Drug Manufacturers - General
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4 / 10Stock Comparison
BIIB vs ALNY vs REGN vs IONS
Revenue, margins, valuation, and 5-year total return — side by side.
Biotechnology
Biotechnology
Biotechnology
BIIB vs ALNY vs REGN vs IONS — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Drug Manufacturers - General | Biotechnology | Biotechnology | Biotechnology |
| Market Cap | $28.25B | $39.48B | $73.68B | $12.56B |
| Revenue (TTM) | $9.86B | $4.29B | $14.92B | $1.06B |
| Net Income (TTM) | $1.37B | $577M | $4.42B | $-327M |
| Gross Margin | 69.8% | 80.9% | 84.5% | 98.3% |
| Operating Margin | 15.6% | 17.5% | 24.3% | -33.3% |
| Forward P/E | 13.0x | 44.2x | 15.3x | — |
| Total Debt | $6.95B | $1.28B | $2.71B | $2.61B |
| Cash & Equiv. | $3.01B | $1.66B | $3.12B | $372M |
BIIB vs ALNY vs REGN vs IONS — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Biogen Inc. (BIIB) | 100 | 62.3 | -37.7% |
| Alnylam Pharmaceuti… (ALNY) | 100 | 218.8 | +118.8% |
| Regeneron Pharmaceu… (REGN) | 100 | 115.7 | +15.7% |
| Ionis Pharmaceutica… (IONS) | 100 | 135.2 | +35.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BIIB vs ALNY vs REGN vs IONS
Each card shows where this stock fits in a portfolio — not just who wins on paper.
BIIB is the clearest fit if your priority is income & stability.
- Dividend streak 0 yrs, beta 0.64
- Better valuation composite
ALNY has the current edge in this matchup, primarily because of its strength in growth exposure and long-term compounding.
- Rev growth 65.2%, EPS growth 206.9%, 3Y rev CAGR 53.0%
- 411.9% 10Y total return vs IONS's 121.1%
- 65.2% revenue growth vs REGN's 1.0%
- 11.8% ROA vs IONS's -10.1%, ROIC 33.4% vs -12.8%
REGN is the #2 pick in this set and the best alternative if quality and dividends is your priority.
- 29.6% margin vs IONS's -30.9%
- 0.5% yield; 1-year raise streak; the other 3 pay no meaningful dividend
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
- Beta 0.55 vs REGN's 0.81
- +129.9% vs ALNY's +7.0%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 65.2% revenue growth vs REGN's 1.0% | |
| Value | Better valuation composite | |
| Quality / Margins | 29.6% margin vs IONS's -30.9% | |
| Stability / Safety | Beta 0.55 vs REGN's 0.81 | |
| Dividends | 0.5% yield; 1-year raise streak; the other 3 pay no meaningful dividend | |
| Momentum (1Y) | +129.9% vs ALNY's +7.0% | |
| Efficiency (ROA) | 11.8% ROA vs IONS's -10.1%, ROIC 33.4% vs -12.8% |
BIIB vs ALNY vs REGN vs IONS — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
BIIB vs ALNY vs REGN vs IONS — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
REGN leads in 2 of 6 categories
BIIB leads 1 • ALNY leads 1 • IONS leads 1 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
REGN leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
REGN is the larger business by revenue, generating $14.9B annually — 14.1x IONS's $1.1B. REGN is the more profitable business, keeping 29.6% of every revenue dollar as net income compared to IONS's -30.9%. On growth, ALNY holds the edge at +96.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $9.9B | $4.3B | $14.9B | $1.1B |
| EBITDAEarnings before interest/tax | $2.4B | $677M | $4.2B | $4.5B |
| Net IncomeAfter-tax profit | $1.4B | $577M | $4.4B | -$327M |
| Free Cash FlowCash after capex | $2.6B | $641M | $4.2B | -$971M |
| Gross MarginGross profit ÷ Revenue | +69.8% | +80.9% | +84.5% | +98.3% |
| Operating MarginEBIT ÷ Revenue | +15.6% | +17.5% | +24.3% | -33.3% |
| Net MarginNet income ÷ Revenue | +13.9% | +13.5% | +29.6% | -30.9% |
| FCF MarginFCF ÷ Revenue | +26.6% | +15.0% | +27.9% | -91.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +1.9% | +96.4% | +19.0% | +87.0% |
| EPS Growth (YoY)Latest quarter vs prior year | +31.1% | +4.4% | -7.2% | +39.8% |
Valuation Metrics
BIIB leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 17.1x trailing earnings, REGN trades at a 87% valuation discount to ALNY's 127.0x P/E. On an enterprise value basis, BIIB's 11.4x EV/EBITDA is more attractive than ALNY's 70.2x.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $28.3B | $39.5B | $73.7B | $12.6B |
