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4 / 10Stock Comparison
INCY vs LLY vs PFE vs BMY
Revenue, margins, valuation, and 5-year total return — side by side.
Drug Manufacturers - General
Drug Manufacturers - General
Drug Manufacturers - General
INCY vs LLY vs PFE vs BMY — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Biotechnology | Drug Manufacturers - General | Drug Manufacturers - General | Drug Manufacturers - General |
| Market Cap | $19.53B | $921.16B | $150.63B | $114.85B |
| Revenue (TTM) | $5.36B | $72.25B | $63.31B | $48.48B |
| Net Income (TTM) | $1.43B | $25.27B | $7.49B | $7.28B |
| Gross Margin | 91.9% | 83.5% | 69.3% | 68.7% |
| Operating Margin | 26.8% | 45.9% | 23.4% | 25.7% |
| Forward P/E | 13.1x | 28.2x | 8.9x | 8.9x |
| Total Debt | $69M | $42.50B | $67.42B | $47.14B |
| Cash & Equiv. | $3.10B | $7.16B | $1.14B | $10.21B |
INCY vs LLY vs PFE vs BMY — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Incyte Corporation (INCY) | 100 | 95.9 | -4.1% |
| Eli Lilly and Compa… (LLY) | 100 | 637.4 | +537.4% |
| Pfizer Inc. (PFE) | 100 | 73.1 | -26.9% |
| Bristol-Myers Squib… (BMY) | 100 | 94.2 | -5.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: INCY vs LLY vs PFE vs BMY
Each card shows where this stock fits in a portfolio — not just who wins on paper.
INCY is the clearest fit if your priority is momentum.
- +64.2% vs BMY's +23.4%
LLY carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 44.7%, EPS growth 96.0%, 3Y rev CAGR 31.7%
- 12.4% 10Y total return vs INCY's 34.2%
- 44.7% revenue growth vs PFE's -1.6%
- 35.0% margin vs PFE's 11.8%
PFE is the clearest fit if your priority is income & stability.
- Dividend streak 15 yrs, beta 0.54, yield 6.5%
- 6.5% yield, 15-year raise streak, vs LLY's 0.6%, (1 stock pays no dividend)
BMY is the #2 pick in this set and the best alternative if sleep-well-at-night and defensive is your priority.
- Lower volatility, beta 0.50, current ratio 1.26x
- Beta 0.50, yield 4.4%, current ratio 1.26x
- Lower P/E (8.9x vs 8.9x)
- Beta 0.50 vs INCY's 0.87
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 44.7% revenue growth vs PFE's -1.6% | |
| Value | Lower P/E (8.9x vs 8.9x) | |
| Quality / Margins | 35.0% margin vs PFE's 11.8% | |
| Stability / Safety | Beta 0.50 vs INCY's 0.87 | |
| Dividends | 6.5% yield, 15-year raise streak, vs LLY's 0.6%, (1 stock pays no dividend) | |
| Momentum (1Y) | +64.2% vs BMY's +23.4% | |
| Efficiency (ROA) | 22.7% ROA vs PFE's 3.6%, ROIC 41.8% vs 7.5% |
INCY vs LLY vs PFE vs BMY — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
INCY vs LLY vs PFE vs BMY — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
LLY leads in 2 of 6 categories
BMY leads 1 • INCY leads 1 • PFE leads 1 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
LLY leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
LLY is the larger business by revenue, generating $72.2B annually — 13.5x INCY's $5.4B. LLY is the more profitable business, keeping 35.0% of every revenue dollar as net income compared to PFE's 11.8%. On growth, LLY holds the edge at +55.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $5.4B | $72.2B | $63.3B | $48.5B |
| EBITDAEarnings before interest/tax | $1.5B | $34.7B | $21.0B | $15.7B |
| Net IncomeAfter-tax profit | $1.4B | $25.3B | $7.5B | $7.3B |
| Free Cash FlowCash after capex | $1.5B | $13.6B | $9.5B | $11.9B |
