company is growing faster?

Dr Reddys Laboratories (RDY) grew revenue fastest over the trailing twelve months: Alvotech (ALVO) -74.3%, Dr Reddys Laboratories (RDY) -10.5%.

Which company is more profitable?

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

Which stock has performed better?

Over the past year Bausch Health Companies (BHC) returned the most: Alvotech (ALVO) -37.2%, Dr Reddys Laboratories (RDY) -3.1%, Bausch Health Companies (BHC) +12.3%. Over five years, Dr Reddys Laboratories (RDY) compounded fastest (Alvotech (ALVO) -13.0%/yr, Dr Reddys Laboratories (RDY) +2.9%/yr, Bausch Health Companies (BHC) -24.4%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Dr Reddys Laboratories (RDY) has been the steadiest (Alvotech (ALVO) 81.7%, Dr Reddys Laboratories (RDY) 27.7%, Bausch Health Companies (BHC) 55.5%). 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 8. 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.