Drug Manufacturers - General Stocks in the US
The 16 Drug Manufacturers - General companies we score in the US are Eli Lilly and Company ($1.2T, the largest), Johnson & Johnson, AbbVie Inc. and 13 more. 14 of the 16 companies we score beat S&P 500 on share price over recent months. Prices are as of 6 Nov 2026.
Drug Manufacturers - General: Johnson & Johnson owns the largest revenue base; Eli Lilly and Company has the fastest current growth.
The main question: the biggest companies are not always the ones changing the most.
Start with size. Then the direction of earnings. Then the quality of the business. A share price that leads means more once those three agree.
Which are the biggest Drug Manufacturers - General stocks in the US?
The largest Drug Manufacturers - General stocks in the US by market value are Eli Lilly and Company ($1.2T), Johnson & Johnson ($665.0B) and AbbVie Inc. ($515.2B), at prices of 6 Nov 2026.
- Eli Lilly and Company: $1,354.85 | market value $1.2T | P/E 37.4
- Johnson & Johnson: $276.24 | market value $665.0B | P/E 40.6
- AbbVie Inc.: $291.47 | market value $515.2B | P/E 44.9
- Merck & Co., Inc.: $146.83 | market value $362.0B | P/E 146.1
- Novartis AG: $162.69 | market value $306.9B | P/E 27.2
- AstraZeneca PLC: $186.45 | market value $288.1B | P/E 22.9
- Amgen Inc.: $460.12 | market value $248.9B | P/E 24.3
- Gilead Sciences, Inc.: $166.91 | market value $207.0B
- Pfizer Inc.: $29.39 | market value $167.5B | P/E 40.5
- Bristol-Myers Squibb Company: $62.20 | market value $127.1B | P/E 13.8
The other 6 Drug Manufacturers - General companies are in the full list below.
Share price | market value | P/E, biggest first. Prices and market values as of 6 Nov 2026; ratios as in the score list below.
Which are the Drug Manufacturers - General stocks, ranked?
Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 6 Nov 2026.
- 1Eli Lilly and CompanyLLY · $1.2T81.1of 100leading the industry · strongest on ROCE and ROCE improvement
- 2AbbVie Inc.ABBV · $515.2B69.7of 100favourable · strongest on ROCE and profit growth
- 3Amgen Inc.AMGN · $248.9B68.9of 100favourable · strongest on relative strength versus sector and PEG
- 4Bristol-Myers Squibb CompanyBMY · $127.1B64.2of 100mixed, leaning good · strongest on ROCE and PEG
- 5Gilead Sciences, Inc.GILD · $207.0B62.8of 100mixed, leaning good · strongest on ROCE and ROCE improvement
- 6SanofiSNY · $111.9B55.4of 100mixed, leaning good · strongest on PEG and ROCE improvement
- 7AstraZeneca PLCAZN · $288.1B52.9of 100mixed, leaning good · strongest on margin improvement and 13-week relative-strength change
- 8Organon & Co.OGN · $3.6B51.3of 100mixed, leaning good · strongest on PEG and relative strength versus sector
- 9Johnson & JohnsonJNJ · $665.0B48.5of 100mixed, leaning weak · strongest on ROCE and relative strength versus sector
- 10Novartis AGNVS · $306.9B47.9of 100mixed, leaning weak · strongest on ROCE and margin improvement
Which Drug Manufacturers - General companies are listed in the US?
The largest 15 of 16 listed US Drug Manufacturers - General companies are named here; all 16 are ranked in the scorecard. Every figure is equal-weighted across those companies and carries its own as-of date. One large company cannot set the reading.
- Eli Lilly and Company$1.2T
- Johnson & Johnson$665.0B
- AbbVie Inc.$515.2B
- Merck & Co., Inc.$362.0B
- Novartis AG$306.9B
- AstraZeneca PLC$288.1B
- Amgen Inc.$248.9B
- Gilead Sciences, Inc.$207.0B
- Pfizer Inc.$167.5B
- Bristol-Myers Squibb Company$127.1B
- Sanofi$111.9B
- GSK plc$101.1B
- Biogen Inc.$36.7B
- Grifols, S.A.$7.5B
- Organon & Co.$3.6B
The remaining 1 Drug Manufacturers - General company are named and ranked in the scorecard.
How many Drug Manufacturers - General companies are listed in the US?
17 Drug Manufacturers - General companies in the Drug Manufacturers - General industry group (every listed company) have a page on Sector Alpha, by market value as of 6 November 2026, and all 17 are listed below, largest first. The largest is Eli Lilly and Company ($1.21 trillion) and the smallest with a market value is Amarin Corporation plc.
| Company | Market value |
|---|---|
| 1. Eli Lilly and Company LLY | $1.21 trillion |
| 2. Johnson & Johnson JNJ | $665 billion |
| 3. AbbVie Inc. ABBV | $515.2 billion |
| 4. Merck & Co., Inc. MRK | $362 billion |
| 5. Novartis AG NVS | $306.9 billion |
| 6. AstraZeneca PLC AZN | $288.1 billion |
| 7. Amgen Inc. AMGN | $248.9 billion |
| 8. Gilead Sciences, Inc. GILD | $207 billion |
| 9. Novo Nordisk A/ | $177.2 billion |
| 10. Pfizer Inc. PFE | $167.5 billion |
| 11. Bristol-Myers Squibb Company BMY | $127.1 billion |
| 12. Sanofi SNY | $111.9 billion |
| 13. GSK plc GSK | $101.1 billion |
| 14. Biogen Inc. BIIB | $36.7 billion |
| 15. Grifols, S.A. GRFS | $7.5 billion |
| 16. Organon & Co. OGN | $3.6 billion |
| 17. Amarin Corporation plc AMRN | $245 million |
Download all 17 Drug Manufacturers - General companies (CSV)
How has Drug Manufacturers - General moved against S&P 500?
The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this industry is 3% ahead of S&P 500. Earnings across its companies grew 19% on average over the last four reported quarters.
13 of 17 companies ahead of S&P 500 by 5% or more over three months.
Ahead of S&P 500 on the three-month view for 3 weeks running; 14 of the 17 companies in the industry index above their 200-day average (5 more than four weeks earlier); 13 of those 17 ahead of S&P 500 by 5% or more over three months (7 more than four weeks earlier); earnings rising at 8 of the 15 that report earnings.
Ahead of S&P 500 for 3 weeks after being behind, with 6 → 13 of 17 participating. Earnings mixed, 8 of 15 members have higher trailing twelve-month earnings than a year ago.
1Y
Drug Manufacturers - General against S&P 500
Both lines start at 200 in the first week shown
- Drug Manufacturers - General 248
- S&P 500 219
| Week ending | Drug Manufacturers - General | S&P 500 |
|---|---|---|
| 14 Nov 2025 | 200 | 200 |
| 21 Nov 2025 | 201 | 196 |
| 28 Nov 2025 | 206 | 203 |
| 5 Dec 2025 | 203 | 204 |
| 12 Dec 2025 | 202 | 203 |
| 19 Dec 2025 | 202 | 203 |
| 26 Dec 2025 | 206 | 205 |
| 2 Jan 2026 | 205 | 203 |
| 9 Jan 2026 | 212 | 207 |
| 16 Jan 2026 | 210 | 206 |
| 23 Jan 2026 | 216 | 205 |
| 30 Jan 2026 | 216 | 206 |
| 6 Feb 2026 | 225 | 206 |
| 13 Feb 2026 | 225 | 203 |
| 20 Feb 2026 | 225 | 205 |
| 27 Feb 2026 | 223 | 204 |
| 6 Mar 2026 | 213 | 200 |
| 13 Mar 2026 | 210 | 197 |
| 20 Mar 2026 | 203 | 193 |
| 27 Mar 2026 | 205 | 189 |
| 3 Apr 2026 | 212 | 195 |
| 10 Apr 2026 | 215 | 202 |
| 17 Apr 2026 | 219 | 211 |
| 24 Apr 2026 | 214 | 213 |
| 1 May 2026 | 217 | 215 |
| 8 May 2026 | 216 | 220 |
| 15 May 2026 | 215 | 220 |
| 22 May 2026 | 222 | 222 |
| 29 May 2026 | 221 | 225 |
| 5 Jun 2026 | 221 | 220 |
| 12 Jun 2026 | 223 | 221 |
| 19 Jun 2026 | 217 | 222 |
| 26 Jun 2026 | 230 | 217 |
| 3 Jul 2026 | 234 | 222 |
| 10 Jul 2026 | 227 | 225 |
| 17 Jul 2026 | 229 | 221 |
| 24 Jul 2026 | 229 | 220 |
| 31 Jul 2026 | 230 | 222 |
