ELAN vs PAHC vs BFLY Stock Comparison

Elanco Animal Health, Phibro Animal Health and Butterfly Network Prices as of Oct 28, 2026 Peers: Industry group
BFLY Butterfly Network, Inc.
$7.82 -14.5% 1M +253.8% 1Y
Market cap
$1.86B
P/E
–
Revenue (TTM)
$112.15M
Div. yield
–
Diagnostic Equipment Healthcare
2 wins

Head to Head

10 decided of 12

Phibro Animal Health leads on 6 of the 12 questions below (Phibro Animal Health 6, Elanco Animal Health 2, Butterfly Network 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionELANPAHCBFLYLeader
Larger companyMarket capitalisation $11.31B $1.54B $1.86B ELAN
Cheaper on earningsLower P/E, profitable companies only -56.9x 15.4x -27.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 20.8x 11.1x — PAHC
Faster revenue growthRevenue growth, trailing twelve months +12.0% +17.1% +28.1% BFLY
More profitableNet margin, trailing twelve months -4.0% 6.6% -66.7% PAHC
Better return on capitalReturn on invested capital 6.1% 14.2% — PAHC
Less leveragedLower net debt / EBITDA 2.5x 2.1x — PAHC
Higher dividend yieldTrailing dividend yield — 1.27% — –
Better 1-year returnPrice return, last 12 months +2.4% -9.1% +253.8% BFLY
Better 5-year returnAnnualised price return, 5 years -7.2%/yr +11.5%/yr -5.4%/yr PAHC
Less volatileAnnualised volatility, 1 year 42.3% 55.5% 115.0% ELAN
Higher overall scoreMean of the five percentile scores vs peers 67/100 68/100 45/100 PAHC

Percentile Scorecard

ELANPAHCBFLY

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

AxisELANPAHCBFLY
Valuation 94 #38 of 625 92 #52 of 625 29 #161 of 227
Growth 56 #264 of 602 85 #90 of 602 67 #72 of 219
Profitability 84 #91 of 549 85 #81 of 549 33 #138 of 205
Financial Health 32 #443 of 654 26 #485 of 654 61 #92 of 237
Shareholder Returns – 54 #171 of 367 37 #86 of 135
Overall 67 68 45
  • ELAN ranked among 672 companies in Pharmaceuticals and Biotechnology
  • PAHC ranked among 672 companies in Pharmaceuticals and Biotechnology
  • BFLY ranked among 247 companies in Medical Devices and Diagnostics

Price Performance

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

Returns

PeriodELANPAHCBFLYSPY
1 month +0.9%+6.1%-14.5% +0.9%
3 months -14.1%+2.5%+10.3% +5.9%
6 months +3.9%-27.8%+58.9% +8.5%
Year to date +0.1%+1.4%+105.8% +13.3%
1 year +2.4%-9.1%+253.8% +12.4%
3 years +155.9%+251.7%+889.9% +88.1%
3 years, per year +36.8%+52.1%+114.8% +23.5%
5 years -31.1%+72.7%-24.2% +68.2%
5 years, per year -7.2%+11.5%-5.4% +11.0%
10 years —+45.4%— +263.4%
10 years, per year —+3.8%— +13.8%

Risk

MeasureELANPAHCBFLYSPY
Volatility, 1Y 42.3%55.5%115.0% 12.7%
Downside volatility, 1Y 42.8%59.8%91.7% 12.7%
Beta vs S&P 500, 1Y 1.300.753.01 1.00
Return / volatility, 1Y 0.06-0.162.21 0.98
Max drawdown, 5Y -76.3%-57.9%-93.4% -25.4%
From 52-week high -15.6%-36.4%-21.3% -0.9%
52-week high $26.84$59.58$9.94 $779.14
52-week low $19.80$28.52$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.

