FENC vs ALVO vs ANIP Stock Comparison

Fennec Pharmaceuticals, Alvotech and Ani Pharmaceuticals Prices as of Oct 29, 2026 Peers: Industry group
ALVO Alvotech
$4.89 -17.4% 1M -38.1% 1Y
Market cap
$1.53B
P/E
–
Revenue (TTM)
$105.94M
Div. yield
–
Generic Drugs Healthcare
ANIP Ani Pharmaceuticals Inc
$73.16 +0.7% 1M -20.7% 1Y
Market cap
$1.75B
P/E
14.3x
Revenue (TTM)
$978.38M
Div. yield
–
Generic Drugs Healthcare
8 wins

Head to Head

10 decided of 12

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

QuestionFENCALVOANIPLeader
Larger companyMarket capitalisation $383.62M $1.53B $1.75B ANIP
Cheaper on earningsLower P/E, profitable companies only -57.3x -5.4x 14.3x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 37.8x — 7.5x ANIP
Faster revenue growthRevenue growth, trailing twelve months +61.4% -74.3% +30.9% FENC
More profitableNet margin, trailing twelve months -12.3% -248.0% 11.0% ANIP
Better return on capitalReturn on invested capital — 4.4% 12.9% ANIP
Less leveragedLower net debt / EBITDA — 13.1x -0.2x ANIP
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months +29.3% -38.1% -20.7% FENC
Better 5-year returnAnnualised price return, 5 years +3.4%/yr -13.2%/yr +14.4%/yr ANIP
Less volatileAnnualised volatility, 1 year 64.1% 81.7% 32.1% ANIP
Higher overall scoreMean of the five percentile scores vs peers 73/100 48/100 84/100 ANIP

Percentile Scorecard

FENCALVOANIP

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

AxisFENCALVOANIP
Valuation 58 #265 of 624 72 #173 of 624 96 #24 of 624
Growth 94 #40 of 601 34 #395 of 601 97 #17 of 601
Profitability 85 #84 of 541 69 #170 of 541 90 #55 of 541
Financial Health 57 #277 of 647 15 #549 of 647 45 #358 of 647
Shareholder Returns – – 91 #32 of 359
Overall 73 48 84
  • FENC ranked among 671 companies in Pharmaceuticals and Biotechnology
  • ALVO ranked among 671 companies in Pharmaceuticals and Biotechnology
  • ANIP 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

PeriodFENCALVOANIPSPY
1 month +1.4%-17.4%+0.7% +0.7%
3 months +10.5%+37.0%-9.0% +3.7%
6 months +68.7%+46.4%-7.9% +7.1%
Year to date +42.2%-4.7%-7.3% +12.8%
1 year +29.3%-38.1%-20.7% +11.9%
3 years +59.2%-43.8%+20.9% +85.2%
3 years, per year +16.8%-17.5%+6.5% +22.8%
5 years +18.3%-50.6%+95.7% +67.6%
5 years, per year +3.4%-13.2%+14.4% +10.9%
10 years +444.8%—+21.3% +262.0%
10 years, per year +18.5%—+1.9% +13.7%

Risk

MeasureFENCALVOANIPSPY
Volatility, 1Y 64.1%81.7%32.1% 12.7%
Downside volatility, 1Y 59.9%86.0%31.7% 12.6%
Beta vs S&P 500, 1Y 1.330.750.25 1.00
Return / volatility, 1Y 0.46-0.47-0.64 0.94
Max drawdown, 5Y -65.6%-82.6%-59.4% -25.4%
From 52-week high -14.3%-38.1%-22.6% -1.2%
52-week high $12.78$7.90$94.48 $779.14
52-week low $5.77$3.00$70.16 $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.

MultipleFENCALVOANIP
P/E now vs peer median -57.3xmedian 17.8x -5.4xmedian 17.8x 14.3xmedian 17.8x
P/S now vs peer median 7.1xmedian 9.1x 14.4xmedian 9.1x 1.8xmedian 9.1x
EV/EBITDA now vs peer median —median 15.0x 30.3xmedian 15.0x 7.1xmedian 15.0x
P/FCF now vs peer median —median 21.7x -5.8xmedian 21.7x 10.1xmedian 21.7x
P/B now vs peer median 9.0xmedian 2.2x -8.0xmedian 2.2x 2.9xmedian 2.2x
PEG now vs peer median -1.34median 0.35 -0.22median 0.35 0.10median 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 monthsFENCALVOANIP
Revenue $53.77M $105.94M $978.38M
Gross profit $49.65M $7.66M $590.98M
Operating income -$3.74M $47.54M $150.36M
Net income -$6.60M -$179.60M $108.31M
Free cash flow – -$261.39M $172.99M
R&D $274.00K $46.37M $49.91M
EPS (diluted) $-0.18 $-0.90 $4.93
Cash & equivalents $41.25M $142.80M $360.21M
Total debt – $1.31B $301.48M
Shares (diluted) 36.43M 291.34M 21.92M
Enterprise value $264.93M $1.09B $525.50M

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
MetricFENCALVOANIP
P/E -57.3x -5.4x 14.3x
P/FCF – -5.8x 10.1x
P/Operating cash flow – -7.7x 9.2x
P/S 7.1x 14.4x 1.8x
P/B 9.0x -8.0x 2.9x
P/Tangible book 9.0x -4.6x 11.8x
EV/EBITDA – 30.3x 7.1x
EV/EBIT -91.6x 56.6x 11.2x
EV/Revenue 6.4x 25.4x 1.7x
EV/FCF – -10.3x 9.7x
EV/Operating cash flow – -13.5x 8.9x
PEG (3Y EPS CAGR) -1.34 -0.22 0.10

