PFE vs JNJ vs LLY Stock Comparison

Pfizer, Johnson & Johnson and Eli Lilly Prices as of Nov 4, 2026 Peers: Industry group
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PFE Pfizer Inc
$30.79 +12.3% 1M +26.7% 1Y
Market cap
$174.22B
P/E
43.2x
Revenue (TTM)
$63.63B
Div. yield
0.06%
Pharmaceuticals Healthcare
2 wins
JNJ Johnson & Johnson
$276.33 +9.3% 1M +47.9% 1Y
Market cap
$664.04B
P/E
41.3x
Revenue (TTM)
$99.34B
Div. yield
0.02%
Pharmaceuticals Healthcare
3 wins
LLY ELI LILLY & Co
$1,417.72 +23.8% 1M +56.3% 1Y
Market cap
$1.24T
P/E
45.1x
Revenue (TTM)
$86.46B
Div. yield
–
Pharmaceuticals Healthcare
7 wins

Head to Head

12 decided of 12

Eli Lilly leads on 7 of the 12 questions below (Eli Lilly 7, Johnson & Johnson 3, Pfizer 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPFEJNJLLYLeader
Larger companyMarket capitalisation $174.22B $664.04B $1.24T LLY
Cheaper on earningsLower P/E, profitable companies only 43.2x 41.3x 45.1x JNJ
Cheaper on forward earningsLower price / next fiscal year consensus EPS 10.8x 25.8x 43.8x PFE
Faster revenue growthRevenue growth, trailing twelve months +1.3% +7.8% +45.5% LLY
More profitableNet margin, trailing twelve months 6.3% 16.2% 31.9% LLY
Better return on capitalReturn on invested capital 12.3% 17.6% 38.2% LLY
Less leveragedLower net debt / EBITDA 1.9x 0.8x 1.0x JNJ
Higher dividend yieldTrailing dividend yield 0.06% 0.02% 0.00% PFE
Better 1-year returnPrice return, last 12 months +26.7% +47.9% +56.3% LLY
Better 5-year returnAnnualised price return, 5 years -8.7%/yr +11.1%/yr +39.9%/yr LLY
Less volatileAnnualised volatility, 1 year 21.9% 21.2% 35.0% JNJ
Higher overall scoreMean of the five percentile scores vs peers 68/100 67/100 72/100 LLY

Percentile Scorecard

PFEJNJLLY

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

AxisPFEJNJLLY
Valuation 95 #34 of 634 86 #91 of 634 77 #150 of 634
Growth 35 #394 of 607 41 #357 of 607 96 #24 of 607
Profitability 92 #45 of 557 94 #35 of 557 98 #10 of 557
Financial Health 27 #477 of 654 41 #386 of 654 28 #470 of 654
Shareholder Returns 90 #42 of 400 75 #99 of 400 62 #151 of 400
Overall 68 67 72
  • PFE ranked among 671 companies in Pharmaceuticals and Biotechnology
  • JNJ ranked among 671 companies in Pharmaceuticals and Biotechnology
  • LLY 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

PeriodPFEJNJLLYSPY
1 month +12.3%+9.3%+23.8% -1.0%
3 months +19.3%+7.3%+21.3% -0.4%
6 months +16.1%+23.0%+43.6% +4.5%
Year to date +23.7%+33.5%+31.9% +12.4%
1 year +26.7%+47.9%+56.3% +13.6%
3 years -1.5%+82.6%+149.7% +76.4%
3 years, per year -0.5%+22.2%+35.7% +20.8%
5 years -36.7%+69.1%+435.0% +63.7%
5 years, per year -8.7%+11.1%+39.9% +10.4%
10 years +2.6%+140.1%+1,855.7% +267.7%
10 years, per year +0.3%+9.2%+34.6% +13.9%

Risk

MeasurePFEJNJLLYSPY
Volatility, 1Y 21.9%21.2%35.0% 12.8%
Downside volatility, 1Y 21.3%20.1%29.8% 12.7%
Beta vs S&P 500, 1Y 0.21-0.160.21 1.00
Return / volatility, 1Y 1.222.261.61 1.06
Max drawdown, 5Y -64.8%-23.6%-34.8% -25.4%
From 52-week high 0.0%-0.8%0.0% -1.6%
52-week high $30.79$278.47$1,417.72 $779.14
52-week low $23.67$186.00$851.21 $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.

