ELAN vs NEOG vs IDXX Stock Comparison

Elanco Animal Health, Neogen and Idexx Laboratories Prices as of Nov 5, 2026 Peers: Industry group
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NEOG Neogen Corp
$11.68 -2.3% 1M +88.1% 1Y
Market cap
$2.56B
P/E
–
Revenue (TTM)
$883.99M
Div. yield
–
Diagnostic Equipment Healthcare
1 win

Head to Head

10 decided of 12

Idexx Laboratories leads on 7 of the 12 questions below (Idexx Laboratories 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.

QuestionELANNEOGIDXXLeader
Larger companyMarket capitalisation $12.80B $2.56B $53.33B IDXX
Cheaper on earningsLower P/E, profitable companies only -64.3x -45.7x 45.1x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.7x 36.5x 42.6x ELAN
Faster revenue growthRevenue growth, trailing twelve months +12.0% -0.3% +11.9% ELAN
More profitableNet margin, trailing twelve months -4.0% -6.3% 25.4% IDXX
Better return on capitalReturn on invested capital 6.1% -0.2% 45.4% IDXX
Less leveragedLower net debt / EBITDA 2.5x 5.4x 0.4x IDXX
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +9.6% +88.1% -6.9% NEOG
Better 5-year returnAnnualised price return, 5 years -7.0%/yr -23.8%/yr +1.0%/yr IDXX
Less volatileAnnualised volatility, 1 year 42.8% 55.9% 35.9% IDXX
Higher overall scoreMean of the five percentile scores vs peers 66/100 58/100 76/100 IDXX

Percentile Scorecard

ELANNEOGIDXX

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

AxisELANNEOGIDXX
Valuation 94 #42 of 634 72 #65 of 229 74 #164 of 634
Growth 55 #272 of 608 49 #114 of 221 70 #182 of 608
Profitability 84 #92 of 557 60 #84 of 210 97 #16 of 557
Financial Health 31 #455 of 654 49 #122 of 240 47 #349 of 654
Shareholder Returns – 58 #62 of 147 92 #32 of 403
Overall 66 58 76
  • ELAN ranked among 671 companies in Pharmaceuticals and Biotechnology
  • NEOG ranked among 247 companies in Medical Devices and Diagnostics
  • IDXX 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

PeriodELANNEOGIDXXSPY
1 month +5.2%-2.3%+30.1% -5.9%
3 months -2.1%+3.4%+13.7% -4.6%
6 months -1.4%+26.3%+17.2% +0.2%
Year to date +4.6%+67.1%-0.9% +7.5%
1 year +9.6%+88.1%-6.9% +8.2%
3 years +152.9%-26.2%+58.6% +68.3%
3 years, per year +36.3%-9.6%+16.6% +19.0%
5 years -30.6%-74.2%+5.2% +56.5%
5 years, per year -7.0%-23.8%+1.0% +9.4%
10 years —-41.0%+531.5% +251.5%
10 years, per year —-5.1%+20.2% +13.4%

Risk

MeasureELANNEOGIDXXSPY
Volatility, 1Y 42.8%55.9%35.9% 13.6%
Downside volatility, 1Y 43.7%47.3%32.5% 14.2%
Beta vs S&P 500, 1Y 1.311.420.80 1.00
Return / volatility, 1Y 0.221.58-0.19 0.60
Max drawdown, 5Y -75.7%-90.6%-50.9% -25.4%
From 52-week high -11.8%-16.5%-12.5% -5.9%
52-week high $26.84$13.98$766.68 $779.14
52-week low $19.80$5.41$504.70 $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.

MultipleELANNEOGIDXX
P/E now vs peer median -59.4xmedian 17.8x -45.4xmedian 26.9x 44.7xmedian 17.8x
P/S now vs peer median 2.4xmedian 8.1x 2.9xmedian 2.9x 11.3xmedian 8.1x
EV/EBITDA now vs peer median 11.4xmedian 15.7x 28.4xmedian 17.5x 32.1xmedian 15.7x
P/FCF now vs peer median 31.2xmedian 21.0x 51.2xmedian 26.4x 40.5xmedian 21.0x
P/B now vs peer median 1.8xmedian 2.0x 1.2xmedian 2.3x 28.3xmedian 2.0x
PEG now vs peer median 3.02median 0.36 1.62median 0.88 2.95median 0.36

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 monthsELANNEOGIDXX
Revenue $5.02B $883.99M $4.66B
Gross profit $2.78B $418.98M $2.92B
Operating income $637.00M -$7.38M $1.51B
Net income -$199.00M -$56.10M $1.18B
Free cash flow $379.00M $49.80M $1.30B
R&D $371.00M $19.76M $266.87M
EPS (diluted) $-0.39 $-0.26 $14.96
Cash & equivalents $530.00M $172.00M $197.54M
Total debt $3.92B $774.20M $848.88M
Shares (diluted) 505.90M 218.10M 79.05M
Enterprise value $10.79B $1.90B $52.56B

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
MetricELANNEOGIDXX
P/E -59.4x -45.4x 44.7x
P/FCF 31.2x 51.2x 40.5x
P/Operating cash flow 19.2x 29.9x 37.2x
P/S 2.4x 2.9x 11.3x
P/B 1.8x 1.2x 28.3x
P/Tangible book 3.5x 3.2x 30.2x
EV/EBITDA 11.4x 28.4x 32.1x
EV/EBIT 23.9x -427.3x 35.5x
EV/Revenue 3.0x 3.6x 11.5x
EV/FCF 40.1x 63.3x 41.0x
EV/Operating cash flow 24.7x 37.0x 37.7x
PEG (3Y EPS CAGR) 3.02 1.62 2.95

