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Biogen BIIB Debt-to-equity

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1.4×-1.1×
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1.3×+0.2×
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Other financials

Income statement

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Revenue$2.7B+3.4%
Gross profit$2.0B-4.0%
Operating income$610.7M
Net income$97.5M-84.6%
EPS (diluted)$0.66-84.8%

Balance sheet

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Cash & equivalents$1.3B-53.4%
Total debt$7.6B+14.6%
Total equity$18.8B+6.9%
Total assets$32.1B+13.3%

Cash flow

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Operating cash flow$448.9M+179%
CapEx$40.9M+53.8%
Free cash flow$408.0M+204%

Valuation

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Market cap$29.99B+54.7%
Enterprise value$36.26B+56.2%
P/E33.9×+21.3×
P/S+1.1×

Profitability

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Gross margin74%-1.4pp
Operating margin22.9%
Net margin8.8%-6.5pp
FCF margin26.9%+7.1pp

Returns & leverage

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Return on equity4.8%-4.3pp
Current ratio1.9×-0.6×

Where this comes from

Calculated from Biogen’s reported figures.

Based on the most recent quarter.

The source filing: Biogen’s 10-Q, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 6:36 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000875045-26-000075

FAQ

What is Biogen's debt-to-equity?
Biogen (BIIB) reported debt-to-equity of 0.4× in Q2 2026.
How has Biogen's debt-to-equity changed year-over-year?
Biogen's debt-to-equity increased by 7.2% year-over-year, from 0.4× to 0.4×.
What is the long-term trend for Biogen's debt-to-equity?
Over 5 years (2020 to 2025), Biogen's debt-to-equity has grown at a -13.2% compound annual growth rate (CAGR), from 0.7× to 0.4×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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