BFLY vs ICCC vs MRK Stock Comparison

Butterfly Network, Immucell and Merck 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
$1.79B
P/E
–
Revenue (TTM)
$123.25M
Div. yield
–
Diagnostic Equipment Healthcare
2 wins
ICCC Immucell Corp /De/
$10.32 +3.8% 1M +71.1% 1Y
Market cap
$93.73M
P/E
–
Revenue (TTM)
$26.76M
Div. yield
–
Animal Health Healthcare
1 win
MRK Merck & Co., Inc.
$146.34 -2.0% 1M +69.0% 1Y
Market cap
$361.05B
P/E
147.4x
Revenue (TTM)
$67.38B
Div. yield
2.32%
Pharmaceuticals Healthcare
3 wins

Head to Head

6 decided of 12

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

QuestionBFLYICCCMRKLeader
Larger companyMarket capitalisation $1.79B $93.73M $361.05B MRK
Cheaper on earningsLower P/E, profitable companies only -36.7x -143.4x 147.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — 59.0x –
Faster revenue growthRevenue growth, trailing twelve months +39.4% -5.3% +4.9% BFLY
More profitableNet margin, trailing twelve months — -2.4% — –
Better return on capitalReturn on invested capital — 6.5% — –
Less leveragedLower net debt / EBITDA — -0.1x — –
Higher dividend yieldTrailing dividend yield — — 2.32% –
Better 1-year returnPrice return, last 12 months +249.3% +71.1% +69.0% BFLY
Better 5-year returnAnnualised price return, 5 years -6.2%/yr +3.2%/yr +10.7%/yr MRK
Less volatileAnnualised volatility, 1 year 115.0% 50.5% 29.8% MRK
Higher overall scoreMean of the five percentile scores vs peers 47/100 73/100 61/100 ICCC

Percentile Scorecard

BFLYICCCMRK

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

AxisBFLYICCCMRK
Valuation 21 #179 of 227 86 #89 of 624 91 #60 of 624
Growth 90 #23 of 218 65 #209 of 601 21 #478 of 601
Profitability 29 #144 of 202 83 #92 of 541 –
Financial Health – 58 #273 of 647 –
Shareholder Returns – – 71 #104 of 359
Overall 47 73 61
  • BFLY ranked among 247 companies in Medical Devices and Diagnostics
  • ICCC ranked among 671 companies in Pharmaceuticals and Biotechnology
  • MRK 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

PeriodBFLYICCCMRKSPY
1 month -17.5%+3.8%-2.0% +0.7%
3 months -8.0%-6.7%+12.8% +3.7%
6 months +56.8%+22.0%+34.0% +7.1%
Year to date +97.6%+67.8%+39.0% +12.8%
1 year +249.3%+71.1%+69.0% +11.9%
3 years +827.2%+109.3%+42.5% +85.2%
3 years, per year +110.2%+27.9%+12.5% +22.8%
5 years -27.2%+17.3%+66.2% +67.6%
5 years, per year -6.2%+3.2%+10.7% +10.9%
10 years —+83.3%+148.7% +262.0%
10 years, per year —+6.2%+9.5% +13.7%

Risk

MeasureBFLYICCCMRKSPY
Volatility, 1Y 115.0%50.5%29.8% 12.7%
Downside volatility, 1Y 91.8%47.6%24.6% 12.6%
Beta vs S&P 500, 1Y 3.020.410.11 1.00
Return / volatility, 1Y 2.171.412.32 0.94
Max drawdown, 5Y -93.4%-67.0%-44.7% -25.4%
From 52-week high -24.4%-11.9%-6.5% -1.2%
52-week high $9.94$11.72$156.45 $779.14
52-week low $1.97$4.56$82.49 $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.

MultipleBFLYICCCMRK
P/E now vs peer median -36.7xmedian 28.7x -143.4xmedian 17.8x 147.4xmedian 17.8x
P/S now vs peer median 14.5xmedian 3.0x 3.5xmedian 9.1x 5.4xmedian 9.1x
EV/EBITDA now vs peer median —median 17.8x 18.3xmedian 15.0x —median 15.0x
P/FCF now vs peer median -77.2xmedian 26.4x —median 21.7x 22.9xmedian 21.7x
P/B now vs peer median 9.7xmedian 2.4x 3.0xmedian 2.2x —median 2.2x
PEG now vs peer median -1.22median 0.99 -2.61median 0.35 -8.13median 0.35

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 monthsBFLYICCCMRK
Revenue $123.25M $26.76M $67.38B
Gross profit $86.60M $10.53M –
Operating income -$57.83M $2.47M –
Net income -$53.69M -$652.35K –
R&D $39.57M $2.40M $30.76B
EPS (diluted) $-0.20 $-0.07 $0.99
Cash & equivalents $122.30M $8.86M –
Total debt – $8.30M –
Shares (diluted) 262.10M 9.19M 2.47B
Enterprise value $1.79B $71.18M $361.05B

