Comprehensive Stock Comparison
Compare Royalty Pharma plc (RPRX) vs BlackRock Technology and Private Equity Term Trust (BTX) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth |  RPRX | 5.1% revenue growth vs BTX's -81.1% |
| Value | RPRX | Lower P/E (9.7x vs 38.6x) |
| Quality / Margins |  BTX | 87.7% net margin vs RPRX's 32.6% |
| Stability / Safety | RPRX | Beta 0.36 vs BTX's 1.16 |
| Dividends | BTX | 13.1% yield, 1-year raise streak, vs RPRX's 1.4% |
| Momentum (1Y) | RPRX | +44.5% vs BTX's +7.1% |
| Efficiency (ROA) | RPRX | 4.0% ROA vs BTX's 1.8%, ROIC 6.7% vs 1.4% |
Who Each Stock Is For
Income & stability
RPRXDividend streak 2 yrs, beta 0.36, yield 1.4%
Growth exposure
RPRXRev growth 5.1%, EPS growth -6.9%, 3Y rev CAGR 2.1%
Long-term compounding (10Y)
RPRX16.3% 10Y total return vs BTX's -45.8%
Sleep-well-at-night portfolio
RPRXLower volatility, beta 0.36, Low D/E 91.5%, current ratio 0.97x
Defensive / Recession hedge
RPRXBeta 0.36, yield 1.4%, current ratio 0.97x
Business Model
What each company does and how it makes money
Royalty Pharma is a specialized investment firm that acquires royalty interests in approved and development-stage biopharmaceutical products. It generates revenue primarily from royalty payments on approximately 35 marketed therapies — with its largest assets including cystic fibrosis drug Trikafta and HIV treatment Biktarvy — which provide predictable cash flows. The company's competitive advantage lies in its deep expertise in valuing complex biopharmaceutical royalties and its extensive industry relationships that provide access to proprietary deal flow.
BlackRock Technology and Private Equity Term Trust is a closed-end investment fund that pools investor capital to invest primarily in mid- and small-capitalization growth companies in the technology and healthcare sectors. It generates returns through capital appreciation and dividend income from its equity portfolio, with performance tied to the success of its underlying investments. The fund's key advantage is BlackRock's extensive research capabilities and access to innovative companies that traditional investors might overlook.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
RPRX 4BTX 1BTX3/3 metricsRPRX3/5 metricsRPRX5/8 metricsRPRX6/6 metricsRPRX2/2 metricsRPRX leads in 4 of 6 categories (Valuation Metrics, Profitability & Efficiency). BTX leads in 1 (Financial Metrics). 1 tied.
Financial Metrics (TTM)
RPRX is the larger business by revenue, generating $2.3B annually — 57.7x BTX's $41M. BTX is the more profitable business, keeping 87.7% of every revenue dollar as net income compared to RPRX's 32.6%.
| Metric | RPRXRoyalty Pharma plc | BTXBlackRock Technol… |
|---|---|---|
| RevenueTrailing 12 months | $2.3B | $41M |
| EBITDAEarnings before interest/tax | $1.5B | — |
| Net IncomeAfter-tax profit | $765M | — |
| Free Cash FlowCash after capex | $2.4B | — |
| Gross MarginGross profit ÷ Revenue | +100.0% | +100.0% |
| Operating MarginEBIT ÷ Revenue | +65.2% | +87.7% |
| Net MarginNet income ÷ Revenue | +32.6% | +87.7% |
| FCF MarginFCF ÷ Revenue | +102.4% | +6.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +7.9% | — |
| EPS Growth (YoY)Latest quarter vs prior year | -44.8% | — |
Valuation Metrics
At 26.6x trailing earnings, RPRX trades at a 31% valuation discount to BTX's 38.6x P/E. On an enterprise value basis, RPRX's 9.9x EV/EBITDA is more attractive than BTX's 21.4x.