MultipleELANPAHCBFLY
P/E now vs peer median -56.9xmedian 17.4x 15.4xmedian 17.4x -27.4xmedian 28.8x
P/S now vs peer median 2.3xmedian 9.1x 1.0xmedian 9.1x 16.6xmedian 3.0x
EV/EBITDA now vs peer median 11.1xmedian 17.1x 8.1xmedian 17.1x -24.0xmedian 17.4x
P/FCF now vs peer median 29.9xmedian 19.0x 155.7xmedian 19.0x -66.4xmedian 25.7x
P/B now vs peer median 1.7xmedian 2.2x 4.0xmedian 2.2x 9.8xmedian 2.4x
PEG now vs peer median 2.89median 0.34 0.35median 0.34 -1.01median 1.03

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 monthsELANPAHCBFLY
Revenue $5.02B $1.52B $112.15M
Gross profit $2.78B $512.52M $59.04M
Operating income $637.00M $194.40M -$79.38M
Net income -$199.00M $99.72M -$74.85M
Free cash flow $379.00M $9.87M -$28.04M
R&D $371.00M – $38.10M
EPS (diluted) $-0.39 $2.43 $-0.29
Cash & equivalents $530.00M $61.42M $124.66M
Total debt $3.92B $2.49B –
Shares (diluted) 505.90M 40.96M 262.10M
Enterprise value $9.31B $1.22B $1.30B

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
MetricELANPAHCBFLY
P/E -56.9x 15.4x -27.4x
P/FCF 29.9x 155.7x -66.4x
P/Operating cash flow 18.3x 22.3x -77.5x
P/S 2.3x 1.0x 16.6x
P/B 1.7x 4.0x 9.8x
P/Tangible book 3.3x 4.3x 10.2x
EV/EBITDA 11.1x 8.1x -24.0x
EV/EBIT 23.1x 10.7x -21.9x
EV/Revenue 2.9x 1.4x 15.5x
EV/FCF 38.8x 209.9x -61.9x
EV/Operating cash flow 23.8x 30.0x -72.3x
PEG (3Y EPS CAGR) 2.89 0.35 -1.01

Growth

14 metrics
MetricELANPAHCBFLY
Revenue growth (1Y) 12.0% 17.1% 28.1%
Revenue CAGR (3Y) 5.1% 15.8% 15.6%
Gross profit growth (1Y) 13.2% 28.1% 8.8%
Gross profit CAGR (3Y) 3.9% 19.8% 13.3%
Operating income growth (1Y) 22.0% 76.0% -14.8%
Operating income CAGR (3Y) 59.8% 39.3% 21.1%
Net income growth (1Y) -145.9% 106.6% -19.1%
Net income CAGR (3Y) -20.8% 45.2% 20.8%
EPS growth (1Y) -145.3% 105.2% -12.9%
EPS CAGR (3Y) -19.7% 44.6% 27.0%
Operating cash flow growth (1Y) 7.9% -13.9% 19.6%
Operating cash flow CAGR (3Y) 73.6% 73.0% 44.5%
Free cash flow growth (1Y) 5.0% -76.4% 12.2%
Free cash flow CAGR (3Y) 101.8% 31.2% 42.8%

Profitability

14 metrics
MetricELANPAHCBFLY
Gross margin 55.4% 33.8% 52.6%
EBITDA margin 26.5% 16.8% -64.4%
Operating margin 12.7% 12.8% -70.8%
Pretax margin -3.3% 9.0% -66.7%
Net margin -4.0% 6.6% -66.7%
FCF margin 7.5% 0.6% -25.0%
Operating cash flow margin 12.3% 4.5% -21.4%
Return on equity -3.0% 26.7% -39.3%
Return on assets -1.5% 6.8% -26.3%
Return on invested capital 6.1% 14.2% –
Return on capital employed 5.5% 16.8% -35.1%
Asset turnover 0.4x 1.0x 0.4x
Cash conversion (OCF / net income) -3.1x 0.7x 0.3x
Stock comp / revenue 1.5% 0.1% 21.3%

