BFLY vs ELAN vs NEOG Stock Comparison

Butterfly Network, Elanco Animal Health and Neogen Prices as of Oct 29, 2026 Peers: Industry group
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BFLY Butterfly Network, Inc.
$7.51 -17.5% 1M +249.3% 1Y
Market cap
$1.67B
P/E
–
Revenue (TTM)
$123.25M
Div. yield
–
Diagnostic Equipment Healthcare
3 wins
NEOG Neogen Corp
$12.26 -3.7% 1M +96.8% 1Y
Market cap
$2.60B
P/E
–
Revenue (TTM)
$883.99M
Div. yield
–
Diagnostic Equipment Healthcare

Head to Head

10 decided of 12

Elanco Animal Health leads on 7 of the 12 questions below (Elanco Animal Health 7, Butterfly Network 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBFLYELANNEOGLeader
Larger companyMarket capitalisation $1.67B $12.01B $2.60B ELAN
Cheaper on earningsLower P/E, profitable companies only -31.2x -60.3x -46.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 21.3x 38.3x ELAN
Faster revenue growthRevenue growth, trailing twelve months +39.4% +12.0% -0.3% BFLY
More profitableNet margin, trailing twelve months — -4.0% -6.3% ELAN
Better return on capitalReturn on invested capital — 6.1% -0.2% ELAN
Less leveragedLower net debt / EBITDA — 2.5x 5.4x ELAN
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +249.3% +2.9% +96.8% BFLY
Better 5-year returnAnnualised price return, 5 years -6.2%/yr -6.7%/yr -22.0%/yr BFLY
Less volatileAnnualised volatility, 1 year 115.0% 42.3% 55.7% ELAN
Higher overall scoreMean of the five percentile scores vs peers 47/100 66/100 57/100 ELAN

Percentile Scorecard

BFLYELANNEOG

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

AxisBFLYELANNEOG
Valuation 21 #179 of 227 94 #39 of 624 73 #62 of 227
Growth 90 #23 of 218 56 #265 of 601 49 #111 of 218
Profitability 29 #144 of 202 84 #89 of 541 63 #76 of 202
Financial Health – 32 #441 of 647 47 #125 of 233
Shareholder Returns – – 55 #59 of 130
Overall 47 66 57
  • BFLY ranked among 247 companies in Medical Devices and Diagnostics
  • ELAN ranked among 671 companies in Pharmaceuticals and Biotechnology
  • NEOG ranked among 247 companies in Medical Devices and Diagnostics

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBFLYELANNEOGSPY
1 month -17.5%+2.8%-3.7% +0.7%
3 months -8.0%-12.2%+6.3% +3.7%
6 months +56.8%+3.9%+30.4% +7.1%
Year to date +97.6%+2.7%+75.4% +12.8%
1 year +249.3%+2.9%+96.8% +11.9%
3 years +827.2%+163.8%-18.6% +85.2%
3 years, per year +110.2%+38.2%-6.6% +22.8%
5 years -27.2%-29.3%-71.0% +67.6%
5 years, per year -6.2%-6.7%-22.0% +10.9%
10 years ——-37.3% +262.0%
10 years, per year ——-4.6% +13.7%

Risk

MeasureBFLYELANNEOGSPY
Volatility, 1Y 115.0%42.3%55.7% 12.7%
Downside volatility, 1Y 91.8%42.8%46.7% 12.6%
Beta vs S&P 500, 1Y 3.021.291.44 1.00
Return / volatility, 1Y 2.170.071.74 0.94
Max drawdown, 5Y -93.4%-76.3%-90.6% -25.4%
From 52-week high -24.4%-13.4%-12.3% -1.2%
52-week high $9.94$26.84$13.98 $779.14
52-week low $1.97$19.80$5.41 $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.

MultipleBFLYELANNEOG
P/E now vs peer median -36.7xmedian 28.7x -58.3xmedian 17.8x -47.7xmedian 28.7x
P/S now vs peer median 14.5xmedian 3.0x 2.3xmedian 9.1x 3.0xmedian 3.0x
EV/EBITDA now vs peer median —median 17.8x 11.3xmedian 15.0x 29.6xmedian 17.8x
P/FCF now vs peer median -77.2xmedian 26.4x 30.6xmedian 21.7x 53.7xmedian 26.4x
P/B now vs peer median 9.7xmedian 2.4x 1.8xmedian 2.2x 1.3xmedian 2.4x
PEG now vs peer median -1.22median 0.99 2.96median 0.35 1.70median 0.99

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 monthsBFLYELANNEOG
Revenue $123.25M $5.02B $883.99M
Gross profit $86.60M $2.78B $418.98M
Operating income -$57.83M $637.00M -$7.38M
Net income -$53.69M -$199.00M -$56.10M
Free cash flow – $379.00M $49.80M
R&D $39.57M $371.00M $19.76M
EPS (diluted) $-0.20 $-0.39 $-0.26
Cash & equivalents $122.30M $530.00M $172.00M
Total debt – $3.92B $774.20M
Shares (diluted) 262.10M 505.90M 218.10M
Enterprise value $1.67B $10.00B $1.94B

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
MetricBFLYELANNEOG
P/E -36.7x -58.3x -47.7x
P/FCF -77.2x 30.6x 53.7x
P/Operating cash flow -76.4x 18.8x 31.4x
P/S 14.5x 2.3x 3.0x
P/B 9.7x 1.8x 1.3x
P/Tangible book 10.0x 3.4x 3.4x
EV/EBITDA – 11.3x 29.6x
EV/EBIT – 23.5x -444.4x
EV/Revenue 14.5x 3.0x 3.7x
EV/FCF – 39.6x 65.8x
EV/Operating cash flow -76.4x 24.3x 38.4x
PEG (3Y EPS CAGR) -1.22 2.96 1.70

