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IMCR vs MRK vs BMY vs GILD vs CRL

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
IMCR
Immunocore Holdings plc

Biotechnology

HealthcareNASDAQ • GB
Market Cap$1.55B
5Y Perf.-36.7%
MRK
Merck & Co., Inc.

Drug Manufacturers - General

HealthcareNYSE • US
Market Cap$277.34B
5Y Perf.+62.2%
BMY
Bristol-Myers Squibb Company

Drug Manufacturers - General

HealthcareNYSE • US
Market Cap$114.85B
5Y Perf.-8.3%
GILD
Gilead Sciences, Inc.

Drug Manufacturers - General

HealthcareNASDAQ • US
Market Cap$166.40B
5Y Perf.+118.3%
CRL
Charles River Laboratories International, Inc.

Medical - Diagnostics & Research

HealthcareNYSE • US
Market Cap$8.98B
5Y Perf.-36.4%

IMCR vs MRK vs BMY vs GILD vs CRL — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
IMCR logoIMCR
MRK logoMRK
BMY logoBMY
GILD logoGILD
CRL logoCRL
IndustryBiotechnologyDrug Manufacturers - GeneralDrug Manufacturers - GeneralDrug Manufacturers - GeneralMedical - Diagnostics & Research
Market Cap$1.55B$277.34B$114.85B$166.40B$8.98B
Revenue (TTM)$386M$64.93B$48.48B$29.73B$4.03B
Net Income (TTM)$-19M$18.25B$7.28B$9.22B$-185M
Gross Margin98.8%74.2%68.7%63.0%24.9%
Operating Margin-7.6%41.1%25.7%38.2%11.8%
Forward P/E21.9x8.9x15.7x16.4x
Total Debt$44M$50.53B$47.14B$24.59B$3.07B
Cash & Equiv.$468M$14.56B$10.21B$7.56B$214M

IMCR vs MRK vs BMY vs GILD vs CRLLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

IMCR
MRK
BMY
GILD
CRL
StockFeb 21May 26Return
Immunocore Holdings… (IMCR)10063.3-36.7%
Merck & Co., Inc. (MRK)100162.2+62.2%
Bristol-Myers Squib… (BMY)10091.7-8.3%
Gilead Sciences, In… (GILD)100218.3+118.3%
Charles River Labor… (CRL)10063.6-36.4%

Price return only. Dividends and distributions are not included.

Quick Verdict: IMCR vs MRK vs BMY vs GILD vs CRL

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: MRK and BMY are tied at the top with 2 categories each (5-stock set) — the right choice depends on your priorities. Bristol-Myers Squibb Company is the stronger pick specifically for valuation and capital efficiency and dividend income and shareholder returns. GILD and IMCR also each lead in at least one category. As sector peers, any of these can serve as alternatives in the same allocation.
IMCR
Immunocore Holdings plc
The Growth Play

IMCR is the clearest fit if your priority is growth exposure.

  • Rev growth 20.0%, EPS growth 48.0%, 3Y rev CAGR 27.3%
  • 20.0% revenue growth vs CRL's -0.9%
Best for: growth exposure
MRK
Merck & Co., Inc.
The Income Pick

MRK has the current edge in this matchup, primarily because of its strength in income & stability and long-term compounding.

  • Dividend streak 14 yrs, beta 0.48, yield 2.9%
  • 166.5% 10Y total return vs GILD's 87.8%
  • Lower volatility, beta 0.48, Low D/E 96.0%, current ratio 1.54x
  • Beta 0.48, yield 2.9%, current ratio 1.54x
Best for: income & stability and long-term compounding
BMY
Bristol-Myers Squibb Company
The Value Play

BMY is the #2 pick in this set and the best alternative if value and dividends is your priority.

  • Lower P/E (8.9x vs 16.4x)
  • 4.4% yield, 6-year raise streak, vs MRK's 2.9%, (2 stocks pay no dividend)
Best for: value and dividends
GILD
Gilead Sciences, Inc.
The Value Pick

GILD ranks third and is worth considering specifically for valuation efficiency.

