BFLY vs QDEL vs GEHC Stock Comparison

Butterfly Network, QuidelOrtho and GE HealthCare Technologies 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
3 wins
QDEL QuidelOrtho Corp
$13.76 +29.8% 1M -50.8% 1Y
Market cap
$939.81M
P/E
–
Revenue (TTM)
-$211.90M
Div. yield
–
Diagnostic Equipment Healthcare

Head to Head

7 decided of 12

GE HealthCare Technologies leads on 4 of the 12 questions below (GE HealthCare Technologies 4, Butterfly Network 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBFLYQDELGEHCLeader
Larger companyMarket capitalisation $1.79B $939.81M $34.55B GEHC
Cheaper on earningsLower P/E, profitable companies only -36.7x -0.9x 16.0x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 18.3x 15.0x GEHC
Faster revenue growthRevenue growth, trailing twelve months +39.4% -30.8% +6.9% BFLY
More profitableNet margin, trailing twelve months — — 10.0% –
Better return on capitalReturn on invested capital — — 10.8% –
Less leveragedLower net debt / EBITDA — — 2.0x –
Higher dividend yieldTrailing dividend yield — — 0.20% –
Better 1-year returnPrice return, last 12 months +249.3% -50.8% -1.2% BFLY
Better 5-year returnAnnualised price return, 5 years -6.2%/yr -36.5%/yr — BFLY
Less volatileAnnualised volatility, 1 year 115.0% 92.9% 35.4% GEHC
Higher overall scoreMean of the five percentile scores vs peers 47/100 22/100 58/100 GEHC

Percentile Scorecard

BFLYQDELGEHC

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

AxisBFLYQDELGEHC
Valuation 21 #179 of 227 47 #120 of 227 91 #22 of 227
Growth 90 #23 of 218 1 #216 of 218 36 #141 of 218
Profitability 29 #144 of 202 – 79 #44 of 202
Financial Health – 10 #209 of 233 30 #164 of 233
Shareholder Returns – 29 #93 of 130 54 #60 of 130
Overall 47 22 58
  • BFLY ranked among 247 companies in Medical Devices and Diagnostics
  • QDEL ranked among 247 companies in Medical Devices and Diagnostics
  • GEHC 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

PeriodBFLYQDELGEHCSPY
1 month -17.5%+29.8%+15.0% +0.7%
3 months -8.0%-17.0%+9.3% +3.7%
6 months +56.8%+11.9%+25.6% +7.1%
Year to date +97.6%-51.8%-6.8% +12.8%
1 year +249.3%-50.8%-1.2% +11.9%
3 years +827.2%-77.1%+21.0% +85.2%
3 years, per year +110.2%-38.9%+6.6% +22.8%
5 years -27.2%-89.6%— +67.6%
5 years, per year -6.2%-36.5%— +10.9%
10 years —-29.3%— +262.0%
10 years, per year —-3.4%— +13.7%

Risk

MeasureBFLYQDELGEHCSPY
Volatility, 1Y 115.0%92.9%35.4% 12.7%
Downside volatility, 1Y 91.8%100.7%35.8% 12.6%
Beta vs S&P 500, 1Y 3.022.620.68 1.00
Return / volatility, 1Y 2.17-0.55-0.04 0.94
Max drawdown, 5Y -93.4%-94.3%-37.4% -25.4%
From 52-week high -24.4%-61.1%-13.3% -1.2%
52-week high $9.94$35.38$88.16 $779.14
52-week low $1.97$9.96$59.49 $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.

MultipleBFLYQDELGEHC
P/E now vs peer median -36.7xmedian 28.7x -0.9xmedian 28.7x 16.0xmedian 28.7x
P/S now vs peer median 14.5xmedian 3.0x -4.4xmedian 3.0x 1.6xmedian 3.0x
EV/EBITDA now vs peer median —median 17.8x —median 17.8x 11.9xmedian 17.8x
P/FCF now vs peer median -77.2xmedian 26.4x -4.4xmedian 26.4x 18.3xmedian 26.4x
P/B now vs peer median 9.7xmedian 2.4x 0.5xmedian 2.4x 3.0xmedian 2.4x
PEG now vs peer median -1.22median 0.99 0.01median 0.99 1.30median 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 monthsBFLYQDELGEHC
Revenue $123.25M -$211.90M $21.64B
Gross profit $86.60M – $8.64B
Operating income -$57.83M – $2.89B
Net income -$53.69M -$1.05B $2.21B
Free cash flow – -$211.20M $1.89B
R&D $39.57M – $1.31B
EPS (diluted) $-0.20 $-15.35 $4.75
Cash & equivalents $122.30M $123.40M $2.86B
Total debt – $2.89B $9.97B
Shares (diluted) 262.10M 68.30M 453.00M
Enterprise value $1.79B $408.11M $23.02B

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
MetricBFLYQDELGEHC
P/E -36.7x -0.9x 16.0x
P/FCF -77.2x -4.4x 18.3x
P/Operating cash flow -76.4x -16.4x 14.3x
P/S 14.5x -4.4x 1.6x
P/B 9.7x 0.5x 3.0x
P/Tangible book 10.0x -1.0x 3.5x
EV/EBITDA – – 11.9x
EV/EBIT – – 14.4x
EV/Revenue 14.5x -17.5x 1.9x
EV/FCF – -17.6x 22.1x
EV/Operating cash flow -76.4x -64.8x 17.3x
PEG (3Y EPS CAGR) -1.22 0.01 1.30

