Biotechnology
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5 / 10Stock Comparison
ASND vs INCY vs IONS vs ALKS vs LLY
Revenue, margins, valuation, and 5-year total return — side by side.
Biotechnology
Biotechnology
Biotechnology
Drug Manufacturers - General
ASND vs INCY vs IONS vs ALKS vs LLY — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Biotechnology | Biotechnology | Biotechnology | Biotechnology | Drug Manufacturers - General |
| Market Cap | $15.11B | $19.53B | $12.56B | $5.90B | $921.16B |
| Revenue (TTM) | $718M | $5.36B | $1.06B | $1.56B | $72.25B |
| Net Income (TTM) | $-228M | $1.43B | $-327M | $153M | $25.27B |
| Gross Margin | 86.3% | 91.9% | 98.3% | 65.4% | 83.5% |
| Operating Margin | -19.0% | 26.8% | -33.3% | 12.3% | 45.9% |
| Forward P/E | 61.8x | 13.1x | — | 24.8x | 28.2x |
| Total Debt | $871M | $69M | $2.61B | $70M | $42.50B |
| Cash & Equiv. | $616M | $3.10B | $372M | $1.12B | $7.16B |
ASND vs INCY vs IONS vs ALKS vs LLY — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Ascendis Pharma A/S (ASND) | 100 | 169.2 | +69.2% |
| Incyte Corporation (INCY) | 100 | 95.9 | -4.1% |
| Ionis Pharmaceutica… (IONS) | 100 | 135.2 | +35.2% |
| Alkermes plc (ALKS) | 100 | 216.4 | +116.4% |
| Eli Lilly and Compa… (LLY) | 100 | 637.4 | +537.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ASND vs INCY vs IONS vs ALKS vs LLY
Each card shows where this stock fits in a portfolio — not just who wins on paper.
ASND is the #2 pick in this set and the best alternative if growth exposure is your priority.
- Rev growth 90.2%, EPS growth 44.6%, 3Y rev CAGR 138.2%
- 90.2% revenue growth vs ALKS's -5.2%
- Beta 0.33 vs ALKS's 1.06
INCY ranks third and is worth considering specifically for value.
- Lower P/E (13.1x vs 28.2x)
IONS is the clearest fit if your priority is sleep-well-at-night and defensive.
- Lower volatility, beta 0.55, current ratio 3.83x
- Beta 0.55, current ratio 3.83x
- +129.9% vs ALKS's +16.5%
Among these 5 stocks, ALKS doesn't own a clear edge in any measured category.
LLY carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 11 yrs, beta 0.71, yield 0.6%
- 12.4% 10Y total return vs ASND's 14.5%
- 35.0% margin vs ASND's -31.7%
- 0.6% yield; 11-year raise streak; the other 4 pay no meaningful dividend
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 90.2% revenue growth vs ALKS's -5.2% | |
| Value | Lower P/E (13.1x vs 28.2x) | |
| Quality / Margins | 35.0% margin vs ASND's -31.7% | |
| Stability / Safety | Beta 0.33 vs ALKS's 1.06 | |
| Dividends | 0.6% yield; 11-year raise streak; the other 4 pay no meaningful dividend | |
| Momentum (1Y) | +129.9% vs ALKS's +16.5% | |
| Efficiency (ROA) | 22.7% ROA vs ASND's -19.8%, ROIC 41.8% vs -69.1% |
ASND vs INCY vs IONS vs ALKS vs LLY — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
ASND vs INCY vs IONS vs ALKS vs LLY — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
LLY leads in 2 of 6 categories
INCY leads 2 • ASND leads 2 • IONS leads 0 • ALKS leads 0
Explore the data ↓Income & Cash Flow (Last 12 Months)
LLY leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
LLY is the larger business by revenue, generating $72.2B annually — 100.7x ASND's $718M. LLY is the more profitable business, keeping 35.0% of every revenue dollar as net income compared to ASND's -31.7%. On growth, IONS holds the edge at +87.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $718M | $5.4B | $1.1B | $1.6B | $72.2B |
| EBITDAEarnings before interest/tax | -$119M | $1.5B | $4.5B | $212M | $34.7B |
| Net IncomeAfter-tax profit | -$228M | $1.4B | -$327M | $153M | $25.3B |
| Free Cash FlowCash after capex | $43M | $1.5B | -$971M | $392M | $13.6B |
| Gross MarginGross profit ÷ Revenue | +86.3% | +91.9% | +98.3% | +65.4% | +83.5% |
| Operating MarginEBIT ÷ Revenue | -19.0% | +26.8% | -33.3% | +12.3% | +45.9% |
| Net MarginNet income ÷ Revenue | -31.7% | +26.7% | -30.9% | +9.8% | +35.0% |
| FCF MarginFCF ÷ Revenue | +6.0% | +27.1% | -91.8% | +25.1% | +18.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +41.0% | +20.9% | +87.0% | +28.2% | +55.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +15.6% | +83.8% | +39.8% | -4.1% | +169.9% |
Valuation Metrics
INCY leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
At 15.3x trailing earnings, INCY trades at a 64% valuation discount to LLY's 42.5x P/E. On an enterprise value basis, INCY's 11.5x EV/EBITDA is more attractive than LLY's 30.6x.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $15.1B | $19.5B | $12.6B | $5.9B | $921.2B |
