ELAN vs NEOG vs BFLY Stock Comparison

Elanco Animal Health, Neogen and Butterfly Network Prices as of Oct 26, 2026 Peers: Industry group
NEOG Neogen Corp
$12.21 -11.3% 1M +97.3% 1Y
Market cap
$2.70B
P/E
–
Revenue (TTM)
$883.99M
Div. yield
–
Diagnostic Equipment Healthcare
BFLY Butterfly Network, Inc.
$6.65 -29.2% 1M +198.2% 1Y
Market cap
$1.87B
P/E
–
Revenue (TTM)
$112.15M
Div. yield
–
Diagnostic Equipment Healthcare
2 wins

Head to Head

10 decided of 12

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

QuestionELANNEOGBFLYLeader
Larger companyMarket capitalisation $11.40B $2.70B $1.87B ELAN
Cheaper on earningsLower P/E, profitable companies only -57.3x -48.2x -25.0x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 20.9x 38.2x — ELAN
Faster revenue growthRevenue growth, trailing twelve months +12.0% -0.3% +28.1% BFLY
More profitableNet margin, trailing twelve months -4.0% -6.3% -66.7% ELAN
Better return on capitalReturn on invested capital 6.1% -0.2% — ELAN
Less leveragedLower net debt / EBITDA 2.5x 5.4x — ELAN
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +4.2% +97.3% +198.2% BFLY
Better 5-year returnAnnualised price return, 5 years -7.2%/yr -21.6%/yr -8.0%/yr ELAN
Less volatileAnnualised volatility, 1 year 42.3% 55.7% 114.6% ELAN
Higher overall scoreMean of the five percentile scores vs peers 66/100 57/100 44/100 ELAN

Percentile Scorecard

ELANNEOGBFLY

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

AxisELANNEOGBFLY
Valuation 94 #41 of 626 73 #63 of 228 29 #163 of 228
Growth 56 #266 of 604 49 #114 of 221 68 #72 of 221
Profitability 83 #94 of 555 61 #81 of 208 31 #143 of 208
Financial Health 33 #444 of 658 46 #129 of 239 60 #96 of 239
Shareholder Returns – 57 #59 of 137 35 #90 of 137
Overall 66 57 44
  • ELAN ranked among 673 companies in Pharmaceuticals and Biotechnology
  • NEOG ranked among 248 companies in Medical Devices and Diagnostics
  • BFLY 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

PeriodELANNEOGBFLYSPY
1 month +2.9%-11.3%-29.2% -0.8%
3 months -9.6%+30.7%-6.2% +3.5%
6 months +4.0%+29.2%+21.4% +7.0%
Year to date +1.5%+74.7%+75.0% +12.2%
1 year +4.2%+97.3%+198.2% +13.0%
3 years +159.5%-20.3%+741.8% +86.3%
3 years, per year +37.5%-7.3%+103.5% +23.1%
5 years -31.0%-70.3%-34.2% +68.6%
5 years, per year -7.2%-21.6%-8.0% +11.0%
10 years —-36.4%— +258.0%
10 years, per year —-4.4%— +13.6%

Risk

MeasureELANNEOGBFLYSPY
Volatility, 1Y 42.3%55.7%114.6% 12.7%
Downside volatility, 1Y 43.0%46.5%91.7% 12.7%
Beta vs S&P 500, 1Y 1.311.442.97 1.00
Return / volatility, 1Y 0.101.751.73 1.02
Max drawdown, 5Y -76.3%-90.6%-93.4% -25.4%
From 52-week high -14.4%-12.7%-33.1% -1.8%
52-week high $26.84$13.98$9.94 $779.14
52-week low $19.80$5.41$1.97 $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.

MultipleELANNEOGBFLY
P/E now vs peer median -57.7xmedian 17.1x -47.5xmedian 30.6x -23.3xmedian 30.6x
P/S now vs peer median 2.3xmedian 8.8x 3.0xmedian 3.0x 14.1xmedian 3.0x
EV/EBITDA now vs peer median 11.2xmedian 17.1x 29.5xmedian 17.5x -20.2xmedian 17.5x
P/FCF now vs peer median 30.3xmedian 18.0x 53.5xmedian 23.3x -56.4xmedian 23.3x
P/B now vs peer median 1.7xmedian 2.1x 1.3xmedian 2.4x 8.4xmedian 2.4x
PEG now vs peer median 2.93median 0.31 1.69median 0.87 -0.86median 0.87

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 monthsELANNEOGBFLY
Revenue $5.02B $883.99M $112.15M
Gross profit $2.78B $418.98M $59.04M
Operating income $637.00M -$7.38M -$79.38M
Net income -$199.00M -$56.10M -$74.85M
Free cash flow $379.00M $49.80M -$28.04M
R&D $371.00M $19.76M $38.10M
EPS (diluted) $-0.39 $-0.26 $-0.29
Cash & equivalents $530.00M $172.00M $124.66M
Total debt $3.92B $774.20M –
Shares (diluted) 505.90M 218.10M 262.10M
Enterprise value $9.40B $2.04B $1.31B

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
MetricELANNEOGBFLY
P/E -57.7x -47.5x -23.3x
P/FCF 30.3x 53.5x -56.4x
P/Operating cash flow 18.6x 31.2x -65.9x
P/S 2.3x 3.0x 14.1x
P/B 1.7x 1.3x 8.4x
P/Tangible book 3.4x 3.4x 8.7x
EV/EBITDA 11.2x 29.5x -20.2x
EV/EBIT 23.3x -443.0x -18.4x
EV/Revenue 3.0x 3.7x 13.0x
EV/FCF 39.2x 65.6x -52.0x
EV/Operating cash flow 24.1x 38.3x -60.7x
PEG (3Y EPS CAGR) 2.93 1.69 -0.86