| Gross MarginGross profit ÷ Revenue | +91.9% | +83.5% | +69.3% | +68.7% |
| Operating MarginEBIT ÷ Revenue | +26.8% | +45.9% | +23.4% | +25.7% |
| Net MarginNet income ÷ Revenue | +26.7% | +35.0% | +11.8% | +15.0% |
| FCF MarginFCF ÷ Revenue | +27.1% | +18.8% | +15.0% | +24.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +20.9% | +55.5% | +5.4% | +2.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +83.8% | +169.9% | -9.5% | +9.2% |
Valuation Metrics
BMY leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 15.3x trailing earnings, INCY trades at a 64% valuation discount to LLY's 42.5x P/E. On an enterprise value basis, BMY's 9.2x EV/EBITDA is more attractive than LLY's 30.6x.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $19.5B | $921.2B | $150.6B | $114.8B |
| Enterprise ValueMkt cap + debt − cash | $16.5B | $956.5B | $216.9B | $151.8B |
| Trailing P/EPrice ÷ TTM EPS | 15.25x | 42.48x | 19.47x | 16.30x |
| Forward P/EPrice ÷ next-FY EPS est. | 13.06x | 28.24x | 8.94x | 8.93x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.47x | — | — |
| EV / EBITDAEnterprise value multiple | 11.49x | 30.60x | 10.66x | 9.17x |
| Price / SalesMarket cap ÷ Revenue | 3.80x | 14.13x | 2.41x | 2.38x |
| Price / BookPrice ÷ Book value/share | 3.80x | 32.99x | 1.74x | 6.20x |
| Price / FCFMarket cap ÷ FCF | 14.42x | 102.67x | 16.60x | 8.94x |
Profitability & Efficiency
INCY leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
LLY delivers a 101.2% return on equity — every $100 of shareholder capital generates $101 in annual profit, vs $8 for PFE. INCY carries lower financial leverage with a 0.01x debt-to-equity ratio, signaling a more conservative balance sheet compared to BMY's 2.55x. On the Piotroski fundamental quality scale (0–9), LLY scores 8/9 vs PFE's 7/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +29.3% | +101.2% | +8.3% | +39.0% |
| ROA (TTM)Return on assets | +21.7% | +22.7% | +3.6% | +7.9% |
| ROICReturn on invested capital | +51.1% | +41.8% | +7.5% | +16.9% |
| ROCEReturn on capital employed | +29.0% | +46.6% | +9.0% | +18.7% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 8 | 7 | 8 |
| Debt / EquityFinancial leverage | 0.01x | 1.60x | 0.78x | 2.55x |
| Net DebtTotal debt minus cash | -$3.0B | $35.3B | $66.3B | $36.9B |
| Cash & Equiv.Liquid assets | $3.1B | $7.2B | $1.1B | $10.2B |
| Total DebtShort + long-term debt | $69M | $42.5B | $67.4B | $47.1B |
| Interest CoverageEBIT ÷ Interest expense | 759.79x | 35.68x | 4.02x | 10.33x |
Total Returns (Dividends Reinvested)
LLY leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in LLY five years ago would be worth $51,115 today (with dividends reinvested), compared to $8,674 for PFE. Over the past 12 months, INCY leads with a +64.2% total return vs BMY's +23.4%. The 3-year compound annual growth rate (CAGR) favors LLY at 31.8% vs PFE's -6.6% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | -3.6% | -9.6% | +6.9% | +7.6% |
| 1-Year ReturnPast 12 months | +64.2% | +26.3% | +23.7% | +23.4% |
| 3-Year ReturnCumulative with dividends | +48.6% | +129.1% | -18.4% | -7.1% |
| 5-Year ReturnCumulative with dividends | +18.2% | +411.1% | -13.3% | +5.2% |
| 10-Year ReturnCumulative with dividends | +34.2% | +1237.7% | +29.6% | +6.7% |
| CAGR (3Y)Annualised 3-year return | +14.1% | +31.8% | -6.6% | -2.4% |
Risk & Volatility
Evenly matched — PFE and BMY each lead in 1 of 2 comparable metrics.
