BHC vs ALVO vs ELTP Stock Comparison

Bausch Health Companies, Alvotech and Elite Pharmaceuticals Prices as of Oct 29, 2026 Peers: Industry group
ALVO Alvotech
$4.89 -17.4% 1M -38.1% 1Y
Market cap
$1.40B
P/E
–
Revenue (TTM)
$105.94M
Div. yield
–
Generic Drugs Healthcare

Head to Head

9 decided of 12

Elite Pharmaceuticals leads on 7 of the 12 questions below (Elite Pharmaceuticals 7, Bausch Health Companies 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBHCALVOELTPLeader
Larger companyMarket capitalisation $3.35B $1.40B $247.74M BHC
Cheaper on earningsLower P/E, profitable companies only -4.0x -5.3x 4.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 1.8x — — –
Faster revenue growthRevenue growth, trailing twelve months — -74.3% +33.7% ELTP
More profitableNet margin, trailing twelve months — -248.0% 40.2% ELTP
Better return on capitalReturn on invested capital — 4.4% 29.2% ELTP
Less leveragedLower net debt / EBITDA — 13.1x -1.0x ELTP
Higher dividend yieldTrailing dividend yield 0.00% 0.00% — –
Better 1-year returnPrice return, last 12 months +50.7% -38.1% -61.7% BHC
Better 5-year returnAnnualised price return, 5 years -20.6%/yr -13.2%/yr +41.9%/yr ELTP
Less volatileAnnualised volatility, 1 year 60.6% 81.7% 57.5% ELTP
Higher overall scoreMean of the five percentile scores vs peers — 48/100 89/100 ELTP

Percentile Scorecard

BHCALVOELTP

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

AxisBHCALVOELTP
Valuation 97 #19 of 624 72 #173 of 624 99 #10 of 624
Growth 34 #399 of 601 34 #395 of 601 92 #52 of 601
Profitability – 69 #170 of 541 91 #48 of 541
Financial Health – 15 #549 of 647 76 #157 of 647
Shareholder Returns – – 86 #53 of 359
Overall – 48 89
  • BHC ranked among 671 companies in Pharmaceuticals and Biotechnology
  • ALVO ranked among 671 companies in Pharmaceuticals and Biotechnology
  • ELTP 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

PeriodBHCALVOELTPSPY
1 month +53.3%-17.4%0.0% +0.7%
3 months +47.4%+37.0%-37.8% +3.7%
6 months +55.4%+46.4%-32.4% +7.1%
Year to date +27.9%-4.7%-53.1% +12.8%
1 year +50.7%-38.1%-61.7% +11.9%
3 years +32.9%-43.8%+91.7% +85.2%
3 years, per year +9.9%-17.5%+24.2% +22.8%
5 years -68.3%-50.6%+475.0% +67.6%
5 years, per year -20.6%-13.2%+41.9% +10.9%
10 years -56.3%—+35.3% +262.0%
10 years, per year -7.9%—+3.1% +13.7%

Risk

MeasureBHCALVOELTPSPY
Volatility, 1Y 60.6%81.7%57.5% 12.7%
Downside volatility, 1Y 47.7%86.0%72.3% 12.6%
Beta vs S&P 500, 1Y 0.830.750.71 1.00
Return / volatility, 1Y 0.84-0.47-1.07 0.94
Max drawdown, 5Y -84.9%-82.6%-71.4% -25.4%
From 52-week high 0.0%-38.1%-66.2% -1.2%
52-week high $8.89$7.90$0.68 $779.14
52-week low $4.43$3.00$0.22 $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.

MultipleBHCALVOELTP
P/E now vs peer median -4.0xmedian 17.8x -5.4xmedian 17.8x 4.4xmedian 17.8x
P/S now vs peer median 0.2xmedian 9.1x 14.4xmedian 9.1x 1.8xmedian 9.1x
EV/EBITDA now vs peer median —median 15.0x 30.3xmedian 15.0x 5.8xmedian 15.0x
P/FCF now vs peer median 1.5xmedian 21.7x -5.8xmedian 21.7x 14.1xmedian 21.7x
P/B now vs peer median —median 2.2x -8.0xmedian 2.2x 2.4xmedian 2.2x
PEG now vs peer median -0.72median 0.35 -0.22median 0.35 0.04median 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 monthsBHCALVOELTP
Revenue – $105.94M $141.01M
Gross profit – $7.66M $61.31M
Operating income $1.25B $47.54M $34.94M
Net income – -$179.60M $56.67M
Free cash flow – -$261.39M $17.53M
R&D $638.00M $46.37M $6.10M
EPS (diluted) $-2.22 $-0.90 $0.05
Cash & equivalents – $142.80M $39.42M
Total debt – $1.31B $9.58M
Shares (diluted) 378.10M 291.34M 1.13B
Enterprise value $3.35B $964.57M $129.41M

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
MetricBHCALVOELTP
P/E -4.0x -5.4x 4.4x
P/FCF 1.5x -5.8x 14.1x
P/Operating cash flow – -7.7x 13.0x
P/S 0.2x 14.4x 1.8x
P/B – -8.0x 2.4x
P/Tangible book – -4.6x 2.5x
EV/EBITDA – 30.3x 5.8x
EV/EBIT – 56.6x 6.0x
EV/Revenue – 25.4x 1.5x
EV/FCF – -10.3x 12.0x
EV/Operating cash flow – -13.5x 11.1x
PEG (3Y EPS CAGR) -0.72 -0.22 0.04

