Amgen

Health Care Biotechnology Thousand Oaks, California Last filing Feb 13, 2026 · FY2025

                    Revenue
                    FY2025
                
$36.8B
                    3y CAGR +11.8%
                    
                    P83
                    
                    +10.0%
                    
                    Net income
                    FY2025
                
$7.7B
                    Net margin +21.0%
                    
                    P80
                    
                    +88.5%
                    
                    Total assets
                    FY2025
                
$90.6B
                    ROA +8.5%
                    
                    P68
                    
                    -1.4%
                    
                    Operating cash flow
                    FY2025
                
$10.0B
                    FCF margin +22.0%
                    
                    P82
                    
                    -13.3%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

27 accounts · 3 years

Total assets $90.6B

Total liabilities $25.5B

Shareholders equity $8.7B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	-8.7%	+9.4%	—
Short Term Investments	—	—	—
Accounts Receivable	+14.7%	-6.7%	—
Inventory	-19.1%	-26.5%	—
Prepaid Expenses	+26.0%	+25.9%	—
Other Current Assets	+26.0%	+25.9%	—
Total Current Assets	-2.1%	-4.3%	—
Property,Plant and Equipment	+15.4%	+10.1%	—
Goodwill	+0.1%	+0.0%	—
Intangible Assets	-17.4%	-15.1%	—
Other Noncurrent Assets	+14.8%	+3.3%	—
Total Assets	-3.4%	-5.5%	—
Liabilities
Accounts Payable	+22.0%	+20.0%	—
Accrued Liabilities	+9.8%	+14.9%	—
Current Portion of Long Term Debt	+78.5%	+146.0%	—
Other Current Liabilities	+1.1%	+1.0%	—
Total Current Liabilities	+17.7%	+25.6%	—
Long Term Debt	-11.0%	-10.5%	—
Deferred Tax Liabilities	-23.8%	-31.4%	—
Other Noncurrent Liabilities	+1.1%	+1.0%	—
Total Liabilities	+17.7%	+25.6%	—
Equity
Preferred Stock	—	—	—
Common Stock	+0.1%	+0.0%	—
Retained Earnings	—	—	—
Accumulated Other Comprehensive Income	—	—	—
Total Stockholders Equity	+17.9%	-5.7%	—
Total Liabilitiesand Equity	-3.4%	-5.5%	—

Income Statement

Revenue, expense, and profitability

19 accounts · 3 years

Revenue $36.8B

Operating income $9.1B

Net income $7.7B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	+14.2%	+18.6%	—
Expenses Cost of Revenue	+19.3%	+52.1%	—
Expenses Research and Development	+23.3%	+24.7%	—
Expenses Selling,General and Administrative	+6.8%	+14.8%	—
Expenses Depreciation and Amortization	+12.7%	+37.4%	—
Expenses Share Based Compensation	+7.1%	+23.0%	—
Expenses Operating Expenses	+16.8%	+28.9%	—
Other Income Expense Operating Income	+7.2%	-8.1%	—
Other Income Expense Interest Income	-41.7%	-57.5%	—
Other Income Expense Interest Expense	-2.1%	+9.7%	—
Other Income Expense Other Income/expense	-3.3%	-82.1%	—
Other Income Expense Income Before Tax	+6.9%	-41.3%	—
Income Tax Income Tax Expense	+5.4%	-54.4%	—
net Income net Income	+7.1%	-39.1%	—
net Income Comprehensive Income	+6.3%	-35.2%	—
Earnings Per Share Basic Eps	+6.8%	-39.3%	—
Earnings Per Share Diluted Eps	+6.7%	-39.5%	—
Earnings Per Share Weighted Average Shares Basic	+0.3%	+0.4%	—
Earnings Per Share Weighted Average Shares Diluted	+0.4%	+0.6%	—

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 3 years

Operating cash flow $10.0B

Investing cash flow $-1.9B

Financing cash flow $-10.9B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	+7.1%	-39.1%	—
Operating Activities Depreciation and Amortization	+12.7%	+37.4%	—
Operating Activities Stock Based Compensation	+7.1%	+23.0%	—
Operating Activities Deferred Income Taxes	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	+59.0%	—	—
Operating Activities Other Non Cash Items	—	—	—
Operating Activities net Cash From Operating Activities	+8.4%	+35.6%	—
Investing Activities Capital Expenditures	+29.3%	-1.4%	—
Investing Activities Business Acquisitions	-95.6%	—	—
Investing Activities Proceeds From Sale of Investments	—	—	—
Investing Activities Other Investing Activities	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—
Financing Activities Proceeds From Debt	—	—	—
Financing Activities Repayment of Debt	+85.4%	+147.6%	—
Financing Activities Repurchase of Common Stock	—	—	—
Financing Activities Dividends Paid	+6.1%	+6.1%	—
Financing Activities Other Financing Activities	—	—	—
Financing Activities net Cash From Financing Activities	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	-8.7%	+9.4%	—
Cash Reconciliation net Change In Cash	—	-69.0%	—
Cash Reconciliation Cash At Beginning of Period	-8.7%	+9.4%	—
Cash Reconciliation Cash At End of Period	-8.7%	+9.4%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+67.2%	+61.5%	+70.0%
Operating margin	+24.7%	+21.7%	+28.0%
Net margin	+21.0%	+12.2%	+23.8%
FCF margin	+22.0%	+31.1%	+26.1%
Growth
Revenue CAGR (3y)	+11.8%	+8.8%	+3.5%
Returns
ROE	+89.1%	+69.6%	+107.8%
ROA	+8.5%	+4.5%	+6.9%
ROIC	+14.4%	+11.9%	+11.3%
Liquidity
Current ratio	1.14x	1.26x	1.65x
Quick ratio	0.73x	0.81x	0.99x
Leverage
D/E	2.94x	3.93x	2.95x
Interest coverage	3.30x	2.30x	2.75x
Efficiency
Asset turnover	0.41x	0.36x	0.29x
Cash conversion cycle	+212d	+219d	+437d

Valuation

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FY2025 fundamentals · no price

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Amgen

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