| 7 Aug 2026 | 233 | 230 |
| 14 Aug 2026 | 232 | 231 |
| 21 Aug 2026 | 243 | 228 |
| 28 Aug 2026 | 238 | 229 |
| 4 Sep 2026 | 240 | 229 |
| 11 Sep 2026 | 230 | 227 |
| 18 Sep 2026 | 232 | 227 |
| 25 Sep 2026 | 233 | 230 |
| 2 Oct 2026 | 226 | 229 |
| 9 Oct 2026 | 229 | 232 |
| 16 Oct 2026 | 234 | 227 |
| 23 Oct 2026 | 238 | 226 |
| 30 Oct 2026 | 249 | 225 |
| 6 Nov 2026 | 248 | 219 |
3Y
Drug Manufacturers - General against S&P 500
Both lines start at 200 in the first week shown, every 2nd week shown
- Drug Manufacturers - General 287
- S&P 500 326
| Week ending | Drug Manufacturers - General | S&P 500 |
|---|---|---|
| 17 Nov 2023 | 200 | 200 |
| 24 Nov 2023 | 202 | 202 |
| 8 Dec 2023 | 203 | 204 |
| 22 Dec 2023 | 211 | 210 |
| 5 Jan 2024 | 222 | 208 |
| 19 Jan 2024 | 217 | 214 |
| 2 Feb 2024 | 220 | 219 |
| 16 Feb 2024 | 222 | 222 |
| 1 Mar 2024 | 221 | 228 |
| 15 Mar 2024 | 219 | 226 |
| 29 Mar 2024 | 224 | 232 |
| 12 Apr 2024 | 212 | 227 |
| 26 Apr 2024 | 214 | 225 |
| 10 May 2024 | 225 | 231 |
| 24 May 2024 | 225 | 235 |
| 7 Jun 2024 | 228 | 237 |
| 21 Jun 2024 | 228 | 242 |
| 5 Jul 2024 | 226 | 246 |
| 19 Jul 2024 | 233 | 244 |
| 2 Aug 2024 | 237 | 236 |
| 16 Aug 2024 | 237 | 246 |
| 30 Aug 2024 | 251 | 250 |
| 13 Sep 2024 | 246 | 249 |
| 27 Sep 2024 | 240 | 254 |
| 11 Oct 2024 | 237 | 257 |
| 25 Oct 2024 | 233 | 257 |
| 8 Nov 2024 | 228 | 265 |
| 22 Nov 2024 | 218 | 264 |
| 6 Dec 2024 | 217 | 270 |
| 20 Dec 2024 | 209 | 262 |
| 3 Jan 2025 | 211 | 263 |
| 17 Jan 2025 | 209 | 265 |
| 31 Jan 2025 | 217 | 267 |
| 14 Feb 2025 | 217 | 271 |
| 28 Feb 2025 | 231 | 264 |
| 14 Mar 2025 | 228 | 250 |
| 28 Mar 2025 | 222 | 247 |
| 11 Apr 2025 | 198 | 237 |
| 25 Apr 2025 | 206 | 244 |
| 9 May 2025 | 196 | 250 |
| 23 May 2025 | 203 | 257 |
| 6 Jun 2025 | 212 | 266 |
| 20 Jun 2025 | 208 | 264 |
| 4 Jul 2025 | 212 | 277 |
| 18 Jul 2025 | 209 | 278 |
| 1 Aug 2025 | 208 | 276 |
| 15 Aug 2025 | 216 | 285 |
| 29 Aug 2025 | 215 | 286 |
| 12 Sep 2025 | 217 | 292 |
| 26 Sep 2025 | 213 | 294 |
| 10 Oct 2025 | 225 | 290 |
| 24 Oct 2025 | 226 | 300 |
| 7 Nov 2025 | 220 | 298 |
| 21 Nov 2025 | 232 | 292 |
| 5 Dec 2025 | 235 | 304 |
| 19 Dec 2025 | 233 | 302 |
| 2 Jan 2026 | 237 | 303 |
| 16 Jan 2026 | 243 | 307 |
| 30 Jan 2026 | 250 | 307 |
| 13 Feb 2026 | 260 | 302 |
| 27 Feb 2026 | 257 | 304 |
| 13 Mar 2026 | 243 | 294 |
| 27 Mar 2026 | 237 | 281 |
| 10 Apr 2026 | 249 | 301 |
| 24 Apr 2026 | 247 | 317 |
| 8 May 2026 | 250 | 327 |
| 22 May 2026 | 257 | 331 |
| 5 Jun 2026 | 256 | 327 |
| 19 Jun 2026 | 251 | 331 |
| 3 Jul 2026 | 271 | 330 |
| 17 Jul 2026 | 264 | 330 |
| 31 Jul 2026 | 266 | 331 |
| 14 Aug 2026 | 268 | 344 |
| 28 Aug 2026 | 275 | 341 |
| 11 Sep 2026 | 266 | 339 |
| 25 Sep 2026 | 270 | 342 |
| 9 Oct 2026 | 265 | 345 |
| 23 Oct 2026 | 276 | 337 |
| 6 Nov 2026 | 287 | 326 |
5Y
Drug Manufacturers - General against S&P 500
Both lines start at 200 in the first week shown, every 4th week shown
- Drug Manufacturers - General 299
- S&P 500 314
| Week ending | Drug Manufacturers - General | S&P 500 |
|---|---|---|
| 19 Nov 2021 | 200 | 200 |
| 10 Dec 2021 | 196 | 201 |
| 7 Jan 2022 | 206 | 199 |
| 4 Feb 2022 | 204 | 191 |
| 4 Mar 2022 | 205 | 184 |
| 1 Apr 2022 | 216 | 193 |
| 29 Apr 2022 | 213 | 176 |
| 27 May 2022 | 225 | 177 |
| 24 Jun 2022 | 221 | 166 |
| 22 Jul 2022 | 211 | 169 |
| 19 Aug 2022 | 203 | 180 |
| 16 Sep 2022 | 194 | 164 |
| 14 Oct 2022 | 192 | 153 |
| 11 Nov 2022 | 212 | 170 |
| 9 Dec 2022 | 226 | 168 |
| 6 Jan 2023 | 230 | 166 |
| 3 Feb 2023 | 219 | 176 |
| 3 Mar 2023 | 213 | 172 |
| 31 Mar 2023 | 218 | 175 |
| 28 Apr 2023 | 225 | 177 |
| 26 May 2023 | 217 | 179 |
| 23 Jun 2023 | 222 | 185 |
| 21 Jul 2023 | 227 | 193 |
| 18 Aug 2023 | 229 | 186 |
| 15 Sep 2023 | 227 | 189 |
| 13 Oct 2023 | 224 | 184 |
| 10 Nov 2023 | 206 | 188 |
| 8 Dec 2023 | 212 | 196 |
| 5 Jan 2024 | 231 | 200 |
| 2 Feb 2024 | 230 | 211 |
| 1 Mar 2024 | 230 | 219 |
| 29 Mar 2024 | 234 | 223 |
| 26 Apr 2024 | 223 | 217 |
| 24 May 2024 | 235 | 226 |
| 21 Jun 2024 | 238 | 232 |
| 19 Jul 2024 | 243 | 234 |
| 16 Aug 2024 | 248 | 236 |
| 13 Sep 2024 | 257 | 240 |
| 11 Oct 2024 | 248 | 247 |
| 8 Nov 2024 | 238 | 255 |
| 6 Dec 2024 | 227 | 259 |
| 3 Jan 2025 | 221 | 253 |
| 31 Jan 2025 | 227 | 257 |
| 28 Feb 2025 | 241 | 253 |
| 28 Mar 2025 | 232 | 237 |
| 25 Apr 2025 | 215 | 235 |
| 23 May 2025 | 212 | 247 |
| 20 Jun 2025 | 217 | 253 |
| 18 Jul 2025 | 218 | 268 |
| 15 Aug 2025 | 226 | 274 |
| 12 Sep 2025 | 226 | 280 |
| 10 Oct 2025 | 235 | 279 |
| 7 Nov 2025 | 229 | 286 |
| 5 Dec 2025 | 245 | 292 |
| 2 Jan 2026 | 248 | 291 |
| 30 Jan 2026 | 261 | 295 |
| 27 Feb 2026 | 269 | 293 |
| 27 Mar 2026 | 247 | 270 |
| 24 Apr 2026 | 258 | 305 |
| 22 May 2026 | 268 | 318 |
| 19 Jun 2026 | 262 | 319 |
| 17 Jul 2026 | 276 | 317 |
| 14 Aug 2026 | 280 | 331 |
| 11 Sep 2026 | 277 | 326 |
| 9 Oct 2026 | 277 | 332 |
| 6 Nov 2026 | 299 | 314 |
Earnings, each company rebased to 100, the sector takes the median
Latest quarter July to September 2026: 66.5, from 13 companies
| Quarter | Median earnings index |
|---|---|
| Jan 2022 | 100.0 (12 companies) |
| Apr 2022 | 100.6 (14 companies) |
| Jul 2022 | 107.6 (12 companies) |
| Oct 2022 | 115.8 (14 companies) |
| Jan 2023 | 123.9 (11 companies) |
| Apr 2023 | 122.6 (14 companies) |
| Jul 2023 | 92.4 (13 companies) |
| Oct 2023 | 81.7 (15 companies) |
| Jan 2024 | 68.8 (13 companies) |
| Apr 2024 | 74.7 (14 companies) |
| Jul 2024 | 78.7 (13 companies) |
| Oct 2024 | 69.7 (14 companies) |
| Jan 2025 | 98.9 (12 companies) |
| Apr 2025 | 107.0 (13 companies) |
| Jul 2025 | 112.2 (11 companies) |
| Oct 2025 | 130.3 (13 companies) |
| Jan 2026 | 95.4 (13 companies) |
| Apr 2026 | 64.6 (14 companies) |
| Jul 2026 | 66.5 (13 companies) |
Both lines start at 200 in the same week, so the gap between them tells the story: the industry line is an equal-weighted index of its 17 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the industry taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover or tap any point to read both values and the gap.
Is Drug Manufacturers - General outperforming S&P 500?
Drug Manufacturers - General has done better than the S&P 500 by 19% over the last 52 weeks. Over 13 weeks the gap is a lead of 12%. Organon & Co. is the strongest against the sector itself at +14.9%.
What is the bottom line on Drug Manufacturers - General?
Drug Manufacturers - General has done better than the S&P 500 by 19% over 52 weeks and by 12% over 13 weeks. 14 of 16 companies we track are beating the S&P 500 on relative strength (how a share price has done against the index over recent months), and 8 of 16 are ahead of the industry itself.
How does each Drug Manufacturers - General stock score?
A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.
Eli Lilly and Company has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 85.3% evidence confidence.
Organon & Co. scores well on valuation against its peers or its own history, but its earnings have not yet improved enough to back that up.
