ANIP vs RDY vs ALVO Stock Comparison

Ani Pharmaceuticals, Dr Reddys Laboratories and Alvotech Prices as of Oct 28, 2026 Peers: Industry group
ANIP Ani Pharmaceuticals Inc
$71.71 -4.2% 1M -23.1% 1Y
Market cap
$1.54B
P/E
14.2x
Revenue (TTM)
$978.38M
Div. yield
–
Generic Drugs Healthcare
8 wins
ALVO Alvotech
$4.94 -19.7% 1M -37.2% 1Y
Market cap
$1.41B
P/E
–
Revenue (TTM)
$105.94M
Div. yield
–
Generic Drugs Healthcare

Head to Head

11 decided of 12

Ani Pharmaceuticals leads on 8 of the 12 questions below (Ani Pharmaceuticals 8, Dr Reddys Laboratories 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionANIPRDYALVOLeader
Larger companyMarket capitalisation $1.54B $11.78B $1.41B RDY
Cheaper on earningsLower P/E, profitable companies only 14.2x 32.4x -5.4x ANIP
Cheaper on forward earningsLower price / next fiscal year consensus EPS 7.3x 29.5x — ANIP
Faster revenue growthRevenue growth, trailing twelve months +30.9% -10.5% -74.3% ANIP
More profitableNet margin, trailing twelve months 11.0% 10.2% -248.0% ANIP
Better return on capitalReturn on invested capital 12.9% 5.6% 4.4% ANIP
Less leveragedLower net debt / EBITDA -0.2x 1.2x 13.1x ANIP
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -23.1% -3.1% -37.2% RDY
Better 5-year returnAnnualised price return, 5 years +13.9%/yr +2.9%/yr -13.0%/yr ANIP
Less volatileAnnualised volatility, 1 year 32.0% 27.7% 81.7% RDY
Higher overall scoreMean of the five percentile scores vs peers 84/100 58/100 48/100 ANIP

Percentile Scorecard

ANIPRDYALVO

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

AxisANIPRDYALVO
Valuation 97 #23 of 625 91 #57 of 625 72 #173 of 625
Growth 97 #19 of 602 10 #540 of 602 35 #394 of 602
Profitability 90 #55 of 549 83 #94 of 549 68 #174 of 549
Financial Health 45 #360 of 654 44 #369 of 654 16 #553 of 654
Shareholder Returns 92 #32 of 367 62 #142 of 367 –
Overall 84 58 48
  • ANIP ranked among 672 companies in Pharmaceuticals and Biotechnology
  • RDY ranked among 672 companies in Pharmaceuticals and Biotechnology
  • ALVO 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

PeriodANIPRDYALVOSPY
1 month -4.2%+13.1%-19.7% +0.9%
3 months -12.3%+20.2%+39.9% +5.9%
6 months -8.0%+3.1%+49.7% +8.5%
Year to date -9.2%+0.8%-3.7% +13.3%
1 year -23.1%-3.1%-37.2% +12.4%
3 years +21.8%+8.8%-45.0% +88.1%
3 years, per year +6.8%+2.8%-18.1% +23.5%
5 years +91.8%+15.2%-50.1% +68.2%
5 years, per year +13.9%+2.9%-13.0% +11.0%
10 years +18.9%+42.5%— +263.4%
10 years, per year +1.7%+3.6%— +13.8%

Risk

MeasureANIPRDYALVOSPY
Volatility, 1Y 32.0%27.7%81.7% 12.7%
Downside volatility, 1Y 31.7%30.3%86.3% 12.7%
Beta vs S&P 500, 1Y 0.260.280.75 1.00
Return / volatility, 1Y -0.72-0.11-0.46 0.98
Max drawdown, 5Y -59.4%-32.3%-82.6% -25.4%
From 52-week high -24.1%-8.0%-37.5% -0.9%
52-week high $94.48$15.38$7.90 $779.14
52-week low $70.16$11.40$3.00 $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.

