BHC vs ANIP vs ALVO Stock Comparison

Bausch Health Companies, Ani Pharmaceuticals and Alvotech Prices as of Nov 2, 2026 Peers: Industry group
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ANIP Ani Pharmaceuticals Inc
$70.67 -2.1% 1M -22.0% 1Y
Market cap
$1.54B
P/E
14.2x
Revenue (TTM)
$978.38M
Div. yield
–
Generic Drugs Healthcare
7 wins
ALVO Alvotech
$4.48 -17.8% 1M -41.4% 1Y
Market cap
$1.34B
P/E
–
Revenue (TTM)
$105.94M
Div. yield
–
Generic Drugs Healthcare

Head to Head

10 decided of 12

Ani Pharmaceuticals leads on 7 of the 12 questions below (Ani Pharmaceuticals 7, Bausch Health Companies 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBHCANIPALVOLeader
Larger companyMarket capitalisation $3.14B $1.54B $1.34B BHC
Cheaper on earningsLower P/E, profitable companies only -3.7x 14.2x -5.1x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 1.7x 7.4x — BHC
Faster revenue growthRevenue growth, trailing twelve months +10.8% +30.9% -74.3% ANIP
More profitableNet margin, trailing twelve months -7.6% 11.0% -248.0% ANIP
Better return on capitalReturn on invested capital 6.4% 12.9% 4.4% ANIP
Less leveragedLower net debt / EBITDA 7.4x -0.2x 4.7x ANIP
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +14.4% -22.0% -41.4% BHC
Better 5-year returnAnnualised price return, 5 years -21.7%/yr +4.5%/yr -14.7%/yr ANIP
Less volatileAnnualised volatility, 1 year 59.9% 32.0% 70.4% ANIP
Higher overall scoreMean of the five percentile scores vs peers 65/100 84/100 48/100 ANIP

Percentile Scorecard

BHCANIPALVO

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

AxisBHCANIPALVO
Valuation 99 #6 of 623 97 #22 of 623 73 #169 of 623
Growth 60 #243 of 601 97 #17 of 601 36 #387 of 601
Profitability 86 #78 of 553 90 #57 of 553 64 #198 of 553
Financial Health 16 #547 of 654 45 #362 of 654 17 #543 of 654
Shareholder Returns – 92 #32 of 367 –
Overall 65 84 48
  • BHC ranked among 671 companies in Pharmaceuticals and Biotechnology
  • ANIP ranked among 671 companies in Pharmaceuticals and Biotechnology
  • ALVO 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

PeriodBHCANIPALVOSPY
1 month +38.4%-2.1%-17.8% -2.3%
3 months +14.6%-11.7%+18.2% -0.7%
6 months +45.2%-14.2%+27.3% +4.8%
Year to date +15.5%-10.5%-12.7% +10.3%
1 year +14.4%-22.0%-41.4% +10.3%
3 years +6.1%+8.0%-49.5% +73.0%
3 years, per year +2.0%+2.6%-20.4% +20.1%
5 years -70.5%+24.7%-54.7% +61.9%
5 years, per year -21.7%+4.5%-14.7% +10.1%
10 years -62.0%+14.0%— +258.6%
10 years, per year -9.2%+1.3%— +13.6%

Risk

MeasureBHCANIPALVOSPY
Volatility, 1Y 59.9%32.0%70.4% 12.8%
Downside volatility, 1Y 48.8%31.9%63.2% 12.8%
Beta vs S&P 500, 1Y 0.990.270.85 1.00
Return / volatility, 1Y 0.24-0.69-0.59 0.80
Max drawdown, 5Y -84.7%-59.2%-82.6% -25.4%
From 52-week high -9.7%-25.2%-27.2% -3.5%
52-week high $8.89$94.48$6.15 $779.14
52-week low $4.43$70.16$3.00 $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.

MultipleBHCANIPALVO
P/E now vs peer median -3.6xmedian 17.4x 13.8xmedian 17.4x -4.9xmedian 17.4x
P/S now vs peer median 0.3xmedian 8.9x 1.7xmedian 8.9x 13.2xmedian 8.9x
EV/EBITDA now vs peer median 8.6xmedian 17.0x 6.8xmedian 17.0x 10.3xmedian 17.0x
P/FCF now vs peer median 1.6xmedian 21.4x 9.7xmedian 21.4x -5.3xmedian 21.4x
P/B now vs peer median -2.3xmedian 2.1x 2.8xmedian 2.1x -7.3xmedian 2.1x
PEG now vs peer median -0.65median 0.35 0.09median 0.35 -0.15median 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 monthsBHCANIPALVO
Revenue $11.11B $978.38M $105.94M
Gross profit $8.07B $590.98M $7.66M
Operating income $1.25B $150.36M $47.54M
Net income -$837.00M $108.31M -$179.60M
Free cash flow $1.87B $172.99M -$261.39M
R&D $638.00M $49.91M $46.37M
EPS (diluted) $-2.22 $4.93 $-0.90
Cash & equivalents $2.49B $360.21M $142.80M
Total debt $20.64B $301.48M $1.31B
Shares (diluted) 378.10M 21.92M 291.34M
Enterprise value -$3.78B $316.28M $902.28M

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
MetricBHCANIPALVO
P/E -3.6x 13.8x -4.9x
P/FCF 1.6x 9.7x -5.3x
P/Operating cash flow 1.4x 8.9x -7.0x
P/S 0.3x 1.7x 13.2x
P/B -2.3x 2.8x -7.3x
P/Tangible book -0.6x 11.4x -4.2x
EV/EBITDA 8.6x 6.8x 10.3x
EV/EBIT 17.0x 10.8x 53.9x
EV/Revenue 1.9x 1.7x 24.2x
EV/FCF 11.3x 9.4x -9.8x
EV/Operating cash flow 9.6x 8.6x -12.9x
PEG (3Y EPS CAGR) -0.65 0.09 -0.15