- 1Eli Lilly and CompanyLLY · turning · leading the industry · 85% evidence81.1out of 100
How the score adds up
Growth & earnings 32.2/35 · Revenue 45.5% · PAT 49.8% · OPM change 6.1 pp · 95% evidenceCapital efficiency 21.1/25 · ROCE 43.5% · OPM 53.7% · 76% evidenceValuation 12.1/20 · P/E 37.4× · PEG 0.74 · 65% evidenceRelative strength 15.7/20 · RS sector 10.8% · RS bench 21.4% · 1Y 46.6% · 100% evidence · 3 of 12 weeks aheadExact sum: 32.2 + 21.1 + 12.1 + 15.7 = 81.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. - 2AbbVie Inc.ABBV · breaking out · favourable · 85% evidence69.7out of 100
How the score adds up
Growth & earnings 28.6/35 · Revenue 10.7% · PAT 100% · OPM change 4.1 pp · 95% evidenceCapital efficiency 19.4/25 · ROCE 23.1% · OPM 39.6% · 76% evidenceValuation 4.4/20 · P/E 44.9× · PEG 2.67 · 65% evidenceRelative strength 17.3/20 · RS sector 10% · RS bench 20.5% · 1Y 33% · 100% evidence · 10 of 12 weeks aheadExact sum: 28.6 + 19.4 + 4.4 + 17.3 = 69.7 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. - 3Amgen Inc.AMGN · leader · favourable · 85% evidence68.9out of 100
How the score adds up
Growth & earnings 24.9/35 · Revenue 8.2% · PAT 34.1% · OPM change 1.6 pp · 95% evidenceCapital efficiency 15.2/25 · ROCE 18.1% · OPM 35.8% · 76% evidenceValuation 12.9/20 · P/E 24.3× · PEG 0.73 · 65% evidenceRelative strength 15.9/20 · RS sector 11.4% · RS bench 22% · 1Y 43.7% · 100% evidence · 10 of 12 weeks aheadExact sum: 24.9 + 15.2 + 12.9 + 15.9 = 68.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. - 4Bristol-Myers Squibb CompanyBMY · turning · mixed, leaning good · 85% evidence64.2out of 100
How the score adds up
Growth & earnings 25.2/35 · Revenue 4.2% · PAT 53.1% · OPM change 2.2 pp · 95% evidenceCapital efficiency 18.9/25 · ROCE 23.1% · OPM 33.8% · 76% evidenceValuation 15.5/20 · P/E 13.8× · PEG 0.26 · 65% evidenceRelative strength 4.6/20 · RS sector −5.3% · RS bench 3.7% · 1Y 33.2% · 100% evidence · 5 of 12 weeks aheadExact sum: 25.2 + 18.9 + 15.5 + 4.6 = 64.2 · What this means: Earnings are strong; relative strength in its sector is −5.3% and the one-year return is 33.2%. - 5Gilead Sciences, Inc.GILD · leader · mixed, leaning good · 75% evidence62.8out of 100
How the score adds up
Growth & earnings 14.9/35 · Revenue 6.5% · PAT −147.6% · OPM change −2.8 pp · 95% evidenceCapital efficiency 19.4/25 · ROCE 30.1% · OPM 42.4% · 76% evidenceValuation 11.5/20 · P/E −47.8× · PEG — · 15% evidenceRelative strength 17.0/20 · RS sector 8.3% · RS bench 18.5% · 1Y 40.4% · 100% evidence · 12 of 12 weeks aheadExact sum: 14.9 + 19.4 + 11.5 + 17 = 62.8 · What this means: Relative strength against the index is 18.5%, and revenue and profit growth are weak. - 6SanofiSNY · turning · mixed, leaning good · 68% evidence55.4out of 100
How the score adds up
Growth & earnings 21.9/35 · Revenue — · PAT — · OPM change 2.2 pp · 45% evidenceCapital efficiency 10.6/25 · ROCE 11.2% · OPM 30.9% · 76% evidenceValuation 14.5/20 · P/E 20.8× · PEG 0.33 · 65% evidenceRelative strength 8.4/20 · RS sector −7.9% · RS bench 1% · 1Y −5.3% · 100% evidence · 1 of 12 weeks aheadExact sum: 21.9 + 10.6 + 14.5 + 8.4 = 55.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. - 7AstraZeneca PLCAZN · turning · mixed, leaning good · 85% evidence52.9out of 100
How the score adds up
Growth & earnings 20.7/35 · Revenue 7.3% · PAT 17.4% · OPM change 6 pp · 95% evidenceCapital efficiency 14.2/25 · ROCE 18.1% · OPM 29.6% · 76% evidenceValuation 10.4/20 · P/E 22.9× · PEG 1.33 · 65% evidenceRelative strength 7.6/20 · RS sector −8.5% · RS bench 0.2% · 1Y 12.2% · 100% evidence · 2 of 12 weeks aheadExact sum: 20.7 + 14.2 + 10.4 + 7.6 = 52.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. - 8Organon & Co.OGN · turning · mixed, leaning good · 85% evidence51.3out of 100
How the score adds up
Growth & earnings 10.6/35 · Revenue −3.2% · PAT −57.5% · OPM change 0.1 pp · 95% evidenceCapital efficiency 10.7/25 · ROCE 11.2% · OPM 23.2% · 76% evidenceValuation 15.5/20 · P/E 16.9× · PEG 0.17 · 65% evidenceRelative strength 14.5/20 · RS sector 14.9% · RS bench 26.3% · 1Y 104.6% · 100% evidence · 1 of 12 weeks aheadExact sum: 10.6 + 10.7 + 15.5 + 14.5 = 51.3 · What this means: Relative strength against the index is 26.3%, and revenue and profit growth are weak. - 9Johnson & JohnsonJNJ · turning · mixed, leaning weak · 75% evidence48.5out of 100
How the score adds up
Growth & earnings 14.5/35 · Revenue 7.8% · PAT −35.9% · OPM change −4.5 pp · 95% evidenceCapital efficiency 14.8/25 · ROCE 18.6% · OPM 25.7% · 76% evidenceValuation 8.9/20 · P/E 40.6× · PEG — · 15% evidenceRelative strength 10.3/20 · RS sector 2.7% · RS bench 12.5% · 1Y 48.1% · 100% evidence · 7 of 12 weeks aheadExact sum: 14.5 + 14.8 + 8.9 + 10.3 = 48.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. - 10Novartis AGNVS · turning · mixed, leaning weak · 85% evidence47.9out of 100
How the score adds up
Growth & earnings 13.8/35 · Revenue 1.8% · PAT −30.4% · OPM change 3.4 pp · 95% evidenceCapital efficiency 19.0/25 · ROCE 21.6% · OPM 34.3% · 76% evidenceValuation 6.6/20 · P/E 27.2× · PEG 2.3 · 65% evidenceRelative strength 8.5/20 · RS sector −2.7% · RS bench 6.6% · 1Y 28.8% · 100% evidence · 1 of 12 weeks aheadExact sum: 13.8 + 19 + 6.6 + 8.5 = 47.9 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. - 11GSK plcGSK · quiet · mixed, leaning weak · 85% evidence44.0out of 100
- 12Biogen Inc.BIIB · breaking out · mixed, leaning weak · 85% evidence44.0out of 100
- 13Merck & Co., Inc.MRK · leader · mixed, leaning weak · 85% evidence42.4out of 100
- 14Grifols, S.A.GRFS · turning · mixed, leaning weak · 71% evidence41.3out of 100
- 15Pfizer Inc.PFE · leader · mixed, leaning weak · 75% evidence39.9out of 100
- 16Amarin Corporation plcAMRN · basing · weak · 67% evidence24.9out of 100
How this score is built, and what the marks mean
Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.
How have Drug Manufacturers - General share prices moved?
Organon & Co. has the strongest one-year price move in Drug Manufacturers - General at +104.6%. It also leads on relative strength against the S&P 500, at +26.3%. 14 of 16 companies we track are ahead of the index on that measure. Every line covers 313 weekly closes through 6 November 2026.
Price and relative strength
Price · same starting point: Every company, the sector's own index and S&P 500 all start level on the left edge of the window, so only the distance between the lines counts: the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.
RS vs S&P 500: How far ahead of or behind S&P 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS S&P 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.
RS vs sector: The same measure taken against Drug Manufacturers - General itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.
1Y
Price of the 5 strongest one-year movers, each started at 100
52 weekly closes
- Organon & Co. 184
- Merck & Co., Inc. 158
- Biogen Inc. 148
- Johnson & Johnson 141
- Eli Lilly and Company 132
- S&P 500 109
| Week ending | Organon & Co. | Merck & Co., Inc. | Biogen Inc. | Johnson & Johnson | Eli Lilly and Company | S&P 500 |
|---|---|---|---|---|---|---|
| 14 Nov 2025 | 100 | 100 | 100 | 100 | 100 | 100 |
| 21 Nov 2025 | 96 | 105 | 105 | 104 | 103 | 98 |
| 28 Nov 2025 | 102 | 113 | 109 | 106 | 105 | 102 |
| 5 Dec 2025 | 95 | 107 | 108 | 103 | 99 | 102 |
| 12 Dec 2025 | 95 | 108 | 104 | 108 | 100 | 102 |
| 19 Dec 2025 | 91 | 109 | 104 | 105 | 105 | 101 |
| 26 Dec 2025 | 95 | 115 | 106 | 106 | 105 | 103 |
| 2 Jan 2026 | 96 | 115 | 106 | 106 | 105 | 102 |
| 9 Jan 2026 | 107 | 119 | 112 | 104 | 104 | 103 |
| 16 Jan 2026 | 116 | 117 | 98 | 112 | 101 | 103 |
| 23 Jan 2026 | 130 | 116 | 102 | 112 | 104 | 103 |
| 30 Jan 2026 | 113 | 119 | 107 | 116 | 101 | 103 |
| 6 Feb 2026 | 109 | 131 | 120 | 123 | 103 | 103 |
| 13 Feb 2026 | 98 | 131 | 117 | 124 | 101 | 102 |
| 20 Feb 2026 | 108 | 132 | 115 | 124 | 99 | 103 |
| 27 Feb 2026 | 97 | 133 | 115 | 127 | 103 | 102 |
| 6 Mar 2026 | 87 | 125 | 110 | 123 | 97 | 100 |
| 13 Mar 2026 | 84 | 124 | 108 | 123 | 96 | 99 |
| 20 Mar 2026 | 80 | 123 | 108 | 120 | 88 | 97 |
| 27 Mar 2026 | 78 | 129 | 110 | 123 | 86 | 94 |
| 3 Apr 2026 | 85 | 130 | 106 | 124 | 91 | 98 |
| 10 Apr 2026 | 117 | 131 | 103 | 122 | 92 | 101 |
| 17 Apr 2026 | 130 | 128 | 106 | 120 | 90 | 106 |
| 24 Apr 2026 | 150 | 120 | 110 | 116 | 86 | 106 |
| 1 May 2026 | 177 | 121 | 112 | 116 | 94 | 107 |
| 8 May 2026 | 177 | 120 | 116 | 113 | 93 | 110 |
| 15 May 2026 | 178 | 120 | 115 | 116 | 98 | 110 |
| 22 May 2026 | 178 | 132 | 116 | 120 | 104 | 111 |
| 29 May 2026 | 177 | 128 | 117 | 115 | 108 | 113 |
| 5 Jun 2026 | 177 | 130 | 117 | 119 | 110 | 110 |
| 12 Jun 2026 | 179 | 128 | 119 | 123 | 111 | 110 |
| 19 Jun 2026 | 178 | 123 | 117 | 117 | 107 | 111 |
| 26 Jun 2026 | 179 | 139 | 129 | 130 | 118 | 109 |
| 3 Jul 2026 | 180 | 139 | 129 | 134 | 118 | 111 |
| 10 Jul 2026 | 180 | 133 | 119 | 131 | 116 | 112 |
