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Biogen BIIB Free cash flow margin

Free cash flow margin at other companies

BridgeBio Pharma logo
BridgeBio PharmaBBIO
-76.8%
Eli Lilly logo
Eli LillyLLY
16.4%+8.7pp
Ionis Pharmaceuticals logo
Ionis PharmaceuticalsIONS
-77.4%+35.3pp
AbbVie logo
AbbVieABBV
31.8%+5.0pp
Johnson & Johnson logo
Johnson & JohnsonJNJ
18.5%-4.3pp
Neurocrine Biosciences logo
Neurocrine BiosciencesNBIX
26.8%+6.4pp

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$29.02B+34.3%
Enterprise value$32.2B+34.9%
P/E20.4×+5.8×
P/S2.9×+0.7×

Profitability

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Gross margin75.5%-0.1pp
Operating margin22.9%
Net margin14.3%-0.8pp

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

Calculated from Biogen’s reported figures.

Based on trailing twelve months.

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 free cash flow margin?
Biogen (BIIB) reported free cash flow margin of 24.4% in Q1 2026.
How has Biogen's free cash flow margin changed year-over-year?
Biogen's free cash flow margin decreased by 1.8% year-over-year, from 24.8% to 24.4%.
What is the long-term trend for Biogen's free cash flow margin?
Over 3 years (2021 to 2025), Biogen's free cash flow margin has grown at a -12.4% compound annual growth rate (CAGR), from 30.8% to 20.7%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.