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Amgen AMGN Free cash flow margin

Free cash flow margin at other companies

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16.4%+8.7pp
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18%+8.8pp
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24.2%-2.9pp
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-366.6%+1,421pp
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1.9%+1.0pp

Other financials

Income statement

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Revenue$8.6B+5.8%
Gross profit$5.9B+13.4%
Operating income$2.7B+126%
Net income$1.8B+5.1%
EPS (diluted)$3.34+4.4%

Balance sheet

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Cash & equivalents$559.0M+10.0%
Total debt$57.3B-0.1%
Total equity$9.2B+48.1%
Total assets$92.5B+3.5%

Cash flow

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Operating cash flow$2.2B+57.4%
CapEx$712.0M+73.2%
Free cash flow$1.5B+50.7%

Valuation

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Market cap$207.87B+28.0%
Enterprise value$264.64B+21.4%
P/E26.7×+2.1×
P/S5.6×+0.9×

Profitability

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Gross margin68.3%+5.3pp
Operating margin28.4%+6.6pp
Net margin21%+3.6pp

Returns & leverage

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Return on equity101.3%-4.4pp
Debt / equity6.2×-3.0×
Current ratio1.3×+0.1×

Where this comes from

Calculated from Amgen’s reported figures.

Based on trailing twelve months.

The source filing: Amgen’s 10-Q, filed April 30, 2026. Open the filing →

Filed
Apr 30, 2026, 7:04 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000318154-26-000057

FAQ

What is Amgen's free cash flow margin?
Amgen (AMGN) reported free cash flow margin of 23.1% in Q1 2026.
How has Amgen's free cash flow margin changed year-over-year?
Amgen's free cash flow margin decreased by 27.8% year-over-year, from 32% to 23.1%.
What is the long-term trend for Amgen's free cash flow margin?
Over 5 years (2020 to 2025), Amgen's free cash flow margin has grown at a -10.7% compound annual growth rate (CAGR), from 38.9% to 22%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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