Drug Manufacturers - Specialty & Generic
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PAHC vs NEOG
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Diagnostics & Research
PAHC vs NEOG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Drug Manufacturers - Specialty & Generic | Medical - Diagnostics & Research |
| Market Cap | $1.75B | $2.01B |
| Revenue (TTM) | $1.46B | $880M |
| Net Income (TTM) | $92M | $-603M |
| Gross Margin | 31.9% | 38.0% |
| Operating Margin | 11.6% | -2.0% |
| Forward P/E | 14.2x | 25.9x |
| Total Debt | $762M | $913M |
| Cash & Equiv. | $68M | $129M |
PAHC vs NEOG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Phibro Animal Healt… (PAHC) | 100 | 164.7 | +64.7% |
| Neogen Corporation (NEOG) | 100 | 26.0 | -74.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: PAHC vs NEOG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
PAHC carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 0 yrs, beta 1.38, yield 1.1%
- Rev growth 27.4%, EPS growth 18.8%, 3Y rev CAGR 11.2%
- 128.6% 10Y total return vs NEOG's -49.8%
In this particular matchup, NEOG is outpaced on most metrics by others in the set.
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 27.4% revenue growth vs NEOG's -3.2% | |
| Value | Lower P/E (14.2x vs 25.9x) | |
| Quality / Margins | 6.3% margin vs NEOG's -68.5% | |
| Stability / Safety | Beta 1.38 vs NEOG's 1.83 | |
| Dividends | 1.1% yield; the other pay no meaningful dividend | |
| Momentum (1Y) | +125.1% vs NEOG's +56.0% | |
| Efficiency (ROA) | 6.7% ROA vs NEOG's -17.9%, ROIC 9.8% vs 0.2% |
PAHC vs NEOG — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
PAHC vs NEOG — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
PAHC leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
PAHC is the larger business by revenue, generating $1.5B annually — 1.7x NEOG's $880M. PAHC is the more profitable business, keeping 6.3% of every revenue dollar as net income compared to NEOG's -68.5%. On growth, PAHC holds the edge at +20.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $1.5B | $880M |
| EBITDAEarnings before interest/tax | $220M | $100M |
| Net IncomeAfter-tax profit | $92M | -$603M |
| Free Cash FlowCash after capex | $47M | $17M |
| Gross MarginGross profit ÷ Revenue | +31.9% | +38.0% |
| Operating MarginEBIT ÷ Revenue | +11.6% | -2.0% |
| Net MarginNet income ÷ Revenue | +6.3% | -68.5% |
| FCF MarginFCF ÷ Revenue | +3.2% | +2.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +20.9% | -2.8% |
| EPS Growth (YoY)Latest quarter vs prior year | +7.4% | +96.5% |
Valuation Metrics
PAHC leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, PAHC's 15.7x EV/EBITDA is more attractive than NEOG's 20.7x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $1.7B | $2.0B |
| Enterprise ValueMkt cap + debt − cash | $2.4B | $2.8B |
| Trailing P/EPrice ÷ TTM EPS | 36.27x | -1.84x |
| Forward P/EPrice ÷ next-FY EPS est. | 14.23x | 25.87x |
| PEG RatioP/E ÷ EPS growth rate | 4.85x | — |
| EV / EBITDAEnterprise value multiple | 15.65x | 20.70x |
| Price / SalesMarket cap ÷ Revenue | 1.35x | 2.25x |
| Price / BookPrice ÷ Book value/share | 6.15x | 0.97x |
| Price / FCFMarket cap ÷ FCF | 41.82x | — |
Profitability & Efficiency
PAHC leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
PAHC delivers a 30.8% return on equity — every $100 of shareholder capital generates $31 in annual profit, vs $-29 for NEOG. NEOG carries lower financial leverage with a 0.44x debt-to-equity ratio, signaling a more conservative balance sheet compared to PAHC's 2.67x. On the Piotroski fundamental quality scale (0–9), PAHC scores 5/9 vs NEOG's 3/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +30.8% | -28.6% |
| ROA (TTM)Return on assets | +6.7% | -17.9% |
| ROICReturn on invested capital | +9.8% | +0.2% |
| ROCEReturn on capital employed | +12.0% | +0.2% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 3 |
| Debt / EquityFinancial leverage | 2.67x | 0.44x |
| Net DebtTotal debt minus cash | $694M | $784M |
| Cash & Equiv.Liquid assets | $68M | $129M |
| Total DebtShort + long-term debt | $762M | $913M |
| Interest CoverageEBIT ÷ Interest expense | 3.64x | -8.33x |
Total Returns (Dividends Reinvested)
PAHC leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PAHC five years ago would be worth $16,597 today (with dividends reinvested), compared to $1,940 for NEOG. Over the past 12 months, PAHC leads with a +125.1% total return vs NEOG's +56.0%. The 3-year compound annual growth rate (CAGR) favors PAHC at 45.9% vs NEOG's -18.6% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +16.0% | +32.1% |
| 1-Year ReturnPast 12 months | +125.1% | +56.0% |
| 3-Year ReturnCumulative with dividends | +210.4% | -46.1% |
| 5-Year ReturnCumulative with dividends | +66.0% | -80.6% |
| 10-Year ReturnCumulative with dividends | +128.6% | -49.8% |
| CAGR (3Y)Annualised 3-year return | +45.9% | -18.6% |
Risk & Volatility
Evenly matched — PAHC and NEOG each lead in 1 of 2 comparable metrics.