| 17 Jul 2026 | 180 | 137 | 123 | 129 | 115 | 111 |
| 24 Jul 2026 | 180 | 141 | 121 | 134 | 117 | 110 |
| 31 Jul 2026 | 180 | 140 | 121 | 131 | 112 | 111 |
| 7 Aug 2026 | 181 | 138 | 124 | 132 | 116 | 115 |
| 14 Aug 2026 | 182 | 146 | 125 | 133 | 115 | 116 |
| 21 Aug 2026 | 183 | 164 | 129 | 138 | 122 | 114 |
| 28 Aug 2026 | 183 | 160 | 130 | 137 | 115 | 115 |
| 4 Sep 2026 | 183 | 162 | 132 | 141 | 112 | 115 |
| 11 Sep 2026 | 181 | 155 | 130 | 136 | 109 | 114 |
| 18 Sep 2026 | 182 | 158 | 129 | 138 | 113 | 113 |
| 25 Sep 2026 | 182 | 160 | 136 | 138 | 115 | 115 |
| 2 Oct 2026 | 182 | 155 | 131 | 131 | 112 | 115 |
| 9 Oct 2026 | 183 | 157 | 135 | 133 | 115 | 116 |
| 16 Oct 2026 | 183 | 157 | 139 | 130 | 123 | 114 |
| 23 Oct 2026 | 183 | 156 | 150 | 135 | 124 | 113 |
| 30 Oct 2026 | 184 | 161 | 151 | 139 | 138 | 113 |
| 6 Nov 2026 | 184 | 158 | 148 | 141 | 132 | 109 |
3Y
Price of the 5 strongest one-year movers, each started at 100
156 weekly closes, every 2nd shown
- Organon & Co. 123
- Merck & Co., Inc. 144
- Biogen Inc. 109
- Johnson & Johnson 184
- Eli Lilly and Company 229
- S&P 500 163
| Week ending | Organon & Co. | Merck & Co., Inc. | Biogen Inc. | Johnson & Johnson | Eli Lilly and Company | S&P 500 |
|---|---|---|---|---|---|---|
| 17 Nov 2023 | 100 | 100 | 100 | 100 | 100 | 100 |
| 24 Nov 2023 | 100 | 100 | 102 | 102 | 102 | 101 |
| 8 Dec 2023 | 97 | 102 | 105 | 103 | 101 | 102 |
| 22 Dec 2023 | 123 | 106 | 113 | 104 | 96 | 105 |
| 5 Jan 2024 | 127 | 115 | 113 | 108 | 105 | 104 |
| 19 Jan 2024 | 137 | 117 | 110 | 108 | 106 | 107 |
| 2 Feb 2024 | 147 | 124 | 107 | 105 | 113 | 110 |
| 16 Feb 2024 | 165 | 126 | 96 | 105 | 132 | 111 |
| 1 Mar 2024 | 155 | 125 | 97 | 108 | 132 | 114 |
| 15 Mar 2024 | 162 | 119 | 96 | 106 | 128 | 113 |
| 29 Mar 2024 | 166 | 130 | 95 | 106 | 132 | 116 |
| 12 Apr 2024 | 154 | 124 | 87 | 99 | 127 | 113 |
| 26 Apr 2024 | 164 | 129 | 92 | 98 | 124 | 113 |
| 10 May 2024 | 181 | 128 | 97 | 100 | 128 | 116 |
| 24 May 2024 | 186 | 127 | 96 | 98 | 137 | 117 |
| 7 Jun 2024 | 184 | 128 | 99 | 98 | 144 | 119 |
| 21 Jun 2024 | 184 | 129 | 98 | 99 | 149 | 121 |
| 5 Jul 2024 | 178 | 124 | 99 | 98 | 155 | 123 |
| 19 Jul 2024 | 186 | 124 | 99 | 103 | 145 | 122 |
| 2 Aug 2024 | 185 | 113 | 90 | 110 | 136 | 118 |
| 16 Aug 2024 | 180 | 112 | 89 | 106 | 156 | 123 |
| 30 Aug 2024 | 198 | 116 | 90 | 111 | 162 | 125 |
| 13 Sep 2024 | 181 | 114 | 86 | 111 | 156 | 125 |
| 27 Sep 2024 | 170 | 112 | 85 | 108 | 148 | 127 |
| 11 Oct 2024 | 159 | 108 | 83 | 108 | 158 | 129 |
| 25 Oct 2024 | 152 | 102 | 80 | 107 | 151 | 129 |
| 8 Nov 2024 | 142 | 101 | 76 | 104 | 141 | 133 |
| 22 Nov 2024 | 135 | 98 | 69 | 104 | 126 | 132 |
| 6 Dec 2024 | 134 | 101 | 69 | 100 | 140 | 135 |
| 20 Dec 2024 | 129 | 96 | 64 | 96 | 130 | 131 |
| 3 Jan 2025 | 137 | 97 | 67 | 96 | 132 | 131 |
| 17 Jan 2025 | 139 | 96 | 62 | 98 | 123 | 133 |
| 31 Jan 2025 | 138 | 97 | 63 | 102 | 137 | 134 |
| 14 Feb 2025 | 135 | 82 | 60 | 104 | 143 | 135 |
| 28 Feb 2025 | 132 | 91 | 62 | 110 | 156 | 132 |
| 14 Mar 2025 | 135 | 93 | 61 | 109 | 138 | 125 |
| 28 Mar 2025 | 128 | 88 | 61 | 109 | 139 | 123 |
| 11 Apr 2025 | 99 | 78 | 51 | 101 | 124 | 118 |
| 25 Apr 2025 | 108 | 81 | 52 | 103 | 150 | 122 |
| 9 May 2025 | 77 | 75 | 52 | 103 | 124 | 125 |
| 23 May 2025 | 77 | 76 | 55 | 102 | 121 | 129 |
| 6 Jun 2025 | 85 | 78 | 58 | 104 | 130 | 133 |
| 20 Jun 2025 | 86 | 78 | 56 | 100 | 129 | 132 |
| 4 Jul 2025 | 88 | 80 | 58 | 104 | 132 | 139 |
| 18 Jul 2025 | 84 | 79 | 55 | 109 | 130 | 139 |
| 1 Aug 2025 | 86 | 78 | 58 | 112 | 129 | 138 |
| 15 Aug 2025 | 84 | 83 | 61 | 118 | 119 | 143 |
| 29 Aug 2025 | 83 | 83 | 58 | 118 | 124 | 143 |
| 12 Sep 2025 | 94 | 81 | 64 | 119 | 128 | 146 |
| 26 Sep 2025 | 90 | 77 | 60 | 120 | 122 | 147 |
| 10 Oct 2025 | 85 | 85 | 64 | 127 | 141 | 145 |
| 24 Oct 2025 | 81 | 86 | 66 | 127 | 140 | 150 |
| 7 Nov 2025 | 60 | 85 | 68 | 125 | 156 | 149 |
| 21 Nov 2025 | 64 | 96 | 77 | 136 | 179 | 146 |
| 5 Dec 2025 | 63 | 98 | 80 | 135 | 171 | 152 |
| 19 Dec 2025 | 60 | 99 | 77 | 138 | 181 | 151 |
| 2 Jan 2026 | 64 | 105 | 78 | 138 | 183 | 152 |
| 16 Jan 2026 | 78 | 107 | 72 | 146 | 176 | 153 |
| 30 Jan 2026 | 76 | 108 | 79 | 152 | 175 | 154 |
| 13 Feb 2026 | 65 | 119 | 86 | 163 | 176 | 151 |
| 27 Feb 2026 | 65 | 122 | 84 | 166 | 178 | 152 |
| 13 Mar 2026 | 56 | 114 | 80 | 161 | 167 | 147 |
| 27 Mar 2026 | 52 | 118 | 81 | 161 | 148 | 141 |
| 10 Apr 2026 | 78 | 119 | 76 | 159 | 159 | 151 |
| 24 Apr 2026 | 100 | 110 | 81 | 152 | 149 | 158 |
| 8 May 2026 | 118 | 110 | 85 | 148 | 160 | 164 |
| 22 May 2026 | 119 | 120 | 85 | 156 | 180 | 165 |
| 5 Jun 2026 | 118 | 119 | 86 | 155 | 191 | 164 |
| 19 Jun 2026 | 119 | 112 | 86 | 153 | 186 | 166 |
| 3 Jul 2026 | 120 | 127 | 95 | 176 | 205 | 165 |
| 17 Jul 2026 | 120 | 125 | 90 | 169 | 199 | 165 |
| 31 Jul 2026 | 120 | 128 | 89 | 171 | 194 | 166 |
| 14 Aug 2026 | 121 | 134 | 92 | 174 | 199 | 172 |
| 28 Aug 2026 | 122 | 146 | 96 | 179 | 199 | 171 |
| 11 Sep 2026 | 121 | 142 | 95 | 177 | 189 | 170 |
| 25 Sep 2026 | 121 | 146 | 100 | 181 | 200 | 171 |
| 9 Oct 2026 | 122 | 143 | 99 | 175 | 199 | 173 |
| 23 Oct 2026 | 122 | 143 | 110 | 176 | 215 | 169 |
| 6 Nov 2026 | 123 | 144 | 109 | 184 | 229 | 163 |
5Y
Price of the 5 strongest one-year movers, each started at 100
260 weekly closes, every 4th shown
- Organon & Co. 44
- Merck & Co., Inc. 182
- Biogen Inc. 97
- Johnson & Johnson 170
- Eli Lilly and Company 520
- S&P 500 157
| Week ending | Organon & Co. | Merck & Co., Inc. | Biogen Inc. | Johnson & Johnson | Eli Lilly and Company | S&P 500 |
|---|---|---|---|---|---|---|
| 19 Nov 2021 | 100 | 100 | 100 | 100 | 100 | 100 |
| 10 Dec 2021 | 92 | 90 | 90 | 102 | 94 | 100 |
| 7 Jan 2022 | 104 | 100 | 90 | 107 | 100 | 99 |
| 4 Feb 2022 | 106 | 97 | 86 | 105 | 93 | 96 |
| 4 Mar 2022 | 124 | 96 | 81 | 104 | 101 | 92 |
| 1 Apr 2022 | 113 | 104 | 82 | 109 | 112 | 97 |
| 29 Apr 2022 | 104 | 110 | 81 | 111 | 112 | 88 |
| 27 May 2022 | 125 | 115 | 80 | 111 | 124 | 89 |
| 24 Jun 2022 | 115 | 115 | 82 | 112 | 125 | 83 |
| 22 Jul 2022 | 102 | 112 | 80 | 106 | 126 | 84 |
| 19 Aug 2022 | 98 | 114 | 83 | 104 | 124 | 90 |
| 16 Sep 2022 | 92 | 109 | 81 | 103 | 119 | 82 |
| 14 Oct 2022 | 75 | 114 | 103 | 101 | 127 | 76 |
| 11 Nov 2022 | 81 | 121 | 113 | 104 | 135 | 85 |
| 9 Dec 2022 | 87 | 135 | 111 | 108 | 139 | 84 |
| 6 Jan 2023 | 93 | 142 | 109 | 111 | 139 | 83 |
| 3 Feb 2023 | 95 | 128 | 110 | 101 | 130 | 88 |
| 3 Mar 2023 | 79 | 132 | 105 | 95 | 122 | 86 |
| 31 Mar 2023 | 75 | 132 | 108 | 95 | 132 | 87 |
| 28 Apr 2023 | 79 | 143 | 118 | 101 | 152 | 89 |
| 26 May 2023 | 63 | 138 | 116 | 95 | 163 | 90 |
| 23 Jun 2023 | 65 | 142 | 111 | 102 | 176 | 92 |
| 21 Jul 2023 | 68 | 137 | 108 | 105 | 177 | 96 |
| 18 Aug 2023 | 72 | 135 | 102 | 106 | 210 | 93 |
| 15 Sep 2023 | 63 | 133 | 99 | 99 | 221 | 95 |
| 13 Oct 2023 | 55 | 129 | 102 | 96 | 234 | 92 |
| 10 Nov 2023 | 36 | 126 | 87 | 90 | 229 | 94 |
| 8 Dec 2023 | 35 | 129 | 93 | 95 | 229 | 98 |
| 5 Jan 2024 | 46 | 145 | 100 | 99 | 237 | 100 |
| 2 Feb 2024 | 53 | 157 | 95 | 96 | 256 | 105 |
| 1 Mar 2024 | 56 | 157 | 86 | 100 | 300 | 109 |
| 29 Mar 2024 | 60 | 164 | 84 | 97 | 298 | 112 |
| 26 Apr 2024 | 59 | 163 | 81 | 90 | 281 | 108 |
| 24 May 2024 | 67 | 161 | 85 | 90 | 310 | 113 |
| 21 Jun 2024 | 67 | 162 | 87 | 91 | 339 | 116 |
| 19 Jul 2024 | 67 | 156 | 88 | 95 | 329 | 117 |
| 16 Aug 2024 | 65 | 141 | 79 | 98 | 354 | 118 |
| 13 Sep 2024 | 66 | 144 | 76 | 102 | 354 | 120 |
| 11 Oct 2024 | 58 | 136 | 73 | 99 | 358 | 124 |
| 8 Nov 2024 | 51 | 128 | 67 | 95 | 319 | 128 |
| 6 Dec 2024 | 48 | 128 | 61 | 92 | 317 | 130 |
| 3 Jan 2025 | 49 | 123 | 59 | 89 | 300 | 126 |
| 31 Jan 2025 | 50 | 123 | 56 | 93 | 311 | 128 |
| 28 Feb 2025 | 48 | 114 | 55 | 101 | 353 | 127 |
| 28 Mar 2025 | 46 | 111 | 54 | 101 | 316 | 119 |
| 25 Apr 2025 | 39 | 103 | 46 | 95 | 339 | 117 |
| 23 May 2025 | 28 | 96 | 49 | 94 | 274 | 124 |
| 20 Jun 2025 | 31 | 98 | 49 | 92 | 293 | 127 |
| 18 Jul 2025 | 30 | 99 | 49 | 101 | 296 | 134 |
| 15 Aug 2025 | 30 | 104 | 54 | 108 | 269 | 137 |
| 12 Sep 2025 | 34 | 103 | 56 | 109 | 290 | 140 |
| 10 Oct 2025 | 31 | 107 | 57 | 117 | 320 | 139 |
| 7 Nov 2025 | 22 | 107 | 61 | 115 | 355 | 143 |
| 5 Dec 2025 | 23 | 124 | 71 | 124 | 388 | 146 |
| 2 Jan 2026 | 23 | 132 | 69 | 127 | 414 | 146 |
| 30 Jan 2026 | 27 | 137 | 70 | 140 | 398 | 148 |
| 27 Feb 2026 | 23 | 153 | 75 | 153 | 404 | 146 |
| 27 Mar 2026 | 19 | 148 | 72 | 148 | 337 | 135 |
| 24 Apr 2026 | 36 | 139 | 72 | 140 | 339 | 152 |
| 22 May 2026 | 43 | 152 | 75 | 144 | 409 | 159 |
| 19 Jun 2026 | 43 | 141 | 76 | 140 | 421 | 159 |
| 17 Jul 2026 | 43 | 158 | 80 | 155 | 452 | 159 |
| 14 Aug 2026 | 44 | 168 | 82 | 160 | 453 | 166 |
| 11 Sep 2026 | 44 | 178 | 84 | 163 | 428 | 163 |
| 9 Oct 2026 | 44 | 180 | 88 | 161 | 452 | 166 |
| 6 Nov 2026 | 44 | 182 | 97 | 170 | 520 | 157 |
The companies with the strongest one-year price moves are drawn. The S&P 500 line is dashed.
