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NUVL vs LLY vs PFE vs MRK vs IQV

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

Live fundamentals10-year financials5-year price chart
NUVL
Nuvalent, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$7.53B
5Y Perf.+461.1%
LLY
Eli Lilly and Company

Drug Manufacturers - General

HealthcareNYSE • US
Market Cap$921.16B
5Y Perf.+300.4%
PFE
Pfizer Inc.

Drug Manufacturers - General

HealthcareNYSE • US
Market Cap$150.63B
5Y Perf.-38.1%
MRK
Merck & Co., Inc.

Drug Manufacturers - General

HealthcareNYSE • US
Market Cap$277.34B
5Y Perf.+46.1%
IQV
IQVIA Holdings Inc.

Medical - Diagnostics & Research

HealthcareNYSE • US
Market Cap$30.32B
5Y Perf.-27.9%

NUVL vs LLY vs PFE vs MRK vs IQV — Key Financials

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

Company Snapshot
NUVL logoNUVL
LLY logoLLY
PFE logoPFE
MRK logoMRK
IQV logoIQV
IndustryBiotechnologyDrug Manufacturers - GeneralDrug Manufacturers - GeneralDrug Manufacturers - GeneralMedical - Diagnostics & Research
Market Cap$7.53B$921.16B$150.63B$277.34B$30.32B
Revenue (TTM)$0.00$72.25B$63.31B$64.93B$16.63B
Net Income (TTM)$-450M$25.27B$7.49B$18.25B$1.39B
Gross Margin83.5%69.3%74.2%26.1%
Operating Margin45.9%23.4%41.1%13.9%
Forward P/E28.2x8.9x21.9x14.1x
Total Debt$0.00$42.50B$67.42B$50.53B$16.17B
Cash & Equiv.$262M$7.16B$1.14B$14.56B$1.98B

NUVL vs LLY vs PFE vs MRK vs IQVLong-Term Stock Performance

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

NUVL
LLY
PFE
MRK
IQV
StockJul 21May 26Return
Nuvalent, Inc. (NUVL)100561.1+461.1%
Eli Lilly and Compa… (LLY)100400.4+300.4%
Pfizer Inc. (PFE)10061.9-38.1%
Merck & Co., Inc. (MRK)100146.1+46.1%
IQVIA Holdings Inc. (IQV)10072.1-27.9%

Price return only. Dividends and distributions are not included.

Quick Verdict: NUVL vs LLY vs PFE vs MRK vs IQV

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. Nuvalent, Inc. is the stronger pick specifically for recent price momentum and sentiment. PFE, MRK, and IQV also each lead in at least one category. As sector peers, any of these can serve as alternatives in the same allocation.
NUVL
Nuvalent, Inc.
The Momentum Pick

NUVL is the #2 pick in this set and the best alternative if momentum is your priority.

  • +53.5% vs IQV's +16.5%
Best for: momentum
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%
  • 12.4% 10Y total return vs NUVL's 446.1%
  • 44.7% revenue growth vs PFE's -1.6%
  • 35.0% margin vs NUVL's 3.2%
Best for: growth exposure and long-term compounding
PFE
Pfizer Inc.
The Income Pick

PFE ranks third and is worth considering specifically for income & stability.

  • Dividend streak 15 yrs, beta 0.54, yield 6.5%
  • 6.5% yield, 15-year raise streak, vs LLY's 0.6%, (2 stocks pay no dividend)
Best for: income & stability
MRK
Merck & Co., Inc.
The Defensive Pick

MRK is the clearest fit if your priority is sleep-well-at-night and defensive.

  • 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 IQV's 1.33, lower leverage
Best for: sleep-well-at-night and defensive
IQV
IQVIA Holdings Inc.
The Value Pick

IQV is the clearest fit if your priority is valuation efficiency.

