BAX vs FENC vs RDY Stock Comparison

Baxter International, Fennec Pharmaceuticals and Dr Reddys Laboratories Prices as of Nov 5, 2026 Peers: Industry group
1 more company in this comparison (BDX) Create a free account to keep reading and compare up to 10 companies.
BAX Baxter International Inc
$25.63 +5.3% 1M +42.8% 1Y
Market cap
$13.26B
P/E
–
Revenue (TTM)
$11.61B
Div. yield
0.16%
Medical Supplies Healthcare
3 wins

Head to Head

11 decided of 12

Dr Reddys Laboratories leads on 6 of the 12 questions below (Dr Reddys Laboratories 6, Baxter International 3, Fennec Pharmaceuticals 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBAXFENCRDYLeader
Larger companyMarket capitalisation $13.26B $328.97M $12.12B BAX
Cheaper on earningsLower P/E, profitable companies only -18.3x -99.8x 33.3x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.6x 32.4x 30.3x BAX
Faster revenue growthRevenue growth, trailing twelve months +5.3% +77.8% -10.5% FENC
More profitableNet margin, trailing twelve months -6.2% -5.5% 10.2% RDY
Better return on capitalReturn on invested capital -1.4% — 5.6% RDY
Less leveragedLower net debt / EBITDA 9.0x — 1.2x RDY
Higher dividend yieldTrailing dividend yield 0.16% — 0.55% RDY
Better 1-year returnPrice return, last 12 months +42.8% +13.8% +8.4% BAX
Better 5-year returnAnnualised price return, 5 years -20.0%/yr +0.1%/yr +2.7%/yr RDY
Less volatileAnnualised volatility, 1 year 42.9% 65.2% 26.5% RDY
Higher overall scoreMean of the five percentile scores vs peers 43/100 70/100 57/100 FENC

Percentile Scorecard

BAXFENCRDY

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

AxisBAXFENCRDY
Valuation 86 #32 of 229 81 #120 of 634 90 #62 of 634
Growth 14 #191 of 221 98 #15 of 608 11 #543 of 608
Profitability 64 #77 of 210 87 #73 of 557 83 #94 of 557
Financial Health 17 #199 of 240 56 #286 of 654 41 #385 of 654
Shareholder Returns 34 #98 of 147 29 #288 of 403 61 #159 of 403
Overall 43 70 57
  • BAX ranked among 247 companies in Medical Devices and Diagnostics
  • FENC ranked among 671 companies in Pharmaceuticals and Biotechnology
  • RDY 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

PeriodBAXFENCRDYSPY
1 month +5.3%-9.3%+16.3% -5.9%
3 months -5.1%-13.4%+19.9% -4.6%
6 months +46.5%+36.1%+8.1% +0.2%
Year to date +34.1%+21.9%+3.4% +7.5%
1 year +42.8%+13.8%+8.4% +8.2%
3 years -25.7%+18.0%+12.1% +68.3%
3 years, per year -9.4%+5.7%+3.9% +19.0%
5 years -67.2%+0.4%+14.5% +56.5%
5 years, per year -20.0%+0.1%+2.7% +9.4%
10 years -45.5%+364.9%+57.6% +251.5%
10 years, per year -5.9%+16.6%+4.7% +13.4%

Risk

MeasureBAXFENCRDYSPY
Volatility, 1Y 42.9%65.2%26.5% 13.6%
Downside volatility, 1Y 44.3%62.7%27.7% 14.2%
Beta vs S&P 500, 1Y 1.051.410.32 1.00
Return / volatility, 1Y 1.000.210.31 0.60
Max drawdown, 5Y -82.3%-65.6%-32.3% -25.4%
From 52-week high -9.6%-26.5%-5.6% -5.9%
52-week high $28.35$12.78$15.38 $779.14
52-week low $15.80$5.77$11.40 $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.

