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Amgen AMGN Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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Cloudflare, Inc.NET
-5×-5.4×
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19.2×+12.3×
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0.1×-0.3×
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Morgan StanleyMS
-0.2×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
0.6×-1.3×
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American ExpressAXP
0.3×+0.3×

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
FCF margin23.1%-8.9pp

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.

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 net debt?
Amgen (AMGN) reported net debt of $56.76B in Q1 2026.
How has Amgen's net debt changed year-over-year?
Amgen's net debt decreased by 0.2% year-over-year, from $56.87B to $56.76B.
What is the long-term trend for Amgen's net debt?
Over 5 years (2020 to 2025), Amgen's net debt has grown at a 10.9% compound annual growth rate (CAGR), from $32.64B to $54.83B.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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