Growth

14 metrics
MetricBFLYQDELGEHC
Revenue growth (1Y) 39.4% -30.8% 6.9%
Revenue CAGR (3Y) 21.7% -27.0% 3.9%
Gross profit growth (1Y) 126.4% – 4.6%
Gross profit CAGR (3Y) 30.5% – 3.9%
Operating income growth (1Y) 33.5% – 5.4%
Operating income CAGR (3Y) 26.9% – 4.6%
Net income growth (1Y) 32.8% -124.8% -3.5%
Net income CAGR (3Y) 24.2% -107.7% 7.6%
EPS growth (1Y) 35.4% -122.8% -2.0%
EPS CAGR (3Y) 30.0% -106.5% 12.3%
Operating cash flow growth (1Y) 5.8% -128.5% 30.5%
Operating cash flow CAGR (3Y) 41.1% -27.1% 4.5%
Free cash flow growth (1Y) – -1,725% 34.9%
Free cash flow CAGR (3Y) – -30.1% 2.7%

Profitability

14 metrics
MetricBFLYQDELGEHC
Gross margin – – 39.9%
EBITDA margin – – 16.2%
Operating margin – – 13.3%
Pretax margin – – 12.8%
Net margin – – 10.0%
FCF margin – – 8.7%
Operating cash flow margin -19.0% 27.0% 11.2%
Return on equity – – 19.5%
Return on assets – – 5.8%
Return on invested capital – – 10.8%
Return on capital employed – – 10.0%
Asset turnover 0.4x 0.0x 0.6x
Cash conversion (OCF / net income) 0.4x 0.1x 1.1x
Stock comp / revenue 20.8% -20.9% 0.7%

Financial Health

11 metrics
MetricBFLYQDELGEHC
Debt / assets – 50.6% 26.0%
Debt / equity – 1.6x 0.9x
Net debt / EBITDA – – 2.0x
Debt / FCF – -13.7x 5.3x
Liabilities / assets 36.0% 68.9% 69.7%
Equity / assets 64.0% 31.1% 30.3%
Interest coverage – – 6.6x
Current ratio – 1.4x 1.3x
Quick ratio – 0.5x 0.9x
Cash ratio – 0.1x 0.3x
Altman Z-score – – 1.92

Shareholder Returns

7 metrics
MetricBFLYQDELGEHC
Dividend yield – – 0.2%
Net buyback yield – -0.6% 0.8%
Shareholder yield – -0.6% 1.0%
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.

ConsensusBFLYQDELGEHC
Forward P/E – 18.3xFY2026 15.0xFY2026
EPS, next fiscal year $-0.10FY2026 $0.75FY2026 $5.09FY2026
EPS growth, next FY – -64.6%FY2026 +10.9%FY2026
EPS growth, the year after – +101.3% -0.4%
Revenue, next fiscal year $114.50MFY2026 $2.67BFY2026 $22.47BFY2026
Revenue growth, next FY +17.3%FY2026 -2.0%FY2026 +8.9%FY2026
Revenue growth, the year after +26.0% +0.2% +7.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBFLYQDELGEHC
Held by institutions 59.9% 100.0% 87.0%
Institutions holding 246 243 1,222
Change in shares held, QoQ +13.9% +2.9% +1.7%
Institutions buying 143 143 539
Institutions selling 59 65 461
Buyers to sellers 2.42 2.20 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.

BFLYQDELGEHC
BFLY 1.00 0.23 0.21
QDEL 0.23 1.00 0.26
GEHC 0.21 0.26 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BFLY, QDEL and GEHC?

GE HealthCare Technologies (GEHC) is the largest by market capitalisation: Butterfly Network (BFLY) $1.79B, QuidelOrtho (QDEL) $939.81M, GE HealthCare Technologies (GEHC) $34.55B.

Which company is growing faster?

Butterfly Network (BFLY) grew revenue fastest over the trailing twelve months: Butterfly Network (BFLY) +39.4%, QuidelOrtho (QDEL) -30.8%, GE HealthCare Technologies (GEHC) +6.9%.

Which stock has performed better?

Over the past year Butterfly Network (BFLY) returned the most: Butterfly Network (BFLY) +249.3%, QuidelOrtho (QDEL) -50.8%, GE HealthCare Technologies (GEHC) -1.2%. Over five years, Butterfly Network (BFLY) compounded fastest (Butterfly Network (BFLY) -6.2%/yr, QuidelOrtho (QDEL) -36.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: GE HealthCare Technologies (GEHC) 0.20%. Butterfly Network (BFLY) and QuidelOrtho (QDEL) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, GE HealthCare Technologies (GEHC) has been the steadiest (Butterfly Network (BFLY) 115.0%, QuidelOrtho (QDEL) 92.9%, GE HealthCare Technologies (GEHC) 35.4%). Volatility measures how widely the price swings, not the risk of the business.

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

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 4. 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.