VTRS vs ALVO vs ELTP Stock Comparison

Viatris, Alvotech and Elite Pharmaceuticals Prices as of Oct 29, 2026 Peers: Industry group
VTRS Viatris Inc
$19.20 +6.0% 1M +87.0% 1Y
Market cap
$22.13B
P/E
–
Revenue (TTM)
$14.74B
Div. yield
–
Generic Drugs Healthcare
3 wins
ALVO Alvotech
$4.89 -17.4% 1M -38.1% 1Y
Market cap
$1.34B
P/E
–
Revenue (TTM)
$105.94M
Div. yield
–
Generic Drugs Healthcare

Head to Head

9 decided of 12

Elite Pharmaceuticals leads on 6 of the 12 questions below (Elite Pharmaceuticals 6, Viatris 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionVTRSALVOELTPLeader
Larger companyMarket capitalisation $22.13B $1.34B $247.66M VTRS
Cheaper on earningsLower P/E, profitable companies only -53.9x -5.1x 4.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 7.3x — — –
Faster revenue growthRevenue growth, trailing twelve months +4.4% -74.3% +33.7% ELTP
More profitableNet margin, trailing twelve months -2.8% -248.0% 40.2% ELTP
Better return on capitalReturn on invested capital -0.2% 4.4% 29.2% ELTP
Less leveragedLower net debt / EBITDA 4.6x 13.1x -1.0x ELTP
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +87.0% -38.1% -61.7% VTRS
Better 5-year returnAnnualised price return, 5 years +7.5%/yr -13.2%/yr +41.9%/yr ELTP
Less volatileAnnualised volatility, 1 year 32.4% 81.7% 57.5% VTRS
Higher overall scoreMean of the five percentile scores vs peers 66/100 48/100 89/100 ELTP

Percentile Scorecard

VTRSALVOELTP

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

AxisVTRSALVOELTP
Valuation 93 #42 of 624 72 #173 of 624 99 #10 of 624
Growth 49 #308 of 601 34 #395 of 601 92 #52 of 601
Profitability 82 #100 of 541 69 #170 of 541 91 #48 of 541
Financial Health 22 #502 of 647 15 #549 of 647 76 #157 of 647
Shareholder Returns 85 #54 of 359 – 86 #53 of 359
Overall 66 48 89
  • VTRS ranked among 671 companies in Pharmaceuticals and Biotechnology
  • ALVO ranked among 671 companies in Pharmaceuticals and Biotechnology
  • ELTP 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

PeriodVTRSALVOELTPSPY
1 month +6.0%-17.4%0.0% +0.7%
3 months +8.1%+37.0%-37.8% +3.7%
6 months +28.5%+46.4%-32.4% +7.1%
Year to date +54.2%-4.7%-53.1% +12.8%
1 year +87.0%-38.1%-61.7% +11.9%
3 years +117.2%-43.8%+91.7% +85.2%
3 years, per year +29.5%-17.5%+24.2% +22.8%
5 years +43.8%-50.6%+475.0% +67.6%
5 years, per year +7.5%-13.2%+41.9% +10.9%
10 years -48.4%—+35.3% +262.0%
10 years, per year -6.4%—+3.1% +13.7%

Risk

MeasureVTRSALVOELTPSPY
Volatility, 1Y 32.4%81.7%57.5% 12.7%
Downside volatility, 1Y 29.8%86.0%72.3% 12.6%
Beta vs S&P 500, 1Y 0.700.750.71 1.00
Return / volatility, 1Y 2.69-0.47-1.07 0.94
Max drawdown, 5Y -52.9%-82.6%-71.4% -25.4%
From 52-week high 0.0%-38.1%-66.2% -1.2%
52-week high $19.20$7.90$0.68 $779.14
52-week low $10.11$3.00$0.22 $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.

MultipleVTRSALVOELTP
P/E now vs peer median -54.4xmedian 17.8x -5.4xmedian 17.8x 4.4xmedian 17.8x
P/S now vs peer median 1.5xmedian 9.1x 14.4xmedian 9.1x 1.8xmedian 9.1x
EV/EBITDA now vs peer median 12.7xmedian 15.0x 30.3xmedian 15.0x 5.8xmedian 15.0x
P/FCF now vs peer median 11.3xmedian 21.7x -5.8xmedian 21.7x 14.1xmedian 21.7x
P/B now vs peer median 1.5xmedian 2.2x -8.0xmedian 2.2x 2.4xmedian 2.2x
PEG now vs peer median 1.78median 0.35 -0.22median 0.35 0.04median 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 monthsVTRSALVOELTP
Revenue $14.74B $105.94M $141.01M
Gross profit $5.13B $7.66M $61.31M
Operating income -$87.30M $47.54M $34.94M
Net income -$410.70M -$179.60M $56.67M
Free cash flow $1.95B -$261.39M $17.53M
R&D $1.02B $46.37M $6.10M
EPS (diluted) $-0.35 $-0.90 $0.05
Cash & equivalents $886.50M $142.80M $39.42M
Total debt $13.35B $1.31B $9.58M
Shares (diluted) 1.16B 291.34M 1.13B
Enterprise value $17.14B $904.05M $129.33M

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
MetricVTRSALVOELTP
P/E -54.4x -5.4x 4.4x
P/FCF 11.3x -5.8x 14.1x
P/Operating cash flow 9.5x -7.7x 13.0x
P/S 1.5x 14.4x 1.8x
P/B 1.5x -8.0x 2.4x
P/Tangible book 37.8x -4.6x 2.5x
EV/EBITDA 12.7x 30.3x 5.8x
EV/EBIT -395.4x 56.6x 6.0x
EV/Revenue 2.3x 25.4x 1.5x
EV/FCF 17.7x -10.3x 12.0x
EV/Operating cash flow 14.8x -13.5x 11.1x
PEG (3Y EPS CAGR) 1.78 -0.22 0.04

