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LLY
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KO
NVO logo
NVO
PFE logo
PFE
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Stock Comparison

LLY vs MRK vs KO vs NVO vs PFE

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

Live fundamentals10-year financials5-year price chart
LLY
Eli Lilly and Company

Drug Manufacturers - General

HealthcareNYSE • US
Market Cap$1.07T
5Y Perf.+590.1%
MRK
Merck & Co., Inc.

Drug Manufacturers - General

HealthcareNYSE • US
Market Cap$294.04B
5Y Perf.+61.4%
KO
The Coca-Cola Company

Beverages - Non-Alcoholic

Consumer DefensiveNYSE • US
Market Cap$355.61B
5Y Perf.+84.9%
NVO
Novo Nordisk A/S

Drug Manufacturers - General

HealthcareNYSE • DK
Market Cap$194.99B
5Y Perf.+34.0%
PFE
Pfizer Inc.

Drug Manufacturers - General

HealthcareNYSE • US
Market Cap$149.09B
5Y Perf.-15.5%

LLY vs MRK vs KO vs NVO vs PFE — Key Financials

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

Company Snapshot
LLY logoLLY
MRK logoMRK
KO logoKO
NVO logoNVO
PFE logoPFE
IndustryDrug Manufacturers - GeneralDrug Manufacturers - GeneralBeverages - Non-AlcoholicDrug Manufacturers - GeneralDrug Manufacturers - General
Market Cap$1.07T$294.04B$355.61B$194.99B$149.09B
Revenue (TTM)$72.25B$64.93B$49.28B$327.80B$63.31B
Net Income (TTM)$25.27B$18.25B$13.70B$121.96B$7.49B
Gross Margin83.5%74.2%61.7%81.8%69.3%
Operating Margin45.9%41.1%29.3%45.3%23.4%
Forward P/E30.9x23.2x25.3x2.0x8.9x
Total Debt$42.50B$50.53B$45.49B$130.96B$67.42B
Cash & Equiv.$7.16B$14.56B$10.27B$26.46B$1.14B

LLY vs MRK vs KO vs NVO vs PFELong-Term Stock Performance

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

LLY
MRK
KO
NVO
PFE
StockJun 20Jun 26Return
Eli Lilly and Compa… (LLY)100690.1+590.1%
Merck & Co., Inc. (MRK)100161.4+61.4%
The Coca-Cola Compa… (KO)100184.9+84.9%
Novo Nordisk A/S (NVO)100134.0+34.0%
Pfizer Inc. (PFE)10084.5-15.5%

Price return only. Dividends and distributions are not included.

Quick Verdict: LLY vs MRK vs KO vs NVO vs PFE

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

Bottom line: NVO leads in 3 of 7 categories (5-stock set), making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Merck & Co., Inc. is the stronger pick specifically for capital preservation and lower volatility and recent price momentum and sentiment. LLY and PFE also each lead in at least one category. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
🥇NVO emerged as the overall leader. Track its performance:
LLY
Eli Lilly and Company
The Growth Play

LLY ranks third and is worth considering specifically for growth exposure and long-term compounding.

  • Rev growth 44.7%, EPS growth 96.0%, 3Y rev CAGR 31.7%
  • 14.8% 10Y total return vs MRK's 169.6%
  • 44.7% revenue growth vs PFE's -1.6%
Best for: growth exposure and long-term compounding
MRK
Merck & Co., Inc.
The Defensive Pick

MRK is the #2 pick in this set and the best alternative if sleep-well-at-night and defensive is your priority.

  • Lower volatility, beta 0.32, Low D/E 96.0%, current ratio 1.54x
  • Beta 0.32, yield 2.7%, current ratio 1.54x
  • Beta 0.32 vs NVO's 1.47
  • +49.6% vs NVO's -43.6%
Best for: sleep-well-at-night and defensive
KO
The Coca-Cola Company
The Income Angle

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

Best for: consumer defensive exposure
NVO
Novo Nordisk A/S
The Value Pick

NVO carries the broadest edge in this set and is the clearest fit for valuation efficiency.

  • PEG 0.10 vs KO's 2.26
  • Lower P/E (2.0x vs 25.3x), PEG 0.10 vs 2.26
  • 37.2% margin vs PFE's 11.8%
  • 23.3% ROA vs PFE's 3.6%, ROIC 36.2% vs 7.5%
Best for: valuation efficiency
PFE
Pfizer Inc.
The Income Pick

PFE is the clearest fit if your priority is income & stability.

