HTFL vs NEOG vs PAHC Stock Comparison

Heartflow, Neogen and Phibro Animal Health Prices as of Nov 5, 2026 Peers: Industry group
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HTFL Heartflow, Inc.
$51.95 +2.5% 1M +49.7% 1Y
Market cap
$4.52B
P/E
–
Revenue (TTM)
$212.08M
Div. yield
–
Diagnostic Equipment Healthcare
2 wins
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
2 wins

Head to Head

10 decided of 12

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

QuestionHTFLNEOGPAHCLeader
Larger companyMarket capitalisation $4.52B $2.56B $1.34B HTFL
Cheaper on earningsLower P/E, profitable companies only -38.2x -45.7x 13.1x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 36.5x 10.4x PAHC
Faster revenue growthRevenue growth, trailing twelve months +42.8% -0.3% +10.1% HTFL
More profitableNet margin, trailing twelve months -55.8% -6.3% 6.7% PAHC
Better return on capitalReturn on invested capital — -0.2% 13.9% PAHC
Less leveragedLower net debt / EBITDA — 5.4x 2.1x PAHC
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.01% –
Better 1-year returnPrice return, last 12 months +49.7% +88.1% -14.0% NEOG
Better 5-year returnAnnualised price return, 5 years — -23.8%/yr +9.6%/yr PAHC
Less volatileAnnualised volatility, 1 year 77.2% 55.9% 56.6% NEOG
Higher overall scoreMean of the five percentile scores vs peers 49/100 58/100 70/100 PAHC

Percentile Scorecard

HTFLNEOGPAHC

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

AxisHTFLNEOGPAHC
Valuation 26 #170 of 229 72 #65 of 229 94 #38 of 634
Growth 72 #63 of 221 49 #114 of 221 85 #90 of 608
Profitability 43 #121 of 210 60 #84 of 210 85 #86 of 557
Financial Health 85 #38 of 240 49 #122 of 240 27 #476 of 654
Shareholder Returns 19 #120 of 147 58 #62 of 147 57 #175 of 403
Overall 49 58 70
  • HTFL ranked among 247 companies in Medical Devices and Diagnostics
  • NEOG ranked among 247 companies in Medical Devices and Diagnostics
  • PAHC 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

PeriodHTFLNEOGPAHCSPY
1 month +2.5%-2.3%-3.3% -5.9%
3 months +91.1%+3.4%-0.3% -4.6%
6 months +73.3%+26.3%-18.0% +0.2%
Year to date +78.2%+67.1%-5.2% +7.5%
1 year +49.7%+88.1%-14.0% +8.2%
3 years —-26.2%+189.5% +68.3%
3 years, per year —-9.6%+42.5% +19.0%
5 years —-74.2%+58.2% +56.5%
5 years, per year —-23.8%+9.6% +9.4%
10 years —-41.0%+35.1% +251.5%
10 years, per year —-5.1%+3.1% +13.4%

Risk

MeasureHTFLNEOGPAHCSPY
Volatility, 1Y 77.2%55.9%56.6% 13.6%
Downside volatility, 1Y 78.7%47.3%61.6% 14.2%
Beta vs S&P 500, 1Y 1.931.420.94 1.00
Return / volatility, 1Y 0.641.58-0.25 0.60
Max drawdown, 5Y -48.7%-90.6%-57.9% -25.4%
From 52-week high -14.2%-16.5%-40.6% -5.9%
52-week high $60.53$13.98$59.58 $779.14
52-week low $20.49$5.41$28.52 $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.

MultipleHTFLNEOGPAHC
P/E now vs peer median -37.9xmedian 26.9x -45.4xmedian 26.9x 14.0xmedian 17.8x
P/S now vs peer median 21.2xmedian 2.9x 2.9xmedian 2.9x 0.9xmedian 8.1x
EV/EBITDA now vs peer median -58.1xmedian 17.5x 28.4xmedian 17.5x 7.7xmedian 15.7x
P/FCF now vs peer median -76.1xmedian 26.4x 51.2xmedian 26.4x 66.3xmedian 21.0x
P/B now vs peer median 16.1xmedian 2.3x 1.2xmedian 2.3x 3.4xmedian 2.0x
PEG now vs peer median —median 0.88 1.62median 0.88 0.20median 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 monthsHTFLNEOGPAHC
Revenue $212.08M $883.99M $1.54B
Gross profit $169.83M $418.98M $521.27M
Operating income -$80.25M -$7.38M $192.78M
Net income -$118.37M -$56.10M $102.71M
Free cash flow -$59.18M $49.80M $21.67M
R&D $83.84M $19.76M –
EPS (diluted) $-1.37 $-0.26 $2.51
Cash & equivalents $34.36M $172.00M $75.55M
Total debt – $774.20M $610.88M
Shares (diluted) 86.40M 218.10M 40.96M
Enterprise value $4.27B $1.90B $1.02B

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
MetricHTFLNEOGPAHC
P/E -37.9x -45.4x 14.0x
P/FCF -76.1x 51.2x 66.3x
P/Operating cash flow -86.2x 29.9x 16.8x
P/S 21.2x 2.9x 0.9x
P/B 16.1x 1.2x 3.4x
P/Tangible book 16.1x 3.2x 3.7x
EV/EBITDA -58.1x 28.4x 7.7x
EV/EBIT -53.1x -427.3x 10.2x
EV/Revenue 20.1x 3.6x 1.3x
EV/FCF -72.0x 63.3x 90.7x
EV/Operating cash flow -81.5x 37.0x 22.9x
PEG (3Y EPS CAGR) – 1.62 0.20