MultiplePFEJNJLLY
P/E now vs peer median 43.5xmedian 18.0x 41.4xmedian 18.0x 45.8xmedian 18.0x
P/S now vs peer median 2.8xmedian 9.1x 6.7xmedian 9.1x 15.4xmedian 9.1x
EV/EBITDA now vs peer median 8.6xmedian 16.2x 20.8xmedian 16.2x 30.5xmedian 16.2x
P/FCF now vs peer median 14.9xmedian 21.7x 32.3xmedian 21.7x 67.8xmedian 21.7x
P/B now vs peer median 2.0xmedian 2.2x 8.2xmedian 2.2x 33.1xmedian 2.2x
PEG now vs peer median -1.57median 0.38 -1.93median 0.38 0.59median 0.38

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 monthsPFEJNJLLY
Revenue $63.63B $99.34B $86.46B
Gross profit $46.69B $67.11B $72.31B
Operating income $19.40B $25.19B $42.95B
Net income $4.06B $16.10B $27.58B
Free cash flow $11.79B $20.59B $19.66B
R&D $11.52B $16.08B $15.38B
EPS (diluted) $0.70 $6.57 $30.87
Cash & equivalents $1.82B $16.91B $4.89B
Total debt $62.67B $44.65B $49.50B
Shares (diluted) 5.75B 2.45B 893.40M
Enterprise value $121.58B $583.90B $1.22T

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
MetricPFEJNJLLY
P/E 43.5x 41.4x 45.8x
P/FCF 14.9x 32.3x 67.8x
P/Operating cash flow 12.4x 25.4x 43.5x
P/S 2.8x 6.7x 15.4x
P/B 2.0x 8.2x 33.1x
P/Tangible book 4.0x 19.1x 60.1x
EV/EBITDA 8.6x 20.8x 30.5x
EV/EBIT 11.5x 27.5x 32.1x
EV/Revenue 3.5x 7.0x 15.9x
EV/FCF 19.0x 33.6x 70.1x
EV/Operating cash flow 15.8x 26.5x 45.0x
PEG (3Y EPS CAGR) -1.57 -1.93 0.59

Growth

14 metrics
MetricPFEJNJLLY
Revenue growth (1Y) 1.3% 7.8% 45.5%
Revenue CAGR (3Y) -3.2% 5.9% 39.2%
Gross profit growth (1Y) 1.3% 7.0% 46.6%
Gross profit CAGR (3Y) 2.7% 5.1% 42.0%
Operating income growth (1Y) -4.3% 7.4% 67.5%
Operating income CAGR (3Y) 7.4% 1.4% 66.4%
Net income growth (1Y) -58.9% -35.9% 49.8%
Net income CAGR (3Y) -27.2% -22.5% 76.8%
EPS growth (1Y) -59.2% -36.4% 50.7%
EPS CAGR (3Y) -27.7% -21.5% 77.2%
Operating cash flow growth (1Y) 8.4% 8.1% 90.8%
Operating cash flow CAGR (3Y) 5.6% 12.4% 70.2%
Free cash flow growth (1Y) 13.6% 5.1% 112.1%
Free cash flow CAGR (3Y) 13.0% 14.5% 80.6%

Profitability

14 metrics
MetricPFEJNJLLY
Gross margin 73.4% 67.6% 83.6%
EBITDA margin 40.7% 33.5% 52.2%
Operating margin 30.5% 25.4% 49.7%
Pretax margin 6.7% 17.9% 40.2%
Net margin 6.3% 16.2% 31.9%
FCF margin 18.5% 20.7% 22.7%
Operating cash flow margin 22.3% 26.3% 35.4%
Return on equity 4.7% 19.3% 74.4%
Return on assets 2.0% 8.1% 19.0%
Return on invested capital 12.3% 17.6% 38.2%
Return on capital employed 11.3% 17.5% 43.7%
Asset turnover 0.3x 0.5x 0.6x
Cash conversion (OCF / net income) 3.5x 1.6x 1.1x
Stock comp / revenue 1.7% 1.4% 0.8%