  • Dividend streak 15 yrs, beta 0.38, yield 6.6%
  • 6.6% yield, 15-year raise streak, vs KO's 2.5%
Best for: income & stability
See the full category breakdown
CategoryWinnerWhy
GrowthLLY logoLLY44.7% revenue growth vs PFE's -1.6%
ValueNVO logoNVOLower P/E (2.0x vs 25.3x), PEG 0.10 vs 2.26
Quality / MarginsNVO logoNVO37.2% margin vs PFE's 11.8%
Stability / SafetyMRK logoMRKBeta 0.32 vs NVO's 1.47
DividendsPFE logoPFE6.6% yield, 15-year raise streak, vs KO's 2.5%
Momentum (1Y)MRK logoMRK+49.6% vs NVO's -43.6%
Efficiency (ROA)NVO logoNVO23.3% ROA vs PFE's 3.6%, ROIC 36.2% vs 7.5%

LLY vs MRK vs KO vs NVO vs PFE — Revenue Breakdown by Segment

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

Discover the Biotech & Healthcare Stocks Theme

These companies are key players in the Biotech & Healthcare Stocks ecosystem. See how they stack up against the rest of the sector.

Explore Theme
LLYEli Lilly and Company
FY 2025
Product
93.5%$61.0B
Collaboration and Other Revenue
6.5%$4.2B
MRKMerck & Co., Inc.
FY 2025
Pharmaceutical segment
89.4%$58.1B
Animal Health segment
9.8%$6.4B
Other Segments
0.8%$515M
KOThe Coca-Cola Company
FY 2025
Pacific
84.6%$31.6B
Bottling investments
15.4%$5.7B
NVONovo Nordisk A/S

Segment breakdown not available.

PFEPfizer Inc.
FY 2025
Biopharma Segment
97.8%$61.2B
Segment Reporting, Reconciling Item, Corporate Nonsegment
2.2%$1.4B

LLY vs MRK vs KO vs NVO vs PFE — Financial Metrics

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

BEST OVERALLLLYLAGGINGPFE

Income & Cash Flow (Last 12 Months)

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

NVO is the larger business by revenue, generating $327.8B annually — 6.7x KO's $49.3B. NVO is the more profitable business, keeping 37.2% 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.

MetricLLY logoLLYEli Lilly and Com…MRK logoMRKMerck & Co., Inc.KO logoKOThe Coca-Cola Com…NVO logoNVONovo Nordisk A/SPFE logoPFEPfizer Inc.
RevenueTrailing 12 months$72.2B$64.9B$49.3B$327.8B$63.3B
EBITDAEarnings before interest/tax$34.7B$32.4B$15.5B$170.2B$21.0B
Net IncomeAfter-tax profit$25.3B$18.3B$13.7B$122.0B$7.5B
Free Cash FlowCash after capex$13.6B$12.4B$12.6B$31.0B$9.5B
Gross MarginGross profit ÷ Revenue+83.5%+74.2%+61.7%+81.8%+69.3%
Operating MarginEBIT ÷ Revenue+45.9%+41.1%+29.3%+45.3%+23.4%
Net MarginNet income ÷ Revenue+35.0%+28.1%+27.8%+37.2%+11.8%
FCF MarginFCF ÷ Revenue+18.8%+19.0%+25.5%+9.5%+15.0%
Rev. Growth (YoY)Latest quarter vs prior year+55.5%+4.5%+12.1%+24.0%+5.4%
EPS Growth (YoY)Latest quarter vs prior year+169.9%-19.6%+18.2%+67.1%-9.5%
LLY leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

NVO leads this category, winning 4 of 7 comparable metrics.

At 12.3x trailing earnings, NVO trades at a 75% valuation discount to LLY's 49.4x P/E. Adjusting for growth (PEG ratio), NVO offers better value at 0.60x vs KO's 2.43x — a lower PEG means you pay less per unit of expected earnings growth.

MetricLLY logoLLYEli Lilly and Com…MRK logoMRKMerck & Co., Inc.KO logoKOThe Coca-Cola Com…NVO logoNVONovo Nordisk A/SPFE logoPFEPfizer Inc.
Market CapShares × price$1.07T$294.0B$355.6B$195.0B$149.1B
Enterprise ValueMkt cap + debt − cash$1.11T$330.0B$390.8B$211.2B$215.4B
Trailing P/EPrice ÷ TTM EPS49.37x16.35x27.18x12.31x19.27x
Forward P/EPrice ÷ next-FY EPS est.30.95x23.17x25.27x2.03x8.85x
PEG RatioP/E ÷ EPS growth rate1.71x0.77x2.43x0.60x
EV / EBITDAEnterprise value multiple35.38x11.25x26.39x9.12x10.59x
Price / SalesMarket cap ÷ Revenue16.42x4.53x7.42x4.08x2.38x
Price / BookPrice ÷ Book value/share38.34x5.67x10.40x6.50x1.72x
Price / FCFMarket cap ÷ FCF119.31x23.79x67.15x43.48x16.43x
NVO leads this category, winning 4 of 7 comparable metrics.