Growth

14 metrics
MetricHTFLNEOGPAHC
Revenue growth (1Y) 42.8% -0.3% 10.1%
Revenue CAGR (3Y) – -1.3% 16.4%
Gross profit growth (1Y) 51.8% 1.8% 19.5%
Gross profit CAGR (3Y) – -3.1% 20.6%
Operating income growth (1Y) -29.0% 99.3% 33.8%
Operating income CAGR (3Y) – -29.0% 49.7%
Net income growth (1Y) -26.4% 94.6% 51.5%
Net income CAGR (3Y) – -28.3% 70.5%
EPS growth (1Y) 90.8% 94.6% 51.2%
EPS CAGR (3Y) – -28.0% 69.8%
Operating cash flow growth (1Y) 19.4% -1.9% 11.6%
Operating cash flow CAGR (3Y) – 2.9% 28.7%
Free cash flow growth (1Y) 13.0% 1,631% -36.8%
Free cash flow CAGR (3Y) – 126.1% 74.0%

Profitability

14 metrics
MetricHTFLNEOGPAHC
Gross margin 80.1% 47.4% 33.8%
EBITDA margin -34.6% 12.5% 16.5%
Operating margin -37.8% -0.8% 12.5%
Pretax margin -55.9% -7.7% 9.1%
Net margin -55.8% -6.3% 6.7%
FCF margin -27.9% 5.6% 1.4%
Operating cash flow margin -24.6% 9.6% 5.6%
Return on equity -41.9% -2.7% 25.6%
Return on assets -34.4% -1.7% 6.8%
Return on invested capital – -0.2% 13.9%
Return on capital employed -26.7% -0.2% 15.9%
Asset turnover 0.6x 0.3x 1.0x
Cash conversion (OCF / net income) 0.4x -1.5x 0.8x
Stock comp / revenue 11.2% 1.3% 0.1%

Financial Health

11 metrics
MetricHTFLNEOGPAHC
Debt / assets – 23.4% 40.3%
Debt / equity – 0.4x 1.5x
Net debt / EBITDA – 5.4x 2.1x
Debt / FCF – 15.5x 28.2x
Liabilities / assets 18.8% 36.8% 72.4%
Equity / assets 81.2% 63.2% 27.6%
Interest coverage -23.2x – 4.2x
Current ratio 5.1x 3.9x 3.2x
Quick ratio 6.6x 2.1x 1.0x
Cash ratio 5.6x 1.2x 0.3x
Altman Z-score 37.63 1.44 3.09

Shareholder Returns

7 metrics
MetricHTFLNEOGPAHC
Dividend yield – – 1.4%
Net buyback yield -7.6% -0.1% –
Shareholder yield -7.6% -0.1% 1.4%
Payout ratio (earnings) – – 19.0%
Payout ratio (FCF) – – 89.9%
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.

ConsensusHTFLNEOGPAHC
Forward P/E – 36.5xFY2026 10.4xFY2027
EPS, next fiscal year $-0.43FY2026 $0.32FY2026 $3.42FY2027
EPS growth, next FY – 0.0%FY2026 +6.2%FY2027
EPS growth, the year after – +31.3% +9.6%
Revenue, next fiscal year $261.38MFY2026 $847.28MFY2026 $1.53BFY2027
Revenue growth, next FY +48.5%FY2026 -2.7%FY2026 +0.6%FY2027
Revenue growth, the year after +20.6% -1.5% -0.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHTFLNEOGPAHC
Held by institutions 100.0% 100.0% 99.1%
Institutions holding 193 315 210
Change in shares held, QoQ +133.0% +1.6% +3.0%
Institutions buying 140 150 117
Institutions selling 38 106 75
Buyers to sellers 3.68 1.42 1.56

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.

HTFLNEOGPAHC
HTFL 1.00 0.17 0.09
NEOG 0.17 1.00 0.23
PAHC 0.09 0.23 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, HTFL, NEOG and PAHC?

Heartflow (HTFL) is the largest by market capitalisation: Heartflow (HTFL) $4.52B, Neogen (NEOG) $2.56B, Phibro Animal Health (PAHC) $1.34B.

Which company is growing faster?

Heartflow (HTFL) grew revenue fastest over the trailing twelve months: Heartflow (HTFL) +42.8%, Neogen (NEOG) -0.3%, Phibro Animal Health (PAHC) +10.1%.

Which company is more profitable?

Phibro Animal Health (PAHC) has the highest net margin (Heartflow (HTFL) -55.8%, Neogen (NEOG) -6.3%, Phibro Animal Health (PAHC) 6.7%). On return on invested capital, Phibro Animal Health (PAHC) leads (Neogen (NEOG) -0.2%, Phibro Animal Health (PAHC) 13.9%).

Which stock has performed better?

Over the past year Neogen (NEOG) returned the most: Heartflow (HTFL) +49.7%, Neogen (NEOG) +88.1%, Phibro Animal Health (PAHC) -14.0%. Over five years, Phibro Animal Health (PAHC) compounded fastest (Neogen (NEOG) -23.8%/yr, Phibro Animal Health (PAHC) +9.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Heartflow (HTFL) 0.00%, Neogen (NEOG) 0.00%, Phibro Animal Health (PAHC) 0.01%. Heartflow (HTFL) and Neogen (NEOG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Neogen (NEOG) has been the steadiest (Heartflow (HTFL) 77.2%, Neogen (NEOG) 55.9%, Phibro Animal Health (PAHC) 56.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HTFL, NEOG and PAHC?

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.