BFLY vs GEHC vs RTGN Stock Comparison

Butterfly Network, GE HealthCare Technologies and RetinalGenix Technologies 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

Head to Head

6 decided of 12

GE HealthCare Technologies leads on 3 of the 12 questions below (GE HealthCare Technologies 3, Butterfly Network 2, RetinalGenix Technologies 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBFLYGEHCRTGNLeader
Larger companyMarket capitalisation $2.05B $34.48B $75.19M GEHC
Cheaper on earningsLower P/E, profitable companies only -27.3x 17.4x -35.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 14.0x — –
Faster revenue growthRevenue growth, trailing twelve months +28.1% +6.5% — BFLY
More profitableNet margin, trailing twelve months -66.7% 9.3% — GEHC
Better return on capitalReturn on invested capital — 10.1% — –
Less leveragedLower net debt / EBITDA — 2.4x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% — –
Better 1-year returnPrice return, last 12 months +236.4% -9.2% +2.0% BFLY
Better 5-year returnAnnualised price return, 5 years -6.3%/yr — — –
Less volatileAnnualised volatility, 1 year 114.8% 34.9% 25.5% RTGN
Higher overall scoreMean of the five percentile scores vs peers 45/100 54/100 37/100 GEHC

Percentile Scorecard

BFLYGEHCRTGN

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

AxisBFLYGEHCRTGN
Valuation 28 #164 of 227 87 #30 of 227 62 #86 of 227
Growth 68 #71 of 219 23 #169 of 219 56 #96 of 219
Profitability 32 #140 of 206 77 #48 of 206 –
Financial Health 61 #94 of 238 27 #173 of 238 0 #237 of 238
Shareholder Returns 37 #85 of 134 57 #58 of 134 28 #97 of 134
Overall 45 54 37
  • BFLY ranked among 247 companies in Medical Devices and Diagnostics
  • GEHC ranked among 247 companies in Medical Devices and Diagnostics
  • RTGN 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

PeriodBFLYGEHCRTGNSPY
1 month -21.2%+6.7%0.0% -0.2%
3 months +3.1%+10.9%-0.2% +3.9%
6 months +43.4%+3.8%+24.7% +8.2%
Year to date +94.7%-13.3%+24.7% +12.9%
1 year +236.4%-9.2%+2.0% +12.3%
3 years +836.7%+12.7%-11.1% +87.4%
3 years, per year +110.9%+4.1%-3.9% +23.3%
5 years -27.6%—— +67.9%
5 years, per year -6.3%—— +10.9%

Risk

MeasureBFLYGEHCRTGNSPY
Volatility, 1Y 114.8%34.9%25.5% 12.7%
Downside volatility, 1Y 91.7%35.9%— 12.7%
Beta vs S&P 500, 1Y 3.000.67-0.04 1.00
Return / volatility, 1Y 2.06-0.260.08 0.97
Max drawdown, 5Y -93.4%-37.4%-92.0% -25.4%
From 52-week high -25.6%-19.3%-0.2% -1.2%
52-week high $9.94$88.16$4.00 $779.14
52-week low $1.97$59.49$3.20 $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.

MultipleBFLYGEHCRTGN
P/E now vs peer median -25.9xmedian 29.6x 16.2xmedian 29.6x -35.9xmedian 29.6x
P/S now vs peer median 15.7xmedian 2.9x 1.5xmedian 2.9x —median 2.9x
EV/EBITDA now vs peer median -22.6xmedian 17.4x 12.0xmedian 17.4x —median 17.4x
P/FCF now vs peer median -62.8xmedian 22.3x 20.3xmedian 22.3x -157.3xmedian 22.3x
P/B now vs peer median 9.3xmedian 2.3x 2.9xmedian 2.3x -28.5xmedian 2.3x
PEG now vs peer median -0.96median 1.04 2.42median 1.04 -1.63median 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 monthsBFLYGEHCRTGN
Revenue $112.15M $21.27B –
Gross profit $59.04M $8.41B –
Operating income -$79.38M $2.73B –
Net income -$74.85M $2.05B -$2.09M
Free cash flow -$28.04M $1.58B -$477.94K
R&D $38.10M $1.28B $238.87K
EPS (diluted) $-0.29 $4.37 $-0.11
Cash & equivalents $124.66M $2.11B $27.23K
Total debt – $10.09B $245.00K
Shares (diluted) 262.10M 454.00M 18.81M
Enterprise value $1.49B $21.54B $75.14M

