PAHC vs NEOG vs ELAN Stock Comparison

Phibro Animal Health, Neogen and Elanco Animal Health Prices as of Oct 29, 2026 Peers: Industry group
NEOG Neogen Corp
$12.26 -3.7% 1M +96.8% 1Y
Market cap
$2.56B
P/E
–
Revenue (TTM)
$883.99M
Div. yield
–
Diagnostic Equipment Healthcare
1 win

Head to Head

10 decided of 12

Phibro Animal Health leads on 7 of the 12 questions below (Phibro Animal Health 7, Elanco Animal Health 2, Neogen 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPAHCNEOGELANLeader
Larger companyMarket capitalisation $1.57B $2.56B $11.51B ELAN
Cheaper on earningsLower P/E, profitable companies only 15.8x -45.6x -57.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 11.4x 38.3x 21.3x PAHC
Faster revenue growthRevenue growth, trailing twelve months +17.1% -0.3% +12.0% PAHC
More profitableNet margin, trailing twelve months 6.6% -6.3% -4.0% PAHC
Better return on capitalReturn on invested capital 14.2% -0.2% 6.1% PAHC
Less leveragedLower net debt / EBITDA 2.1x 5.4x 2.5x PAHC
Higher dividend yieldTrailing dividend yield 0.01% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -5.7% +96.8% +2.9% NEOG
Better 5-year returnAnnualised price return, 5 years +12.1%/yr -22.0%/yr -6.7%/yr PAHC
Less volatileAnnualised volatility, 1 year 55.6% 55.7% 42.3% ELAN
Higher overall scoreMean of the five percentile scores vs peers 68/100 57/100 66/100 PAHC

Percentile Scorecard

PAHCNEOGELAN

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

AxisPAHCNEOGELAN
Valuation 92 #51 of 624 73 #62 of 227 94 #39 of 624
Growth 85 #89 of 601 49 #111 of 218 56 #265 of 601
Profitability 85 #81 of 541 63 #76 of 202 84 #89 of 541
Financial Health 26 #481 of 647 47 #125 of 233 32 #441 of 647
Shareholder Returns 53 #169 of 359 55 #59 of 130 –
Overall 68 57 66
  • PAHC ranked among 671 companies in Pharmaceuticals and Biotechnology
  • NEOG ranked among 247 companies in Medical Devices and Diagnostics
  • ELAN 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

PeriodPAHCNEOGELANSPY
1 month +9.6%-3.7%+2.8% +0.7%
3 months +6.6%+6.3%-12.2% +3.7%
6 months -26.9%+30.4%+3.9% +7.1%
Year to date +4.0%+75.4%+2.7% +12.8%
1 year -5.7%+96.8%+2.9% +11.9%
3 years +255.2%-18.6%+163.8% +85.2%
3 years, per year +52.6%-6.6%+38.2% +22.8%
5 years +77.1%-71.0%-29.3% +67.6%
5 years, per year +12.1%-22.0%-6.7% +10.9%
10 years +49.2%-37.3%— +262.0%
10 years, per year +4.1%-4.6%— +13.7%

Risk

MeasurePAHCNEOGELANSPY
Volatility, 1Y 55.6%55.7%42.3% 12.7%
Downside volatility, 1Y 60.0%46.7%42.8% 12.6%
Beta vs S&P 500, 1Y 0.741.441.29 1.00
Return / volatility, 1Y -0.101.740.07 0.94
Max drawdown, 5Y -57.9%-90.6%-76.3% -25.4%
From 52-week high -34.8%-12.3%-13.4% -1.2%
52-week high $59.58$13.98$26.84 $779.14
52-week low $28.52$5.41$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.

MultiplePAHCNEOGELAN
P/E now vs peer median 15.8xmedian 17.8x -47.7xmedian 28.7x -58.3xmedian 17.8x
P/S now vs peer median 1.0xmedian 9.1x 3.0xmedian 3.0x 2.3xmedian 9.1x
EV/EBITDA now vs peer median 8.3xmedian 15.0x 29.6xmedian 17.8x 11.3xmedian 15.0x
P/FCF now vs peer median 159.7xmedian 21.7x 53.7xmedian 26.4x 30.6xmedian 21.7x
P/B now vs peer median 4.1xmedian 2.2x 1.3xmedian 2.4x 1.8xmedian 2.2x
PEG now vs peer median 0.35median 0.35 1.70median 0.99 2.96median 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 monthsPAHCNEOGELAN
Revenue $1.52B $883.99M $5.02B
Gross profit $512.52M $418.98M $2.78B
Operating income $194.40M -$7.38M $637.00M
Net income $99.72M -$56.10M -$199.00M
Free cash flow $9.87M $49.80M $379.00M
R&D – $19.76M $371.00M
EPS (diluted) $2.43 $-0.26 $-0.39
Cash & equivalents $61.42M $172.00M $530.00M
Total debt $2.49B $774.20M $3.92B
Shares (diluted) 40.96M 218.10M 505.90M
Enterprise value $1.25B $1.89B $9.50B

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
MetricPAHCNEOGELAN
P/E 15.8x -47.7x -58.3x
P/FCF 159.7x 53.7x 30.6x
P/Operating cash flow 22.9x 31.4x 18.8x
P/S 1.0x 3.0x 2.3x
P/B 4.1x 1.3x 1.8x
P/Tangible book 4.4x 3.4x 3.4x
EV/EBITDA 8.3x 29.6x 11.3x
EV/EBIT 10.9x -444.4x 23.5x
EV/Revenue 1.4x 3.7x 3.0x
EV/FCF 213.9x 65.8x 39.6x
EV/Operating cash flow 30.6x 38.4x 24.3x
PEG (3Y EPS CAGR) 0.35 1.70 2.96

