Drug Manufacturers - General
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AZN vs PFE vs MRK vs LLY vs BMY
Revenue, margins, valuation, and 5-year total return — side by side.
Drug Manufacturers - General
Drug Manufacturers - General
Drug Manufacturers - General
Drug Manufacturers - General
AZN vs PFE vs MRK vs LLY vs BMY — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Drug Manufacturers - General | Drug Manufacturers - General | Drug Manufacturers - General | Drug Manufacturers - General | Drug Manufacturers - General |
| Market Cap | $283.47B | $146.02B | $275.10B | $896.11B | $114.66B |
| Revenue (TTM) | $60.44B | $63.31B | $64.93B | $72.25B | $48.48B |
| Net Income (TTM) | $10.39B | $7.49B | $18.25B | $25.27B | $7.28B |
| Gross Margin | 81.7% | 69.3% | 74.2% | 83.5% | 68.7% |
| Operating Margin | 23.7% | 23.4% | 41.1% | 45.9% | 25.7% |
| Forward P/E | 17.8x | 8.7x | 21.7x | 26.3x | 8.9x |
| Total Debt | $29.70B | $67.42B | $50.53B | $42.50B | $47.14B |
| Cash & Equiv. | $5.71B | $1.14B | $14.56B | $7.16B | $10.21B |
AZN vs PFE vs MRK vs LLY vs BMY — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| AstraZeneca PLC (AZN) | 100 | 170.5 | +70.5% |
| Pfizer Inc. (PFE) | 100 | 70.9 | -29.1% |
| Merck & Co., Inc. (MRK) | 100 | 144.7 | +44.7% |
| Eli Lilly and Compa… (LLY) | 100 | 620.1 | +520.1% |
| Bristol-Myers Squib… (BMY) | 100 | 94.0 | -6.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: AZN vs PFE vs MRK vs LLY vs BMY
Each card shows where this stock fits in a portfolio — not just who wins on paper.
AZN is the #2 pick in this set and the best alternative if valuation efficiency is your priority.
- PEG 0.82 vs MRK's 1.02
- Lower P/E (17.8x vs 26.3x), PEG 0.82 vs 0.91
PFE ranks third and is worth considering specifically for income & stability.
- Dividend streak 15 yrs, beta 0.49, yield 6.7%
- 6.7% yield, 15-year raise streak, vs LLY's 0.6%
MRK is the clearest fit if your priority is sleep-well-at-night.
- Lower volatility, beta 0.45, Low D/E 96.0%, current ratio 1.54x
- +47.7% vs PFE's +21.1%
LLY carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 44.7%, EPS growth 96.0%, 3Y rev CAGR 31.7%
- 12.0% 10Y total return vs AZN's 269.2%
- 44.7% revenue growth vs PFE's -1.6%
- 35.0% margin vs PFE's 11.8%
BMY is the clearest fit if your priority is defensive.
- Beta 0.45, yield 4.4%, current ratio 1.26x
- Beta 0.45 vs LLY's 0.65
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 44.7% revenue growth vs PFE's -1.6% | |
| Value | Lower P/E (17.8x vs 26.3x), PEG 0.82 vs 0.91 | |
| Quality / Margins | 35.0% margin vs PFE's 11.8% | |
| Stability / Safety | Beta 0.45 vs LLY's 0.65 | |
| Dividends | 6.7% yield, 15-year raise streak, vs LLY's 0.6% | |
| Momentum (1Y) | +47.7% vs PFE's +21.1% | |
| Efficiency (ROA) | 22.7% ROA vs PFE's 3.6%, ROIC 41.8% vs 7.5% |
AZN vs PFE vs MRK vs LLY vs BMY — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
AZN vs PFE vs MRK vs LLY vs BMY — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
LLY leads in 3 of 6 categories
PFE leads 2 • AZN leads 0 • MRK leads 0 • BMY leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
LLY leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
LLY and BMY operate at a comparable scale, with $72.2B and $48.5B in trailing revenue. LLY is the more profitable business, keeping 35.0% of every revenue dollar as net income compared to PFE's 11.8%. On growth, LLY holds the edge at +55.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $60.4B | $63.3B | $64.9B | $72.2B | $48.5B |
| EBITDAEarnings before interest/tax | $20.1B | $21.0B | $32.4B | $34.7B | $15.7B |
| Net IncomeAfter-tax profit | $10.4B | $7.5B | $18.3B | $25.3B | $7.3B |
| Free Cash FlowCash after capex | $9.1B | $9.5B | $12.4B | $13.6B | $11.9B |
| Gross MarginGross profit ÷ Revenue | +81.7% | +69.3% | +74.2% | +83.5% | +68.7% |
| Operating MarginEBIT ÷ Revenue | +23.7% | +23.4% | +41.1% | +45.9% | +25.7% |
| Net MarginNet income ÷ Revenue | +17.2% | +11.8% | +28.1% | +35.0% | +15.0% |
| FCF MarginFCF ÷ Revenue | +15.1% | +15.0% | +19.0% | +18.8% | +24.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +12.5% | +5.4% | +4.5% | +55.5% | +2.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +5.3% | -9.5% | -19.6% | +169.9% | +9.2% |
Valuation Metrics
PFE leads this category, winning 3 of 7 comparable metrics.
