BFLY vs IDXX vs PAHC Stock Comparison

Butterfly Network, Idexx Laboratories and Phibro Animal Health Prices as of Nov 5, 2026 Peers: Industry group
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BFLY Butterfly Network, Inc.
$6.05 -30.5% 1M +141.0% 1Y
Market cap
$1.49B
P/E
–
Revenue (TTM)
$123.25M
Div. yield
–
Diagnostic Equipment Healthcare
2 wins

Head to Head

11 decided of 12

Idexx Laboratories leads on 6 of the 12 questions below (Idexx Laboratories 6, Phibro Animal Health 3, Butterfly Network 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBFLYIDXXPAHCLeader
Larger companyMarket capitalisation $1.49B $52.85B $1.44B IDXX
Cheaper on earningsLower P/E, profitable companies only -29.5x 44.7x 14.0x PAHC
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 42.6x 10.4x PAHC
Faster revenue growthRevenue growth, trailing twelve months +39.4% +11.9% +10.1% BFLY
More profitableNet margin, trailing twelve months -43.6% 25.4% 6.7% IDXX
Better return on capitalReturn on invested capital — 45.4% 13.9% IDXX
Less leveragedLower net debt / EBITDA — 0.4x 2.1x IDXX
Higher dividend yieldTrailing dividend yield — — 1.36% –
Better 1-year returnPrice return, last 12 months +141.0% -6.9% -14.0% BFLY
Better 5-year returnAnnualised price return, 5 years -10.3%/yr +1.0%/yr +9.6%/yr PAHC
Less volatileAnnualised volatility, 1 year 112.8% 35.9% 56.6% IDXX
Higher overall scoreMean of the five percentile scores vs peers 49/100 76/100 70/100 IDXX

Percentile Scorecard

BFLYIDXXPAHC

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

AxisBFLYIDXXPAHC
Valuation 29 #164 of 229 74 #164 of 634 94 #38 of 634
Growth 90 #24 of 221 70 #182 of 608 85 #90 of 608
Profitability 38 #131 of 210 97 #16 of 557 85 #86 of 557
Financial Health 57 #103 of 240 47 #349 of 654 27 #476 of 654
Shareholder Returns 34 #97 of 147 92 #32 of 403 57 #175 of 403
Overall 49 76 70
  • BFLY ranked among 247 companies in Medical Devices and Diagnostics
  • IDXX ranked among 671 companies in Pharmaceuticals and Biotechnology
  • PAHC 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

PeriodBFLYIDXXPAHCSPY
1 month -30.5%+30.1%-3.3% -5.9%
3 months -27.1%+13.7%-0.3% -4.6%
6 months +42.7%+17.2%-18.0% +0.2%
Year to date +59.2%-0.9%-5.2% +7.5%
1 year +141.0%-6.9%-14.0% +8.2%
3 years +476.2%+58.6%+189.5% +68.3%
3 years, per year +79.3%+16.6%+42.5% +19.0%
5 years -42.0%+5.2%+58.2% +56.5%
5 years, per year -10.3%+1.0%+9.6% +9.4%
10 years —+531.5%+35.1% +251.5%
10 years, per year —+20.2%+3.1% +13.4%

Risk

MeasureBFLYIDXXPAHCSPY
Volatility, 1Y 112.8%35.9%56.6% 13.6%
Downside volatility, 1Y 94.6%32.5%61.6% 14.2%
Beta vs S&P 500, 1Y 3.000.800.94 1.00
Return / volatility, 1Y 1.25-0.19-0.25 0.60
Max drawdown, 5Y -93.1%-50.9%-57.9% -25.4%
From 52-week high -39.1%-12.5%-40.6% -5.9%
52-week high $9.94$766.68$59.58 $779.14
52-week low $1.97$504.70$28.52 $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.

