What is Biogen's capex?

Biogen (BIIB) reported capex of $51.2M in Q1 2026.

How has Biogen's capex changed year-over-year?

Biogen's capex increased by 38.0% year-over-year, from $37.1M to $51.2M.

What is the long-term trend for Biogen's capex?

Over 4 years (2021 to 2025), Biogen's capex has grown at a -12.1% compound annual growth rate (CAGR), from $258.1M to $153.8M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Biogen BIIB CapEx

CapEx at other companies

Eli LillyLLY

$2.33B+54.0%

Rogers CorporationROG

$4.7M-51.0%

TG TherapeuticsTGTX

$51K+104%

Acadia PharmaceuticalsACAD

$5.21M—

AnaptysBio, Inc.ANAB

$17K-51.4%

RegenxbioRGNX

$1.24M+20.6%

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%

Free cash flow$594.3M+167%

Valuation

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Market cap$31.9B+71.6%

Enterprise value$35.08B+56.4%

P/E22.5×+10.3×

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:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Biogen’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Biogen's capex?: Biogen (BIIB) reported capex of $51.2M in Q1 2026.
How has Biogen's capex changed year-over-year?: Biogen's capex increased by 38.0% year-over-year, from $37.1M to $51.2M.
What is the long-term trend for Biogen's capex?: Over 4 years (2021 to 2025), Biogen's capex has grown at a -12.1% compound annual growth rate (CAGR), from $258.1M to $153.8M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.