ELAN vs PAHC vs IDXX Stock Comparison

Elanco Animal Health, Phibro Animal Health and Idexx Laboratories Prices as of Nov 2, 2026 Peers: Industry group

Head to Head

11 decided of 12

Idexx Laboratories leads on 6 of the 12 questions below (Idexx Laboratories 6, Phibro Animal Health 4, Elanco Animal Health 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionELANPAHCIDXXLeader
Larger companyMarket capitalisation $12.03B $1.57B $52.97B IDXX
Cheaper on earningsLower P/E, profitable companies only -60.4x 15.8x 46.5x PAHC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 22.1x 11.3x 43.0x PAHC
Faster revenue growthRevenue growth, trailing twelve months +12.0% +17.1% +12.8% PAHC
More profitableNet margin, trailing twelve months -4.0% 6.6% 25.0% IDXX
Better return on capitalReturn on invested capital 6.1% 14.2% 45.6% IDXX
Less leveragedLower net debt / EBITDA 2.5x 2.1x 0.5x IDXX
Higher dividend yieldTrailing dividend yield — 1.24% — –
Better 1-year returnPrice return, last 12 months +8.7% -7.9% +6.7% ELAN
Better 5-year returnAnnualised price return, 5 years -5.7%/yr +11.7%/yr +1.4%/yr PAHC
Less volatileAnnualised volatility, 1 year 42.4% 55.6% 35.5% IDXX
Higher overall scoreMean of the five percentile scores vs peers 66/100 68/100 77/100 IDXX

Percentile Scorecard

ELANPAHCIDXX

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

AxisELANPAHCIDXX
Valuation 93 #42 of 623 92 #51 of 623 74 #164 of 623
Growth 56 #266 of 601 85 #89 of 601 75 #149 of 601
Profitability 83 #93 of 553 85 #84 of 553 97 #17 of 553
Financial Health 33 #438 of 654 27 #479 of 654 46 #356 of 654
Shareholder Returns – 53 #174 of 367 93 #26 of 367
Overall 66 68 77
  • ELAN ranked among 671 companies in Pharmaceuticals and Biotechnology
  • PAHC ranked among 671 companies in Pharmaceuticals and Biotechnology
  • 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

PeriodELANPAHCIDXXSPY
1 month +8.8%+4.0%+29.6% -2.3%
3 months -6.3%+4.3%+18.3% -0.7%
6 months +7.0%-29.2%+19.3% +4.8%
Year to date +6.4%+3.7%-0.7% +10.3%
1 year +8.7%-7.9%+6.7% +10.3%
3 years +150.6%+213.9%+56.5% +73.0%
3 years, per year +35.9%+46.5%+16.1% +20.1%
5 years -25.3%+74.0%+7.3% +61.9%
5 years, per year -5.7%+11.7%+1.4% +10.1%
10 years —+44.8%+537.0% +258.6%
10 years, per year —+3.8%+20.3% +13.6%

Risk

MeasureELANPAHCIDXXSPY
Volatility, 1Y 42.4%55.6%35.5% 12.8%
Downside volatility, 1Y 42.9%59.8%31.8% 12.8%
Beta vs S&P 500, 1Y 1.270.740.75 1.00
Return / volatility, 1Y 0.21-0.140.19 0.80
Max drawdown, 5Y -76.3%-57.9%-50.9% -25.4%
From 52-week high -10.3%-35.0%-12.4% -3.5%
52-week high $26.84$59.58$766.68 $779.14
52-week low $19.80$28.52$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.

