ELAN vs COR vs NEOG Stock Comparison

Elanco Animal Health, Cencora and Neogen Prices as of Oct 23, 2026 Peers: Industry group
COR Cencora, Inc.
$330.91 +6.0% 1M +0.7% 1Y
Market cap
$63.77B
P/E
24.3x
Revenue (TTM)
$332.77B
Div. yield
0.01%
Drug Distribution Healthcare
7 wins
NEOG Neogen Corp
$12.19 -10.2% 1M +100.8% 1Y
Market cap
$2.66B
P/E
–
Revenue (TTM)
$883.99M
Div. yield
–
Diagnostic Equipment Healthcare
1 win

Head to Head

10 decided of 12

Cencora leads on 7 of the 12 questions below (Cencora 7, Elanco Animal Health 2, Neogen 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionELANCORNEOGLeader
Larger companyMarket capitalisation $11.47B $63.77B $2.66B COR
Cheaper on earningsLower P/E, profitable companies only -57.6x 24.3x -47.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 20.5x 19.4x 39.3x COR
Faster revenue growthRevenue growth, trailing twelve months +12.0% +5.1% -0.3% ELAN
More profitableNet margin, trailing twelve months -4.0% 0.8% -6.3% COR
Better return on capitalReturn on invested capital 6.1% 14.4% -0.2% COR
Less leveragedLower net debt / EBITDA 2.5x 2.2x 5.4x COR
Higher dividend yieldTrailing dividend yield 0.00% 0.01% 0.00% –
Better 1-year returnPrice return, last 12 months +3.4% +0.7% +100.8% NEOG
Better 5-year returnAnnualised price return, 5 years -7.9%/yr +21.8%/yr -21.6%/yr COR
Less volatileAnnualised volatility, 1 year 42.2% 32.8% 55.6% COR
Higher overall scoreMean of the five percentile scores vs peers 67/100 52/100 57/100 ELAN

Percentile Scorecard

ELANCORNEOG

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

AxisELANCORNEOG
Valuation 94 #39 of 624 63 #10 of 25 72 #65 of 228
Growth 58 #252 of 603 74 #7 of 24 48 #115 of 222
Profitability 83 #93 of 555 57 #11 of 24 61 #83 of 210
Financial Health 32 #447 of 657 24 #20 of 26 47 #129 of 241
Shareholder Returns – 44 #10 of 17 58 #59 of 138
Overall 67 52 57
  • ELAN ranked among 671 companies in Pharmaceuticals and Biotechnology
  • COR ranked among 27 companies in Healthcare Payers and Distributors
  • NEOG ranked among 248 companies in Medical Devices and Diagnostics

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodELANCORNEOGSPY
1 month -0.3%+6.0%-10.2% -1.0%
3 months -9.6%+6.8%+29.7% +2.9%
6 months -1.1%+7.4%+27.8% +6.4%
Year to date -0.5%-2.0%+74.4% +11.4%
1 year +3.4%+0.7%+100.8% +13.1%
3 years +147.9%+75.1%-19.8% +79.4%
3 years, per year +35.4%+20.5%-7.1% +21.5%
5 years -33.6%+168.3%-70.3% +67.7%
5 years, per year -7.9%+21.8%-21.6% +10.9%
10 years —+313.5%-37.6% +255.2%
10 years, per year —+15.3%-4.6% +13.5%

Risk

MeasureELANCORNEOGSPY
Volatility, 1Y 42.2%32.8%55.6% 12.7%
Downside volatility, 1Y 43.0%39.8%46.5% 12.7%
Beta vs S&P 500, 1Y 1.30-0.131.44 1.00
Return / volatility, 1Y 0.080.021.81 1.03
Max drawdown, 5Y -76.3%-32.6%-90.6% -25.4%
From 52-week high -16.1%-11.7%-12.8% -2.5%
52-week high $26.84$374.75$13.98 $779.14
52-week low $19.80$252.74$5.41 $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.

