Medical - Diagnostics & Research
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5 / 10Stock Comparison
DGX vs NEOG vs EXAS vs QDEL vs BIO
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Diagnostics & Research
Medical - Diagnostics & Research
Medical - Instruments & Supplies
Medical - Devices
DGX vs NEOG vs EXAS vs QDEL vs BIO — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Medical - Diagnostics & Research | Medical - Diagnostics & Research | Medical - Diagnostics & Research | Medical - Instruments & Supplies | Medical - Devices |
| Market Cap | $20.74B | $1.97B | $20.02B | $737M | $6.87B |
| Revenue (TTM) | $11.28B | $880M | $3.25B | $2.66B | $2.59B |
| Net Income (TTM) | $1.02B | $-603M | $-208M | $-1.21B | $169M |
| Gross Margin | 33.2% | 38.0% | 69.7% | 56.6% | 51.9% |
| Operating Margin | 14.3% | -2.0% | -6.4% | -37.0% | 9.2% |
| Forward P/E | 17.4x | 25.3x | 582.8x | 6.0x | 27.4x |
| Total Debt | $6.92B | $913M | $2.52B | $2.80B | $1.53B |
| Cash & Equiv. | $420M | $129M | $956M | $170M | $532M |
DGX vs NEOG vs EXAS vs QDEL vs BIO — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Quest Diagnostics I… (DGX) | 100 | 158.4 | +58.4% |
| Neogen Corporation (NEOG) | 100 | 25.4 | -74.6% |
| Exact Sciences Corp… (EXAS) | 100 | 120.4 | +20.4% |
| QuidelOrtho Corpora… (QDEL) | 100 | 6.2 | -93.8% |
| Bio-Rad Laboratorie… (BIO) | 100 | 51.8 | -48.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: DGX vs NEOG vs EXAS vs QDEL vs BIO
Each card shows where this stock fits in a portfolio — not just who wins on paper.
DGX carries the broadest edge in this set and is the clearest fit for income & stability.
- Dividend streak 15 yrs, beta 0.05, yield 1.7%
- 9.1% margin vs NEOG's -68.5%
- Beta 0.05 vs QDEL's 2.28, lower leverage
- 1.7% yield; 15-year raise streak; the other 4 pay no meaningful dividend
NEOG lags the leaders in this set but could rank higher in a more targeted comparison.
EXAS is the #2 pick in this set and the best alternative if growth exposure and long-term compounding is your priority.
- Rev growth 17.7%, EPS growth 80.3%, 3Y rev CAGR 15.9%
- 16.7% 10Y total return vs DGX's 176.8%
- 17.7% revenue growth vs NEOG's -3.2%
- +97.7% vs QDEL's -70.3%
QDEL ranks third and is worth considering specifically for value.
- Lower P/E (6.0x vs 27.4x)
BIO is the clearest fit if your priority is sleep-well-at-night and defensive.
- Lower volatility, beta 0.91, Low D/E 20.5%, current ratio 5.62x
- Beta 0.91, current ratio 5.62x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 17.7% revenue growth vs NEOG's -3.2% | |
| Value | Lower P/E (6.0x vs 27.4x) | |
| Quality / Margins | 9.1% margin vs NEOG's -68.5% | |
| Stability / Safety | Beta 0.05 vs QDEL's 2.28, lower leverage | |
| Dividends | 1.7% yield; 15-year raise streak; the other 4 pay no meaningful dividend | |
| Momentum (1Y) | +97.7% vs QDEL's -70.3% | |
| Efficiency (ROA) | 6.3% ROA vs QDEL's -20.7%, ROIC 8.8% vs -13.6% |
DGX vs NEOG vs EXAS vs QDEL vs BIO — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
DGX vs NEOG vs EXAS vs QDEL vs BIO — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
DGX leads in 2 of 6 categories
QDEL leads 1 • EXAS leads 1 • NEOG leads 0 • BIO leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
Evenly matched — DGX and EXAS each lead in 2 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
DGX is the larger business by revenue, generating $11.3B annually — 12.8x NEOG's $880M. DGX is the more profitable business, keeping 9.1% of every revenue dollar as net income compared to NEOG's -68.5%. On growth, EXAS holds the edge at +23.1% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $11.3B | $880M | $3.2B | $2.7B | $2.6B |
| EBITDAEarnings before interest/tax | $1.9B | $100M | -$41M | -$649M | -$315M |
