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Amgen AMGN Net margin

Net margin at other companies

Eli Lilly logo
Eli LillyLLY
35%+12.3pp
Pfizer logo
PfizerPFE
15.7%
Regeneron Pharmaceuticals logo
Regeneron PharmaceuticalsREGN
29.6%-2.3pp
Revolution Medicines, Inc. logo
Revolution Medicines, Inc.RVMD
-76,423.3%-77,733pp
Roivant Sciences logo
Roivant SciencesROIV
-6,079.9%-6,193pp
Merck & Co. logo
Merck & Co.MRK
13.6%-13.7pp

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

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 net margin?
Amgen (AMGN) reported net margin of 21% in Q1 2026.
How has Amgen's net margin changed year-over-year?
Amgen's net margin increased by 20.5% year-over-year, from 17.4% to 21%.
What is the long-term trend for Amgen's net margin?
Over 4 years (2021 to 2025), Amgen's net margin has grown at a -5.2% compound annual growth rate (CAGR), from 95.2% to 76.8%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.