MultipleELANCORNEOG
P/E now vs peer median -56.5xmedian 17.2x 24.4xmedian 24.5x -47.4xmedian 30.7x
P/S now vs peer median 2.2xmedian 8.8x 0.2xmedian 0.3x 3.0xmedian 3.0x
EV/EBITDA now vs peer median 11.0xmedian 16.0x 17.5xmedian 14.4x 29.4xmedian 17.7x
P/FCF now vs peer median 29.7xmedian 17.8x 15.6xmedian 15.8x 53.4xmedian 23.7x
P/B now vs peer median 1.7xmedian 2.1x 19.5xmedian 2.5x 1.3xmedian 2.4x
PEG now vs peer median 2.87median 0.32 1.36median 1.35 1.69median 0.96

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 monthsELANCORNEOG
Revenue $5.02B $332.77B $883.99M
Gross profit $2.78B $13.22B $418.98M
Operating income $637.00M $3.04B -$7.38M
Net income -$199.00M $2.65B -$56.10M
Free cash flow $379.00M $4.06B $49.80M
R&D $371.00M – $19.76M
EPS (diluted) $-0.39 $13.53 $-0.26
Cash & equivalents $530.00M $2.82B $172.00M
Total debt $3.92B $11.72B $3.15B
Shares (diluted) 505.90M 193.94M 218.10M
Enterprise value $9.46B $52.66B $2.00B

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
MetricELANCORNEOG
P/E -56.5x 24.4x -47.4x
P/FCF 29.7x 15.6x 53.4x
P/Operating cash flow 18.2x 13.1x 31.2x
P/S 2.2x 0.2x 3.0x
P/B 1.7x 19.5x 1.3x
P/Tangible book 3.3x -23.5x 3.4x
EV/EBITDA 11.0x 17.5x 29.4x
EV/EBIT 23.0x 23.7x -442.4x
EV/Revenue 2.9x 0.2x 3.7x
EV/FCF 38.6x 17.7x 65.5x
EV/Operating cash flow 23.7x 14.9x 38.3x
PEG (3Y EPS CAGR) 2.87 1.36 1.69

Growth

14 metrics
MetricELANCORNEOG
Revenue growth (1Y) 12.0% 5.1% -0.3%
Revenue CAGR (3Y) 5.1% 9.4% -1.3%
Gross profit growth (1Y) 13.2% 20.0% 1.8%
Gross profit CAGR (3Y) 3.9% 15.0% -3.1%
Operating income growth (1Y) 2,648% 11.1% 99.3%
Operating income CAGR (3Y) 32.5% 9.5% -29.0%
Net income growth (1Y) -145.9% 38.9% 94.6%
Net income CAGR (3Y) -20.8% 16.2% -28.3%
EPS growth (1Y) -145.3% 39.3% 94.6%
EPS CAGR (3Y) -19.7% 17.9% -28.0%
Operating cash flow growth (1Y) 7.9% 176.7% -1.9%
Operating cash flow CAGR (3Y) 73.6% 14.1% 2.9%
Free cash flow growth (1Y) 5.0% 255.7% 1,631%
Free cash flow CAGR (3Y) 101.8% 13.3% 126.1%

Profitability

14 metrics
MetricELANCORNEOG
Gross margin 55.4% 4.0% 47.4%
EBITDA margin 26.5% 1.2% 12.5%
Operating margin 12.7% 0.9% -0.8%
Pretax margin -3.3% 1.1% -7.7%
Net margin -4.0% 0.8% -6.3%
FCF margin 7.5% 1.2% 5.6%
Operating cash flow margin 12.3% 1.4% 9.6%
Return on equity -3.0% 77.4% -2.7%
Return on assets -1.5% 3.2% -1.7%
Return on invested capital 6.1% 14.4% -0.2%
Return on capital employed 5.5% 12.9% -0.2%
Asset turnover 0.4x 4.0x 0.3x
Cash conversion (OCF / net income) -3.1x 1.8x -1.5x
Stock comp / revenue 1.5% 0.0% 1.3%

