GEHC vs BFLY vs QDEL Stock Comparison

GE HealthCare Technologies, Butterfly Network and QuidelOrtho Prices as of Oct 23, 2026 Peers: Industry group
BFLY Butterfly Network, Inc.
$6.76 -26.5% 1M +204.5% 1Y
Market cap
$1.74B
P/E
–
Revenue (TTM)
$112.15M
Div. yield
–
Diagnostic Equipment Healthcare
3 wins
QDEL QuidelOrtho Corp
$13.73 +32.8% 1M -53.9% 1Y
Market cap
$940.15M
P/E
–
Revenue (TTM)
-$211.90M
Div. yield
–
Diagnostic Equipment Healthcare

Head to Head

8 decided of 12

GE HealthCare Technologies leads on 5 of the 12 questions below (GE HealthCare Technologies 5, Butterfly Network 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionGEHCBFLYQDELLeader
Larger companyMarket capitalisation $32.60B $1.74B $940.15M GEHC
Cheaper on earningsLower P/E, profitable companies only 16.4x -23.3x -0.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 14.0x — 18.3x GEHC
Faster revenue growthRevenue growth, trailing twelve months +6.5% +28.1% -30.8% BFLY
More profitableNet margin, trailing twelve months 9.3% -66.7% — GEHC
Better return on capitalReturn on invested capital 10.1% — — –
Less leveragedLower net debt / EBITDA 2.4x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -7.5% +204.5% -53.9% BFLY
Better 5-year returnAnnualised price return, 5 years — -8.2%/yr -36.7%/yr BFLY
Less volatileAnnualised volatility, 1 year 34.9% 114.4% 93.0% GEHC
Higher overall scoreMean of the five percentile scores vs peers 55/100 45/100 22/100 GEHC

Percentile Scorecard

GEHCBFLYQDEL

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

AxisGEHCBFLYQDEL
Valuation 88 #29 of 228 28 #164 of 228 45 #125 of 228
Growth 22 #173 of 222 68 #72 of 222 1 #220 of 222
Profitability 77 #49 of 210 31 #145 of 210 –
Financial Health 27 #177 of 241 61 #95 of 241 10 #217 of 241
Shareholder Returns 61 #55 of 138 35 #90 of 138 31 #96 of 138
Overall 55 45 22
  • GEHC ranked among 248 companies in Medical Devices and Diagnostics
  • BFLY ranked among 248 companies in Medical Devices and Diagnostics
  • QDEL 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

PeriodGEHCBFLYQDELSPY
1 month +8.1%-26.5%+32.8% -1.0%
3 months +17.9%+3.0%-14.5% +2.9%
6 months +3.8%+26.8%+18.5% +6.4%
Year to date -12.9%+77.9%-51.9% +11.4%
1 year -7.5%+204.5%-53.9% +13.1%
3 years +10.5%+611.6%-79.3% +79.4%
3 years, per year +3.4%+92.4%-40.8% +21.5%
5 years —-34.7%-89.8% +67.7%
5 years, per year —-8.2%-36.7% +10.9%
10 years ——-35.5% +255.2%
10 years, per year ——-4.3% +13.5%

Risk

MeasureGEHCBFLYQDELSPY
Volatility, 1Y 34.9%114.4%93.0% 12.7%
Downside volatility, 1Y 36.0%91.7%100.6% 12.7%
Beta vs S&P 500, 1Y 0.672.942.58 1.00
Return / volatility, 1Y -0.221.79-0.58 1.03
Max drawdown, 5Y -37.4%-93.5%-94.3% -25.4%
From 52-week high -19.0%-32.0%-61.2% -2.5%
52-week high $88.16$9.94$35.38 $779.14
52-week low $59.49$1.97$9.96 $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.

MultipleGEHCBFLYQDEL
P/E now vs peer median 16.3xmedian 30.7x -23.7xmedian 30.7x -0.9xmedian 30.7x
P/S now vs peer median 1.5xmedian 3.0x 14.3xmedian 3.0x -4.4xmedian 3.0x
EV/EBITDA now vs peer median 12.0xmedian 17.7x -20.5xmedian 17.7x —median 17.7x
P/FCF now vs peer median 20.4xmedian 23.7x -57.4xmedian 23.7x -4.4xmedian 23.7x
P/B now vs peer median 2.9xmedian 2.4x 8.5xmedian 2.4x 0.5xmedian 2.4x
PEG now vs peer median 2.43median 0.96 -0.88median 0.96 0.01median 0.96

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 monthsGEHCBFLYQDEL
Revenue $21.27B $112.15M -$211.90M
Gross profit $8.41B $59.04M –
Operating income $2.73B -$79.38M –
Net income $2.05B -$74.85M -$1.05B
Free cash flow $1.58B -$28.04M -$211.20M
R&D $1.28B $38.10M –
EPS (diluted) $4.37 $-0.29 $-15.35
Cash & equivalents $2.11B $124.66M $123.40M
Total debt $10.09B – $2.89B
Shares (diluted) 454.00M 262.10M 68.30M
Enterprise value $19.65B $1.19B $408.45M

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
MetricGEHCBFLYQDEL
P/E 16.3x -23.7x -0.9x
P/FCF 20.4x -57.4x -4.4x
P/Operating cash flow 15.4x -67.0x -16.4x
P/S 1.5x 14.3x -4.4x
P/B 2.9x 8.5x 0.5x
P/Tangible book 3.5x 8.8x -1.0x
EV/EBITDA 12.0x -20.5x –
EV/EBIT 14.7x -18.7x –
EV/Revenue 1.9x 13.2x -17.5x
EV/FCF 25.5x -52.9x -17.5x
EV/Operating cash flow 19.2x -61.8x -64.8x
PEG (3Y EPS CAGR) 2.43 -0.88 0.01

