BFLY vs PAHC vs ZTS Stock Comparison

Butterfly Network, Phibro Animal Health and Zoetis 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
ZTS Zoetis Inc.
$78.79 +12.0% 1M -45.3% 1Y
Market cap
$32.63B
P/E
12.6x
Revenue (TTM)
$9.52B
Div. yield
2.65%
Animal Health Healthcare
8 wins

Head to Head

12 decided of 12

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

QuestionBFLYPAHCZTSLeader
Larger companyMarket capitalisation $1.79B $1.58B $32.63B ZTS
Cheaper on earningsLower P/E, profitable companies only -36.7x 15.8x 12.6x ZTS
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 11.4x 13.4x PAHC
Faster revenue growthRevenue growth, trailing twelve months +39.4% +17.1% +1.5% BFLY
More profitableNet margin, trailing twelve months — 6.6% 27.5% ZTS
Better return on capitalReturn on invested capital — 14.2% 23.4% ZTS
Less leveragedLower net debt / EBITDA — 2.1x 1.8x ZTS
Higher dividend yieldTrailing dividend yield — 1.24% 2.65% ZTS
Better 1-year returnPrice return, last 12 months +249.3% -5.7% -45.3% BFLY
Better 5-year returnAnnualised price return, 5 years -6.2%/yr +12.1%/yr -18.3%/yr PAHC
Less volatileAnnualised volatility, 1 year 115.0% 55.6% 40.6% ZTS
Higher overall scoreMean of the five percentile scores vs peers 47/100 68/100 72/100 ZTS

Percentile Scorecard

BFLYPAHCZTS

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

AxisBFLYPAHCZTS
Valuation 21 #179 of 227 92 #51 of 624 88 #75 of 624
Growth 90 #23 of 218 85 #89 of 601 52 #289 of 601
Profitability 29 #144 of 202 85 #81 of 541 96 #22 of 541
Financial Health – 26 #481 of 647 34 #428 of 647
Shareholder Returns – 53 #169 of 359 89 #39 of 359
Overall 47 68 72
  • BFLY ranked among 247 companies in Medical Devices and Diagnostics
  • PAHC ranked among 671 companies in Pharmaceuticals and Biotechnology
  • ZTS 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

PeriodBFLYPAHCZTSSPY
1 month -17.5%+9.6%+12.0% +0.7%
3 months -8.0%+6.6%+3.6% +3.7%
6 months +56.8%-26.9%-31.5% +7.1%
Year to date +97.6%+4.0%-37.4% +12.8%
1 year +249.3%-5.7%-45.3% +11.9%
3 years +827.2%+255.2%-49.8% +85.2%
3 years, per year +110.2%+52.6%-20.5% +22.8%
5 years -27.2%+77.1%-63.6% +67.6%
5 years, per year -6.2%+12.1%-18.3% +10.9%
10 years —+49.2%+62.3% +262.0%
10 years, per year —+4.1%+5.0% +13.7%

Risk

MeasureBFLYPAHCZTSSPY
Volatility, 1Y 115.0%55.6%40.6% 12.7%
Downside volatility, 1Y 91.8%60.0%49.4% 12.6%
Beta vs S&P 500, 1Y 3.020.740.52 1.00
Return / volatility, 1Y 2.17-0.10-1.11 0.94
Max drawdown, 5Y -93.4%-57.9%-72.0% -25.4%
From 52-week high -24.4%-34.8%-45.4% -1.2%
52-week high $9.94$59.58$144.35 $779.14
52-week low $1.97$28.52$69.12 $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.

MultipleBFLYPAHCZTS
P/E now vs peer median -36.7xmedian 28.7x 15.8xmedian 17.8x 12.6xmedian 17.8x
P/S now vs peer median 14.5xmedian 3.0x 1.0xmedian 9.1x 3.4xmedian 9.1x
EV/EBITDA now vs peer median —median 17.8x 8.3xmedian 15.0x 9.8xmedian 15.0x
P/FCF now vs peer median -77.2xmedian 26.4x 159.7xmedian 21.7x 14.1xmedian 21.7x
P/B now vs peer median 9.7xmedian 2.4x 4.1xmedian 2.2x 10.4xmedian 2.2x
PEG now vs peer median -1.22median 0.99 0.35median 0.35 1.34median 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 monthsBFLYPAHCZTS
Revenue $123.25M $1.52B $9.52B
Gross profit $86.60M $512.52M $6.81B
Operating income -$57.83M $194.40M $3.59B
Net income -$53.69M $99.72M $2.62B
Free cash flow – $9.87M $2.32B
R&D $39.57M – $722.00M
EPS (diluted) $-0.20 $2.43 $6.26
Cash & equivalents $122.30M $61.42M $1.48B
Total debt – $2.49B $9.05B
Shares (diluted) 262.10M 40.96M 417.70M
Enterprise value $1.79B $1.26B $24.48B

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
MetricBFLYPAHCZTS
P/E -36.7x 15.8x 12.6x
P/FCF -77.2x 159.7x 14.1x
P/Operating cash flow -76.4x 22.9x 11.5x
P/S 14.5x 1.0x 3.4x
P/B 9.7x 4.1x 10.4x
P/Tangible book 10.0x 4.4x 14.6x
EV/EBITDA – 8.3x 9.8x
EV/EBIT – 10.9x 11.1x
EV/Revenue 14.5x 1.4x 4.2x
EV/FCF – 213.9x 17.3x
EV/Operating cash flow -76.4x 30.6x 14.1x
PEG (3Y EPS CAGR) -1.22 0.35 1.34