Growth

14 metrics
MetricBFLYELANNEOG
Revenue growth (1Y) 39.4% 12.0% -0.3%
Revenue CAGR (3Y) 21.7% 5.1% -1.3%
Gross profit growth (1Y) 126.4% 13.2% 1.8%
Gross profit CAGR (3Y) 30.5% 3.9% -3.1%
Operating income growth (1Y) 33.5% 22.0% 99.3%
Operating income CAGR (3Y) 26.9% 59.8% -29.0%
Net income growth (1Y) 32.8% -145.9% 94.6%
Net income CAGR (3Y) 24.2% -20.8% -28.3%
EPS growth (1Y) 35.4% -145.3% 94.6%
EPS CAGR (3Y) 30.0% -19.7% -28.0%
Operating cash flow growth (1Y) 5.8% 7.9% -1.9%
Operating cash flow CAGR (3Y) 41.1% 73.6% 2.9%
Free cash flow growth (1Y) – 5.0% 1,631%
Free cash flow CAGR (3Y) – 101.8% 126.1%

Profitability

14 metrics
MetricBFLYELANNEOG
Gross margin – 55.4% 47.4%
EBITDA margin – 26.5% 12.5%
Operating margin – 12.7% -0.8%
Pretax margin – -3.3% -7.7%
Net margin – -4.0% -6.3%
FCF margin – 7.5% 5.6%
Operating cash flow margin -19.0% 12.3% 9.6%
Return on equity – -3.0% -2.7%
Return on assets – -1.5% -1.7%
Return on invested capital – 6.1% -0.2%
Return on capital employed – 5.5% -0.2%
Asset turnover 0.4x 0.4x 0.3x
Cash conversion (OCF / net income) 0.4x -3.1x -1.5x
Stock comp / revenue 20.8% 1.5% 1.3%

Financial Health

11 metrics
MetricBFLYELANNEOG
Debt / assets – 28.9% 23.4%
Debt / equity – 0.6x 0.4x
Net debt / EBITDA – 2.5x 5.4x
Debt / FCF – 10.3x 15.5x
Liabilities / assets 36.0% 51.4% 36.8%
Equity / assets 64.0% 48.6% 63.2%
Interest coverage – 2.6x –
Current ratio – 2.1x 3.9x
Quick ratio – 0.9x 2.1x
Cash ratio – 0.3x 1.2x
Altman Z-score – 1.48 1.50

Shareholder Returns

7 metrics
MetricBFLYELANNEOG
Dividend yield – – –
Net buyback yield – – -0.1%
Shareholder yield – – -0.1%
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.

ConsensusBFLYELANNEOG
Forward P/E – 21.3xFY2026 38.3xFY2026
EPS, next fiscal year $-0.10FY2026 $1.09FY2026 $0.32FY2026
EPS growth, next FY – +16.0%FY2026 0.0%FY2026
EPS growth, the year after – +23.9% +31.3%
Revenue, next fiscal year $114.50MFY2026 $4.79BFY2026 $847.28MFY2026
Revenue growth, next FY +17.3%FY2026 +1.6%FY2026 -2.7%FY2026
Revenue growth, the year after +26.0% +19.7% -1.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBFLYELANNEOG
Held by institutions 59.9% 100.0% 100.0%
Institutions holding 246 524 315
Change in shares held, QoQ +13.9% +4.4% +1.6%
Institutions buying 143 246 151
Institutions selling 59 210 106
Buyers to sellers 2.42 1.17 1.42

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.

BFLYELANNEOG
BFLY 1.00 0.17 0.24
ELAN 0.17 1.00 0.26
NEOG 0.24 0.26 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BFLY, ELAN and NEOG?

Elanco Animal Health (ELAN) is the largest by market capitalisation: Butterfly Network (BFLY) $1.67B, Elanco Animal Health (ELAN) $12.01B, Neogen (NEOG) $2.60B.

Which company is growing faster?

Butterfly Network (BFLY) grew revenue fastest over the trailing twelve months: Butterfly Network (BFLY) +39.4%, Elanco Animal Health (ELAN) +12.0%, Neogen (NEOG) -0.3%.

Which company is more profitable?

Elanco Animal Health (ELAN) has the highest net margin (Elanco Animal Health (ELAN) -4.0%, Neogen (NEOG) -6.3%). On return on invested capital, Elanco Animal Health (ELAN) leads (Elanco Animal Health (ELAN) 6.1%, Neogen (NEOG) -0.2%).

Which stock has performed better?

Over the past year Butterfly Network (BFLY) returned the most: Butterfly Network (BFLY) +249.3%, Elanco Animal Health (ELAN) +2.9%, Neogen (NEOG) +96.8%. Over five years, Butterfly Network (BFLY) compounded fastest (Butterfly Network (BFLY) -6.2%/yr, Elanco Animal Health (ELAN) -6.7%/yr, Neogen (NEOG) -22.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Elanco Animal Health (ELAN) has been the steadiest (Butterfly Network (BFLY) 115.0%, Elanco Animal Health (ELAN) 42.3%, Neogen (NEOG) 55.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BFLY, ELAN and NEOG?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Elanco Animal Health (ELAN) leads on 7. 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.