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Generics and biosimilars

The 10 companies in this industry listed on the NYSE and Nasdaq are worth $93 bn combined; the largest are Teva Pharmaceutical (TEVA), Viatris (VTRS) and DR REDDYS LABORATORIES LTD (RDY). For each one: what it does, revenue, margin, free cash flow over the last five years and a score from 0 to 10.

Data as of October 2026

Comfortable leader
10 companies value 93 bn revenue 50 bn margin -7.6% free cash flow 4.3 bn avg. score 3.5
TEVA holds 51.7% of the group's value, 2.3x the runner-up
Rank Ticker Company Share Value Revenue Margin FCF 5 years FCF/px Yield What it does · why it is here
1 TEVA Teva Pharmaceutical
Israel · score 5.2
52% 48 bn 17 bn 4.1% 1.4 bn 2.8% — Generic and specialty drugs, from Israel · World's largest generic drugmaker
2 VTRS Viatris
United States · score 3.5
23% 21 bn 15 bn -23.9% 1.9 bn 9.3% — Generic and branded drugs at global scale · Born from Mylan + Upjohn; a global generics portfolio with a high yield
3 RDY DR REDDYS LABORATORIES LTD
India · score 5.8
12% 11 bn 3.6 bn 12.6% 0.4 bn 3.3% 0.7% Pharma with licensed products in many countries · India — revenue of $3.6bn
4 AMRX Amneal Pharmaceuticals, Inc.
United States · score 4.1
7% 6.2 bn 3.1 bn 5.0% 0.1 bn 2.1% — Global biopharma of essential medicines · New Jersey — revenue of $3.1bn
5 OGN Organon
United States · score 5.4
4% 3.6 bn 6.1 bn 3.4% 0.6 bn 15.7% 0.5% Women's health medicines and biosimilars · Women's health and mature brands, spun off from Merck
6 PRGO Perrigo
Ireland · score 3.1
2% 2.2 bn 4.1 bn -41.9% 0.1 bn 5.3% 7.2% Store-brand over-the-counter medicines · Largest maker of store-brand medicines for pharmacies
7 AMPH Amphastar Pharmaceuticals, Inc.
United States · score 6.1
1% 1.1 bn 0.7 bn 10.8% 0.1 bn 13.8% — Pharma for injectables and active ingredients · California — revenue of $730m
8 AEON AEON Biopharma, Inc.
United States · score 0.5
0% 0.0 bn — — -0.0 bn -118.7% — Biopharma of a biosimilar botulinum toxin · California
9 ALVO Alvotech
Luxembourg · score 0.0
— — 0.5 bn -36.5% -0.3 bn — — Development and manufacturing of biosimilars (versions of Humira, Stelara, Eylea and others) in Iceland · Luxembourg — revenue of $492m
10 SBFM Sunshine Biopharma Inc.
United States · score 1.2
— — 0.0 bn -16.5% -0.0 bn — — Drug licensing and distribution in Canada · Florida — revenue of $35m

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What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.

The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.

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