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Amgen AMGN Free cash flow

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Other financials

Income statement

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Revenue$10.1B+9.5%
Gross profit$7.2B+17.4%
Operating income$3.5B+32.3%
Net income$2.4B+65.9%
EPS (diluted)$4.37+64.9%

Balance sheet

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Cash & equivalents$574.0M+5.9%
Total debt$57.3B+2.0%
Total equity$11.7B+57.4%
Total assets$95.6B+8.8%

Cash flow

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Operating cash flow$4.0B+75.5%
CapEx$513.0M+39.0%

Valuation

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Market cap$238.06B+53.6%
Enterprise value$294.79B+39.9%
P/E27.2×+3.8×
P/S6.3×+1.8×

Profitability

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Gross margin69.5%+5.0pp
Operating margin30%+6.5pp
Net margin23%+4.0pp
FCF margin26.7%-3.7pp

Returns & leverage

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Return on equity91.5%-7.7pp
Debt / equity4.9×-2.7×
Current ratio1.4×+0.1×

Where this comes from

Calculated from Amgen’s reported figures.

The source filing: Amgen’s 10-Q, filed August 5, 2026. Open the filing →

Filed
Aug 4, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000318154-26-000126

FAQ

What is Amgen's free cash flow?
Amgen (AMGN) reported free cash flow of $3.49B in Q2 2026.
How has Amgen's free cash flow changed year-over-year?
Amgen's free cash flow increased by 82.6% year-over-year, from $1.91B to $3.49B.
What is the long-term trend for Amgen's free cash flow?
Over 4 years (2021 to 2025), Amgen's free cash flow has grown at a -0.8% compound annual growth rate (CAGR), from $8.38B to $8.1B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

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