Drug Manufacturers - General
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4 / 10Stock Comparison
BIIB vs REGN vs VRTX vs INCY
Revenue, margins, valuation, and 5-year total return — side by side.
Biotechnology
Biotechnology
Biotechnology
BIIB vs REGN vs VRTX vs INCY — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Drug Manufacturers - General | Biotechnology | Biotechnology | Biotechnology |
| Market Cap | $28.25B | $73.68B | $108.10B | $19.53B |
| Revenue (TTM) | $9.86B | $14.92B | $12.26B | $5.36B |
| Net Income (TTM) | $1.37B | $4.42B | $4.34B | $1.43B |
| Gross Margin | 69.8% | 84.5% | 86.3% | 91.9% |
| Operating Margin | 15.6% | 24.3% | 39.0% | 26.8% |
| Forward P/E | 13.0x | 15.3x | 22.2x | 13.1x |
| Total Debt | $6.95B | $2.71B | $3.88B | $69M |
| Cash & Equiv. | $3.01B | $3.12B | $5.09B | $3.10B |
BIIB vs REGN vs VRTX vs INCY — 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% |
| Regeneron Pharmaceu… (REGN) | 100 | 115.7 | +15.7% |
| Vertex Pharmaceutic… (VRTX) | 100 | 147.6 | +47.6% |
| Incyte Corporation (INCY) | 100 | 95.9 | -4.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BIIB vs REGN vs VRTX vs INCY
Each card shows where this stock fits in a portfolio — not just who wins on paper.
BIIB is the #2 pick in this set and the best alternative if value and stability is your priority.
- Lower P/E (13.0x vs 13.1x)
- Beta 0.64 vs INCY's 0.87
REGN is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 1 yrs, beta 0.81, yield 0.5%
- Lower volatility, beta 0.81, Low D/E 8.7%, current ratio 4.13x
- PEG 2.43 vs VRTX's 2.68
- Beta 0.81, yield 0.5%, current ratio 4.13x
VRTX is the clearest fit if your priority is long-term compounding.
- 382.6% 10Y total return vs REGN's 90.0%
- 35.4% margin vs BIIB's 13.9%
INCY carries the broadest edge in this set and is the clearest fit for growth exposure.
- Rev growth 21.2%, EPS growth 41.7%, 3Y rev CAGR 14.8%
- 21.2% revenue growth vs REGN's 1.0%
- +64.2% vs VRTX's -2.3%
- 21.7% ROA vs BIIB's 4.7%, ROIC 51.1% vs 6.5%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 21.2% revenue growth vs REGN's 1.0% | |
| Value | Lower P/E (13.0x vs 13.1x) | |
| Quality / Margins | 35.4% margin vs BIIB's 13.9% | |
| Stability / Safety | Beta 0.64 vs INCY's 0.87 | |
| Dividends | 0.5% yield; 1-year raise streak; the other 3 pay no meaningful dividend | |
| Momentum (1Y) | +64.2% vs VRTX's -2.3% | |
| Efficiency (ROA) | 21.7% ROA vs BIIB's 4.7%, ROIC 51.1% vs 6.5% |
BIIB vs REGN vs VRTX vs INCY — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
BIIB vs REGN vs VRTX vs INCY — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
BIIB leads in 2 of 6 categories
INCY leads 2 • REGN leads 1 • VRTX leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
Evenly matched — VRTX and INCY each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
REGN is the larger business by revenue, generating $14.9B annually — 2.8x INCY's $5.4B. VRTX is the more profitable business, keeping 35.4% of every revenue dollar as net income compared to BIIB's 13.9%. On growth, INCY holds the edge at +20.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $9.9B | $14.9B | $12.3B | $5.4B |
| EBITDAEarnings before interest/tax | $2.4B | $4.2B | $4.9B | $1.5B |
| Net IncomeAfter-tax profit | $1.4B | $4.4B | $4.3B | $1.4B |
| Free Cash FlowCash after capex | $2.6B | $4.2B | $3.7B | $1.5B |
| Gross MarginGross profit ÷ Revenue | +69.8% | +84.5% | +86.3% | +91.9% |
| Operating MarginEBIT ÷ Revenue | +15.6% | +24.3% | +39.0% | +26.8% |
| Net MarginNet income ÷ Revenue | +13.9% | +29.6% | +35.4% | +26.7% |
| FCF MarginFCF ÷ Revenue | +26.6% | +27.9% | +30.3% | +27.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +1.9% | +19.0% | +7.8% | +20.9% |
| EPS Growth (YoY)Latest quarter vs prior year | +31.1% | -7.2% | +61.4% | +83.8% |
Valuation Metrics
BIIB leads this category, winning 5 of 7 comparable metrics.