Growth

14 metrics
MetricFENCALVOANIP
Revenue growth (1Y) 61.4% -74.3% 30.9%
Revenue CAGR (3Y) 118.1% 104.2% 34.6%
Gross profit growth (1Y) 65.9% -95.0% 29.5%
Gross profit CAGR (3Y) – 27.6% 32.8%
Operating income growth (1Y) 61.4% -13.3% 889.9%
Operating income CAGR (3Y) 46.2% 28.9% 98.9%
Net income growth (1Y) 45.1% -383.6% 1,161%
Net income CAGR (3Y) 37.0% 24.4% 184.4%
EPS growth (1Y) 58.3% -481.6% 945.2%
EPS CAGR (3Y) 42.6% 24.6% 146.4%
Operating cash flow growth (1Y) – -367.1% 36.2%
Operating cash flow CAGR (3Y) – 12.8% 66.2%
Free cash flow growth (1Y) – -113.0% 37.9%
Free cash flow CAGR (3Y) – 8.6% 77.7%

Profitability

14 metrics
MetricFENCALVOANIP
Gross margin 92.4% 7.2% 60.4%
EBITDA margin – 83.9% 24.3%
Operating margin -7.0% 44.9% 15.4%
Pretax margin -8.2% -62.1% 14.6%
Net margin -12.3% -248.0% 11.0%
FCF margin – -246.7% 17.7%
Operating cash flow margin – -187.6% 19.4%
Return on equity -11.4% – 18.7%
Return on assets -6.1% -17.5% 7.4%
Return on invested capital – 4.4% 12.9%
Return on capital employed -6.2% 4.1% 12.8%
Asset turnover 0.7x 0.1x 0.7x
Cash conversion (OCF / net income) – 1.1x 1.7x
Stock comp / revenue 14.8% 8.7% 4.2%

Financial Health

11 metrics
MetricFENCALVOANIP
Debt / assets – 82.3% 20.2%
Debt / equity – -6.8x 0.5x
Net debt / EBITDA – 13.1x -0.2x
Debt / FCF – -5.0x 1.7x
Liabilities / assets 44.0% 112.1% 60.0%
Equity / assets 56.0% -12.1% 40.0%
Interest coverage -2.5x 0.8x –
Current ratio 5.8x 1.6x 2.9x
Quick ratio 5.2x 1.1x 2.2x
Cash ratio 3.3x 0.4x 1.3x
Altman Z-score 4.21 -1.34 2.62

Shareholder Returns

7 metrics
MetricFENCALVOANIP
Dividend yield – – –
Net buyback yield – – 0.6%
Shareholder yield – – 0.6%
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.

ConsensusFENCALVOANIP
Forward P/E 37.8xFY2026 – 7.5xFY2026
EPS, next fiscal year $0.29FY2026 $-0.01FY2026 $9.81FY2026
EPS growth, next FY – – +24.3%FY2026
EPS growth, the year after +241.4% – -2.3%
Revenue, next fiscal year $75.58MFY2026 $556.32MFY2026 $1.15BFY2026
Revenue growth, next FY +69.3%FY2026 -6.2%FY2026 +29.9%FY2026
Revenue growth, the year after +28.3% +23.2% +9.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFENCALVOANIP
Held by institutions 46.6% 14.7% 96.0%
Institutions holding 107 72 306
Change in shares held, QoQ +0.7% +152.4% -1.8%
Institutions buying 71 44 172
Institutions selling 19 17 88
Buyers to sellers 3.74 2.59 1.95

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.

FENCALVOANIP
FENC 1.00 0.07 0.07
ALVO 0.07 1.00 0.09
ANIP 0.07 0.09 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, FENC, ALVO and ANIP?

Ani Pharmaceuticals (ANIP) is the largest by market capitalisation: Fennec Pharmaceuticals (FENC) $383.62M, Alvotech (ALVO) $1.53B, Ani Pharmaceuticals (ANIP) $1.75B.

Which company is growing faster?

Fennec Pharmaceuticals (FENC) grew revenue fastest over the trailing twelve months: Fennec Pharmaceuticals (FENC) +61.4%, Alvotech (ALVO) -74.3%, Ani Pharmaceuticals (ANIP) +30.9%.

Which company is more profitable?

Ani Pharmaceuticals (ANIP) has the highest net margin (Fennec Pharmaceuticals (FENC) -12.3%, Alvotech (ALVO) -248.0%, Ani Pharmaceuticals (ANIP) 11.0%). On return on invested capital, Ani Pharmaceuticals (ANIP) leads (Alvotech (ALVO) 4.4%, Ani Pharmaceuticals (ANIP) 12.9%).

Which stock has performed better?

Over the past year Fennec Pharmaceuticals (FENC) returned the most: Fennec Pharmaceuticals (FENC) +29.3%, Alvotech (ALVO) -38.1%, Ani Pharmaceuticals (ANIP) -20.7%. Over five years, Ani Pharmaceuticals (ANIP) compounded fastest (Fennec Pharmaceuticals (FENC) +3.4%/yr, Alvotech (ALVO) -13.2%/yr, Ani Pharmaceuticals (ANIP) +14.4%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Ani Pharmaceuticals (ANIP) has been the steadiest (Fennec Pharmaceuticals (FENC) 64.1%, Alvotech (ALVO) 81.7%, Ani Pharmaceuticals (ANIP) 32.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FENC, ALVO and ANIP?

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