Growth

14 metrics
MetricELANNEOGBFLY
Revenue growth (1Y) 12.0% -0.3% 28.1%
Revenue CAGR (3Y) 5.1% -1.3% 15.6%
Gross profit growth (1Y) 13.2% 1.8% 8.8%
Gross profit CAGR (3Y) 3.9% -3.1% 13.3%
Operating income growth (1Y) 22.0% 99.3% -14.8%
Operating income CAGR (3Y) 59.8% -29.0% 21.1%
Net income growth (1Y) -145.9% 94.6% -19.1%
Net income CAGR (3Y) -20.8% -28.3% 20.8%
EPS growth (1Y) -145.3% 94.6% -12.9%
EPS CAGR (3Y) -19.7% -28.0% 27.0%
Operating cash flow growth (1Y) 7.9% -1.9% 19.6%
Operating cash flow CAGR (3Y) 73.6% 2.9% 44.5%
Free cash flow growth (1Y) 5.0% 1,631% 12.2%
Free cash flow CAGR (3Y) 101.8% 126.1% 42.8%

Profitability

14 metrics
MetricELANNEOGBFLY
Gross margin 55.4% 47.4% 52.6%
EBITDA margin 26.5% 12.5% -64.4%
Operating margin 12.7% -0.8% -70.8%
Pretax margin -3.3% -7.7% -66.7%
Net margin -4.0% -6.3% -66.7%
FCF margin 7.5% 5.6% -25.0%
Operating cash flow margin 12.3% 9.6% -21.4%
Return on equity -3.0% -2.7% -39.3%
Return on assets -1.5% -1.7% -26.3%
Return on invested capital 6.1% -0.2% –
Return on capital employed 5.5% -0.2% -35.1%
Asset turnover 0.4x 0.3x 0.4x
Cash conversion (OCF / net income) -3.1x -1.5x 0.3x
Stock comp / revenue 1.5% 1.3% 21.3%

Financial Health

11 metrics
MetricELANNEOGBFLY
Debt / assets 28.9% 23.4% –
Debt / equity 0.6x 0.4x –
Net debt / EBITDA 2.5x 5.4x –
Debt / FCF 10.3x 15.5x –
Liabilities / assets 51.4% 36.8% 33.1%
Equity / assets 48.6% 63.2% 66.9%
Interest coverage 2.6x – -59.4x
Current ratio 2.1x 3.9x 4.1x
Quick ratio 0.9x 2.1x 2.7x
Cash ratio 0.3x 1.2x 2.1x
Altman Z-score 1.47 1.50 5.90

Shareholder Returns

7 metrics
MetricELANNEOGBFLY
Dividend yield – – –
Net buyback yield – -0.1% -0.5%
Shareholder yield – -0.1% -0.5%
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.

ConsensusELANNEOGBFLY
Forward P/E 20.9xFY2026 38.2xFY2026 –
EPS, next fiscal year $1.10FY2026 $0.32FY2026 $-0.10FY2026
EPS growth, next FY +17.0%FY2026 0.0%FY2026 –
EPS growth, the year after +23.6% +31.3% –
Revenue, next fiscal year $4.79BFY2026 $847.28MFY2026 $114.50MFY2026
Revenue growth, next FY +1.6%FY2026 -2.7%FY2026 +17.3%FY2026
Revenue growth, the year after +19.7% -1.5% +26.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersELANNEOGBFLY
Held by institutions 100.0% 100.0% 59.9%
Institutions holding 523 315 245
Change in shares held, QoQ +4.4% +1.6% +13.9%
Institutions buying 246 151 143
Institutions selling 209 106 59
Buyers to sellers 1.18 1.42 2.42

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.

ELANNEOGBFLY
ELAN 1.00 0.26 0.16
NEOG 0.26 1.00 0.25
BFLY 0.16 0.25 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ELAN, NEOG and BFLY?

Elanco Animal Health (ELAN) is the largest by market capitalisation: Elanco Animal Health (ELAN) $11.40B, Neogen (NEOG) $2.70B, Butterfly Network (BFLY) $1.87B.

Which company is growing faster?

Butterfly Network (BFLY) grew revenue fastest over the trailing twelve months: Elanco Animal Health (ELAN) +12.0%, Neogen (NEOG) -0.3%, Butterfly Network (BFLY) +28.1%.

Which company is more profitable?

Elanco Animal Health (ELAN) has the highest net margin (Elanco Animal Health (ELAN) -4.0%, Neogen (NEOG) -6.3%, Butterfly Network (BFLY) -66.7%). On return on invested capital, Elanco Animal Health (ELAN) leads (Elanco Animal Health (ELAN) 6.1%, Neogen (NEOG) -0.2%).

Which stock has performed better?

Over the past year Butterfly Network (BFLY) returned the most: Elanco Animal Health (ELAN) +4.2%, Neogen (NEOG) +97.3%, Butterfly Network (BFLY) +198.2%. Over five years, Elanco Animal Health (ELAN) compounded fastest (Elanco Animal Health (ELAN) -7.2%/yr, Neogen (NEOG) -21.6%/yr, Butterfly Network (BFLY) -8.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Elanco Animal Health (ELAN) has been the steadiest (Elanco Animal Health (ELAN) 42.3%, Neogen (NEOG) 55.7%, Butterfly Network (BFLY) 114.6%). Volatility measures how widely the price swings, not the risk of the business.

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

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