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
MetricBFLYGEHCRTGN
P/E -25.9x 16.2x -35.9x
P/FCF -62.8x 20.3x -157.3x
P/Operating cash flow -73.3x 15.3x -157.3x
P/S 15.7x 1.5x –
P/B 9.3x 2.9x -28.5x
P/Tangible book 9.6x 3.5x -28.5x
EV/EBITDA -22.6x 12.0x –
EV/EBIT -20.6x 14.7x –
EV/Revenue 14.6x 1.9x –
EV/FCF -58.4x 25.4x -157.4x
EV/Operating cash flow -68.1x 19.1x -157.4x
PEG (3Y EPS CAGR) -0.96 2.42 -1.63

Growth

14 metrics
MetricBFLYGEHCRTGN
Revenue growth (1Y) 28.1% 6.5% –
Revenue CAGR (3Y) 15.6% 3.8% –
Gross profit growth (1Y) 8.8% 1.3% –
Gross profit CAGR (3Y) 13.3% 3.7% –
Operating income growth (1Y) -14.8% -0.9% –
Operating income CAGR (3Y) 21.1% 2.9% –
Net income growth (1Y) -19.1% -11.5% 24.0%
Net income CAGR (3Y) 20.8% 2.9% 19.7%
EPS growth (1Y) -12.9% -10.6% 25.9%
EPS CAGR (3Y) 27.0% 6.7% 22.0%
Operating cash flow growth (1Y) 19.6% 5.1% 37.1%
Operating cash flow CAGR (3Y) 44.5% 0.2% -17.6%
Free cash flow growth (1Y) 12.2% 0.6% 37.1%
Free cash flow CAGR (3Y) 42.8% -2.8% -17.6%

Profitability

14 metrics
MetricBFLYGEHCRTGN
Gross margin 52.6% 39.5% –
EBITDA margin -64.4% 15.7% –
Operating margin -70.8% 12.9% –
Pretax margin -66.7% 12.5% –
Net margin -66.7% 9.3% –
FCF margin -25.0% 7.4% –
Operating cash flow margin -21.4% 9.9% –
Return on equity -39.3% 18.9% –
Return on assets -26.3% 5.5% –
Return on invested capital – 10.1% –
Return on capital employed -35.1% 9.5% –
Asset turnover 0.4x 0.6x –
Cash conversion (OCF / net income) 0.3x 1.0x 0.2x
Stock comp / revenue 21.3% 0.7% –

Financial Health

11 metrics
MetricBFLYGEHCRTGN
Debt / assets – 27.1% 152.1%
Debt / equity – 0.9x 0.0x
Net debt / EBITDA – 2.4x –
Debt / FCF – 6.4x -0.1x
Liabilities / assets 33.1% 70.5% 8,297%
Equity / assets 66.9% 29.5% -8,197%
Interest coverage -59.4x 6.4x –
Current ratio 4.1x 1.3x 0.0x
Quick ratio 2.7x 0.9x 0.0x
Cash ratio 2.1x 0.3x 0.0x
Altman Z-score 7.05 1.85 –

Shareholder Returns

7 metrics
MetricBFLYGEHCRTGN
Dividend yield – 0.2% –
Net buyback yield -0.4% 1.2% -0.8%
Shareholder yield -0.4% 1.4% -0.8%
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.

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

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBFLYGEHCRTGN
Held by institutions 59.9% 87.0% –
Institutions holding 245 1,221 –
Change in shares held, QoQ +13.9% +1.7% –
Institutions buying 143 538 –
Institutions selling 59 461 –
Buyers to sellers 2.42 1.17 –

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.

BFLYGEHCRTGN
BFLY 1.00 0.21 -0.06
GEHC 0.21 1.00 0.00
RTGN -0.06 0.00 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, BFLY, GEHC and RTGN?

GE HealthCare Technologies (GEHC) is the largest by market capitalisation: Butterfly Network (BFLY) $2.05B, GE HealthCare Technologies (GEHC) $34.48B, RetinalGenix Technologies (RTGN) $75.19M.

Which company is growing faster?

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

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%).

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%, RetinalGenix Technologies (RTGN) +2.0%. Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, RetinalGenix Technologies (RTGN) has been the steadiest (Butterfly Network (BFLY) 114.8%, GE HealthCare Technologies (GEHC) 34.9%, RetinalGenix Technologies (RTGN) 25.5%). Volatility measures how widely the price swings, not the risk of the business.

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

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 3. 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.