Valuation Metrics
At 15.3x trailing earnings, INCY trades at a 45% valuation discount to VRTX's 27.7x P/E. Adjusting for growth (PEG ratio), REGN offers better value at 2.70x vs VRTX's 3.35x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $28.3B | $73.7B | $108.1B | $19.5B |
| Enterprise ValueMkt cap + debt − cash | $32.2B | $73.3B | $106.9B | $16.5B |
| Trailing P/EPrice ÷ TTM EPS | 21.67x | 17.09x | 27.74x | 15.25x |
| Forward P/EPrice ÷ next-FY EPS est. | 13.05x | 15.35x | 22.18x | 13.06x |
| PEG RatioP/E ÷ EPS growth rate | — | 2.70x | 3.35x | — |
| EV / EBITDAEnterprise value multiple | 11.45x | 17.78x | 21.52x | 11.49x |
| Price / SalesMarket cap ÷ Revenue | 2.88x | 5.14x | 8.95x | 3.80x |
| Price / BookPrice ÷ Book value/share | 1.54x | 2.46x | 5.87x | 3.80x |
| Price / FCFMarket cap ÷ FCF | 13.78x | 18.06x | 33.85x | 14.42x |
Profitability & Efficiency
INCY leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
INCY delivers a 29.3% return on equity — every $100 of shareholder capital generates $29 in annual profit, vs $8 for BIIB. INCY carries lower financial leverage with a 0.01x debt-to-equity ratio, signaling a more conservative balance sheet compared to BIIB's 0.38x. On the Piotroski fundamental quality scale (0–9), INCY scores 7/9 vs VRTX's 4/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +7.5% | +14.3% | +23.9% | +29.3% |
| ROA (TTM)Return on assets | +4.7% | +11.1% | +17.1% | +21.7% |
| ROICReturn on invested capital | +6.5% | +8.9% | +23.0% | +51.1% |
| ROCEReturn on capital employed | +7.7% | +10.2% | +23.1% | +29.0% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 | 4 | 7 |
| Debt / EquityFinancial leverage | 0.38x | 0.09x | 0.21x | 0.01x |
| Net DebtTotal debt minus cash | $3.9B | -$412M | -$1.2B | -$3.0B |
| Cash & Equiv.Liquid assets | $3.0B | $3.1B | $5.1B | $3.1B |
| Total DebtShort + long-term debt | $6.9B | $2.7B | $3.9B | $69M |
| Interest CoverageEBIT ÷ Interest expense | 6.91x | 108.44x | 488.09x | 759.79x |
Total Returns (Dividends Reinvested)
INCY leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in VRTX five years ago would be worth $19,767 today (with dividends reinvested), compared to $6,984 for BIIB. Over the past 12 months, INCY leads with a +64.2% total return vs VRTX's -2.3%. The 3-year compound annual growth rate (CAGR) favors INCY at 14.1% vs BIIB's -15.2% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +7.6% | -8.5% | -6.0% | -3.6% |
| 1-Year ReturnPast 12 months | +63.3% | +27.1% | -2.3% | +64.2% |
| 3-Year ReturnCumulative with dividends | -39.1% | -5.1% | +23.5% | +48.6% |
| 5-Year ReturnCumulative with dividends | -30.2% | +43.6% | +97.7% | +18.2% |
| 10-Year ReturnCumulative with dividends | -29.2% | +90.0% | +382.6% | +34.2% |
| CAGR (3Y)Annualised 3-year return | -15.2% | -1.7% | +7.3% | +14.1% |
Risk & Volatility
BIIB leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
BIIB is the less volatile stock with a 0.64 beta — it tends to amplify market swings less than INCY's 0.87 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 VRTX's 83.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.64x | 0.81x | 0.82x | 0.87x |
| 52-Week HighHighest price in past year | $202.41 | $821.11 | $507.92 | $112.29 |
| 52-Week LowLowest price in past year | $115.25 | $476.49 | $362.50 | $57.77 |
| % of 52W HighCurrent price vs 52-week peak | +94.6% | +86.4% | +83.7% | +87.1% |
| RSI (14)Momentum oscillator 0–100 | 56.6 | 44.9 | 43.2 | 59.4 |
| Avg Volume (50D)Average daily shares traded | 1.0M | 631K | 1.2M | 1.4M |
Analyst Outlook
REGN leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: BIIB as "Buy", REGN as "Buy", VRTX as "Buy", INCY as "Buy". Consensus price targets imply 29.9% upside for VRTX (target: $552) 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 | $865.68 | $552.27 | $109.50 |
| # AnalystsCovering analysts | 48 | 48 | 56 | 44 |
| 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% | +5.4% | +1.9% | +0.1% |
BIIB leads in 2 of 6 categories (Valuation Metrics, Risk & Volatility). INCY leads in 2 (Profitability & Efficiency, Total Returns). 1 tied.