  • PEG 0.15 vs MRK's 1.03
  • 31.0% margin vs IMCR's -4.9%
  • 16.1% ROA vs CRL's -2.5%, ROIC 23.4% vs 6.3%
Best for: valuation efficiency
CRL
Charles River Laboratories International, Inc.
The Healthcare Pick

Among these 5 stocks, CRL doesn't own a clear edge in any measured category.

Best for: healthcare exposure
See the full category breakdown
CategoryWinnerWhy
GrowthIMCR logoIMCR20.0% revenue growth vs CRL's -0.9%
ValueBMY logoBMYLower P/E (8.9x vs 16.4x)
Quality / MarginsGILD logoGILD31.0% margin vs IMCR's -4.9%
Stability / SafetyMRK logoMRKBeta 0.48 vs CRL's 1.52
DividendsBMY logoBMY4.4% yield, 6-year raise streak, vs MRK's 2.9%, (2 stocks pay no dividend)
Momentum (1Y)MRK logoMRK+46.1% vs IMCR's +2.3%
Efficiency (ROA)GILD logoGILD16.1% ROA vs CRL's -2.5%, ROIC 23.4% vs 6.3%

IMCR vs MRK vs BMY vs GILD vs CRL — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

IMCRImmunocore Holdings plc
FY 2025
Sale of Therapies
100.0%$400M
MRKMerck & Co., Inc.
FY 2025
Pharmaceutical segment
89.4%$58.1B
Animal Health segment
9.8%$6.4B
Other Segments
0.8%$515M
BMYBristol-Myers Squibb Company
FY 2025
Eliquis
30.0%$14.4B
Opdivo
20.9%$10.0B
Orencia
7.7%$3.7B
Revlimid
6.1%$3.0B
Yervoy
6.0%$2.9B
Pomalyst/Imnovid
5.7%$2.7B
Reblozyl
4.8%$2.3B
Other (13)
18.9%$9.1B
GILDGilead Sciences, Inc.
FY 2025
Products, Other HIV
79.7%$20.8B
Cell Therapy Products, Total Cell Therapy Product Sales
8.4%$2.2B
Trodelvy
5.4%$1.4B
Veklury
3.5%$911M
Other Products, Total Other product sales
3.1%$799M
CRLCharles River Laboratories International, Inc.
FY 2025
Discovery and Safety Assessment
59.8%$2.4B
Research Models and Services
21.1%$846M
Manufacturing Support
19.1%$766M

IMCR vs MRK vs BMY vs GILD vs CRL — Financial Metrics

Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLGILDLAGGINGCRL

Income & Cash Flow (Last 12 Months)

IMCR leads this category, winning 3 of 6 comparable metrics.

MRK is the larger business by revenue, generating $64.9B annually — 168.3x IMCR's $386M. GILD is the more profitable business, keeping 31.0% of every revenue dollar as net income compared to IMCR's -4.9%. On growth, IMCR holds the edge at +13.6% YoY revenue growth, suggesting stronger near-term business momentum.

MetricIMCR logoIMCRImmunocore Holdin…MRK logoMRKMerck & Co., Inc.BMY logoBMYBristol-Myers Squ…GILD logoGILDGilead Sciences, …CRL logoCRLCharles River Lab…
RevenueTrailing 12 months$386M$64.9B$48.5B$29.7B$4.0B
EBITDAEarnings before interest/tax-$27M$32.4B$15.7B$12.1B$757M
Net IncomeAfter-tax profit-$19M$18.3B$7.3B$9.2B-$185M
Free Cash FlowCash after capex-$31M$12.4B$11.9B$10.3B$391M
Gross MarginGross profit ÷ Revenue+98.8%+74.2%+68.7%+63.0%+24.9%
Operating MarginEBIT ÷ Revenue-7.6%+41.1%+25.7%+38.2%+11.8%
Net MarginNet income ÷ Revenue-4.9%+28.1%+15.0%+31.0%-4.6%
FCF MarginFCF ÷ Revenue-8.0%+19.0%+24.6%+34.8%+9.7%
Rev. Growth (YoY)Latest quarter vs prior year+13.6%+4.5%+2.6%+4.4%+1.2%
EPS Growth (YoY)Latest quarter vs prior year+157.5%-19.6%+9.2%+54.8%-160.0%
IMCR leads this category, winning 3 of 6 comparable metrics.