MultipleANIPRDYALVO
P/E now vs peer median 14.1xmedian 17.4x 32.4xmedian 17.4x -5.4xmedian 17.4x
P/S now vs peer median 1.7xmedian 9.1x 3.3xmedian 9.1x 14.5xmedian 9.1x
EV/EBITDA now vs peer median 7.0xmedian 17.1x 23.5xmedian 17.1x 30.4xmedian 17.1x
P/FCF now vs peer median 9.9xmedian 19.0x 846.2xmedian 19.0x -5.9xmedian 19.0x
P/B now vs peer median 2.9xmedian 2.2x 2.9xmedian 2.2x -8.0xmedian 2.2x
PEG now vs peer median 0.10median 0.34 -1.52median 0.34 -0.22median 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 monthsANIPRDYALVO
Revenue $978.38M $3.56B $105.94M
Gross profit $590.98M $1.76B $7.66M
Operating income $150.36M $347.04M $47.54M
Net income $108.31M $299.19M -$179.60M
Free cash flow $172.99M $13.96M -$261.39M
R&D $49.91M $244.48M $46.37M
EPS (diluted) $4.93 $0.44 $-0.90
Cash & equivalents $360.21M $138.41M $142.80M
Total debt $301.48M $752.59M $1.31B
Shares (diluted) 21.92M 833.33M 291.34M
Enterprise value $316.28M $11.12B $973.26M

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
MetricANIPRDYALVO
P/E 14.1x 32.4x -5.4x
P/FCF 9.9x 846.2x -5.9x
P/Operating cash flow 9.0x 34.7x -7.8x
P/S 1.7x 3.3x 14.5x
P/B 2.9x 2.9x -8.0x
P/Tangible book 11.6x 4.0x -4.6x
EV/EBITDA 7.0x 23.5x 30.4x
EV/EBIT 11.0x 35.8x 56.9x
EV/Revenue 1.7x 3.5x 25.5x
EV/FCF 9.5x 890.2x -10.3x
EV/Operating cash flow 8.7x 36.5x -13.6x
PEG (3Y EPS CAGR) 0.10 -1.52 -0.22

Growth

14 metrics
MetricANIPRDYALVO
Revenue growth (1Y) 30.9% -10.5% -74.3%
Revenue CAGR (3Y) 34.6% 3.2% 104.2%
Gross profit growth (1Y) 29.5% -21.5% -95.0%
Gross profit CAGR (3Y) 32.8% -2.3% 27.6%
Operating income growth (1Y) 889.9% -58.2% -13.3%
Operating income CAGR (3Y) 98.9% -24.1% 28.9%
Net income growth (1Y) 1,161% -55.9% -383.6%
Net income CAGR (3Y) 184.4% -21.5% 24.4%
EPS growth (1Y) 945.2% -54.1% -481.6%
EPS CAGR (3Y) 146.4% -21.3% 24.6%
Operating cash flow growth (1Y) 36.2% -39.6% -367.1%
Operating cash flow CAGR (3Y) 66.2% -27.1% 12.8%
Free cash flow growth (1Y) 37.9% -98.4% -113.0%
Free cash flow CAGR (3Y) 77.7% -73.6% 8.6%

Profitability

14 metrics
MetricANIPRDYALVO
Gross margin 60.4% 49.5% 7.2%
EBITDA margin 24.3% 14.9% 83.9%
Operating margin 15.4% 9.7% 44.9%
Pretax margin 14.6% 10.7% -62.1%
Net margin 11.0% 10.2% -248.0%
FCF margin 17.7% 0.4% -246.7%
Operating cash flow margin 19.4% 9.5% -187.6%
Return on equity 18.7% 7.4% –
Return on assets 7.4% 5.0% -17.5%
Return on invested capital 12.9% 5.6% 4.4%
Return on capital employed 12.8% 7.9% 4.1%
Asset turnover 0.7x 0.6x 0.1x
Cash conversion (OCF / net income) 1.7x 1.1x 1.1x
Stock comp / revenue 4.2% 0.1% 8.7%