  • PEG 0.35 vs MRK's 1.03
  • Lower P/E (14.1x vs 21.9x), PEG 0.35 vs 1.03
Best for: valuation efficiency
See the full category breakdown
CategoryWinnerWhy
GrowthLLY logoLLY44.7% revenue growth vs PFE's -1.6%
ValueIQV logoIQVLower P/E (14.1x vs 21.9x), PEG 0.35 vs 1.03
Quality / MarginsLLY logoLLY35.0% margin vs NUVL's 3.2%
Stability / SafetyMRK logoMRKBeta 0.48 vs IQV's 1.33, lower leverage
DividendsPFE logoPFE6.5% yield, 15-year raise streak, vs LLY's 0.6%, (2 stocks pay no dividend)
Momentum (1Y)NUVL logoNUVL+53.5% vs IQV's +16.5%
Efficiency (ROA)LLY logoLLY22.7% ROA vs NUVL's -37.8%, ROIC 41.8% vs -32.5%

NUVL vs LLY vs PFE vs MRK vs IQV — Revenue Breakdown by Segment

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

NUVLNuvalent, Inc.

Segment breakdown not available.

LLYEli Lilly and Company
FY 2025
Product
93.5%$61.0B
Collaboration and Other Revenue
6.5%$4.2B
PFEPfizer Inc.
FY 2025
Biopharma Segment
97.8%$61.2B
Segment Reporting, Reconciling Item, Corporate Nonsegment
2.2%$1.4B
MRKMerck & Co., Inc.
FY 2025
Pharmaceutical segment
89.4%$58.1B
Animal Health segment
9.8%$6.4B
Other Segments
0.8%$515M
IQVIQVIA Holdings Inc.
FY 2025
Research And Development Solutions
54.5%$8.9B
Technology And Analytics Solutions
40.6%$6.6B
Contract Sales And Medical Solutions
4.8%$788M

NUVL vs LLY vs PFE vs MRK vs IQV — Financial Metrics

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

BEST OVERALLLLYLAGGINGIQV

Income & Cash Flow (Last 12 Months)

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

LLY and NUVL operate at a comparable scale, with $72.2B and $0 in trailing revenue. LLY is the more profitable business, keeping 35.0% of every revenue dollar as net income compared to IQV's 8.3%. On growth, LLY holds the edge at +55.5% YoY revenue growth, suggesting stronger near-term business momentum.

MetricNUVL logoNUVLNuvalent, Inc.LLY logoLLYEli Lilly and Com…PFE logoPFEPfizer Inc.MRK logoMRKMerck & Co., Inc.IQV logoIQVIQVIA Holdings In…
RevenueTrailing 12 months$0$72.2B$63.3B$64.9B$16.6B
EBITDAEarnings before interest/tax-$346M$34.7B$21.0B$32.4B$3.5B
Net IncomeAfter-tax profit-$450M$25.3B$7.5B$18.3B$1.4B
Free Cash FlowCash after capex-$313M$13.6B$9.5B$12.4B$2.7B
Gross MarginGross profit ÷ Revenue+83.5%+69.3%+74.2%+26.1%
Operating MarginEBIT ÷ Revenue+45.9%+23.4%+41.1%+13.9%
Net MarginNet income ÷ Revenue+35.0%+11.8%+28.1%+8.3%
FCF MarginFCF ÷ Revenue+18.8%+15.0%+19.0%+16.1%
Rev. Growth (YoY)Latest quarter vs prior year+55.5%+5.4%+4.5%+8.4%
EPS Growth (YoY)Latest quarter vs prior year-17.8%+169.9%-9.5%-19.6%+15.0%
LLY leads this category, winning 5 of 6 comparable metrics.

Valuation Metrics

Evenly matched — PFE and IQV each lead in 3 of 7 comparable metrics.

At 15.4x trailing earnings, MRK trades at a 64% valuation discount to LLY's 42.5x P/E. Adjusting for growth (PEG ratio), IQV offers better value at 0.56x vs LLY's 1.47x — a lower PEG means you pay less per unit of expected earnings growth.