Growth

14 metrics
MetricPAHCNEOGELAN
Revenue growth (1Y) 17.1% -0.3% 12.0%
Revenue CAGR (3Y) 15.8% -1.3% 5.1%
Gross profit growth (1Y) 28.1% 1.8% 13.2%
Gross profit CAGR (3Y) 19.8% -3.1% 3.9%
Operating income growth (1Y) 76.0% 99.3% 22.0%
Operating income CAGR (3Y) 39.3% -29.0% 59.8%
Net income growth (1Y) 106.6% 94.6% -145.9%
Net income CAGR (3Y) 45.2% -28.3% -20.8%
EPS growth (1Y) 105.2% 94.6% -145.3%
EPS CAGR (3Y) 44.6% -28.0% -19.7%
Operating cash flow growth (1Y) -13.9% -1.9% 7.9%
Operating cash flow CAGR (3Y) 73.0% 2.9% 73.6%
Free cash flow growth (1Y) -76.4% 1,631% 5.0%
Free cash flow CAGR (3Y) 31.2% 126.1% 101.8%

Profitability

14 metrics
MetricPAHCNEOGELAN
Gross margin 33.8% 47.4% 55.4%
EBITDA margin 16.8% 12.5% 26.5%
Operating margin 12.8% -0.8% 12.7%
Pretax margin 9.0% -7.7% -3.3%
Net margin 6.6% -6.3% -4.0%
FCF margin 0.6% 5.6% 7.5%
Operating cash flow margin 4.5% 9.6% 12.3%
Return on equity 26.7% -2.7% -3.0%
Return on assets 6.8% -1.7% -1.5%
Return on invested capital 14.2% -0.2% 6.1%
Return on capital employed 16.8% -0.2% 5.5%
Asset turnover 1.0x 0.3x 0.4x
Cash conversion (OCF / net income) 0.7x -1.5x -3.1x
Stock comp / revenue 0.1% 1.3% 1.5%

Financial Health

11 metrics
MetricPAHCNEOGELAN
Debt / assets 41.1% 23.4% 28.9%
Debt / equity 1.6x 0.4x 0.6x
Net debt / EBITDA 2.1x 5.4x 2.5x
Debt / FCF 62.5x 15.5x 10.3x
Liabilities / assets 74.3% 36.8% 51.4%
Equity / assets 25.7% 63.2% 48.6%
Interest coverage 4.2x – 2.6x
Current ratio 3.0x 3.9x 2.1x
Quick ratio 1.1x 2.1x 0.9x
Cash ratio 0.3x 1.2x 0.3x
Altman Z-score 3.11 1.50 1.48

Shareholder Returns

7 metrics
MetricPAHCNEOGELAN
Dividend yield 1.2% – –
Net buyback yield – -0.1% –
Shareholder yield 1.2% -0.1% –
Payout ratio (earnings) 19.5% – –
Payout ratio (FCF) 197.3% – –
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.

ConsensusPAHCNEOGELAN
Forward P/E 11.4xFY2027 38.3xFY2026 21.3xFY2026
EPS, next fiscal year $3.42FY2027 $0.32FY2026 $1.09FY2026
EPS growth, next FY +6.2%FY2027 0.0%FY2026 +16.0%FY2026
EPS growth, the year after +9.6% +31.3% +23.9%
Revenue, next fiscal year $1.53BFY2027 $847.28MFY2026 $4.79BFY2026
Revenue growth, next FY +0.6%FY2027 -2.7%FY2026 +1.6%FY2026
Revenue growth, the year after -0.2% -1.5% +19.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPAHCNEOGELAN
Held by institutions 51.5% 100.0% 100.0%
Institutions holding 209 315 524
Change in shares held, QoQ +3.0% +1.6% +4.4%
Institutions buying 117 151 246
Institutions selling 74 106 210
Buyers to sellers 1.58 1.42 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.

PAHCNEOGELAN
PAHC 1.00 0.21 0.51
NEOG 0.21 1.00 0.26
ELAN 0.51 0.26 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PAHC, NEOG and ELAN?

Elanco Animal Health (ELAN) is the largest by market capitalisation: Phibro Animal Health (PAHC) $1.57B, Neogen (NEOG) $2.56B, Elanco Animal Health (ELAN) $11.51B.

Which company is growing faster?

Phibro Animal Health (PAHC) grew revenue fastest over the trailing twelve months: Phibro Animal Health (PAHC) +17.1%, Neogen (NEOG) -0.3%, Elanco Animal Health (ELAN) +12.0%.

Which company is more profitable?

Phibro Animal Health (PAHC) has the highest net margin (Phibro Animal Health (PAHC) 6.6%, Neogen (NEOG) -6.3%, Elanco Animal Health (ELAN) -4.0%). On return on invested capital, Phibro Animal Health (PAHC) leads (Phibro Animal Health (PAHC) 14.2%, Neogen (NEOG) -0.2%, Elanco Animal Health (ELAN) 6.1%).

Which stock has performed better?

Over the past year Neogen (NEOG) returned the most: Phibro Animal Health (PAHC) -5.7%, Neogen (NEOG) +96.8%, Elanco Animal Health (ELAN) +2.9%. Over five years, Phibro Animal Health (PAHC) compounded fastest (Phibro Animal Health (PAHC) +12.1%/yr, Neogen (NEOG) -22.0%/yr, Elanco Animal Health (ELAN) -6.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

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

Which stock is riskier?

By one-year price volatility, Elanco Animal Health (ELAN) has been the steadiest (Phibro Animal Health (PAHC) 55.6%, Neogen (NEOG) 55.7%, Elanco Animal Health (ELAN) 42.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PAHC, NEOG 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, Phibro Animal Health (PAHC) leads on 7. 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.