BFLY vs IDXX vs NEOG Stock Comparison

Butterfly Network, Idexx Laboratories and Neogen Prices as of Oct 29, 2026 Peers: Industry group
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
NEOG Neogen Corp
$12.26 -3.7% 1M +96.8% 1Y
Market cap
$2.68B
P/E
–
Revenue (TTM)
$883.99M
Div. yield
–
Diagnostic Equipment Healthcare

Head to Head

10 decided of 12

Idexx Laboratories leads on 8 of the 12 questions below (Idexx Laboratories 8, Butterfly Network 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBFLYIDXXNEOGLeader
Larger companyMarket capitalisation $1.79B $45.43B $2.68B IDXX
Cheaper on earningsLower P/E, profitable companies only -36.7x 39.9x -47.7x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 36.9x 38.3x IDXX
Faster revenue growthRevenue growth, trailing twelve months +39.4% +12.8% -0.3% BFLY
More profitableNet margin, trailing twelve months — 25.0% -6.3% IDXX
Better return on capitalReturn on invested capital — 45.6% -0.2% IDXX
Less leveragedLower net debt / EBITDA — 0.5x 5.4x IDXX
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months +249.3% -8.2% +96.8% BFLY
Better 5-year returnAnnualised price return, 5 years -6.2%/yr -2.9%/yr -22.0%/yr IDXX
Less volatileAnnualised volatility, 1 year 115.0% 32.1% 55.7% IDXX
Higher overall scoreMean of the five percentile scores vs peers 47/100 77/100 57/100 IDXX

Percentile Scorecard

BFLYIDXXNEOG

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

AxisBFLYIDXXNEOG
Valuation 21 #179 of 227 75 #155 of 624 73 #62 of 227
Growth 90 #23 of 218 76 #148 of 601 49 #111 of 218
Profitability 29 #144 of 202 97 #17 of 541 63 #76 of 202
Financial Health – 46 #350 of 647 47 #125 of 233
Shareholder Returns – 93 #26 of 359 55 #59 of 130
Overall 47 77 57
  • BFLY ranked among 247 companies in Medical Devices and Diagnostics
  • IDXX 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

PeriodBFLYIDXXNEOGSPY
1 month -17.5%+8.0%-3.7% +0.7%
3 months -8.0%+3.1%+6.3% +3.7%
6 months +56.8%+2.7%+30.4% +7.1%
Year to date +97.6%-14.9%+75.4% +12.8%
1 year +249.3%-8.2%+96.8% +11.9%
3 years +827.2%+45.3%-18.6% +85.2%
3 years, per year +110.2%+13.3%-6.6% +22.8%
5 years -27.2%-13.5%-71.0% +67.6%
5 years, per year -6.2%-2.9%-22.0% +10.9%
10 years —+448.3%-37.3% +262.0%
10 years, per year —+18.6%-4.6% +13.7%

Risk

MeasureBFLYIDXXNEOGSPY
Volatility, 1Y 115.0%32.1%55.7% 12.7%
Downside volatility, 1Y 91.8%31.3%46.7% 12.6%
Beta vs S&P 500, 1Y 3.020.791.44 1.00
Return / volatility, 1Y 2.17-0.261.74 0.94
Max drawdown, 5Y -93.4%-51.3%-90.6% -25.4%
From 52-week high -24.4%-24.9%-12.3% -1.2%
52-week high $9.94$766.68$13.98 $779.14
52-week low $1.97$504.70$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.

MultipleBFLYIDXXNEOG
P/E now vs peer median -36.7xmedian 28.7x 39.9xmedian 17.8x -47.7xmedian 28.7x
P/S now vs peer median 14.5xmedian 3.0x 10.0xmedian 9.1x 3.0xmedian 3.0x
EV/EBITDA now vs peer median —median 17.8x 28.6xmedian 15.0x 29.6xmedian 17.8x
P/FCF now vs peer median -77.2xmedian 26.4x 36.2xmedian 21.7x 53.7xmedian 26.4x
P/B now vs peer median 9.7xmedian 2.4x 28.2xmedian 2.2x 1.3xmedian 2.4x
PEG now vs peer median -1.22median 0.99 2.64median 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 monthsBFLYIDXXNEOG
Revenue $123.25M $4.55B $883.99M
Gross profit $86.60M $2.84B $418.98M
Operating income -$57.83M $1.46B -$7.38M
Net income -$53.69M $1.14B -$56.10M
Free cash flow – $1.25B $49.80M
R&D $39.57M $261.47M $19.76M
EPS (diluted) $-0.20 $14.37 $-0.26
Cash & equivalents $122.30M $196.93M $172.00M
Total debt – $968.86M $774.20M
Shares (diluted) 262.10M 79.31M 218.10M
Enterprise value $1.79B $44.64B $2.01B

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
MetricBFLYIDXXNEOG
P/E -36.7x 39.9x -47.7x
P/FCF -77.2x 36.2x 53.7x
P/Operating cash flow -76.4x 33.1x 31.4x
P/S 14.5x 10.0x 3.0x
P/B 9.7x 28.2x 1.3x
P/Tangible book 10.0x 30.0x 3.4x
EV/EBITDA – 28.6x 29.6x
EV/EBIT – 31.7x -444.4x
EV/Revenue 14.5x 10.1x 3.7x
EV/FCF – 36.8x 65.8x
EV/Operating cash flow -76.4x 33.7x 38.4x
PEG (3Y EPS CAGR) -1.22 2.64 1.70

