BFLY vs GEHC vs NNOX Stock Comparison

Butterfly Network, GE HealthCare Technologies and Nano-X Imaging Prices as of Oct 27, 2026 Peers: Industry group
BFLY Butterfly Network, Inc.
$7.40 -21.2% 1M +236.4% 1Y
Market cap
$2.05B
P/E
–
Revenue (TTM)
$112.15M
Div. yield
–
Diagnostic Equipment Healthcare
2 wins
NNOX Nano-X Imaging Ltd.
$0.32 -50.0% 1M -92.1% 1Y
Market cap
$20.99M
P/E
–
Revenue (TTM)
$15.63M
Div. yield
–
Diagnostic Equipment Healthcare
2 wins

Head to Head

9 decided of 12

GE HealthCare Technologies leads on 5 of the 12 questions below (GE HealthCare Technologies 5, Nano-X Imaging 2, Butterfly Network 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBFLYGEHCNNOXLeader
Larger companyMarket capitalisation $2.05B $34.48B $20.99M GEHC
Cheaper on earningsLower P/E, profitable companies only -27.3x 17.4x -0.2x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 14.0x — –
Faster revenue growthRevenue growth, trailing twelve months +28.1% +6.5% +31.5% NNOX
More profitableNet margin, trailing twelve months -66.7% 9.3% -747.2% GEHC
Better return on capitalReturn on invested capital — 10.1% -116.9% GEHC
Less leveragedLower net debt / EBITDA — 2.4x 0.3x NNOX
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +236.4% -9.2% -92.1% BFLY
Better 5-year returnAnnualised price return, 5 years -6.3%/yr — -57.4%/yr BFLY
Less volatileAnnualised volatility, 1 year 114.8% 34.9% 105.8% GEHC
Higher overall scoreMean of the five percentile scores vs peers 45/100 54/100 36/100 GEHC

Percentile Scorecard

BFLYGEHCNNOX

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

AxisBFLYGEHCNNOX
Valuation 28 #164 of 227 87 #30 of 227 54 #105 of 227
Growth 68 #71 of 219 23 #169 of 219 10 #198 of 219
Profitability 32 #140 of 206 77 #48 of 206 10 #185 of 206
Financial Health 61 #94 of 238 27 #173 of 238 71 #71 of 238
Shareholder Returns 37 #85 of 134 57 #58 of 134 –
Overall 45 54 36
  • BFLY ranked among 247 companies in Medical Devices and Diagnostics
  • GEHC ranked among 247 companies in Medical Devices and Diagnostics
  • NNOX 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

PeriodBFLYGEHCNNOXSPY
1 month -21.2%+6.7%-50.0% -0.2%
3 months +3.1%+10.9%-63.6% +3.9%
6 months +43.4%+3.8%-82.2% +8.2%
Year to date +94.7%-13.3%-88.6% +12.9%
1 year +236.4%-9.2%-92.1% +12.3%
3 years +836.7%+12.7%-93.6% +87.4%
3 years, per year +110.9%+4.1%-60.1% +23.3%
5 years -27.6%—-98.6% +67.9%
5 years, per year -6.3%—-57.4% +10.9%

Risk

MeasureBFLYGEHCNNOXSPY
Volatility, 1Y 114.8%34.9%105.8% 12.7%
Downside volatility, 1Y 91.7%35.9%116.3% 12.7%
Beta vs S&P 500, 1Y 3.000.671.36 1.00
Return / volatility, 1Y 2.06-0.26-0.87 0.97
Max drawdown, 5Y -93.4%-37.4%-98.8% -25.4%
From 52-week high -25.6%-19.3%-93.0% -1.2%
52-week high $9.94$88.16$4.55 $779.14
52-week low $1.97$59.49$0.32 $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.

MultipleBFLYGEHCNNOX
P/E now vs peer median -25.9xmedian 29.6x 16.2xmedian 29.6x -0.2xmedian 29.6x
P/S now vs peer median 15.7xmedian 2.9x 1.5xmedian 2.9x 1.4xmedian 2.9x
EV/EBITDA now vs peer median -22.6xmedian 17.4x 12.0xmedian 17.4x 0.1xmedian 17.4x
P/FCF now vs peer median -62.8xmedian 22.3x 20.3xmedian 22.3x -0.4xmedian 22.3x
P/B now vs peer median 9.3xmedian 2.3x 2.9xmedian 2.3x 0.3xmedian 2.3x
PEG now vs peer median -0.96median 1.04 2.42median 1.04 -0.08median 1.04

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 monthsBFLYGEHCNNOX
Revenue $112.15M $21.27B $15.63M
Gross profit $59.04M $8.41B -$52.76M
Operating income -$79.38M $2.73B -$119.69M
Net income -$74.85M $2.05B -$116.81M
Free cash flow -$28.04M $1.58B -$52.09M
R&D $38.10M $1.28B $18.93M
EPS (diluted) $-0.29 $4.37 $-1.80
Cash & equivalents $124.66M $2.11B $31.02M
Total debt – $10.09B $12.50M
Shares (diluted) 262.10M 454.00M 64.79M
Enterprise value $1.49B $21.54B -$158.68M

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
MetricBFLYGEHCNNOX
P/E -25.9x 16.2x -0.2x
P/FCF -62.8x 20.3x -0.4x
P/Operating cash flow -73.3x 15.3x -0.5x
P/S 15.7x 1.5x 1.4x
P/B 9.3x 2.9x 0.3x
P/Tangible book 9.6x 3.5x 0.4x
EV/EBITDA -22.6x 12.0x 0.1x
EV/EBIT -20.6x 14.7x 0.0x
EV/Revenue 14.6x 1.9x -0.4x
EV/FCF -58.4x 25.4x 0.1x
EV/Operating cash flow -68.1x 19.1x 0.1x
PEG (3Y EPS CAGR) -0.96 2.42 -0.08