BIIB vs REGN vs VRTX vs INCY: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is BIIB or REGN or VRTX or INCY a better buy right now?
For growth investors, Incyte Corporation (INCY) is the stronger pick with 21.
2% revenue growth year-over-year, versus 1. 0% for Regeneron Pharmaceuticals, Inc. (REGN). 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 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 REGN or VRTX or INCY?
On trailing P/E, Incyte Corporation (INCY) is the cheapest at 15.
3x versus Vertex Pharmaceuticals Incorporated at 27. 7x. On forward P/E, Biogen Inc. is actually cheaper at 13. 0x — 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: Regeneron Pharmaceuticals, Inc. wins at 2. 43x versus Vertex Pharmaceuticals Incorporated's 2. 68x.
03Which is the better long-term investment — BIIB or REGN or VRTX or INCY?
Over the past 5 years, Vertex Pharmaceuticals Incorporated (VRTX) delivered a total return of +97.
7%, compared to -30. 2% for Biogen Inc. (BIIB). Over 10 years, the gap is even starker: VRTX returned +382. 6% 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 REGN or VRTX or INCY?
By beta (market sensitivity over 5 years), Biogen Inc.
(BIIB) is the lower-risk stock at 0. 64β versus Incyte Corporation's 0. 87β — meaning INCY is approximately 37% more volatile than BIIB relative to the S&P 500. On balance sheet safety, Incyte Corporation (INCY) carries a lower debt/equity ratio of 1% versus 38% for Biogen Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — BIIB or REGN or VRTX or INCY?
By revenue growth (latest reported year), Incyte Corporation (INCY) is pulling ahead at 21.
2% versus 1. 0% for Regeneron Pharmaceuticals, Inc. (REGN). On earnings-per-share growth, the picture is similar: Incyte Corporation grew EPS 41. 7% year-over-year, compared to -21. 1% for Biogen Inc.. Over a 3-year CAGR, INCY leads at 14. 8% 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 REGN or VRTX or INCY?
Vertex Pharmaceuticals Incorporated (VRTX) is the more profitable company, earning 32.
7% net margin versus 13. 2% for Biogen Inc. — meaning it keeps 32. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: VRTX leads at 39. 4% versus 19. 1% for BIIB. At the gross margin level — before operating expenses — INCY leads at 91. 5%, 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 REGN or VRTX or INCY 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, Regeneron Pharmaceuticals, Inc. (REGN) is the more undervalued stock at a PEG of 2. 43x versus Vertex Pharmaceuticals Incorporated's 2. 68x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Biogen Inc. (BIIB) trades at 13. 0x forward P/E versus 22. 2x for Vertex Pharmaceuticals Incorporated — 9. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for VRTX: 29. 9% to $552. 27.
08Which pays a better dividend — BIIB or REGN or VRTX or INCY?
In this comparison, REGN (0.
5% yield) pays a dividend. BIIB, VRTX, INCY do not pay a meaningful dividend and should not be held primarily for income.
09Is BIIB or REGN or VRTX or INCY better for a retirement portfolio?
For long-horizon retirement investors, Vertex Pharmaceuticals Incorporated (VRTX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
82), +382. 6% 10Y return). Both have compounded well over 10 years (VRTX: +382. 6%, INCY: +34. 2%), 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 REGN and VRTX and INCY?
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; REGN is a mid-cap deep-value stock; VRTX is a mid-cap quality compounder stock; INCY 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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