MultipleELANPAHCIDXX
P/E now vs peer median -60.4xmedian 17.4x 15.8xmedian 17.4x 46.5xmedian 17.4x
P/S now vs peer median 2.4xmedian 8.9x 1.0xmedian 8.9x 11.6xmedian 8.9x
EV/EBITDA now vs peer median 11.6xmedian 17.0x 8.3xmedian 17.0x 33.3xmedian 17.0x
P/FCF now vs peer median 31.7xmedian 21.4x 159.2xmedian 21.4x 42.2xmedian 21.4x
P/B now vs peer median 1.8xmedian 2.1x 4.1xmedian 2.1x 32.9xmedian 2.1x
PEG now vs peer median 3.07median 0.35 0.35median 0.35 3.08median 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 monthsELANPAHCIDXX
Revenue $5.02B $1.52B $4.55B
Gross profit $2.78B $512.52M $2.84B
Operating income $637.00M $194.40M $1.46B
Net income -$199.00M $99.72M $1.14B
Free cash flow $379.00M $9.87M $1.25B
R&D $371.00M – $261.47M
EPS (diluted) $-0.39 $2.43 $14.37
Cash & equivalents $530.00M $61.42M $196.93M
Total debt $3.92B $616.79M $968.86M
Shares (diluted) 505.90M 40.96M 79.31M
Enterprise value $10.02B $1.25B $52.19B

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
MetricELANPAHCIDXX
P/E -60.4x 15.8x 46.5x
P/FCF 31.7x 159.2x 42.2x
P/Operating cash flow 19.5x 22.8x 38.6x
P/S 2.4x 1.0x 11.6x
P/B 1.8x 4.1x 32.9x
P/Tangible book 3.6x 4.4x 35.0x
EV/EBITDA 11.6x 8.3x 33.3x
EV/EBIT 24.2x 10.8x 36.8x
EV/Revenue 3.1x 1.4x 11.8x
EV/FCF 40.7x 213.4x 42.8x
EV/Operating cash flow 25.0x 30.5x 39.2x
PEG (3Y EPS CAGR) 3.07 0.35 3.08

Growth

14 metrics
MetricELANPAHCIDXX
Revenue growth (1Y) 12.0% 17.1% 12.8%
Revenue CAGR (3Y) 5.1% 15.8% 9.0%
Gross profit growth (1Y) 13.2% 28.1% 14.4%
Gross profit CAGR (3Y) 3.9% 19.8% 10.5%
Operating income growth (1Y) 22.0% 76.0% 16.2%
Operating income CAGR (3Y) 59.8% 39.3% 11.7%
Net income growth (1Y) -145.9% 106.6% 15.6%
Net income CAGR (3Y) -20.8% 45.2% 12.9%
EPS growth (1Y) -145.3% 105.2% 18.1%
EPS CAGR (3Y) -19.7% 44.6% 15.1%
Operating cash flow growth (1Y) 7.9% -13.9% 51.4%
Operating cash flow CAGR (3Y) 73.6% 73.0% 22.5%
Free cash flow growth (1Y) 5.0% -76.4% 59.9%
Free cash flow CAGR (3Y) 101.8% 31.2% 28.4%

Profitability

14 metrics
MetricELANPAHCIDXX
Gross margin 55.4% 33.8% 62.4%
EBITDA margin 26.5% 16.8% 35.4%
Operating margin 12.7% 12.8% 32.0%
Pretax margin -3.3% 9.0% 31.3%
Net margin -4.0% 6.6% 25.0%
FCF margin 7.5% 0.6% 27.5%
Operating cash flow margin 12.3% 4.5% 30.1%
Return on equity -3.0% 26.7% 71.9%
Return on assets -1.5% 6.8% 33.4%
Return on invested capital 6.1% 14.2% 45.6%
Return on capital employed 5.5% 16.8% 68.6%
Asset turnover 0.4x 1.0x 1.3x
Cash conversion (OCF / net income) -3.1x 0.7x 1.2x
Stock comp / revenue 1.5% 0.1% 1.4%

Financial Health

11 metrics
MetricELANPAHCIDXX
Debt / assets 28.9% 41.1% 28.1%
Debt / equity 0.6x 1.6x 0.6x
Net debt / EBITDA 2.5x 2.1x 0.5x
Debt / FCF 10.3x 62.5x 0.8x
Liabilities / assets 51.4% 74.3% 53.2%
Equity / assets 48.6% 25.7% 46.8%
Interest coverage 2.6x 4.2x 38.6x
Current ratio 2.1x 3.0x 1.2x
Quick ratio 0.9x 1.1x 0.7x
Cash ratio 0.3x 0.3x 0.2x
Altman Z-score 1.52 3.11 23.02

Shareholder Returns

7 metrics
MetricELANPAHCIDXX
Dividend yield – 1.2% –
Net buyback yield – – 2.0%
Shareholder yield – 1.2% 2.0%
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.