MultipleBFLYIDXXPAHC
P/E now vs peer median -29.5xmedian 26.9x 44.7xmedian 17.8x 14.0xmedian 17.8x
P/S now vs peer median 12.1xmedian 2.9x 11.3xmedian 8.1x 0.9xmedian 8.1x
EV/EBITDA now vs peer median -26.8xmedian 17.5x 32.1xmedian 15.7x 7.7xmedian 15.7x
P/FCF now vs peer median -54.0xmedian 26.4x 40.5xmedian 21.0x 66.3xmedian 21.0x
P/B now vs peer median 8.1xmedian 2.3x 28.3xmedian 2.0x 3.4xmedian 2.0x
PEG now vs peer median -0.99median 0.88 2.95median 0.36 0.20median 0.36

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 monthsBFLYIDXXPAHC
Revenue $123.25M $4.66B $1.54B
Gross profit $86.60M $2.92B $521.27M
Operating income -$57.83M $1.51B $192.78M
Net income -$53.69M $1.18B $102.71M
Free cash flow -$27.55M $1.30B $21.67M
R&D $39.57M $266.87M –
EPS (diluted) $-0.20 $14.96 $2.51
Cash & equivalents $122.30M $197.54M $75.55M
Total debt – $848.88M $610.88M
Shares (diluted) 262.10M 79.05M 40.96M
Enterprise value $952.33M $52.07B $1.12B

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
MetricBFLYIDXXPAHC
P/E -29.5x 44.7x 14.0x
P/FCF -54.0x 40.5x 66.3x
P/Operating cash flow -63.6x 37.2x 16.8x
P/S 12.1x 11.3x 0.9x
P/B 8.1x 28.3x 3.4x
P/Tangible book 8.4x 30.2x 3.7x
EV/EBITDA -26.8x 32.1x 7.7x
EV/EBIT -23.6x 35.5x 10.2x
EV/Revenue 11.1x 11.5x 1.3x
EV/FCF -49.6x 41.0x 90.7x
EV/Operating cash flow -58.4x 37.7x 22.9x
PEG (3Y EPS CAGR) -0.99 2.95 0.20

Growth

14 metrics
MetricBFLYIDXXPAHC
Revenue growth (1Y) 39.4% 11.9% 10.1%
Revenue CAGR (3Y) 21.7% 9.1% 16.4%
Gross profit growth (1Y) 126.4% 13.7% 19.5%
Gross profit CAGR (3Y) 30.5% 10.8% 20.6%
Operating income growth (1Y) 33.5% 15.3% 33.8%
Operating income CAGR (3Y) 26.9% 11.8% 49.7%
Net income growth (1Y) 32.8% 15.1% 51.5%
Net income CAGR (3Y) 24.2% 12.8% 70.5%
EPS growth (1Y) 35.4% 17.4% 51.2%
EPS CAGR (3Y) 30.0% 15.1% 69.8%
Operating cash flow growth (1Y) 5.8% 30.4% 11.6%
Operating cash flow CAGR (3Y) 41.1% 19.6% 28.7%
Free cash flow growth (1Y) -0.1% 35.3% -36.8%
Free cash flow CAGR (3Y) 38.8% 24.2% 74.0%

Profitability

14 metrics
MetricBFLYIDXXPAHC
Gross margin 70.3% 62.7% 33.8%
EBITDA margin -41.4% 35.7% 16.5%
Operating margin -46.9% 32.3% 12.5%
Pretax margin -43.5% 31.7% 9.1%
Net margin -43.6% 25.4% 6.7%
FCF margin -22.4% 28.0% 1.4%
Operating cash flow margin -19.0% 30.4% 5.6%
Return on equity -28.7% 67.9% 25.6%
Return on assets -18.8% 33.1% 6.8%
Return on invested capital – 45.4% 13.9%
Return on capital employed -26.6% 65.2% 15.9%
Asset turnover 0.4x 1.3x 1.0x
Cash conversion (OCF / net income) 0.4x 1.2x 0.8x
Stock comp / revenue 20.8% 1.4% 0.1%

