PRE vs VREX vs HTFL Stock Comparison

Prenetics Global, Varex Imaging and Heartflow Prices as of Oct 26, 2026 Peers: Industry group
PRE Prenetics Global Ltd
$18.37 -20.0% 1M +9.6% 1Y
Market cap
$259.05M
P/E
–
Revenue (TTM)
$185.92M
Div. yield
–
Diagnostic Equipment Healthcare
1 win
VREX Varex Imaging Corp
$18.41 -0.2% 1M +53.5% 1Y
Market cap
$776.53M
P/E
35.1x
Revenue (TTM)
$865.00M
Div. yield
–
Diagnostic Equipment Healthcare
4 wins
HTFL Heartflow, Inc.
$57.01 +15.9% 1M +50.5% 1Y
Market cap
$5.00B
P/E
–
Revenue (TTM)
$202.91M
Div. yield
–
Diagnostic Equipment Healthcare
2 wins

Head to Head

7 decided of 12

Varex Imaging leads on 4 of the 12 questions below (Varex Imaging 4, Heartflow 2, Prenetics Global 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPREVREXHTFLLeader
Larger companyMarket capitalisation $259.05M $776.53M $5.00B HTFL
Cheaper on earningsLower P/E, profitable companies only -3.6x 35.1x -49.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 21.2x — –
Faster revenue growthRevenue growth, trailing twelve months +513.0% +5.3% +42.5% PRE
More profitableNet margin, trailing twelve months -38.2% 2.6% -49.4% VREX
Better return on capitalReturn on invested capital — 6.9% — –
Less leveragedLower net debt / EBITDA — 2.5x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +9.6% +53.5% +50.5% VREX
Better 5-year returnAnnualised price return, 5 years -30.7%/yr -7.0%/yr — VREX
Less volatileAnnualised volatility, 1 year 81.2% 57.6% 76.9% VREX
Higher overall scoreMean of the five percentile scores vs peers 52/100 51/100 57/100 HTFL

Percentile Scorecard

PREVREXHTFL

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

AxisPREVREXHTFL
Valuation 38 #142 of 228 87 #31 of 228 8 #209 of 228
Growth 69 #69 of 221 23 #170 of 221 78 #50 of 221
Profitability 42 #121 of 208 66 #71 of 208 49 #107 of 208
Financial Health 58 #102 of 239 41 #141 of 239 91 #22 of 239
Shareholder Returns – 36 #88 of 137 –
Overall 52 51 57
  • PRE ranked among 248 companies in Medical Devices and Diagnostics
  • VREX ranked among 248 companies in Medical Devices and Diagnostics
  • HTFL ranked among 248 companies in Medical Devices and Diagnostics

Price Performance

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

Returns

PeriodPREVREXHTFLSPY
1 month -20.0%-0.2%+15.9% -0.8%
3 months -3.0%+67.7%+124.7% +3.5%
6 months -6.4%+44.8%+79.7% +7.0%
Year to date +16.6%+58.0%+95.6% +12.2%
1 year +9.6%+53.5%+50.5% +13.0%
3 years +227.8%+6.4%— +86.3%
3 years, per year +48.6%+2.1%— +23.1%
5 years -84.0%-30.3%— +68.6%
5 years, per year -30.7%-7.0%— +11.0%

Risk

MeasurePREVREXHTFLSPY
Volatility, 1Y 81.2%57.6%76.9% 12.7%
Downside volatility, 1Y 74.2%50.0%77.5% 12.7%
Beta vs S&P 500, 1Y 1.521.111.90 1.00
Return / volatility, 1Y 0.120.930.66 1.02
Max drawdown, 5Y -97.6%-78.8%-48.7% -25.4%
From 52-week high -30.0%-0.9%0.0% -1.8%
52-week high $26.25$18.58$57.01 $779.14
52-week low $11.79$9.32$20.49 $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.

MultiplePREVREXHTFL
P/E now vs peer median -3.6xmedian 30.6x 35.1xmedian 30.6x -49.2xmedian 30.6x
P/S now vs peer median 1.7xmedian 3.0x 0.9xmedian 3.0x 24.4xmedian 3.0x
EV/EBITDA now vs peer median -4.1xmedian 17.5x 10.1xmedian 17.5x —median 17.5x
P/FCF now vs peer median -6.0xmedian 23.3x -38.4xmedian 23.3x —median 23.3x
P/B now vs peer median 3.3xmedian 2.4x 1.5xmedian 2.4x 17.7xmedian 2.4x
PEG now vs peer median -0.07median 0.87 -9.15median 0.87 —median 0.87

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 monthsPREVREXHTFL
Revenue $185.92M $865.00M $202.91M
Gross profit $88.89M $296.90M $160.45M
Operating income -$61.83M $72.20M -$64.46M
Net income -$71.99M $22.40M -$100.19M
Free cash flow -$51.49M -$20.20M –
R&D $4.11M $91.40M $77.26M
EPS (diluted) $-5.06 $0.52 $-1.16
Cash & equivalents $59.05M $99.20M $34.36M
Total debt – $347.10M –
Shares (diluted) 14.05M 42.60M 86.40M
Enterprise value $122.87M $308.33M $4.75B