Valuation Metrics

Evenly matched — BMY and CRL each lead in 3 of 7 comparable metrics.

At 15.4x trailing earnings, MRK trades at a 22% valuation discount to GILD's 19.8x P/E. Adjusting for growth (PEG ratio), GILD offers better value at 0.15x vs MRK's 0.73x — a lower PEG means you pay less per unit of expected earnings growth.

MetricIMCR logoIMCRImmunocore Holdin…MRK logoMRKMerck & Co., Inc.BMY logoBMYBristol-Myers Squ…GILD logoGILDGilead Sciences, …CRL logoCRLCharles River Lab…
Market CapShares × price$1.6B$277.3B$114.8B$166.4B$9.0B
Enterprise ValueMkt cap + debt − cash$1.1B$313.3B$151.8B$183.4B$11.8B
Trailing P/EPrice ÷ TTM EPS-57.77x15.42x16.30x19.77x-62.52x
Forward P/EPrice ÷ next-FY EPS est.21.93x8.93x15.69x16.42x
PEG RatioP/E ÷ EPS growth rate0.73x0.15x
EV / EBITDAEnterprise value multiple10.68x9.17x16.95x12.98x
Price / SalesMarket cap ÷ Revenue5.22x4.27x2.38x5.65x2.24x
Price / BookPrice ÷ Book value/share4.05x5.35x6.20x7.44x2.81x
Price / FCFMarket cap ÷ FCF22.44x8.94x17.60x17.31x
Evenly matched — BMY and CRL each lead in 3 of 7 comparable metrics.

Profitability & Efficiency

GILD leads this category, winning 5 of 9 comparable metrics.

GILD delivers a 42.3% return on equity — every $100 of shareholder capital generates $42 in annual profit, vs $-6 for CRL. IMCR carries lower financial leverage with a 0.11x debt-to-equity ratio, signaling a more conservative balance sheet compared to BMY's 2.55x. On the Piotroski fundamental quality scale (0–9), GILD scores 9/9 vs CRL's 4/9, reflecting strong financial health.

MetricIMCR logoIMCRImmunocore Holdin…MRK logoMRKMerck & Co., Inc.BMY logoBMYBristol-Myers Squ…GILD logoGILDGilead Sciences, …CRL logoCRLCharles River Lab…
ROE (TTM)Return on equity-4.8%+36.1%+39.0%+42.3%-5.7%
ROA (TTM)Return on assets-1.7%+14.6%+7.9%+16.1%-2.5%
ROICReturn on invested capital-17.2%+22.0%+16.9%+23.4%+6.3%
ROCEReturn on capital employed-4.2%+23.8%+18.7%+25.1%+8.1%
Piotroski ScoreFundamental quality 0–954894
Debt / EquityFinancial leverage0.11x0.96x2.55x1.09x0.95x
Net DebtTotal debt minus cash-$424M$36.0B$36.9B$17.0B$2.9B
Cash & Equiv.Liquid assets$468M$14.6B$10.2B$7.6B$214M
Total DebtShort + long-term debt$44M$50.5B$47.1B$24.6B$3.1B
Interest CoverageEBIT ÷ Interest expense-2.04x19.68x10.33x8.87x6.38x
GILD leads this category, winning 5 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

GILD leads this category, winning 4 of 6 comparable metrics.

