MDLN vs WST vs STVN Stock Comparison

Medline, West Pharmaceutical Services and Stevanato Group S.p.A Prices as of Oct 27, 2026 Peers: Industry group
MDLN Medline Inc.
$32.38 -6.7% 1M
Market cap
$27.74B
P/E
33.1x
Revenue (TTM)
$28.57B
Div. yield
–
Medical Supplies Healthcare
2 wins
STVN Stevanato Group S.p.A.
$19.61 -7.5% 1M -24.5% 1Y
Market cap
$5.30B
P/E
33.7x
Revenue (TTM)
$1.43B
Div. yield
–
Medical Supplies Healthcare
1 win

Head to Head

11 decided of 12

West Pharmaceutical Services leads on 8 of the 12 questions below (West Pharmaceutical Services 8, Medline 2, Stevanato Group S.p.A 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionMDLNWSTSTVNLeader
Larger companyMarket capitalisation $27.74B $28.65B $5.30B WST
Cheaper on earningsLower P/E, profitable companies only 33.1x 50.7x 33.7x MDLN
Cheaper on forward earningsLower price / next fiscal year consensus EPS 22.5x 41.6x 29.7x MDLN
Faster revenue growthRevenue growth, trailing twelve months — +12.4% +14.8% STVN
More profitableNet margin, trailing twelve months 2.9% 17.0% 11.0% WST
Better return on capitalReturn on invested capital 5.4% 16.9% 7.2% WST
Less leveragedLower net debt / EBITDA 3.2x -0.3x 1.2x WST
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months — +38.6% -24.5% WST
Better 5-year returnAnnualised price return, 5 years — -1.1%/yr -5.1%/yr WST
Less volatileAnnualised volatility, 1 year 44.6% 31.2% 45.6% WST
Higher overall scoreMean of the five percentile scores vs peers 67/100 68/100 67/100 WST

Percentile Scorecard

MDLNWSTSTVN

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

AxisMDLNWSTSTVN
Valuation 84 #37 of 227 48 #119 of 227 81 #44 of 227
Growth – 40 #132 of 219 58 #92 of 219
Profitability 73 #57 of 206 92 #18 of 206 82 #39 of 206
Financial Health 41 #140 of 238 78 #54 of 238 72 #68 of 238
Shareholder Returns 71 #39 of 134 81 #26 of 134 41 #80 of 134
Overall 67 68 67
  • MDLN ranked among 247 companies in Medical Devices and Diagnostics
  • WST ranked among 247 companies in Medical Devices and Diagnostics
  • STVN ranked among 247 companies in Medical Devices and Diagnostics

Price Performance

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

Returns

PeriodMDLNWSTSTVNSPY
1 month -6.7%+7.5%-7.5% -0.2%
3 months -20.1%+18.1%-2.6% +3.9%
6 months -26.8%+36.3%+21.0% +8.2%
Year to date -22.9%+44.7%-2.5% +12.9%
1 year —+38.6%-24.5% +12.3%
3 years —+24.0%-31.7% +87.4%
3 years, per year —+7.5%-12.0% +23.3%
5 years —-5.5%-23.2% +67.9%
5 years, per year —-1.1%-5.1% +10.9%
10 years —+449.7%— +261.1%
10 years, per year —+18.6%— +13.7%

Risk

MeasureMDLNWSTSTVNSPY
Volatility, 1Y 44.6%31.2%45.6% 12.7%
Downside volatility, 1Y 48.7%30.8%44.7% 12.7%
Beta vs S&P 500, 1Y 0.610.621.12 1.00
Return / volatility, 1Y —1.24-0.54 0.97
Max drawdown, 5Y -36.7%-59.6%-62.2% -25.4%
From 52-week high -35.2%0.0%-24.5% -1.2%
52-week high $49.99$398.10$25.98 $779.14
52-week low $31.64$230.95$13.43 $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.