Growth

14 metrics
MetricBFLYPAHCZTS
Revenue growth (1Y) 39.4% 17.1% 1.5%
Revenue CAGR (3Y) 21.7% 15.8% 5.0%
Gross profit growth (1Y) 126.4% 28.1% 1.8%
Gross profit CAGR (3Y) 30.5% 19.8% 5.7%
Operating income growth (1Y) 33.5% 76.0% -0.1%
Operating income CAGR (3Y) 26.9% 39.3% 5.2%
Net income growth (1Y) 32.8% 106.6% 0.6%
Net income CAGR (3Y) 24.2% 45.2% 5.7%
EPS growth (1Y) 35.4% 105.2% 7.7%
EPS CAGR (3Y) 30.0% 44.6% 9.4%
Operating cash flow growth (1Y) 5.8% -13.9% -4.6%
Operating cash flow CAGR (3Y) 41.1% 73.0% 12.4%
Free cash flow growth (1Y) – -76.4% 2.1%
Free cash flow CAGR (3Y) – 31.2% 21.7%

Profitability

14 metrics
MetricBFLYPAHCZTS
Gross margin – 33.8% 71.5%
EBITDA margin – 16.8% 42.8%
Operating margin – 12.8% 37.7%
Pretax margin – 9.0% 34.4%
Net margin – 6.6% 27.5%
FCF margin – 0.6% 24.3%
Operating cash flow margin -19.0% 4.5% 29.8%
Return on equity – 26.7% 82.0%
Return on assets – 6.8% 17.3%
Return on invested capital – 14.2% 23.4%
Return on capital employed – 16.8% 27.5%
Asset turnover 0.4x 1.0x 0.6x
Cash conversion (OCF / net income) 0.4x 0.7x 1.1x
Stock comp / revenue 20.8% 0.1% 1.0%

Financial Health

11 metrics
MetricBFLYPAHCZTS
Debt / assets – 41.1% 60.0%
Debt / equity – 1.6x 2.9x
Net debt / EBITDA – 2.1x 1.8x
Debt / FCF – 62.5x 3.9x
Liabilities / assets 36.0% 74.3% 79.1%
Equity / assets 64.0% 25.7% 20.9%
Interest coverage – 4.2x 15.1x
Current ratio – 3.0x 3.1x
Quick ratio – 1.1x 1.6x
Cash ratio – 0.3x 0.8x
Altman Z-score – 3.11 4.76

Shareholder Returns

7 metrics
MetricBFLYPAHCZTS
Dividend yield – 1.2% 2.7%
Net buyback yield – – 11.2%
Shareholder yield – 1.2% 13.8%
Payout ratio (earnings) – 19.5% 34.0%
Payout ratio (FCF) – 197.3% 38.4%
Dividend growth (1Y) – 0.1% 6.1%
Dividend CAGR (3Y) – 0.0% 10.9%

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.

ConsensusBFLYPAHCZTS
Forward P/E – 11.4xFY2027 13.4xFY2026
EPS, next fiscal year $-0.10FY2026 $3.42FY2027 $5.86FY2026
EPS growth, next FY – +6.2%FY2027 -8.6%FY2026
EPS growth, the year after – +9.6% +13.0%
Revenue, next fiscal year $114.50MFY2026 $1.53BFY2027 $9.57BFY2026
Revenue growth, next FY +17.3%FY2026 +0.6%FY2027 +1.0%FY2026
Revenue growth, the year after +26.0% -0.2% -7.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBFLYPAHCZTS
Held by institutions 59.9% 51.5% 94.7%
Institutions holding 246 209 1,418
Change in shares held, QoQ +13.9% +3.0% -2.6%
Institutions buying 143 117 675
Institutions selling 59 74 582
Buyers to sellers 2.42 1.58 1.16

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.

BFLYPAHCZTS
BFLY 1.00 0.12 0.19
PAHC 0.12 1.00 0.61
ZTS 0.19 0.61 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BFLY, PAHC and ZTS?

Zoetis (ZTS) is the largest by market capitalisation: Butterfly Network (BFLY) $1.79B, Phibro Animal Health (PAHC) $1.58B, Zoetis (ZTS) $32.63B.

Which stock is cheaper, BFLY, PAHC and ZTS?

Zoetis (ZTS) trades on the lowest price-to-earnings ratio (Butterfly Network (BFLY) -36.7x, Phibro Animal Health (PAHC) 15.8x, Zoetis (ZTS) 12.6x). On next year's consensus earnings, Phibro Animal Health (PAHC) is cheapest (Phibro Animal Health (PAHC) 11.4x, Zoetis (ZTS) 13.4x). 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%, Phibro Animal Health (PAHC) +17.1%, Zoetis (ZTS) +1.5%.

Which company is more profitable?

Zoetis (ZTS) has the highest net margin (Phibro Animal Health (PAHC) 6.6%, Zoetis (ZTS) 27.5%). On return on invested capital, Zoetis (ZTS) leads (Phibro Animal Health (PAHC) 14.2%, Zoetis (ZTS) 23.4%).

Which stock has performed better?

Over the past year Butterfly Network (BFLY) returned the most: Butterfly Network (BFLY) +249.3%, Phibro Animal Health (PAHC) -5.7%, Zoetis (ZTS) -45.3%. Over five years, Phibro Animal Health (PAHC) compounded fastest (Butterfly Network (BFLY) -6.2%/yr, Phibro Animal Health (PAHC) +12.1%/yr, Zoetis (ZTS) -18.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Zoetis (ZTS) has the highest dividend yield: Phibro Animal Health (PAHC) 1.24%, Zoetis (ZTS) 2.65%. Butterfly Network (BFLY) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Zoetis (ZTS) has been the steadiest (Butterfly Network (BFLY) 115.0%, Phibro Animal Health (PAHC) 55.6%, Zoetis (ZTS) 40.6%). Volatility measures how widely the price swings, not the risk of the business.

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

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