BIOGEN INC.
BIIB· Nasdaq· Biological Products, (No Diagnostic Substances)
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 20.7%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- -6.0%
We record prices for the companies we cover; BIIB is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 147.1M
- Revenue
- $9.9B
- Free cash flow
- $2.1B
- Owner earnings
- $1.8B
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- –
- Net
- 13.1%
- Free cash flow
- 20.7%
- Owner earnings
- 17.8%
- Stock pay
- 2.9%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 7.1%
- ROE, 5 yr avg
- 12.3%
Growth (CAGR)
- Revenue, 3 yr
- -0.9%
- Revenue, 5 yr
- -6.0%
- Revenue, 9 yr
- -1.6%
- Diluted EPS, 3 yr
- -25.0%
- Diluted EPS, 5 yr
- -18.7%
- Diluted EPS, 9 yr
- -7.0%
- Free cash flow, 3 yr
- 21.5%
- Free cash flow, 5 yr
- -11.6%
- Free cash flow, 9 yr
- -7.1%
Financial health · FY2025
- Cash and investments
- $3.8B
- Total debt
- $6.3B
- Net debt
- $2.5B
- Debt/Equity
- 0.3x
- Debt/FCF
- 3.1x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- -1.8%
Financials: ten years from the 10-Ks
Revenue
$9.9B
-1.6% a year over 9 years
FY2016FY2025
Margins
Gross–Operating–Net13.1%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$2.1BOwner earnings$1.8B
Free cash flow -7.1% a year
FY2016FY2025
Diluted shares
147.1M
-32.8% over 9 years, net buybacks
FY2016FY2025
Return on invested capital
–
FY2025
FY2016FY2025
Net debt (below zero)
-$2.5B
$2.5B more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $11.4B | $12.3B | $13.5B | $14.4B | $13.4B | $11.0B | $10.2B | $9.8B | $9.7B | $9.9B |
| Revenue growth | 6.4% | 7.2% | 9.6% | 6.9% | -6.5% | -18.3% | -7.4% | -3.3% | -1.6% | 2.2% |
| Gross margin | 87.1% | 86.7% | 86.5% | 86.4% | 86.6% | – | – | – | – | – |
| Operating margin | 45.0% | 43.6% | 43.8% | 49.0% | 33.8% | 25.9% | – | – | – | – |
| Net income | $3.7B | $2.5B | $4.4B | $5.9B | $4.0B | $1.6B | $3.0B | $1.2B | $1.6B | $1.3B |
| Net margin | 32.3% | 20.7% | 32.9% | 41.0% | 29.8% | 14.2% | 29.9% | 11.8% | 16.9% | 13.1% |
| Diluted EPS | $16.93 | $11.92 | $21.58 | $31.42 | $24.80 | $10.40 | $20.87 | $7.97 | $11.18 | $8.79 |
| Return on invested capital? | 23.6% | 16.4% | 25.2% | 44.3% | 23.6% | 20.6% | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $4.6B | $4.6B | $6.2B | $7.1B | $4.2B | $3.6B | $1.4B | $1.5B | $2.9B | $2.2B |
| Capital expenditure | $616.1M | $867.4M | $770.6M | $514.5M | $424.8M | $258.1M | $240.3M | $277.0M | $153.7M | $153.8M |
| Free cash flow | $4.0B | $3.7B | $5.4B | $6.6B | $3.8B | $3.4B | $1.1B | $1.3B | $2.7B | $2.1B |
| Stock-based compensation | $154.8M | $128.0M | $157.5M | $182.3M | $198.3M | $238.6M | $254.1M | $264.2M | $291.2M | $290.8M |
| Owner earnings? | $3.8B | $3.6B | $5.3B | $6.4B | $3.6B | $3.1B | $889.9M | $1.0B | $2.4B | $1.8B |
| Free cash flow per share | $18.15 | $17.29 | $26.39 | $35.03 | $23.59 | $22.61 | $7.84 | $8.72 | $18.66 | $13.94 |
| Capital allocation | ||||||||||
| Dividends paid | – | – | – | – | – | – | – | – | – | – |
| Share repurchases | $1.0B | $1.4B | $4.4B | $5.9B | $6.7B | $1.8B | $750.0M | $0 | $0 | – |
| Diluted shares | 218.8M | 213.0M | 205.3M | 187.4M | 161.3M | 149.6M | 146.0M | 145.6M | 145.9M | 147.1M |
| Share count change? | -5.4% | -2.7% | -3.6% | -8.7% | -13.9% | -7.3% | -2.4% | -0.3% | 0.2% | 0.8% |
| Balance sheet | ||||||||||
| Cash and equivalents | $2.3B | $1.6B | $1.2B | $2.9B | $1.3B | $2.3B | $3.4B | $1.0B | $2.4B | $3.0B |
| Short-term investments | – | – | – | $1.6B | $1.3B | $1.5B | $1.5B | $0 | $0 | $807.2M |
| Total debt | $6.5B | $5.9B | $5.9B | $4.5B | $7.4B | $6.3B | $6.3B | $6.9B | $6.3B | $6.3B |
| Net debt | $4.2B | $4.4B | $4.7B | -$16.9M | $4.8B | $2.5B | $1.4B | $5.9B | $3.9B | $2.5B |
| Shareholders' equity | $12.1B | $12.6B | $13.0B | $13.3B | $10.7B | $10.9B | $13.4B | $14.8B | $16.7B | $18.3B |
Latest filings
| 2026-10-28 | 8-K | Earnings release |
| 2026-10-28 | 10-Q | Quarterly report |
| 2026-07-29 | 10-Q | Quarterly report |
| 2026-07-29 | 8-K | Earnings release |
| 2026-07-01 | 8-K | Earnings release |
| 2026-04-29 | 8-K | Earnings release |
| 2026-04-29 | 10-Q | Quarterly report |
| 2026-04-28 | DEF 14A | Proxy statement |
| 2026-04-06 | 8-K | Earnings release |
| 2026-02-06 | 8-K | Earnings release |
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