Growth

14 metrics
MetricGEHCBFLYQDEL
Revenue growth (1Y) 6.5% 28.1% -30.8%
Revenue CAGR (3Y) 3.8% 15.6% -27.0%
Gross profit growth (1Y) 1.3% 8.8% –
Gross profit CAGR (3Y) 3.7% 13.3% –
Operating income growth (1Y) -0.9% -14.8% –
Operating income CAGR (3Y) 2.9% 21.1% –
Net income growth (1Y) -11.5% -19.1% -124.8%
Net income CAGR (3Y) 2.9% 20.8% -107.7%
EPS growth (1Y) -10.6% -12.9% -122.8%
EPS CAGR (3Y) 6.7% 27.0% -106.5%
Operating cash flow growth (1Y) 5.1% 19.6% -128.5%
Operating cash flow CAGR (3Y) 0.2% 44.5% -27.1%
Free cash flow growth (1Y) 0.6% 12.2% -1,725%
Free cash flow CAGR (3Y) -2.8% 42.8% -30.1%

Profitability

14 metrics
MetricGEHCBFLYQDEL
Gross margin 39.5% 52.6% –
EBITDA margin 15.7% -64.4% –
Operating margin 12.9% -70.8% –
Pretax margin 12.5% -66.7% –
Net margin 9.3% -66.7% –
FCF margin 7.4% -25.0% –
Operating cash flow margin 9.9% -21.4% 27.0%
Return on equity 18.9% -39.3% –
Return on assets 5.5% -26.3% –
Return on invested capital 10.1% – –
Return on capital employed 9.5% -35.1% –
Asset turnover 0.6x 0.4x 0.0x
Cash conversion (OCF / net income) 1.0x 0.3x 0.1x
Stock comp / revenue 0.7% 21.3% -20.9%

Financial Health

11 metrics
MetricGEHCBFLYQDEL
Debt / assets 27.1% – 50.6%
Debt / equity 0.9x – 1.6x
Net debt / EBITDA 2.4x – –
Debt / FCF 6.4x – -13.7x
Liabilities / assets 70.5% 33.1% 68.9%
Equity / assets 29.5% 66.9% 31.1%
Interest coverage 6.4x -59.4x –
Current ratio 1.3x 4.1x 1.4x
Quick ratio 0.9x 2.7x 0.5x
Cash ratio 0.3x 2.1x 0.1x
Altman Z-score 1.85 6.07 –

Shareholder Returns

7 metrics
MetricGEHCBFLYQDEL
Dividend yield 0.3% – –
Net buyback yield 1.2% -0.5% -0.6%
Shareholder yield 1.4% -0.5% -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.

ConsensusGEHCBFLYQDEL
Forward P/E 14.0xFY2026 – 18.3xFY2026
EPS, next fiscal year $5.09FY2026 $-0.10FY2026 $0.75FY2026
EPS growth, next FY +10.9%FY2026 – -64.6%FY2026
EPS growth, the year after -0.6% – +101.3%
Revenue, next fiscal year $22.47BFY2026 $114.50MFY2026 $2.67BFY2026
Revenue growth, next FY +8.9%FY2026 +17.3%FY2026 -2.0%FY2026
Revenue growth, the year after +7.5% +26.0% +0.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersGEHCBFLYQDEL
Held by institutions 87.0% 59.9% 100.0%
Institutions holding 1,221 245 243
Change in shares held, QoQ +1.7% +13.9% +2.9%
Institutions buying 538 143 143
Institutions selling 461 59 65
Buyers to sellers 1.17 2.42 2.20

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.

GEHCBFLYQDEL
GEHC 1.00 0.22 0.25
BFLY 0.22 1.00 0.24
QDEL 0.25 0.24 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, GEHC, BFLY and QDEL?

GE HealthCare Technologies (GEHC) is the largest by market capitalisation: GE HealthCare Technologies (GEHC) $32.60B, Butterfly Network (BFLY) $1.74B, QuidelOrtho (QDEL) $940.15M.

Which company is growing faster?

Butterfly Network (BFLY) grew revenue fastest over the trailing twelve months: GE HealthCare Technologies (GEHC) +6.5%, Butterfly Network (BFLY) +28.1%, QuidelOrtho (QDEL) -30.8%.

Which company is more profitable?

GE HealthCare Technologies (GEHC) has the highest net margin (GE HealthCare Technologies (GEHC) 9.3%, Butterfly Network (BFLY) -66.7%).

Which stock has performed better?

Over the past year Butterfly Network (BFLY) returned the most: GE HealthCare Technologies (GEHC) -7.5%, Butterfly Network (BFLY) +204.5%, QuidelOrtho (QDEL) -53.9%. Over five years, Butterfly Network (BFLY) compounded fastest (Butterfly Network (BFLY) -8.2%/yr, QuidelOrtho (QDEL) -36.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, GE HealthCare Technologies (GEHC) has been the steadiest (GE HealthCare Technologies (GEHC) 34.9%, Butterfly Network (BFLY) 114.4%, QuidelOrtho (QDEL) 93.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, GEHC, BFLY and QDEL?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, GE HealthCare Technologies (GEHC) leads on 5. 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.