Financial Health

11 metrics
MetricELANCORNEOG
Debt / assets 28.9% 14.0% 23.4%
Debt / equity 0.6x 3.6x 0.4x
Net debt / EBITDA 2.5x 2.2x 5.4x
Debt / FCF 10.3x 2.9x 15.5x
Liabilities / assets 51.4% 96.1% 36.8%
Equity / assets 48.6% 3.9% 63.2%
Interest coverage 2.6x – –
Current ratio 2.1x 0.9x 3.9x
Quick ratio 0.9x 0.5x 2.1x
Cash ratio 0.3x 0.0x 1.2x
Altman Z-score 1.45 4.66 1.49

Shareholder Returns

7 metrics
MetricELANCORNEOG
Dividend yield – 0.7% –
Net buyback yield – 1.6% -0.1%
Shareholder yield – 2.3% -0.1%
Payout ratio (earnings) – 17.7% –
Payout ratio (FCF) – 11.5% –
Dividend growth (1Y) – 8.7% –
Dividend CAGR (3Y) – 5.7% –

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.

ConsensusELANCORNEOG
Forward P/E 20.5xFY2026 19.4xFY2026 39.3xFY2026
EPS, next fiscal year $1.10FY2026 $17.08FY2026 $0.31FY2026
EPS growth, next FY +17.0%FY2026 +6.7%FY2026 -3.1%FY2026
EPS growth, the year after +23.6% +11.8% +25.8%
Revenue, next fiscal year $4.78BFY2026 $328.67BFY2026 $845.87MFY2026
Revenue growth, next FY +1.4%FY2026 +2.3%FY2026 -2.8%FY2026
Revenue growth, the year after +19.9% -0.5% +1.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersELANCORNEOG
Held by institutions 100.0% 94.7% 100.0%
Institutions holding 523 1,342 315
Change in shares held, QoQ +4.4% +15.7% +1.6%
Institutions buying 246 542 151
Institutions selling 209 609 106
Buyers to sellers 1.18 0.89 1.42

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.

ELANCORNEOG
ELAN 1.00 -0.07 0.26
COR -0.07 1.00 -0.06
NEOG 0.26 -0.06 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ELAN, COR and NEOG?

Cencora (COR) is the largest by market capitalisation: Elanco Animal Health (ELAN) $11.47B, Cencora (COR) $63.77B, Neogen (NEOG) $2.66B.

Which company is growing faster?

Elanco Animal Health (ELAN) grew revenue fastest over the trailing twelve months: Elanco Animal Health (ELAN) +12.0%, Cencora (COR) +5.1%, Neogen (NEOG) -0.3%.

Which company is more profitable?

Cencora (COR) has the highest net margin (Elanco Animal Health (ELAN) -4.0%, Cencora (COR) 0.8%, Neogen (NEOG) -6.3%). On return on invested capital, Cencora (COR) leads (Elanco Animal Health (ELAN) 6.1%, Cencora (COR) 14.4%, Neogen (NEOG) -0.2%).

Which stock has performed better?

Over the past year Neogen (NEOG) returned the most: Elanco Animal Health (ELAN) +3.4%, Cencora (COR) +0.7%, Neogen (NEOG) +100.8%. Over five years, Cencora (COR) compounded fastest (Elanco Animal Health (ELAN) -7.9%/yr, Cencora (COR) +21.8%/yr, Neogen (NEOG) -21.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Elanco Animal Health (ELAN) 0.00%, Cencora (COR) 0.01%, Neogen (NEOG) 0.00%. Elanco Animal Health (ELAN) and Neogen (NEOG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Cencora (COR) has been the steadiest (Elanco Animal Health (ELAN) 42.2%, Cencora (COR) 32.8%, Neogen (NEOG) 55.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ELAN, COR and NEOG?

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