MetaCap

Elanco Animal Health (ELAN) vs Protagonist Therapeutics (PTGX)

Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.

Summary

Protagonist Therapeutics (PTGX) has outperformed Elanco Animal Health (ELAN) over the past year, gaining 114.3% versus a gain of 10.8%. Over five years, PTGX leads with a +351.8% price change compared with -30.7% for ELAN. Elanco Animal Health is the larger company by market cap ($11.26 billion vs $9.05 billion), about 1.2 times the size.

Elanco Animal Health converts more of its revenue into profit, with a net margin of -4.9% versus -282.8%.

Summary generated from market data by MetaCap's automated system. Methodology

Relative performance

ELAN+10.82%PTGX+114.26%
+150%+70%-10%
Oct 8, 20251 yearOct 8, 2026
ELAN-32.01%PTGX+667.05%
+792%+338%-116%
Oct 4, 20215 yearsOct 5, 2026

Percent change in share price from the first common trading day shown; excludes dividends.

Head-to-head

ELAN versus PTGX key metrics
MetricELANPTGX
Share price$22.54$139.91
Market cap$11.26B$9.05B
1-day change+0.81%-0.72%
YTD return-0.40%+60.19%
1-year return+10.82%+114.26%
5-year return-30.73%+351.76%
P/E ratio (TTM)—135.83
Forward P/E17.54—
EPS (TTM)$-0.41$1.03
Dividend yield0.00%0.00%
Annual dividend$0.00$0.00
Revenue (latest FY)$4.71B$46.02M
Revenue growth (YoY)+6.22%-89.41%
Net income (latest FY)$-232.00M$-130.15M
Gross margin54.99%—
Operating margin—-343.63%
Net margin-4.92%-282.83%
52-week high$27.98$160.81
52-week low$19.40$65.75
Distance from 52-week high-19.44%-13.00%
Analyst consensusstrong_buystrong_buy
Avg. price target upside+37.53%+24.86%
Average volume6.19M623.06K
Shares outstanding499.45M64.71M
Employees9,400141
SectorHealth CareHealth Care
IndustryBiotechnology: Pharmaceutical PreparationsBiotechnology: Pharmaceutical Preparations

Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.

Key differences

  • PTGX has outperformed ELAN by 103.4 percentage points over the past year.
  • Elanco Animal Health is more profitable, keeping -4.9 cents of every revenue dollar as net income versus -282.8 cents for Protagonist Therapeutics.
  • Elanco Animal Health grew revenue faster in its latest fiscal year (+6.22% vs -89.41%).

About Elanco Animal Health

ELAN stock →

Elanco Animal Health Incorporated, an animal health company, innovates, develops, manufactures, and markets products for pets and farm animals worldwide. The company offers pet health products, such as parasiticides, vaccines, and therapeutics that protect pets from fleas, ticks, and internal parasites under the Seresto, K-9 Advantage, Advantix, and Advocate trademarks; prescription parasiticide products, an over-the-counter treatments for the prevention and elimination of fleas and ticks under the Credelio Family, Interceptor Plus, Drontal family, and Drontal Plus; vaccines portfolio that provides differentiated prevention coverage for a number of important pet health risks; and therapeutics portfolio for the treatment of pain, otitis, cardiovascular, and dermatology indications, as well as osteoarthritis for dogs and cats under the Galliprant trademark.

Health Care · Biotechnology: Pharmaceutical Preparations · 9,400 employees

About Protagonist Therapeutics

PTGX stock →

Protagonist Therapeutics, Inc. operates as a discovery and development company in the United States.

Health Care · Biotechnology: Pharmaceutical Preparations · 141 employees

ELAN vs PTGX FAQ

Which is bigger, Elanco Animal Health or Protagonist Therapeutics?

Elanco Animal Health (ELAN) is larger, with a market capitalization of $11.26B compared with $9.05B for Protagonist Therapeutics (PTGX).

Which stock has performed better over the past year, ELAN or PTGX?

PTGX returned +114.26% over the past 12 months, compared with +10.82% for ELAN (price return, excluding dividends). Past performance does not predict future results.

Are Elanco Animal Health and Protagonist Therapeutics in the same industry?

Yes. Both are classified in the Biotechnology: Pharmaceutical Preparations industry within the Health Care sector.

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