Valuation Metrics
At 15.3x trailing earnings, MRK trades at a 63% valuation discount to LLY's 41.3x P/E. Adjusting for growth (PEG ratio), MRK offers better value at 0.72x vs LLY's 1.43x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $283.5B | $146.0B | $275.1B | $896.1B | $114.7B |
| Enterprise ValueMkt cap + debt − cash | $307.5B | $212.3B | $311.1B | $931.5B | $151.6B |
| Trailing P/EPrice ÷ TTM EPS | 27.96x | 18.88x | 15.30x | 41.33x | 16.28x |
| Forward P/EPrice ÷ next-FY EPS est. | 17.79x | 8.66x | 21.69x | 26.30x | 8.91x |
| PEG RatioP/E ÷ EPS growth rate | 1.28x | — | 0.72x | 1.43x | — |
| EV / EBITDAEnterprise value multiple | 15.79x | 10.44x | 10.61x | 29.80x | 9.16x |
| Price / SalesMarket cap ÷ Revenue | 4.83x | 2.33x | 4.24x | 13.75x | 2.38x |
| Price / BookPrice ÷ Book value/share | 5.86x | 1.68x | 5.30x | 32.10x | 6.19x |
| Price / FCFMarket cap ÷ FCF | 24.09x | 16.09x | 22.26x | 99.88x | 8.93x |
Profitability & Efficiency
LLY leads this category, winning 6 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 $8 for PFE. AZN carries lower financial leverage with a 0.61x debt-to-equity ratio, signaling a more conservative balance sheet compared to BMY's 2.55x. On the Piotroski fundamental quality scale (0–9), AZN scores 8/9 vs MRK's 4/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +22.2% | +8.3% | +36.1% | +101.2% | +39.0% |
| ROA (TTM)Return on assets | +9.1% | +3.6% | +14.6% | +22.7% | +7.9% |
| ROICReturn on invested capital | +14.9% | +7.5% | +22.0% | +41.8% | +16.9% |
| ROCEReturn on capital employed | +17.2% | +9.0% | +23.8% | +46.6% | +18.7% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 7 | 4 | 8 | 8 |
| Debt / EquityFinancial leverage | 0.61x | 0.78x | 0.96x | 1.60x | 2.55x |
| Net DebtTotal debt minus cash | $24.0B | $66.3B | $36.0B | $35.3B | $36.9B |
| Cash & Equiv.Liquid assets | $5.7B | $1.1B | $14.6B | $7.2B | $10.2B |
| Total DebtShort + long-term debt | $29.7B | $67.4B | $50.5B | $42.5B | $47.1B |
| Interest CoverageEBIT ÷ Interest expense | 8.43x | 4.02x | 19.68x | 35.68x | 10.33x |
Total Returns (Dividends Reinvested)
LLY leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in LLY five years ago would be worth $49,927 today (with dividends reinvested), compared to $8,517 for PFE. Over the past 12 months, MRK leads with a +47.7% total return vs PFE's +21.1%. The 3-year compound annual growth rate (CAGR) favors LLY at 30.6% vs PFE's -6.9% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +1.3% | +5.4% | +5.4% | -12.0% | +7.4% |
| 1-Year ReturnPast 12 months | +38.7% | +21.1% | +47.7% | +27.0% | +25.1% |
| 3-Year ReturnCumulative with dividends | +30.6% | -19.4% | +2.1% | +123.0% | -7.3% |
| 5-Year ReturnCumulative with dividends | +84.2% | -14.8% | +69.5% | +399.3% | +4.7% |
| 10-Year ReturnCumulative with dividends | +269.2% | +28.5% | +164.7% | +1202.6% | +6.6% |
| CAGR (3Y)Annualised 3-year return | +9.3% | -6.9% | +0.7% | +30.6% | -2.5% |
Risk & Volatility
Evenly matched — PFE and BMY each lead in 1 of 2 comparable metrics.