Growth

14 metrics
MetricELANNEOGIDXX
Revenue growth (1Y) 12.0% -0.3% 11.9%
Revenue CAGR (3Y) 5.1% -1.3% 9.1%
Gross profit growth (1Y) 13.2% 1.8% 13.7%
Gross profit CAGR (3Y) 3.9% -3.1% 10.8%
Operating income growth (1Y) 22.0% 99.3% 15.3%
Operating income CAGR (3Y) 59.8% -29.0% 11.8%
Net income growth (1Y) -145.9% 94.6% 15.1%
Net income CAGR (3Y) -20.8% -28.3% 12.8%
EPS growth (1Y) -145.3% 94.6% 17.4%
EPS CAGR (3Y) -19.7% -28.0% 15.1%
Operating cash flow growth (1Y) 7.9% -1.9% 30.4%
Operating cash flow CAGR (3Y) 73.6% 2.9% 19.6%
Free cash flow growth (1Y) 5.0% 1,631% 35.3%
Free cash flow CAGR (3Y) 101.8% 126.1% 24.2%

Profitability

14 metrics
MetricELANNEOGIDXX
Gross margin 55.4% 47.4% 62.7%
EBITDA margin 26.5% 12.5% 35.7%
Operating margin 12.7% -0.8% 32.3%
Pretax margin -3.3% -7.7% 31.7%
Net margin -4.0% -6.3% 25.4%
FCF margin 7.5% 5.6% 28.0%
Operating cash flow margin 12.3% 9.6% 30.4%
Return on equity -3.0% -2.7% 67.9%
Return on assets -1.5% -1.7% 33.1%
Return on invested capital 6.1% -0.2% 45.4%
Return on capital employed 5.5% -0.2% 65.2%
Asset turnover 0.4x 0.3x 1.3x
Cash conversion (OCF / net income) -3.1x -1.5x 1.2x
Stock comp / revenue 1.5% 1.3% 1.4%

Financial Health

11 metrics
MetricELANNEOGIDXX
Debt / assets 28.9% 23.4% 22.9%
Debt / equity 0.6x 0.4x 0.5x
Net debt / EBITDA 2.5x 5.4x 0.4x
Debt / FCF 10.3x 15.5x 0.7x
Liabilities / assets 51.4% 36.8% 49.6%
Equity / assets 48.6% 63.2% 50.4%
Interest coverage 2.6x – 43.5x
Current ratio 2.1x 3.9x 1.2x
Quick ratio 0.9x 2.1x 0.7x
Cash ratio 0.3x 1.2x 0.2x
Altman Z-score 1.50 1.44 22.69

Shareholder Returns

7 metrics
MetricELANNEOGIDXX
Dividend yield – – –
Net buyback yield – -0.1% 1.8%
Shareholder yield – -0.1% 1.8%
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.

ConsensusELANNEOGIDXX
Forward P/E 21.7xFY2026 36.5xFY2026 42.6xFY2026
EPS, next fiscal year $1.09FY2026 $0.32FY2026 $15.74FY2026
EPS growth, next FY +16.0%FY2026 0.0%FY2026 +20.3%FY2026
EPS growth, the year after +23.9% +31.3% +12.5%
Revenue, next fiscal year $4.79BFY2026 $847.28MFY2026 $5.02BFY2026
Revenue growth, next FY +1.6%FY2026 -2.7%FY2026 +16.8%FY2026
Revenue growth, the year after +19.5% -1.5% +0.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersELANNEOGIDXX
Held by institutions 100.0% 100.0% 93.6%
Institutions holding 526 315 1,291
Change in shares held, QoQ +4.4% +1.6% +4.1%
Institutions buying 246 150 589
Institutions selling 211 106 496
Buyers to sellers 1.17 1.42 1.19

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.

ELANNEOGIDXX
ELAN 1.00 0.28 0.41
NEOG 0.28 1.00 0.23
IDXX 0.41 0.23 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, ELAN, NEOG and IDXX?

Idexx Laboratories (IDXX) is the largest by market capitalisation: Elanco Animal Health (ELAN) $12.80B, Neogen (NEOG) $2.56B, Idexx Laboratories (IDXX) $53.33B.

Which company is growing faster?

Elanco Animal Health (ELAN) grew revenue fastest over the trailing twelve months: Elanco Animal Health (ELAN) +12.0%, Neogen (NEOG) -0.3%, Idexx Laboratories (IDXX) +11.9%.

Which company is more profitable?

Idexx Laboratories (IDXX) has the highest net margin (Elanco Animal Health (ELAN) -4.0%, Neogen (NEOG) -6.3%, Idexx Laboratories (IDXX) 25.4%). On return on invested capital, Idexx Laboratories (IDXX) leads (Elanco Animal Health (ELAN) 6.1%, Neogen (NEOG) -0.2%, Idexx Laboratories (IDXX) 45.4%).

Which stock has performed better?

Over the past year Neogen (NEOG) returned the most: Elanco Animal Health (ELAN) +9.6%, Neogen (NEOG) +88.1%, Idexx Laboratories (IDXX) -6.9%. Over five years, Idexx Laboratories (IDXX) compounded fastest (Elanco Animal Health (ELAN) -7.0%/yr, Neogen (NEOG) -23.8%/yr, Idexx Laboratories (IDXX) +1.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Idexx Laboratories (IDXX) has been the steadiest (Elanco Animal Health (ELAN) 42.8%, Neogen (NEOG) 55.9%, Idexx Laboratories (IDXX) 35.9%). Volatility measures how widely the price swings, not the risk of the business.

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

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