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ELAN vs NEOG vs NVAX vs IDXX
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Diagnostics & Research
Biotechnology
Medical - Diagnostics & Research
ELAN vs NEOG vs NVAX vs IDXX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Drug Manufacturers - Specialty & Generic | Medical - Diagnostics & Research | Biotechnology | Medical - Diagnostics & Research |
| Market Cap | $11.99B | $2.01B | $1.50B | $45.45B |
| Revenue (TTM) | $4.89B | $880M | $596M | $4.45B |
| Net Income (TTM) | $-242M | $-603M | $-88M | $1.10B |
| Gross Margin | 49.4% | 38.0% | 84.6% | 62.1% |
| Operating Margin | 9.0% | -2.0% | -11.2% | 31.6% |
| Forward P/E | 23.3x | 25.9x | 3.6x | 39.5x |
| Total Debt | $4.02B | $913M | $249M | $1.08B |
| Cash & Equiv. | $545M | $129M | $241M | $180M |
ELAN vs NEOG vs NVAX vs IDXX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Elanco Animal Healt… (ELAN) | 100 | 112.1 | +12.1% |
| Neogen Corporation (NEOG) | 100 | 26.0 | -74.0% |
| Novavax, Inc. (NVAX) | 100 | 20.0 | -80.0% |
| IDEXX Laboratories,… (IDXX) | 100 | 185.2 | +85.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ELAN vs NEOG vs NVAX vs IDXX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
ELAN is the clearest fit if your priority is defensive.
- Beta 1.42, current ratio 2.17x
- +99.9% vs IDXX's +17.6%
NEOG is the clearest fit if your priority is sleep-well-at-night.
- Lower volatility, beta 1.83, Low D/E 44.1%, current ratio 3.32x
NVAX is the #2 pick in this set and the best alternative if growth exposure is your priority.
- Rev growth 64.7%, EPS growth 306.5%, 3Y rev CAGR -11.1%
- 64.7% revenue growth vs NEOG's -3.2%
- Lower P/E (3.6x vs 39.5x)
IDXX carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- beta 1.35
- 5.6% 10Y total return vs ELAN's -33.3%
- 24.6% margin vs NEOG's -68.5%
- Beta 1.35 vs NVAX's 2.11
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 64.7% revenue growth vs NEOG's -3.2% | |
| Value | Lower P/E (3.6x vs 39.5x) | |
| Quality / Margins | 24.6% margin vs NEOG's -68.5% | |
| Stability / Safety | Beta 1.35 vs NVAX's 2.11 | |
| Dividends | Tie | None of these 4 stocks pay a meaningful dividend |
| Momentum (1Y) | +99.9% vs IDXX's +17.6% | |
| Efficiency (ROA) | 32.6% ROA vs NEOG's -17.9%, ROIC 42.5% vs 0.2% |
ELAN vs NEOG vs NVAX vs IDXX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
ELAN vs NEOG vs NVAX vs IDXX — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
IDXX leads in 2 of 6 categories
ELAN leads 2 • NEOG leads 0 • NVAX leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
IDXX leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
ELAN is the larger business by revenue, generating $4.9B annually — 8.2x NVAX's $596M. IDXX is the more profitable business, keeping 24.6% of every revenue dollar as net income compared to NEOG's -68.5%. On growth, ELAN holds the edge at +14.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $4.9B | $880M | $596M | $4.4B |
| EBITDAEarnings before interest/tax | $957M | $100M | -$47M | $1.5B |
| Net IncomeAfter-tax profit | -$242M | -$603M | -$88M | $1.1B |
| Free Cash FlowCash after capex | $315M | $17M | -$96M | $845M |
| Gross MarginGross profit ÷ Revenue | +49.4% | +38.0% | +84.6% | +62.1% |
| Operating MarginEBIT ÷ Revenue | +9.0% | -2.0% | -11.2% | +31.6% |
| Net MarginNet income ÷ Revenue | -4.9% | -68.5% | -14.7% | +24.6% |
| FCF MarginFCF ÷ Revenue | +6.4% | +2.0% | -16.1% | +19.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +14.9% | -2.8% | -79.1% | +14.3% |
| EPS Growth (YoY)Latest quarter vs prior year | -15.4% | +96.5% | -102.0% | +16.6% |
Valuation Metrics
ELAN leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
