Companies / Health Care
BIIB
Biogen
Biotechnology
BiotechnologyAnalysis in progress
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health70
Growth27
Profitability76
Cash generation91
Balance sheet88
Dilution control66
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)10.6%Revenue growth (FY)2.2%Revenue CAGR (3y)-0.9%Gross margin75.7%Operating margin—Net margin13.1%Free cash flow margin20.7%R&D / revenue18.0%Stock comp / revenue2.9%Net debt / operating cash flow1.49xCurrent ratio2.68Diluted share count change0.8%
| Fiscal year ending | FY 2021-12 | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|---|
| Revenue | $11.0B | $10.2B | $9.8B | $9.7B | $9.9B |
| Gross profit | $8.9B | $7.9B | $7.3B | $7.4B | $7.5B |
| Operating income | $2.8B | — | — | — | — |
| Net income | $1.6B | $3.0B | $1.2B | $1.6B | $1.3B |
| Operating cash flow | $3.6B | $1.4B | $1.5B | $2.9B | $2.2B |
| Capital expenditure | $258M | $240M | $277M | $154M | $154M |
| Free cash flow | $3.4B | $1.1B | $1.3B | $2.7B | $2.1B |
| R&D | $2.5B | $2.2B | $2.4B | $2.0B | $1.8B |
| Stock-based comp | $239M | $254M | $264M | $291M | $291M |
| Buybacks | $1.8B | $750M | $0 | $0 | — |
| Cash | $2.3B | $3.4B | $1.0B | $2.4B | $3.0B |
| Total debt | $6.3B | $6.3B | $6.9B | $6.3B | $6.3B |
| Equity | $10.9B | $13.4B | $14.8B | $16.7B | $18.3B |
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