ConsensusELANPAHCIDXX
Forward P/E 22.1xFY2026 11.3xFY2027 43.0xFY2026
EPS, next fiscal year $1.09FY2026 $3.42FY2027 $15.63FY2026
EPS growth, next FY +16.0%FY2026 +6.2%FY2027 +19.5%FY2026
EPS growth, the year after +23.9% +9.6% +12.9%
Revenue, next fiscal year $4.79BFY2026 $1.53BFY2027 $5.00BFY2026
Revenue growth, next FY +1.6%FY2026 +0.6%FY2027 +16.3%FY2026
Revenue growth, the year after +19.7% -0.2% +0.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersELANPAHCIDXX
Held by institutions 100.0% 99.1% 93.6%
Institutions holding 525 210 1,291
Change in shares held, QoQ +4.4% +3.0% +4.1%
Institutions buying 246 117 589
Institutions selling 211 75 496
Buyers to sellers 1.17 1.56 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.

ELANPAHCIDXX
ELAN 1.00 0.50 0.39
PAHC 0.50 1.00 0.26
IDXX 0.39 0.26 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ELAN, PAHC and IDXX?

Idexx Laboratories (IDXX) is the largest by market capitalisation: Elanco Animal Health (ELAN) $12.03B, Phibro Animal Health (PAHC) $1.57B, Idexx Laboratories (IDXX) $52.97B.

Which stock is cheaper, ELAN, PAHC and IDXX?

Phibro Animal Health (PAHC) trades on the lowest price-to-earnings ratio (Elanco Animal Health (ELAN) -60.4x, Phibro Animal Health (PAHC) 15.8x, Idexx Laboratories (IDXX) 46.5x). On next year's consensus earnings, Phibro Animal Health (PAHC) is cheapest (Elanco Animal Health (ELAN) 22.1x, Phibro Animal Health (PAHC) 11.3x, Idexx Laboratories (IDXX) 43.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Phibro Animal Health (PAHC) grew revenue fastest over the trailing twelve months: Elanco Animal Health (ELAN) +12.0%, Phibro Animal Health (PAHC) +17.1%, Idexx Laboratories (IDXX) +12.8%.

Which company is more profitable?

Idexx Laboratories (IDXX) has the highest net margin (Elanco Animal Health (ELAN) -4.0%, Phibro Animal Health (PAHC) 6.6%, Idexx Laboratories (IDXX) 25.0%). On return on invested capital, Idexx Laboratories (IDXX) leads (Elanco Animal Health (ELAN) 6.1%, Phibro Animal Health (PAHC) 14.2%, Idexx Laboratories (IDXX) 45.6%).

Which stock has performed better?

Over the past year Elanco Animal Health (ELAN) returned the most: Elanco Animal Health (ELAN) +8.7%, Phibro Animal Health (PAHC) -7.9%, Idexx Laboratories (IDXX) +6.7%. Over five years, Phibro Animal Health (PAHC) compounded fastest (Elanco Animal Health (ELAN) -5.7%/yr, Phibro Animal Health (PAHC) +11.7%/yr, Idexx Laboratories (IDXX) +1.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Phibro Animal Health (PAHC) 1.24%. Elanco Animal Health (ELAN) and Idexx Laboratories (IDXX) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Idexx Laboratories (IDXX) has been the steadiest (Elanco Animal Health (ELAN) 42.4%, Phibro Animal Health (PAHC) 55.6%, Idexx Laboratories (IDXX) 35.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ELAN, PAHC 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 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.