AMGN vs ARQT vs ALNY Stock Comparison

Amgen, Arcutis Biotherapeutics and Alnylam Pharmaceuticals Prices as of Nov 5, 2026 Peers: Industry group
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AMGN Amgen Inc
$460.28 +14.3% 1M +43.9% 1Y
Market cap
$248.05B
P/E
26.4x
Revenue (TTM)
$38.90B
Div. yield
0.02%
Biotechnology Healthcare
5 wins

Head to Head

11 decided of 12

Alnylam Pharmaceuticals leads on 6 of the 12 questions below (Alnylam Pharmaceuticals 6, Amgen 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMGNARQTALNYLeader
Larger companyMarket capitalisation $248.05B $3.35B $21.15B AMGN
Cheaper on earningsLower P/E, profitable companies only 26.4x 112.0x 8.0x ALNY
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.1x 54.0x 8.2x ALNY
Faster revenue growthRevenue growth, trailing twelve months +8.2% +60.0% +60.8% ALNY
More profitableNet margin, trailing twelve months 24.1% 5.9% 52.8% ALNY
Better return on capitalReturn on invested capital 15.6% 10.0% — AMGN
Less leveragedLower net debt / EBITDA 2.4x — -3.1x ALNY
Higher dividend yieldTrailing dividend yield 0.02% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +43.9% +10.7% -63.9% AMGN
Better 5-year returnAnnualised price return, 5 years +16.6%/yr +4.1%/yr -3.5%/yr AMGN
Less volatileAnnualised volatility, 1 year 29.2% 57.0% 58.5% AMGN
Higher overall scoreMean of the five percentile scores vs peers 66/100 76/100 82/100 ALNY

Percentile Scorecard

AMGNARQTALNY

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

AxisAMGNARQTALNY
Valuation 86 #92 of 634 72 #178 of 634 92 #54 of 634
Growth 62 #233 of 608 96 #25 of 608 99 #8 of 608
Profitability 94 #33 of 557 91 #54 of 557 90 #56 of 557
Financial Health 22 #508 of 654 48 #343 of 654 62 #250 of 654
Shareholder Returns 66 #138 of 403 72 #113 of 403 67 #135 of 403
Overall 66 76 82
  • AMGN ranked among 671 companies in Pharmaceuticals and Biotechnology
  • ARQT ranked among 671 companies in Pharmaceuticals and Biotechnology
  • ALNY 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

PeriodAMGNARQTALNYSPY
1 month +14.3%+12.9%-30.0% -5.9%
3 months +13.7%+2.2%-27.5% -4.6%
6 months +39.9%+30.7%-47.1% +0.2%
Year to date +40.6%-7.0%-60.6% +7.5%
1 year +43.9%+10.7%-63.9% +8.2%
3 years +68.7%+1,053.8%-6.3% +68.3%
3 years, per year +19.1%+126.1%-2.1% +19.0%
5 years +115.3%+22.4%-16.3% +56.5%
5 years, per year +16.6%+4.1%-3.5% +9.4%
10 years +239.9%—+364.2% +251.5%
10 years, per year +13.0%—+16.6% +13.4%

Risk

MeasureAMGNARQTALNYSPY
Volatility, 1Y 29.2%57.0%58.5% 13.6%
Downside volatility, 1Y 28.3%59.7%74.5% 14.2%
Beta vs S&P 500, 1Y 0.501.530.44 1.00
Return / volatility, 1Y 1.500.19-1.09 0.60
Max drawdown, 5Y -26.7%-93.2%-68.1% -25.4%
From 52-week high -3.8%-21.2%-66.9% -5.9%
52-week high $478.48$34.26$473.29 $779.14
52-week low $313.85$19.50$156.66 $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.

