RDY vs ALVO vs VTRS Stock Comparison

Dr Reddys Laboratories, Alvotech and Viatris Prices as of Oct 28, 2026 Peers: Industry group
ALVO Alvotech
$4.94 -19.7% 1M -37.2% 1Y
Market cap
$1.42B
P/E
–
Revenue (TTM)
$105.94M
Div. yield
–
Generic Drugs Healthcare
VTRS Viatris Inc
$18.77 +2.7% 1M +82.4% 1Y
Market cap
$22.31B
P/E
–
Revenue (TTM)
$14.74B
Div. yield
–
Generic Drugs Healthcare
6 wins

Head to Head

10 decided of 12

Viatris leads on 6 of the 12 questions below (Viatris 6, Dr Reddys Laboratories 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionRDYALVOVTRSLeader
Larger companyMarket capitalisation $11.74B $1.42B $22.31B VTRS
Cheaper on earningsLower P/E, profitable companies only 32.3x -5.4x -54.3x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 29.5x — 7.2x VTRS
Faster revenue growthRevenue growth, trailing twelve months -10.5% -74.3% +4.4% VTRS
More profitableNet margin, trailing twelve months 10.2% -248.0% -2.8% RDY
Better return on capitalReturn on invested capital 5.6% 4.4% -0.2% RDY
Less leveragedLower net debt / EBITDA 1.2x 13.1x 4.6x RDY
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -3.1% -37.2% +82.4% VTRS
Better 5-year returnAnnualised price return, 5 years +2.9%/yr -13.0%/yr +7.1%/yr VTRS
Less volatileAnnualised volatility, 1 year 27.7% 81.7% 32.3% RDY
Higher overall scoreMean of the five percentile scores vs peers 58/100 48/100 66/100 VTRS

Percentile Scorecard

RDYALVOVTRS

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

AxisRDYALVOVTRS
Valuation 91 #57 of 625 72 #173 of 625 93 #43 of 625
Growth 10 #540 of 602 35 #394 of 602 48 #312 of 602
Profitability 83 #94 of 549 68 #174 of 549 81 #103 of 549
Financial Health 44 #369 of 654 16 #553 of 654 22 #508 of 654
Shareholder Returns 62 #142 of 367 – 86 #54 of 367
Overall 58 48 66
  • RDY ranked among 672 companies in Pharmaceuticals and Biotechnology
  • ALVO ranked among 672 companies in Pharmaceuticals and Biotechnology
  • VTRS 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

PeriodRDYALVOVTRSSPY
1 month +13.1%-19.7%+2.7% +0.9%
3 months +20.2%+39.9%+5.3% +5.9%
6 months +3.1%+49.7%+25.4% +8.5%
Year to date +0.8%-3.7%+50.8% +13.3%
1 year -3.1%-37.2%+82.4% +12.4%
3 years +8.8%-45.0%+114.0% +88.1%
3 years, per year +2.8%-18.1%+28.9% +23.5%
5 years +15.2%-50.1%+40.6% +68.2%
5 years, per year +2.9%-13.0%+7.1% +11.0%
10 years +42.5%—-49.5% +263.4%
10 years, per year +3.6%—-6.6% +13.8%

Risk

MeasureRDYALVOVTRSSPY
Volatility, 1Y 27.7%81.7%32.3% 12.7%
Downside volatility, 1Y 30.3%86.3%29.7% 12.7%
Beta vs S&P 500, 1Y 0.280.750.70 1.00
Return / volatility, 1Y -0.11-0.462.55 0.98
Max drawdown, 5Y -32.3%-82.6%-52.9% -25.4%
From 52-week high -8.0%-37.5%0.0% -0.9%
52-week high $15.38$7.90$18.77 $779.14
52-week low $11.40$3.00$10.11 $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.

MultipleRDYALVOVTRS
P/E now vs peer median 32.4xmedian 17.4x -5.4xmedian 17.4x -53.2xmedian 17.4x
P/S now vs peer median 3.3xmedian 9.1x 14.5xmedian 9.1x 1.5xmedian 9.1x
EV/EBITDA now vs peer median 23.5xmedian 17.1x 30.4xmedian 17.1x 12.5xmedian 17.1x
P/FCF now vs peer median 846.2xmedian 19.0x -5.9xmedian 19.0x 11.0xmedian 19.0x
P/B now vs peer median 2.9xmedian 2.2x -8.0xmedian 2.2x 1.5xmedian 2.2x
PEG now vs peer median -1.52median 0.34 -0.22median 0.34 1.74median 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 monthsRDYALVOVTRS
Revenue $3.56B $105.94M $14.74B
Gross profit $1.76B $7.66M $5.13B
Operating income $347.04M $47.54M -$87.30M
Net income $299.19M -$179.60M -$410.70M
Free cash flow $13.96M -$261.39M $1.95B
R&D $244.48M $46.37M $1.02B
EPS (diluted) $0.44 $-0.90 $-0.35
Cash & equivalents $138.41M $142.80M $886.50M
Total debt $752.59M $1.31B $13.35B
Shares (diluted) 833.33M 291.34M 1.16B
Enterprise value $11.08B $980.51M $17.32B

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
MetricRDYALVOVTRS
P/E 32.4x -5.4x -53.2x
P/FCF 846.2x -5.9x 11.0x
P/Operating cash flow 34.7x -7.8x 9.2x
P/S 3.3x 14.5x 1.5x
P/B 2.9x -8.0x 1.5x
P/Tangible book 4.0x -4.6x 36.9x
EV/EBITDA 23.5x 30.4x 12.5x
EV/EBIT 35.8x 56.9x -389.7x
EV/Revenue 3.5x 25.5x 2.3x
EV/FCF 890.2x -10.3x 17.4x
EV/Operating cash flow 36.5x -13.6x 14.6x
PEG (3Y EPS CAGR) -1.52 -0.22 1.74