MetricNUVL logoNUVLNuvalent, Inc.LLY logoLLYEli Lilly and Com…PFE logoPFEPfizer Inc.MRK logoMRKMerck & Co., Inc.IQV logoIQVIQVIA Holdings In…
Market CapShares × price$7.5B$921.2B$150.6B$277.3B$30.3B
Enterprise ValueMkt cap + debt − cash$7.3B$956.5B$216.9B$313.3B$44.5B
Trailing P/EPrice ÷ TTM EPS-17.50x42.48x19.47x15.42x22.79x
Forward P/EPrice ÷ next-FY EPS est.28.24x8.94x21.93x14.06x
PEG RatioP/E ÷ EPS growth rate1.47x0.73x0.56x
EV / EBITDAEnterprise value multiple30.60x10.66x10.68x12.97x
Price / SalesMarket cap ÷ Revenue14.13x2.41x4.27x1.86x
Price / BookPrice ÷ Book value/share5.96x32.99x1.74x5.35x4.67x
Price / FCFMarket cap ÷ FCF102.67x16.60x22.44x14.78x
Evenly matched — PFE and IQV each lead in 3 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 $-43 for NUVL. PFE carries lower financial leverage with a 0.78x debt-to-equity ratio, signaling a more conservative balance sheet compared to IQV's 2.44x. On the Piotroski fundamental quality scale (0–9), LLY scores 8/9 vs NUVL's 1/9, reflecting strong financial health.

MetricNUVL logoNUVLNuvalent, Inc.LLY logoLLYEli Lilly and Com…PFE logoPFEPfizer Inc.MRK logoMRKMerck & Co., Inc.IQV logoIQVIQVIA Holdings In…
ROE (TTM)Return on equity-42.8%+101.2%+8.3%+36.1%+22.1%
ROA (TTM)Return on assets-37.8%+22.7%+3.6%+14.6%+4.7%
ROICReturn on invested capital-32.5%+41.8%+7.5%+22.0%+8.7%
ROCEReturn on capital employed-34.4%+46.6%+9.0%+23.8%+11.0%
Piotroski ScoreFundamental quality 0–918744
Debt / EquityFinancial leverage1.60x0.78x0.96x2.44x
Net DebtTotal debt minus cash-$262M$35.3B$66.3B$36.0B$14.2B
Cash & Equiv.Liquid assets$262M$7.2B$1.1B$14.6B$2.0B
Total DebtShort + long-term debt$0$42.5B$67.4B$50.5B$16.2B
Interest CoverageEBIT ÷ Interest expense-26.85x35.68x4.02x19.68x3.10x
LLY leads this category, winning 6 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in NUVL five years ago would be worth $54,613 today (with dividends reinvested), compared to $7,621 for IQV. Over the past 12 months, NUVL leads with a +53.5% total return vs IQV's +16.5%. The 3-year compound annual growth rate (CAGR) favors NUVL at 39.5% vs PFE's -6.6% — a key indicator of consistent wealth creation.

MetricNUVL logoNUVLNuvalent, Inc.LLY logoLLYEli Lilly and Com…PFE logoPFEPfizer Inc.MRK logoMRKMerck & Co., Inc.IQV logoIQVIQVIA Holdings In…
YTD ReturnYear-to-date+1.5%-9.6%+6.9%+6.3%-20.7%
1-Year ReturnPast 12 months+53.5%+26.3%+23.7%+46.1%+16.5%
3-Year ReturnCumulative with dividends+171.2%+129.1%-18.4%+2.9%-5.9%
5-Year ReturnCumulative with dividends+446.1%+411.1%-13.3%+70.2%-23.8%
10-Year ReturnCumulative with dividends+446.1%+1237.7%+29.6%+166.5%+166.5%
CAGR (3Y)Annualised 3-year return+39.5%+31.8%-6.6%+0.9%-2.0%
NUVL 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 IQV's 1.33 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 IQV's 72.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricNUVL logoNUVLNuvalent, Inc.LLY logoLLYEli Lilly and Com…PFE logoPFEPfizer Inc.MRK logoMRKMerck & Co., Inc.IQV logoIQVIQVIA Holdings In…
Beta (5Y)Sensitivity to S&P 5001.09x0.71x0.54x0.48x1.33x
52-Week HighHighest price in past year$113.02$1133.95$28.75$125.14$247.05
52-Week LowLowest price in past year$63.56$623.78$21.97$73.31$134.65
% of 52W HighCurrent price vs 52-week peak+90.6%+86.0%+92.1%+89.7%+72.3%
RSI (14)Momentum oscillator 0–10052.961.444.246.758.5
Avg Volume (50D)Average daily shares traded544K2.6M33.3M7.3M1.6M
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: NUVL as "Buy", LLY as "Buy", PFE as "Hold", MRK as "Buy", IQV as "Buy". Consensus price targets imply 41.0% upside for NUVL (target: $144) vs 3.0% for PFE (target: $27). For income investors, PFE offers the higher dividend yield at 6.49% vs LLY's 0.61%.