MultipleAMGNARQTALNY
P/E now vs peer median 26.5xmedian 17.8x 118.3xmedian 17.8x 7.9xmedian 17.8x
P/S now vs peer median 6.4xmedian 8.1x 6.7xmedian 8.1x 4.2xmedian 8.1x
EV/EBITDA now vs peer median 17.0xmedian 15.7x —median 15.7x 17.2xmedian 15.7x
P/FCF now vs peer median 26.0xmedian 21.0x 57.0xmedian 21.0x 26.0xmedian 21.0x
P/B now vs peer median 17.3xmedian 2.0x 13.9xmedian 2.0x 5.8xmedian 2.0x
PEG now vs peer median 3.82median 0.36 4.37median 0.36 0.09median 0.36

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 monthsAMGNARQTALNY
Revenue $38.90B $508.68M $5.01B
Gross profit $27.58B $463.81M $3.88B
Operating income $12.61B $35.16M $977.59M
Net income $9.39B $29.91M $2.65B
Free cash flow $9.58B $59.71M $806.31M
R&D $7.84B $93.86M $1.56B
EPS (diluted) $17.20 $0.22 $19.16
Cash & equivalents $13.19B $33.37M $1.75B
Total debt $54.01B $109.40M $361.53M
Shares (diluted) 546.00M 136.84M 138.28M
Enterprise value $199.71B $2.48B $8.34B

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
MetricAMGNARQTALNY
P/E 26.5x 118.3x 7.9x
P/FCF 26.0x 57.0x 26.0x
P/Operating cash flow 20.7x 56.7x 21.9x
P/S 6.4x 6.7x 4.2x
P/B 17.3x 13.9x 5.8x
P/Tangible book -48.0x 14.7x 5.8x
EV/EBITDA 17.0x – 17.2x
EV/EBIT 23.0x 92.5x 18.2x
EV/Revenue 7.4x 6.4x 3.5x
EV/FCF 30.2x 54.5x 22.0x
EV/Operating cash flow 24.1x 54.2x 18.6x
PEG (3Y EPS CAGR) 3.82 4.37 0.09

Growth

14 metrics
MetricAMGNARQTALNY
Revenue growth (1Y) 8.2% 60.0% 60.8%
Revenue CAGR (3Y) 13.2% 118.1% 42.7%
Gross profit growth (1Y) 15.9% 62.2% 49.6%
Gross profit CAGR (3Y) 11.8% 116.3% 37.8%
Operating income growth (1Y) 45.4% 191.9% 269.3%
Operating income CAGR (3Y) 12.5% 28.9% 68.2%
Net income growth (1Y) 34.1% 167.5% 2,137%
Net income CAGR (3Y) 7.5% 28.3% 93.1%
EPS growth (1Y) 33.1% 165.5% 2,122%
EPS CAGR (3Y) 6.9% 27.0% 90.7%
Operating cash flow growth (1Y) -8.3% 284.2% 351.6%
Operating cash flow CAGR (3Y) 4.4% 30.6% 685.4%
Free cash flow growth (1Y) -17.0% 279.6% 382.3%
Free cash flow CAGR (3Y) 0.7% 30.6% 141.7%

Profitability

14 metrics
MetricAMGNARQTALNY
Gross margin 70.9% 91.2% 77.4%
EBITDA margin 43.9% – 20.6%
Operating margin 32.4% 6.9% 19.5%
Pretax margin 28.4% 6.1% 15.6%
Net margin 24.1% 5.9% 52.8%
FCF margin 24.6% 11.7% 16.1%
Operating cash flow margin 30.9% 11.8% 19.1%
Return on equity 72.1% 12.9% 106.9%
Return on assets 9.8% 5.9% 39.1%
Return on invested capital 15.6% 10.0% –
Return on capital employed 17.4% 10.5% 20.7%
Asset turnover 0.4x 1.0x 0.7x
Cash conversion (OCF / net income) 1.3x 2.0x 0.4x
Stock comp / revenue 1.3% 9.0% 6.1%

Financial Health

11 metrics
MetricAMGNARQTALNY
Debt / assets 56.2% 20.9% 4.5%
Debt / equity 3.8x 0.4x 0.1x
Net debt / EBITDA 2.4x – -3.1x
Debt / FCF 5.6x 1.8x 0.4x
Liabilities / assets 85.1% 53.5% 54.9%
Equity / assets 14.9% 46.5% 45.1%
Interest coverage 4.8x 2.6x 3.2x
Current ratio 1.5x 2.9x 2.5x
Quick ratio 1.0x 2.5x 2.3x
Cash ratio 0.6x 1.5x 1.7x
Altman Z-score 2.52 6.22 3.62

Shareholder Returns

7 metrics
MetricAMGNARQTALNY
Dividend yield 2.2% – –
Net buyback yield – -0.3% -0.5%
Shareholder yield 2.2% -0.3% -0.5%
Payout ratio (earnings) 57.1% – –
Payout ratio (FCF) 56.0% – –
Dividend growth (1Y) 6.3% – –
Dividend CAGR (3Y) 6.4% – –

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.