| Net IncomeAfter-tax profit | $1.0B | -$603M | -$208M | -$1.2B | $169M |
| Free Cash FlowCash after capex | $1.3B | $17M | $357M | -$75M | $357M |
| Gross MarginGross profit ÷ Revenue | +33.2% | +38.0% | +69.7% | +56.6% | +51.9% |
| Operating MarginEBIT ÷ Revenue | +14.3% | -2.0% | -6.4% | -37.0% | +9.2% |
| Net MarginNet income ÷ Revenue | +9.1% | -68.5% | -6.4% | -45.6% | +6.5% |
| FCF MarginFCF ÷ Revenue | +11.8% | +2.0% | +11.0% | -2.8% | +13.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +9.2% | -2.8% | +23.1% | -10.5% | +1.1% |
| EPS Growth (YoY)Latest quarter vs prior year | +15.5% | +96.5% | +90.4% | -6.1% | -9.5% |
Valuation Metrics
QDEL leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
At 9.1x trailing earnings, BIO trades at a 57% valuation discount to DGX's 21.4x P/E. On an enterprise value basis, DGX's 12.5x EV/EBITDA is more attractive than NEOG's 20.4x.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $20.7B | $2.0B | $20.0B | $737M | $6.9B |
| Enterprise ValueMkt cap + debt − cash | $27.2B | $2.8B | $21.6B | $3.4B | $7.9B |
| Trailing P/EPrice ÷ TTM EPS | 21.42x | -1.80x | -95.37x | -0.65x | 9.13x |
| Forward P/EPrice ÷ next-FY EPS est. | 17.44x | 25.31x | 582.83x | 5.96x | 27.40x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — | — |
| EV / EBITDAEnterprise value multiple | 12.54x | 20.37x | — | — | 16.53x |
| Price / SalesMarket cap ÷ Revenue | 1.88x | 2.20x | 6.16x | 0.27x | 2.66x |
| Price / BookPrice ÷ Book value/share | 2.91x | 0.95x | 8.24x | 0.38x | 0.93x |
| Price / FCFMarket cap ÷ FCF | 15.26x | — | 56.10x | — | 18.33x |
Profitability & Efficiency
DGX leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
DGX delivers a 13.8% return on equity — every $100 of shareholder capital generates $14 in annual profit, vs $-56 for QDEL. BIO carries lower financial leverage with a 0.21x debt-to-equity ratio, signaling a more conservative balance sheet compared to QDEL's 1.46x. On the Piotroski fundamental quality scale (0–9), DGX scores 7/9 vs NEOG's 3/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +13.8% | -28.6% | -8.7% | -56.3% | +2.4% |
| ROA (TTM)Return on assets | +6.3% | -17.9% | -3.5% | -20.7% | +2.2% |
| ROICReturn on invested capital | +8.8% | +0.2% | -3.6% | -13.6% | +2.6% |
| ROCEReturn on capital employed | +11.5% | +0.2% | -4.0% | -18.0% | +2.9% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 3 | 7 | 6 | 5 |
| Debt / EquityFinancial leverage | 0.95x | 0.44x | 1.05x | 1.46x | 0.21x |
| Net DebtTotal debt minus cash | $6.5B | $784M | $1.6B | $2.6B | $999M |
| Cash & Equiv.Liquid assets | $420M | $129M | $956M | $170M | $532M |
| Total DebtShort + long-term debt | $6.9B | $913M | $2.5B | $2.8B | $1.5B |
| Interest CoverageEBIT ÷ Interest expense | 6.26x | -8.33x | -5.47x | -5.18x | -2.49x |
Total Returns (Dividends Reinvested)
EXAS leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in DGX five years ago would be worth $14,263 today (with dividends reinvested), compared to $930 for QDEL. Over the past 12 months, EXAS leads with a +97.7% total return vs QDEL's -70.3%. The 3-year compound annual growth rate (CAGR) favors EXAS at 15.2% vs QDEL's -50.3% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +8.8% | +29.3% | +3.1% | -62.4% | -16.7% |
| 1-Year ReturnPast 12 months | +8.4% | +51.1% | +97.7% | -70.3% | +5.5% |
| 3-Year ReturnCumulative with dividends | +45.9% | -47.3% | +53.0% | -87.7% | -32.8% |
| 5-Year ReturnCumulative with dividends | +42.6% | -80.4% | +6.1% | -90.7% | -57.9% |
| 10-Year ReturnCumulative with dividends | +176.8% | -50.9% | +1669.1% | -34.6% | +79.3% |
| CAGR (3Y)Annualised 3-year return | +13.4% | -19.2% | +15.2% | -50.3% | -12.4% |
Risk & Volatility
Evenly matched — DGX and EXAS each lead in 1 of 2 comparable metrics.
