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Amgen AMGN Gross margin

Gross margin at other companies

Eli Lilly logo
Eli LillyLLY
82.8%+1.1pp
Pfizer logo
PfizerPFE
73.5%+1.2pp
Merck & Co. logo
Merck & Co.MRK
73.9%-2.5pp
Bristol-Myers Squibb logo
Bristol-Myers SquibbBMY
70.5%0.0pp
Abbott logo
AbbottABT
56.3%+0.4pp
Johnson & Johnson logo
Johnson & JohnsonJNJ
67.8%-0.5pp

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$184.4B+13.3%
Enterprise value$241.16B+9.9%
P/E23.6×-3.8×
P/S+0.2×

Profitability

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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 official record: Amgen’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Amgen's gross margin?
Amgen (AMGN) reported gross margin of 68.3% in Q1 2026.
How has Amgen's gross margin changed year-over-year?
Amgen's gross margin increased by 8.3% year-over-year, from 63% to 68.3%.
What is the long-term trend for Amgen's gross margin?
Over 4 years (2021 to 2025), Amgen's gross margin has grown at a -3.6% compound annual growth rate (CAGR), from 301.5% to 260.9%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.