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Biogen BIIB Free cash flow

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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%

Valuation

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Market cap$32.66B+63.4%
Enterprise value$38.93B+63.4%
P/E37×+23.9×
P/S3.3×+1.3×

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
Debt / equity0.4×0.0×
Current ratio1.9×-0.6×

Where this comes from

Calculated from Biogen’s reported figures.

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 free cash flow?
Biogen (BIIB) reported free cash flow of $408M in Q2 2026.
How has Biogen's free cash flow changed year-over-year?
Biogen's free cash flow increased by 203.8% year-over-year, from $134.3M to $408M.
What is the long-term trend for Biogen's free cash flow?
Over 3 years (2021 to 2025), Biogen's free cash flow has grown at a -15.4% compound annual growth rate (CAGR), from $3.38B to $2.05B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

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