MultipleBAXFENCRDY
P/E now vs peer median -18.3xmedian 26.9x -99.8xmedian 17.8x 33.3xmedian 17.8x
P/S now vs peer median 1.1xmedian 2.9x 5.6xmedian 8.1x 3.4xmedian 8.1x
EV/EBITDA now vs peer median 27.1xmedian 17.5x —median 15.7x 24.1xmedian 15.7x
P/FCF now vs peer median 11.4xmedian 26.4x -161.3xmedian 21.0x 868.4xmedian 21.0x
P/B now vs peer median 2.0xmedian 2.3x 7.8xmedian 2.0x 3.0xmedian 2.0x
PEG now vs peer median 0.58median 0.88 -1.83median 0.36 -0.93median 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 monthsBAXFENCRDY
Revenue $11.61B $59.22M $3.56B
Gross profit $3.49B $55.51M $1.76B
Operating income -$221.00M -$1.13M $347.04M
Net income -$723.00M -$3.25M $299.19M
Free cash flow $1.16B -$2.04M $13.96M
R&D $519.00M $216.00K $244.48M
EPS (diluted) $-1.39 $-0.09 $0.44
Cash & equivalents $1.98B $41.25M $138.41M
Total debt $8.60B – $752.59M
Shares (diluted) 520.00M 36.43M 833.33M
Enterprise value $5.11B $188.81M $11.49B

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
MetricBAXFENCRDY
P/E -18.3x -99.8x 33.3x
P/FCF 11.4x -161.3x 868.4x
P/Operating cash flow 8.0x -161.3x 35.6x
P/S 1.1x 5.6x 3.4x
P/B 2.0x 7.8x 3.0x
P/Tangible book 5.1x 7.8x 4.1x
EV/EBITDA 27.1x – 24.1x
EV/EBIT -90.0x -255.8x 36.7x
EV/Revenue 1.7x 4.9x 3.6x
EV/FCF 17.1x -141.0x 912.4x
EV/Operating cash flow 11.9x -141.0x 37.4x
PEG (3Y EPS CAGR) 0.58 -1.83 -0.93

Growth

14 metrics
MetricBAXFENCRDY
Revenue growth (1Y) 5.3% 77.8% -10.5%
Revenue CAGR (3Y) 0.7% 125.3% 3.2%
Gross profit growth (1Y) -7.1% 85.4% -21.5%
Gross profit CAGR (3Y) -7.7% – -2.3%
Operating income growth (1Y) -136.3% 88.4% -58.2%
Operating income CAGR (3Y) 4.2% 63.9% -24.1%
Net income growth (1Y) -112.0% 73.0% -55.9%
Net income CAGR (3Y) -31.6% 50.3% -21.5%
EPS growth (1Y) -109.6% 79.5% -54.1%
EPS CAGR (3Y) -31.5% 54.7% -35.9%
Operating cash flow growth (1Y) 97.4% 82.5% -39.6%
Operating cash flow CAGR (3Y) 0.6% 54.3% -27.1%
Free cash flow growth (1Y) 243.5% 82.5% -98.4%
Free cash flow CAGR (3Y) -5.0% 54.3% -73.6%

Profitability

14 metrics
MetricBAXFENCRDY
Gross margin 30.1% 93.7% 49.5%
EBITDA margin 6.3% – 14.9%
Operating margin -1.9% -1.9% 9.7%
Pretax margin -1.6% -1.7% 10.7%
Net margin -6.2% -5.5% 10.2%
FCF margin 10.0% -3.4% 0.4%
Operating cash flow margin 14.3% -3.4% 9.5%
Return on equity -11.4% -2.7% 7.4%
Return on assets -3.7% -1.5% 5.0%
Return on invested capital -1.4% – 5.6%
Return on capital employed -1.4% -1.8% 7.9%
Asset turnover 0.6x 0.8x 0.6x
Cash conversion (OCF / net income) -2.3x 0.6x 1.1x
Stock comp / revenue 0.9% 12.6% 0.1%