Risk & Volatility
BMY is the less volatile stock with a 0.45 beta — it tends to amplify market swings less than LLY's 0.65 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PFE currently trades 89.3% from its 52-week high vs LLY's 83.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.63x | 0.49x | 0.45x | 0.65x | 0.45x |
| 52-Week HighHighest price in past year | $212.71 | $28.75 | $125.14 | $1133.95 | $62.89 |
| 52-Week LowLowest price in past year | $91.44 | $21.97 | $73.31 | $623.78 | $42.52 |
| % of 52W HighCurrent price vs 52-week peak | +86.0% | +89.3% | +89.0% | +83.6% | +89.3% |
| RSI (14)Momentum oscillator 0–100 | 36.3 | 43.9 | 43.7 | 58.4 | 40.4 |
| Avg Volume (50D)Average daily shares traded | 1.8M | 33.3M | 7.2M | 2.6M | 10.2M |
Analyst Outlook
PFE leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: AZN as "Buy", PFE as "Hold", MRK as "Buy", LLY as "Buy", BMY as "Hold". Consensus price targets imply 33.0% upside for LLY (target: $1261) vs 6.7% for PFE (target: $27). For income investors, PFE offers the higher dividend yield at 6.69% vs LLY's 0.63%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold | Buy | Buy | Hold |
| Price TargetConsensus 12-month target | $211.00 | $27.40 | $129.31 | $1261.11 | $62.00 |
| # AnalystsCovering analysts | 41 | 39 | 37 | 45 | 41 |
| Dividend YieldAnnual dividend ÷ price | +1.8% | +6.7% | +2.9% | +0.6% | +4.4% |
| Dividend StreakConsecutive years of raises | 4 | 15 | 14 | 11 | 6 |
| Dividend / ShareAnnual DPS | $3.25 | $1.72 | $3.26 | $6.00 | $2.47 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.3% | 0.0% | +1.8% | +0.5% | 0.0% |
LLY leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). PFE leads in 2 (Valuation Metrics, Analyst Outlook). 1 tied.
AZN vs PFE vs MRK vs LLY vs BMY: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is AZN or PFE or MRK or LLY or BMY a better buy right now?
For growth investors, Eli Lilly and Company (LLY) is the stronger pick with 44.
7% revenue growth year-over-year, versus -1. 6% for Pfizer Inc. (PFE). Merck & Co. , Inc. (MRK) offers the better valuation at 15. 3x trailing P/E (21. 7x forward), making it the more compelling value choice. Analysts rate AstraZeneca PLC (AZN) a "Buy" — based on 41 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 — AZN or PFE or MRK or LLY or BMY?
On trailing P/E, Merck & Co.
, Inc. (MRK) is the cheapest at 15. 3x versus Eli Lilly and Company at 41. 3x. On forward P/E, Pfizer Inc. is actually cheaper at 8. 7x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: AstraZeneca PLC wins at 0. 82x versus Merck & Co. , Inc. 's 1. 02x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — AZN or PFE or MRK or LLY or BMY?
Over the past 5 years, Eli Lilly and Company (LLY) delivered a total return of +399.
3%, compared to -14. 8% for Pfizer Inc. (PFE). Over 10 years, the gap is even starker: LLY returned +1203% versus BMY's +6. 6%. 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 — AZN or PFE or MRK or LLY or BMY?
By beta (market sensitivity over 5 years), Bristol-Myers Squibb Company (BMY) is the lower-risk stock at 0.
45β versus Eli Lilly and Company's 0. 65β — meaning LLY is approximately 44% more volatile than BMY relative to the S&P 500. On balance sheet safety, AstraZeneca PLC (AZN) carries a lower debt/equity ratio of 61% versus 3% for Bristol-Myers Squibb Company — giving it more financial flexibility in a downturn.
05Which is growing faster — AZN or PFE or MRK or LLY or BMY?
By revenue growth (latest reported year), Eli Lilly and Company (LLY) is pulling ahead at 44.
7% versus -1. 6% for Pfizer Inc. (PFE). On earnings-per-share growth, the picture is similar: AstraZeneca PLC grew EPS 190. 7% year-over-year, compared to -3. 5% for Pfizer Inc.. Over a 3-year CAGR, LLY leads at 31. 7% 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 — AZN or PFE or MRK or LLY or BMY?
Eli Lilly and Company (LLY) is the more profitable company, earning 31.
7% net margin versus 12. 4% for Pfizer 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 23. 4% for AZN. At the gross margin level — before operating expenses — LLY leads at 83. 8%, 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 AZN or PFE or MRK or LLY or BMY more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, AstraZeneca PLC (AZN) is the more undervalued stock at a PEG of 0. 82x versus Merck & Co. , Inc. 's 1. 02x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Pfizer Inc. (PFE) trades at 8. 7x forward P/E versus 26. 3x for Eli Lilly and Company — 17. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for LLY: 33. 0% to $1261. 11.
08Which pays a better dividend — AZN or PFE or MRK or LLY or BMY?
All stocks in this comparison pay dividends.
Pfizer Inc. (PFE) offers the highest yield at 6. 7%, versus 0. 6% for Eli Lilly and Company (LLY).
09Is AZN or PFE or MRK or LLY or BMY 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.
65), 0. 6% yield, +1203% 10Y return). Both have compounded well over 10 years (LLY: +1203%, PFE: +28. 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.
10What are the main differences between AZN and PFE and MRK and LLY and BMY?
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: AZN is a large-cap quality compounder stock; PFE is a mid-cap income-oriented stock; MRK is a large-cap deep-value stock; LLY is a large-cap high-growth stock; BMY is a mid-cap deep-value stock. 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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