Growth

14 metrics
MetricVTRSALVOELTP
Revenue growth (1Y) 4.4% -74.3% 33.7%
Revenue CAGR (3Y) -1.9% 104.2% 58.4%
Gross profit growth (1Y) -0.7% -95.0% 4.2%
Gross profit CAGR (3Y) -6.0% 27.6% 53.5%
Operating income growth (1Y) 96.6% -13.3% -6.7%
Operating income CAGR (3Y) -27.6% 28.9% 101.7%
Net income growth (1Y) 88.2% -383.6% 624.0%
Net income CAGR (3Y) -30.5% 24.4% 134.4%
EPS growth (1Y) 88.1% -481.6% 596.0%
EPS CAGR (3Y) -30.6% 24.6% 118.3%
Operating cash flow growth (1Y) 12.9% -367.1% -0.2%
Operating cash flow CAGR (3Y) -3.0% 12.8% 152.2%
Free cash flow growth (1Y) 11.6% -113.0% -2.8%
Free cash flow CAGR (3Y) -3.6% 8.6% 81.0%

Profitability

14 metrics
MetricVTRSALVOELTP
Gross margin 34.8% 7.2% 43.5%
EBITDA margin 18.4% 83.9% 25.9%
Operating margin -0.6% 44.9% 24.8%
Pretax margin -4.5% -62.1% 46.2%
Net margin -2.8% -248.0% 40.2%
FCF margin 13.3% -246.7% 12.4%
Operating cash flow margin 15.8% -187.6% 13.5%
Return on equity -2.8% – 55.6%
Return on assets -1.1% -17.5% 40.8%
Return on invested capital -0.2% 4.4% 29.2%
Return on capital employed -0.3% 4.1% 32.2%
Asset turnover 0.4x 0.1x 1.0x
Cash conversion (OCF / net income) -5.7x 1.1x 0.3x
Stock comp / revenue 1.2% 8.7% 0.1%

Financial Health

11 metrics
MetricVTRSALVOELTP
Debt / assets 38.1% 82.3% 1.7%
Debt / equity 0.9x -6.8x 0.0x
Net debt / EBITDA 4.6x 13.1x -1.0x
Debt / FCF 6.8x -5.0x 0.1x
Liabilities / assets 59.3% 112.1% 24.9%
Equity / assets 40.7% -12.1% 75.1%
Interest coverage -0.2x 0.8x 69.4x
Current ratio 1.6x 1.6x 3.8x
Quick ratio 0.7x 1.1x 3.0x
Cash ratio 0.1x 0.4x 1.3x
Altman Z-score 1.16 -1.34 6.12

Shareholder Returns

7 metrics
MetricVTRSALVOELTP
Dividend yield 2.5% – –
Net buyback yield 1.4% – -0.1%
Shareholder yield 3.9% – -0.1%
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.

ConsensusVTRSALVOELTP
Forward P/E 7.3xFY2026 – –
EPS, next fiscal year $2.62FY2026 $-0.01FY2026 –
EPS growth, next FY +11.5%FY2026 – –
EPS growth, the year after -1.5% – –
Revenue, next fiscal year $15.31BFY2026 $556.32MFY2026 –
Revenue growth, next FY +7.0%FY2026 -6.2%FY2026 –
Revenue growth, the year after -4.8% +23.2% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersVTRSALVOELTP
Held by institutions 89.9% 14.7% 0.0%
Institutions holding 1,030 72 1
Change in shares held, QoQ +5.6% +152.4% –
Institutions buying 488 44 1
Institutions selling 318 17 0
Buyers to sellers 1.53 2.59 –

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.

VTRSALVOELTP
VTRS 1.00 0.05 -0.06
ALVO 0.05 1.00 0.00
ELTP -0.06 0.00 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, VTRS, ALVO and ELTP?

Viatris (VTRS) is the largest by market capitalisation: Viatris (VTRS) $22.13B, Alvotech (ALVO) $1.34B, Elite Pharmaceuticals (ELTP) $247.66M.

Which company is growing faster?

Elite Pharmaceuticals (ELTP) grew revenue fastest over the trailing twelve months: Viatris (VTRS) +4.4%, Alvotech (ALVO) -74.3%, Elite Pharmaceuticals (ELTP) +33.7%.

Which company is more profitable?

Elite Pharmaceuticals (ELTP) has the highest net margin (Viatris (VTRS) -2.8%, Alvotech (ALVO) -248.0%, Elite Pharmaceuticals (ELTP) 40.2%). On return on invested capital, Elite Pharmaceuticals (ELTP) leads (Viatris (VTRS) -0.2%, Alvotech (ALVO) 4.4%, Elite Pharmaceuticals (ELTP) 29.2%).

Which stock has performed better?

Over the past year Viatris (VTRS) returned the most: Viatris (VTRS) +87.0%, Alvotech (ALVO) -38.1%, Elite Pharmaceuticals (ELTP) -61.7%. Over five years, Elite Pharmaceuticals (ELTP) compounded fastest (Viatris (VTRS) +7.5%/yr, Alvotech (ALVO) -13.2%/yr, Elite Pharmaceuticals (ELTP) +41.9%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Viatris (VTRS) has been the steadiest (Viatris (VTRS) 32.4%, Alvotech (ALVO) 81.7%, Elite Pharmaceuticals (ELTP) 57.5%). Volatility measures how widely the price swings, not the risk of the business.

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

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