Biggest one-year moves
- 1Organon & Co.OGN · $3.6B+104.6%1 year
- 2Merck & Co., Inc.MRK · $362.0B+70.2%1 year
- 3Biogen Inc.BIIB · $36.7B+59.8%1 year
- 4Johnson & JohnsonJNJ · $665.0B+48.1%1 year
- 5Eli Lilly and CompanyLLY · $1.2T+46.6%1 year
Strongest against S&P 500
- 1Organon & Co.OGN · $3.6B+26.3%vs S&P 500
- 2Biogen Inc.BIIB · $36.7B+22.9%vs S&P 500
- 3Amgen Inc.AMGN · $248.9B+22.0%vs S&P 500
- 4Eli Lilly and CompanyLLY · $1.2T+21.4%vs S&P 500
- 5AbbVie Inc.ABBV · $515.2B+20.5%vs S&P 500
Strongest against the sector itself
- 1Organon & Co.OGN · $3.6B+14.9%vs sector
- 2Biogen Inc.BIIB · $36.7B+12.2%vs sector
- 3Amgen Inc.AMGN · $248.9B+11.4%vs sector
- 4Eli Lilly and CompanyLLY · $1.2T+10.8%vs sector
- 5AbbVie Inc.ABBV · $515.2B+10.0%vs sector
Which Drug Manufacturers - General companies have the most revenue, and which grow fastest?
Johnson & Johnson has the highest Revenue among the 16 Drug Manufacturers - General companies compared here, at $99,335 million. Eli Lilly and Company is next at $86,462 million. Eli Lilly and Company has the highest Revenue growth at 45.5%, so level and change sit with different companies. Its Revenue series carries 18 reported observations across the 20-quarter window.
What the numbers say: Johnson & Johnson is the largest at $99,335 million, 14.9% ahead of Eli Lilly and Company. Fast growth from a smaller base is not yet the same as proven size.
What this means: Johnson & Johnson is the size to compare against; Eli Lilly and Company is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.
This conclusion weakens if: Johnson & Johnson's growth falls below Eli Lilly and Company's for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenue · company comparison
Revenue, by reported quarter
- Johnson & Johnson $25.4B
- Eli Lilly and Company $24.4B
- Merck & Co., Inc. $18.1B
- AbbVie Inc. $17.4B
- Pfizer Inc. $16.6B
| Quarter | Johnson & Johnson | Eli Lilly and Company | Merck & Co., Inc. | AbbVie Inc. | Pfizer Inc. |
|---|---|---|---|---|---|
| Dec 2021 | $23.3B | $8.0B | $13.5B | $14.9B | $24.0B |
| Mar 2022 | $24.8B | $7.8B | $15.9B | $13.5B | — |
| Jun 2022 | $23.4B | $6.5B | $14.6B | $14.6B | $25.7B |
| Sep 2022 | — | $6.9B | $15.0B | $14.8B | $27.7B |
| Dec 2022 | $20.0B | $7.3B | $13.8B | $15.1B | $22.6B |
| Mar 2023 | — | $7.0B | $14.5B | $12.2B | — |
| Jun 2023 | $20.9B | $8.3B | $15.0B | $13.9B | $18.5B |
| Sep 2023 | $21.5B | $9.5B | $16.0B | $13.9B | $13.0B |
| Dec 2023 | $21.4B | $9.4B | $14.6B | $14.3B | $13.5B |
| Mar 2024 | $21.4B | $8.8B | $15.8B | $12.3B | $14.9B |
| Jun 2024 | $22.4B | $11.3B | $16.1B | $14.5B | $13.3B |
| Sep 2024 | $22.5B | $11.4B | $16.7B | $14.5B | $17.7B |
| Dec 2024 | $22.5B | $13.5B | $15.6B | $15.1B | $17.8B |
| Mar 2025 | $21.9B | $12.7B | $15.5B | $13.3B | $13.7B |
| Jun 2025 | $23.7B | $15.6B | $15.8B | $15.4B | $14.7B |
| Sep 2025 | $24.0B | $17.6B | $17.3B | $15.8B | $16.7B |
| Dec 2025 | $24.6B | $19.3B | $16.4B | $16.6B | $17.6B |
| Mar 2026 | $24.1B | $19.8B | $16.3B | $15.0B | $14.5B |
| Jun 2026 | $25.3B | $23.0B | $16.6B | $17.0B | $15.0B |
| Sep 2026 | $25.4B | $24.4B | $18.1B | $17.4B | $16.6B |
Revenue growth, by reported quarter
- Johnson & Johnson 5.9%
- Eli Lilly and Company 39%
- Merck & Co., Inc. 4.7%
- AbbVie Inc. 10%
- Pfizer Inc. −0.4%
| Quarter | Johnson & Johnson | Eli Lilly and Company | Merck & Co., Inc. | AbbVie Inc. | Pfizer Inc. |
|---|---|---|---|---|---|
| Dec 2021 | — | — | — | — | — |
| Mar 2022 | — | — | — | — | — |
| Jun 2022 | — | −3.7% | 28% | 4.5% | — |
| Sep 2022 | — | 2.5% | 14% | 3.3% | 47% |
| Dec 2022 | −14% | −8.7% | 2.3% | 1.6% | −5.8% |
| Mar 2023 | — | −11% | −8.9% | −9.7% | — |
| Jun 2023 | −11% | 28% | 3.0% | −4.9% | −28% |
| Sep 2023 | — | 37% | 6.7% | −6.0% | −53% |
| Dec 2023 | 6.8% | 28% | 5.8% | −5.4% | −40% |
| Mar 2024 | — | 26% | 8.9% | 0.7% | — |
| Jun 2024 | 7.4% | 36% | 7.2% | 4.3% | −28% |
| Sep 2024 | 4.4% | 20% | 4.4% | 3.8% | 36% |
| Dec 2024 | 5.5% | 45% | 6.8% | 5.6% | 32% |
| Mar 2025 | 2.4% | 45% | −1.6% | 8.4% | −7.8% |
| Jun 2025 | 5.8% | 38% | −1.9% | 6.7% | 10% |
| Sep 2025 | 6.8% | 54% | 3.7% | 9.1% | −5.9% |
| Dec 2025 | 9.1% | 43% | 5.0% | 10% | −1.2% |
| Mar 2026 | 9.9% | 56% | 4.9% | 12% | 5.4% |
| Jun 2026 | 6.6% | 48% | 5.1% | 10% | 2.6% |
| Sep 2026 | 5.9% | 39% | 4.7% | 10% | −0.4% |
16 of 16 companies report revenue, 15 of 16 revenue growth. On every company-comparison chart on this page the five leaders are drawn, level and change on separate charts, and a missing report breaks the line rather than being invented.
Revenue · largest
- 1Johnson & JohnsonJNJ$99.3B
- 2Eli Lilly and CompanyLLY$86.5B
- 3Merck & Co., Inc.MRK$67.4B
- 4AbbVie Inc.ABBV$66.0B
- 5Pfizer Inc.PFE$63.6B
Revenue growth · fastest growers
- 1Eli Lilly and CompanyLLY46%
- 2AbbVie Inc.ABBV11%
- 3Amgen Inc.AMGN8.2%
- 4Johnson & JohnsonJNJ7.8%
- 5AstraZeneca PLCAZN7.3%
All-company data · latest reported quarter
In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| Johnson & Johnson JNJ | $25.4B | 5.9% | Sep 2026 |
| Eli Lilly and Company LLY | $24.4B | 39% | Sep 2026 |
| Merck & Co., Inc. MRK | $18.1B | 4.7% | Sep 2026 |
| AbbVie Inc. ABBV | $17.4B | 10% | Sep 2026 |
| Pfizer Inc. PFE | $16.6B | −0.4% | Sep 2026 |
| AstraZeneca PLC AZN | $16.2B | 6.7% | Sep 2026 |
| Sanofi SNY | $15.2B | 16% | Sep 2026 |
| Novartis AG NVS | $15.0B | 4.7% | Sep 2026 |
| Bristol-Myers Squibb Company BMY | $13.1B | 6.9% | Sep 2026 |
| Amgen Inc. AMGN | $10.4B | 8.5% | Sep 2026 |
| GSK plc GSK | $8.9B | 4.0% | Sep 2026 |
| Gilead Sciences, Inc. GILD | $8.3B | 6.8% | Sep 2026 |
| Biogen Inc. BIIB | $2.8B | 11% | Sep 2026 |
| Grifols, S.A. GRFS | $1.9B | −0.9% | Jun 2026 |
| Organon & Co. OGN | $1.6B | −1.8% | Sep 2026 |
| Amarin Corporation plc AMRN | $40M | −20% | Sep 2026 |
Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.
What to watch
Watch the next two reported quarters for growth persistence, margin conversion and whether the leader is gaining share without stretching working capital.
Which Drug Manufacturers - General companies keep the most from each $100 of sales?
Eli Lilly and Company has the highest OPM among the 16 Drug Manufacturers - General companies compared here, at 53.7%. Gilead Sciences, Inc. is next at 42.4%. The same company also has the highest Margin change, at +6.1 percentage points. 16 of 16 companies report a comparable reading, the latest through Sep 2026.
What the numbers say: Eli Lilly and Company leads both opm at 53.7% and margin change at +6.1 percentage points.