Growth

14 metrics
MetricBHCALVOELTP
Revenue growth (1Y) – -74.3% 33.7%
Revenue CAGR (3Y) – 104.2% 58.4%
Gross profit growth (1Y) – -95.0% 4.2%
Gross profit CAGR (3Y) – 27.6% 53.5%
Operating income growth (1Y) -34.3% -13.3% -6.7%
Operating income CAGR (3Y) 50.6% 28.9% 101.7%
Net income growth (1Y) – -383.6% 624.0%
Net income CAGR (3Y) – 24.4% 134.4%
EPS growth (1Y) -330.7% -481.6% 596.0%
EPS CAGR (3Y) 5.5% 24.6% 118.3%
Operating cash flow growth (1Y) – -367.1% -0.2%
Operating cash flow CAGR (3Y) – 12.8% 152.2%
Free cash flow growth (1Y) – -113.0% -2.8%
Free cash flow CAGR (3Y) – 8.6% 81.0%

Profitability

14 metrics
MetricBHCALVOELTP
Gross margin – 7.2% 43.5%
EBITDA margin – 83.9% 25.9%
Operating margin – 44.9% 24.8%
Pretax margin – -62.1% 46.2%
Net margin – -248.0% 40.2%
FCF margin – -246.7% 12.4%
Operating cash flow margin – -187.6% 13.5%
Return on equity – – 55.6%
Return on assets – -17.5% 40.8%
Return on invested capital – 4.4% 29.2%
Return on capital employed – 4.1% 32.2%
Asset turnover – 0.1x 1.0x
Cash conversion (OCF / net income) – 1.1x 0.3x
Stock comp / revenue – 8.7% 0.1%

Financial Health

11 metrics
MetricBHCALVOELTP
Debt / assets – 82.3% 1.7%
Debt / equity – -6.8x 0.0x
Net debt / EBITDA – 13.1x -1.0x
Debt / FCF – -5.0x 0.1x
Liabilities / assets – 112.1% 24.9%
Equity / assets – -12.1% 75.1%
Interest coverage – 0.8x 69.4x
Current ratio – 1.6x 3.8x
Quick ratio – 1.1x 3.0x
Cash ratio – 0.4x 1.3x
Altman Z-score – -1.34 6.12

Shareholder Returns

7 metrics
MetricBHCALVOELTP
Dividend yield – – –
Net buyback yield – – -0.1%
Shareholder yield 0.0% – -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.

ConsensusBHCALVOELTP
Forward P/E 1.8xFY2026 – –
EPS, next fiscal year $4.86FY2026 $-0.01FY2026 –
EPS growth, next FY +26.9%FY2026 – –
EPS growth, the year after -13.4% – –
Revenue, next fiscal year $11.45BFY2026 $556.32MFY2026 –
Revenue growth, next FY +11.9%FY2026 -6.2%FY2026 –
Revenue growth, the year after -0.5% +23.2% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBHCALVOELTP
Held by institutions 63.3% 14.7% 0.0%
Institutions holding 221 72 1
Change in shares held, QoQ +1.9% +152.4% –
Institutions buying 99 44 1
Institutions selling 63 17 0
Buyers to sellers 1.57 2.59 –

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.

BHCALVOELTP
BHC 1.00 0.11 -0.02
ALVO 0.11 1.00 0.00
ELTP -0.02 0.00 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, BHC, ALVO and ELTP?

Bausch Health Companies (BHC) is the largest by market capitalisation: Bausch Health Companies (BHC) $3.35B, Alvotech (ALVO) $1.40B, Elite Pharmaceuticals (ELTP) $247.74M.

Which company is growing faster?

Elite Pharmaceuticals (ELTP) grew revenue fastest over the trailing twelve months: Alvotech (ALVO) -74.3%, Elite Pharmaceuticals (ELTP) +33.7%.

Which company is more profitable?

Elite Pharmaceuticals (ELTP) has the highest net margin (Alvotech (ALVO) -248.0%, Elite Pharmaceuticals (ELTP) 40.2%). On return on invested capital, Elite Pharmaceuticals (ELTP) leads (Alvotech (ALVO) 4.4%, Elite Pharmaceuticals (ELTP) 29.2%).

Which stock has performed better?

Over the past year Bausch Health Companies (BHC) returned the most: Bausch Health Companies (BHC) +50.7%, Alvotech (ALVO) -38.1%, Elite Pharmaceuticals (ELTP) -61.7%. Over five years, Elite Pharmaceuticals (ELTP) compounded fastest (Bausch Health Companies (BHC) -20.6%/yr, Alvotech (ALVO) -13.2%/yr, Elite Pharmaceuticals (ELTP) +41.9%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Elite Pharmaceuticals (ELTP) has been the steadiest (Bausch Health Companies (BHC) 60.6%, Alvotech (ALVO) 81.7%, Elite Pharmaceuticals (ELTP) 57.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BHC, ALVO and ELTP?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Elite Pharmaceuticals (ELTP) leads on 7. 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.