| Enterprise ValueMkt cap + debt − cash | $15.4B | $16.5B | $14.8B | $4.9B | $956.5B |
| Trailing P/EPrice ÷ TTM EPS | -57.86x | 15.25x | -31.94x | 24.76x | 42.48x |
| Forward P/EPrice ÷ next-FY EPS est. | 61.79x | 13.06x | — | — | 28.24x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — | 1.47x |
| EV / EBITDAEnterprise value multiple | — | 11.49x | — | 17.25x | 30.60x |
| Price / SalesMarket cap ÷ Revenue | 18.59x | 3.80x | 13.31x | 4.00x | 14.13x |
| Price / BookPrice ÷ Book value/share | — | 3.80x | 24.87x | 3.28x | 32.99x |
| Price / FCFMarket cap ÷ FCF | 294.73x | 14.42x | — | 12.28x | 102.67x |
Profitability & Efficiency
INCY leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
LLY delivers a 101.2% return on equity — every $100 of shareholder capital generates $101 in annual profit, vs $-59 for IONS. INCY carries lower financial leverage with a 0.01x debt-to-equity ratio, signaling a more conservative balance sheet compared to IONS's 5.35x. On the Piotroski fundamental quality scale (0–9), LLY scores 8/9 vs IONS's 3/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | — | +29.3% | -58.6% | +8.8% | +101.2% |
| ROA (TTM)Return on assets | -19.8% | +21.7% | -10.1% | +5.4% | +22.7% |
| ROICReturn on invested capital | -69.1% | +51.1% | -12.8% | +18.9% | +41.8% |
| ROCEReturn on capital employed | -51.9% | +29.0% | -14.1% | +14.2% | +46.6% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 7 | 3 | 7 | 8 |
| Debt / EquityFinancial leverage | — | 0.01x | 5.35x | 0.04x | 1.60x |
| Net DebtTotal debt minus cash | $256M | -$3.0B | $2.2B | -$1.0B | $35.3B |
| Cash & Equiv.Liquid assets | $616M | $3.1B | $372M | $1.1B | $7.2B |
| Total DebtShort + long-term debt | $871M | $69M | $2.6B | $70M | $42.5B |
| Interest CoverageEBIT ÷ Interest expense | -0.62x | 759.79x | -3.64x | 32.30x | 35.68x |
Total Returns (Dividends Reinvested)
ASND leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in LLY five years ago would be worth $51,115 today (with dividends reinvested), compared to $11,817 for INCY. Over the past 12 months, IONS leads with a +129.9% total return vs ALKS's +16.5%. The 3-year compound annual growth rate (CAGR) favors ASND at 37.2% vs ALKS's 4.6% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +15.4% | -3.6% | -4.6% | +25.3% | -9.6% |
| 1-Year ReturnPast 12 months | +52.9% | +64.2% | +129.9% | +16.5% | +26.3% |
| 3-Year ReturnCumulative with dividends | +158.5% | +48.6% | +116.1% | +14.5% | +129.1% |
| 5-Year ReturnCumulative with dividends | +85.2% | +18.2% | +108.0% | +60.9% | +411.1% |
| 10-Year ReturnCumulative with dividends | +1451.0% | +34.2% | +121.1% | -11.0% | +1237.7% |
| CAGR (3Y)Annualised 3-year return | +37.2% | +14.1% | +29.3% | +4.6% | +31.8% |
Risk & Volatility
ASND leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
ASND is the less volatile stock with a 0.33 beta — it tends to amplify market swings less than ALKS's 1.06 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ASND currently trades 98.2% from its 52-week high vs LLY's 86.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.33x | 0.87x | 0.55x | 1.06x | 0.71x |
| 52-Week HighHighest price in past year | $250.74 | $112.29 | $86.74 | $36.60 | $1133.95 |
| 52-Week LowLowest price in past year | $150.89 | $57.77 | $31.66 | $25.17 | $623.78 |
| % of 52W HighCurrent price vs 52-week peak | +98.2% | +87.1% | +87.6% | +96.7% | +86.0% |
| RSI (14)Momentum oscillator 0–100 | 54.0 | 59.4 | 58.8 | 60.2 | 61.4 |
| Avg Volume (50D)Average daily shares traded | 668K | 1.4M | 2.0M | 2.3M | 2.6M |
Analyst Outlook
LLY leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: ASND as "Buy", INCY as "Buy", IONS as "Buy", ALKS as "Buy", LLY as "Buy". Consensus price targets imply 41.1% upside for IONS (target: $107) vs 12.0% for INCY (target: $110). LLY is the only dividend payer here at 0.61% yield — a key consideration for income-focused portfolios.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $287.17 | $109.50 | $107.27 | $44.00 | $1258.47 |
| # AnalystsCovering analysts | 24 | 44 | 32 | 28 | 45 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | — | +0.6% |
| Dividend StreakConsecutive years of raises | — | — | — | 0 | 11 |
| Dividend / ShareAnnual DPS | — | — | — | — | $6.00 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | +0.1% | 0.0% | +0.5% | +0.4% |
LLY leads in 2 of 6 categories (Income & Cash Flow, Analyst Outlook). INCY leads in 2 (Valuation Metrics, Profitability & Efficiency).
