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Stock Comparison

LLY vs NVO vs PFE vs MRK vs AZN

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$933.66B
5Y Perf.+546.1%
NVO
Novo Nordisk A/S

Drug Manufacturers - General

HealthcareNYSE • DK
Market Cap$151.36B
5Y Perf.+36.2%
PFE
Pfizer Inc.

Drug Manufacturers - General

HealthcareNYSE • US
Market Cap$150.40B
5Y Perf.-27.0%
MRK
Merck & Co., Inc.

Drug Manufacturers - General

HealthcareNYSE • US
Market Cap$279.49B
5Y Perf.+47.0%
AZN
AstraZeneca PLC

Drug Manufacturers - General

HealthcareNASDAQ • GB
Market Cap$280.97B
5Y Perf.+69.0%

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

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

Company Snapshot
LLY logoLLY
NVO logoNVO
PFE logoPFE
MRK logoMRK
AZN logoAZN
IndustryDrug Manufacturers - GeneralDrug Manufacturers - GeneralDrug Manufacturers - GeneralDrug Manufacturers - GeneralDrug Manufacturers - General
Market Cap$933.66B$151.36B$150.40B$279.49B$280.97B
Revenue (TTM)$72.25B$297.20B$63.31B$64.93B$60.44B
Net Income (TTM)$25.27B$98.50B$7.49B$18.25B$10.39B
Gross Margin83.5%81.0%69.3%74.2%81.7%
Operating Margin45.9%41.4%23.4%41.1%23.7%
Forward P/E28.6x2.1x8.9x22.1x17.6x
Total Debt$42.50B$130.96B$67.42B$50.53B$29.70B
Cash & Equiv.$7.16B$26.46B$1.14B$14.56B$5.71B

LLY vs NVO vs PFE vs MRK vs AZNLong-Term Stock Performance

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

LLY
NVO
PFE
MRK
AZN
StockMay 20May 26Return
Eli Lilly and Compa… (LLY)100646.1+546.1%
Novo Nordisk A/S (NVO)100136.2+36.2%
Pfizer Inc. (PFE)10073.0-27.0%
Merck & Co., Inc. (MRK)100147.0+47.0%
AstraZeneca PLC (AZN)100169.0+69.0%

Price return only. Dividends and distributions are not included.

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

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

Bottom line: LLY leads in 3 of 7 categories (5-stock set), making it the strongest pick for growth and revenue expansion 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. NVO and PFE also each lead in at least one category. As sector peers, any of these can serve as alternatives in the same allocation.
LLY
Eli Lilly and Company
The Growth Play

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%
  • 12.6% 10Y total return vs AZN's 283.6%
  • 44.7% revenue growth vs PFE's -1.6%
  • 35.0% margin vs PFE's 11.8%
Best for: growth exposure and long-term compounding
NVO
Novo Nordisk A/S
The Value Pick

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

  • PEG 0.10 vs MRK's 1.04
  • Lower P/E (2.1x vs 17.6x), PEG 0.10 vs 0.81
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 0.54, yield 6.5%
  • 6.5% yield, 15-year raise streak, vs NVO's 3.9%
Best for: income & stability
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 0.48, Low D/E 96.0%, current ratio 1.54x
  • Beta 0.48, yield 2.9%, current ratio 1.54x
  • Beta 0.48 vs NVO's 1.56
  • +40.6% vs NVO's -32.4%
Best for: sleep-well-at-night and defensive
AZN
AstraZeneca PLC
The Lower-Volatility Pick

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

Best for: healthcare exposure
See the full category breakdown
CategoryWinnerWhy
GrowthLLY logoLLY44.7% revenue growth vs PFE's -1.6%
ValueNVO logoNVOLower P/E (2.1x vs 17.6x), PEG 0.10 vs 0.81
Quality / MarginsLLY logoLLY35.0% margin vs PFE's 11.8%
Stability / SafetyMRK logoMRKBeta 0.48 vs NVO's 1.56
DividendsPFE logoPFE6.5% yield, 15-year raise streak, vs NVO's 3.9%
Momentum (1Y)MRK logoMRK+40.6% vs NVO's -32.4%
Efficiency (ROA)LLY logoLLY22.7% ROA vs PFE's 3.6%, ROIC 41.8% vs 7.5%

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

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

LLYEli Lilly and Company
FY 2025
Product
93.5%$61.0B
Collaboration and Other Revenue
6.5%$4.2B
NVONovo Nordisk A/S

Segment breakdown not available.

PFEPfizer Inc.
FY 2025
Biopharma Segment
100.0%$61.2B
MRKMerck & Co., Inc.
FY 2025
Pharmaceutical segment
89.4%$58.1B
Animal Health segment
9.8%$6.4B
Other Segments
0.8%$515M
AZNAstraZeneca PLC
FY 2025
Total Oncology
23.9%$23.7B
CVRM
12.9%$12.8B
Rare Disease
9.2%$9.1B
Farxiga
8.5%$8.4B
Tagrisso
7.3%$7.3B
Imfinzi
6.1%$6.1B
Ultomiris
4.8%$4.7B
Other (22)
27.3%$27.1B

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

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

BEST OVERALLLLYLAGGINGAZN

Income & Cash Flow (Last 12 Months)

LLY leads this category, winning 5 of 6 comparable metrics.

