Comprehensive Stock Comparison
Compare BlackRock Technology and Private Equity Term Trust (BTX) vs Regeneron Pharmaceuticals, Inc. (REGN) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth |  REGN | 1.0% revenue growth vs BTX's -81.1% |
| Value | REGN | Lower P/E (17.4x vs 38.9x) |
| Quality / Margins |  BTX | 87.7% net margin vs REGN's 31.4% |
| Stability / Safety | REGN | Beta 0.58 vs BTX's 1.16 |
| Dividends | BTX | 12.9% yield, 1-year raise streak, vs REGN's 0.4% |
| Momentum (1Y) | REGN | +15.1% vs BTX's +6.8% |
| Efficiency (ROA) | REGN | 11.1% ROA vs BTX's 1.8%, ROIC 12.4% vs 1.4% |
Who Each Stock Is For
Income & stability
BTXDividend streak 1 yrs, beta 1.16, yield 12.9%
Growth exposure
REGNRev growth 1.0%, EPS growth 8.2%, 3Y rev CAGR 5.6%
Long-term compounding (10Y)
REGN94.0% 10Y total return vs BTX's -45.5%
Sleep-well-at-night portfolio
REGNLower volatility, beta 0.58, Low D/E 8.7%, current ratio 4.77x
Defensive / Recession hedge
REGNBeta 0.58, yield 0.4%, current ratio 4.77x
Business Model
What each company does and how it makes money
BlackRock Technology and Private Equity Term Trust is a closed-end investment fund that pools investor capital to invest primarily in mid- and small-capitalization growth companies in the technology and healthcare sectors. It generates returns through capital appreciation and dividend income from its equity portfolio, with performance tied to the success of its underlying investments. The fund's key advantage is BlackRock's extensive research capabilities and access to innovative companies that traditional investors might overlook.
Regeneron Pharmaceuticals is a biotechnology company that discovers, develops, and commercializes innovative medicines for serious diseases. It generates revenue primarily from sales of its flagship products — EYLEA for eye diseases (~60% of revenue) and Dupixent for inflammatory conditions (~30%) — with additional income from collaborations and royalties. The company's competitive advantage lies in its proprietary VelocImmune technology platform for creating human antibodies and its deep expertise in genetic research, which enables rapid drug discovery and development.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
BTX 3REGN 3BTX4/4 metricsBTX3/5 metricsREGN6/8 metricsREGN4/6 metricsREGN2/2 metricsBTX1/1 metricsBTX leads in 3 of 6 categories (Financial Metrics, Valuation Metrics). REGN leads in 3 (Profitability & Efficiency, Total Returns).
Financial Metrics (TTM)
REGN is the larger business by revenue, generating $14.3B annually — 352.5x BTX's $41M. BTX is the more profitable business, keeping 87.7% of every revenue dollar as net income compared to REGN's 31.4%.
| Metric | BTXBlackRock Technol… | REGNRegeneron Pharmac… |
|---|---|---|
| RevenueTrailing 12 months | $41M | $14.3B |
| EBITDAEarnings before interest/tax | — | $4.2B |
| Net IncomeAfter-tax profit | — | $4.5B |
| Free Cash FlowCash after capex | — | $3.2B |
| Gross MarginGross profit ÷ Revenue | +100.0% | +86.3% |
| Operating MarginEBIT ÷ Revenue | +87.7% | +25.7% |
| Net MarginNet income ÷ Revenue | +87.7% | +31.4% |
| FCF MarginFCF ÷ Revenue | +6.8% | +22.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | +2.5% |
| EPS Growth (YoY)Latest quarter vs prior year | — | -2.5% |
Valuation Metrics
At 19.0x trailing earnings, REGN trades at a 51% valuation discount to BTX's 38.9x P/E. On an enterprise value basis, BTX's 21.6x EV/EBITDA is more attractive than REGN's 21.8x.
