AMRX vs BAX vs FENC Stock Comparison

Amneal Pharmaceuticals, Baxter International and Fennec Pharmaceuticals Prices as of Oct 29, 2026 Peers: Industry group
BAX Baxter International Inc
$23.49 0.0% 1M +4.8% 1Y
Market cap
$11.81B
P/E
–
Revenue (TTM)
$11.61B
Div. yield
0.01%
Medical Supplies Healthcare
2 wins

Head to Head

10 decided of 12

Amneal Pharmaceuticals leads on 6 of the 12 questions below (Amneal Pharmaceuticals 6, Baxter International 2, Fennec Pharmaceuticals 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMRXBAXFENCLeader
Larger companyMarket capitalisation $6.85B $11.81B $354.09M BAX
Cheaper on earningsLower P/E, profitable companies only 43.5x -16.3x -53.6x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 22.0x 11.9x 37.8x BAX
Faster revenue growthRevenue growth, trailing twelve months +9.3% +5.3% +61.4% FENC
More profitableNet margin, trailing twelve months 5.0% -6.2% -12.3% AMRX
Better return on capitalReturn on invested capital 17.4% -1.4% — AMRX
Less leveragedLower net debt / EBITDA 3.8x 9.0x — AMRX
Higher dividend yieldTrailing dividend yield 0.00% 0.01% 0.00% –
Better 1-year returnPrice return, last 12 months +104.7% +4.8% +29.3% AMRX
Better 5-year returnAnnualised price return, 5 years +31.2%/yr -21.5%/yr +3.4%/yr AMRX
Less volatileAnnualised volatility, 1 year 35.1% 45.1% 64.1% AMRX
Higher overall scoreMean of the five percentile scores vs peers 70/100 44/100 73/100 FENC

Percentile Scorecard

AMRXBAXFENC

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

AxisAMRXBAXFENC
Valuation 92 #54 of 624 89 #25 of 227 58 #265 of 624
Growth 74 #158 of 601 14 #187 of 218 94 #40 of 601
Profitability 84 #87 of 541 66 #69 of 202 85 #84 of 541
Financial Health 12 #573 of 647 19 #189 of 233 57 #277 of 647
Shareholder Returns 87 #46 of 359 33 #87 of 130 –
Overall 70 44 73
  • AMRX ranked among 671 companies in Pharmaceuticals and Biotechnology
  • BAX ranked among 247 companies in Medical Devices and Diagnostics
  • FENC 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

PeriodAMRXBAXFENCSPY
1 month +5.7%0.0%+1.4% +0.7%
3 months +15.4%-12.2%+10.5% +3.7%
6 months +65.9%+33.6%+68.7% +7.1%
Year to date +69.4%+22.9%+42.2% +12.8%
1 year +104.7%+4.8%+29.3% +11.9%
3 years +450.3%-26.7%+59.2% +85.2%
3 years, per year +76.6%-9.8%+16.8% +22.8%
5 years +288.9%-70.3%+18.3% +67.6%
5 years, per year +31.2%-21.5%+3.4% +10.9%
10 years —-50.2%+444.8% +262.0%
10 years, per year —-6.7%+18.5% +13.7%

Risk

MeasureAMRXBAXFENCSPY
Volatility, 1Y 35.1%45.1%64.1% 12.7%
Downside volatility, 1Y 30.9%49.5%59.9% 12.6%
Beta vs S&P 500, 1Y 0.701.181.33 1.00
Return / volatility, 1Y 2.990.110.46 0.94
Max drawdown, 5Y -78.2%-82.3%-65.6% -25.4%
From 52-week high -0.4%-17.1%-14.3% -1.2%
52-week high $21.44$28.35$12.78 $779.14
52-week low $10.00$15.80$5.77 $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.