What this means: Eli Lilly and Company sets the level to compare against; the company improving fastest needs another report to confirm the change.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
Operating margin · company comparison
OPM, by reported quarter
- Eli Lilly and Company 54%
- Gilead Sciences, Inc. 42%
- Merck & Co., Inc. 41%
- AbbVie Inc. 40%
- Amgen Inc. 36%
| Quarter | Eli Lilly and Company | Gilead Sciences, Inc. | Merck & Co., Inc. | AbbVie Inc. | Amgen Inc. |
|---|---|---|---|---|---|
| Dec 2021 | 31% | 40% | 27% | 46% | 34% |
| Mar 2022 | 34% | 44% | 37% | 39% | 40% |
| Jun 2022 | 27% | 38% | 36% | 39% | 33% |
| Sep 2022 | 29% | 47% | 34% | 34% | 40% |
| Dec 2022 | 30% | 32% | 31% | 40% | 31% |
| Mar 2023 | 25% | 34% | 36% | 30% | 34% |
| Jun 2023 | 28% | 29% | 39% | 36% | 38% |
| Sep 2023 | 37% | 39% | 38% | 33% | 27% |
| Dec 2023 | 34% | 36% | −4.5% | 31% | 39% |
| Mar 2024 | 31% | 34% | 43% | 27% | 24% |
| Jun 2024 | 39% | 39% | 40% | 35% | 31% |
| Sep 2024 | 40% | 42% | 26% | 29% | 32% |
| Dec 2024 | 39% | 33% | 52% | 33% | 29% |
| Mar 2025 | 42% | 39% | 40% | 30% | 29% |
| Jun 2025 | 45% | 39% | 38% | 38% | 33% |
| Sep 2025 | 48% | 45% | 41% | 36% | 34% |
| Dec 2025 | 45% | 37% | 33% | 34% | 31% |
| Mar 2026 | 49% | 39% | 39% | 32% | 34% |
| Jun 2026 | 54% | 34% | −0.2% | 40% | 36% |
| Sep 2026 | 54% | 42% | 41% | 40% | 36% |
Margin change, by reported quarter
- Eli Lilly and Company +6.1 pp
- Gilead Sciences, Inc. −2.8 pp
- Merck & Co., Inc. +0.4 pp
- AbbVie Inc. +4.1 pp
- Amgen Inc. +1.6 pp
| Quarter | Eli Lilly and Company | Gilead Sciences, Inc. | Merck & Co., Inc. | AbbVie Inc. | Amgen Inc. |
|---|---|---|---|---|---|
| Dec 2021 | — | — | — | — | — |
| Mar 2022 | — | — | — | — | — |
| Jun 2022 | +6.1 pp | +1.6 pp | +21.5 pp | +7.5 pp | +20.3 pp |
| Sep 2022 | −2.1 pp | −3.2 pp | −4.0 pp | −0.2 pp | +4.6 pp |
| Dec 2022 | −0.3 pp | −7.2 pp | +4.7 pp | −5.2 pp | −3.1 pp |
| Mar 2023 | −9.5 pp | −9.8 pp | −1.1 pp | −8.5 pp | −6.0 pp |
| Jun 2023 | +1.2 pp | −8.8 pp | +3.4 pp | −3.7 pp | +5.1 pp |
| Sep 2023 | +7.9 pp | −8.6 pp | +3.8 pp | −1.2 pp | −12.8 pp |
| Dec 2023 | +3.9 pp | +3.2 pp | −35.8 pp | −9.1 pp | +7.7 pp |
| Mar 2024 | +6.6 pp | 0.0 pp | +7.0 pp | −2.6 pp | −10.4 pp |
| Jun 2024 | +11.0 pp | +9.8 pp | +0.5 pp | −1.0 pp | −7.5 pp |
| Sep 2024 | +2.5 pp | +3.6 pp | −11.9 pp | −4.2 pp | +4.7 pp |
| Dec 2024 | +5.3 pp | −2.3 pp | +56.3 pp | +1.2 pp | −10.4 pp |
| Mar 2025 | +10.5 pp | +4.1 pp | −2.4 pp | +3.0 pp | +5.2 pp |
| Jun 2025 | +6.0 pp | +0.5 pp | −2.1 pp | +2.9 pp | +2.0 pp |
| Sep 2025 | +7.8 pp | +3.1 pp | +14.6 pp | +6.9 pp | +2.4 pp |
| Dec 2025 | +5.5 pp | +4.2 pp | −19.0 pp | +1.6 pp | +1.9 pp |
| Mar 2026 | +7.7 pp | +0.8 pp | −1.5 pp | +1.8 pp | +5.1 pp |
| Jun 2026 | +9.1 pp | −5.5 pp | −37.7 pp | +2.5 pp | +2.9 pp |
| Sep 2026 | +6.1 pp | −2.8 pp | +0.4 pp | +4.1 pp | +1.6 pp |
16 of 16 companies report OPM, 16 of 16 margin change.
OPM · highest
- 1Eli Lilly and CompanyLLY54%
- 2Gilead Sciences, Inc.GILD42%
- 3Merck & Co., Inc.MRK41%
- 4AbbVie Inc.ABBV40%
- 5Amgen Inc.AMGN36%
Margin change · fastest expanders
- 1Eli Lilly and CompanyLLY+6.1 pp
- 2AstraZeneca PLCAZN+6.0 pp
- 3AbbVie Inc.ABBV+4.1 pp
- 4Novartis AGNVS+3.4 pp
- 5Bristol-Myers Squibb CompanyBMY+2.2 pp
All-company data · latest reported quarter
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Eli Lilly and Company LLY | 54% | +6.1 pp | Sep 2026 |
| Gilead Sciences, Inc. GILD | 42% | −2.8 pp | Sep 2026 |
| Merck & Co., Inc. MRK | 41% | +0.4 pp | Sep 2026 |
| AbbVie Inc. ABBV | 40% | +4.1 pp | Sep 2026 |
| Amgen Inc. AMGN | 36% | +1.6 pp | Sep 2026 |
| Novartis AG NVS | 34% | +3.4 pp | Sep 2026 |
| Bristol-Myers Squibb Company BMY | 34% | +2.2 pp | Sep 2026 |
| Pfizer Inc. PFE | 33% | −1.9 pp | Sep 2026 |
| GSK plc GSK | 32% | −4.0 pp | Sep 2026 |
| Sanofi SNY | 31% | +2.2 pp | Sep 2026 |
| AstraZeneca PLC AZN | 30% | +6.0 pp | Sep 2026 |
| Johnson & Johnson JNJ | 26% | −4.5 pp | Sep 2026 |
| Biogen Inc. BIIB | 24% | −6.4 pp | Sep 2026 |
| Organon & Co. OGN | 23% | +0.1 pp | Sep 2026 |
| Grifols, S.A. GRFS | 16% | −1.6 pp | Jun 2026 |
| Amarin Corporation plc AMRN | −6.0% | −2.6 pp | Sep 2026 |
What to watch
Watch whether the next two comparable periods confirm the current margin change rather than reversing it.
Which Drug Manufacturers - General companies earn the most profit?
Eli Lilly and Company has the highest Net profit among the 16 Drug Manufacturers - General companies compared here, at $27,580 million. Johnson & Johnson is next at $16,095 million. AbbVie Inc. has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: Eli Lilly and Company earns the most, $27,580 million of profit over the last 12 months, 71.4% above Johnson & Johnson. AbbVie Inc. shows at least 100% on the scoring scale (338.8% in full) growth from a profit base of $10,303 million. A fast rate from a small base matters less than a large profit that keeps coming.
What this means: Eli Lilly and Company sets the level to compare against; the company improving fastest needs another report to confirm the change.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profit · company comparison
Net profit, by reported quarter
- Eli Lilly and Company $6.5B
- Johnson & Johnson $210M
- AstraZeneca PLC $3.1B
- AbbVie Inc. $4.2B
- Novartis AG $1.2B
| Quarter | Eli Lilly and Company | Johnson & Johnson | AstraZeneca PLC | AbbVie Inc. | Novartis AG |
|---|---|---|---|---|---|
| Dec 2021 | $1.7B | $3.7B | −$347M | $4.0B | $16.3B |
| Mar 2022 | $1.9B | $4.7B | $386M | $4.5B | $2.2B |
| Jun 2022 | $953M | $5.1B | $360M | $913M | — |
| Sep 2022 | $1.5B | — | $1.6B | $3.9B | $1.6B |
| Dec 2022 | $1.9B | $4.5B | $901M | $2.5B | $1.5B |
| Mar 2023 | $1.3B | — | $1.8B | $228M | $2.3B |
| Jun 2023 | $1.8B | −$68M | $1.8B | $2.0B | $2.3B |
| Sep 2023 | −$57M | $5.1B | $1.4B | $1.8B | $1.8B |
| Dec 2023 | $2.2B | $26.0B | $960M | $811M | $8.5B |
| Mar 2024 | $2.2B | $3.3B | $2.2B | $1.4B | $2.7B |
| Jun 2024 | $3.0B | $4.7B | $1.9B | $1.4B | $3.2B |
| Sep 2024 | $970M | $2.7B | $1.4B | $1.6B | $3.2B |
| Dec 2024 | $4.4B | $3.4B | $1.5B | −$32M | $2.8B |
| Mar 2025 | $2.8B | $11.0B | $2.9B | $1.3B | $3.6B |
| Jun 2025 | $5.7B | $5.5B | $2.5B | $928M | $4.0B |
| Sep 2025 | $5.6B | $5.2B | $2.5B | $176M | $3.9B |
| Dec 2025 | $6.6B | $5.1B | $2.3B | $1.8B | $2.4B |
| Mar 2026 | $7.4B | $5.2B | $3.1B | $687M | $3.2B |
| Jun 2026 | $7.1B | $5.5B | $2.5B | $3.6B | $3.3B |
| Sep 2026 | $6.5B | $210M | $3.1B | $4.2B | $1.2B |
Profit growth, by reported quarter
- Eli Lilly and Company 16%
- Johnson & Johnson −96%
- AstraZeneca PLC 23%
- AbbVie Inc. 2,289%
- Novartis AG −70%
| Quarter | Eli Lilly and Company | Johnson & Johnson | AstraZeneca PLC | AbbVie Inc. | Novartis AG |
|---|---|---|---|---|---|
| Dec 2021 | — | — | — | — | — |
| Mar 2022 | — | — | — | — | — |
| Jun 2022 | −31% | — | −35% | 19% | — |
| Sep 2022 | 31% | — | — | 24% | −43% |
| Dec 2022 | 12% | 22% | — | −39% | −91% |
| Mar 2023 | −29% | — | 367% | −95% | 3.4% |
| Jun 2023 | 85% | −101% | 405% | 120% | — |
| Sep 2023 | −104% | — | −16% | −55% | 12% |
| Dec 2023 | 13% | 484% | 6.6% | −67% | 478% |
| Mar 2024 | 67% | — | 21% | 496% | 17% |
| Jun 2024 | 68% | — | 6.0% | −32% | 40% |
| Sep 2024 | — | −48% | 4.0% | −12% | 81% |
| Dec 2024 | 101% | −87% | 56% | −104% | −67% |
| Mar 2025 | 23% | 238% | 34% | −6.1% | 34% |
| Jun 2025 | 91% | 18% | 27% | −32% | 24% |
| Sep 2025 | 476% | 91% | 77% | −89% | 23% |
| Dec 2025 | 51% | 49% | 55% | — | −15% |
| Mar 2026 | 168% | −52% | 5.6% | −46% | −13% |
| Jun 2026 | 25% | −0.1% | 2.3% | 288% | −19% |
| Sep 2026 | 16% | −96% | 23% | 2,289% | −70% |
16 of 16 companies report net profit, 14 of 16 profit growth. The profit growth chart is drawn inside its usual range; a quarter far outside it (often a first quarter after listing or a near-zero base) is marked with an arrow at the edge, with its exact value in the hover card and the table.
