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Amgen AMGN Net debt / EBITDA

Net debt / EBITDA at other companies

Eli Lilly logo
Eli LillyLLY
1.1×-1.1×
Pfizer logo
PfizerPFE
3.8×
Regeneron Pharmaceuticals logo
Regeneron PharmaceuticalsREGN
-0.1×0.0×
Roivant Sciences logo
Roivant SciencesROIV
-0×
Merck & Co. logo
Merck & Co.MRK
+1.7×
Bristol-Myers Squibb logo
Bristol-Myers SquibbBMY
2.7×-0.1×

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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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 the most recent quarter.

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 net debt / EBITDA?
Amgen (AMGN) reported net debt / EBITDA of 3.7× in Q1 2026.
How has Amgen's net debt / EBITDA changed year-over-year?
Amgen's net debt / EBITDA decreased by 15.9% year-over-year, from 4.4× to 3.7×.
What is the long-term trend for Amgen's net debt / EBITDA?
Over 4 years (2021 to 2025), Amgen's net debt / EBITDA has grown at a 7.8% compound annual growth rate (CAGR), from 11.9× to 16.1×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.