Companies / Health Care
VRTX
Vertex Pharmaceuticals
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 health81
Growth57
Profitability100
Cash generation83
Balance sheet100
Dilution control64
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)11.8%Revenue growth (FY)8.9%Revenue CAGR (3y)10.4%Gross margin86.2%Operating margin34.8%Net margin32.9%Free cash flow margin26.6%R&D / revenue32.6%Stock comp / revenue5.7%Net debt / operating cash flow—Current ratio2.90Diluted share count change0.0%
| Fiscal year ending | FY 2021-12 | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|---|
| Revenue | $7.6B | $8.9B | $9.9B | $11.0B | $12.0B |
| Gross profit | $6.7B | $7.9B | $8.6B | $9.5B | $10.3B |
| Operating income | $2.8B | $4.3B | $3.8B | -$233M | $4.2B |
| Net income | $2.3B | $3.3B | $3.6B | -$536M | $4.0B |
| Operating cash flow | $2.6B | $4.1B | $3.5B | -$493M | $3.6B |
| Capital expenditure | $235M | $205M | $200M | $298M | $438M |
| Free cash flow | $2.4B | $3.9B | $3.3B | -$790M | $3.2B |
| R&D | $3.1B | $2.5B | $3.2B | $3.6B | $3.9B |
| Stock-based comp | $441M | $491M | $581M | $698M | $686M |
| Buybacks | $1.4B | $0 | $428M | $1.2B | $2.0B |
| Cash | $6.8B | $10.5B | $10.4B | $4.6B | $5.1B |
| Equity | $10.1B | $13.9B | $17.6B | $16.4B | $18.7B |
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