Profitability & Efficiency

LLY leads this category, winning 6 of 9 comparable metrics.

LLY delivers a 101.2% return on equity — every $100 of shareholder capital generates $101 in annual profit, vs $8 for PFE. NVO carries lower financial leverage with a 0.67x debt-to-equity ratio, signaling a more conservative balance sheet compared to LLY's 1.60x. On the Piotroski fundamental quality scale (0–9), LLY scores 8/9 vs MRK's 4/9, reflecting strong financial health.

MetricLLY logoLLYEli Lilly and Com…MRK logoMRKMerck & Co., Inc.KO logoKOThe Coca-Cola Com…NVO logoNVONovo Nordisk A/SPFE logoPFEPfizer Inc.
ROE (TTM)Return on equity+101.2%+36.1%+41.1%+66.4%+8.3%
ROA (TTM)Return on assets+22.7%+14.6%+13.1%+23.3%+3.6%
ROICReturn on invested capital+41.8%+22.0%+15.8%+36.2%+7.5%
ROCEReturn on capital employed+46.6%+23.8%+17.3%+44.4%+9.0%
Piotroski ScoreFundamental quality 0–984757
Debt / EquityFinancial leverage1.60x0.96x1.33x0.67x0.78x
Net DebtTotal debt minus cash$35.3B$36.0B$35.2B$104.5B$66.3B
Cash & Equiv.Liquid assets$7.2B$14.6B$10.3B$26.5B$1.1B
Total DebtShort + long-term debt$42.5B$50.5B$45.5B$131.0B$67.4B
Interest CoverageEBIT ÷ Interest expense35.68x19.68x10.70x18.90x4.02x
LLY leads this category, winning 6 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in LLY five years ago would be worth $51,207 today (with dividends reinvested), compared to $8,703 for PFE. Over the past 12 months, MRK leads with a +49.6% total return vs NVO's -43.6%. The 3-year compound annual growth rate (CAGR) favors LLY at 37.2% vs NVO's -15.0% — a key indicator of consistent wealth creation.

MetricLLY logoLLYEli Lilly and Com…MRK logoMRKMerck & Co., Inc.KO logoKOThe Coca-Cola Com…NVO logoNVONovo Nordisk A/SPFE logoPFEPfizer Inc.
YTD ReturnYear-to-date+5.2%+12.6%+20.3%-13.9%+7.5%
1-Year ReturnPast 12 months+40.3%+49.6%+17.2%-43.6%+12.4%
3-Year ReturnCumulative with dividends+158.2%+17.0%+47.0%-38.6%-21.6%
5-Year ReturnCumulative with dividends+412.1%+77.7%+65.6%+19.3%-13.0%
10-Year ReturnCumulative with dividends+1484.6%+169.6%+121.1%+95.7%+25.8%
CAGR (3Y)Annualised 3-year return+37.2%+5.4%+13.7%-15.0%-7.8%
LLY leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

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

KO is the less volatile stock with a -0.20 beta — it tends to amplify market swings less than NVO's 1.47 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. KO currently trades 98.3% from its 52-week high vs NVO's 53.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricLLY logoLLYEli Lilly and Com…MRK logoMRKMerck & Co., Inc.KO logoKOThe Coca-Cola Com…NVO logoNVONovo Nordisk A/SPFE logoPFEPfizer Inc.
Beta (5Y)Sensitivity to S&P 5000.53x0.32x-0.20x1.47x0.38x
52-Week HighHighest price in past year$1182.73$125.14$84.04$81.44$28.75
52-Week LowLowest price in past year$623.78$76.66$65.35$35.12$23.11
% of 52W HighCurrent price vs 52-week peak+95.8%+95.1%+98.3%+53.9%+91.2%
RSI (14)Momentum oscillator 0–10070.058.960.652.453.2
Avg Volume (50D)Average daily shares traded2.6M7.2M12.7M14.8M28.5M
KO leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Evenly matched — KO and PFE each lead in 1 of 2 comparable metrics.

Analyst consensus: LLY as "Buy", MRK as "Buy", KO as "Buy", NVO as "Buy", PFE as "Hold". Consensus price targets imply 12.0% upside for LLY (target: $1269) vs 2.1% for PFE (target: $27). For income investors, PFE offers the higher dividend yield at 6.56% vs LLY's 0.53%.