Financial Health

11 metrics
MetricELANPAHCBFLY
Debt / assets 28.9% 41.1% –
Debt / equity 0.6x 1.6x –
Net debt / EBITDA 2.5x 2.1x –
Debt / FCF 10.3x 62.5x –
Liabilities / assets 51.4% 74.3% 33.1%
Equity / assets 48.6% 25.7% 66.9%
Interest coverage 2.6x 4.2x -59.4x
Current ratio 2.1x 3.0x 4.1x
Quick ratio 0.9x 1.1x 2.7x
Cash ratio 0.3x 0.3x 2.1x
Altman Z-score 1.46 3.09 7.69

Shareholder Returns

7 metrics
MetricELANPAHCBFLY
Dividend yield – 1.3% –
Net buyback yield – – -0.4%
Shareholder yield – 1.3% -0.4%
Payout ratio (earnings) – 19.5% –
Payout ratio (FCF) – 197.3% –
Dividend growth (1Y) – 0.1% –
Dividend CAGR (3Y) – 0.0% –

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.

ConsensusELANPAHCBFLY
Forward P/E 20.8xFY2026 11.1xFY2027 –
EPS, next fiscal year $1.09FY2026 $3.42FY2027 $-0.10FY2026
EPS growth, next FY +16.0%FY2026 +6.2%FY2027 –
EPS growth, the year after +23.9% +9.6% –
Revenue, next fiscal year $4.79BFY2026 $1.53BFY2027 $114.50MFY2026
Revenue growth, next FY +1.6%FY2026 +0.6%FY2027 +17.3%FY2026
Revenue growth, the year after +19.7% -0.2% +26.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersELANPAHCBFLY
Held by institutions 100.0% 51.5% 59.9%
Institutions holding 523 208 245
Change in shares held, QoQ +4.4% +3.1% +13.9%
Institutions buying 246 117 143
Institutions selling 209 73 59
Buyers to sellers 1.18 1.60 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.

ELANPAHCBFLY
ELAN 1.00 0.50 0.16
PAHC 0.50 1.00 0.12
BFLY 0.16 0.12 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ELAN, PAHC and BFLY?

Elanco Animal Health (ELAN) is the largest by market capitalisation: Elanco Animal Health (ELAN) $11.31B, Phibro Animal Health (PAHC) $1.54B, Butterfly Network (BFLY) $1.86B.

Which company is growing faster?

Butterfly Network (BFLY) grew revenue fastest over the trailing twelve months: Elanco Animal Health (ELAN) +12.0%, Phibro Animal Health (PAHC) +17.1%, Butterfly Network (BFLY) +28.1%.

Which company is more profitable?

Phibro Animal Health (PAHC) has the highest net margin (Elanco Animal Health (ELAN) -4.0%, Phibro Animal Health (PAHC) 6.6%, Butterfly Network (BFLY) -66.7%). On return on invested capital, Phibro Animal Health (PAHC) leads (Elanco Animal Health (ELAN) 6.1%, Phibro Animal Health (PAHC) 14.2%).

Which stock has performed better?

Over the past year Butterfly Network (BFLY) returned the most: Elanco Animal Health (ELAN) +2.4%, Phibro Animal Health (PAHC) -9.1%, Butterfly Network (BFLY) +253.8%. Over five years, Phibro Animal Health (PAHC) compounded fastest (Elanco Animal Health (ELAN) -7.2%/yr, Phibro Animal Health (PAHC) +11.5%/yr, Butterfly Network (BFLY) -5.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Phibro Animal Health (PAHC) 1.27%. Elanco Animal Health (ELAN) and Butterfly Network (BFLY) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Elanco Animal Health (ELAN) has been the steadiest (Elanco Animal Health (ELAN) 42.3%, Phibro Animal Health (PAHC) 55.5%, Butterfly Network (BFLY) 115.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ELAN, PAHC 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, Phibro Animal Health (PAHC) leads on 6. 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.