| Metric | RPRXRoyalty Pharma plc | BTXBlackRock Technol… |
|---|---|---|
| Market CapShares × price | $7.1B | $765M |
| Enterprise ValueMkt cap + debt − cash | $15.4B | $765M |
| Trailing P/EPrice ÷ TTM EPS | 26.55x | 38.56x |
| Forward P/EPrice ÷ next-FY EPS est. | 9.72x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 9.89x | 21.43x |
| Price / SalesMarket cap ÷ Revenue | 2.98x | 18.80x |
| Price / BookPrice ÷ Book value/share | 2.73x | 0.79x |
| Price / FCFMarket cap ÷ FCF | 2.85x | 2.76x |
Profitability & Efficiency
RPRX delivers a 8.0% return on equity — every $100 of shareholder capital generates $8 in annual profit, vs $2 for BTX. On the Piotroski fundamental quality scale (0–9), RPRX scores 4/9 vs BTX's 3/9, reflecting mixed financial health.
| Metric | RPRXRoyalty Pharma plc | BTXBlackRock Technol… |
|---|---|---|
| ROE (TTM)Return on equity | +8.0% | +1.9% |
| ROA (TTM)Return on assets | +4.0% | +1.8% |
| ROICReturn on invested capital | +6.7% | +1.4% |
| ROCEReturn on capital employed | +8.7% | +1.8% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 3 |
| Debt / EquityFinancial leverage | 0.91x | — |
| Net DebtTotal debt minus cash | $8.3B | $0 |
| Cash & Equiv.Liquid assets | $619M | — |
| Total DebtShort + long-term debt | $9.0B | $0 |
| Interest CoverageEBIT ÷ Interest expense | 5.66x | 2313.25x |
Total Returns (with DRIP)
A $10,000 investment in RPRX five years ago would be worth $12,113 today (with dividends reinvested), compared to $5,420 for BTX. Over the past 12 months, RPRX leads with a +44.5% total return vs BTX's +7.1%. The 3-year compound annual growth rate (CAGR) favors RPRX at 12.3% vs BTX's 5.5% — a key indicator of consistent wealth creation.
| Metric | RPRXRoyalty Pharma plc | BTXBlackRock Technol… |
|---|---|---|
| YTD ReturnYear-to-date | +22.2% | -0.4% |
| 1-Year ReturnPast 12 months | +44.5% | +7.1% |
| 3-Year ReturnCumulative with dividends | +41.7% | +17.5% |
| 5-Year ReturnCumulative with dividends | +21.1% | -45.8% |
| 10-Year ReturnCumulative with dividends | +16.3% | -45.8% |
| CAGR (3Y)Annualised 3-year return | +12.3% | +5.5% |
Risk & Volatility
RPRX is the less volatile stock with a 0.36 beta — it tends to amplify market swings less than BTX's 1.16 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. RPRX currently trades 99.8% from its 52-week high vs BTX's 87.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | RPRXRoyalty Pharma plc | BTXBlackRock Technol… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.36x | 1.16x |
| 52-Week HighHighest price in past year | $47.34 | $7.50 |
| 52-Week LowLowest price in past year | $29.66 | $5.10 |
| % of 52W HighCurrent price vs 52-week peak | +99.8% | +87.4% |
| RSI (14)Momentum oscillator 0–100 | 75.1 | 47.5 |
| Avg Volume (50D)Average daily shares traded | 3.0M | 791K |
Analyst Outlook
For income investors, BTX offers the higher dividend yield at 13.05% vs RPRX's 1.42%.