| Metric | BTXBlackRock Technol… | REGNRegeneron Pharmac… |
|---|---|---|
| Market CapShares × price | $773M | $108.4B |
| Enterprise ValueMkt cap + debt − cash | $773M | $92.2B |
| Trailing P/EPrice ÷ TTM EPS | 38.94x | 18.99x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 17.38x |
| PEG RatioP/E ÷ EPS growth rate | — | 3.00x |
| EV / EBITDAEnterprise value multiple | 21.64x | 21.83x |
| Price / SalesMarket cap ÷ Revenue | 18.99x | 7.55x |
| Price / BookPrice ÷ Book value/share | 0.80x | 2.74x |
| Price / FCFMarket cap ÷ FCF | 2.79x | 26.56x |
Profitability & Efficiency
REGN delivers a 14.4% return on equity — every $100 of shareholder capital generates $14 in annual profit, vs $2 for BTX. On the Piotroski fundamental quality scale (0–9), REGN scores 7/9 vs BTX's 3/9, reflecting strong financial health.
| Metric | BTXBlackRock Technol… | REGNRegeneron Pharmac… |
|---|---|---|
| ROE (TTM)Return on equity | +1.9% | +14.4% |
| ROA (TTM)Return on assets | +1.8% | +11.1% |
| ROICReturn on invested capital | +1.4% | +12.4% |
| ROCEReturn on capital employed | +1.8% | +10.8% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 7 |
| Debt / EquityFinancial leverage | — | 0.09x |
| Net DebtTotal debt minus cash | $0 | -$16.2B |
| Cash & Equiv.Liquid assets | — | $18.9B |
| Total DebtShort + long-term debt | $0 | $2.7B |
| Interest CoverageEBIT ÷ Interest expense | 2313.25x | 120.42x |
Total Returns (with DRIP)
A $10,000 investment in REGN five years ago would be worth $17,161 today (with dividends reinvested), compared to $5,453 for BTX. Over the past 12 months, REGN leads with a +15.1% total return vs BTX's +6.8%. The 3-year compound annual growth rate (CAGR) favors BTX at 5.8% vs REGN's 0.5% — a key indicator of consistent wealth creation.
| Metric | BTXBlackRock Technol… | REGNRegeneron Pharmac… |
|---|---|---|
| YTD ReturnYear-to-date | +0.5% | +1.6% |
| 1-Year ReturnPast 12 months | +6.8% | +15.1% |
| 3-Year ReturnCumulative with dividends | +18.3% | +1.5% |
| 5-Year ReturnCumulative with dividends | -45.5% | +71.6% |
| 10-Year ReturnCumulative with dividends | -45.5% | +94.0% |
| CAGR (3Y)Annualised 3-year return | +5.8% | +0.5% |
Risk & Volatility
REGN is the less volatile stock with a 0.58 beta — it tends to amplify market swings less than BTX's 1.16 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. REGN currently trades 95.9% from its 52-week high vs BTX's 88.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | BTXBlackRock Technol… | REGNRegeneron Pharmac… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.16x | 0.58x |
| 52-Week HighHighest price in past year | $7.50 | $821.11 |
| 52-Week LowLowest price in past year | $5.10 | $476.49 |
| % of 52W HighCurrent price vs 52-week peak | +88.3% | +95.9% |
| RSI (14)Momentum oscillator 0–100 | 47.3 | 47.5 |
| Avg Volume (50D)Average daily shares traded | 908K | 762K |
Analyst Outlook
For income investors, BTX offers the higher dividend yield at 12.93% vs REGN's 0.43%.