ConsensusAMGNARQTALNY
Forward P/E 21.1xFY2026 54.0xFY2026 8.2xFY2026
EPS, next fiscal year $21.81FY2026 $0.50FY2026 $19.15FY2026
EPS growth, next FY -0.1%FY2026 – +721.9%FY2026
EPS growth, the year after +7.2% +152.0% -56.0%
Revenue, next fiscal year $41.51BFY2026 $565.04MFY2026 $5.65BFY2026
Revenue growth, next FY +12.9%FY2026 +50.2%FY2026 +52.2%FY2026
Revenue growth, the year after +2.3% +17.0% +23.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMGNARQTALNY
Held by institutions 82.7% 100.0% 99.7%
Institutions holding 3,163 272 788
Change in shares held, QoQ +4.5% -0.4% +3.8%
Institutions buying 1,452 138 412
Institutions selling 1,219 99 279
Buyers to sellers 1.19 1.39 1.48

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.

AMGNARQTALNY
AMGN 1.00 0.26 0.25
ARQT 0.26 1.00 0.19
ALNY 0.25 0.19 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, AMGN, ARQT and ALNY?

Amgen (AMGN) is the largest by market capitalisation: Amgen (AMGN) $248.05B, Arcutis Biotherapeutics (ARQT) $3.35B, Alnylam Pharmaceuticals (ALNY) $21.15B.

Which stock is cheaper, AMGN, ARQT and ALNY?

Alnylam Pharmaceuticals (ALNY) trades on the lowest price-to-earnings ratio (Amgen (AMGN) 26.4x, Arcutis Biotherapeutics (ARQT) 112.0x, Alnylam Pharmaceuticals (ALNY) 8.0x). On next year's consensus earnings, Alnylam Pharmaceuticals (ALNY) is cheapest (Amgen (AMGN) 21.1x, Arcutis Biotherapeutics (ARQT) 54.0x, Alnylam Pharmaceuticals (ALNY) 8.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Alnylam Pharmaceuticals (ALNY) grew revenue fastest over the trailing twelve months: Amgen (AMGN) +8.2%, Arcutis Biotherapeutics (ARQT) +60.0%, Alnylam Pharmaceuticals (ALNY) +60.8%.

Which company is more profitable?

Alnylam Pharmaceuticals (ALNY) has the highest net margin (Amgen (AMGN) 24.1%, Arcutis Biotherapeutics (ARQT) 5.9%, Alnylam Pharmaceuticals (ALNY) 52.8%). On return on invested capital, Amgen (AMGN) leads (Amgen (AMGN) 15.6%, Arcutis Biotherapeutics (ARQT) 10.0%).

Which stock has performed better?

Over the past year Amgen (AMGN) returned the most: Amgen (AMGN) +43.9%, Arcutis Biotherapeutics (ARQT) +10.7%, Alnylam Pharmaceuticals (ALNY) -63.9%. Over five years, Amgen (AMGN) compounded fastest (Amgen (AMGN) +16.6%/yr, Arcutis Biotherapeutics (ARQT) +4.1%/yr, Alnylam Pharmaceuticals (ALNY) -3.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Amgen (AMGN) 0.02%, Arcutis Biotherapeutics (ARQT) 0.00%, Alnylam Pharmaceuticals (ALNY) 0.00%. Arcutis Biotherapeutics (ARQT) and Alnylam Pharmaceuticals (ALNY) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Amgen (AMGN) has been the steadiest (Amgen (AMGN) 29.2%, Arcutis Biotherapeutics (ARQT) 57.0%, Alnylam Pharmaceuticals (ALNY) 58.5%). Volatility measures how widely the price swings, not the risk of the business.

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

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 6. 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.