MultipleMDLNWSTSTVN
P/E now vs peer median 33.2xmedian 29.6x 49.9xmedian 29.6x 34.1xmedian 29.6x
P/S now vs peer median 1.5xmedian 2.9x 8.4xmedian 2.9x 4.2xmedian 2.9x
EV/EBITDA now vs peer median 17.0xmedian 17.4x 32.3xmedian 17.4x 18.4xmedian 17.4x
P/FCF now vs peer median 26.8xmedian 22.3x 64.1xmedian 22.3x 10.0xmedian 22.3x
P/B now vs peer median 2.2xmedian 2.3x 9.4xmedian 2.3x 3.4xmedian 2.3x
PEG now vs peer median —median 1.04 10.35median 1.04 -127.14median 1.04

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 monthsMDLNWSTSTVN
Revenue $28.57B $3.33B $1.43B
Gross profit $7.79B $1.22B $416.82M
Operating income $2.03B $680.40M $233.97M
Net income $1.03B $564.90M $157.06M
Free cash flow $1.59B $436.90M $592.88M
R&D – $74.40M $29.75M
EPS (diluted) $0.97 $7.92 $0.58
Cash & equivalents $2.33B $435.80M $89.82M
Total debt $12.58B $202.90M $2.11B
Shares (diluted) 861.00M 71.30M 272.96M
Enterprise value $20.69B $26.27B $4.74B

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
MetricMDLNWSTSTVN
P/E 33.2x 49.9x 34.1x
P/FCF 26.8x 64.1x 10.0x
P/Operating cash flow 21.2x 42.3x 20.5x
P/S 1.5x 8.4x 4.2x
P/B 2.2x 9.4x 3.4x
P/Tangible book 7.7x 9.4x 3.4x
EV/EBITDA 17.0x 32.3x 18.4x
EV/EBIT 25.8x 40.8x 27.1x
EV/Revenue 1.8x 8.4x 4.4x
EV/FCF 33.0x 63.6x 10.7x
EV/Operating cash flow 26.2x 42.0x 21.9x
PEG (3Y EPS CAGR) – 10.35 -127.14

Growth

14 metrics
MetricMDLNWSTSTVN
Revenue growth (1Y) – 12.4% 14.8%
Revenue CAGR (3Y) – 5.1% 9.8%
Gross profit growth (1Y) – 17.2% 19.4%
Gross profit CAGR (3Y) – 3.8% 6.2%
Operating income growth (1Y) – 17.0% 17.2%
Operating income CAGR (3Y) – 1.3% 4.5%
Net income growth (1Y) – 15.8% 7.5%
Net income CAGR (3Y) – 2.9% 0.8%
EPS growth (1Y) – 17.8% 6.7%
EPS CAGR (3Y) – 4.8% -0.3%
Operating cash flow growth (1Y) – -2.1% 30.4%
Operating cash flow CAGR (3Y) – -2.2% 32.9%
Free cash flow growth (1Y) – 27.0% 17.2%
Free cash flow CAGR (3Y) – 3.3% 8.0%

Profitability

14 metrics
MetricMDLNWSTSTVN
Gross margin 27.3% 36.8% 29.2%
EBITDA margin 10.8% 25.9% 24.1%
Operating margin 7.1% 20.5% 16.4%
Pretax margin 4.3% 20.8% 15.7%
Net margin 2.9% 17.0% 11.0%
FCF margin 5.6% 13.1% 41.5%
Operating cash flow margin 7.0% 19.9% 20.3%
Return on equity 5.4% 18.4% 8.9%
Return on assets 2.6% 13.4% 5.3%
Return on invested capital 5.4% 16.9% 7.2%
Return on capital employed 5.6% 19.7% –
Asset turnover 0.7x 0.8x 0.5x
Cash conversion (OCF / net income) 2.0x 1.2x 1.8x
Stock comp / revenue 0.3% 1.0% –

Financial Health

11 metrics
MetricMDLNWSTSTVN
Debt / assets 32.0% 5.0% 17.0%
Debt / equity 0.7x 0.1x 0.3x
Net debt / EBITDA 3.2x -0.3x 1.2x
Debt / FCF 7.9x 0.5x 0.9x
Liabilities / assets 51.5% 26.6% 40.8%
Equity / assets 48.5% 73.4% 59.2%
Interest coverage – 151.2x 14.9x
Current ratio 4.3x 2.8x –
Quick ratio 2.3x 1.8x –
Cash ratio 1.0x 0.7x –
Altman Z-score 2.44 18.78 –