A $10,000 investment in GILD five years ago would be worth $22,418 today (with dividends reinvested), compared to $5,311 for CRL. Over the past 12 months, MRK leads with a +46.1% total return vs IMCR's +2.3%. The 3-year compound annual growth rate (CAGR) favors GILD at 22.2% vs IMCR's -20.0% — a key indicator of consistent wealth creation.

MetricIMCR logoIMCRImmunocore Holdin…MRK logoMRKMerck & Co., Inc.BMY logoBMYBristol-Myers Squ…GILD logoGILDGilead Sciences, …CRL logoCRLCharles River Lab…
YTD ReturnYear-to-date-9.4%+6.3%+7.6%+10.9%-10.1%
1-Year ReturnPast 12 months+2.3%+46.1%+23.4%+38.8%+32.8%
3-Year ReturnCumulative with dividends-48.9%+2.9%-7.1%+82.4%-4.2%
5-Year ReturnCumulative with dividends-24.0%+70.2%+5.2%+124.2%-46.9%
10-Year ReturnCumulative with dividends-29.1%+166.5%+6.7%+87.8%+119.2%
CAGR (3Y)Annualised 3-year return-20.0%+0.9%-2.4%+22.2%-1.4%
GILD leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

MRK leads this category, winning 2 of 2 comparable metrics.

MRK is the less volatile stock with a 0.48 beta — it tends to amplify market swings less than CRL's 1.52 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MRK currently trades 89.7% from its 52-week high vs IMCR's 75.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricIMCR logoIMCRImmunocore Holdin…MRK logoMRKMerck & Co., Inc.BMY logoBMYBristol-Myers Squ…GILD logoGILDGilead Sciences, …CRL logoCRLCharles River Lab…
Beta (5Y)Sensitivity to S&P 5000.86x0.48x0.50x0.66x1.52x
52-Week HighHighest price in past year$40.72$125.14$62.89$157.29$228.88
52-Week LowLowest price in past year$27.44$73.31$42.52$95.30$131.30
% of 52W HighCurrent price vs 52-week peak+75.2%+89.7%+89.4%+85.2%+79.5%
RSI (14)Momentum oscillator 0–10055.846.741.452.657.2
Avg Volume (50D)Average daily shares traded409K7.3M10.3M5.8M806K
MRK leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Evenly matched — MRK and BMY each lead in 1 of 2 comparable metrics.

Analyst consensus: IMCR as "Buy", MRK as "Buy", BMY as "Hold", GILD as "Buy", CRL as "Buy". Consensus price targets imply 40.4% upside for IMCR (target: $43) vs 10.2% for BMY (target: $62). For income investors, BMY offers the higher dividend yield at 4.39% vs GILD's 2.38%.

MetricIMCR logoIMCRImmunocore Holdin…MRK logoMRKMerck & Co., Inc.BMY logoBMYBristol-Myers Squ…GILD logoGILDGilead Sciences, …CRL logoCRLCharles River Lab…
Analyst RatingConsensus buy/hold/sellBuyBuyHoldBuyBuy
Price TargetConsensus 12-month target$43.00$129.31$62.00$161.88$205.43
# AnalystsCovering analysts1437415836
Dividend YieldAnnual dividend ÷ price+2.9%+4.4%+2.4%
Dividend StreakConsecutive years of raises146111
Dividend / ShareAnnual DPS$3.26$2.47$3.19
Buyback YieldShare repurchases ÷ mkt cap0.0%+1.8%0.0%+1.2%+4.0%
Evenly matched — MRK and BMY each lead in 1 of 2 comparable metrics.
Key Takeaway

GILD leads in 2 of 6 categories (Profitability & Efficiency, Total Returns). IMCR leads in 1 (Income & Cash Flow). 2 tied.

Best OverallGilead Sciences, Inc. (GILD)Leads 2 of 6 categories
Loading custom metrics...

IMCR vs MRK vs BMY vs GILD vs CRL: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is IMCR or MRK or BMY or GILD or CRL a better buy right now?

