Which has grown faster, ALVO or HRMY?

Over the past five years, ALVO grew revenue faster — ALVO at a 69.03% CAGR versus HRMY at 32.47%.

Is ALVO or HRMY more profitable?

HRMY runs the higher net margin — ALVO at -36.51% versus HRMY at 18.88%.

Alvotech (ALVO) vs Harmony Biosciences Holdings, Inc. (HRMY)

A side-by-side comparison of Alvotech and Harmony Biosciences Holdings, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

ALVO

Alvotech

$2.06B

$6.10HealthcareDelayed quote: Oct 6, 2026, 11:25 AM EDT

HRMY

Harmony Biosciences Holdings, Inc.

$2.31B

$39.99HealthcareDelayed quote: Oct 6, 2026, 11:25 AM EDT

Total return — ALVO vs HRMY

growth of $100 · dividends reinvested · last 4y

ALVO -45.4% (-14.0%/yr)HRMY -6.0% (-1.5%/yr)HRMY compounded faster over this window

ALVO HRMY

ALVO vs HRMY: by the numbers

•HRMY is the larger company ($2.31B vs $2.06B market cap).
•HRMY is profitable (18.88% net margin) while ALVO runs a net loss (-36.51%).
•ALVO grew revenue faster over the past five years (69.03% vs 32.47% CAGR).

Metrics side by side

Valuation

Metric	ALVO	HRMY
P/E ratio	N/A	12.98
Forward P/E	N/A	10.14
P/S ratio	4.19	2.41
P/B ratio	N/A	2.32
EV / EBITDA	41.78	7.50
FCF yield	N/A	15.33%

Profitability

Metric	ALVO	HRMY
Gross margin	60.45%	75.42%
Operating margin	9.62%	24.03%
Net margin	-36.51%	18.88%
ROE	N/A	18.14%
ROIC	3.61%	14.96%

Growth (annualized)

Metric	ALVO	HRMY
Revenue CAGR (5Y)	69.03%	32.47%
FCF CAGR (5Y)	N/A	48.43%
Total return CAGR (5Y)	N/A	0.91%

Frequently asked

Which has grown faster, ALVO or HRMY?: Over the past five years, ALVO grew revenue faster — ALVO at a 69.03% CAGR versus HRMY at 32.47%.
Is ALVO or HRMY more profitable?: HRMY runs the higher net margin — ALVO at -36.51% versus HRMY at 18.88%.

Go deeper

Full ALVO analysis Full HRMY analysis Interactive comparison tool

Dig into the metrics

Harmony Biosciences P/E ratio Alvotech ROE Harmony Biosciences ROE Alvotech operating margin Harmony Biosciences operating margin Alvotech revenue growth Harmony Biosciences revenue growth Alvotech free cash flow Harmony Biosciences free cash flow

Alvotech & Harmony Biosciences appear in these rankings

Fastest Revenue Growth Stocks Highest FCF Yield Stocks Lowest P/E Ratio Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.