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
MetricPREVREXHTFL
P/E -3.6x 35.1x -49.2x
P/FCF -6.0x -38.4x –
P/Operating cash flow -6.0x 68.7x –
P/S 1.7x 0.9x 24.4x
P/B 3.3x 1.5x 17.7x
P/Tangible book 3.3x 1.6x 17.7x
EV/EBITDA -4.1x 10.1x –
EV/EBIT -4.1x 14.2x -72.9x
EV/Revenue 1.3x 1.2x 23.1x
EV/FCF -4.9x -50.7x –
EV/Operating cash flow -4.9x 90.6x –
PEG (3Y EPS CAGR) -0.07 -9.15 –

Growth

14 metrics
MetricPREVREXHTFL
Revenue growth (1Y) 513.0% 5.3% 42.5%
Revenue CAGR (3Y) 115.5% -1.2% –
Gross profit growth (1Y) 413.6% 6.1% 48.8%
Gross profit CAGR (3Y) 127.9% 1.2% –
Operating income growth (1Y) -49.2% 297.8% -9.5%
Operating income CAGR (3Y) -1.9% -2.3% –
Net income growth (1Y) -60.1% 116.7% -18.3%
Net income CAGR (3Y) -16.5% -9.2% –
EPS growth (1Y) -28.5% 116.1% 91.4%
EPS CAGR (3Y) 52.8% -3.8% –
Operating cash flow growth (1Y) – -81.1% –
Operating cash flow CAGR (3Y) – -47.6% –
Free cash flow growth (1Y) – -155.5% –
Free cash flow CAGR (3Y) – -33.5% –

Profitability

14 metrics
MetricPREVREXHTFL
Gross margin 47.8% 34.3% 79.1%
EBITDA margin -32.6% 11.7% –
Operating margin -33.3% 8.3% -31.8%
Pretax margin -24.2% 3.2% -49.4%
Net margin -38.2% 2.6% -49.4%
FCF margin -27.7% -2.3% –
Operating cash flow margin -27.7% 1.3% –
Return on equity -67.3% 4.5% -34.5%
Return on assets -43.8% 2.1% -28.5%
Return on invested capital – 6.9% –
Return on capital employed -48.3% 8.0% -20.9%
Asset turnover 1.1x 0.8x 0.6x
Cash conversion (OCF / net income) 0.7x 0.5x –
Stock comp / revenue 3.4% 1.7% 9.6%

Financial Health

11 metrics
MetricPREVREXHTFL
Debt / assets – 31.6% –
Debt / equity – 0.7x –
Net debt / EBITDA – 2.5x –
Debt / FCF – -17.2x –
Liabilities / assets 39.5% 53.6% 18.8%
Equity / assets 60.5% 46.4% 81.2%
Interest coverage – 1.9x –
Current ratio 4.0x 3.4x 5.1x
Quick ratio 1.8x 1.3x 6.6x
Cash ratio 1.6x 0.5x 5.6x
Altman Z-score – 2.28 41.82

Shareholder Returns

7 metrics
MetricPREVREXHTFL
Dividend yield – – –
Net buyback yield – -0.4% –
Shareholder yield 0.0% -0.4% –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

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.

ConsensusPREVREXHTFL
Forward P/E – 21.2xFY2026 –
EPS, next fiscal year $-3.42FY2026 $0.87FY2026 $-0.43FY2026
EPS growth, next FY – -3.3%FY2026 –
EPS growth, the year after – +14.9% –
Revenue, next fiscal year $234.43MFY2026 $829.68MFY2026 $261.38MFY2026
Revenue growth, next FY +153.7%FY2026 -1.8%FY2026 +48.5%FY2026
Revenue growth, the year after +65.3% +2.3% +20.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPREVREXHTFL
Held by institutions – 95.2% 100.0%
Institutions holding – 186 192
Change in shares held, QoQ – -2.7% +133.0%
Institutions buying – 98 140
Institutions selling – 58 38
Buyers to sellers – 1.69 3.68

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.

PREVREXHTFL
PRE 1.00 0.08 0.18
VREX 0.08 1.00 0.18
HTFL 0.18 0.18 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PRE, VREX and HTFL?

Heartflow (HTFL) is the largest by market capitalisation: Prenetics Global (PRE) $259.05M, Varex Imaging (VREX) $776.53M, Heartflow (HTFL) $5.00B.

Which company is growing faster?

Prenetics Global (PRE) grew revenue fastest over the trailing twelve months: Prenetics Global (PRE) +513.0%, Varex Imaging (VREX) +5.3%, Heartflow (HTFL) +42.5%.

Which company is more profitable?

Varex Imaging (VREX) has the highest net margin (Prenetics Global (PRE) -38.2%, Varex Imaging (VREX) 2.6%, Heartflow (HTFL) -49.4%).

Which stock has performed better?

Over the past year Varex Imaging (VREX) returned the most: Prenetics Global (PRE) +9.6%, Varex Imaging (VREX) +53.5%, Heartflow (HTFL) +50.5%. Over five years, Varex Imaging (VREX) compounded fastest (Prenetics Global (PRE) -30.7%/yr, Varex Imaging (VREX) -7.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Varex Imaging (VREX) has been the steadiest (Prenetics Global (PRE) 81.2%, Varex Imaging (VREX) 57.6%, Heartflow (HTFL) 76.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PRE, VREX and HTFL?

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