MetricNUVL logoNUVLNuvalent, Inc.LLY logoLLYEli Lilly and Com…PFE logoPFEPfizer Inc.MRK logoMRKMerck & Co., Inc.IQV logoIQVIQVIA Holdings In…
Analyst RatingConsensus buy/hold/sellBuyBuyHoldBuyBuy
Price TargetConsensus 12-month target$144.40$1258.47$27.27$129.31$225.63
# AnalystsCovering analysts1445393744
Dividend YieldAnnual dividend ÷ price+0.6%+6.5%+2.9%
Dividend StreakConsecutive years of raises1115142
Dividend / ShareAnnual DPS$6.00$1.72$3.26
Buyback YieldShare repurchases ÷ mkt cap0.0%+0.4%0.0%+1.8%+4.1%
PFE leads this category, winning 2 of 2 comparable metrics.
Key Takeaway

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

Best OverallEli Lilly and Company (LLY)Leads 2 of 6 categories
Loading custom metrics...

NUVL vs LLY vs PFE vs MRK vs IQV: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is NUVL or LLY or PFE or MRK or IQV 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). 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 Nuvalent, Inc. (NUVL) 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 — NUVL or LLY or PFE or MRK or IQV?

On trailing P/E, Merck & Co.

, Inc. (MRK) is the cheapest at 15. 4x versus Eli Lilly and Company at 42. 5x. On forward P/E, Pfizer Inc. is actually cheaper at 8. 9x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: IQVIA Holdings Inc. wins at 0. 35x versus Merck & Co. , Inc. 's 1. 03x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

03

Which is the better long-term investment — NUVL or LLY or PFE or MRK or IQV?

Over the past 5 years, Nuvalent, Inc.

(NUVL) delivered a total return of +446. 1%, compared to -23. 8% for IQVIA Holdings Inc. (IQV). Over 10 years, the gap is even starker: LLY returned +1238% versus PFE's +29. 6%. 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 — NUVL or LLY or PFE or MRK or IQV?

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

, Inc. (MRK) is the lower-risk stock at 0. 48β versus IQVIA Holdings Inc. 's 1. 33β — meaning IQV is approximately 180% more volatile than MRK relative to the S&P 500. On balance sheet safety, Pfizer Inc. (PFE) carries a lower debt/equity ratio of 78% versus 2% for IQVIA Holdings Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — NUVL or LLY or PFE or MRK or IQV?

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 -48. 9% for Nuvalent, 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 — NUVL or LLY or PFE or MRK or IQV?

Eli Lilly and Company (LLY) is the more profitable company, earning 31.

7% net margin versus 0. 0% for Nuvalent, 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 0. 0% for NUVL. 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 NUVL or LLY or PFE or MRK or IQV 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, IQVIA Holdings Inc. (IQV) is the more undervalued stock at a PEG of 0. 35x versus Merck & Co. , Inc. 's 1. 03x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Pfizer Inc. (PFE) 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 NUVL: 41. 0% to $144. 40.

08

Which pays a better dividend — NUVL or LLY or PFE or MRK or IQV?

In this comparison, PFE (6.

5% yield), MRK (2. 9% yield), LLY (0. 6% yield) pay a dividend. NUVL, IQV do not pay a meaningful dividend and should not be held primarily for income.

09

Is NUVL or LLY or PFE or MRK or IQV 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%, IQV: +166. 5%), 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 NUVL and LLY and PFE and MRK and IQV?

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: NUVL is a small-cap quality compounder stock; LLY is a large-cap high-growth stock; PFE is a mid-cap income-oriented stock; MRK is a large-cap deep-value stock; IQV is a mid-cap quality compounder stock. LLY, PFE, MRK pay a dividend while NUVL, IQV 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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