Growth

14 metrics
MetricBFLYIDXXNEOG
Revenue growth (1Y) 39.4% 12.8% -0.3%
Revenue CAGR (3Y) 21.7% 9.0% -1.3%
Gross profit growth (1Y) 126.4% 14.4% 1.8%
Gross profit CAGR (3Y) 30.5% 10.5% -3.1%
Operating income growth (1Y) 33.5% 16.2% 99.3%
Operating income CAGR (3Y) 26.9% 11.7% -29.0%
Net income growth (1Y) 32.8% 15.6% 94.6%
Net income CAGR (3Y) 24.2% 12.9% -28.3%
EPS growth (1Y) 35.4% 18.1% 94.6%
EPS CAGR (3Y) 30.0% 15.1% -28.0%
Operating cash flow growth (1Y) 5.8% 51.4% -1.9%
Operating cash flow CAGR (3Y) 41.1% 22.5% 2.9%
Free cash flow growth (1Y) – 59.9% 1,631%
Free cash flow CAGR (3Y) – 28.4% 126.1%

Profitability

14 metrics
MetricBFLYIDXXNEOG
Gross margin – 62.4% 47.4%
EBITDA margin – 35.4% 12.5%
Operating margin – 32.0% -0.8%
Pretax margin – 31.3% -7.7%
Net margin – 25.0% -6.3%
FCF margin – 27.5% 5.6%
Operating cash flow margin -19.0% 30.1% 9.6%
Return on equity – 71.9% -2.7%
Return on assets – 33.4% -1.7%
Return on invested capital – 45.6% -0.2%
Return on capital employed – 68.6% -0.2%
Asset turnover 0.4x 1.3x 0.3x
Cash conversion (OCF / net income) 0.4x 1.2x -1.5x
Stock comp / revenue 20.8% 1.4% 1.3%

Financial Health

11 metrics
MetricBFLYIDXXNEOG
Debt / assets – 28.1% 23.4%
Debt / equity – 0.6x 0.4x
Net debt / EBITDA – 0.5x 5.4x
Debt / FCF – 0.8x 15.5x
Liabilities / assets 36.0% 53.2% 36.8%
Equity / assets 64.0% 46.8% 63.2%
Interest coverage – 38.6x –
Current ratio – 1.2x 3.9x
Quick ratio – 0.7x 2.1x
Cash ratio – 0.2x 1.2x
Altman Z-score – 20.55 1.50

Shareholder Returns

7 metrics
MetricBFLYIDXXNEOG
Dividend yield – – –
Net buyback yield – 2.3% -0.1%
Shareholder yield – 2.3% -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.

ConsensusBFLYIDXXNEOG
Forward P/E – 36.9xFY2026 38.3xFY2026
EPS, next fiscal year $-0.10FY2026 $15.63FY2026 $0.32FY2026
EPS growth, next FY – +19.5%FY2026 0.0%FY2026
EPS growth, the year after – +12.9% +31.3%
Revenue, next fiscal year $114.50MFY2026 $5.00BFY2026 $847.28MFY2026
Revenue growth, next FY +17.3%FY2026 +16.3%FY2026 -2.7%FY2026
Revenue growth, the year after +26.0% +0.6% -1.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBFLYIDXXNEOG
Held by institutions 59.9% 93.6% 100.0%
Institutions holding 246 1,290 315
Change in shares held, QoQ +13.9% +4.1% +1.6%
Institutions buying 143 588 151
Institutions selling 59 496 106
Buyers to sellers 2.42 1.19 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.

BFLYIDXXNEOG
BFLY 1.00 0.28 0.24
IDXX 0.28 1.00 0.24
NEOG 0.24 0.24 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BFLY, IDXX and NEOG?

Idexx Laboratories (IDXX) is the largest by market capitalisation: Butterfly Network (BFLY) $1.79B, Idexx Laboratories (IDXX) $45.43B, Neogen (NEOG) $2.68B.

Which company is growing faster?

Butterfly Network (BFLY) grew revenue fastest over the trailing twelve months: Butterfly Network (BFLY) +39.4%, Idexx Laboratories (IDXX) +12.8%, Neogen (NEOG) -0.3%.

Which company is more profitable?

Idexx Laboratories (IDXX) has the highest net margin (Idexx Laboratories (IDXX) 25.0%, Neogen (NEOG) -6.3%). On return on invested capital, Idexx Laboratories (IDXX) leads (Idexx Laboratories (IDXX) 45.6%, Neogen (NEOG) -0.2%).

Which stock has performed better?

Over the past year Butterfly Network (BFLY) returned the most: Butterfly Network (BFLY) +249.3%, Idexx Laboratories (IDXX) -8.2%, Neogen (NEOG) +96.8%. Over five years, Idexx Laboratories (IDXX) compounded fastest (Butterfly Network (BFLY) -6.2%/yr, Idexx Laboratories (IDXX) -2.9%/yr, Neogen (NEOG) -22.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Idexx Laboratories (IDXX) has been the steadiest (Butterfly Network (BFLY) 115.0%, Idexx Laboratories (IDXX) 32.1%, Neogen (NEOG) 55.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BFLY, IDXX 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, Idexx Laboratories (IDXX) leads on 8. 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.