Net profit · largest
- 1Eli Lilly and CompanyLLY$27.6B
- 2Johnson & JohnsonJNJ$16.1B
- 3AstraZeneca PLCAZN$11.0B
- 4AbbVie Inc.ABBV$10.3B
- 5Novartis AGNVS$10.0B
Profit growth · fastest growers
- 1AbbVie Inc.ABBV100%
- 2Bristol-Myers Squibb CompanyBMY53%
- 3Grifols, S.A.GRFS52%
- 4Eli Lilly and CompanyLLY50%
- 5Amgen Inc.AMGN34%
All-company data · latest reported quarter
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Eli Lilly and Company LLY | $6.5B | 16% | Sep 2026 |
| Merck & Co., Inc. MRK | $5.1B | −12% | Sep 2026 |
| AbbVie Inc. ABBV | $4.2B | 2,289% | Sep 2026 |
| Amgen Inc. AMGN | $3.9B | 20% | Sep 2026 |
| Pfizer Inc. PFE | $3.3B | −8.4% | Sep 2026 |
| AstraZeneca PLC AZN | $3.1B | 23% | Sep 2026 |
| Sanofi SNY | $3.0B | 7.9% | Sep 2026 |
| Gilead Sciences, Inc. GILD | $2.4B | −20% | Sep 2026 |
| Bristol-Myers Squibb Company BMY | $2.2B | −1.8% | Sep 2026 |
| GSK plc GSK | $1.7B | −21% | Sep 2026 |
| Novartis AG NVS | $1.2B | −70% | Sep 2026 |
| Johnson & Johnson JNJ | $210M | −96% | Sep 2026 |
| Organon & Co. OGN | $164M | 2.5% | Sep 2026 |
| Grifols, S.A. GRFS | $154M | 32% | Jun 2026 |
| Amarin Corporation plc AMRN | $0M | −800% | Sep 2026 |
| Biogen Inc. BIIB | −$21M | −105% | Sep 2026 |
What to watch
Watch whether the next two comparable periods confirm the current profit growth rather than reversing it.
Which Drug Manufacturers - General companies earn the best return on capital?
Eli Lilly and Company has the highest ROCE among the 16 Drug Manufacturers - General companies compared here, at 43.5%. Gilead Sciences, Inc. is next at 30.1%. The same company also has the highest ROCE change, at +8.7 percentage points. 16 of 16 companies report a comparable reading, the latest through Sep 2026.
What the numbers say: Eli Lilly and Company leads ROCE at 43.5%, 13.4 percentage points above Gilead Sciences, Inc. A high return reported once may be one good year; a high return reported year after year shows a lasting business.
What this means: Eli Lilly and Company sets the level to compare against; the company improving fastest needs another report to confirm the change.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
Return on capital · company comparison
ROCE, by reported quarter
- Eli Lilly and Company 44%
- Gilead Sciences, Inc. 30%
- AbbVie Inc. 23%
- Bristol-Myers Squibb Company 23%
- Novartis AG 22%
| Quarter | Eli Lilly and Company | Gilead Sciences, Inc. | AbbVie Inc. | Bristol-Myers Squibb Company | Novartis AG |
|---|---|---|---|---|---|
| Dec 2021 | 25% | 21% | 19% | 12% | 13% |
| Mar 2022 | 27% | 22% | 20% | 13% | 14% |
| Jun 2022 | 29% | 22% | 21% | 14% | — |
| Sep 2022 | 28% | 22% | 21% | 13% | 10% |
| Dec 2022 | 27% | 21% | 20% | 13% | 11% |
| Mar 2023 | 21% | 20% | 19% | 13% | 11% |
| Jun 2023 | 23% | 20% | 19% | 12% | 15% |
| Sep 2023 | 27% | 18% | 19% | 13% | 18% |
| Dec 2023 | 29% | 18% | 18% | 12% | 17% |
| Mar 2024 | 26% | 22% | 16% | 11% | 22% |
| Jun 2024 | 31% | 24% | 17% | 13% | 22% |
| Sep 2024 | 29% | 25% | 17% | 13% | 23% |
| Dec 2024 | 34% | 23% | 18% | 14% | 22% |
| Mar 2025 | 33% | 25% | 18% | 16% | 26% |
| Jun 2025 | 36% | 25% | 19% | 19% | 26% |
| Sep 2025 | 35% | 25% | 22% | 21% | 26% |
| Dec 2025 | 38% | 25% | 23% | 23% | 22% |
| Mar 2026 | 42% | 26% | 23% | 23% | 20% |
| Jun 2026 | 42% | 31% | 25% | 23% | 20% |
| Sep 2026 | 44% | 30% | 23% | 23% | 22% |
ROCE change, by reported quarter
- Eli Lilly and Company +8.7 pp
- Gilead Sciences, Inc. +5.5 pp
- AbbVie Inc. +1.6 pp
- Bristol-Myers Squibb Company +2.3 pp
- Novartis AG −4.2 pp
| Quarter | Eli Lilly and Company | Gilead Sciences, Inc. | AbbVie Inc. | Bristol-Myers Squibb Company | Novartis AG |
|---|---|---|---|---|---|
| Dec 2021 | — | — | — | — | — |
| Mar 2022 | — | — | — | — | — |
| Jun 2022 | — | — | — | — | — |
| Sep 2022 | — | — | — | — | — |
| Dec 2022 | +2.2 pp | −0.1 pp | +1.4 pp | +1.7 pp | −1.8 pp |
| Mar 2023 | −6.7 pp | −1.9 pp | −0.4 pp | −0.4 pp | −3.2 pp |
| Jun 2023 | −5.4 pp | −1.9 pp | −1.7 pp | −1.5 pp | — |
| Sep 2023 | −0.6 pp | −3.8 pp | −2.0 pp | −0.7 pp | +7.7 pp |
| Dec 2023 | +2.7 pp | −2.8 pp | −2.0 pp | −1.3 pp | +6.4 pp |
| Mar 2024 | +5.3 pp | +1.9 pp | −3.0 pp | −1.4 pp | +10.7 pp |
| Jun 2024 | +7.9 pp | +3.7 pp | −1.7 pp | +0.5 pp | +6.7 pp |
| Sep 2024 | +1.9 pp | +6.8 pp | −2.1 pp | +0.2 pp | +4.7 pp |
| Dec 2024 | +4.5 pp | +4.4 pp | −0.1 pp | +2.4 pp | +4.9 pp |
| Mar 2025 | +7.1 pp | +3.0 pp | +1.9 pp | +4.9 pp | +4.2 pp |
| Jun 2025 | +4.9 pp | +0.9 pp | +2.0 pp | +6.4 pp | +4.1 pp |
| Sep 2025 | +5.6 pp | −0.4 pp | +4.6 pp | +8.1 pp | +3.2 pp |
| Dec 2025 | +4.1 pp | +2.3 pp | +5.2 pp | +8.3 pp | −0.7 pp |
| Mar 2026 | +9.2 pp | +0.8 pp | +5.1 pp | +6.4 pp | −5.8 pp |
| Jun 2026 | +5.7 pp | +6.1 pp | +5.1 pp | +3.8 pp | −6.2 pp |
| Sep 2026 | +8.7 pp | +5.5 pp | +1.6 pp | +2.3 pp | −4.2 pp |
16 of 16 companies report ROCE, 16 of 16 ROCE change.
ROCE · highest
- 1Eli Lilly and CompanyLLY44%
- 2Gilead Sciences, Inc.GILD30%
- 3AbbVie Inc.ABBV23%
- 4Bristol-Myers Squibb CompanyBMY23%
- 5Novartis AGNVS22%
ROCE change · fastest improvers
- 1Eli Lilly and CompanyLLY+8.7 pp
- 2Gilead Sciences, Inc.GILD+5.5 pp
- 3SanofiSNY+3.1 pp
- 4Bristol-Myers Squibb CompanyBMY+2.3 pp
- 5Amgen Inc.AMGN+1.7 pp
All-company data · latest reported quarter
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| Eli Lilly and Company LLY | 44% | +8.7 pp | Sep 2026 |
| Gilead Sciences, Inc. GILD | 30% | +5.5 pp | Sep 2026 |
| AbbVie Inc. ABBV | 23% | +1.6 pp | Sep 2026 |
| Bristol-Myers Squibb Company BMY | 23% | +2.3 pp | Sep 2026 |
| Novartis AG NVS | 22% | −4.2 pp | Sep 2026 |
| GSK plc GSK | 19% | −2.7 pp | Sep 2026 |
| Johnson & Johnson JNJ | 19% | +1.3 pp | Sep 2026 |
| Merck & Co., Inc. MRK | 18% | −8.6 pp | Sep 2026 |
| AstraZeneca PLC AZN | 18% | −1.4 pp | Sep 2026 |
| Amgen Inc. AMGN | 18% | +1.7 pp | Sep 2026 |
| Sanofi SNY | 11% | +3.1 pp | Sep 2026 |
| Organon & Co. OGN | 11% | −1.3 pp | Sep 2026 |
| Pfizer Inc. PFE | 11% | +0.9 pp | Sep 2026 |
| Biogen Inc. BIIB | 8.5% | −2.8 pp | Sep 2026 |
| Grifols, S.A. GRFS | 7.3% | −0.6 pp | Jun 2026 |
| Amarin Corporation plc AMRN | −5.4% | +0.4 pp | Sep 2026 |
What to watch
Watch whether the next two comparable periods confirm the current roce change rather than reversing it.
How are Drug Manufacturers - General stocks valued against growth and quality?
Organon & Co. has the lowest PEG among the 16 Drug Manufacturers - General companies compared here, at 0.17×. Bristol-Myers Squibb Company is next at 0.26×. Gilead Sciences, Inc. has the lowest P/E at −47.8×, so level and change sit with different companies. 11 of 16 companies report a comparable reading, the latest through Sep 2026.
What the numbers say: Organon & Co. has the lowest comparable PEG at 0.17×, 34.6% below Bristol-Myers Squibb Company. That would need today's multiple, the company's own history and steady growth to agree.