MetricLLY logoLLYEli Lilly and Com…MRK logoMRKMerck & Co., Inc.KO logoKOThe Coca-Cola Com…NVO logoNVONovo Nordisk A/SPFE logoPFEPfizer Inc.
Analyst RatingConsensus buy/hold/sellBuyBuyBuyBuyHold
Price TargetConsensus 12-month target$1268.94$131.58$86.13$45.00$26.75
# AnalystsCovering analysts4537483939
Dividend YieldAnnual dividend ÷ price+0.5%+2.7%+2.5%+4.1%+6.6%
Dividend StreakConsecutive years of raises111556115
Dividend / ShareAnnual DPS$6.00$3.26$2.04$11.64$1.72
Buyback YieldShare repurchases ÷ mkt cap+0.4%+1.7%+0.2%+0.1%0.0%
Evenly matched — KO and PFE each lead in 1 of 2 comparable metrics.
Key Takeaway

LLY leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). NVO leads in 1 (Valuation Metrics). 1 tied.

Best OverallEli Lilly and Company (LLY)Leads 3 of 6 categories
Loading custom metrics...

LLY vs MRK vs KO vs NVO vs PFE: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is LLY or MRK or KO or NVO or PFE 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). Novo Nordisk A/S (NVO) offers the better valuation at 12. 3x trailing P/E (2. 0x forward), making it the more compelling value choice. Analysts rate Eli Lilly and Company (LLY) a "Buy" — based on 45 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 — LLY or MRK or KO or NVO or PFE?

On trailing P/E, Novo Nordisk A/S (NVO) is the cheapest at 12.

3x versus Eli Lilly and Company at 49. 4x. On forward P/E, Novo Nordisk A/S is actually cheaper at 2. 0x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Novo Nordisk A/S wins at 0. 10x versus The Coca-Cola Company's 2. 26x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

03

Which is the better long-term investment — LLY or MRK or KO or NVO or PFE?

Over the past 5 years, Eli Lilly and Company (LLY) delivered a total return of +412.

1%, compared to -13. 0% for Pfizer Inc. (PFE). Over 10 years, the gap is even starker: LLY returned +1485% versus PFE's +25. 8%. 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 — LLY or MRK or KO or NVO or PFE?

By beta (market sensitivity over 5 years), The Coca-Cola Company (KO) is the lower-risk stock at -0.

20β versus Novo Nordisk A/S's 1. 47β — meaning NVO is approximately -834% more volatile than KO relative to the S&P 500. On balance sheet safety, Novo Nordisk A/S (NVO) carries a lower debt/equity ratio of 67% versus 160% for Eli Lilly and Company — giving it more financial flexibility in a downturn.

05

Which is growing faster — LLY or MRK or KO or NVO or PFE?

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: Eli Lilly and Company grew EPS 96. 0% 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.

06

Which has better profit margins — LLY or MRK or KO or NVO or PFE?

Novo Nordisk A/S (NVO) is the more profitable company, earning 33.

1% net margin versus 12. 4% for Pfizer Inc. — meaning it keeps 33. 1% 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 — LLY leads at 83. 8%, 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 LLY or MRK or KO or NVO or PFE 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, Novo Nordisk A/S (NVO) is the more undervalued stock at a PEG of 0. 10x versus The Coca-Cola Company's 2. 26x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Novo Nordisk A/S (NVO) trades at 2. 0x forward P/E versus 30. 9x for Eli Lilly and Company — 28. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for LLY: 12. 0% to $1268. 94.

08

Which pays a better dividend — LLY or MRK or KO or NVO or PFE?

All stocks in this comparison pay dividends.

Pfizer Inc. (PFE) offers the highest yield at 6. 6%, versus 0. 5% for Eli Lilly and Company (LLY).

09

Is LLY or MRK or KO or NVO or PFE 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.

53), 0. 5% yield, +1485% 10Y return). Both have compounded well over 10 years (LLY: +1485%, NVO: +95. 7%), 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 LLY and MRK and KO and NVO and PFE?

These companies operate in different sectors (LLY (Healthcare) and MRK (Healthcare) and KO (Consumer Defensive) and NVO (Healthcare) and PFE (Healthcare)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

In terms of investment character: LLY is a mega-cap high-growth stock; MRK is a large-cap deep-value stock; KO is a large-cap quality compounder stock; NVO is a mid-cap deep-value stock; PFE is a mid-cap income-oriented 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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