NVO is the larger business by revenue, generating $297.2B annually — 4.9x AZN's $60.4B. 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.

MetricLLY logoLLYEli Lilly and Com…NVO logoNVONovo Nordisk A/SPFE logoPFEPfizer Inc.MRK logoMRKMerck & Co., Inc.AZN logoAZNAstraZeneca PLC
RevenueTrailing 12 months$72.2B$297.2B$63.3B$64.9B$60.4B
EBITDAEarnings before interest/tax$34.7B$144.2B$21.0B$32.4B$20.1B
Net IncomeAfter-tax profit$25.3B$98.5B$7.5B$18.3B$10.4B
Free Cash FlowCash after capex$13.6B$56.2B$9.5B$12.4B$9.1B
Gross MarginGross profit ÷ Revenue+83.5%+81.0%+69.3%+74.2%+81.7%
Operating MarginEBIT ÷ Revenue+45.9%+41.4%+23.4%+41.1%+23.7%
Net MarginNet income ÷ Revenue+35.0%+33.1%+11.8%+28.1%+17.2%
FCF MarginFCF ÷ Revenue+18.8%+18.9%+15.0%+19.0%+15.1%
Rev. Growth (YoY)Latest quarter vs prior year+55.5%-21.5%+5.4%+4.5%+12.5%
EPS Growth (YoY)Latest quarter vs prior year+169.9%-4.6%-9.5%-19.6%+5.3%
LLY leads this category, winning 5 of 6 comparable metrics.

Valuation Metrics

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

At 12.5x trailing earnings, NVO trades at a 71% valuation discount to LLY's 43.1x P/E. Adjusting for growth (PEG ratio), NVO offers better value at 0.60x vs LLY's 1.49x — a lower PEG means you pay less per unit of expected earnings growth.

MetricLLY logoLLYEli Lilly and Com…NVO logoNVONovo Nordisk A/SPFE logoPFEPfizer Inc.MRK logoMRKMerck & Co., Inc.AZN logoAZNAstraZeneca PLC
Market CapShares × price$933.7B$151.4B$150.4B$279.5B$281.0B
Enterprise ValueMkt cap + debt − cash$969.0B$167.7B$216.7B$315.5B$305.0B
Trailing P/EPrice ÷ TTM EPS43.06x12.46x19.44x15.54x27.71x
Forward P/EPrice ÷ next-FY EPS est.28.62x2.10x8.93x22.10x17.61x
PEG RatioP/E ÷ EPS growth rate1.49x0.60x0.73x1.27x
EV / EBITDAEnterprise value multiple31.00x7.44x10.65x10.76x15.66x
Price / SalesMarket cap ÷ Revenue14.32x3.26x2.40x4.30x4.78x
Price / BookPrice ÷ Book value/share33.44x6.58x1.73x5.39x5.81x
Price / FCFMarket cap ÷ FCF104.06x17.07x16.57x22.61x23.88x
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. AZN carries lower financial leverage with a 0.61x 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…NVO logoNVONovo Nordisk A/SPFE logoPFEPfizer Inc.MRK logoMRKMerck & Co., Inc.AZN logoAZNAstraZeneca PLC
ROE (TTM)Return on equity+101.2%+50.8%+8.3%+36.1%+22.2%
ROA (TTM)Return on assets+22.7%+18.1%+3.6%+14.6%+9.1%
ROICReturn on invested capital+41.8%+34.9%+7.5%+22.0%+14.9%
ROCEReturn on capital employed+46.6%+42.8%+9.0%+23.8%+17.2%
Piotroski ScoreFundamental quality 0–985748
Debt / EquityFinancial leverage1.60x0.67x0.78x0.96x0.61x
Net DebtTotal debt minus cash$35.3B$104.5B$66.3B$36.0B$24.0B
Cash & Equiv.Liquid assets$7.2B$26.5B$1.1B$14.6B$5.7B
Total DebtShort + long-term debt$42.5B$131.0B$67.4B$50.5B$29.7B
Interest CoverageEBIT ÷ Interest expense35.68x20.26x4.02x19.68x8.43x
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 $52,493 today (with dividends reinvested), compared to $8,677 for PFE. Over the past 12 months, MRK leads with a +40.6% total return vs NVO's -32.4%. The 3-year compound annual growth rate (CAGR) favors LLY at 32.9% vs NVO's -15.6% — a key indicator of consistent wealth creation.