MultipleAMRXBAXFENC
P/E now vs peer median 43.3xmedian 17.8x -16.8xmedian 28.7x -57.3xmedian 17.8x
P/S now vs peer median 2.2xmedian 9.1x 1.0xmedian 3.0x 7.1xmedian 9.1x
EV/EBITDA now vs peer median 14.1xmedian 15.0x 25.6xmedian 17.8x —median 15.0x
P/FCF now vs peer median 82.0xmedian 21.7x 10.5xmedian 26.4x —median 21.7x
P/B now vs peer median 206.5xmedian 2.2x 1.9xmedian 2.4x 9.0xmedian 2.2x
PEG now vs peer median 0.18median 0.35 0.53median 0.99 -1.34median 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 monthsAMRXBAXFENC
Revenue $3.12B $11.61B $53.77M
Gross profit $1.23B $3.49B $49.65M
Operating income $453.92M -$221.00M -$3.74M
Net income $215.32M -$723.00M -$6.60M
Free cash flow $83.11M $1.16B –
R&D $175.57M $519.00M $274.00K
EPS (diluted) $0.48 $-1.39 $-0.18
Cash & equivalents $127.64M $1.98B $41.25M
Total debt $2.67B $8.60B –
Shares (diluted) 328.10M 520.00M 36.43M
Enterprise value $6.04B $3.69B $235.40M

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
MetricAMRXBAXFENC
P/E 43.3x -16.8x -57.3x
P/FCF 82.0x 10.5x –
P/Operating cash flow 34.0x 7.3x –
P/S 2.2x 1.0x 7.1x
P/B 206.5x 1.9x 9.0x
P/Tangible book -12.3x 4.7x 9.0x
EV/EBITDA 14.1x 25.6x –
EV/EBIT 20.6x -84.9x -91.6x
EV/Revenue 3.0x 1.6x 6.4x
EV/FCF 112.6x 16.2x –
EV/Operating cash flow 46.6x 11.3x –
PEG (3Y EPS CAGR) 0.18 0.53 -1.34

Growth

14 metrics
MetricAMRXBAXFENC
Revenue growth (1Y) 9.3% 5.3% 61.4%
Revenue CAGR (3Y) 10.5% 0.7% 118.1%
Gross profit growth (1Y) 14.1% -7.1% 65.9%
Gross profit CAGR (3Y) 14.9% -7.7% –
Operating income growth (1Y) 20.6% -136.3% 61.4%
Operating income CAGR (3Y) 32.5% 4.2% 46.2%
Net income growth (1Y) 426.4% -112.0% 45.1%
Net income CAGR (3Y) 139.1% -31.6% 37.0%
EPS growth (1Y) 4,481% -109.6% 58.3%
EPS CAGR (3Y) 237.0% -31.5% 42.6%
Operating cash flow growth (1Y) -42.8% 97.4% –
Operating cash flow CAGR (3Y) 0.4% 0.6% –
Free cash flow growth (1Y) -69.3% 243.5% –
Free cash flow CAGR (3Y) -17.3% -5.0% –

Profitability

14 metrics
MetricAMRXBAXFENC
Gross margin 39.3% 30.1% 92.4%
EBITDA margin 21.3% 6.3% –
Operating margin 14.6% -1.9% -7.0%
Pretax margin 6.5% -1.6% -8.2%
Net margin 5.0% -6.2% -12.3%
FCF margin 2.7% 10.0% –
Operating cash flow margin 6.4% 14.3% –
Return on equity – -11.4% -11.4%
Return on assets 5.9% -3.7% -6.1%
Return on invested capital 17.4% -1.4% –
Return on capital employed 16.4% -1.4% -6.2%
Asset turnover 0.9x 0.6x 0.7x
Cash conversion (OCF / net income) 0.9x -2.3x –
Stock comp / revenue 1.1% 0.9% 14.8%