Risk & Volatility
DGX is the less volatile stock with a 0.05 beta — it tends to amplify market swings less than QDEL's 2.28 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. EXAS currently trades 99.9% from its 52-week high vs QDEL's 27.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.05x | 1.69x | 0.05x | 2.28x | 0.91x |
| 52-Week HighHighest price in past year | $213.50 | $11.43 | $104.98 | $38.99 | $343.12 |
| 52-Week LowLowest price in past year | $164.65 | $4.53 | $38.81 | $10.22 | $211.43 |
| % of 52W HighCurrent price vs 52-week peak | +87.8% | +79.2% | +99.9% | +27.8% | +74.1% |
| RSI (14)Momentum oscillator 0–100 | 43.3 | 47.4 | 76.4 | 34.5 | 36.1 |
| Avg Volume (50D)Average daily shares traded | 840K | 2.5M | 4.3M | 2.2M | 304K |
Analyst Outlook
DGX leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: DGX as "Hold", NEOG as "Hold", EXAS as "Buy", QDEL as "Hold", BIO as "Buy". Consensus price targets imply 22.9% upside for BIO (target: $313) vs 0.1% for EXAS (target: $105). DGX is the only dividend payer here at 1.67% yield — a key consideration for income-focused portfolios.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold | Buy | Hold | Buy |
| Price TargetConsensus 12-month target | $220.57 | $11.00 | $105.00 | $12.25 | $312.50 |
| # AnalystsCovering analysts | 34 | 11 | 41 | 15 | 14 |
| Dividend YieldAnnual dividend ÷ price | +1.7% | — | — | — | — |
| Dividend StreakConsecutive years of raises | 15 | — | — | 0 | — |
| Dividend / ShareAnnual DPS | $3.12 | — | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +2.2% | 0.0% | +0.1% | 0.0% | +4.3% |
DGX leads in 2 of 6 categories (Profitability & Efficiency, Analyst Outlook). QDEL leads in 1 (Valuation Metrics). 2 tied.
DGX vs NEOG vs EXAS vs QDEL vs BIO: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is DGX or NEOG or EXAS or QDEL or BIO a better buy right now?
For growth investors, Exact Sciences Corporation (EXAS) is the stronger pick with 17.
7% revenue growth year-over-year, versus -3. 2% for Neogen Corporation (NEOG). Bio-Rad Laboratories, Inc. (BIO) offers the better valuation at 9. 1x trailing P/E (27. 4x forward), making it the more compelling value choice. Analysts rate Exact Sciences Corporation (EXAS) 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 — DGX or NEOG or EXAS or QDEL or BIO?
On trailing P/E, Bio-Rad Laboratories, Inc.
(BIO) is the cheapest at 9. 1x versus Quest Diagnostics Incorporated at 21. 4x. On forward P/E, QuidelOrtho Corporation is actually cheaper at 6. 0x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — DGX or NEOG or EXAS or QDEL or BIO?
Over the past 5 years, Quest Diagnostics Incorporated (DGX) delivered a total return of +42.
6%, compared to -90. 7% for QuidelOrtho Corporation (QDEL). Over 10 years, the gap is even starker: EXAS returned +1669% versus NEOG's -50. 9%. 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 — DGX or NEOG or EXAS or QDEL or BIO?
By beta (market sensitivity over 5 years), Quest Diagnostics Incorporated (DGX) is the lower-risk stock at 0.
05β versus QuidelOrtho Corporation's 2. 28β — meaning QDEL is approximately 4712% more volatile than DGX relative to the S&P 500. On balance sheet safety, Bio-Rad Laboratories, Inc. (BIO) carries a lower debt/equity ratio of 21% versus 146% for QuidelOrtho Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — DGX or NEOG or EXAS or QDEL or BIO?
By revenue growth (latest reported year), Exact Sciences Corporation (EXAS) is pulling ahead at 17.
7% versus -3. 2% for Neogen Corporation (NEOG). On earnings-per-share growth, the picture is similar: Bio-Rad Laboratories, Inc. grew EPS 142. 6% year-over-year, compared to -114. 6% for Neogen Corporation. Over a 3-year CAGR, NEOG leads at 19. 3% 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 — DGX or NEOG or EXAS or QDEL or BIO?
Bio-Rad Laboratories, Inc.
(BIO) is the more profitable company, earning 29. 4% net margin versus -122. 1% for Neogen Corporation — meaning it keeps 29. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: DGX leads at 14. 5% versus -33. 7% for QDEL. At the gross margin level — before operating expenses — EXAS leads at 69. 7%, 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 DGX or NEOG or EXAS or QDEL or BIO more undervalued right now?
On forward earnings alone, QuidelOrtho Corporation (QDEL) trades at 6.
0x forward P/E versus 582. 8x for Exact Sciences Corporation — 576. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BIO: 22. 9% to $312. 50.
08Which pays a better dividend — DGX or NEOG or EXAS or QDEL or BIO?
In this comparison, DGX (1.
7% yield) pays a dividend. NEOG, EXAS, QDEL, BIO do not pay a meaningful dividend and should not be held primarily for income.
09Is DGX or NEOG or EXAS or QDEL or BIO better for a retirement portfolio?
For long-horizon retirement investors, Exact Sciences Corporation (EXAS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
05), +1669% 10Y return). QuidelOrtho Corporation (QDEL) carries a higher beta of 2. 28 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (EXAS: +1669%, QDEL: -34. 6%), 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 DGX and NEOG and EXAS and QDEL and BIO?
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: DGX is a mid-cap quality compounder stock; NEOG is a small-cap quality compounder stock; EXAS is a mid-cap high-growth stock; QDEL is a small-cap quality compounder stock; BIO is a small-cap deep-value stock. DGX pays a dividend while NEOG, EXAS, QDEL, BIO 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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