At 3.6x trailing earnings, NVAX trades at a 92% valuation discount to IDXX's 43.7x P/E. On an enterprise value basis, NVAX's 2.6x EV/EBITDA is more attractive than IDXX's 31.6x.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $12.0B | $2.0B | $1.5B | $45.4B |
| Enterprise ValueMkt cap + debt − cash | $15.5B | $2.8B | $1.5B | $46.3B |
| Trailing P/EPrice ÷ TTM EPS | -51.07x | -1.84x | 3.63x | 43.75x |
| Forward P/EPrice ÷ next-FY EPS est. | 23.29x | 25.87x | — | 39.45x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | 3.06x |
| EV / EBITDAEnterprise value multiple | 16.59x | 20.70x | 2.56x | 31.60x |
| Price / SalesMarket cap ÷ Revenue | 2.54x | 2.25x | 1.34x | 10.56x |
| Price / BookPrice ÷ Book value/share | 1.82x | 0.97x | — | 28.75x |
| Price / FCFMarket cap ÷ FCF | 42.21x | — | — | 43.14x |
Profitability & Efficiency
IDXX leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
IDXX delivers a 70.9% return on equity — every $100 of shareholder capital generates $71 in annual profit, vs $-29 for NEOG. NEOG carries lower financial leverage with a 0.44x debt-to-equity ratio, signaling a more conservative balance sheet compared to IDXX's 0.67x. On the Piotroski fundamental quality scale (0–9), IDXX scores 7/9 vs NEOG's 3/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | -3.6% | -28.6% | — | +70.9% |
| ROA (TTM)Return on assets | -1.8% | -17.9% | -7.4% | +32.6% |
| ROICReturn on invested capital | +1.9% | +0.2% | — | +42.5% |
| ROCEReturn on capital employed | +2.2% | +0.2% | +100.4% | +61.4% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 3 | 5 | 7 |
| Debt / EquityFinancial leverage | 0.61x | 0.44x | — | 0.67x |
| Net DebtTotal debt minus cash | $3.5B | $784M | $8M | $897M |
| Cash & Equiv.Liquid assets | $545M | $129M | $241M | $180M |
| Total DebtShort + long-term debt | $4.0B | $913M | $249M | $1.1B |
| Interest CoverageEBIT ÷ Interest expense | -0.26x | -8.33x | -5.10x | 35.55x |
Total Returns (Dividends Reinvested)
ELAN leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in IDXX five years ago would be worth $10,513 today (with dividends reinvested), compared to $524 for NVAX. Over the past 12 months, ELAN leads with a +99.9% total return vs IDXX's +17.6%. The 3-year compound annual growth rate (CAGR) favors ELAN at 36.9% vs NEOG's -18.6% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +6.6% | +32.1% | +29.5% | -14.6% |
| 1-Year ReturnPast 12 months | +99.9% | +56.0% | +55.1% | +17.6% |
| 3-Year ReturnCumulative with dividends | +156.5% | -46.1% | +23.9% | +17.9% |
| 5-Year ReturnCumulative with dividends | -27.0% | -80.6% | -94.8% | +5.1% |
| 10-Year ReturnCumulative with dividends | -33.3% | -49.8% | -90.4% | +556.2% |
| CAGR (3Y)Annualised 3-year return | +36.9% | -18.6% | +7.4% | +5.6% |
Risk & Volatility
Evenly matched — ELAN and IDXX each lead in 1 of 2 comparable metrics.
Risk & Volatility
IDXX is the less volatile stock with a 1.35 beta — it tends to amplify market swings less than NVAX's 2.11 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ELAN currently trades 86.6% from its 52-week high vs IDXX's 74.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.42x | 1.83x | 2.11x | 1.35x |
| 52-Week HighHighest price in past year | $27.72 | $11.43 | $11.97 | $769.98 |
| 52-Week LowLowest price in past year | $10.75 | $4.53 | $5.80 | $471.74 |
| % of 52W HighCurrent price vs 52-week peak | +86.6% | +80.9% | +77.1% | +74.3% |
| RSI (14)Momentum oscillator 0–100 | 68.9 | 46.2 | 64.4 | 52.1 |
| Avg Volume (50D)Average daily shares traded | 4.6M | 2.5M | 4.4M | 533K |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Analyst consensus: ELAN as "Buy", NEOG as "Hold", NVAX as "Buy", IDXX as "Buy". Consensus price targets imply 95.0% upside for NVAX (target: $18) vs 16.1% for ELAN (target: $28).
