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Biogen BIIB Net margin

Net margin at other companies

Neurocrine Biosciences logo
Neurocrine BiosciencesNBIX
21.6%+8.9pp
Eli Lilly logo
Eli LillyLLY
35%+12.3pp
Royalty Pharma logo
Royalty PharmaRPRX
33.9%-14.4pp
Bristol-Myers Squibb logo
Bristol-Myers SquibbBMY
15%+3.8pp
Amgen logo
AmgenAMGN
21%+3.6pp
Incyte logo
IncyteINCY
26.7%+26.2pp

Other financials

Income statement

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Revenue$2.5B+1.9%
Gross profit$1.8B+0.8%
Net income$319.5M+32.9%
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$29.33B+34.3%
Enterprise value$32.51B+34.9%
P/E20.6×+5.9×
P/S+0.7×

Profitability

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Gross margin75.5%-0.1pp
Operating margin22.9%

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 net margin?
Biogen (BIIB) reported net margin of 14.3% in Q1 2026.
How has Biogen's net margin changed year-over-year?
Biogen's net margin decreased by 5.1% year-over-year, from 15.1% to 14.3%.
What is the long-term trend for Biogen's net margin?
Over 4 years (2021 to 2025), Biogen's net margin has grown at a -3.2% compound annual growth rate (CAGR), from 68.4% to 59.9%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.