Risk & Volatility
BMY is the less volatile stock with a 0.50 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. PFE currently trades 92.1% from its 52-week high vs LLY's 86.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.87x | 0.71x | 0.54x | 0.50x |
| 52-Week HighHighest price in past year | $112.29 | $1133.95 | $28.75 | $62.89 |
| 52-Week LowLowest price in past year | $57.77 | $623.78 | $21.97 | $42.52 |
| % of 52W HighCurrent price vs 52-week peak | +87.1% | +86.0% | +92.1% | +89.4% |
| RSI (14)Momentum oscillator 0–100 | 59.4 | 61.4 | 44.2 | 41.4 |
| Avg Volume (50D)Average daily shares traded | 1.4M | 2.6M | 33.3M | 10.3M |
Analyst Outlook
PFE leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: INCY as "Buy", LLY as "Buy", PFE as "Hold", BMY as "Hold". Consensus price targets imply 29.1% upside for LLY (target: $1258) vs 3.0% for PFE (target: $27). For income investors, PFE offers the higher dividend yield at 6.49% vs LLY's 0.61%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Hold | Hold |
| Price TargetConsensus 12-month target | $109.50 | $1258.47 | $27.27 | $62.00 |
| # AnalystsCovering analysts | 44 | 45 | 39 | 41 |
| Dividend YieldAnnual dividend ÷ price | — | +0.6% | +6.5% | +4.4% |
| Dividend StreakConsecutive years of raises | — | 11 | 15 | 6 |
| Dividend / ShareAnnual DPS | — | $6.00 | $1.72 | $2.47 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | +0.4% | 0.0% | 0.0% |
LLY leads in 2 of 6 categories (Income & Cash Flow, Total Returns). BMY leads in 1 (Valuation Metrics). 1 tied.
INCY vs LLY vs PFE vs BMY: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is INCY or LLY or PFE or BMY a better buy right now?
For growth investors, Eli Lilly and Company (LLY) is the stronger pick with 44.
7% revenue growth year-over-year, versus -1. 6% for Pfizer Inc. (PFE). 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 Incyte Corporation (INCY) a "Buy" — based on 44 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 — INCY or LLY or PFE or BMY?
On trailing P/E, Incyte Corporation (INCY) is the cheapest at 15.
3x versus Eli Lilly and Company at 42. 5x. On forward P/E, Bristol-Myers Squibb Company is actually cheaper at 8. 9x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — INCY or LLY or PFE or BMY?
Over the past 5 years, Eli Lilly and Company (LLY) delivered a total return of +411.
1%, compared to -13. 3% for Pfizer Inc. (PFE). Over 10 years, the gap is even starker: LLY returned +1238% versus BMY's +6. 7%. 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 — INCY or LLY or PFE or BMY?
By beta (market sensitivity over 5 years), Bristol-Myers Squibb Company (BMY) is the lower-risk stock at 0.
50β versus Incyte Corporation's 0. 87β — meaning INCY is approximately 74% more volatile than BMY relative to the S&P 500. On balance sheet safety, Incyte Corporation (INCY) carries a lower debt/equity ratio of 1% versus 3% for Bristol-Myers Squibb Company — giving it more financial flexibility in a downturn.
05Which is growing faster — INCY or LLY or PFE or BMY?
By revenue growth (latest reported year), Eli Lilly and Company (LLY) is pulling ahead at 44.
7% versus -1. 6% for Pfizer Inc. (PFE). On earnings-per-share growth, the picture is similar: Incyte Corporation grew EPS 41. 7% year-over-year, compared to -3. 5% for Pfizer Inc.. Over a 3-year CAGR, LLY leads at 31. 7% 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 — INCY or LLY or PFE or BMY?
Eli Lilly and Company (LLY) is the more profitable company, earning 31.
7% net margin versus 12. 4% for Pfizer Inc. — meaning it keeps 31. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: LLY leads at 45. 6% versus 24. 7% for PFE. 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 INCY or LLY or PFE or BMY more undervalued right now?
On forward earnings alone, Bristol-Myers Squibb Company (BMY) trades at 8.
9x forward P/E versus 28. 2x for Eli Lilly and Company — 19. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for LLY: 29. 1% to $1258. 47.
08Which pays a better dividend — INCY or LLY or PFE or BMY?
In this comparison, PFE (6.
5% yield), BMY (4. 4% yield), LLY (0. 6% yield) pay a dividend. INCY does not pay a meaningful dividend and should not be held primarily for income.
09Is INCY or LLY or PFE or BMY better for a retirement portfolio?
For long-horizon retirement investors, Eli Lilly and Company (LLY) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
71), 0. 6% yield, +1238% 10Y return). Both have compounded well over 10 years (LLY: +1238%, 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 INCY and LLY and PFE and BMY?
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: INCY is a mid-cap high-growth stock; LLY is a large-cap high-growth stock; PFE is a mid-cap income-oriented stock; BMY is a mid-cap deep-value stock. LLY, PFE, BMY pay a dividend while INCY does 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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