| Metric | BTXBlackRock Technol… | REGNRegeneron Pharmac… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy |
| Price TargetConsensus 12-month target | — | $857.17 |
| # AnalystsCovering analysts | — | 48 |
| Dividend YieldAnnual dividend ÷ price | +12.9% | +0.4% |
| Dividend StreakConsecutive years of raises | 1 | 1 |
| Dividend / ShareAnnual DPS | $0.86 | $3.41 |
| Buyback YieldShare repurchases ÷ mkt cap | +12.0% | +3.2% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Mar 21 | Mar 26 | Change |
|---|---|---|---|
| BlackRock Technolog… (BTX) | 100 | 33.57 | -66.4% |
| Regeneron Pharmaceu… (REGN) | 100 | 166.51 | +66.5% |
Regeneron Pharmaceu… (REGN) returned +72% over 5 years vs BlackRock Technolog… (BTX)'s -45%. A $10,000 investment in REGN 5 years ago would be worth $17,161 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| BlackRock Technolog… (BTX) | $-640M | $41M | +106.4% |
| Regeneron Pharmaceu… (REGN) | $4.9B | $14.3B | +195.1% |
Regeneron Pharmaceuticals, Inc.'s revenue grew from $4.9B (2016) to $14.3B (2025) — a 12.8% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| BlackRock Technolog… (BTX) | 100.1% | 87.7% | -12.4% |
| Regeneron Pharmaceu… (REGN) | 18.4% | 31.4% | +70.5% |
Regeneron Pharmaceuticals, Inc.'s net margin went from 18% (2016) to 31% (2025).
Chart 4P/E Ratio History — 9 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Regeneron Pharmaceu… (REGN) | 36.4 | 18.6 | -48.9% |
Regeneron Pharmaceuticals, Inc. has traded in a 9x–36x P/E range over 9 years; current trailing P/E is ~19x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| BlackRock Technolog… (BTX) | -2.58 | 0.17 | +106.6% |
| Regeneron Pharmaceu… (REGN) | 7.7 | 41.48 | +438.7% |
Regeneron Pharmaceuticals, Inc.'s EPS grew from $7.70 (2016) to $41.48 (2025) — a 21% CAGR.
Chart 6Free Cash Flow — 5 Years
BlackRock Technology and Private Equity Term Trust generated $277M FCF in 2024 (+106% vs 2021). Regeneron Pharmaceuticals, Inc. generated $4B FCF in 2025 (-38% vs 2021).
BTX vs REGN: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is BTX or REGN a better buy right now?
Regeneron Pharmaceuticals, Inc. (REGN) offers the better valuation at 19.0x trailing P/E (17.4x forward), making it the more compelling value choice. Analysts rate Regeneron Pharmaceuticals, Inc. (REGN) a "Buy" — based on 48 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — BTX or REGN?
On trailing P/E, Regeneron Pharmaceuticals, Inc. (REGN) is the cheapest at 19.0x versus BlackRock Technology and Private Equity Term Trust at 38.9x.
03Which is the better long-term investment — BTX or REGN?
Over the past 5 years, Regeneron Pharmaceuticals, Inc. (REGN) delivered a total return of +71.6%, compared to -45.5% for BlackRock Technology and Private Equity Term Trust (BTX). A $10,000 investment in REGN five years ago would be worth approximately $17K today (assuming dividends reinvested). Over 10 years, the gap is even starker: REGN returned +94.0% versus BTX's -45.5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — BTX or REGN?
By beta (market sensitivity over 5 years), Regeneron Pharmaceuticals, Inc. (REGN) is the lower-risk stock at 0.58β versus BlackRock Technology and Private Equity Term Trust's 1.16β — meaning BTX is approximately 102% more volatile than REGN relative to the S&P 500.
05Which has better profit margins — BTX or REGN?
BlackRock Technology and Private Equity Term Trust (BTX) is the more profitable company, earning 87.7% net margin versus 31.4% for Regeneron Pharmaceuticals, Inc. — meaning it keeps 87.7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BTX leads at 87.7% versus 25.7% for REGN. At the gross margin level — before operating expenses — BTX leads at 100.0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — BTX or REGN?
All stocks in this comparison pay dividends. BlackRock Technology and Private Equity Term Trust (BTX) offers the highest yield at 12.9%, versus 0.4% for Regeneron Pharmaceuticals, Inc. (REGN).
07Is BTX or REGN better for a retirement portfolio?
For long-horizon retirement investors, Regeneron Pharmaceuticals, Inc. (REGN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.58)). Both have compounded well over 10 years (REGN: +94.0%, BTX: -45.5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between BTX and REGN?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. In terms of investment character: BTX is a small-cap income-oriented stock; REGN is a mid-cap quality compounder stock. BTX pays a dividend while REGN does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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