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Baxter International vs Elanco Animal Health: Which Stock Looks Stronger in 2026?

The structural profiles are close, with Baxter International carrying a narrow edge on stability. The remaining gap is narrow enough that the comparison remains open to different readings. The market setup is mixed, without a decisive signal in either direction. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the Russell 1000 universe, making them directly comparable.

Updated 2026-08-16

Most of the separation is still concentrated in stability.

Trajectory Similarity
0.73
Similar
Peer-set rank: #1
within Baxter International Inc.'s functional peer set

This pair is matched through long-term financial trajectory similarity within the selected peer universe.

The pair sits on a clearly comparable long-term path, though it is not a near-twin match.

The match is driven mainly by revenue growth trajectory and margin consistency.

Similarity drivers
revenue growth trajectorymargin consistency
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
BAX
Baxter International Inc.
48
Peer-Score
Signal qualityHigh
Peer basis: Russell 1000
vs
ELAN
Elanco Animal Health Incorporated
44
Peer-Score
Signal qualityHigh
Peer basis: Russell 1000

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The clearest separation appears in stability.

Dimension spread: BAX vs ELAN Profitability 4 4 Stability 27 7 Valuation 88 86 Growth 73 81 BAX ELAN
Gap Ranking
#1 Stability +20
#2 Growth +8
#3 Valuation +2
#4 Profitability
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for BAX and ELAN Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer BAXELAN Relative valuation Structural strength

Baxter International Inc. and Elanco Animal Health Incorporated look relatively close on structure, but the price setup still leans toward Baxter International Inc..

Valuation position uses Forward P/E where available.

Entry today — historical context

Where BAX and ELAN each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY BAX Lower · below norm 0th 50th 100th 57 pct gap ELAN Elevated · above norm 0th 50th 100th 21st 77th
Today BAX sits in the lower portion of its own 5-year history (21st percentile), while ELAN sits higher in its own history (77th). Within each stock's own 5-year context, BAX is at a historically more favourable entry position than ELAN. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Stability
Both sit in the weaker half on stability, with Baxter International Inc. still coming out ahead.
Growth
Both look solid on growth, though Elanco Animal Health Incorporated still holds the stronger peer position.
Stability — Dominant Gap
BAX
27
ELAN
7
Gap+20in favour of BAX

The stability gap is clear, with the stronger side looking materially steadier through time.

What keeps the gap from being one-sided

Earnings growth also leans toward ELAN, which keeps the score lead from reading as a full growth sweep.

What this means for the comparison

Stability is the clearest driver, and growth also supports Baxter International Inc.'s broader structural position.

Explore full peer positioning in AssetNext

Break down the BAX vs ELAN comparison across all dimensions with the full interactive tool.

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Similar stability-and-growth comparisons

Explore how BAX and ELAN each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.