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Biogen BIIB Reportable Segment — SG&A

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Other financials

Income statement

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Revenue$2.5B+1.9%
Gross profit$1.8B+0.8%
Operating income$610.7M
Net income$319.5M+32.8%
EPS (diluted)$2.15+31.1%

Balance sheet

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Cash & equivalents$3.4B+30.2%
Total debt$6.6B+34.7%
Total equity$18.7B+9.9%
Total assets$29.5B+5.2%

Cash flow

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Operating cash flow$645.5M+149%
CapEx$51.2M+38.0%
Free cash flow$594.3M+167%

Valuation

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Market cap$31.89B+72.3%
Enterprise value$35.07B+57.0%
P/E22.5×+10.4×
P/S3.2×+1.4×

Profitability

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Gross margin75.5%-0.1pp
Operating margin22.9%
Net margin14.3%-0.8pp
FCF margin24.4%-0.4pp

Returns & leverage

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Return on equity8%-1.2pp
Debt / equity0.4×+0.1×
Current ratio3.1×+1.6×

Where this comes from

Reported directly by Biogen in its filing.

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

The official record: Biogen’s 10-K, filed February 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Biogen's reportable segment — SG&A?
Biogen (BIIB) reported reportable segment — SG&A of $608.4M in Q4 2025.
How has Biogen's reportable segment — SG&A changed year-over-year?
Biogen's reportable segment — SG&A increased by 1.2% year-over-year, from $600.93M to $608.4M.
What is the long-term trend for Biogen's reportable segment — SG&A?
Over 3 years (2022 to 2025), Biogen's reportable segment — SG&A has grown at a 0.4% compound annual growth rate (CAGR), from $2.4B to $2.43B.
What does reportable segment — SG&A mean?
This encompasses the costs of marketing, sales force operations, legal, and general corporate overhead required to support the segment's commercial activities. It reflects the efficiency of the company's commercial infrastructure and its ability to scale sales without disproportionate cost increases. High levels relative to revenue may indicate aggressive market expansion or high administrative overhead.