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
MetricBFLYICCCMRK
P/E -36.7x -143.4x 147.4x
P/FCF -77.2x – 22.9x
P/Operating cash flow -76.4x – –
P/S 14.5x 3.5x 5.4x
P/B 9.7x 3.0x –
P/Tangible book 10.0x 3.0x –
EV/EBITDA – 18.3x –
EV/EBIT – 37.8x –
EV/Revenue 14.5x 3.5x 5.4x
EV/FCF – – –
EV/Operating cash flow -76.4x – –
PEG (3Y EPS CAGR) -1.22 -2.61 -8.13

Growth

14 metrics
MetricBFLYICCCMRK
Revenue growth (1Y) 39.4% -5.3% 4.9%
Revenue CAGR (3Y) 21.7% 19.5% 4.3%
Gross profit growth (1Y) 126.4% -0.6% –
Gross profit CAGR (3Y) 30.5% 36.0% –
Operating income growth (1Y) 33.5% 42.3% –
Operating income CAGR (3Y) 26.9% 34.3% –
Net income growth (1Y) 32.8% -137.0% –
Net income CAGR (3Y) 24.2% 52.3% –
EPS growth (1Y) 35.4% -136.4% -87.0%
EPS CAGR (3Y) 30.0% 55.0% -18.1%
Operating cash flow growth (1Y) 5.8% – –
Operating cash flow CAGR (3Y) 41.1% – –
Free cash flow growth (1Y) – – –
Free cash flow CAGR (3Y) – – –

Profitability

14 metrics
MetricBFLYICCCMRK
Gross margin – 39.3% –
EBITDA margin – 19.0% –
Operating margin – 9.2% –
Pretax margin – -2.2% –
Net margin – -2.4% –
FCF margin – – –
Operating cash flow margin -19.0% – –
Return on equity – -2.2% –
Return on assets – -1.5% –
Return on invested capital – 6.5% –
Return on capital employed – 6.1% –
Asset turnover 0.4x 0.6x –
Cash conversion (OCF / net income) 0.4x – –
Stock comp / revenue 20.8% 1.8% –

Financial Health

11 metrics
MetricBFLYICCCMRK
Debt / assets – 17.8% –
Debt / equity – 0.3x –
Net debt / EBITDA – -0.1x –
Debt / FCF – – –
Liabilities / assets 36.0% 32.7% –
Equity / assets 64.0% 67.3% –
Interest coverage – 5.3x –
Current ratio – 4.8x –
Quick ratio – 2.7x –
Cash ratio – 2.0x –
Altman Z-score – 4.52 –

Shareholder Returns

7 metrics
MetricBFLYICCCMRK
Dividend yield – – 2.3%
Net buyback yield – – –
Shareholder yield – – 2.3%
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.

ConsensusBFLYICCCMRK
Forward P/E – – 59.0xFY2026
EPS, next fiscal year $-0.10FY2026 – $2.48FY2026
EPS growth, next FY – – -72.4%FY2026
EPS growth, the year after – – +257.3%
Revenue, next fiscal year $114.50MFY2026 – $69.45BFY2026
Revenue growth, next FY +17.3%FY2026 – +6.8%FY2026
Revenue growth, the year after +26.0% – -3.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBFLYICCCMRK
Held by institutions 59.9% 15.0% 79.9%
Institutions holding 246 32 3,798
Change in shares held, QoQ +13.9% -2.6% +2.6%
Institutions buying 143 15 1,843
Institutions selling 59 7 1,465
Buyers to sellers 2.42 2.14 1.26

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.

BFLYICCCMRK
BFLY 1.00 0.04 0.00
ICCC 0.04 1.00 0.01
MRK 0.00 0.01 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BFLY, ICCC and MRK?

Merck (MRK) is the largest by market capitalisation: Butterfly Network (BFLY) $1.79B, Immucell (ICCC) $93.73M, Merck (MRK) $361.05B.

Which company is growing faster?

Butterfly Network (BFLY) grew revenue fastest over the trailing twelve months: Butterfly Network (BFLY) +39.4%, Immucell (ICCC) -5.3%, Merck (MRK) +4.9%.

Which stock has performed better?

Over the past year Butterfly Network (BFLY) returned the most: Butterfly Network (BFLY) +249.3%, Immucell (ICCC) +71.1%, Merck (MRK) +69.0%. Over five years, Merck (MRK) compounded fastest (Butterfly Network (BFLY) -6.2%/yr, Immucell (ICCC) +3.2%/yr, Merck (MRK) +10.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Merck (MRK) 2.32%. Butterfly Network (BFLY) and Immucell (ICCC) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Merck (MRK) has been the steadiest (Butterfly Network (BFLY) 115.0%, Immucell (ICCC) 50.5%, Merck (MRK) 29.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BFLY, ICCC and MRK?

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