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold | Buy | Buy |
| Price TargetConsensus 12-month target | $27.88 | $11.00 | $18.00 | $773.13 |
| # AnalystsCovering analysts | 20 | 11 | 23 | 22 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | — |
| Dividend StreakConsecutive years of raises | — | — | 1 | — |
| Dividend / ShareAnnual DPS | — | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | +0.3% | +2.7% |
IDXX leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). ELAN leads in 2 (Valuation Metrics, Total Returns). 1 tied.
ELAN vs NEOG vs NVAX vs IDXX: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is ELAN or NEOG or NVAX or IDXX a better buy right now?
For growth investors, Novavax, Inc.
(NVAX) is the stronger pick with 64. 7% revenue growth year-over-year, versus -3. 2% for Neogen Corporation (NEOG). Novavax, Inc. (NVAX) offers the better valuation at 3. 6x trailing P/E, making it the more compelling value choice. Analysts rate Elanco Animal Health Incorporated (ELAN) a "Buy" — based on 20 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 — ELAN or NEOG or NVAX or IDXX?
On trailing P/E, Novavax, Inc.
(NVAX) is the cheapest at 3. 6x versus IDEXX Laboratories, Inc. at 43. 7x. On forward P/E, Elanco Animal Health Incorporated is actually cheaper at 23. 3x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — ELAN or NEOG or NVAX or IDXX?
Over the past 5 years, IDEXX Laboratories, Inc.
(IDXX) delivered a total return of +5. 1%, compared to -94. 8% for Novavax, Inc. (NVAX). Over 10 years, the gap is even starker: IDXX returned +556. 2% versus NVAX's -90. 4%. 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 — ELAN or NEOG or NVAX or IDXX?
By beta (market sensitivity over 5 years), IDEXX Laboratories, Inc.
(IDXX) is the lower-risk stock at 1. 35β versus Novavax, Inc. 's 2. 11β — meaning NVAX is approximately 56% more volatile than IDXX relative to the S&P 500. On balance sheet safety, Neogen Corporation (NEOG) carries a lower debt/equity ratio of 44% versus 67% for IDEXX Laboratories, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — ELAN or NEOG or NVAX or IDXX?
By revenue growth (latest reported year), Novavax, Inc.
(NVAX) is pulling ahead at 64. 7% versus -3. 2% for Neogen Corporation (NEOG). On earnings-per-share growth, the picture is similar: Novavax, Inc. grew EPS 306. 5% 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 — ELAN or NEOG or NVAX or IDXX?
Novavax, Inc.
(NVAX) is the more profitable company, earning 39. 2% net margin versus -122. 1% for Neogen Corporation — meaning it keeps 39. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NVAX leads at 50. 1% versus 1. 1% for NEOG. At the gross margin level — before operating expenses — NVAX leads at 93. 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 ELAN or NEOG or NVAX or IDXX more undervalued right now?
On forward earnings alone, Elanco Animal Health Incorporated (ELAN) trades at 23.
3x forward P/E versus 39. 5x for IDEXX Laboratories, Inc. — 16. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for NVAX: 95. 0% to $18. 00.
08Which pays a better dividend — ELAN or NEOG or NVAX or IDXX?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is ELAN or NEOG or NVAX or IDXX better for a retirement portfolio?
For long-horizon retirement investors, IDEXX Laboratories, Inc.
(IDXX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+556. 2% 10Y return). Novavax, Inc. (NVAX) carries a higher beta of 2. 11 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (IDXX: +556. 2%, NVAX: -90. 4%), 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 ELAN and NEOG and NVAX and IDXX?
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: ELAN is a mid-cap quality compounder stock; NEOG is a small-cap quality compounder stock; NVAX is a small-cap high-growth stock; IDXX is a mid-cap quality compounder 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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