For growth investors, Immunocore Holdings plc (IMCR) is the stronger pick with 20.

0% revenue growth year-over-year, versus -0. 9% for Charles River Laboratories International, Inc. (CRL). Merck & Co. , Inc. (MRK) offers the better valuation at 15. 4x trailing P/E (21. 9x forward), making it the more compelling value choice. Analysts rate Immunocore Holdings plc (IMCR) a "Buy" — based on 14 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.

02

Which has the better valuation — IMCR or MRK or BMY or GILD or CRL?

On trailing P/E, Merck & Co.

, Inc. (MRK) is the cheapest at 15. 4x versus Gilead Sciences, Inc. at 19. 8x. On forward P/E, Bristol-Myers Squibb Company is actually cheaper at 8. 9x — notably different from the trailing picture, reflecting expected earnings growth.

03

Which is the better long-term investment — IMCR or MRK or BMY or GILD or CRL?

Over the past 5 years, Gilead Sciences, Inc.

(GILD) delivered a total return of +124. 2%, compared to -46. 9% for Charles River Laboratories International, Inc. (CRL). Over 10 years, the gap is even starker: MRK returned +166. 5% versus IMCR's -29. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — IMCR or MRK or BMY or GILD or CRL?

By beta (market sensitivity over 5 years), Merck & Co.

, Inc. (MRK) is the lower-risk stock at 0. 48β versus Charles River Laboratories International, Inc. 's 1. 52β — meaning CRL is approximately 219% more volatile than MRK relative to the S&P 500. On balance sheet safety, Immunocore Holdings plc (IMCR) carries a lower debt/equity ratio of 11% versus 3% for Bristol-Myers Squibb Company — giving it more financial flexibility in a downturn.

05

Which is growing faster — IMCR or MRK or BMY or GILD or CRL?

By revenue growth (latest reported year), Immunocore Holdings plc (IMCR) is pulling ahead at 20.

0% versus -0. 9% for Charles River Laboratories International, Inc. (CRL). On earnings-per-share growth, the picture is similar: Gilead Sciences, Inc. grew EPS 1684% year-over-year, compared to -1555. 0% for Charles River Laboratories International, Inc.. Over a 3-year CAGR, IMCR leads at 27. 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.

06

Which has better profit margins — IMCR or MRK or BMY or GILD or CRL?

Gilead Sciences, Inc.

(GILD) is the more profitable company, earning 28. 9% net margin versus -8. 9% for Immunocore Holdings plc — meaning it keeps 28. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GILD leads at 40. 1% versus -11. 3% for IMCR. At the gross margin level — before operating expenses — IMCR leads at 97. 9%, 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.

07

Is IMCR or MRK or BMY or GILD or CRL more undervalued right now?

On forward earnings alone, Bristol-Myers Squibb Company (BMY) trades at 8.

9x forward P/E versus 21. 9x for Merck & Co. , Inc. — 13. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for IMCR: 40. 4% to $43. 00.

08

Which pays a better dividend — IMCR or MRK or BMY or GILD or CRL?

In this comparison, BMY (4.

4% yield), MRK (2. 9% yield), GILD (2. 4% yield) pay a dividend. IMCR, CRL do not pay a meaningful dividend and should not be held primarily for income.

09

Is IMCR or MRK or BMY or GILD or CRL better for a retirement portfolio?

For long-horizon retirement investors, Merck & Co.

, Inc. (MRK) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 48), 2. 9% yield, +166. 5% 10Y return). Charles River Laboratories International, Inc. (CRL) carries a higher beta of 1. 52 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (MRK: +166. 5%, CRL: +119. 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.

10

What are the main differences between IMCR and MRK and BMY and GILD and CRL?

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: IMCR is a small-cap high-growth stock; MRK is a large-cap deep-value stock; BMY is a mid-cap deep-value stock; GILD is a mid-cap quality compounder stock; CRL is a small-cap quality compounder stock. MRK, BMY, GILD pay a dividend while IMCR, CRL 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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