| Metric | RPRXRoyalty Pharma plc | BTXBlackRock Technol… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | — |
| Price TargetConsensus 12-month target | $49.40 | — |
| # AnalystsCovering analysts | 11 | — |
| Dividend YieldAnnual dividend ÷ price | +1.4% | +13.1% |
| Dividend StreakConsecutive years of raises | 2 | 1 |
| Dividend / ShareAnnual DPS | $0.67 | $0.86 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +12.1% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Apr 21 | Mar 26 | Change |
|---|---|---|---|
| Royalty Pharma plc (RPRX) | 100 | 109.88 | +9.9% |
| BlackRock Technolog… (BTX) | 102.65 | 32.74 | -68.1% |
Royalty Pharma plc (RPRX) returned +21% over 5 years vs BlackRock Technolog… (BTX)'s -46%. A $10,000 investment in RPRX 5 years ago would be worth $12,113 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Royalty Pharma plc (RPRX) | $1.6B | $2.4B | +48.8% |
| BlackRock Technolog… (BTX) | $-640M | $41M | +106.4% |
Royalty Pharma plc's revenue grew from $1.6B (2017) to $2.4B (2025) — a 5.1% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Royalty Pharma plc (RPRX) | 75.7% | 32.4% | -57.2% |
| BlackRock Technolog… (BTX) | 100.1% | 87.7% | -12.4% |
Royalty Pharma plc's net margin went from 76% (2017) to 32% (2025).
Chart 4P/E Ratio History — 6 Years
| Stock | 2020 | 2025 | Change |
|---|---|---|---|
| Royalty Pharma plc (RPRX) | 19.3 | 21.7 | +12.4% |
Royalty Pharma plc has traded in a 11x–404x P/E range over 6 years; current trailing P/E is ~27x.
Chart 5EPS Growth — 10 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Royalty Pharma plc (RPRX) | 1.99 | 1.78 | -10.7% |
| BlackRock Technolog… (BTX) | -2.58 | 0.17 | +106.6% |
Royalty Pharma plc's EPS grew from $1.99 (2017) to $1.78 (2025) — a -1% CAGR.
Chart 6Free Cash Flow — 5 Years
Royalty Pharma plc generated $2B FCF in 2025 (+23% vs 2021). BlackRock Technology and Private Equity Term Trust generated $277M FCF in 2024 (+106% vs 2021).
RPRX vs BTX: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is RPRX or BTX a better buy right now?
Royalty Pharma plc (RPRX) offers the better valuation at 26.6x trailing P/E (9.7x forward), making it the more compelling value choice. Analysts rate Royalty Pharma plc (RPRX) a "Buy" — based on 11 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 — RPRX or BTX?
On trailing P/E, Royalty Pharma plc (RPRX) is the cheapest at 26.6x versus BlackRock Technology and Private Equity Term Trust at 38.6x.
03Which is the better long-term investment — RPRX or BTX?
Over the past 5 years, Royalty Pharma plc (RPRX) delivered a total return of +21.1%, compared to -45.8% for BlackRock Technology and Private Equity Term Trust (BTX). A $10,000 investment in RPRX five years ago would be worth approximately $12K today (assuming dividends reinvested). Over 10 years, the gap is even starker: RPRX returned +16.3% versus BTX's -45.8%. 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 — RPRX or BTX?
By beta (market sensitivity over 5 years), Royalty Pharma plc (RPRX) is the lower-risk stock at 0.36β versus BlackRock Technology and Private Equity Term Trust's 1.16β — meaning BTX is approximately 225% more volatile than RPRX relative to the S&P 500.
05Which has better profit margins — RPRX or BTX?
BlackRock Technology and Private Equity Term Trust (BTX) is the more profitable company, earning 87.7% net margin versus 32.4% for Royalty Pharma plc — meaning it keeps 87.7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BTX leads at 87.7% versus 65.6% for RPRX. At the gross margin level — before operating expenses — RPRX leads at 100.0%, 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.
06Which pays a better dividend — RPRX or BTX?
All stocks in this comparison pay dividends. BlackRock Technology and Private Equity Term Trust (BTX) offers the highest yield at 13.1%, versus 1.4% for Royalty Pharma plc (RPRX).
07Is RPRX or BTX better for a retirement portfolio?
For long-horizon retirement investors, Royalty Pharma plc (RPRX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.36), 1.4% yield). Both have compounded well over 10 years (RPRX: +16.3%, BTX: -45.8%), 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.
08What are the main differences between RPRX and BTX?
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: RPRX is a small-cap quality compounder stock; BTX is a small-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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