| Enterprise ValueMkt cap + debt − cash | $32.2B | $39.1B | $73.3B | $14.8B |
| Trailing P/EPrice ÷ TTM EPS | 21.67x | 127.00x | 17.09x | -31.94x |
| Forward P/EPrice ÷ next-FY EPS est. | 13.05x | 44.18x | 15.35x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — | 2.70x | — |
| EV / EBITDAEnterprise value multiple | 11.45x | 70.17x | 17.78x | — |
| Price / SalesMarket cap ÷ Revenue | 2.88x | 10.63x | 5.14x | 13.31x |
| Price / BookPrice ÷ Book value/share | 1.54x | 50.50x | 2.46x | 24.87x |
| Price / FCFMarket cap ÷ FCF | 13.78x | 84.84x | 18.06x | — |
Profitability & Efficiency
ALNY leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
ALNY delivers a 98.3% return on equity — every $100 of shareholder capital generates $98 in annual profit, vs $-59 for IONS. REGN carries lower financial leverage with a 0.09x debt-to-equity ratio, signaling a more conservative balance sheet compared to IONS's 5.35x. On the Piotroski fundamental quality scale (0–9), ALNY scores 6/9 vs IONS's 3/9, reflecting solid financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +7.5% | +98.3% | +14.3% | -58.6% |
| ROA (TTM)Return on assets | +4.7% | +11.8% | +11.1% | -10.1% |
| ROICReturn on invested capital | +6.5% | +33.4% | +8.9% | -12.8% |
| ROCEReturn on capital employed | +7.7% | +15.3% | +10.2% | -14.1% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 | 5 | 3 |
| Debt / EquityFinancial leverage | 0.38x | 1.62x | 0.09x | 5.35x |
| Net DebtTotal debt minus cash | $3.9B | -$379M | -$412M | $2.2B |
| Cash & Equiv.Liquid assets | $3.0B | $1.7B | $3.1B | $372M |
| Total DebtShort + long-term debt | $6.9B | $1.3B | $2.7B | $2.6B |
| Interest CoverageEBIT ÷ Interest expense | 6.91x | 2.02x | 108.44x | -3.64x |
Total Returns (Dividends Reinvested)
IONS leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in ALNY five years ago would be worth $22,537 today (with dividends reinvested), compared to $6,984 for BIIB. Over the past 12 months, IONS leads with a +129.9% total return vs ALNY's +7.0%. The 3-year compound annual growth rate (CAGR) favors IONS at 29.3% vs BIIB's -15.2% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +7.6% | -26.1% | -8.5% | -4.6% |
| 1-Year ReturnPast 12 months | +63.3% | +7.0% | +27.1% | +129.9% |
| 3-Year ReturnCumulative with dividends | -39.1% | +40.9% | -5.1% | +116.1% |
| 5-Year ReturnCumulative with dividends | -30.2% | +125.4% | +43.6% | +108.0% |
| 10-Year ReturnCumulative with dividends | -29.2% | +411.9% | +90.0% | +121.1% |
| CAGR (3Y)Annualised 3-year return | -15.2% | +12.1% | -1.7% | +29.3% |
Risk & Volatility
Evenly matched — BIIB and IONS each lead in 1 of 2 comparable metrics.
Risk & Volatility
IONS is the less volatile stock with a 0.55 beta — it tends to amplify market swings less than REGN's 0.81 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BIIB currently trades 94.6% from its 52-week high vs ALNY's 59.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.64x | 0.71x | 0.81x | 0.55x |
| 52-Week HighHighest price in past year | $202.41 | $495.55 | $821.11 | $86.74 |
| 52-Week LowLowest price in past year | $115.25 | $245.96 | $476.49 | $31.66 |
| % of 52W HighCurrent price vs 52-week peak | +94.6% | +59.7% | +86.4% | +87.6% |
| RSI (14)Momentum oscillator 0–100 | 56.6 | 43.8 | 44.9 | 58.8 |
| Avg Volume (50D)Average daily shares traded | 1.0M | 1.1M | 631K | 2.0M |
Analyst Outlook
REGN leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: BIIB as "Buy", ALNY as "Buy", REGN as "Buy", IONS as "Buy". Consensus price targets imply 50.6% upside for ALNY (target: $446) vs 10.5% for BIIB (target: $211). REGN is the only dividend payer here at 0.48% yield — a key consideration for income-focused portfolios.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $211.42 | $445.67 | $865.68 | $107.27 |
| # AnalystsCovering analysts | 48 | 52 | 48 | 32 |
| Dividend YieldAnnual dividend ÷ price | — | — | +0.5% | — |
| Dividend StreakConsecutive years of raises | 0 | — | 1 | — |
| Dividend / ShareAnnual DPS | — | — | $3.41 | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | +5.4% | 0.0% |
REGN leads in 2 of 6 categories (Income & Cash Flow, Analyst Outlook). BIIB leads in 1 (Valuation Metrics). 1 tied.
