ICCC vs MRK vs ELAN Stock Comparison

Immucell, Merck and Elanco Animal Health Prices as of Oct 28, 2026 Peers: Industry group
ICCC Immucell Corp /De/
$10.62 +7.5% 1M +72.4% 1Y
Market cap
$96.45M
P/E
–
Revenue (TTM)
$26.76M
Div. yield
–
Animal Health Healthcare
4 wins
MRK Merck & Co., Inc.
$141.04 -5.2% 1M +62.1% 1Y
Market cap
$347.97B
P/E
109.8x
Revenue (TTM)
$66.57B
Div. yield
2.41%
Pharmaceuticals Healthcare
4 wins

Head to Head

10 decided of 12

Merck leads on 4 of the 12 questions below (Merck 4, Immucell 4, Elanco Animal Health 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionICCCMRKELANLeader
Larger companyMarket capitalisation $96.45M $347.97B $11.31B MRK
Cheaper on earningsLower P/E, profitable companies only -147.6x 109.8x -56.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 56.9x 20.8x ELAN
Faster revenue growthRevenue growth, trailing twelve months -5.3% +4.6% +12.0% ELAN
More profitableNet margin, trailing twelve months -2.4% 4.8% -4.0% MRK
Better return on capitalReturn on invested capital 6.5% 3.6% 6.1% ICCC
Less leveragedLower net debt / EBITDA -0.1x 3.6x 2.5x ICCC
Higher dividend yieldTrailing dividend yield — 2.41% — –
Better 1-year returnPrice return, last 12 months +72.4% +62.1% +2.4% ICCC
Better 5-year returnAnnualised price return, 5 years +3.8%/yr +9.9%/yr -7.2%/yr MRK
Less volatileAnnualised volatility, 1 year 50.5% 29.6% 42.3% MRK
Higher overall scoreMean of the five percentile scores vs peers 73/100 62/100 67/100 ICCC

Percentile Scorecard

ICCCMRKELAN

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

AxisICCCMRKELAN
Valuation 86 #86 of 625 81 #120 of 625 94 #38 of 625
Growth 65 #209 of 602 36 #383 of 602 56 #264 of 602
Profitability 83 #92 of 549 91 #53 of 549 84 #91 of 549
Financial Health 58 #277 of 654 20 #523 of 654 32 #443 of 654
Shareholder Returns – 81 #69 of 367 –
Overall 73 62 67
  • ICCC ranked among 672 companies in Pharmaceuticals and Biotechnology
  • MRK ranked among 672 companies in Pharmaceuticals and Biotechnology
  • ELAN ranked among 672 companies in Pharmaceuticals and Biotechnology

Price Performance

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

Returns

PeriodICCCMRKELANSPY
1 month +7.5%-5.2%+0.9% +0.9%
3 months -3.5%+8.2%-14.1% +5.9%
6 months +25.8%+27.1%+3.9% +8.5%
Year to date +72.7%+34.0%+0.1% +13.3%
1 year +72.4%+62.1%+2.4% +12.4%
3 years +123.1%+37.2%+155.9% +88.1%
3 years, per year +30.7%+11.1%+36.8% +23.5%
5 years +20.7%+60.2%-31.1% +68.2%
5 years, per year +3.8%+9.9%-7.2% +11.0%
10 years +88.6%+139.7%— +263.4%
10 years, per year +6.6%+9.1%— +13.8%

Risk

MeasureICCCMRKELANSPY
Volatility, 1Y 50.5%29.6%42.3% 12.7%
Downside volatility, 1Y 47.5%24.5%42.8% 12.7%
Beta vs S&P 500, 1Y 0.400.121.30 1.00
Return / volatility, 1Y 1.432.100.06 0.98
Max drawdown, 5Y -67.0%-44.7%-76.3% -25.4%
From 52-week high -9.4%-9.8%-15.6% -0.9%
52-week high $11.72$156.45$26.84 $779.14
52-week low $4.56$82.49$19.80 $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.

MultipleICCCMRKELAN
P/E now vs peer median -147.6xmedian 17.4x 109.8xmedian 17.4x -56.9xmedian 17.4x
P/S now vs peer median 3.6xmedian 9.1x 5.2xmedian 9.1x 2.3xmedian 9.1x
EV/EBITDA now vs peer median 18.8xmedian 17.1x 30.1xmedian 17.1x 11.1xmedian 17.1x
P/FCF now vs peer median —median 19.0x 21.7xmedian 19.0x 29.9xmedian 19.0x
P/B now vs peer median 3.1xmedian 2.2x 8.3xmedian 2.2x 1.7xmedian 2.2x
PEG now vs peer median -2.69median 0.34 69.11median 0.34 2.89median 0.34

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 monthsICCCMRKELAN
Revenue $26.76M $66.57B $5.02B
Gross profit $10.53M $48.57B $2.78B
Operating income $2.47M $6.38B $637.00M
Net income -$652.35K $3.17B -$199.00M
Free cash flow – $16.06B $379.00M
R&D $2.40M $30.45B $371.00M
EPS (diluted) $-0.07 $1.28 $-0.39
Cash & equivalents $8.86M $6.85B $530.00M
Total debt $8.30M $53.91B $3.92B
Shares (diluted) 9.19M 2.47B 505.90M
Enterprise value $73.90M $302.40B $9.31B

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
MetricICCCMRKELAN
P/E -147.6x 109.8x -56.9x
P/FCF – 21.7x 29.9x
P/Operating cash flow – 17.4x 18.3x
P/S 3.6x 5.2x 2.3x
P/B 3.1x 8.3x 1.7x
P/Tangible book 3.1x 20.5x 3.3x
EV/EBITDA 18.8x 30.1x 11.1x
EV/EBIT 38.9x 61.9x 23.1x
EV/Revenue 3.6x 5.9x 2.9x
EV/FCF – 24.6x 38.8x
EV/Operating cash flow – 19.8x 23.8x
PEG (3Y EPS CAGR) -2.69 69.11 2.89

