What is Biogen's operating margin?

Biogen (BIIB) reported operating margin of 22.9% in Q1 2022.

What does operating margin mean?

The profit left from core operations for every dollar of sales, before interest and taxes.

How do you interpret operating margin?

Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.

How does operating margin compare across companies?

Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.

Biogen BIIB Operating margin

Discontinued — last reported Q1 '22

Operating margin at other companies

Neurocrine BiosciencesNBIX

25.4%+4.9pp

Royalty PharmaRPRX

65.1%-18.9pp

AmgenAMGN

28.4%+6.6pp

IncyteINCY

30%+26.1pp

Johnson & JohnsonJNJ

26.4%+2.8pp

Roivant SciencesROIV

-9,130.5%-13,995pp

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$645.5M+149%

CapEx$51.2M+38.0%

Free cash flow$594.3M+167%

Valuation

See full

Market cap$29.33B+34.3%

Enterprise value$32.51B+34.9%

P/E20.6×+5.9×

P/S3×+0.7×

Profitability

See full

Gross margin75.5%-0.1pp

Net margin14.3%-0.8pp

Returns & leverage

See full

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.

operating income/total revenue=22.9%

Based on trailing twelve months.

The official record: Biogen’s 10-Q, filed April 25, 2023, on SEC EDGAR. View the filing →

Ask your AI about Biogen's operating margin.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Biogen's operating margin?: Biogen (BIIB) reported operating margin of 22.9% in Q1 2022.
What does operating margin mean?: The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?: Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?: Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.