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Biogen BIIB Raw materials

Raw materials at other companies

Eli Lilly logo
Eli LillyLLY
$4.13B+31.0%
Organon logo
OrganonOGN
$13M-50.0%

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$30.72B+63.7%
Enterprise value$36.99B+63.7%
P/E34.8×+22.5×
P/S3.1×+1.2×

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

Reported directly by Biogen in its filing.

Tagged under the XBRL concept us-gaap:InventoryRawMaterialsNetOfReserves.

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

Filed
Jul 29, 2026, 6:36 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000875045-26-000075
(In millions)As of June 30, 2026As of December 31, 2025
Raw materials$308.0$293.4
Work in process1,655.01,595.2
Finished goods557.0424.9
Total inventory$2,520.0$2,313.5
Balance Sheet Classification:
Inventory$2,384.3$2,168.1
Investments and other assets135.7145.4
Total inventory$2,520.0$2,313.5

Item 1. Financial Statements (unaudited)

FAQ

What is Biogen's raw materials?
Biogen (BIIB) reported raw materials of $308M in Q2 2026.
How has Biogen's raw materials changed year-over-year?
Biogen's raw materials increased by 1.0% year-over-year, from $305M to $308M.
What is the long-term trend for Biogen's raw materials?
Over 5 years (2020 to 2025), Biogen's raw materials has grown at a -1.4% compound annual growth rate (CAGR), from $314.9M to $293.4M.
What does raw materials mean?
Unprocessed materials and components purchased for use in manufacturing, valued at cost.

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