Financial Health

11 metrics
MetricAMRXBAXFENC
Debt / assets 70.7% 44.3% –
Debt / equity 80.9x 1.3x –
Net debt / EBITDA 3.8x 9.0x –
Debt / FCF 32.1x 7.4x –
Liabilities / assets 99.1% 66.5% 44.0%
Equity / assets 0.9% 33.5% 56.0%
Interest coverage – – -2.5x
Current ratio 2.2x 1.8x 5.8x
Quick ratio 1.3x 1.0x 5.2x
Cash ratio 0.1x 0.5x 3.3x
Altman Z-score 2.50 2.33 4.21

Shareholder Returns

7 metrics
MetricAMRXBAXFENC
Dividend yield – 0.2% –
Net buyback yield 0.0% -0.2% –
Shareholder yield 0.0% 0.0% –
Payout ratio (earnings) – -14.1% –
Payout ratio (FCF) – 8.8% –
Dividend growth (1Y) – -75.0% –
Dividend CAGR (3Y) – -44.1% –

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.

ConsensusAMRXBAXFENC
Forward P/E 22.0xFY2026 11.9xFY2026 37.8xFY2026
EPS, next fiscal year $0.97FY2026 $1.98FY2026 $0.29FY2026
EPS growth, next FY +16.9%FY2026 -10.4%FY2026 –
EPS growth, the year after +26.8% -3.5% +241.4%
Revenue, next fiscal year $3.24BFY2026 $11.05BFY2026 $75.58MFY2026
Revenue growth, next FY +7.4%FY2026 -1.7%FY2026 +69.3%FY2026
Revenue growth, the year after +12.4% +11.7% +28.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMRXBAXFENC
Held by institutions 51.1% 100.0% 46.6%
Institutions holding 310 691 107
Change in shares held, QoQ +1.3% +5.2% +0.7%
Institutions buying 182 359 71
Institutions selling 86 193 19
Buyers to sellers 2.12 1.86 3.74

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.

AMRXBAXFENC
AMRX 1.00 0.22 0.06
BAX 0.22 1.00 0.15
FENC 0.06 0.15 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AMRX, BAX and FENC?

Baxter International (BAX) is the largest by market capitalisation: Amneal Pharmaceuticals (AMRX) $6.85B, Baxter International (BAX) $11.81B, Fennec Pharmaceuticals (FENC) $354.09M.

Which company is growing faster?

Fennec Pharmaceuticals (FENC) grew revenue fastest over the trailing twelve months: Amneal Pharmaceuticals (AMRX) +9.3%, Baxter International (BAX) +5.3%, Fennec Pharmaceuticals (FENC) +61.4%.

Which company is more profitable?

Amneal Pharmaceuticals (AMRX) has the highest net margin (Amneal Pharmaceuticals (AMRX) 5.0%, Baxter International (BAX) -6.2%, Fennec Pharmaceuticals (FENC) -12.3%). On return on invested capital, Amneal Pharmaceuticals (AMRX) leads (Amneal Pharmaceuticals (AMRX) 17.4%, Baxter International (BAX) -1.4%).

Which stock has performed better?

Over the past year Amneal Pharmaceuticals (AMRX) returned the most: Amneal Pharmaceuticals (AMRX) +104.7%, Baxter International (BAX) +4.8%, Fennec Pharmaceuticals (FENC) +29.3%. Over five years, Amneal Pharmaceuticals (AMRX) compounded fastest (Amneal Pharmaceuticals (AMRX) +31.2%/yr, Baxter International (BAX) -21.5%/yr, Fennec Pharmaceuticals (FENC) +3.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Amneal Pharmaceuticals (AMRX) 0.00%, Baxter International (BAX) 0.01%, Fennec Pharmaceuticals (FENC) 0.00%. Amneal Pharmaceuticals (AMRX) and Fennec Pharmaceuticals (FENC) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Amneal Pharmaceuticals (AMRX) has been the steadiest (Amneal Pharmaceuticals (AMRX) 35.1%, Baxter International (BAX) 45.1%, Fennec Pharmaceuticals (FENC) 64.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AMRX, BAX and FENC?

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