Financial Health

11 metrics
MetricBAXFENCRDY
Debt / assets 44.3% – 12.6%
Debt / equity 1.3x – 0.2x
Net debt / EBITDA 9.0x – 1.2x
Debt / FCF 7.4x – 53.9x
Liabilities / assets 66.5% 44.0% 32.2%
Equity / assets 33.5% 56.0% 67.8%
Interest coverage – -1.2x 7.2x
Current ratio 1.8x 5.8x 1.9x
Quick ratio 1.0x 5.2x 0.7x
Cash ratio 0.5x 3.3x 0.1x
Altman Z-score 2.38 3.41 5.73

Shareholder Returns

7 metrics
MetricBAXFENCRDY
Dividend yield 0.2% – 0.6%
Net buyback yield -0.2% -14.4% -0.1%
Shareholder yield 0.0% -14.4% 0.5%
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.

ConsensusBAXFENCRDY
Forward P/E 12.6xFY2026 32.4xFY2026 30.3xFY2026
EPS, next fiscal year $2.03FY2026 $0.29FY2026 $0.48FY2026
EPS growth, next FY -8.1%FY2026 – -11.1%FY2026
EPS growth, the year after -5.9% +227.6% +20.8%
Revenue, next fiscal year $11.14BFY2026 $75.50MFY2026 $3.84BFY2026
Revenue growth, next FY -0.9%FY2026 +69.1%FY2026 +9.3%FY2026
Revenue growth, the year after +11.6% +27.3% +3.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBAXFENCRDY
Held by institutions 100.0% 46.6% 15.1%
Institutions holding 692 107 239
Change in shares held, QoQ +5.2% +0.7% +4.3%
Institutions buying 358 71 108
Institutions selling 194 19 97
Buyers to sellers 1.85 3.74 1.11

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.

BAXFENCRDY
BAX 1.00 0.17 0.23
FENC 0.17 1.00 0.30
RDY 0.23 0.30 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BAX, FENC and RDY?

Baxter International (BAX) is the largest by market capitalisation: Baxter International (BAX) $13.26B, Fennec Pharmaceuticals (FENC) $328.97M, Dr Reddys Laboratories (RDY) $12.12B.

Which company is growing faster?

Fennec Pharmaceuticals (FENC) grew revenue fastest over the trailing twelve months: Baxter International (BAX) +5.3%, Fennec Pharmaceuticals (FENC) +77.8%, Dr Reddys Laboratories (RDY) -10.5%.

Which company is more profitable?

Dr Reddys Laboratories (RDY) has the highest net margin (Baxter International (BAX) -6.2%, Fennec Pharmaceuticals (FENC) -5.5%, Dr Reddys Laboratories (RDY) 10.2%). On return on invested capital, Dr Reddys Laboratories (RDY) leads (Baxter International (BAX) -1.4%, Dr Reddys Laboratories (RDY) 5.6%).

Which stock has performed better?

Over the past year Baxter International (BAX) returned the most: Baxter International (BAX) +42.8%, Fennec Pharmaceuticals (FENC) +13.8%, Dr Reddys Laboratories (RDY) +8.4%. Over five years, Dr Reddys Laboratories (RDY) compounded fastest (Baxter International (BAX) -20.0%/yr, Fennec Pharmaceuticals (FENC) +0.1%/yr, Dr Reddys Laboratories (RDY) +2.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Dr Reddys Laboratories (RDY) has the highest dividend yield: Baxter International (BAX) 0.16%, Dr Reddys Laboratories (RDY) 0.55%. Fennec Pharmaceuticals (FENC) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Dr Reddys Laboratories (RDY) has been the steadiest (Baxter International (BAX) 42.9%, Fennec Pharmaceuticals (FENC) 65.2%, Dr Reddys Laboratories (RDY) 26.5%). Volatility measures how widely the price swings, not the risk of the business.

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

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 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.