Financial Health

11 metrics
MetricBFLYIDXXPAHC
Debt / assets – 22.9% 40.3%
Debt / equity – 0.5x 1.5x
Net debt / EBITDA – 0.4x 2.1x
Debt / FCF – 0.7x 28.2x
Liabilities / assets 36.0% 49.6% 72.4%
Equity / assets 64.0% 50.4% 27.6%
Interest coverage -46.8x 43.5x 4.2x
Current ratio 3.6x 1.2x 3.2x
Quick ratio 2.3x 0.7x 1.0x
Cash ratio 1.8x 0.2x 0.3x
Altman Z-score 4.66 22.69 3.09

Shareholder Returns

7 metrics
MetricBFLYIDXXPAHC
Dividend yield – – 1.4%
Net buyback yield -0.6% 1.8% –
Shareholder yield -0.6% 1.8% 1.4%
Payout ratio (earnings) – – 19.0%
Payout ratio (FCF) – – 89.9%
Dividend growth (1Y) – – 0.1%
Dividend CAGR (3Y) – – 0.0%

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.

ConsensusBFLYIDXXPAHC
Forward P/E – 42.6xFY2026 10.4xFY2027
EPS, next fiscal year $-0.06FY2026 $15.74FY2026 $3.42FY2027
EPS growth, next FY – +20.3%FY2026 +6.2%FY2027
EPS growth, the year after – +12.5% +9.6%
Revenue, next fiscal year $117.62MFY2026 $5.02BFY2026 $1.53BFY2027
Revenue growth, next FY +20.5%FY2026 +16.8%FY2026 +0.6%FY2027
Revenue growth, the year after +22.7% +0.6% -0.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBFLYIDXXPAHC
Held by institutions 58.4% 93.6% 99.1%
Institutions holding 248 1,291 210
Change in shares held, QoQ +13.9% +4.1% +3.0%
Institutions buying 144 589 117
Institutions selling 59 496 75
Buyers to sellers 2.44 1.19 1.56

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.

BFLYIDXXPAHC
BFLY 1.00 0.24 0.13
IDXX 0.24 1.00 0.28
PAHC 0.13 0.28 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BFLY, IDXX and PAHC?

Idexx Laboratories (IDXX) is the largest by market capitalisation: Butterfly Network (BFLY) $1.49B, Idexx Laboratories (IDXX) $52.85B, Phibro Animal Health (PAHC) $1.44B.

Which stock is cheaper, BFLY, IDXX and PAHC?

Phibro Animal Health (PAHC) trades on the lowest price-to-earnings ratio (Butterfly Network (BFLY) -29.5x, Idexx Laboratories (IDXX) 44.7x, Phibro Animal Health (PAHC) 14.0x). On next year's consensus earnings, Phibro Animal Health (PAHC) is cheapest (Idexx Laboratories (IDXX) 42.6x, Phibro Animal Health (PAHC) 10.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Butterfly Network (BFLY) grew revenue fastest over the trailing twelve months: Butterfly Network (BFLY) +39.4%, Idexx Laboratories (IDXX) +11.9%, Phibro Animal Health (PAHC) +10.1%.

Which company is more profitable?

Idexx Laboratories (IDXX) has the highest net margin (Butterfly Network (BFLY) -43.6%, Idexx Laboratories (IDXX) 25.4%, Phibro Animal Health (PAHC) 6.7%). On return on invested capital, Idexx Laboratories (IDXX) leads (Idexx Laboratories (IDXX) 45.4%, Phibro Animal Health (PAHC) 13.9%).

Which stock has performed better?

Over the past year Butterfly Network (BFLY) returned the most: Butterfly Network (BFLY) +141.0%, Idexx Laboratories (IDXX) -6.9%, Phibro Animal Health (PAHC) -14.0%. Over five years, Phibro Animal Health (PAHC) compounded fastest (Butterfly Network (BFLY) -10.3%/yr, Idexx Laboratories (IDXX) +1.0%/yr, Phibro Animal Health (PAHC) +9.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Phibro Animal Health (PAHC) 1.36%. Butterfly Network (BFLY) and Idexx Laboratories (IDXX) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Idexx Laboratories (IDXX) has been the steadiest (Butterfly Network (BFLY) 112.8%, Idexx Laboratories (IDXX) 35.9%, Phibro Animal Health (PAHC) 56.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BFLY, IDXX and PAHC?

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 6. 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.