Financial Health

11 metrics
MetricANIPRDYALVO
Debt / assets 20.2% 12.6% 82.3%
Debt / equity 0.5x 0.2x -6.8x
Net debt / EBITDA -0.2x 1.2x 13.1x
Debt / FCF 1.7x 53.9x -5.0x
Liabilities / assets 60.0% 32.2% 112.1%
Equity / assets 40.0% 67.8% -12.1%
Interest coverage – 7.2x 0.8x
Current ratio 2.9x 1.9x 1.6x
Quick ratio 2.2x 0.7x 1.1x
Cash ratio 1.3x 0.1x 0.4x
Altman Z-score 2.60 5.64 -1.34

Shareholder Returns

7 metrics
MetricANIPRDYALVO
Dividend yield – 0.6% –
Net buyback yield 0.6% -0.1% –
Shareholder yield 0.6% 0.5% –
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.

ConsensusANIPRDYALVO
Forward P/E 7.3xFY2026 29.5xFY2026 –
EPS, next fiscal year $9.81FY2026 $0.48FY2026 $-0.01FY2026
EPS growth, next FY +24.3%FY2026 -11.1%FY2026 –
EPS growth, the year after -2.3% +20.8% –
Revenue, next fiscal year $1.15BFY2026 $3.82BFY2026 $556.32MFY2026
Revenue growth, next FY +29.9%FY2026 +8.7%FY2026 -6.2%FY2026
Revenue growth, the year after +9.7% +3.7% +23.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersANIPRDYALVO
Held by institutions 96.0% 15.1% 14.7%
Institutions holding 306 238 72
Change in shares held, QoQ -1.8% +4.3% +152.4%
Institutions buying 172 107 44
Institutions selling 88 97 17
Buyers to sellers 1.95 1.10 2.59

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.

ANIPRDYALVO
ANIP 1.00 0.18 0.10
RDY 0.18 1.00 0.08
ALVO 0.10 0.08 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ANIP, RDY and ALVO?

Dr Reddys Laboratories (RDY) is the largest by market capitalisation: Ani Pharmaceuticals (ANIP) $1.54B, Dr Reddys Laboratories (RDY) $11.78B, Alvotech (ALVO) $1.41B.

Which stock is cheaper, ANIP, RDY and ALVO?

Ani Pharmaceuticals (ANIP) trades on the lowest price-to-earnings ratio (Ani Pharmaceuticals (ANIP) 14.2x, Dr Reddys Laboratories (RDY) 32.4x, Alvotech (ALVO) -5.4x). On next year's consensus earnings, Ani Pharmaceuticals (ANIP) is cheapest (Ani Pharmaceuticals (ANIP) 7.3x, Dr Reddys Laboratories (RDY) 29.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Ani Pharmaceuticals (ANIP) grew revenue fastest over the trailing twelve months: Ani Pharmaceuticals (ANIP) +30.9%, Dr Reddys Laboratories (RDY) -10.5%, Alvotech (ALVO) -74.3%.

Which company is more profitable?

Ani Pharmaceuticals (ANIP) has the highest net margin (Ani Pharmaceuticals (ANIP) 11.0%, Dr Reddys Laboratories (RDY) 10.2%, Alvotech (ALVO) -248.0%). On return on invested capital, Ani Pharmaceuticals (ANIP) leads (Ani Pharmaceuticals (ANIP) 12.9%, Dr Reddys Laboratories (RDY) 5.6%, Alvotech (ALVO) 4.4%).

Which stock has performed better?

Over the past year Dr Reddys Laboratories (RDY) returned the most: Ani Pharmaceuticals (ANIP) -23.1%, Dr Reddys Laboratories (RDY) -3.1%, Alvotech (ALVO) -37.2%. Over five years, Ani Pharmaceuticals (ANIP) compounded fastest (Ani Pharmaceuticals (ANIP) +13.9%/yr, Dr Reddys Laboratories (RDY) +2.9%/yr, Alvotech (ALVO) -13.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Dr Reddys Laboratories (RDY) has been the steadiest (Ani Pharmaceuticals (ANIP) 32.0%, Dr Reddys Laboratories (RDY) 27.7%, Alvotech (ALVO) 81.7%). Volatility measures how widely the price swings, not the risk of the business.

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

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