MetricLLY logoLLYEli Lilly and Com…NVO logoNVONovo Nordisk A/SPFE logoPFEPfizer Inc.MRK logoMRKMerck & Co., Inc.AZN logoAZNAstraZeneca PLC
YTD ReturnYear-to-date-8.4%-11.9%+6.7%+7.1%+0.4%
1-Year ReturnPast 12 months+21.1%-32.4%+18.0%+40.6%+26.4%
3-Year ReturnCumulative with dividends+134.8%-39.9%-18.2%+4.2%+28.3%
5-Year ReturnCumulative with dividends+424.9%+36.9%-13.2%+73.0%+86.4%
10-Year ReturnCumulative with dividends+1260.9%+101.2%+30.5%+168.2%+283.6%
CAGR (3Y)Annualised 3-year return+32.9%-15.6%-6.5%+1.4%+8.7%
LLY leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

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

MRK is the less volatile stock with a 0.48 beta — it tends to amplify market swings less than NVO's 1.56 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PFE currently trades 92.0% from its 52-week high vs NVO's 55.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricLLY logoLLYEli Lilly and Com…NVO logoNVONovo Nordisk A/SPFE logoPFEPfizer Inc.MRK logoMRKMerck & Co., Inc.AZN logoAZNAstraZeneca PLC
Beta (5Y)Sensitivity to S&P 5000.71x1.56x0.54x0.48x0.67x
52-Week HighHighest price in past year$1133.95$81.44$28.75$125.14$212.71
52-Week LowLowest price in past year$623.78$35.12$21.97$73.31$91.44
% of 52W HighCurrent price vs 52-week peak+87.1%+55.1%+92.0%+90.4%+85.2%
RSI (14)Momentum oscillator 0–10058.669.741.445.533.9
Avg Volume (50D)Average daily shares traded2.6M19.5M33.1M7.5M1.9M
Evenly matched — PFE and MRK each lead in 1 of 2 comparable metrics.

Analyst Outlook

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

Analyst consensus: LLY as "Buy", NVO as "Buy", PFE as "Hold", MRK as "Buy", AZN as "Buy". Consensus price targets imply 27.4% upside for LLY (target: $1258) vs 3.1% for PFE (target: $27). For income investors, PFE offers the higher dividend yield at 6.50% vs LLY's 0.61%.

MetricLLY logoLLYEli Lilly and Com…NVO logoNVONovo Nordisk A/SPFE logoPFEPfizer Inc.MRK logoMRKMerck & Co., Inc.AZN logoAZNAstraZeneca PLC
Analyst RatingConsensus buy/hold/sellBuyBuyHoldBuyBuy
Price TargetConsensus 12-month target$1258.47$47.00$27.27$129.31$211.00
# AnalystsCovering analysts4539393741
Dividend YieldAnnual dividend ÷ price+0.6%+3.9%+6.5%+2.9%+1.8%
Dividend StreakConsecutive years of raises11815144
Dividend / ShareAnnual DPS$6.00$11.19$1.72$3.26$3.25
Buyback YieldShare repurchases ÷ mkt cap+0.4%+0.1%0.0%+1.8%+0.3%
PFE leads this category, winning 2 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 NVO vs PFE vs MRK vs AZN: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is LLY or NVO or PFE or MRK or AZN 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. 5x trailing P/E (2. 1x 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 NVO or PFE or MRK or AZN?

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

5x versus Eli Lilly and Company at 43. 1x. On forward P/E, Novo Nordisk A/S is actually cheaper at 2. 1x. 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 Merck & Co. , Inc. 's 1. 04x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

03

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

Over the past 5 years, Eli Lilly and Company (LLY) delivered a total return of +424.

9%, compared to -13. 2% for Pfizer Inc. (PFE). Over 10 years, the gap is even starker: LLY returned +1261% versus PFE's +30. 5%. 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 NVO or PFE or MRK or AZN?

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

, Inc. (MRK) is the lower-risk stock at 0. 48β versus Novo Nordisk A/S's 1. 56β — meaning NVO is approximately 228% more volatile than MRK relative to the S&P 500. On balance sheet safety, AstraZeneca PLC (AZN) carries a lower debt/equity ratio of 61% versus 160% for Eli Lilly and Company — giving it more financial flexibility in a downturn.

05

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

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: AstraZeneca PLC grew EPS 190. 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.

06

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

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 23. 4% for AZN. 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 NVO or PFE or MRK or AZN 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 Merck & Co. , Inc. 's 1. 04x. 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. 1x forward P/E versus 28. 6x for Eli Lilly and Company — 26. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for LLY: 27. 4% to $1258. 47.

08

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

All stocks in this comparison pay dividends.

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

09

Is LLY or NVO or PFE or MRK or AZN 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, +1261% 10Y return). Novo Nordisk A/S (NVO) carries a higher beta of 1. 56 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (LLY: +1261%, NVO: +101. 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 LLY and NVO and PFE and MRK and AZN?

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: LLY is a large-cap high-growth stock; NVO is a mid-cap deep-value stock; PFE is a mid-cap income-oriented stock; MRK is a large-cap deep-value stock; AZN is a large-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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  • Market Cap > $100B
  • Net Margin > 16%
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  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 6%
  • Net Margin > 10%
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Beat Both

Find stocks that outperform LLY and NVO and PFE and MRK and AZN on the metrics below

Revenue Growth>
%
(LLY: 55.5% · NVO: -21.5%)
Net Margin>
%
(LLY: 35.0% · NVO: 33.1%)
P/E Ratio<
x
(LLY: 43.1x · NVO: 12.5x)

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