Financial Health

11 metrics
MetricPFEJNJLLY
Debt / assets 30.6% 22.6% 33.4%
Debt / equity 0.7x 0.5x 1.2x
Net debt / EBITDA 1.9x 0.8x 1.0x
Debt / FCF 5.3x 2.2x 2.5x
Liabilities / assets 56.4% 58.7% 72.8%
Equity / assets 43.6% 41.3% 27.2%
Interest coverage – 25.6x –
Current ratio 1.4x 1.0x 1.4x
Quick ratio 0.9x 0.7x 0.6x
Cash ratio 0.4x 0.3x 0.1x
Altman Z-score 2.40 5.57 9.47

Shareholder Returns

7 metrics
MetricPFEJNJLLY
Dividend yield 5.6% 1.9% 0.5%
Net buyback yield – 0.6% 0.4%
Shareholder yield 5.6% 2.5% 0.9%
Payout ratio (earnings) 241.2% 79.0% –
Payout ratio (FCF) 83.1% 61.8% –
Dividend growth (1Y) 0.9% 3.9% –
Dividend CAGR (3Y) 2.2% 1.0% –

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.

ConsensusPFEJNJLLY
Forward P/E 10.8xFY2026 25.8xFY2026 43.8xFY2026
EPS, next fiscal year $2.85FY2026 $10.72FY2026 $32.40FY2026
EPS growth, next FY -11.5%FY2026 -0.6%FY2026 +33.8%FY2026
EPS growth, the year after -4.6% +5.9% +42.2%
Revenue, next fiscal year $60.59BFY2026 $106.54BFY2026 $85.28BFY2026
Revenue growth, next FY -3.2%FY2026 +13.1%FY2026 +30.8%FY2026
Revenue growth, the year after +3.9% +7.0% +17.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPFEJNJLLY
Held by institutions 66.9% 74.7% 83.7%
Institutions holding 2,841 4,697 4,634
Change in shares held, QoQ +2.0% +1.8% +1.5%
Institutions buying 1,327 2,296 2,636
Institutions selling 1,205 1,899 1,471
Buyers to sellers 1.10 1.21 1.79

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.

PFEJNJLLY
PFE 1.00 0.35 0.44
JNJ 0.35 1.00 0.47
LLY 0.44 0.47 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PFE, JNJ and LLY?

Eli Lilly (LLY) is the largest by market capitalisation: Pfizer (PFE) $174.22B, Johnson & Johnson (JNJ) $664.04B, Eli Lilly (LLY) $1.24T.

Which stock is cheaper, PFE, JNJ and LLY?

Johnson & Johnson (JNJ) trades on the lowest price-to-earnings ratio (Pfizer (PFE) 43.2x, Johnson & Johnson (JNJ) 41.3x, Eli Lilly (LLY) 45.1x). On next year's consensus earnings, Pfizer (PFE) is cheapest (Pfizer (PFE) 10.8x, Johnson & Johnson (JNJ) 25.8x, Eli Lilly (LLY) 43.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Eli Lilly (LLY) grew revenue fastest over the trailing twelve months: Pfizer (PFE) +1.3%, Johnson & Johnson (JNJ) +7.8%, Eli Lilly (LLY) +45.5%.

Which company is more profitable?

Eli Lilly (LLY) has the highest net margin (Pfizer (PFE) 6.3%, Johnson & Johnson (JNJ) 16.2%, Eli Lilly (LLY) 31.9%). On return on invested capital, Eli Lilly (LLY) leads (Pfizer (PFE) 12.3%, Johnson & Johnson (JNJ) 17.6%, Eli Lilly (LLY) 38.2%).

Which stock has performed better?

Over the past year Eli Lilly (LLY) returned the most: Pfizer (PFE) +26.7%, Johnson & Johnson (JNJ) +47.9%, Eli Lilly (LLY) +56.3%. Over five years, Eli Lilly (LLY) compounded fastest (Pfizer (PFE) -8.7%/yr, Johnson & Johnson (JNJ) +11.1%/yr, Eli Lilly (LLY) +39.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Pfizer (PFE) has the highest dividend yield: Pfizer (PFE) 0.06%, Johnson & Johnson (JNJ) 0.02%, Eli Lilly (LLY) 0.00%. Eli Lilly (LLY) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Johnson & Johnson (JNJ) has been the steadiest (Pfizer (PFE) 21.9%, Johnson & Johnson (JNJ) 21.2%, Eli Lilly (LLY) 35.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PFE, JNJ and LLY?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Eli Lilly (LLY) 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.