What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
Valuation · company comparison
PEG, by reported quarter
- Organon & Co. 0.2
- Bristol-Myers Squibb Company 0.3
- Sanofi 0.3
- Biogen Inc. 0.4
- GSK plc 0.4
| Quarter | Organon & Co. | Bristol-Myers Squibb Company | Sanofi | Biogen Inc. | GSK plc |
|---|---|---|---|---|---|
| Dec 2021 | — | — | — | — | — |
| Mar 2022 | — | — | — | — | — |
| Jun 2022 | — | — | — | — | — |
| Sep 2022 | — | — | — | — | — |
| Dec 2022 | — | — | — | — | — |
| Mar 2023 | — | 0.9 | 0.4 | — | — |
| Jun 2023 | — | 0.7 | 0.5 | 0.5 | — |
| Sep 2023 | — | 0.5 | 0.3 | — | — |
| Dec 2023 | 0.3 | 0.4 | — | — | — |
| Mar 2024 | 0.1 | — | — | — | — |
| Jun 2024 | 0.2 | — | — | — | — |
| Sep 2024 | — | — | — | 1.8 | — |
| Dec 2024 | — | — | — | 0.3 | — |
| Mar 2025 | — | — | — | 0.5 | — |
| Jun 2025 | — | — | — | 0.4 | — |
| Sep 2025 | — | — | — | — | — |
| Dec 2025 | — | — | — | — | — |
| Mar 2026 | — | 0.5 | — | — | — |
| Jun 2026 | — | — | — | — | 0.4 |
| Sep 2026 | — | 0.3 | — | — | — |
P/E, by reported quarter
- Organon & Co. 16.9×
- Bristol-Myers Squibb Company 13.8×
- Sanofi 20.8×
- Biogen Inc. 38.2×
- GSK plc 16.9×
| Quarter | Organon & Co. | Bristol-Myers Squibb Company | Sanofi | Biogen Inc. | GSK plc |
|---|---|---|---|---|---|
| Dec 2021 | 5.7× | 19.8× | 17.9× | 22.7× | 18.4× |
| Mar 2022 | 6.8× | 24.8× | 17.4× | 21.4× | 16.3× |
| Jun 2022 | 7.7× | 24.8× | 18.2× | 14.5× | 19.6× |
| Sep 2022 | 5.9× | 22.7× | 15.4× | 13.5× | 3.7× |
| Dec 2022 | 7.8× | 25.2× | 13.5× | 13.1× | 3.9× |
| Mar 2023 | 8.0× | 19.9× | 15.0× | 12.8× | 3.9× |
| Jun 2023 | 7.0× | 16.9× | 14.3× | 15.5× | 3.7× |
| Sep 2023 | 7.6× | 14.6× | 14.0× | — | 10.0× |
| Dec 2023 | 3.6× | 13.0× | — | 32.3× | 12.0× |
| Mar 2024 | 4.6× | — | 22.3× | 26.9× | 15.6× |
| Jun 2024 | 5.3× | −12.9× | — | 29.1× | 15.5× |
| Sep 2024 | 3.8× | −14.5× | 32.7× | 17.5× | — |
| Dec 2024 | 4.5× | −12.8× | — | 13.7× | 21.3× |
| Mar 2025 | 5.1× | 22.9× | 26.6× | 13.5× | 18.9× |
| Jun 2025 | 3.6× | 18.7× | 11.6× | 12.0× | 16.4× |
| Sep 2025 | 5.5× | 15.2× | 11.1× | 12.8× | 11.5× |
| Dec 2025 | — | 15.6× | — | — | 12.8× |
| Mar 2026 | 6.3× | 17.0× | 13.2× | 19.6× | 14.2× |
| Jun 2026 | 17.0× | 12.7× | 22.8× | 38.2× | 16.4× |
| Sep 2026 | 16.9× | 13.8× | 20.8× | — | 16.9× |
11 of 16 companies report PEG, 16 of 16 P/E.
PEG · lowest PEG
- 1Organon & Co.OGN0.2
- 2Bristol-Myers Squibb CompanyBMY0.3
- 3SanofiSNY0.3
- 4Biogen Inc.BIIB0.4
- 5GSK plcGSK0.4
P/E · lowest P/E
- 1Gilead Sciences, Inc.GILD−47.8×
- 2Amarin Corporation plcAMRN−14.3×
- 3Grifols, S.A.GRFS12.0×
- 4Bristol-Myers Squibb CompanyBMY13.8×
- 5GSK plcGSK16.9×
All-company data · latest reported quarter
| Company | PEG | P/E | Reported |
|---|---|---|---|
| Novartis AG NVS | 2.3 | 27.2× | Sep 2026 |
| Merck & Co., Inc. MRK | 1.8 | 146.2× | Sep 2026 |
| AstraZeneca PLC AZN | 1.3 | 22.9× | Sep 2026 |
| Eli Lilly and Company LLY | 0.7 | 37.4× | Sep 2026 |
| Amgen Inc. AMGN | 0.7 | 24.3× | Sep 2026 |
| GSK plc GSK | 0.4 | 16.9× | Sep 2026 |
| Biogen Inc. BIIB | 0.4 | 38.2× | Sep 2026 |
| Gilead Sciences, Inc. GILD | 0.3 | −47.8× | Sep 2026 |
| Sanofi SNY | 0.3 | 20.8× | Sep 2026 |
| Bristol-Myers Squibb Company BMY | 0.3 | 13.8× | Sep 2026 |
| Organon & Co. OGN | 0.2 | 16.9× | Sep 2026 |
| Johnson & Johnson JNJ | — | 40.6× | Sep 2026 |
| AbbVie Inc. ABBV | — | 44.9× | Sep 2026 |
| Pfizer Inc. PFE | — | 40.5× | Sep 2026 |
| Grifols, S.A. GRFS | — | 12.0× | Jun 2026 |
| Amarin Corporation plc AMRN | — | −14.4× | Sep 2026 |
What to watch
Watch whether the next two comparable periods confirm the current p/e rather than reversing it.
What can make this comparison misleading?
This Drug Manufacturers - General comparison names 4 specific ways its own evidence can mislead, all listed below. All 16 companies here report on comparable dates, so no rank carries a stale marker. A high growth rate can still come from a very small starting figure.
Keep these limits visible
- A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
- A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
- The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
How was this comparison built?
This comparison is built from the reported filings of 16 Drug Manufacturers - General companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Sep 2026 and market data through 6 November 2026.
What else do people ask about Drug Manufacturers - General stocks?
These 22 answers restate the Drug Manufacturers - General comparison above in question form. Every one is computed from the same 16 companies and the same reported filings as the rankings and charts, current through Sep 2026. Price and relative-strength answers run through 6 November 2026. Nothing here is estimated, and none of it is a recommendation.
Is the Drug Manufacturers - General sector outperforming S&P 500?
Drug Manufacturers - General has done better than the S&P 500 by 19% over 52 weeks and by 12% over 13 weeks.
14 of 16 companies we track are beating the S&P 500 on relative strength (how a share price has done against the index over recent months), and 8 of 16 are ahead of the industry itself.
Which Drug Manufacturers - General company is largest by revenue?
Johnson & Johnson leads with revenue of $99,335 million, based on 16 of 16 comparable companies through Sep 2026.
Which Drug Manufacturers - General company is growing fastest?
Eli Lilly and Company has the fastest current revenue growth at 45.5%, across 15 of 16 comparable companies.
Which Drug Manufacturers - General company has the strongest 4-Factor Sector Score?
Eli Lilly and Company ranks first at 81.1 out of 100, with 85.3% of the evidence available. The score ranks published data; it is not a recommendation.
Which Drug Manufacturers - General company has the lowest comparable PEG?
Organon & Co. has the lowest comparable PEG at 0.17, among 11 of 16 companies whose earnings and growth are steady enough for the ratio to mean anything.
How much history does this Drug Manufacturers - General comparison include?
The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Sep 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four parts add up directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or old evidence moves only that part toward the middle.
Which Drug Manufacturers - General company is the biggest?
Johnson & Johnson is the largest, with revenue of $99,335 million over the last 12 months, ahead of Eli Lilly and Company at $86,462 million. That covers 16 of 16 companies with comparable reporting through Sep 2026.
Which Drug Manufacturers - General company has the best profit margins?
Eli Lilly and Company has the highest operating margin at 53.7%, from 16 of 16 comparable companies. Eli Lilly and Company shows the biggest recent improvement, at +6.1 percentage points. A high margin matters most when it is steady or rising, not when it is at a peak.
Which Drug Manufacturers - General company makes the most profit?
Eli Lilly and Company earns the most, at $27,580 million of net profit over the last 12 months, from 16 of 16 comparable companies.
AbbVie Inc. has the fastest profit growth at the 100% cap of the scoring scale, though growth off a small or recovering profit base overstates how much has actually changed.
Which Drug Manufacturers - General company earns the highest return on capital?
Eli Lilly and Company leads on return on capital employed at 43.5%, across 16 of 16 companies. A high return that repeats for years shows a lasting business, while a single high reading can come from a small capital base or one good year.
Which Drug Manufacturers - General stock has the lowest PEG ratio?
On PEG (where a lower number means a lower price for what the company earns), Organon & Co. has the lowest at 0.17×. Only 11 of 16 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a ranking of the whole industry.
A low multiple is a reason to look closer at the business, not a conclusion on its own.
Is the Drug Manufacturers - General sector beating the market?
Drug Manufacturers - General has done better than the S&P 500 by 19% over the last 52 weeks and by 12% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 14 of the 16 companies we track are beating the market on their own.
Sector strength does not transfer evenly to every stock in it.
Which Drug Manufacturers - General stock has the strongest price momentum?
Organon & Co. has the strongest relative strength against the S&P 500, meaning its share price has done best against the index. A price can move well before the business results back it up, and sometimes without them.
Which Drug Manufacturers - General company has the highest 4-Factor score?
Eli Lilly and Company scores 81.1 out of 100, with 85.3% of the evidence available, from 32.2 points on growth and earnings, 21.1 on capital efficiency, 12.1 on valuation and 15.7 on relative strength.
It ranks published data only; management quality, upcoming events and risks are not part of the score.
How many Drug Manufacturers - General companies does this comparison cover, and over what period?
This comparison covers 16 listed companies over up to 20 reported quarters of fundamentals, ending Sep 2026, plus weekly price and relative-strength history. Membership is the full sector list, nothing is dropped for having thin data.
What is the total market cap of the Drug Manufacturers - General sector?
The 16 Drug Manufacturers - General companies on this page carry $4,355,661 million of combined market value. Eli Lilly and Company is the largest at $1,206,830 million, about 28% of the sector's total on its own. Market value moves with price, so this reading is dated 6 November 2026.
What is the Drug Manufacturers - General sector's P/E ratio?
The median price-to-earnings ratio across the 16 Drug Manufacturers - General companies on this page is 27.2×, measured on the 14 that report a comparable figure.
A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 6 November 2026.
How is the Drug Manufacturers - General sector performing?
14 of the 16 Drug Manufacturers - General companies we track are doing better than the S&P 500 on relative strength (how a share price has done against the index over recent months).
The sector itself is 19% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 6 November 2026.
How many Drug Manufacturers - General stocks are listed in the US?
This comparison covers 16 listed Drug Manufacturers - General companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Sep 2026. Membership is the full industry list, nothing is dropped for having thin data.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing figures are never estimated, copied forward or swapped for a similar-looking line, and a company with missing evidence has its score pulled toward the middle rather than scored as bad.
Is this advice?
No, every figure here is worked out by code from company filings and market data, for research. It does not account for your situation and is not a substitute for advice from a registered adviser.
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Sector Alpha, written by code from the published numbers · Fundamentals through Sep 2026 · Prices through 6 November 2026. Every ranking is worked out by code from reported figures. Missing values stay missing.
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