Growth

14 metrics
MetricICCCMRKELAN
Revenue growth (1Y) -5.3% 4.6% 12.0%
Revenue CAGR (3Y) 19.5% 4.5% 5.1%
Gross profit growth (1Y) -0.6% -0.3% 13.2%
Gross profit CAGR (3Y) 36.0% 4.5% 3.9%
Operating income growth (1Y) 42.3% -66.6% 22.0%
Operating income CAGR (3Y) 34.3% 1.9% 59.8%
Net income growth (1Y) -137.0% -80.7% -145.9%
Net income CAGR (3Y) 52.3% 0.5% -20.8%
EPS growth (1Y) -136.4% -80.3% -145.3%
EPS CAGR (3Y) 55.0% 1.6% -19.7%
Operating cash flow growth (1Y) – 7.7% 7.9%
Operating cash flow CAGR (3Y) – 9.8% 73.6%
Free cash flow growth (1Y) – 9.1% 5.0%
Free cash flow CAGR (3Y) – 14.0% 101.8%

Profitability

14 metrics
MetricICCCMRKELAN
Gross margin 39.3% 73.0% 55.4%
EBITDA margin 19.0% 19.7% 26.5%
Operating margin 9.2% 9.6% 12.7%
Pretax margin -2.2% 8.9% -3.3%
Net margin -2.4% 4.8% -4.0%
FCF margin – 24.1% 7.5%
Operating cash flow margin – 30.0% 12.3%
Return on equity -2.2% 7.2% -3.0%
Return on assets -1.5% 2.5% -1.5%
Return on invested capital 6.5% 3.6% 6.1%
Return on capital employed 6.1% 6.3% 5.5%
Asset turnover 0.6x 0.5x 0.4x
Cash conversion (OCF / net income) – 6.3x -3.1x
Stock comp / revenue 1.8% 1.3% 1.5%

Financial Health

11 metrics
MetricICCCMRKELAN
Debt / assets 17.8% 41.5% 28.9%
Debt / equity 0.3x 1.3x 0.6x
Net debt / EBITDA -0.1x 3.6x 2.5x
Debt / FCF – 3.4x 10.3x
Liabilities / assets 32.7% 67.7% 51.4%
Equity / assets 67.3% 32.3% 48.6%
Interest coverage 5.3x – 2.6x
Current ratio 4.8x 1.3x 2.1x
Quick ratio 2.7x 0.7x 0.9x
Cash ratio 2.0x 0.3x 0.3x
Altman Z-score 4.63 3.82 1.46

Shareholder Returns

7 metrics
MetricICCCMRKELAN
Dividend yield – 2.4% –
Net buyback yield – 1.1% –
Shareholder yield – 3.5% –
Payout ratio (earnings) – 261.8% –
Payout ratio (FCF) – 51.7% –
Dividend growth (1Y) – 3.3% –
Dividend CAGR (3Y) – 4.7% –

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.

ConsensusICCCMRKELAN
Forward P/E – 56.9xFY2026 20.8xFY2026
EPS, next fiscal year – $2.48FY2026 $1.09FY2026
EPS growth, next FY – -72.4%FY2026 +16.0%FY2026
EPS growth, the year after – +257.3% +23.9%
Revenue, next fiscal year – $69.45BFY2026 $4.79BFY2026
Revenue growth, next FY – +6.8%FY2026 +1.6%FY2026
Revenue growth, the year after – -3.8% +19.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersICCCMRKELAN
Held by institutions 15.0% 79.9% 100.0%
Institutions holding 32 3,797 523
Change in shares held, QoQ -2.6% +2.6% +4.4%
Institutions buying 15 1,843 246
Institutions selling 7 1,464 209
Buyers to sellers 2.14 1.26 1.18

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.

ICCCMRKELAN
ICCC 1.00 0.02 -0.03
MRK 0.02 1.00 0.21
ELAN -0.03 0.21 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ICCC, MRK and ELAN?

Merck (MRK) is the largest by market capitalisation: Immucell (ICCC) $96.45M, Merck (MRK) $347.97B, Elanco Animal Health (ELAN) $11.31B.

Which company is growing faster?

Elanco Animal Health (ELAN) grew revenue fastest over the trailing twelve months: Immucell (ICCC) -5.3%, Merck (MRK) +4.6%, Elanco Animal Health (ELAN) +12.0%.

Which company is more profitable?

Merck (MRK) has the highest net margin (Immucell (ICCC) -2.4%, Merck (MRK) 4.8%, Elanco Animal Health (ELAN) -4.0%). On return on invested capital, Immucell (ICCC) leads (Immucell (ICCC) 6.5%, Merck (MRK) 3.6%, Elanco Animal Health (ELAN) 6.1%).

Which stock has performed better?

Over the past year Immucell (ICCC) returned the most: Immucell (ICCC) +72.4%, Merck (MRK) +62.1%, Elanco Animal Health (ELAN) +2.4%. Over five years, Merck (MRK) compounded fastest (Immucell (ICCC) +3.8%/yr, Merck (MRK) +9.9%/yr, Elanco Animal Health (ELAN) -7.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Merck (MRK) 2.41%. Immucell (ICCC) and Elanco Animal Health (ELAN) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Merck (MRK) has been the steadiest (Immucell (ICCC) 50.5%, Merck (MRK) 29.6%, Elanco Animal Health (ELAN) 42.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ICCC, MRK and ELAN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Merck (MRK) leads on 4. 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.