Growth

14 metrics
MetricBHCANIPALVO
Revenue growth (1Y) 10.8% 30.9% -74.3%
Revenue CAGR (3Y) 9.2% 34.6% 104.2%
Gross profit growth (1Y) 13.9% 29.5% -95.0%
Gross profit CAGR (3Y) 10.2% 32.8% 27.2%
Operating income growth (1Y) -34.3% 889.9% -13.3%
Operating income CAGR (3Y) 50.6% 98.9% 27.6%
Net income growth (1Y) -345.5% 1,161% -383.6%
Net income CAGR (3Y) 5.3% 184.4% 24.4%
EPS growth (1Y) -330.7% 945.2% -481.6%
EPS CAGR (3Y) 5.5% 146.4% 33.6%
Operating cash flow growth (1Y) 46.7% 36.2% -367.1%
Operating cash flow CAGR (3Y) 25.5% 66.2% 12.8%
Free cash flow growth (1Y) 70.3% 37.9% -113.0%
Free cash flow CAGR (3Y) 25.9% 77.7% 8.6%

Profitability

14 metrics
MetricBHCANIPALVO
Gross margin 72.6% 60.4% 7.2%
EBITDA margin 22.2% 24.3% 233.8%
Operating margin 11.2% 15.4% 44.9%
Pretax margin -3.2% 14.6% -62.1%
Net margin -7.6% 11.0% -248.0%
FCF margin 16.8% 17.7% -246.7%
Operating cash flow margin 19.9% 19.4% -187.6%
Return on equity – 18.7% –
Return on assets -3.3% 7.4% -17.5%
Return on invested capital 6.4% 12.9% 4.4%
Return on capital employed 6.1% 12.8% 4.1%
Asset turnover 0.4x 0.7x 0.1x
Cash conversion (OCF / net income) -2.6x 1.7x 1.1x
Stock comp / revenue 2.2% 4.2% 8.7%

Financial Health

11 metrics
MetricBHCANIPALVO
Debt / assets 81.0% 20.2% 82.3%
Debt / equity -15.5x 0.5x -6.8x
Net debt / EBITDA 7.4x -0.2x 4.7x
Debt / FCF 11.1x 1.7x -5.0x
Liabilities / assets 105.2% 60.0% 112.1%
Equity / assets -5.2% 40.0% -12.1%
Interest coverage 0.8x – 0.8x
Current ratio 1.6x 2.9x 1.6x
Quick ratio 1.1x 2.2x 1.1x
Cash ratio 0.5x 1.3x 0.4x
Altman Z-score 0.22 2.58 -1.38

Shareholder Returns

7 metrics
MetricBHCANIPALVO
Dividend yield – – –
Net buyback yield – 0.6% –
Shareholder yield 0.0% 0.6% –
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.

ConsensusBHCANIPALVO
Forward P/E 1.7xFY2026 7.4xFY2026 –
EPS, next fiscal year $4.86FY2026 $9.81FY2026 $-0.01FY2026
EPS growth, next FY +26.9%FY2026 +24.3%FY2026 –
EPS growth, the year after -13.4% -2.3% –
Revenue, next fiscal year $11.45BFY2026 $1.15BFY2026 $556.32MFY2026
Revenue growth, next FY +11.9%FY2026 +29.9%FY2026 -6.2%FY2026
Revenue growth, the year after -0.5% +9.7% +23.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBHCANIPALVO
Held by institutions 63.3% 96.0% 14.7%
Institutions holding 221 306 72
Change in shares held, QoQ +1.9% -1.8% +152.4%
Institutions buying 99 172 44
Institutions selling 63 88 17
Buyers to sellers 1.57 1.95 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.

BHCANIPALVO
BHC 1.00 0.19 0.11
ANIP 0.19 1.00 0.19
ALVO 0.11 0.19 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, BHC, ANIP and ALVO?

Bausch Health Companies (BHC) is the largest by market capitalisation: Bausch Health Companies (BHC) $3.14B, Ani Pharmaceuticals (ANIP) $1.54B, Alvotech (ALVO) $1.34B.

Which company is growing faster?

Ani Pharmaceuticals (ANIP) grew revenue fastest over the trailing twelve months: Bausch Health Companies (BHC) +10.8%, Ani Pharmaceuticals (ANIP) +30.9%, Alvotech (ALVO) -74.3%.

Which company is more profitable?

Ani Pharmaceuticals (ANIP) has the highest net margin (Bausch Health Companies (BHC) -7.6%, Ani Pharmaceuticals (ANIP) 11.0%, Alvotech (ALVO) -248.0%). On return on invested capital, Ani Pharmaceuticals (ANIP) leads (Bausch Health Companies (BHC) 6.4%, Ani Pharmaceuticals (ANIP) 12.9%, Alvotech (ALVO) 4.4%).

Which stock has performed better?

Over the past year Bausch Health Companies (BHC) returned the most: Bausch Health Companies (BHC) +14.4%, Ani Pharmaceuticals (ANIP) -22.0%, Alvotech (ALVO) -41.4%. Over five years, Ani Pharmaceuticals (ANIP) compounded fastest (Bausch Health Companies (BHC) -21.7%/yr, Ani Pharmaceuticals (ANIP) +4.5%/yr, Alvotech (ALVO) -14.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Ani Pharmaceuticals (ANIP) has been the steadiest (Bausch Health Companies (BHC) 59.9%, Ani Pharmaceuticals (ANIP) 32.0%, Alvotech (ALVO) 70.4%). Volatility measures how widely the price swings, not the risk of the business.

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

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