Growth

14 metrics
MetricBFLYGEHCNNOX
Revenue growth (1Y) 28.1% 6.5% 31.5%
Revenue CAGR (3Y) 15.6% 3.8% 17.7%
Gross profit growth (1Y) 8.8% 1.3% -340.0%
Gross profit CAGR (3Y) 13.3% 3.7% -101.8%
Operating income growth (1Y) -14.8% -0.9% -107.4%
Operating income CAGR (3Y) 21.1% 2.9% -5.0%
Net income growth (1Y) -19.1% -11.5% -109.9%
Net income CAGR (3Y) 20.8% 2.9% -4.9%
EPS growth (1Y) -12.9% -10.6% -90.0%
EPS CAGR (3Y) 27.0% 6.7% 2.3%
Operating cash flow growth (1Y) 19.6% 5.1% -21.9%
Operating cash flow CAGR (3Y) 44.5% 0.2% -2.7%
Free cash flow growth (1Y) 12.2% 0.6% -19.4%
Free cash flow CAGR (3Y) 42.8% -2.8% 1.3%

Profitability

14 metrics
MetricBFLYGEHCNNOX
Gross margin 52.6% 39.5% -337.5%
EBITDA margin -64.4% 15.7% -692.4%
Operating margin -70.8% 12.9% -765.6%
Pretax margin -66.7% 12.5% -758.5%
Net margin -66.7% 9.3% -747.2%
FCF margin -25.0% 7.4% -333.2%
Operating cash flow margin -21.4% 9.9% -298.7%
Return on equity -39.3% 18.9% -117.5%
Return on assets -26.3% 5.5% -98.6%
Return on invested capital – 10.1% -116.9%
Return on capital employed -35.1% 9.5% -114.2%
Asset turnover 0.4x 0.6x 0.1x
Cash conversion (OCF / net income) 0.3x 1.0x 0.4x
Stock comp / revenue 21.3% 0.7% 34.9%

Financial Health

11 metrics
MetricBFLYGEHCNNOX
Debt / assets – 27.1% 3.3%
Debt / equity – 0.9x 0.0x
Net debt / EBITDA – 2.4x 0.3x
Debt / FCF – 6.4x -0.1x
Liabilities / assets 33.1% 70.5% 20.5%
Equity / assets 66.9% 29.5% 79.5%
Interest coverage -59.4x 6.4x –
Current ratio 4.1x 1.3x 2.8x
Quick ratio 2.7x 0.9x 2.4x
Cash ratio 2.1x 0.3x 2.3x
Altman Z-score 7.05 1.85 -11.07

Shareholder Returns

7 metrics
MetricBFLYGEHCNNOX
Dividend yield – 0.2% –
Net buyback yield -0.4% 1.2% –
Shareholder yield -0.4% 1.4% –
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.

ConsensusBFLYGEHCNNOX
Forward P/E – 14.0xFY2026 –
EPS, next fiscal year $-0.10FY2026 $5.09FY2026 $-1.31FY2026
EPS growth, next FY – +10.9%FY2026 –
EPS growth, the year after – -0.4% –
Revenue, next fiscal year $114.50MFY2026 $22.47BFY2026 $18.64MFY2026
Revenue growth, next FY +17.3%FY2026 +8.9%FY2026 +43.2%FY2026
Revenue growth, the year after +26.0% +7.5% +59.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBFLYGEHCNNOX
Held by institutions 59.9% 87.0% 14.9%
Institutions holding 245 1,221 102
Change in shares held, QoQ +13.9% +1.7% -46.0%
Institutions buying 143 538 55
Institutions selling 59 461 28
Buyers to sellers 2.42 1.17 1.96

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.

BFLYGEHCNNOX
BFLY 1.00 0.21 0.16
GEHC 0.21 1.00 0.12
NNOX 0.16 0.12 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BFLY, GEHC and NNOX?

GE HealthCare Technologies (GEHC) is the largest by market capitalisation: Butterfly Network (BFLY) $2.05B, GE HealthCare Technologies (GEHC) $34.48B, Nano-X Imaging (NNOX) $20.99M.

Which company is growing faster?

Nano-X Imaging (NNOX) grew revenue fastest over the trailing twelve months: Butterfly Network (BFLY) +28.1%, GE HealthCare Technologies (GEHC) +6.5%, Nano-X Imaging (NNOX) +31.5%.

Which company is more profitable?

GE HealthCare Technologies (GEHC) has the highest net margin (Butterfly Network (BFLY) -66.7%, GE HealthCare Technologies (GEHC) 9.3%, Nano-X Imaging (NNOX) -747.2%). On return on invested capital, GE HealthCare Technologies (GEHC) leads (GE HealthCare Technologies (GEHC) 10.1%, Nano-X Imaging (NNOX) -116.9%).

Which stock has performed better?

Over the past year Butterfly Network (BFLY) returned the most: Butterfly Network (BFLY) +236.4%, GE HealthCare Technologies (GEHC) -9.2%, Nano-X Imaging (NNOX) -92.1%. Over five years, Butterfly Network (BFLY) compounded fastest (Butterfly Network (BFLY) -6.3%/yr, Nano-X Imaging (NNOX) -57.4%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, GE HealthCare Technologies (GEHC) has been the steadiest (Butterfly Network (BFLY) 114.8%, GE HealthCare Technologies (GEHC) 34.9%, Nano-X Imaging (NNOX) 105.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BFLY, GEHC and NNOX?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, GE HealthCare Technologies (GEHC) leads on 5. 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.