Risk & Volatility
PAHC is the less volatile stock with a 1.38 beta — it tends to amplify market swings less than NEOG's 1.83 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NEOG currently trades 80.9% from its 52-week high vs PAHC's 71.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.38x | 1.83x |
| 52-Week HighHighest price in past year | $60.08 | $11.43 |
| 52-Week LowLowest price in past year | $19.00 | $4.53 |
| % of 52W HighCurrent price vs 52-week peak | +71.8% | +80.9% |
| RSI (14)Momentum oscillator 0–100 | 60.3 | 46.2 |
| Avg Volume (50D)Average daily shares traded | 302K | 2.5M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates PAHC as "Buy" and NEOG as "Hold". Consensus price targets imply 18.9% upside for NEOG (target: $11) vs 13.5% for PAHC (target: $49). PAHC is the only dividend payer here at 1.11% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $49.00 | $11.00 |
| # AnalystsCovering analysts | 13 | 11 |
| Dividend YieldAnnual dividend ÷ price | +1.1% | — |
| Dividend StreakConsecutive years of raises | 0 | — |
| Dividend / ShareAnnual DPS | $0.48 | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
PAHC leads in 4 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 1 category is tied.
PAHC vs NEOG: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is PAHC or NEOG a better buy right now?
For growth investors, Phibro Animal Health Corporation (PAHC) is the stronger pick with 27.
4% revenue growth year-over-year, versus -3. 2% for Neogen Corporation (NEOG). Phibro Animal Health Corporation (PAHC) offers the better valuation at 36. 3x trailing P/E (14. 2x forward), making it the more compelling value choice. Analysts rate Phibro Animal Health Corporation (PAHC) a "Buy" — based on 13 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 — PAHC or NEOG?
On forward P/E, Phibro Animal Health Corporation is actually cheaper at 14.
2x.
03Which is the better long-term investment — PAHC or NEOG?
Over the past 5 years, Phibro Animal Health Corporation (PAHC) delivered a total return of +66.
0%, compared to -80. 6% for Neogen Corporation (NEOG). Over 10 years, the gap is even starker: PAHC returned +128. 6% versus NEOG's -49. 8%. 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 — PAHC or NEOG?
By beta (market sensitivity over 5 years), Phibro Animal Health Corporation (PAHC) is the lower-risk stock at 1.
38β versus Neogen Corporation's 1. 83β — meaning NEOG is approximately 33% more volatile than PAHC relative to the S&P 500. On balance sheet safety, Neogen Corporation (NEOG) carries a lower debt/equity ratio of 44% versus 3% for Phibro Animal Health Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — PAHC or NEOG?
By revenue growth (latest reported year), Phibro Animal Health Corporation (PAHC) is pulling ahead at 27.
4% versus -3. 2% for Neogen Corporation (NEOG). On earnings-per-share growth, the picture is similar: Phibro Animal Health Corporation grew EPS 1883% year-over-year, compared to -114. 6% for Neogen Corporation. Over a 3-year CAGR, NEOG leads at 19. 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.
06Which has better profit margins — PAHC or NEOG?
Phibro Animal Health Corporation (PAHC) is the more profitable company, earning 3.
7% net margin versus -122. 1% for Neogen Corporation — meaning it keeps 3. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PAHC leads at 8. 5% versus 1. 1% for NEOG. At the gross margin level — before operating expenses — NEOG leads at 47. 1%, 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 PAHC or NEOG more undervalued right now?
On forward earnings alone, Phibro Animal Health Corporation (PAHC) trades at 14.
2x forward P/E versus 25. 9x for Neogen Corporation — 11. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for NEOG: 18. 9% to $11. 00.
08Which pays a better dividend — PAHC or NEOG?
In this comparison, PAHC (1.
1% yield) pays a dividend. NEOG does not pay a meaningful dividend and should not be held primarily for income.
09Is PAHC or NEOG better for a retirement portfolio?
For long-horizon retirement investors, Phibro Animal Health Corporation (PAHC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (1.
1% yield, +128. 6% 10Y return). Neogen Corporation (NEOG) carries a higher beta of 1. 83 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (PAHC: +128. 6%, NEOG: -49. 8%), 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 PAHC and NEOG?
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: PAHC is a small-cap high-growth stock; NEOG is a small-cap quality compounder stock. PAHC pays a dividend while NEOG 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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