Growth

14 metrics
MetricRDYALVOVTRS
Revenue growth (1Y) -10.5% -74.3% 4.4%
Revenue CAGR (3Y) 3.2% 104.2% -1.9%
Gross profit growth (1Y) -21.5% -95.0% -0.7%
Gross profit CAGR (3Y) -2.3% 27.6% -6.0%
Operating income growth (1Y) -58.2% -13.3% 96.6%
Operating income CAGR (3Y) -24.1% 28.9% -27.6%
Net income growth (1Y) -55.9% -383.6% 88.2%
Net income CAGR (3Y) -21.5% 24.4% -30.5%
EPS growth (1Y) -54.1% -481.6% 88.1%
EPS CAGR (3Y) -21.3% 24.6% -30.6%
Operating cash flow growth (1Y) -39.6% -367.1% 12.9%
Operating cash flow CAGR (3Y) -27.1% 12.8% -3.0%
Free cash flow growth (1Y) -98.4% -113.0% 11.6%
Free cash flow CAGR (3Y) -73.6% 8.6% -3.6%

Profitability

14 metrics
MetricRDYALVOVTRS
Gross margin 49.5% 7.2% 34.8%
EBITDA margin 14.9% 83.9% 18.4%
Operating margin 9.7% 44.9% -0.6%
Pretax margin 10.7% -62.1% -4.5%
Net margin 10.2% -248.0% -2.8%
FCF margin 0.4% -246.7% 13.3%
Operating cash flow margin 9.5% -187.6% 15.8%
Return on equity 7.4% – -2.8%
Return on assets 5.0% -17.5% -1.1%
Return on invested capital 5.6% 4.4% -0.2%
Return on capital employed 7.9% 4.1% -0.3%
Asset turnover 0.6x 0.1x 0.4x
Cash conversion (OCF / net income) 1.1x 1.1x -5.7x
Stock comp / revenue 0.1% 8.7% 1.2%

Financial Health

11 metrics
MetricRDYALVOVTRS
Debt / assets 12.6% 82.3% 38.1%
Debt / equity 0.2x -6.8x 0.9x
Net debt / EBITDA 1.2x 13.1x 4.6x
Debt / FCF 53.9x -5.0x 6.8x
Liabilities / assets 32.2% 112.1% 59.3%
Equity / assets 67.8% -12.1% 40.7%
Interest coverage 7.2x 0.8x -0.2x
Current ratio 1.9x 1.6x 1.6x
Quick ratio 0.7x 1.1x 0.7x
Cash ratio 0.1x 0.4x 0.1x
Altman Z-score 5.64 -1.34 1.15

Shareholder Returns

7 metrics
MetricRDYALVOVTRS
Dividend yield 0.6% – 2.6%
Net buyback yield -0.1% – 1.4%
Shareholder yield 0.5% – 4.0%
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.

ConsensusRDYALVOVTRS
Forward P/E 29.5xFY2026 – 7.2xFY2026
EPS, next fiscal year $0.48FY2026 $-0.01FY2026 $2.62FY2026
EPS growth, next FY -11.1%FY2026 – +11.5%FY2026
EPS growth, the year after +20.8% – -1.5%
Revenue, next fiscal year $3.82BFY2026 $556.32MFY2026 $15.31BFY2026
Revenue growth, next FY +8.7%FY2026 -6.2%FY2026 +7.0%FY2026
Revenue growth, the year after +3.7% +23.2% -4.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersRDYALVOVTRS
Held by institutions 15.1% 14.7% 89.9%
Institutions holding 238 72 1,029
Change in shares held, QoQ +4.3% +152.4% +5.6%
Institutions buying 107 44 487
Institutions selling 97 17 318
Buyers to sellers 1.10 2.59 1.53

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.

RDYALVOVTRS
RDY 1.00 0.08 0.28
ALVO 0.08 1.00 0.05
VTRS 0.28 0.05 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, RDY, ALVO and VTRS?

Viatris (VTRS) is the largest by market capitalisation: Dr Reddys Laboratories (RDY) $11.74B, Alvotech (ALVO) $1.42B, Viatris (VTRS) $22.31B.

Which company is growing faster?

Viatris (VTRS) grew revenue fastest over the trailing twelve months: Dr Reddys Laboratories (RDY) -10.5%, Alvotech (ALVO) -74.3%, Viatris (VTRS) +4.4%.

Which company is more profitable?

Dr Reddys Laboratories (RDY) has the highest net margin (Dr Reddys Laboratories (RDY) 10.2%, Alvotech (ALVO) -248.0%, Viatris (VTRS) -2.8%). On return on invested capital, Dr Reddys Laboratories (RDY) leads (Dr Reddys Laboratories (RDY) 5.6%, Alvotech (ALVO) 4.4%, Viatris (VTRS) -0.2%).

Which stock has performed better?

Over the past year Viatris (VTRS) returned the most: Dr Reddys Laboratories (RDY) -3.1%, Alvotech (ALVO) -37.2%, Viatris (VTRS) +82.4%. Over five years, Viatris (VTRS) compounded fastest (Dr Reddys Laboratories (RDY) +2.9%/yr, Alvotech (ALVO) -13.0%/yr, Viatris (VTRS) +7.1%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Dr Reddys Laboratories (RDY) has been the steadiest (Dr Reddys Laboratories (RDY) 27.7%, Alvotech (ALVO) 81.7%, Viatris (VTRS) 32.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, RDY, ALVO and VTRS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Viatris (VTRS) leads on 6. 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.