Shareholder Returns

7 metrics
MetricMDLNWSTSTVN
Dividend yield – 0.2% 0.3%
Net buyback yield 0.0% 1.5% –
Shareholder yield 0.0% 1.8% 0.3%
Payout ratio (earnings) – 11.0% –
Payout ratio (FCF) – 14.3% –
Dividend growth (1Y) – 3.8% –
Dividend CAGR (3Y) – 3.8% –

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.

ConsensusMDLNWSTSTVN
Forward P/E 22.5xFY2026 41.6xFY2026 29.7xFY2026
EPS, next fiscal year $1.44FY2026 $9.56FY2026 $0.66FY2026
EPS growth, next FY +0.7%FY2026 +31.1%FY2026 +4.8%FY2026
EPS growth, the year after +13.9% +10.6% +15.2%
Revenue, next fiscal year $32.52BFY2026 $3.24BFY2026 $1.46BFY2026
Revenue growth, next FY +14.4%FY2026 +5.6%FY2026 +5.1%FY2026
Revenue growth, the year after +8.0% +16.8% +10.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersMDLNWSTSTVN
Held by institutions 85.5% 99.5% 16.4%
Institutions holding 407 833 126
Change in shares held, QoQ +17.9% -0.9% +0.4%
Institutions buying 322 448 61
Institutions selling 68 261 52
Buyers to sellers 4.74 1.72 1.17

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.

MDLNWSTSTVN
MDLN 1.00 0.09 -0.01
WST 0.09 1.00 0.48
STVN -0.01 0.48 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, MDLN, WST and STVN?

West Pharmaceutical Services (WST) is the largest by market capitalisation: Medline (MDLN) $27.74B, West Pharmaceutical Services (WST) $28.65B, Stevanato Group S.p.A (STVN) $5.30B.

Which stock is cheaper, MDLN, WST and STVN?

Medline (MDLN) trades on the lowest price-to-earnings ratio (Medline (MDLN) 33.1x, West Pharmaceutical Services (WST) 50.7x, Stevanato Group S.p.A (STVN) 33.7x). On next year's consensus earnings, Medline (MDLN) is cheapest (Medline (MDLN) 22.5x, West Pharmaceutical Services (WST) 41.6x, Stevanato Group S.p.A (STVN) 29.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Stevanato Group S.p.A (STVN) grew revenue fastest over the trailing twelve months: West Pharmaceutical Services (WST) +12.4%, Stevanato Group S.p.A (STVN) +14.8%.

Which company is more profitable?

West Pharmaceutical Services (WST) has the highest net margin (Medline (MDLN) 2.9%, West Pharmaceutical Services (WST) 17.0%, Stevanato Group S.p.A (STVN) 11.0%). On return on invested capital, West Pharmaceutical Services (WST) leads (Medline (MDLN) 5.4%, West Pharmaceutical Services (WST) 16.9%, Stevanato Group S.p.A (STVN) 7.2%).

Which stock has performed better?

Over the past year West Pharmaceutical Services (WST) returned the most: West Pharmaceutical Services (WST) +38.6%, Stevanato Group S.p.A (STVN) -24.5%. Over five years, West Pharmaceutical Services (WST) compounded fastest (West Pharmaceutical Services (WST) -1.1%/yr, Stevanato Group S.p.A (STVN) -5.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Medline (MDLN) 0.00%, West Pharmaceutical Services (WST) 0.00%, Stevanato Group S.p.A (STVN) 0.00%. Medline (MDLN) and Stevanato Group S.p.A (STVN) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, West Pharmaceutical Services (WST) has been the steadiest (Medline (MDLN) 44.6%, West Pharmaceutical Services (WST) 31.2%, Stevanato Group S.p.A (STVN) 45.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, MDLN, WST and STVN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, West Pharmaceutical Services (WST) 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.