BIIB vs ALNY vs REGN vs IONS: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is BIIB or ALNY or REGN or IONS a better buy right now?
For growth investors, Alnylam Pharmaceuticals, Inc.
(ALNY) is the stronger pick with 65. 2% revenue growth year-over-year, versus 1. 0% for Regeneron Pharmaceuticals, Inc. (REGN). Regeneron Pharmaceuticals, Inc. (REGN) offers the better valuation at 17. 1x trailing P/E (15. 3x forward), making it the more compelling value choice. Analysts rate Biogen Inc. (BIIB) 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 — BIIB or ALNY or REGN or IONS?
On trailing P/E, Regeneron Pharmaceuticals, Inc.
(REGN) is the cheapest at 17. 1x versus Alnylam Pharmaceuticals, Inc. at 127. 0x. On forward P/E, Biogen Inc. is actually cheaper at 13. 0x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — BIIB or ALNY or REGN or IONS?
Over the past 5 years, Alnylam Pharmaceuticals, Inc.
(ALNY) delivered a total return of +125. 4%, compared to -30. 2% for Biogen Inc. (BIIB). Over 10 years, the gap is even starker: ALNY returned +411. 9% versus BIIB's -29. 2%. 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 — BIIB or ALNY or REGN or IONS?
By beta (market sensitivity over 5 years), Ionis Pharmaceuticals, Inc.
(IONS) is the lower-risk stock at 0. 55β versus Regeneron Pharmaceuticals, Inc. 's 0. 81β — meaning REGN is approximately 48% more volatile than IONS relative to the S&P 500. On balance sheet safety, Regeneron Pharmaceuticals, Inc. (REGN) carries a lower debt/equity ratio of 9% versus 5% for Ionis Pharmaceuticals, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — BIIB or ALNY or REGN or IONS?
By revenue growth (latest reported year), Alnylam Pharmaceuticals, Inc.
(ALNY) is pulling ahead at 65. 2% versus 1. 0% for Regeneron Pharmaceuticals, Inc. (REGN). On earnings-per-share growth, the picture is similar: Alnylam Pharmaceuticals, Inc. grew EPS 206. 9% year-over-year, compared to -21. 1% for Biogen Inc.. Over a 3-year CAGR, ALNY leads at 53. 0% 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 — BIIB or ALNY or REGN or IONS?
Regeneron Pharmaceuticals, Inc.
(REGN) is the more profitable company, earning 31. 4% net margin versus -40. 4% for Ionis Pharmaceuticals, Inc. — meaning it keeps 31. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: REGN leads at 24. 9% 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 BIIB or ALNY or REGN or IONS more undervalued right now?
On forward earnings alone, Biogen Inc.
(BIIB) trades at 13. 0x forward P/E versus 44. 2x for Alnylam Pharmaceuticals, Inc. — 31. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ALNY: 50. 6% to $445. 67.
08Which pays a better dividend — BIIB or ALNY or REGN or IONS?
In this comparison, REGN (0.
5% yield) pays a dividend. BIIB, ALNY, IONS do not pay a meaningful dividend and should not be held primarily for income.
09Is BIIB or ALNY or REGN or IONS better for a retirement portfolio?
For long-horizon retirement investors, Alnylam Pharmaceuticals, Inc.
(ALNY) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 71), +411. 9% 10Y return). Both have compounded well over 10 years (ALNY: +411. 9%, REGN: +90. 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 BIIB and ALNY and REGN and IONS?
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: BIIB is a mid-cap quality compounder stock; ALNY is a mid-cap high-growth stock; REGN is a mid-cap deep-value stock; IONS is a mid-cap high-growth 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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