ASND vs INCY vs IONS vs ALKS vs LLY: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is ASND or INCY or IONS or ALKS or LLY a better buy right now?
For growth investors, Ascendis Pharma A/S (ASND) is the stronger pick with 90.
2% revenue growth year-over-year, versus -5. 2% for Alkermes plc (ALKS). Incyte Corporation (INCY) offers the better valuation at 15. 3x trailing P/E (13. 1x forward), making it the more compelling value choice. Analysts rate Ascendis Pharma A/S (ASND) a "Buy" — based on 24 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 — ASND or INCY or IONS or ALKS or LLY?
On trailing P/E, Incyte Corporation (INCY) is the cheapest at 15.
3x versus Eli Lilly and Company at 42. 5x. On forward P/E, Incyte Corporation is actually cheaper at 13. 1x.
03Which is the better long-term investment — ASND or INCY or IONS or ALKS or LLY?
Over the past 5 years, Eli Lilly and Company (LLY) delivered a total return of +411.
1%, compared to +18. 2% for Incyte Corporation (INCY). Over 10 years, the gap is even starker: ASND returned +1451% versus ALKS's -11. 0%. 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 — ASND or INCY or IONS or ALKS or LLY?
By beta (market sensitivity over 5 years), Ascendis Pharma A/S (ASND) is the lower-risk stock at 0.
33β versus Alkermes plc's 1. 06β — meaning ALKS is approximately 221% more volatile than ASND relative to the S&P 500. On balance sheet safety, Incyte Corporation (INCY) carries a lower debt/equity ratio of 1% versus 5% for Ionis Pharmaceuticals, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — ASND or INCY or IONS or ALKS or LLY?
By revenue growth (latest reported year), Ascendis Pharma A/S (ASND) is pulling ahead at 90.
2% versus -5. 2% for Alkermes plc (ALKS). On earnings-per-share growth, the picture is similar: Incyte Corporation grew EPS 41. 7% year-over-year, compared to -34. 1% for Alkermes plc. Over a 3-year CAGR, ASND leads at 138. 2% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — ASND or INCY or IONS or ALKS or LLY?
Eli Lilly and Company (LLY) is the more profitable company, earning 31.
7% net margin versus -40. 4% for Ionis Pharmaceuticals, Inc. — meaning it keeps 31. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: LLY leads at 45. 6% versus -40. 5% for IONS. At the gross margin level — before operating expenses — IONS leads at 98. 3%, 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.
07Is ASND or INCY or IONS or ALKS or LLY more undervalued right now?
On forward earnings alone, Incyte Corporation (INCY) trades at 13.
1x forward P/E versus 61. 8x for Ascendis Pharma A/S — 48. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for IONS: 41. 1% to $107. 27.
08Which pays a better dividend — ASND or INCY or IONS or ALKS or LLY?
In this comparison, LLY (0.
6% yield) pays a dividend. ASND, INCY, IONS, ALKS do not pay a meaningful dividend and should not be held primarily for income.
09Is ASND or INCY or IONS or ALKS or LLY better for a retirement portfolio?
For long-horizon retirement investors, Eli Lilly and Company (LLY) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
71), 0. 6% yield, +1238% 10Y return). Both have compounded well over 10 years (LLY: +1238%, ALKS: -11. 0%), 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.
10What are the main differences between ASND and INCY and IONS and ALKS and LLY?
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: ASND is a mid-cap high-growth stock; INCY is a mid-cap high-growth stock; IONS is a mid-cap high-growth stock; ALKS is a small-cap quality compounder stock; LLY is a large-cap high-growth stock. LLY pays a dividend while ASND, INCY, IONS, ALKS do 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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